Minnosota Floor Covering Association
- Assets
- $2.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spring Lake Park, MN
- Founding
- 01/1991
- Data as of
- 12/2021
- EIN
- 41-1673732
Organization Overview
Minnosota Floor Covering Association is located in Spring Lake Park, MN. The organization was established in 1991. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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. Minnosota Floor Covering Association 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, Minnosota Floor Covering Association generated $5.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $5.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 7 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
PROVIDED SCHOLARSHIPS TO STUDENTS TO FURTHER THEIR EDUCATION, SPONSORED A SEMINAR TO EDUCATE MEMBERS ON THE LATEST PRODUCTS AND ORGANIZED A GOLF OUTING TO IMPROVE RELATIONSHIPS BETWEEN MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Anderson Executive Dir. | 10 | $4,000 | |
Justina Sweet At Large | 0 | $0 | |
Kasey Lindala Installer | 0 | $0 | |
Rich Meissner Past President | 0 | $0 | |
Mike Schultz Distributor | 0 | $0 | |
Brian Fredrickson Past President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,339 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,425 |
| Other Revenue | $0 |
| Total Revenue | $5,764 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,000 |
| Professional fees and other payments to independent contractors | $546 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,232 |
| Total expenses | $5,778 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,219 |
| Other assets | $0 |
| Total assets | $2,219 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,219 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnosota Floor Covering Association has recieved totaling $5,038.
| Awarding Organization | Amount |
|---|---|
World Floor Covering Association 401 K Dalton, GA PURPOSE: PAYMENT FOR SPEAKERS, ETC. | $5,038 |