Cedar Riverside Neighborhood Revitalization Program FY2022 filing

Tax-deductible

Minneapolis, MN501(c)(3)Community DevelopmentEIN 26-2172513Revenue $263K in FY2022

On file with the IRScrccouncil.org326 Cedar Ave S, 55454-1086 · Minneapolis, MNTax-exempt since May 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Neighborhood revitalization to support residents and stakeholders of the Cedar Riverside neighborhood of Minneapolis

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$78K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $6K a year · 2% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$78K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$263K
+35% vs prior year
Spent
$264K
To programs
63%
Net assets
−$11K
By yearFY2020–FY2024
Revenue
$263K
FY2022▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$258K
FY2021$194K
FY2022$263K
FY2023$492K
FY2024$595K
Expenses
$264K
FY2022▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2020$265K
FY2021$193K
FY2022$264K
FY2023$497K
FY2024$613K
Net assets
−$11K
FY2022▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020−$13K
FY2021−$10K
FY2022−$11K
FY2023−$11K
FY2024$6K

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 (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2011.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $166K Management & general 34% · $89K Fundraising 3% · $9K

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

16 people listed on the 990; $78K paid to officers and key staff.

Part VII, Section A · reportable compensation
Co Executive Director
$39,000Pt VII · Sec A
Co Executive Director
$39,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Aj Awed’s $97K as Executive Director is at the 70th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Aj Awed$96,973$36,500$39,000$38,100—
David Alderson————$47,400
Jama Bosteya————$46,334
Tola Vann——$39,000$40,600—
Tola Van—$36,500———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cedar Riverside Neighborhood Revitalization Program 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

Revitalizes neighborhoods to support residents and stakeholders in Cedar Riverside.

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Provided by the organization

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1 program · $166K · in their own filed words · FY2022
01

Neighborhood revitalization to support residents and stakeholders of the West Bank neighborhood of Minneapolis Provide culturally appropriate tools and resources to promote civic engagement, leadership development, and equitable access to economic and educational opportunities for all its constituents

$166Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$40K
Grants paid · 1 grant · $8K · 2023–2023

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$263K
Ln 12
Gifts and grantsLn 1h$263K
Investment incomeLn 3$1
Money outPt IX
$264K
Ln 25
Programscol B$166K
Managementcol C$89K
Fundraisingcol D$9K
Owns and owesPt X
−$11K
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$11K
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$263K
Government grantsLn 1e$263K
Investment incomeLn 3$1
Total revenueLn 12$263K
Assets in detailPt X, end of year
CashLn 1$0
Total assetsLn 16$0
LiabilitiesLn 26$11K
Net assetsLn 32−$11K
OperationsPt I, VI
EmployeesI 53
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$16K$0
Total assetsLn 16$16K$0
LiabilitiesLn 26$25K$11K
Net assetsLn 32−$10K−$11K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$78K$43K$27K$8K
Payroll taxesLn 10$6K$3K$2K$626
Management feesLn 11a$2K$0$2K$0
Accounting feesLn 11c$5K$0$5K$0
Other fees for servicesLn 11g$61K$61K$0$0
Office expensesLn 13$5K$0$5K$0
Information technologyLn 14$7K$7K$0$0
OccupancyLn 16$8K$4K$3K$752
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$91K$48K$43K$0
Total functional expensesLn 25$264K$166K$89K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $595K$613K−$18K$6K 990 PDF
FY2023 $492K$497K−$5K−$11K 990 PDF
FY2022 Viewing $263K$264K−$1K−$11K 990 PDF
FY2021 $194K$193K$902−$10K 990 PDF
FY2020 $258K$265K−$7K−$13K 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 FY2022 990 (6 parts)
Part I · Summary $263,087 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $187,115$263,086
I-9 Program service revenuePrior year $7,052$0
I-10 Investment incomePrior year $3$1
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $194,170$263,087
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $96,888$84,257
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $96,380$180,069
I-18 Total expensesPrior year $193,268$264,326
I-19 Revenue less expensesPrior year $902−$1,239
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $263,087 across 7 lines filed
VIII-1e Government grants$262,802
VIII-1f All other contributions, gifts and grants$284
VIII-1h Total contributions, gifts and grants$263,086
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1$1
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1$263,087
Part IX · Statement of functional expenses $264,326 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $42,900 · Management $27,300 · Fundraising $7,800$78,000
IX-10 Payroll taxesPrograms $3,441 · Management $2,190 · Fundraising $626$6,257
IX-11a Management feesPrograms $0 · Management $1,843 · Fundraising $0$1,843
IX-11c Accounting feesPrograms $0 · Management $5,233 · Fundraising $0$5,233
IX-11g Other fees for servicesPrograms $61,086 · Management $0 · Fundraising $0$61,086
IX-13 Office expensesPrograms $0 · Management $5,149 · Fundraising $0$5,149
IX-14 Information technologyPrograms $6,924 · Management $0 · Fundraising $0$6,924
IX-16 OccupancyPrograms $4,142 · Management $2,636 · Fundraising $752$7,530
IX-23 InsurancePrograms $0 · Management $1,743 · Fundraising $0$1,743
IX-24 Other expenses (24a–d)Programs $47,679 · Management $42,882 · Fundraising $0$90,561
IX-25 Total functional expensesPrograms $166,172 · Management $88,976 · Fundraising $9,178$264,326
Part X · Balance sheet $0 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $15,892$0
X-16 Total assetsStart of year $15,892$0
X-17 Accounts payable and accrued expenses$743
X-19 Deferred revenueStart of year $10,000$10,000
X-24 Unsecured notes and loans payableStart of year $15,397$0
X-26 Total liabilitiesStart of year $25,397$10,743
X-27 Net assets without donor restrictionsStart of year −$9,505−$10,743
X-32 Total net assets or fund balancesStart of year −$9,505−$10,743
X-33 Total liabilities and net assetsStart of year $15,892$0
Part XI · Reconciliation of net assets −$10,743 net assets at year end
XI-1 Total revenue$263,087
XI-2 Total expenses$264,326
XI-3 Revenue less expenses−$1,239
XI-4 Net assets at start of year−$9,505
XI-10 Net assets at end of year−$10,743

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

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