Empowers Minnesota independent schools with training, resources, and advocacy for student-centered learning.
For fiscal year 2025 it reported $729K in revenue, $699K in expenses, and $923K in net assets.Pt I
Where the money goes · FY2025
Total revenue
$729K
Pt VIII · Ln 12
Total expenses
$699K
Pt IX · Ln 25
Net assets
$923K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $30K
Where spending went · Part IX cols B–D
67%
24%
Program services $0.67 Management & general $0.24 Fundraising $0.09
Program efficiency
67%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
15.4mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▼ -84% vs prior filing year
Summary of the Filing
Part I · fiscal year 2025 · Form 990
Revenue
$729K
FY2025▼ -17%
$882K$441K$0
FY2020FY2025
Expenses
$699K
FY2025▲ +7%
$781K$391K$0
FY2020FY2025
Total assets
$960K
FY2025▲ +1%
$960K$480K$0
FY2020FY2025
Total liabilities
$37K
FY2025▼ -30%
$134K$67K$0
FY2020FY2025
Total revenue
$729K
Pt VIII · Ln 12
Total expenses
$699K
Pt IX · Ln 25
Net assets
$923K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$960K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 416
Mission & Programs · Part III
Where the work happens
3 program services account for $406K of program spending, described in the organization's own filed words · FY2024.
01
Minndependent empowers schools to fulfill their missions by connecting them to opportunities for funding, support and know-how to expand and improve their stem or other high-priority PROGRAMS.MINNDEPENDENT'S stem program has three components: (1) stem grants that support schools to create, improve and expand stem offerings for students…
$156Kprogram expense
02
Minndependent membership consisted of 181 schools serving 41,352 students. Total membership consisted of 95 schools that serve elementary grades (k-8), 21 schools that serve grades (k-12), 4 schools that serve grades (7-12), 20 schools that serve high school grades (9-12), and 41 schools that serve unique grade ranges (k-12).
$142Kprogram expense
03
Our professional development program matches schools with exceptional content providers to inspire learning, fuel innovation and create transformative education experiences that convey best practices and address challenges impacting the sector.
Tim Benz’s $166K as President
is at the 97th percentile of top reported officer pay among 1616 $100K–1M education 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 · 1 named individual · Part VII
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.
Individual Tim Benz · Reported title PRESIDENT · Highest reported compensation $166K · Total expenses $699K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $347K · Total expenses $699K
50%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
67%
—
—
Overhead ratio
24%
—
—
Fundraising cost ratio
13%
—
—
Revenue growth
-17%
—
—
Accounting fee ratio
10%
—
—
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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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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