Minnesota Beta Corporation
- Assets
- $347.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/1946
- Data as of
- 12/2023
- EIN
- 41-6048418
Organization Overview
Minnesota Beta Corporation is located in Minneapolis, MN. The organization was established in 1946. According to its NTEE Classification (S47) the organization is classified as: Real Estate 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. Minnesota Beta Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2023, Minnesota Beta Corporation generated $144.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $160.6k during the year ending 12/2023. While expenses have increased by 6.6% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDES FRATERNITY HOUSING, ENVIRONMENT, AND ACTIVITIES TO PROMOTE THE SOCIAL, INTELLECTUAL, AND EDUCATIONALWELFARE FOR ITS STUDENT MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Terrell President | 3 | $0 | |
Tanner Pekach Treasurer | 3 | $0 | |
Jeff Stuhr Property Manager | 3 | $0 | |
Andrew Rovig Legal | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $144,409 |
| Membership dues | $0 |
| Investment income | $109 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $144,518 |
| 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 | $1,529 |
| Occupancy, rent, utilities, and maintenance | $66,208 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $92,891 |
| Total expenses | $160,628 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $127,650 |
| Other assets | $0 |
| Total assets | $346,982 |
| Total liabilities | $185,737 |
| Net assets or fund balances | $161,245 |