East Town Business Partnership
- Assets
- $27.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 41-1357158
Organization Overview
East Town Business Partnership is located in Minneapolis, MN. The organization was established in 1999. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Town Business Partnership is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, East Town Business Partnership generated $48.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $51.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SERVES AS AN ADVOCATE FOR THE DOWNTOWN EAST AND ELLIOT PARKNEIGHBORHOOD OF MINNEAPOLIS PROMOTING SAFETY AND COMMUNICATION BETWEENBUSINESS AND CIVIC LEADERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Lauwagie President | 4 | $0 | |
Carletta Sweet Vice President | 4 | $0 | |
Cyndy Harrioson Treasurer | 4 | $0 | |
Brent Hanson Board Member | 2 | $0 | |
Reid Struck Board Member | 2 | $0 | |
Amy Carlson Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000 |
| Total Program Service Revenue | $401 |
| Membership dues | $45,799 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $48,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,019 |
| Total expenses | $51,519 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,867 |
| Other assets | $0 |
| Total assets | $27,867 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,867 |