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Nonprofiteer
← EMERGE ENTERPRISES INC

Form 990 for tax year 2024

Filed by EMERGE ENTERPRISES INC.

Totals

Total revenue
$2,843,044
Total expenses
$2,127,794
Contributions and grants received
$888,798
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$1,954,246
Total assets, end of year
$6,409,234
Total liabilities, end of year
$1,718,285
Net assets or fund balances, end of year
$4,690,949
Program services expenses (Part IX)
$1,898,481
Management and general expenses
$204,353
Fundraising expenses
$24,960
Program service expenses (Part III)
$1,898,481

Program services were 89.2% 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.

  • 1e · Government grants (contributions)

    $657,209

  • 1f · All other contributions, gifts and grants

    $231,589

  • 1g · Noncash contributions included above

    $217,198

  • 6a · Gross rents

    real property $700

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $700

  • 6d · Net rental income or loss

    total $700 · related or exempt $700

  • 10a · Gross sales of inventory

    $4,070,258

  • 10b · Cost of goods sold

    $2,117,570

  • 10c · Net income from sales of inventory

    total $1,952,688 · related or exempt $1,952,688

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $858 · related or exempt $858

  • 11e · Other revenue, total

    $858

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $887,267 · program services $887,267

  • 8 · Pension plan contributions

    total $48,186 · program services $48,186

  • 9 · Other employee benefits

    total $59,889 · program services $59,889

  • 10 · Payroll taxes

    total $62,153 · program services $62,153

  • 11g · Fees: other

    total $260,141 · program services $30,828 · management and general $204,353 · fundraising $24,960

  • 12 · Advertising and promotion

    total $2,248 · program services $2,248

  • 13 · Office expenses

    total $67,830 · program services $67,830

  • 14 · Information technology

    total $10,380 · program services $10,380

  • 16 · Occupancy

    total $231,545 · program services $231,545

  • 17 · Travel

    total $189,421 · program services $189,421

  • 20 · Interest

    total $47,559 · program services $47,559

  • 22 · Depreciation, depletion and amortization

    total $176,812 · program services $176,812

  • 23 · Insurance

    total $39,376 · program services $39,376

  • 24a · Other expenses: CREDIT LOSSES

    total $22,552 · program services $22,552

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $11,621 · program services $11,621

  • 24c · Other expenses: DIRECT PARTICIPANT SUPP

    total $10,814 · program services $10,814

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,556 · end of year $156,844

  • 3 · Pledges and grants receivable

    beginning of year $275,884 · end of year $548,205

  • 4 · Accounts receivable

    beginning of year $227,112 · end of year $189,761

  • 8 · Inventories for sale or use

    beginning of year $127,790 · end of year $141,427

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,608 · end of year $53,202

  • 10a · Land, buildings and equipment: cost or other basis

    $5,684,215

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,271,624

  • 10c · Land, buildings and equipment, net

    beginning of year $3,453,871 · end of year $3,412,591

  • 15 · Other assets

    beginning of year $131,875 · end of year $1,907,204

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,492 · end of year $188,337

  • 23 · Secured mortgages and notes payable

    beginning of year $1,163,291 · end of year $1,115,029

  • 24 · Unsecured notes and loans payable

    beginning of year $83,333 · end of year $55,556

  • 25 · Other liabilities

    beginning of year $0 · end of year $359,363

  • 27 · Net assets without donor restrictions

    beginning of year $2,631,149 · end of year $4,093,188

  • 28 · Net assets with donor restrictions

    beginning of year $395,431 · end of year $597,761

Mission and programs · 2024

Mission

EMERGE ENTERPRISES, INC. OPERATES SUSTAINABLE SOCIAL ENTERPRISES THAT EMPOWER PEOPLE FACING EMPLOYMENT BARRIERS TO RE-ENTER THE WORKFORCE AND ACHIEVE LIFE-LONG SUCCESS WITHIN THEIR COMMUNITIES.

  • EMERGE ENTERPRISES CONSISTS OF ENVIRONMENTALLY FOCUSED SOCIAL ENTERPRISE BUSINESSES THAT PROVIDE CRUCIAL TRANSITIONAL JOBS AND WRAP AROUND SUPPORT TO PEOPLE RETURNING TO COMMUNITY FROM INCARCERATION. SECOND CHANCE RECYCLING AND FURNISH OFFICE AND HOME PROVIDE 100 TRANSITIONAL EMPLOYMENT OPPORTUNITIES PER YEAR WHILE REDUCING WASTE THROUGH MATTRESS RECYCLING AND SALES OF GENTLY USED OFFICE FURNITURE. IN 2024, SECOND CHANCE RECYCLED 60,000 MATTRESSES, WITH 90% OF RECYCLED MATERIALS SENT OUT TO BECOME NEW PRODUCTS. IN 2024, FURNISH KEPT 500 TONS OF MATERIALS FROM LANDFILLS, WHILE EMPLOYING TRAINEES IN A RETAIL ENVIRONMENT.

    Expenses $1,898,481 · Revenue $1,954,246

As filed on the 2024 return.

Listed in Part VII

  • Xander Hector

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Wynne

    VICE CHAIR & PRESIDENT

    Total calculated
    $227,869
    From this org
    $0
    From related orgs
    $196,396
    Other
    $31,473
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,975 related
    Bonus
    $0 + $17,421 related
    Other
    $0
    Deferred
    $0 + $12,400 related
    Nontaxable benefits
    $0 + $19,073 related
    Filer's total
    $0 + $227,869 related

  • Kevin Engdahl

    SECRETARY

    Total calculated
    $148,142
    From this org
    $0
    From related orgs
    $124,155
    Other
    $23,987
    Hours/week
    10 + 30 related

  • Sheila Dowling

    CHAIR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE EXECUTIVE DIRECTOR RECEIVED A BONUS PAYMENT FOR PERFORMANCE IN 2024 THAT WAS INCLUDED IN TAXABLE COMPENSATION AND WAS REPORTED ON THE 2024 FORM W-2. THE NON-FIXED BONUS PAYMENT WAS DETERMINED BY THE BOARD OF DIRECTORS WITHIN THE PARAMETERS OF THE ANNUAL PERFORMANCE OBJECTIVES AND GOALS AGREED TO BY THE EMPLOYEE AND THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SECOND CHANCE RECYCLING LLC

    MATTRESS & BOX SPRINGS RECYCLER · MN · income $3,114,050 · assets $661,734

    Directly controlled by EMERGE ENTERPRISES INC

  • FURNISH OFFICE AND HOME LLC

    OFFICE FURNITURE RETAIL STORE · MN · income $1,481,020 · assets $1,093,697

    Directly controlled by EMERGE ENTERPRISES INC

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2025
IRS schema version
2024v5.2
Source object
202502169349301535

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