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Minnesota Precision Manufacturing Association

Not tax-deductible

Brooklyn Park, MN501(c)(6)HousingEIN 41-1370233Revenue $973K in FY2024

On file with the IRSmpma.com7700 68th Ave N Ste 12, 55428-2274 · Brooklyn Park, MNTax-exempt since Sep 1958

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Providing information, education and support for the Precision Manufacturing industry

Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 surplus $16K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$69K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$973K
+61% vs prior year
Spent
$829K
Net assets
$160K
By yearFY2020–FY2024
Revenue
$973K
FY2024▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2020$597K
FY2021$593K
FY2022$664K
FY2023$605K
FY2024$973K
Expenses
$829K
FY2024▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$617K
FY2021$608K
FY2022$680K
FY2023$619K
FY2024$829K
Net assets
$160K
FY2024▲ ×158
Tap a bar for its year
Net assets by fiscal year
FY2020$45K
FY2021$30K
FY2022$14K
FY2023−$1K
FY2024$160K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1958.

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

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Mel Enger
Secretary/Treasurer
$0Pt VII · Sec A
John Madsen
Director/Past Chair
$0Pt VII · Sec A
Jesse Schelitzche
Director/Past Chair
$0Pt VII · Sec A
Bruce Hanson
Director/Past Chair
$0Pt VII · Sec A
Brenda Kyle
Director/Past Chair
$0Pt VII · Sec A
Tony Herbst
Director
$0Pt VII · Sec A
See Minnesota Precision Manufacturing Association 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

Educates and supports the precision manufacturing industry with vital information.

Questions for Minnesota Precision Manufacturing Association

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Provided by the organization

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1 program · in their own filed words · FY2024
01

For over 70 years, mpma has been a source of information, education and support for those in the precision manufacturing industry. Our association has over 300 members. Our programs educate manufacturers on best practices within the precision manufacturing industry, and support continuous improvement within minnesota manufacturing…

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $19K · 2020–2020
Upper Midwest Golden Gloves INCMN · FY2020$10,000
Mpma Education Foundation Fka Minnesota Precision ManufacturersMN · FY2020$8,697

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$973K
Ln 12
Fees for servicesLn 2g$491K
Gifts and grantsLn 1h$362K
Other incomeLn 4–11$118K
Money outPt IX
$829K
Ln 25
Owns and owesPt X
$160K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$230K
LiabilitiesLn 26$69K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$362K
Government grantsLn 1e$310K
Fundraising eventsLn 1c$53K
Fees for servicesLn 2g$491K
Investment incomeLn 3$622
Other incomeLn 4–11$118K
Total revenueLn 12$973K
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$2K
Cash and savings togetherLn 1–2$38K
Land, buildings, equipmentLn 10c$121K
Other assetsLn 15$5K
Total assetsLn 16$230K
LiabilitiesLn 26$69K
Net assetsLn 32$160K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$102K$38K
Land, buildings, equipmentLn 10c$0$121K
Total assetsLn 16$226K$230K
LiabilitiesLn 26$227K$69K
Net assetsLn 32−$1K$160K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$556K
Other fees for servicesLn 11g$115K
Advertising and promotionLn 12$44K
Office expensesLn 13$31K
Information technologyLn 14$4K
OccupancyLn 16$7K
TravelLn 17$6K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$54K
All other expensesLn 24e$6K
Total functional expensesLn 25$829K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $973K$829K$144K$160K 990 PDF
FY2023 $605K$619K−$15K−$1K 990 PDF
FY2022 $664K$680K−$16K$14K 990 PDF
FY2021 $593K$608K−$15K$30K 990 PDF
FY2020 $597K$617K−$20K$45K 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 FY2024 990 (6 parts)
Part I · Summary $972,503 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $42,470$362,364
I-9 Program service revenuePrior year $468,247$491,440
I-10 Investment incomePrior year $626$622
I-11 Other revenuePrior year $93,581$118,077
I-12 Total revenuePrior year $604,924$972,503
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $619,497$828,676
I-18 Total expensesPrior year $619,497$828,676
I-19 Revenue less expensesPrior year −$14,573$143,827
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $972,503 across 9 lines filed
VIII-1c Fundraising events$52,847
VIII-1e Government grants$309,517
VIII-1h Total contributions, gifts and grants$362,364
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $339,928 · Unrelated business $151,512$491,440
VIII-3 Investment incomeExcluded from tax $622$622
VIII-5 RoyaltiesExcluded from tax $101,556$101,556
VIII-8 Net income from fundraising eventsExcluded from tax $16,141$16,141
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $380$380
VIII-12 Total revenueRelated to mission $339,928 · Unrelated business $151,892 · Excluded from tax $118,319$972,503
Part IX · Statement of functional expenses $828,676 across 10 lines filed
IX-11a Management fees$555,911
IX-11g Other fees for services$114,925
IX-12 Advertising and promotion$44,216
IX-13 Office expenses$31,251
IX-14 Information technology$3,640
IX-16 Occupancy$7,280
IX-17 Travel$6,430
IX-23 Insurance$4,879
IX-24 Other expenses (24a–d)$54,059
IX-24e All other expenses$6,085
IX-25 Total functional expenses$828,676
Part X · Balance sheet $229,812 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $72,528$36,593
X-2 Savings and temporary cash investmentsStart of year $29,504$1,603
X-3 Pledges and grants receivable$57,282
X-4 Accounts receivableStart of year $111,691$4,966
X-9 Prepaid expenses and deferred chargesStart of year $7,301$3,175
X-10c Land, buildings and equipment, netStart of year $0$121,305
X-15 Other assetsStart of year $5,398$4,888
X-16 Total assetsStart of year $226,422$229,812
X-17 Accounts payable and accrued expensesStart of year $10,901$49,308
X-19 Deferred revenueStart of year $209,822$8,253
X-25 Other liabilitiesStart of year $6,725$11,900
X-26 Total liabilitiesStart of year $227,448$69,461
X-27 Net assets without donor restrictionsStart of year −$1,026$160,351
X-32 Total net assets or fund balancesStart of year −$1,026$160,351
X-33 Total liabilities and net assetsStart of year $226,422$229,812
Part XI · Reconciliation of net assets $160,351 net assets at year end
XI-1 Total revenue$972,503
XI-2 Total expenses$828,676
XI-3 Revenue less expenses$143,827
XI-4 Net assets at start of year−$1,026
XI-8 Prior period adjustments$17,550
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$160,351

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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