Minnesota Land Title Association
- Assets
- $496.4k
- Revenue
- $244.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hastings, MN
- Founding
- 03/1965
- Data as of
- 12/2022
- EIN
- 41-6022792
Organization Overview
Minnesota Land Title Association is located in Hastings, MN. The organization was established in 1965. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Land Title 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 12/2022, Minnesota Land Title Association generated $244.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $265.8k during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND PROMOTION OF THE TITLE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF DIRECTORY & ABSTRACT MANUAL
EDUCATION SEMINARS-OPEN TO THE PUBLIC
ANNUAL CONVENTION-MEMBERS ONLY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Latasha Schipper Executive Assistant | OfficerTrustee | 10 | $14,583 |
Richard Welshons Sec/treasurer | OfficerTrustee | 5 | $9,500 |
Annmarie Arens Past President | OfficerTrustee | 1 | $0 |
Jody Schimek President | OfficerTrustee | 1 | $0 |
Dawn Anderson Board Member | Trustee | 1 | $0 |
Gavin Winter Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $142,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,750 |
| Total Program Service Revenue | $99,465 |
| Investment income | $623 |
| 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 | $244,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,323 |
| Compensation of current officers, directors, key employees. | $24,323 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,027 |
| Fees for services: Accounting | $300 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $293 |
| Information technology | $10,043 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,131 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,609 |
| All other expenses | $0 |
| Total functional expenses | $265,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,257 |
| Savings and temporary cash investments | $492,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $496,447 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $496,447 |
| Total liabilities and net assets/fund balances | $496,447 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Boards Of Certification Urbandale, IA | $3,964,322 | $2,334,146 |
Soil And Water Conservation Society Ankeny, IA | $2,576,417 | $1,462,946 |
South Dakota Association Of Conservations Districts Inc Pierre, SD | $639,652 | $1,367,306 |
International Association For Impact Assessment Inc Fargo, ND | $2,307,865 | $941,963 |
Minnesota Association Of Soil And Saint Paul, MN | $222,511 | $659,867 |
Alliance Of Hazardous Materials Professionals Inc Saint Paul, MN | $93,392 | $319,870 |
North American Lake Management Society Madison, WI | $669,492 | $480,405 |
Legend Lake Property Owner Association Inc Keshena, WI | $606,281 | $381,234 |
Minnesota Land Title Association Hastings, MN | $496,447 | $244,638 |
Federation Of Environment Technologists Inc Germantown, WI | $106,813 | $252,079 |
Wisconsin Wastewater Operators Association Oak Creek, WI | $155,908 | $247,813 |
Iowa Land Improvement Contractors Assn Des Moines, IA | $632,319 | $188,995 |