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Naiop Minnesota Chapter

Not tax-deductible

Minneapolis, MN501(c)(6)EIN 41-1390015Revenue $671K in FY2024

On file with the IRSnaiopmn.org4248 Park Glen Rd, 55416-4758 · Minneapolis, MNTax-exempt since Feb 1981

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Naiop Minnesota is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. IT provides unparalleled industry networking and education, advocates for effective legislation and advances responsible, sustainable development that creates jobs and benefits the communities in which our members work and live.

70¢ of each $1 spent went to programs.
Run by 95 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
3 of 5
filings with a surplus
Average deficit $12K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$86K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$671K
+0.1% vs prior year
Spent
$724K
To programs
70%
Net assets
$751K
By yearFY2020–FY2024
Revenue
$671K
FY2024+0.1%
Tap a bar for its year
Revenue by fiscal year
FY2020$580K
FY2021$690K
FY2022$664K
FY2023$670K
FY2024$671K
Expenses
$724K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$639K
FY2021$657K
FY2022$645K
FY2023$669K
FY2024$724K
Net assets
$751K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$751K
FY2021$784K
FY2022$803K
FY2023$804K
FY2024$751K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1981.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $504K Fundraising 2% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Marc Nanne
Vice President
$0Pt VII · Sec A
Ross Dahlin
Treasurer
$0Pt VII · Sec A
Jim Hoopes
Immediate Past President
$0Pt VII · Sec A
Nicole Haapala
Board Member
$0Pt VII · Sec A
Paul Hyde
Board Member
$0Pt VII · Sec A
Sam Dagit
Board Member
$0Pt VII · Sec A
Jill Rasmussen
Board Member
$0Pt VII · Sec A
See Naiop Minnesota Chapter 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

Connects real estate professionals, educates on industry trends, and advocates for responsible development.

Questions for Naiop Minnesota Chapter

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Provided by the organization

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3 programs · $504K · in their own filed words · FY2024
01

Public policy -the purpose of our public policy service is to improve the business environment in which minnesota business tenants operate and to advance the interests of naiop minnesota chapter's commercial real estate developer, builidng owner and investor members.

$261Kprogram expense
02

Programming -the purpose of naiop minnesota chapter's programming is to provide relevant educational opportunities to its members.

$140Kprogram expense
03

Social networking -the purpose of naiop minnesota chapter's social networking is to provide opportunities for naiop members and industry professionals to interact.

$102Kprogram expense

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 · $26K · 2021–2024
Naiop Minnesota Chapter Community FundMN · FY2024$14,000
Naiop Minnesota Chapter Community FundMN · FY2021$12,245

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$671K
Ln 12
Gifts and grantsLn 1h$411K
Fees for servicesLn 2g$260K
Other incomeLn 4–11$512
Money outPt IX
$724K
Ln 25
Programscol B$504K
Fundraisingcol D$17K
Owns and owesPt X
$751K
net assets · Ln 32
Cash and savingsLn 1–2$808K
Total assetsLn 16$836K
LiabilitiesLn 26$86K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$411K
Fundraising eventsLn 1c$17K
Fees for servicesLn 2g$260K
Other incomeLn 4–11$512
Total revenueLn 12$671K
Assets in detailPt X, end of year
CashLn 1$558K
SavingsLn 2$250K
Cash and savings togetherLn 1–2$808K
Total assetsLn 16$836K
LiabilitiesLn 26$86K
Net assetsLn 32$751K
OperationsPt I, VI
EmployeesI 50
VolunteersI 695
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$904K$808K
Total assetsLn 16$916K$836K
LiabilitiesLn 26$112K$86K
Net assetsLn 32$804K$751K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K
Management feesLn 11a$159K
Accounting feesLn 11c$11K
Lobbying feesLn 11d$88K
Other fees for servicesLn 11g$112K
Office expensesLn 13$3K
Information technologyLn 14$17K
Conferences, conventions and meetingsLn 19$12K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$279K
All other expensesLn 24e$26K
Total functional expensesLn 25$724K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $671K$724K−$53K$751K 990 PDF
FY2023 $670K$669K$693$804K 990 PDF
FY2022 $664K$645K$19K$803K 990 PDF
FY2021 $690K$657K$33K$784K 990 PDF
FY2020 $580K$639K−$59K$751K 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 $670,978 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $412,326$410,546
I-9 Program service revenuePrior year $257,737$259,920
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$512
I-12 Total revenuePrior year $670,063$670,978
I-13 Grants and similar amounts paidPrior year $1,000$15,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $68,384$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $599,986$709,147
I-18 Total expensesPrior year $669,370$724,147
I-19 Revenue less expensesPrior year $693−$53,169
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $670,978 across 6 lines filed
VIII-1c Fundraising events$16,750
VIII-1f All other contributions, gifts and grants$393,796
VIII-1h Total contributions, gifts and grants$410,546
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $259,920$259,920
VIII-8 Net income from fundraising eventsExcluded from tax $512$512
VIII-12 Total revenueRelated to mission $259,920 · Unrelated business $0 · Excluded from tax $512$670,978
Part IX · Statement of functional expenses $724,147 across 11 lines filed
IX-1 Grants to domestic organizations$15,000
IX-11a Management fees$159,187
IX-11c Accounting fees$10,655
IX-11d Lobbying fees$88,500
IX-11g Other fees for services$111,556
IX-13 Office expenses$3,254
IX-14 Information technology$16,923
IX-19 Conferences, conventions and meetings$11,626
IX-23 Insurance$2,571
IX-24 Other expenses (24a–d)$278,639
IX-24e All other expenses$26,236
IX-25 Total functional expenses$724,147
Part X · Balance sheet $836,283 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $903,950$558,330
X-2 Savings and temporary cash investments$250,000
X-4 Accounts receivableStart of year $1,761$19,650
X-9 Prepaid expenses and deferred chargesStart of year $10,377$8,303
X-16 Total assetsStart of year $916,088$836,283
X-17 Accounts payable and accrued expensesStart of year $46,802$41,030
X-19 Deferred revenueStart of year $65,579$44,715
X-26 Total liabilitiesStart of year $112,381$85,745
X-27 Net assets without donor restrictionsStart of year $803,707$750,538
X-32 Total net assets or fund balancesStart of year $803,707$750,538
X-33 Total liabilities and net assetsStart of year $916,088$836,283
Part XI · Reconciliation of net assets $750,538 net assets at year end
XI-1 Total revenue$670,978
XI-2 Total expenses$724,147
XI-3 Revenue less expenses−$53,169
XI-4 Net assets at start of year$803,707
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$750,538

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

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