Totals
- Total revenue
- $362,785
- Total expenses
- $816,836
- Contributions and grants received
- $337,981
- Grants paid
- $110,000
- Program service revenue
- $15,394
- Investment income
- $9,410
- Other revenue
- $0
- Total assets, end of year
- $1,499,828
- Total liabilities, end of year
- $460,344
- Net assets or fund balances, end of year
- $1,039,484
- Program services expenses (Part IX)
- $528,428
- Management and general expenses
- $185,870
- Fundraising expenses
- $102,538
- Program service expenses (Part III)
- $528,428
Program services were 64.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$337,981
-
2a · Program service revenue: CONTRACT SERVICES
total $15,394 · related or exempt $15,394
-
3 · Investment income
total $9,410 · related or exempt $9,410
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $110,000 · program services $110,000
-
5 · Compensation of officers, directors and key employees
total $126,555 · program services $126,555
-
7 · Other salaries and wages
total $217,226 · program services $52,991 · management and general $88,128 · fundraising $76,107
-
10 · Payroll taxes
total $62,228 · program services $32,359 · management and general $16,179 · fundraising $13,690
-
11a · Fees: management
total $59,946 · program services $10,819 · management and general $49,127
-
11g · Fees: other
total $950 · program services $494 · management and general $247 · fundraising $209
-
12 · Advertising and promotion
total $6,470 · program services $6,470
-
13 · Office expenses
total $4,272 · program services $153 · management and general $4,119
-
14 · Information technology
total $33,722 · program services $31,297 · management and general $1,853 · fundraising $572
-
16 · Occupancy
total $49,304 · program services $25,638 · management and general $12,819 · fundraising $10,847
-
20 · Interest
total $6,449 · management and general $6,449
-
22 · Depreciation, depletion and amortization
total $2,777 · program services $1,444 · management and general $722 · fundraising $611
-
23 · Insurance
total $1,901 · management and general $1,901
-
24a · Other expenses: BAD DEBT EXPENSE
total $81,353 · program services $81,353
-
24b · Other expenses: TRAINING, CONFERENCES,
total $29,980 · program services $29,980
-
24c · Other expenses: DIRECT PROGRAM EXPENSE
total $10,790 · program services $10,790
-
24d · Other expenses: FOOD & BEVERAGE
total $9,632 · program services $6,609 · management and general $3,023
-
24e · All other expenses
total $3,281 · program services $1,476 · management and general $1,303 · fundraising $502
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $981,313 · end of year $833,907
-
3 · Pledges and grants receivable
beginning of year $785,000 · end of year $447,000
-
4 · Accounts receivable
beginning of year $3,432 · end of year $74,155
-
7 · Other notes and loans receivable
beginning of year $154,519 · end of year $108,256
-
9 · Prepaid expenses and deferred charges
beginning of year $26,792 · end of year $24,952
-
10a · Land, buildings and equipment: cost or other basis
$15,869
-
10b · Land, buildings and equipment: accumulated depreciation
$4,311
-
10c · Land, buildings and equipment, net
beginning of year $8,822 · end of year $11,558
-
14 · Intangible assets
beginning of year $34,443 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $91,050 · end of year $56,484
-
24 · Unsecured notes and loans payable
beginning of year $413,767 · end of year $403,860
-
27 · Net assets without donor restrictions
beginning of year $1,139,504 · end of year $927,484
-
28 · Net assets with donor restrictions
beginning of year $350,000 · end of year $112,000
Mission and programs · 2022
Mission
SEE SCHEDULE O
Activities or mission (Part I)
MNI SOTA FUND'S MISSION IS TO PROVIDE TRAINING AND ACCESS TO CAPITAL TO PROMOTE HOMEOWNERSHIP, ENTREPRENEURSHIP, AND FINANCIAL CAPABILITIES AMONG AMERICAN INDIAN FAMILIES, IN ADDITION TO INDIVIDUALS THROUGHOUT THE STATE OF MINNESOTA THROUGH THE PROVISION OF DEVELOPMENT SERVICES AND FINANCIAL PRODUCTS.
-
PROVIDED FINANCIAL EDUCATION AND COUNSELING IN THE AMERICAN INDIAN COMMUNITY
Expenses $125,528 · Grants $55,000 · Revenue $80,270
-
PROVIDED FIRST TIME HOMEBUYER COURSEWORK AND ONE ON ONE COUNSELING IN THE AMERICAN INDIAN COMMUNITY.
Expenses $125,528 · Grants $55,000 · Revenue $80,270
-
PROVIDED TECHNICAL ASSISTANCE AND COURSES ON LAUNCHING AND OPERATING A BUSINESS.
Expenses $277,372 · Revenue $177,441
As filed on the 2022 return.
Listed in Part VII
-
Cole St ArnoldCOLE ST ARNOLD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
John WilliamsJOHN WILLIAMS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly SamKELLY SAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adrienne BenjaminADRIENNE BENJAMIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kit FordhamKIT FORDHAM
EXECUTIVE DIRECTOR
- Total calculated
- $126,555
- From this org
- $126,555
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Paul Wenell JrPAUL WENELL JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313199349303401
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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