Minnesota Institute For Talented Youth
- Assets
- $1.0m
- Revenue
- $519.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Saint Paul, MN
- Founding
- 01/1967
- Data as of
- 09/2022
- EIN
- 41-6054304
Organization Overview
Minnesota Institute For Talented Youth is located in Saint Paul, MN. The organization was established in 1967. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 09/2022, Minnesota Institute For Talented Youth employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Institute For Talented Youth 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 09/2022, Minnesota Institute For Talented Youth generated $519.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $411.1k during the year ending 09/2022. 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
TO INSPIRE AND CHALLENGE INTELLECTUALLY CURIOUS STUDENTS TO PURSUE THEIR PASSIONS WITHIN A DIVERSE, INCLUSIVE COMMUNITY AND EMPOWER THEM BY BUILDING SKILLS AND RELATIONSHIPS FOR LIFELONG SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MITY PROVIDES TALENTED STUDENTS IN GRADES ONE THROUGH TWELVE A CHALLENGING, INTENSIVE AND STIMULATING EDUCATIONAL OPPORTUNITY. THE INSTITUTE SEEKS OUT EXPERIENCED MASTER TEACHERS WHO FOSTER A LEARNING ATMOSPHERE THAT STIMULATES THOUGHT, INQUIRY AND CREATIVITY. THE CLASSES ARE ALSO DESIGNED BY TEACHERS WHO ARE EXPERTS IN THEIR FIELDS. THE INSTITUTE ALSO OFFERS FULL AND PARTIAL SCHOLARSHIPS TO INDIVIDUALS WHO WOULD OTHERWISE NOT BE ABLE TO PARTICIPATE IN THE PROGRAM. EXPAND YOUR MIND - PROVIDES SUMMER COURSES FOR COMMUTER AND RESIDENTIAL STUDENTS BETWEEN 7TH-12TH GRADERS. COURSES INCLUDE: ART, MEDIA, BUSINESS, LEGAL, ENGINEERING, ALGEBRA, CHEMISTRY, PHYSICS, JOURNALISM, PRE-CALCULUS, COMMUNICATION AND MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Brewinski Executive Director | Officer | 40 | $77,826 |
Andrea Heckel Secretary (former) | OfficerTrustee | 30 | $19,167 |
Nienke Wijnia Secretary (current) | OfficerTrustee | 30 | $3,485 |
Paul Chemlik President | OfficerTrustee | 1 | $0 |
Chad Miller Treasurer | OfficerTrustee | 1 | $0 |
Dan Pennie Vice President | OfficerTrustee | 1 | $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 | $47,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,197 |
| Total Program Service Revenue | $422,231 |
| Investment income | $49,996 |
| 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 | $519,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $39,945 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,009 |
| Compensation of current officers, directors, key employees. | $12,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,472 |
| Pension plan accruals and contributions | $3,022 |
| Other employee benefits | $0 |
| Payroll taxes | $9,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,790 |
| Advertising and promotion | $2,715 |
| Office expenses | $11,127 |
| Information technology | $960 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $576 |
| Insurance | $4,734 |
| All other expenses | $0 |
| Total functional expenses | $411,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,132 |
| Savings and temporary cash investments | $166,503 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,303 |
| 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 | $4,084 |
| Net Land, buildings, and equipment | $384 |
| Investments—publicly traded securities | $807,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,012,345 |
| 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 | $13,335 |
| Total liabilities | $13,335 |
| Net assets without donor restrictions | $560,991 |
| Net assets with donor restrictions | $438,019 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,012,345 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Minnesota Institute For Talented Youth has recieved totaling $15,800.
| Awarding Organization | Amount |
|---|---|
Metropolitan Consortium Of Community Developers Minneapolis, MN PURPOSE: COVID RELIEF GRANT | $15,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Jamf Nation Global Foundation Minneapolis, MN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $300 |
Endowment Analysis
| Beg. Balance | $937,282 |
| Earnings | -$129,343 |
| Ending Balance | $807,939 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Transitions Chartered School Minneapolis, MN | $28,235,035 | $63,864,968 |
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
College Possible Saint Paul, MN | $23,283,310 | $31,201,183 |
Midwest Dairy Association Saint Paul, MN | $7,228,337 | $23,101,295 |
Und Sports Facilities Inc Grand Forks, ND | $57,543,376 | $14,333,337 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
St Paul City School St Paul, MN | $6,285,490 | $9,442,026 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Minnesota Society Of Certified Public Accountants Bloomington, MN | $11,208,207 | $6,449,608 |