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Nacm North Central FY2022 filing

Not tax-deductible

St Louis Park, MN501(c)(6)Community DevelopmentEIN 80-0802201

To help business credit professionals and their companies make better decisions.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · 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
5 of 5
filings with a surplus
Average surplus $32K a year · 7% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
16 mo
of spending, in cash
Looks good: 16.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$270K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$439K
-2% vs prior year
Spent
$421K
Net assets
$771K
By yearFY2021–FY2025
Revenue
$439K
FY2022▼ -2%
Revenue by fiscal year
FY2021$446K
FY2022$439K
FY2023$440K
FY2024$461K
FY2025$448K
Expenses
$421K
FY2022▼ -1%
Expenses by fiscal year
FY2021$426K
FY2022$421K
FY2023$415K
FY2024$412K
FY2025$401K
Net assets
$771K
FY2022▼ -3%
Net assets by fiscal year
FY2021$798K
FY2022$771K
FY2023$779K
FY2024$694K
FY2025$726K

From the FY2022 Form 990 (year ending April 2022) · see the original

Give Claim
You’re viewing the FY2022 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 Mar 2013.

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Kristin Caswell
First Vice Chair
$0Pt VII · Sec A
Craig Pluff
Second Vice Chair
$0Pt VII · Sec A
Judy Perttula
Councilor
$0Pt VII · Sec A
$0Pt VII · Sec A
Nathan Hutton
National Board Rep Until 12/31/21
$0Pt VII · Sec A
Bennett Krenik
National Board Rep Since 1/1/22
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nacm North Central 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 15aYes

Programs and updates

Empowers business credit professionals to make smarter company decisions.

Provided by the organization

This section is blank until Nacm North Central claims this page.

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1 program service, described in the organization's own filed words · FY2021.
01

Seminars and Membership Meetings

Provide education and support services to association members related to commercial credit matters.

Pt IX · col B

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By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$439K
Ln 12
Fees for servicesLn 2g$417K
Investment incomeLn 3$12K
Other incomeLn 4–11$11K
Money outPt IX
$421K
Ln 25
Owns and owesPt X
$771K
net assets · Ln 32
Cash and savingsLn 1–2$564K
Total assetsLn 16$1.0M
LiabilitiesLn 26$270K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$417K
Investment incomeLn 3$12K
Other incomeLn 4–11$11K
Gains on assetsLn 7$2K
Total revenueLn 12$439K
Assets in detailPt X, end of year
CashLn 1$141K
SavingsLn 2$423K
Cash and savings togetherLn 1–2$564K
InvestmentsLn 11–13−$92K
Other assetsLn 15$568K
Total assetsLn 16$1.0M
LiabilitiesLn 26$270K
Net assetsLn 32$771K
OperationsPt I, VI
EmployeesI 50
VolunteersI 659
Fiscal year endsHeaderApril
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 FY22End FY22
Cash and savingsLn 1–2$413K$564K
InvestmentsLn 11–13$98K−$92K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$282K$270K
Net assetsLn 32$798K$771K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$396K
Investment management feesLn 11f$5K
Payments to affiliatesLn 21$20K
Total functional expensesLn 25$421K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $448K$401K$47K$726K 990 PDF
FY2024 $461K$412K$49K$694K 990 PDF
FY2023 $440K$415K$25K$779K 990 PDF
FY2022 Viewing $439K$421K$18K$771K 990 PDF
FY2021 $446K$426K$21K$798K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $438,863 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $416,501$416,501
VIII-3 Investment incomeExcluded from tax $9,238$9,238
VIII-5 RoyaltiesExcluded from tax $10,740$10,740
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,384$2,384
VIII-12 Total revenueRelated to mission $416,501 · Unrelated business $0 · Excluded from tax $22,362$438,863
Part IX · Statement of functional expenses $420,734 across 3 lines filed
IX-11a Management fees$395,677
IX-11f Investment management fees$4,707
IX-21 Payments to affiliates$20,350
IX-25 Total functional expenses$420,734
Part X · Balance sheet $1,040,430 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $137,801$140,741
X-2 Savings and temporary cash investmentsStart of year $275,337$423,236
X-11 Publicly traded securitiesStart of year $505,833$342,326
X-12 Other securitiesStart of year −$408,034−$434,204
X-15 Other assetsStart of year $569,076$568,331
X-16 Total assetsStart of year $1,080,013$1,040,430
X-19 Deferred revenueStart of year $281,813$269,853
X-26 Total liabilitiesStart of year $281,813$269,853
X-27 Net assets without donor restrictionsStart of year $798,200$770,577
X-32 Total net assets or fund balancesStart of year $798,200$770,577
X-33 Total liabilities and net assetsStart of year $1,080,013$1,040,430
Part XI · Reconciliation of net assets $770,577 net assets at year end
XI-1 Total revenue$438,863
XI-2 Total expenses$420,734
XI-3 Revenue less expenses$18,129
XI-4 Net assets at start of year$798,200
XI-5 Net unrealized gains (losses) on investments−$19,581
XI-9 Other changes in net assets−$26,171
XI-10 Net assets at end of year$770,577

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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