Catalyst Community Partners EIN 26-1870077 Form 990 (PDF) Claim this org

Catalyst Community Partners FY2020 filing

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Revitalizes distressed commercial areas by developing vacant properties and fostering sustainable businesses. For fiscal year 2020 it reported $950K in revenue, $784K in expenses, and $1.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Minneapolis, MN
Website
www.catalystcommunitypartners.org
Filings
5 on file (2020–2020)
Revenue
$950KFY2020
Expenses
$784K
Net assets
$1.3M
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-1870077 Public charity (501(c)(3)) Minneapolis, MN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Revitalizes distressed commercial areas by developing vacant properties and fostering sustainable businesses.
Leadership
Stuart Ackerberg · Board Chair
Money in and out
$950K revenue, $784K expenses
Bottom line
95% program efficiency
Where the money goes · FY2020
Total revenue
$950K
Pt VIII · Ln 12
Total expenses
$784K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $165K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$950K
FY2020
Expenses
$784K
FY2020
Total assets
$5.3M
FY2020
Total liabilities
$4.0M
FY2020
Total revenue
$950K
Pt VIII · Ln 12
Total expenses
$784K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$165K
Total assetsPt X · Ln 16$5.3M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCatalyst Community Partners
EINHdr · item D26-1870077
Principal addressHdr · item CMinneapolis, MN
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFJan 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Catalyst Community Partners executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $745K of program spending, described in the organization's own filed words · FY2020.
01

Commercial property revitalization since 2004, catalyst has completed 12 commercial projects in the west broadway area of north minneapolis, more than any other organization. Catalyst brings blighted, often historic properties back into service and creates jobs for local and minority construction workers.

$716Kprogram expense
02

Business development catalyst's redevelopment efforts brought an estimated in excess of 250 jobs and more than 40 employers to north minneapolis in the past eight years. Catalyst's kindred kitchen food incubator program supports local food entrepreneurs in launching and growing their small businesses.

$18Kprogram expense
03

Community engagement catalyst promotes a comprehensive approach to community development by facilitating a community development committee and collaborating with multiple agencies and partners.

$11Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$950K
Total revenueLn 12$950K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$745K
Management & general5%$39K
Total functional expensesLn 25$784K

Balance Sheet

Part X · end of year
CashLn 1$446K
Total assetsLn 16$5.3M
Total liabilitiesLn 26$4.0M
Total net assetsLn 32$1.3M
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $446K · Operating expenses/yr $784K
6.8 months
Where the money goes
Program services
Program services $745K · Total expenses $784K
95%
Management & General
Management & general $39K · Total expenses $784K
5%
Fundraising
Fundraising $0 · Total expenses $784K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $950K
0%
Government reliance
Government grants — · Total revenue $950K
Earned-income share
Program service revenue $950K · Total revenue $950K
100%
Investment reliance
Investment income $0 · Total revenue $950K
0%
Program self-sufficiency
Program service revenue $950K · Total expenses $784K
121%
Growth & trend
Revenue growth (YoY)
This year $950K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $950K · Expenses $784K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $5.3M
Net-asset ratio
Net assets $1.3M · Total assets $5.3M
24%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stuart Ackerberg · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $784K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $784K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$285K revenue · ⤓ 990 PDF
FY2023$181K revenue · ⤓ 990 PDF
FY2022$425K revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$950K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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