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Midwest Precast Association FY2022 filing

Orono, MNUnknown exempt organizationEIN 20-4435876Revenue $594K in FY2022

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

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FY2022 · 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
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18K
6% of total assets
Looks good: liabilities are 6% 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
$594K
+22% vs prior year
Spent
$566K
To programs
0%
Net assets
$272K
By yearFY2020–FY2025
Revenue
$594K
FY2022▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$503K
FY2021$489K
FY2022$594K
FY2023$615K
FY2024$613K
FY2025$686K
Expenses
$566K
FY2022▼ -0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$443K
FY2021$570K
FY2022$566K
FY2023$579K
FY2024$528K
FY2025$636K
Net assets
$272K
FY2022▲ +12%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Education and awareness of precast industry

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$594K
Ln 12
Fees for servicesLn 2g$594K
Money outPt IX
$566K
Ln 25
Owns and owesPt X
$272K
net assets · Ln 32
Cash and savingsLn 1–2$172K
Total assetsLn 16$290K
LiabilitiesLn 26$18K
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$594K
Total revenueLn 12$594K
Assets in detailPt X, end of year
CashLn 1$172K
Cash and savings togetherLn 1–2$172K
Total assetsLn 16$290K
LiabilitiesLn 26$18K
Net assetsLn 32$272K
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 FY22End FY22
Cash and savingsLn 1–2$168K$172K
Total assetsLn 16$263K$290K
LiabilitiesLn 26$20K$18K
Net assetsLn 32$243K$272K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$207K
Payroll taxesLn 10$12K
Legal feesLn 11b$11K
Accounting feesLn 11c$2K
Advertising and promotionLn 12$11K
Office expensesLn 13$11K
TravelLn 17$17K
Conferences, conventions and meetingsLn 19$23K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$254K
All other expensesLn 24e$15K
Total functional expensesLn 25$566K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $686K$636K$50K$442K 990 PDF
FY2024 $613K$528K$85K$393K 990 PDF
FY2023 $615K$579K$36K$308K 990 PDF
FY2022 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $594,142 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $488,708$594,142
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $488,708$594,142
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $214,972$218,779
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $354,733$346,835
I-18 Total expensesPrior year $569,705$565,614
I-19 Revenue less expensesPrior year −$80,997$28,528
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 $594,142 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $594,142$594,142
VIII-12 Total revenueRelated to mission $594,142$594,142
Part IX · Statement of functional expenses $565,614 across 11 lines filed
IX-7 Other salaries and wages$207,186
IX-10 Payroll taxes$11,593
IX-11b Legal fees$11,226
IX-11c Accounting fees$2,160
IX-12 Advertising and promotion$10,991
IX-13 Office expenses$11,431
IX-17 Travel$16,618
IX-19 Conferences, conventions and meetings$23,109
IX-23 Insurance$2,135
IX-24 Other expenses (24a–d)$253,771
IX-24e All other expenses$15,394
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$565,614
Part X · Balance sheet $289,590 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $168,315$172,372
X-4 Accounts receivableStart of year $94,687$117,218
X-16 Total assetsStart of year $263,002$289,590
X-17 Accounts payable and accrued expensesStart of year $19,882$17,942
X-26 Total liabilitiesStart of year $19,882$17,942
X-27 Net assets without donor restrictionsStart of year $243,120$271,648
X-32 Total net assets or fund balancesStart of year $243,120$271,648
X-33 Total liabilities and net assetsStart of year $263,002$289,590
Part XI · Reconciliation of net assets $271,648 net assets at year end
XI-1 Total revenue$594,142
XI-2 Total expenses$565,614
XI-3 Revenue less expenses$28,528
XI-4 Net assets at start of year$243,120
XI-10 Net assets at end of year$271,648

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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