Nations INC

IRS exemption revoked

Aitkin, MNUnknown exempt organization EIN 46-4345643Revenue $348K in FY2020Latest return filed Apr 13, 2021

On file with the IRSnationsinc.orgAitkin, MN

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Nations mission is to bring economic development to impoverished and low income communities thru its fund generating programs in entertainment fund raising, festival sponsorship fund raising that both promote renewable and sustainable responsibility formats in accordance to our charter. Nations has sponsored 60+ events since its launch via its nine product sets and ticketing software services.

10¢ of each $1 spent went to programs.
Run by 12 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $1.9M a year · 34% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
10%
of spending
Concern: 10% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$502K
to officers and key staff · 43% of spending
Concern: pay to officers and key staff is 43% of spending; over 30%.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$348K
-97% vs prior year
Spent
$1.2M
To programs
10%
Net assets
$126K
By yearFY2019–FY2020
Revenue
$348K
FY2020▼ -97%
Tap a bar for its year
Revenue by fiscal year
FY2019$10.7M
FY2020$348K
Expenses
$1.2M
FY2020▼ -81%
Tap a bar for its year
Expenses by fiscal year
FY2019$6.1M
FY2020$1.2M
Net assets
$126K
FY2020▼ -98%
Tap a bar for its year
Net assets by fiscal year
FY2019$6.5M
FY2020$126K

From the FY2020 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

10 cents of each dollar spent went to programs.

Program services 10% · $118K Management & general 90% · $1.1M

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

15 people listed on the 990; $502K paid to officers and key staff.

Part VII, Section A · reportable compensation
Stage & Security Manager
$95,000Pt VII · Sec A
Agency
$87,400Pt VII · Sec A
Promotor Stage Manager
$65,400Pt VII · Sec A
$65,000Pt VII · Sec A
$62,000Pt VII · Sec A
Box Office Manager
$43,560Pt VII · Sec A
$38,500Pt VII · Sec A
Production
$33,050Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2020FY2019
Doug Thornton$95,000$95,000
Jazzdust$87,400$87,400
Rick Campbell$65,400$65,400
William Forder$65,000$65,000
Kelly Heathcote—$62,500
Jeff Blanchette$62,000$62,000
Sherry Doran—$45,600
Ashley Hellrung$43,560$43,560

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.

See Nations INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Generates funds through entertainment and festivals to support economic development in low-income communities.

Questions for Nations INC

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3 programs · $118K · in their own filed words · FY2020
01

www.2100club.com

$118Kprogram expense
02

www.7flagseventcenter.com

Pt IX · col B
03

www.basis.tv

Pt IX · col B

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2022 · $6.6M federal money spent
Shuttered Venue Operators Grant ProgramSmall Business Administration · ALN 59.075 · Direct$6.6M

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$348K
Ln 12
Fees for servicesLn 2g$335K
Other incomeLn 4–11$13K
Money outPt IX
$1.2M
Ln 25
Programscol B$118K
Managementcol C$1.1M
Owns and owesPt X
$126K
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
15
listed · VII A
PaidVII A9
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$335K
Other incomeLn 4–11$13K
Total revenueLn 12$348K
Assets in detailPt X, end of year
CashLn 1$34K
Cash and savings togetherLn 1–2$34K
Accounts receivableLn 4$18K
Land, buildings, equipmentLn 10c$1.7M
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.6M
Net assetsLn 32$126K
OperationsPt I, VI
EmployeesI 512
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$482K$34K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$1.8M$1.7M
Total assetsLn 16$8.3M$1.7M
LiabilitiesLn 26$1.8M$1.6M
Net assetsLn 32$6.5M$126K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$908K$0$908K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$89K$0$89K$0
Accounting feesLn 11c$19K$0$19K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$37K$0$37K$0
Office expensesLn 13$2K$0$2K$0
Information technologyLn 14$8K$0$8K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$118K$118K$0$0
InsuranceLn 23$0$0$0$0
Total functional expensesLn 25$1.2M$118K$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS Apr 13, 2021 $348K$1.2M−$832K$126K 990 PDF
FY2019Filed with the IRS Apr 8, 2021 $10.7M$6.1M$4.6M$6.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $348,283 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $923,442$0
I-9 Program service revenuePrior year $4,500,934$334,850
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $5,272,664$13,433
I-12 Total revenuePrior year $10,697,040$348,283
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $907,550$907,550
I-16a Professional fundraising feesPrior year $4,126,600$0
I-17 Other expensesPrior year $1,050,265$273,069
I-18 Total expensesPrior year $6,084,415$1,180,619
I-19 Revenue less expensesPrior year $4,612,625−$832,336
Part VI · Governance 0 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $348,283 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $334,850 · Unrelated business $0 · Excluded from tax $0$334,850
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$13,433
VIII-12 Total revenueRelated to mission $334,850 · Unrelated business $0 · Excluded from tax $0$348,283
Part IX · Statement of functional expenses $1,180,619 across 25 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $907,550 · Fundraising $0$907,550
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $88,530 · Fundraising $0$88,530
IX-11c Accounting feesPrograms $0 · Management $18,730 · Fundraising $0$18,730
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $37,290 · Fundraising $0$37,290
IX-13 Office expensesPrograms $0 · Management $2,180 · Fundraising $0$2,180
IX-14 Information technologyPrograms $0 · Management $8,100 · Fundraising $0$8,100
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $118,239 · Management $0 · Fundraising $0$118,239
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $118,239 · Management $1,062,380 · Fundraising $0$1,180,619
Part X · Balance sheet $1,702,752 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $481,800$33,570
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $6,000,179$17,650
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $1,830,854$1,651,532
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $8,312,833$1,702,752
X-17 Accounts payable and accrued expensesStart of year $800,854$750,890
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $204,500$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $415,000$415,000
X-24 Unsecured notes and loans payableStart of year $410,500$410,500
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $1,830,854$1,576,390
X-27 Net assets without donor restrictionsStart of year $6,481,979$126,362
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $6,481,979$126,362
X-33 Total liabilities and net assetsStart of year $8,312,833$1,702,752
Part XI · Reconciliation of net assets $126,362 net assets at year end
XI-1 Total revenue$348,283
XI-2 Total expenses$1,180,619
XI-3 Revenue less expenses−$832,336
XI-4 Net assets at start of year$6,481,979
XI-5 Net unrealized gains (losses) on investments−$5,188,431
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$334,850
XI-10 Net assets at end of year$126,362

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

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