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Midwest Precast Association

Orono, MNUnknown exempt organizationEIN 20-4435876Revenue $686K in FY2025

On file with the IRSmidwestprecast.com135 Luce Line Trail · Orono, MN

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Educaton and awareness of the Precast industry

Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $30K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$686K
+12% vs prior year
Spent
$636K
To programs
0%
Net assets
$442K
By yearFY2020–FY2025
Revenue
$686K
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$503K
FY2021$489K
FY2022$594K
FY2023$615K
FY2024$613K
FY2025$686K
Expenses
$636K
FY2025▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$443K
FY2021$570K
FY2022$566K
FY2023$579K
FY2024$528K
FY2025$636K
Net assets
$442K
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$324K
FY2021$243K
FY2022$272K
FY2023$308K
FY2024$393K
FY2025$442K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Mike Johnsrud
Pres/Exec Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Enterprise Precast
At-Large Sou
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Midwest Precast Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates and raises awareness about the precast concrete industry.

Provided by the organization

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1 program · in their own filed words · FY2025
01

Education and awareness of precast industry

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$686K
Ln 12
Fees for servicesLn 2g$686K
Investment incomeLn 3$23
Money outPt IX
$636K
Ln 25
Owns and owesPt X
$442K
net assets · Ln 32
Cash and savingsLn 1–2$303K
Total assetsLn 16$458K
LiabilitiesLn 26$15K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$686K
Investment incomeLn 3$23
Total revenueLn 12$686K
Assets in detailPt X, end of year
CashLn 1$303K
Cash and savings togetherLn 1–2$303K
Total assetsLn 16$458K
LiabilitiesLn 26$15K
Net assetsLn 32$442K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$305K$303K
Total assetsLn 16$444K$458K
LiabilitiesLn 26$51K$15K
Net assetsLn 32$393K$442K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$228K
Payroll taxesLn 10$14K
Legal feesLn 11b$257
Accounting feesLn 11c$4K
Office expensesLn 13$5K
TravelLn 17$19K
Conferences, conventions and meetingsLn 19$36K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$321K
All other expensesLn 24e$7K
Total functional expensesLn 25$636K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $686K$636K$50K$442K 990 PDF
FY2024 $613K$528K$85K$393K 990 PDF
FY2023 $615K$579K$36K$308K 990 PDF
FY2022 $594K$566K$29K$272K 990 PDF
FY2021 $489K$570K−$81K$243K 990 PDF
FY2020 $503K$443K$60K$324K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $685,983 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $612,456$685,960
I-10 Investment incomePrior year $787$23
I-11 Other revenue$0
I-12 Total revenuePrior year $613,243$685,983
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $236,977$242,187
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $291,369$394,131
I-18 Total expensesPrior year $528,346$636,318
I-19 Revenue less expensesPrior year $84,897$49,665
Part VI · Governance 6 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $685,983 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $685,960$685,960
VIII-3 Investment incomeRelated to mission $23$23
VIII-12 Total revenueRelated to mission $685,983$685,983
Part IX · Statement of functional expenses $636,318 across 10 lines filed
IX-7 Other salaries and wages$228,406
IX-10 Payroll taxes$13,781
IX-11b Legal fees$257
IX-11c Accounting fees$3,699
IX-13 Office expenses$5,124
IX-17 Travel$19,483
IX-19 Conferences, conventions and meetings$35,953
IX-23 Insurance$1,537
IX-24 Other expenses (24a–d)$321,203
IX-24e All other expenses$6,875
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$636,318
Part X · Balance sheet $457,530 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $304,628$302,861
X-4 Accounts receivableStart of year $138,944$154,669
X-16 Total assetsStart of year $443,572$457,530
X-17 Accounts payable and accrued expensesStart of year $51,029$15,322
X-26 Total liabilitiesStart of year $51,029$15,322
X-27 Net assets without donor restrictionsStart of year $392,543$442,208
X-32 Total net assets or fund balancesStart of year $392,543$442,208
X-33 Total liabilities and net assetsStart of year $443,572$457,530
Part XI · Reconciliation of net assets $442,208 net assets at year end
XI-1 Total revenue$685,983
XI-2 Total expenses$636,318
XI-3 Revenue less expenses$49,665
XI-4 Net assets at start of year$392,543
XI-10 Net assets at end of year$442,208

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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