Mn350 EIN 45-2754381

Mn350

EIN  45-2754381 Public charity (501(c)(3)) Minneapolis, MN
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Size
$100K–1M
What they do
Inspires Minnesotans to address the climate crisis through action and engagement.
Leadership
Theresa McClenty · Executive Director · $115K
Money in and out
$718K revenue, $1.2M expenses
Bottom line
67% program efficiency

Inspires Minnesotans to address the climate crisis through action and engagement. For fiscal year 2024 it reported $718K in revenue, $1.2M in expenses, and $555K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$718K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$555K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$433K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.25 Fundraising $0.08
Program efficiency
67%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate▼ -52% vs prior filing year
Surplus margin
-60%
revenue over expenses, this year▼ -239% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$718K
FY2024▼ -38%
Expenses
$1.2M
FY2024▼ -15%
Total assets
$601K
FY2024▼ -42%
Total liabilities
$45K
FY2024▼ -5%
Total revenue
$718K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$555K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$433K
Total assetsPt X · Ln 16$601K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $775K of program spending, described in the organization's own filed words · FY2024.
01

In 2024, MN350 had a director of community impact position, MW, who streamlined the management of running programs by adapting to its organizational culture. This year presented numerous challenges, including changes in staff, shifting program priorities, leadership transitions, and the looming threat of financial difficulties that could…

$775Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMn350
EINHdr · item D45-2754381
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jwww.mn350.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C05)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Executive Director
$115,080Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Theresa McClenty’s $115K as Executive Director is at the 88th percentile of top reported officer pay among 1981 $100K–1M environment 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Theresa McClenty$115,080$97,356$80,786
Brett Benson$39,669$73,140
Sam Grant$51,606$55,032

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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Statement of Revenue

Part VIII
Contributions & grants$592K · 82%
Program service revenue$104K · 14%
Other revenue$22K · 3%
Contributions & grants82%$592K
Program service revenue14%$104K
Other revenue3%$22K
Investment income$960
— government grantsLn 1e$13K
Total revenueLn 12$718K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.25 Fundraising $0.08
Program services67%$775K
Management & general25%$288K
Fundraising8%$89K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$303K
Total assetsLn 16$601K
Total liabilitiesLn 26$45K
Total net assetsLn 32$555K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $303K · Operating expenses/yr $1.2M
3.2 months
Where the money goes
Program services
Program services $775K · Total expenses $1.2M
67%
Management & General
Management & general $288K · Total expenses $1.2M
25%
Fundraising
Fundraising $89K · Total expenses $1.2M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $79K · Solicited contributions (3-yr avg) $906K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $592K · Total revenue $718K
82%
Government reliance
Government grants $13K · Total revenue $718K
2%
Earned-income share
Program service revenue $104K · Total revenue $718K
14%
Investment reliance
Investment income $960 · Total revenue $718K
0%
Program self-sufficiency
Program service revenue $104K · Total expenses $1.2M
9%
Growth & trend
Revenue growth (YoY)
This year $718K · Prior year $1.1M
-38%
Revenue CAGR
FY2020 $1.6M · FY2024 $718K
-19%
Net-asset trend (YoY)
End of year $555K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $718K · Expenses $1.2M
-60%
Liabilities-to-Assets
Total liabilities — · Total assets $601K
Net-asset ratio
Net assets $555K · Total assets $601K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $601K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Theresa McClenty · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $115K · Total expenses $1.2M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $814K · Total expenses $1.2M
71%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 25%
Fundraising cost ratio 15%
Revenue growth -38%
Legal fee ratio 7%
Accounting fee ratio 1%

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
350 ColoradoFY2025$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 10 grants · $470K · 2020–2022
Unitemized GrantFY2022$16,429
Unitemized GrantFY2021$102,627
Cooperation Cannon RiverMN · FY2021$75,050
Unitemized GrantFY2021$74,650
Honor the EarthMT · FY2021$60,000
Social Good Fund INCCA · FY2021$43,360
UnkitawaWA · FY2021$30,000
Unitemized GrantFY2020$25,500

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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
FY2024 (Latest)$718K revenue · viewing · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$2.8M revenue · ⤓ 990 PDF
FY2020$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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