Form 990 for tax year 2022
Filed by LOAN REPAYMENT ASSISTANCE PROGRAM OF MINNESOTA.
Totals
- Total revenue
- $160,943
- Total expenses
- $83,879
- Contributions and grants received
- $135,402
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $18,656
- Other revenue
- $6,885
- Total assets, end of year
- $707,073
- Total liabilities, end of year
- $19,211
- Net assets or fund balances, end of year
- $687,862
- Program services expenses (Part IX)
- $41,311
- Management and general expenses
- $18,124
- Fundraising expenses
- $24,444
- Program service expenses (Part III)
- $41,311
Program services were 49.3% 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
$135,402
-
3 · Investment income
total $10,957 · excluded $10,957
-
7a · Gross sales of assets other than inventory
securities $29,318
-
7b · Less cost or other basis and sales expenses
securities $21,619
-
7c · Gain or loss
securities $7,699
-
7d · Net gain or loss
total $7,699 · related or exempt $7,699
-
11a · Other revenue: OTHER INCOME
total $6,885 · related or exempt $6,885
-
11e · Other revenue, total
$6,885
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $59,444 · program services $33,884 · management and general $5,944 · fundraising $19,616
-
10 · Payroll taxes
total $5,790 · program services $3,300 · management and general $579 · fundraising $1,911
-
11c · Fees: accounting
total $6,300 · management and general $6,300
-
12 · Advertising and promotion
total $1,655 · program services $596 · management and general $182 · fundraising $877
-
16 · Occupancy
total $2,721 · program services $1,089 · management and general $544 · fundraising $1,088
-
23 · Insurance
total $2,218 · management and general $2,218
-
24a · Other expenses: MISCELLANEOUS
total $2,380 · program services $952 · management and general $476 · fundraising $952
-
24b · Other expenses: BANK CHARGES
total $1,881 · management and general $1,881
-
24c · Other expenses: AWARDS
total $1,490 · program services $1,490
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $154,613 · end of year $259,867
-
2 · Savings and temporary cash investments
beginning of year $104,366 · end of year $105,269
-
3 · Pledges and grants receivable
beginning of year $42,806
-
9 · Prepaid expenses and deferred charges
beginning of year $1,044 · end of year $173
-
11 · Investments: publicly traded securities
beginning of year $359,936 · end of year $341,764
-
17 · Accounts payable and accrued expenses
beginning of year $5,150 · end of year $6,251
-
25 · Other liabilities
beginning of year $12,960 · end of year $12,960
-
27 · Net assets without donor restrictions
beginning of year $392,378 · end of year $408,585
-
28 · Net assets with donor restrictions
beginning of year $252,277 · end of year $279,277
Mission and programs · 2022
Mission
TO PROVIDE SUPPORT FOR LAWYERS WHO ARE IN PUBLIC SERVICE POSITIONS BY ASSISTING THEM IN REPAYING THEIR STUDENT LOANS. THE ORGANIZATION AWARDS LOAN REPAYMENT ASSISTANCE TO INDIVIDUALS EACH SPRING AND FALL.
Activities or mission (Part I)
HELPING LAWYERS HELP THE DISADVANTAGED THROUGH EDUCATION LOAN REPAYMENT ASSISTANCE.
-
LRAP MINNESOTA ENABLED 50 PUBLIC SERVICE ATTORNEYS TO HELP SOME 10,000 LOW-INCOME CLIENTS SECURE ESSENTIAL NEEDS LIKE FOOD, SHELTER, AND SAFETY.
Expenses $41,311
As filed on the 2022 return.
Listed in Part VII
-
Andrea Derby WorkmanANDREA DERBY WORKMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Ann GemmellANN GEMMELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Anna BeadleANNA BEADLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Craig KomaneckiCRAIG KOMANECKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Daniel BrownDANIEL BROWN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.6
-
Debra SchneiderDEBRA SCHNEIDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Eric BrownERIC BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Elizabeth ForsELIZABETH FORS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
James FormanJAMES FORMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Laurette HankomLAURETTE HANKOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Lisa HollingsworthLISA HOLLINGSWORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Mara AschemanMARA ASCHEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Peter HenniganPETER HENNIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Peter KnappPETER KNAPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Phillip HolmesPHILLIP HOLMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.45
-
Valerie HerringVALERIE HERRING
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.6
-
Dee BaskinDEE BASKIN
EXECUTIVE DIRECTOR
- Total calculated
- $59,442
- From this org
- $59,442
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
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.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Approval by the board or compensation committee
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303119349302405
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