Upper Midwest Association Promotional Products
- Assets
- $534.7k
- Revenue
- $137.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Woodbury, MN
- Founding
- 09/1992
- Data as of
- 12/2023
- EIN
- 52-1277150
Organization Overview
Upper Midwest Association Promotional Products is located in Woodbury, MN. The organization was established in 1992. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Upper Midwest Association Promotional Products 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 12/2023, Upper Midwest Association Promotional Products generated $137.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $126.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
UMAPP CONTINUALLY WORKS TO ACHIEVE THE HIGHEST STANDARDS OF PROFESSIONALISM AND FOSTER OPPORTUNITY FOR GROWTH IN THE PROMOTIONAL PRODUCTS INDUSTRY. IT OFFERS A GROWING RANGE OF EDUCATIONAL AND BUSINESS RESOURCES TO HELP MEMBERS PROSPER AND ESTABLISH LEADERSHIP POSITIONS IN TODAY'S COMPETITIVE BUSINESS ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE SHOWS - MEMBERS PARTICIPATE IN TABLETOP AND ROOM SHOWS TWO TIMES A YEAR TO MAKE CONTACT WITH OTHER MEMBERS, INTRODUCE THEIR NEW PRODUCTS AND MARKET THEIR EXISTING PRODUCTS. 200-400 ATTENDEES ARE SERVED AT EACH SHOW.
SEMINARS, MEETINGS, SPECIAL EVENTS - APPROXIMATELY 24 PROFESSIONAL DEVELOPMENT WEBINARS AND A SMALL NUMBER OF CASUAL NETWORKING EVENTS, PLUS A FACTORY TOUR AND AN OCCASIONAL IN-PERSON EDUCATION EVENT ARE HELD EACH YEAR FOR THE MEMBERS. 20-40 ATTENDEES ARE SERVED AT THESE IN-PERSON EVENTS, A VARYING NUMBER FOR THE WEBINARS AND 30-40 FOR THE FACTORY TOURS AND EDUCATION EVENTS. A NEW ADDITION TO THIS PROGRAM IS A LUNCHEON EVENT WHERE SUPPLIERS MAKE 30-MINUTE PRESENTATIONS TO A GROUP OF DISTRIBUTORS.
EDUCATION - ONE $1,000 SCHOLARSHIP IS AVAILABLE TO A COLLEGE STUDENT EARNING CONTINUING EDUCATION CREDITS. THIS SCHOLARSHIP IS GIVEN TO PROMOTE EDUCATION AND OUR INDUSTRY. ONE $500 SCHOLARSHIP IS AVAILABLE TO AN INDIVIDUAL TO PURSUE THEIR INDUSTRY DESIGNATION THROUGH CEUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taylor Borst President | OfficerTrustee | 1 | $0 |
Sabrina Franz Immediate Past President | OfficerTrustee | 1 | $0 |
Chris Babiash Vice President/treasurer | OfficerTrustee | 1 | $0 |
Misty Friedrichs Secretary | OfficerTrustee | 1 | $0 |
Hillary Feder Board Member | Trustee | 1 | $0 |
Jamie Johnson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,340 |
| 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 | $3,340 |
| Total Program Service Revenue | $122,433 |
| Investment income | $11,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,760 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $225 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,189 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $701 |
| Advertising and promotion | $0 |
| Office expenses | $5,183 |
| Information technology | $2,413 |
| Royalties | $0 |
| Occupancy | $6,172 |
| Travel | $408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,834 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,152 |
| All other expenses | $549 |
| Total functional expenses | $126,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,025 |
| Savings and temporary cash investments | $464,881 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,783 |
| 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 | $5,030 |
| 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 | $534,719 |
| Accounts payable and accrued expenses | $1,275 |
| Grants payable | $0 |
| Deferred revenue | $56,548 |
| 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 | $57,823 |
| 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 | $476,896 |
| Total liabilities and net assets/fund balances | $534,719 |