Downtown Minneapolis Neighborhood Association Inc
- Assets
- $71.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/1996
- Data as of
- 12/2023
- EIN
- 41-1824933
Organization Overview
Downtown Minneapolis Neighborhood Association Inc is located in Minneapolis, MN. The organization was established in 1996. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, 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. Downtown Minneapolis Neighborhood Association Inc 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, Downtown Minneapolis Neighborhood Association Inc generated $104.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $194.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 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
PROGRAMS FUNDED BY THE CITY OF MINNEAPOLIS TO PROMOTE ARTS, CULTURE, AND EDUCATION; ENHANCE THE FEELING OF SAFETY;IMPROVE AND EXPAND GREEN SPACES, AND SUPPORT PEOPLE WHO ARE EXPERIENCING OR TRANSITIONING OUT OF HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Walsh President | 3 | $0 | |
Isaac Risseeuw Vice-President | 3 | $0 | |
Abby Larson Treasurer | 3 | $0 | |
Carletta Sweet Secretary | 3 | $0 | |
Steve Arnold Board Member | 2 | $0 | |
Kristen Hansen Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,822 |
| Total Program Service Revenue | $911 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $104,733 |
| 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 | $57,825 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $126 |
| Other expenses | $123,098 |
| Total expenses | $194,869 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,466 |
| Other assets | $0 |
| Total assets | $71,466 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,466 |
Grants Awarded
Over the last fiscal year, Downtown Minneapolis Neighborhood Association Inc has awarded $195,361 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PEOPLE SERVING PEOPLE PURPOSE: Security cameras for neighborod | $6,676 |
NORTHSTAR LOFTS PURPOSE: Historic sign rehab | $170,440 |
SWERVO PURPOSE: Lighting for neighborhood building | $18,245 |