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

Minndependent FY2023 filing

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Empowers Minnesota independent schools with training, resources, and advocacy for student-centered learning. For fiscal year 2023 it reported $813K in revenue, $682K in expenses, and $664K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Minneapolis, MN
Website
www.minndependent.org
Filings
5 on file (2020–2023)
Revenue
$813KFY2023
Expenses
$682K
Net assets
$664K
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 FY2023 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 · $149K
Money in and out
$813K revenue, $682K expenses
Bottom line
64% program efficiency
Where the money goes · FY2023
Total revenue
$813K
Pt VIII · Ln 12
Total expenses
$682K
Pt IX · Ln 25
Net assets
$664K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $131K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.27 Fundraising $0.09
Program efficiency
64%
of spending reaches programs
Operating runway
8.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$813K
FY2023▲ +12%
Expenses
$682K
FY2023▲ +7%
Total assets
$724K
FY2023▲ +33%
Total liabilities
$60K
FY2023▲ +527%
Total revenue
$813K
Pt VIII · Ln 12
Total expenses
$682K
Pt IX · Ln 25
Net assets
$664K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$131K
Total assetsPt X · Ln 16$724K
Program-expense ratioPt IX · col B64%
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 (FY2022); the FY2023 filing did not itemize Part VII
President
$148,540Pt VII · Sec A
Vice Chair
$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 $387K of program spending, described in the organization's own filed words · FY2022.
01

We empower 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 by providing…

$166Kprogram expense
02

Minndependent membership consisted of 165 schools serving 38,370 students. Total membership consisted of 86 schools that serve elementary grades (k-8), 21 schools that serve grades (k-12), 3 schools that serve grades (7-12), 19 schools that serve high school grades (9-12), and 40 schools that serve unique grade ranges (k-12).

$117Kprogram 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.

$105Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$589K · 72%
Program service revenue$223K · 27%
Contributions & grants72%$589K
Program service revenue27%$223K
Investment income$1K
— government grantsLn 1e$69K
Total revenueLn 12$813K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.27 Fundraising $0.09
Program services64%$434K
Management & general27%$185K
Fundraising9%$63K
Total functional expensesLn 25$682K

Balance Sheet

Part X · end of year
CashLn 1$478K
Total assetsLn 16$724K
Total liabilitiesLn 26$60K
Total net assetsLn 32$664K
Months of cash on handcomputed8.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $478K · Operating expenses/yr $682K
8.4 months
Where the money goes
Program services
Program services $434K · Total expenses $682K
64%
Management & General
Management & general $185K · Total expenses $682K
27%
Fundraising
Fundraising $63K · Total expenses $682K
9%
Cost to raise $1
Fundraising expense (2-yr avg) $56K · Solicited contributions (2-yr avg) $483K
$0.12 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $589K · Total revenue $813K
72%
Government reliance
Government grants $69K · Total revenue $813K
8%
Earned-income share
Program service revenue $223K · Total revenue $813K
27%
Investment reliance
Investment income $1K · Total revenue $813K
+0.2%
Program self-sufficiency
Program service revenue $223K · Total expenses $682K
33%
Growth & trend
Revenue growth (YoY)
This year $813K · Prior year $725K
+12%
Net-asset trend (YoY)
End of year $664K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $813K · Expenses $682K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $724K
Net-asset ratio
Net assets $664K · Total assets $724K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $724K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tim Benz · Reported title PRESIDENT · Highest reported compensation $149K · Total expenses $682K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $300K · Total expenses $682K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 27%
Fundraising cost ratio 11%
Revenue growth 12%
Accounting fee ratio 11%

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 · viewing · ⤓ 990 PDF
FY2022$725K revenue · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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