Minndependent EIN 41-1267531 Form 990 (PDF) Claim this org

Minndependent FY2022 filing

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Empowers Minnesota independent schools with training, resources, and advocacy for student-centered learning. For fiscal year 2022 it reported $725K in revenue, $637K in expenses, and $533K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Minneapolis, MN
Website
www.minndependent.org
Filings
5 on file (2020–2022)
Revenue
$725KFY2022
Expenses
$637K
Net assets
$533K
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  41-1267531 Public charity (501(c)(3)) Minneapolis, MN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Empowers Minnesota independent schools with training, resources, and advocacy for student-centered learning.
Leadership
Tim Benz · President · $152K
Money in and out
$725K revenue, $637K expenses
Bottom line
54% program efficiency
Where the money goes · FY2022
Total revenue
$725K
Pt VIII · Ln 12
Total expenses
$637K
Pt IX · Ln 25
Net assets
$533K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $88K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.38 Fundraising $0.08
Program efficiency
54%
of spending reaches programs
Operating runway
7.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$725K
FY2022▼ -5%
Expenses
$637K
FY2022▼ -18%
Total assets
$543K
FY2022▲ +7%
Total liabilities
$10K
FY2022▼ -93%
Total revenue
$725K
Pt VIII · Ln 12
Total expenses
$637K
Pt IX · Ln 25
Net assets
$533K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$88K
Total assetsPt X · Ln 16$543K
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 418

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMinndependent
EINHdr · item D41-1267531
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jwww.minndependent.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B192)
Ruling yearIRS BMFMar 1976

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$152,460Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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

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

NameFY2025FY2024FY2023FY2022FY2020
Tim Benz$165,584$168,529$148,540$152,460$135,909

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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Mission & Programs · Part III

Where the work happens

3 program services account for $302K of program spending, described in the organization's own filed words · FY2021.
01

The minndependent stem program, now in its fifteenth year, builds school and teacher capacity and support hands-on stem learning in classrooms. Minndependent's stem program has three mutually reinforcing COMPONENTS:1.

$130Kprogram expense
02

Minndependent membership is 172 schools serving 39,205 students. Out of the total member schools, 89 serve elementary grades (k-8), 21 schools serve high school grades (9-12), and 62 schools serve a combination that include secondary grades (k-12, 6-12, etc.)

$98Kprogram expense
03

In september, 2021, fifty one (51) school leaders and administrators attended minndependent's sixteenth annual school leadership conference. In addition to school leaders, participants included session presenters and event exhibitors.

$75Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$517K · 71%
Program service revenue$207K · 29%
Contributions & grants71%$517K
Program service revenue29%$207K
Investment income$376
— government grantsLn 1e$71K
Total revenueLn 12$725K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.38 Fundraising $0.08
Program services54%$346K
Management & general38%$242K
Fundraising8%$49K
Total functional expensesLn 25$637K

Balance Sheet

Part X · end of year
CashLn 1$418K
Total assetsLn 16$543K
Total liabilitiesLn 26$10K
Total net assetsLn 32$533K
Months of cash on handcomputed7.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $418K · Operating expenses (Pt IX) $637K · Less non-cash grants $209 · Cash operating expenses/yr $637K
7.9 months
Where the money goes
Program services
Program services $346K · Total expenses $637K
54%
Management & General
Management & general $242K · Total expenses $637K
38%
Fundraising
Fundraising $49K · Total expenses $637K
8%
Cost to raise $1
Fundraising expense (2-yr avg) $48K · Solicited contributions (2-yr avg) $507K
$0.09 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $517K · Total revenue $725K
71%
Government reliance
Government grants $71K · Total revenue $725K
10%
Earned-income share
Program service revenue $207K · Total revenue $725K
29%
Investment reliance
Investment income $376 · Total revenue $725K
+0.05%
Program self-sufficiency
Program service revenue $207K · Total expenses $637K
33%
Growth & trend
Revenue growth (YoY)
This year $725K · Prior year $762K
-5%
Net-asset trend (YoY)
End of year $533K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $725K · Expenses $637K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $543K
Net-asset ratio
Net assets $533K · Total assets $543K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $543K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tim Benz · Reported title PRESIDENT · Highest reported compensation $152K · Total expenses $637K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $364K · Total expenses $637K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 38%
Fundraising cost ratio 9%
Revenue growth -5%
Accounting fee ratio 5%

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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$1K
Grants paid · 5 grants · $33K · 2019–2019
St Jude of the LakeFY2019$6,915
Sacred Heart High SchoolFY2019$6,615
West Lutheran High SchoolMN · FY2019$6,467

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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
FY2025 (Latest)$729K revenue · ⤓ 990 PDF
FY2024$882K revenue · ⤓ 990 PDF
FY2023$813K revenue · ⤓ 990 PDF
FY2022$725K revenue · viewing · ⤓ 990 PDF
FY2021not on file
FY2020$762K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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