Loan Repayment Assistance Program Of Minnesota

Organization Overview

Loan Repayment Assistance Program Of Minnesota is located in Minneapolis, MN. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loan Repayment Assistance Program Of Minnesota is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Loan Repayment Assistance Program Of Minnesota generated $163.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $84.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HELPING LAWYERS HELP THE DISADVANTAGED THROUGH EDUCATION LOAN REPAYMENT ASSISTANCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LRAP MINNESOTA ENABLED 50 PUBLIC SERVICE ATTORNEYS TO HELP SOME 10,000 LOW-INCOME CLIENTS SECURE ESSENTIAL NEEDS LIKE FOOD, SHELTER, AND SAFETY.


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Board, Officers & Key Employees

Name (title)Compensation
Dee Baskin
Executive Direc
$56,900
Daniel Brown
Treasurer
$0
Erin Keyes
Vice President
$0
Valerie Herring
President
$0
Andrea Derby Workman
Director
$0
Ann Gemmell
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$154,432
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$154,432
Total Program Service Revenue$0
Investment income $9,281
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $163,807

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Loan Repayment Assistance Program Of Minnesota has recieved totaling $25,701.

Awarding OrganizationAmount
Minnesota State Bar Foundation

Minneapolis, MN

PURPOSE: PROGRAM SUPPORT

$10,000
Fredrikson & Byron Foundation

Minneapolis, MN

PURPOSE: SPECIAL PROJECT

$8,500
Mightycause Charitable Foundation

Marianna, FL

PURPOSE: UNRESTRICTED

$7,201
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$197,796
Earnings$9,269
Ending Balance$207,065

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