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Minnesota Construction Association

Not tax-deductible

Minneapolis, MN501(c)(6)Community DevelopmentEIN 41-1837782Revenue $203K in FY2024

On file with the IRSmnconstruction.org4248 Park Glen Rd, 55416-4758 · Minneapolis, MNTax-exempt since Jan 2017

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To provide an opportunity for continuing education and dialogue for Construction managers, architects, Construction owners and developers involved directly in Construction management.

15¢ of each $1 spent went to programs.
Run by 50 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 surplus $6K a year · 4% 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
15%
of spending
Concern: 15% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 18.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$113K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$203K
+13% vs prior year
Spent
$176K
To programs
15%
Net assets
$172K
By yearFY2020–FY2024
Revenue
$203K
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$111K
FY2021$119K
FY2022$162K
FY2023$180K
FY2024$203K
Expenses
$176K
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$117K
FY2021$122K
FY2022$151K
FY2023$179K
FY2024$176K
Net assets
$172K
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$135K
FY2021$132K
FY2022$143K
FY2023$144K
FY2024$172K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2017.

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

Where the money goes

15 cents of each dollar spent went to programs.

Program services 15% · $26K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Patrick North
President
$0Pt VII · Sec A
John Petersen
Vice President
$0Pt VII · Sec A
Kerry Boyd
Treasurer
$0Pt VII · Sec A
Ryan Klick
Secretary
$0Pt VII · Sec A
Corey Bronczyk
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
David Borak
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Minnesota Construction 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

Offers continuing education and dialogue for construction professionals.

Provided by the organization

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2 programs · $26K · in their own filed words · FY2024
01

Monthly programs for continuing education and dialogue for people in construction positions.

$25Kprogram expense
02

Leadership training academy- leadership and soft skills training for both young and seasoned professionals including competitions and hands-on learning opportunities for students.

$609program 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 · 5 grants · $57K · 2020–2024
Unitemized GrantFY2024$13,000
Unitemized GrantFY2023$12,000
Unitemized GrantFY2022$12,000
Unitemized GrantFY2021$10,000
Unitemized GrantFY2020$10,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$203K
Ln 12
Fees for servicesLn 2g$141K
Other incomeLn 4–11$55K
Investment incomeLn 3$7K
Money outPt IX
$176K
Ln 25
Programscol B$26K
Owns and owesPt X
$172K
net assets · Ln 32
Cash and savingsLn 1–2$278K
Total assetsLn 16$284K
LiabilitiesLn 26$113K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$141K
Investment incomeLn 3$7K
Other incomeLn 4–11$55K
Total revenueLn 12$203K
Assets in detailPt X, end of year
CashLn 1$103K
SavingsLn 2$175K
Cash and savings togetherLn 1–2$278K
Total assetsLn 16$284K
LiabilitiesLn 26$113K
Net assetsLn 32$172K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
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$239K$278K
Total assetsLn 16$243K$284K
LiabilitiesLn 26$99K$113K
Net assetsLn 32$144K$172K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$13K
Management feesLn 11a$53K
Accounting feesLn 11c$2K
Information technologyLn 14$5K
Conferences, conventions and meetingsLn 19$401
InsuranceLn 23$963
Other expenses (24a–d)Ln 24$96K
All other expensesLn 24e$6K
Total functional expensesLn 25$176K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $203K$176K$27K$172K 990 PDF
FY2023 $180K$179K$1K$144K 990 PDF
FY2022 $162K$151K$11K$143K 990 PDF
FY2021 $119K$122K−$3K$132K 990 PDF
FY2020 $111K$117K−$7K$135K 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 $203,027 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $101,479$140,838
I-10 Investment incomePrior year $2,177$7,212
I-11 Other revenuePrior year $76,652$54,977
I-12 Total revenuePrior year $180,308$203,027
I-13 Grants and similar amounts paidPrior year $12,000$13,000
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 $166,841$162,788
I-18 Total expensesPrior year $178,841$175,788
I-19 Revenue less expensesPrior year $1,467$27,239
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $203,027 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $140,838$140,838
VIII-3 Investment incomeExcluded from tax $7,212$7,212
VIII-8 Net income from fundraising eventsExcluded from tax $53,427$53,427
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,550$1,550
VIII-12 Total revenueRelated to mission $140,838 · Unrelated business $1,550 · Excluded from tax $60,639$203,027
Part IX · Statement of functional expenses $175,788 across 8 lines filed
IX-2 Grants to domestic individuals$13,000
IX-11a Management fees$52,853
IX-11c Accounting fees$2,380
IX-14 Information technology$5,116
IX-19 Conferences, conventions and meetings$401
IX-23 Insurance$963
IX-24 Other expenses (24a–d)$95,567
IX-24e All other expenses$5,508
IX-25 Total functional expenses$175,788
Part X · Balance sheet $284,114 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $71,022$102,675
X-2 Savings and temporary cash investmentsStart of year $167,651$174,864
X-4 Accounts receivableStart of year $1,913$6,575
X-9 Prepaid expenses and deferred chargesStart of year $2,900$0
X-16 Total assetsStart of year $243,486$284,114
X-17 Accounts payable and accrued expensesStart of year $11,592$6,598
X-19 Deferred revenueStart of year $87,602$105,985
X-26 Total liabilitiesStart of year $99,194$112,583
X-27 Net assets without donor restrictionsStart of year $144,292$171,531
X-32 Total net assets or fund balancesStart of year $144,292$171,531
X-33 Total liabilities and net assetsStart of year $243,486$284,114
Part XI · Reconciliation of net assets $171,531 net assets at year end
XI-1 Total revenue$203,027
XI-2 Total expenses$175,788
XI-3 Revenue less expenses$27,239
XI-4 Net assets at start of year$144,292
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$171,531

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

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