Hourglass FY2024 filing

Not tax-deductible

Chanhassen, MN501(c)(6)Science & TechnologyEIN 46-2632398Revenue $2.7M in FY2024

On file with the IRSmmsmoa.com7730 Laredo Dr Unit 804, 55317-1239 · Chanhassen, MNTax-exempt since Apr 2015

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We aim to focus on technical training across all system center microsoft products, current and upcoming releases, new features and technological trends, and the real-world challenges to success.

Mission: Form 990 Part I, line 1

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $238K a year · 14% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 17.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$770K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+8% vs prior year
Spent
$1.5M
To programs
0%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$2.7M
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$9K
FY2021$503K
FY2022$1.7M
FY2023$2.5M
FY2024$2.7M
FY2025$3.1M
Expenses
$1.5M
FY2024▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2020$214K
FY2021$841K
FY2022$1.2M
FY2023$2.3M
FY2024$1.5M
FY2025$3.1M
Net assets
$2.0M
FY2024▲ +156%
Tap a bar for its year
Net assets by fiscal year
FY2020$429K
FY2021$91K
FY2022$589K
FY2023$793K
FY2024$2.0M
FY2025$2.1M

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

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2015.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President & Treasurer
$0Pt VII · Sec A

Brian P Mason’s $160K as President & Treasurer is at the 39th percentile of top reported officer pay among 363 $1–10M science & technology 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

NameFY2025FY2023FY2022FY2021FY2020
Brian P Mason$160,000$120,000$164,000——
Brian Mason———$40,000$127,000
Greg Ramsey—$48,000$68,000$19,892$50,000

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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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

Trains people on Microsoft System Center products, new features, and real-world challenges.

Provided by the organization

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1 program · in their own filed words · FY2024
01

Conferences

Annual conferences around the country provide a community driven forum for sharing best practices regarding systmes management tools and methodologies.

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$2K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$40K
Money outPt IX
$1.5M
Ln 25
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$2.8M
LiabilitiesLn 26$770K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$40K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$98K
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.1M
Other assetsLn 15$2K
Total assetsLn 16$2.8M
LiabilitiesLn 26$770K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.3M$2.1M
Total assetsLn 16$1.4M$2.8M
LiabilitiesLn 26$636K$770K
Net assetsLn 32$793K$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$168K
Accounting feesLn 11c$1K
Other fees for servicesLn 11g$49K
Advertising and promotionLn 12$21K
TravelLn 17$5K
Other expenses (24a–d)Ln 24$1.2M$1.2M
Total functional expensesLn 25$1.5M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.1M$3.1M$31K$2.1M 990 PDF
FY2024 Viewing $2.7M$1.5M$1.2M$2.0M 990 PDF
FY2023 $2.5M$2.3M$204K$793K 990 PDF
FY2022 $1.7M$1.2M$497K$589K 990 PDF
FY2021 $503K$841K−$338K$91K 990 PDF
FY2020 $9K$214K−$204K$429K 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 $2,698,320 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,484,500$2,658,810
I-10 Investment incomePrior year $16,507$39,510
I-11 Other revenue$0
I-12 Total revenuePrior year $2,501,007$2,698,320
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $168,000$168,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,129,130$1,293,393
I-18 Total expensesPrior year $2,297,130$1,461,393
I-19 Revenue less expensesPrior year $203,877$1,236,927
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction 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
Part VIII · Statement of revenue $2,698,320 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,658,810$2,658,810
VIII-3 Investment incomeExcluded from tax $39,510$39,510
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,658,810 · Unrelated business $0 · Excluded from tax $39,510$2,698,320
Part IX · Statement of functional expenses $1,461,393 across 6 lines filed
IX-5 Pay of current officers, directors and key staff$168,000
IX-11c Accounting fees$1,363
IX-11g Other fees for services$49,017
IX-12 Advertising and promotion$21,110
IX-17 Travel$4,691
IX-24 Other expenses (24a–d)Programs $1,217,212$1,217,212
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,461,393
Part X · Balance sheet $2,800,009 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $568,196$98,433
X-2 Savings and temporary cash investmentsStart of year $760,224$2,041,352
X-9 Prepaid expenses and deferred chargesStart of year $31,400$657,856
X-15 Other assetsStart of year $2,368$2,368
X-16 Total assetsStart of year $1,428,862$2,800,009
X-17 Accounts payable and accrued expensesStart of year $1,948$525
X-19 Deferred revenueStart of year $634,002$769,645
X-26 Total liabilitiesStart of year $635,950$770,170
X-27 Net assets without donor restrictionsStart of year $792,912$2,029,839
X-32 Total net assets or fund balancesStart of year $792,912$2,029,839
X-33 Total liabilities and net assetsStart of year $1,428,862$2,800,009
Part XI · Reconciliation of net assets $2,029,839 net assets at year end
XI-1 Total revenue$2,698,320
XI-2 Total expenses$1,461,393
XI-3 Revenue less expenses$1,236,927
XI-4 Net assets at start of year$792,912
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,029,839

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

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