Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2009.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
59 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
3 people listed on the 990.
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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
Revitalizes distressed commercial areas by developing vacant properties and fostering sustainable businesses.
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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.
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.
Community engagement catalyst promotes a comprehensive approach to community development by facilitating a community development committee and collaborating with multiple agencies and partners.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $900K |
| Land, buildings, equipmentLn 10c | $1.8M | $1.7M |
| Total assetsLn 16 | $3.1M | $2.6M |
| LiabilitiesLn 26 | $2.1M | $1.9M |
| Net assetsLn 32 | $947K | $726K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $232K | $232K | ||
| Accounting feesLn 11c | $10K | $10K | ||
| Other fees for servicesLn 11g | $13K | $13K | ||
| InterestLn 20 | $52K | $47K | $5K | |
| Depreciation, depletion and amortizationLn 22 | $83K | $83K | ||
| InsuranceLn 23 | $9K | $6K | $2K | |
| Other expenses (24a–d)Ln 24 | $169K | $169K | ||
| All other expensesLn 24e | $78K | $78K | ||
| Total functional expensesLn 25 | $646K | $383K | $263K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $285K | $437K | −$153K | $268K | 990 PDF |
| FY2023 | $181K | $486K | −$305K | $421K | 990 PDF |
| FY2022 Viewing | $425K | $646K | −$221K | $726K | 990 PDF |
| FY2021 | $1.1M | $1.4M | −$337K | $947K | 990 PDF |
| FY2020 | $950K | $784K | $165K | $1.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $425,119 across 2 lines filed
Part IX · Statement of functional expenses $646,011 across 8 lines filed
Part X · Balance sheet $2,616,145 assets, 10 lines filed
Part XI · Reconciliation of net assets $726,054 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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