Folwell Neighborhood Association
- Assets
- $55.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Minneapolis, MN
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 41-1763454
Organization Overview
Folwell Neighborhood Association is located in Minneapolis, MN. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Folwell Neighborhood Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Folwell Neighborhood Association 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 12/2023, Folwell Neighborhood Association generated $73.7k 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 (8.6%) each year. All expenses for the organization totaled $81.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.9%) 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
2023
Describe the Organization's Program Activity:
Part 3
FNA SERVED AS A FISCAL AGENT TO NEIGHBORHOOD MEMBERS ASSISTING THE VICTIMS OF THE DRAKE HOTEL FIRE, WE ACQUIRED A SPACE AT 3701 FREMONT TO USE AS A BUSINESS DEVELOPMENT AND COMMUNITY CENTER, WE DISTRIBUTED MASKS AND COVID 19 INFORMATION, WE HAD FOOD DRIVES AND MADE FOOD DONATIONS TO NEIGHBORS DURING THE UNREST IN MINNEAPOLIS, WE HANDED OUT 150 BACKPACKS FILLED WITH SCHOOL SUPPLIES AND WE COLLECTED AND DISTRIBUTED WINTERWEAR TO THOSE WHO NEEDED IT ON THE NORTHSIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lind Chair | 3 | $0 | |
Sara Merrill Treasurer | 3 | $0 | |
Joe France Board Member | 2 | $0 | |
Tanden Brekke Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,531 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,200 |
| Total Revenue | $73,731 |
| 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 | $37,455 |
| Occupancy, rent, utilities, and maintenance | $3,984 |
| Printing, publications, postage, and shipping | $2,631 |
| Other expenses | $37,862 |
| Total expenses | $81,932 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,087 |
| Other assets | $0 |
| Total assets | $55,674 |
| Total liabilities | $10,000 |
| Net assets or fund balances | $45,674 |