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Minneapolis Next FY2020 filing

Tax-deductible

Plymouth, MN501(c)(3)Youth DevelopmentEIN 41-1917087

Fund educational, extra-curricular, tutorial, recreational and other enrichment programming for determined, hard-working at-risk youth in the minneapolis-st. Paul community. These young people show exceptional desire and ability to succeed in life. We give them the opportunities and tools they need to achieve their goals and pursue their dreams. Provide financial and emotional support to low-income families to make choices in education and activities, despite their socio-economic standing and we insist that families invest too: the scholarships we provide are partial, requiring a tuition contribution from each student's family. We partner with them, getting them involved in the educational experiences of their children. This is key to our success, and sets minneapolis next apart from other organizations.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
0 of 5
filings with a surplus
Average deficit $32K a year · 104% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$53K
Spent
$62K
To programs
100%
Net assets
$380K
By yearFY2020–FY2024
Revenue
$53K
FY2020
Revenue by fiscal year
FY2020$53K
FY2021$28K
FY2022$15K
FY2023$29K
FY2024$30K
Expenses
$62K
FY2020
Expenses by fiscal year
FY2020$62K
FY2021$52K
FY2022$76K
FY2023$74K
FY2024$52K
Net assets
$380K
FY2020
Net assets by fiscal year
FY2020$380K
FY2021$356K
FY2022$295K
FY2023$250K
FY2024$228K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1999.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $62K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Stephen R Schaefer
Board Member
$0Pt VII · Sec A
Matthew Cronin
Board Member
$0Pt VII · Sec A
Howard Root
Board Member
$0Pt VII · Sec A
See Minneapolis Next 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

Supports at-risk youth with educational and enrichment programs, fostering their success.

Provided by the organization

This section is blank until Minneapolis Next claims this page.

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1 program service account for $62K of program spending, described in the organization's own filed words · FY2020.
01

Fund educational, extra-curricular, tutorial, recreational and other enrichment programming for determined, hard-working at-risk youth in the minneapolis-st. Paul community. These young people show exceptional desire and ability to succeed in life.

$62Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2020
The Guenther and Jennifer Z Roth Foundation C/O US BankFY2020$25K
Total grants receivedfrom 1 funder$25K
Grants paid · 10 grants · $316K · 2020–2024
Unitemized GrantFY2024$50,000
Unitemized GrantFY2024$2,000
Unitemized GrantFY2023$71,000
Unitemized GrantFY2023$3,000
Unitemized GrantFY2022$71,000
Unitemized GrantFY2022$5,000
Unitemized GrantFY2021$46,000
Unitemized GrantFY2021$5,500
Unitemized GrantFY2020$55,000
Unitemized GrantFY2020$7,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$53K
Ln 12
Gifts and grantsLn 1h$51K
Investment incomeLn 3$2K
Money outPt IX
$62K
Ln 25
Programscol B$62K
Owns and owesPt X
$380K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$380K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51K
Investment incomeLn 3$2K
Gains on assetsLn 7$24
Total revenueLn 12$53K
Assets in detailPt X, end of year
CashLn 1$80K
Cash and savings togetherLn 1–2$80K
InvestmentsLn 11–13$300K
Total assetsLn 16$380K
LiabilitiesLn 26$0
Net assetsLn 32$380K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY20End FY20
Cash and savingsLn 1–2$53K$80K
InvestmentsLn 11–13$337K$300K
Total assetsLn 16$390K$380K
LiabilitiesLn 26$0$0
Net assetsLn 32$390K$380K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$62K$62K
Investment management feesLn 11f$175$175
Other expenses (24a–d)Ln 24$51$51
Total functional expensesLn 25$62K$62K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $30K$52K−$22K$228K 990 PDF
FY2023 $29K$74K−$45K$250K 990 PDF
FY2022 $15K$76K−$61K$295K 990 PDF
FY2021 $28K$52K−$24K$356K 990 PDF
FY2020 Viewing $53K$62K−$10K$380K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $52,631 across 5 lines filed
VIII-1f All other contributions, gifts and grants$50,974
VIII-1h Total contributions, gifts and grants$50,974
VIII-3 Investment incomeExcluded from tax $1,633$1,633
VIII-7 Net gain or loss on sales of assetsExcluded from tax $24$24
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,657$52,631
Part IX · Statement of functional expenses $62,226 across 3 lines filed
IX-2 Grants to domestic individualsPrograms $62,000$62,000
IX-11f Investment management feesPrograms $175$175
IX-24 Other expenses (24a–d)Programs $51$51
IX-25 Total functional expensesPrograms $62,226 · Management $0 · Fundraising $0$62,226
Part X · Balance sheet $379,951 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $52,533$79,956
X-13 Program-related investmentsStart of year $336,984$299,995
X-16 Total assetsStart of year $389,517$379,951
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $118,475$379,951
X-32 Total net assets or fund balancesStart of year $389,517$379,951
X-33 Total liabilities and net assetsStart of year $389,517$379,951
Part XI · Reconciliation of net assets $379,951 net assets at year end
XI-1 Total revenue$52,631
XI-2 Total expenses$62,226
XI-3 Revenue less expenses−$9,595
XI-4 Net assets at start of year$389,517
XI-5 Net unrealized gains (losses) on investments$29
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$379,951

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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