Minnesota Collection Network For Student Loans-Receivables
- Assets
- $63.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 09/2000
- Data as of
- 12/2020
- EIN
- 41-1619042
Organization Overview
Minnesota Collection Network For Student Loans-Receivables is located in Duluth, MN. The organization was established in 2000. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Minnesota Collection Network For Student Loans-Receivables 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 12/2020, Minnesota Collection Network For Student Loans-Receivables generated $81.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (67.3%) each year. All expenses for the organization totaled $1.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Nordeen Chair | 2 | $0 | |
Miguel Granger Treasurer | 2 | $0 | |
Lydia Self Secretary/purchasing | 2 | $0 | |
Lori Hartung Associate Member Rep | 2 | $0 | |
Kathy Freeman Vice Chair, Hotel/curricul | 2 | $0 | |
Diane Syler Membership/registration | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $75 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81 |
| 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 | $498 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $818 |
| Total expenses | $1,316 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,291 |
| Other assets | $0 |
| Total assets | $63,291 |
| Total liabilities | $0 |
| Net assets or fund balances | $63,291 |