Upper Midwest Association Promotional Products
- Assets
- $544.2k
- Revenue
- $114.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Woodbury, MN
- Founding
- 09/1992
- Data as of
- 12/2021
- 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 12/2021, Upper Midwest Association Promotional Products generated $114.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $114.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 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
2021
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. FOR 2021, A VIRTUAL TRADE SHOW WAS ADDED DUE TO COVID. APPROXIMATELY 100 PEOPLE AND 50 EXHIBITORS ATTENDED THE VIRTUAL TRADE 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.
EDUCATION ONE $1,000 SCHOLARSHIP WAS AWARDED TO A COLLEGE STUDENT EARNING CONTINUING EDUCATION CREDITS BUT WAS PAID OUT IN THE PREVIOUS YEAR. THIS SCHOLARSHIP WAS GIVEN TO PROMOTE EDUCATION AND OUR INDUSTRY. ONE $500 SCHOLARSHIP WAS AWARDED TO AN INDIVIDUAL TO PURSUE THEIR INDUSTRY DESIGNATION THROUGH CEUS, BUT HAS NOT YET BEEN UTILIZED BY THE STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyssa Inkrott President | OfficerTrustee | 1 | $0 |
Kent Dunham Immediate Past President | OfficerTrustee | 1 | $0 |
Sabrina Franz Vice President/treasurer | OfficerTrustee | 1 | $0 |
Rob Lindholm Secretary | OfficerTrustee | 1 | $0 |
Chris Babiash Board Member | Trustee | 1 | $0 |
Misty Friedrichs Board Member | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $74,794 |
| Investment income | $36,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $268 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,045 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $793 |
| Advertising and promotion | $0 |
| Office expenses | $8,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,021 |
| Travel | $107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,017 |
| All other expenses | $39 |
| Total functional expenses | $113,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,291 |
| Savings and temporary cash investments | $494,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,890 |
| 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 | $5,809 |
| 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 | $544,233 |
| Accounts payable and accrued expenses | $100 |
| Grants payable | $0 |
| Deferred revenue | $40,510 |
| 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 | $40,610 |
| 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 | $503,623 |
| Total liabilities and net assets/fund balances | $544,233 |
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