Minka INC FY2020 filing

IRS exemption revoked

Elk River, MNUnknown exempt organization EIN 35-2271717Revenue $223K in FY2020

On file with the IRSPo Box 412 · Elk River, MN

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To provide representative payee services for clients and their families across minnesota. Mission is to provide comprehensive flexible financial budgets tailored to fit each persons needs.

100¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $20K a year · 10% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21K
777% of total assets
Concern: liabilities are 777% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$223K
Spent
$238K
To programs
100%
Net assets
−$18K
By yearFY2020–FY2021
Revenue
$223K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$223K
FY2021$191K
Expenses
$238K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$238K
FY2021$215K
Net assets
−$18K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$18K
FY2021−$42K

From the FY2020 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $238K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
$72,000Pt VII · Sec A
Vice Preside
$12,120Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Christine Pastor$72,000$72,000
Theresa Buldoc$12,180$12,120

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.

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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

Manages finances and creates personalized budgets for clients and their families.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Clients have steadily increased over the years.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$223K
Ln 12
Fees for servicesLn 2g$223K
Money outPt IX
$238K
Ln 25
Programscol B$238K
Owns and owesPt X
−$18K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$3K
LiabilitiesLn 26$21K
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$223K
Total revenueLn 12$223K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$20
Total assetsLn 16$3K
LiabilitiesLn 26$21K
Net assetsLn 32−$18K
OperationsPt I, VI
EmployeesI 54
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 FY20End FY20
Cash and savingsLn 1–2$3K
Land, buildings, equipmentLn 10c$108$20
Total assetsLn 16$908$3K
LiabilitiesLn 26$3K$21K
Net assetsLn 32−$2K−$18K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$84K$84K
Other salaries and wagesLn 7$24K$24K
Payroll taxesLn 10$12K$12K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$8K$8K
Office expensesLn 13$32K$32K
OccupancyLn 16$48K$48K
Conferences, conventions and meetingsLn 19$11K$11K
Depreciation, depletion and amortizationLn 22$87$87
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$238K$238K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $191K$215K−$24K−$42K 990 PDF
FY2020 Viewing $223K$238K−$16K−$18K 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 FY2020 990 (6 parts)
Part I · Summary $222,919 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,199$0
I-9 Program service revenuePrior year $217,873$222,919
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $219,072$222,919
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $130,509$120,515
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $91,151$117,950
I-18 Total expensesPrior year $221,660$238,465
I-19 Revenue less expensesPrior year −$2,588−$15,546
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
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 $222,919 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $222,919$222,919
VIII-12 Total revenueRelated to mission $222,919$222,919
Part IX · Statement of functional expenses $238,465 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $84,120$84,120
IX-7 Other salaries and wagesPrograms $24,040$24,040
IX-10 Payroll taxesPrograms $12,355$12,355
IX-11b Legal feesPrograms $1,600$1,600
IX-11c Accounting feesPrograms $2,075$2,075
IX-11g Other fees for servicesPrograms $7,805$7,805
IX-13 Office expensesPrograms $32,074$32,074
IX-16 OccupancyPrograms $48,454$48,454
IX-19 Conferences, conventions and meetingsPrograms $11,414$11,414
IX-22 Depreciation, depletion and amortizationPrograms $87$87
IX-23 InsurancePrograms $8,447$8,447
IX-24 Other expenses (24a–d)Programs $5,994$5,994
IX-25 Total functional expensesPrograms $238,465 · Management $0 · Fundraising $0$238,465
Part X · Balance sheet $2,645 assets, 9 lines filed
X-1 Cash, non-interest-bearing$2,625
X-10c Land, buildings and equipment, netStart of year $108$20
X-16 Total assetsStart of year $908$2,645
X-17 Accounts payable and accrued expensesStart of year $2,326$2,299
X-25 Other liabilitiesStart of year $938$18,248
X-26 Total liabilitiesStart of year $3,264$20,547
X-27 Net assets without donor restrictionsStart of year −$2,356−$17,902
X-32 Total net assets or fund balancesStart of year −$2,356−$17,902
X-33 Total liabilities and net assetsStart of year $908$2,645
Part XI · Reconciliation of net assets −$17,902 net assets at year end
XI-1 Total revenue$222,919
XI-2 Total expenses$238,465
XI-3 Revenue less expenses−$15,546
XI-4 Net assets at start of year−$2,356
XI-10 Net assets at end of year−$17,902

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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