Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Minnesota Ceramic Tile Promotion Trust
990EZ • Fiscal year 2015 • EIN 23-7109878
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
74th percentile
Higher debt load relative to revenue than 74% of similar nonprofits.
Net Margin
3rd percentile
Higher net margin than 3% of similar nonprofits.
Top Officer Pay
69th percentile
Higher top officer pay than 69% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$120,954
No earlier filing loaded for comparison.
Net Assets
$119,301
No earlier filing loaded for comparison.
Liabilities
$1,653
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$24,550
No earlier filing loaded for comparison.
Expenses
$42,742
No earlier filing loaded for comparison.
Net Income
-$18,192
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2014 to Jun 30, 2015
- Signed
- Mar 7, 2016
- Return Version
- 2014v6.0
- Gross Receipts
- $29,724
Mission and Program Overview
Mission
Promotion and expansion of the ceramic tile industry
To promote the advancement and expansion of the ceramic tile contracting industry.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROMOTE THE ADVANCEMENT AND EXPANSION OF THE CERAMIC TILE CONTRACTING INDUSTRY AND THE PROMOTION OF THE SKILLS AND WORKMANSHIP OF THE EMPLOYEES. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MIKE LAPENSKY | Secretary | - | $0 | - | - |
| GENE GRAZZINI JR | Chairman | - | $0 | - | - |
| JIM HIDDING | Trustee | - | $0 | - | - |
| WAYNE GRAZZINI | Trustee | - | $0 | - | - |
| JEFF DURANT | Trustee - Past | - | $0 | - | - |
| ANGELA FERGUSON | Trustee | - | $0 | - | - |
| DARRIN DROSKY | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Minnesota Ceramic Tile Promotion Trust
- EIN
- 23-7109878
- Phone
- 6512561804
- Address
- 2520 PILOT KNOB ROAD NO 325, MENDOTA HEIGHTS, MN 55120
Signing Officer
- Name
- Michael Lapensky
- Title
- Secretary
- Phone
- 6512561804
- Signed
- 2016-03-07
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Legacy Professionals Llp
- Address
- 6800 FRANCE AVENUE SO SUITE 550, EDINA, MN 55435
- Preparer
- Larry Wood
- Phone
- 9528413950
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: interest and dividends. Amount: 4,502.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: advertising and promotion. Amount: 13,125. Description: bank and investment fees. Amount: 663. Description: contract administration fees. Amount: 1,466. Description: proknee reimbursement program. Amount: 19,312. Description: insurance and bonding. Amount: 426. Description: member dues and fees. Amount: 3,750. Total to form 990-ez, line 16: 38,742.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: unrealized (loss) on investments held at year end. Amount: -2,279.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: employer contributions receivable. Beg. Of year amount: 1,671. End of year amount: 2,067. Description: prepaid expenses. Beg. Of year amount: 1,356. End of year amount: 930. Description: reimbursements receivable from affiliates. Beg. Of year amount: 5,863. End of year amount: 0.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 6,335. End of year amount: 1,653.”
Raw XML Appendix135 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MONICA FOX |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6512561804 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2520 PILOT KNOB ROAD SUITE 325 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MENDOTA HEIGHTS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55120 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 137217 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 117957 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 5174 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -18192 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4000 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 146107 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 120954 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | -161 |
| IRS990EZ/GrossReceiptsAmt | 0 | 29724 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 4502 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 20209 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 139772 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 119301 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 139772 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 119301 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MIKE LAPENSKY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | GENE GRAZZINI JR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JIM HIDDING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | WAYNE GRAZZINI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JEFF DURANT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | ANGELA FERGUSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | DARRIN DROSKY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TRUSTEE - PAST |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 8890 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 2997 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -2279 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 38742 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROMOTE THE ADVANCEMENT AND EXPANSION OF THE CERAMIC TILE CONTRACTING INDUSTRY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROMOTE THE ADVANCEMENT AND EXPANSION OF THE CERAMIC TILE CONTRACTING INDUSTRY AND THE PROMOTION OF THE SKILLS AND WORKMANSHIP OF THE EMPLOYEES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 5013 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 6335 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1653 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 42742 |
| IRS990EZ/TotalRevenueAmt | 0 | 24550 |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST AND DIVIDENDS. AMOUNT: 4,502. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 13,125. DESCRIPTION: BANK AND INVESTMENT FEES. AMOUNT: 663. DESCRIPTION: CONTRACT ADMINISTRATION FEES. AMOUNT: 1,466. DESCRIPTION: PROKNEE REIMBURSEMENT PROGRAM. AMOUNT: 19,312. DESCRIPTION: INSURANCE AND BONDING. AMOUNT: 426. DESCRIPTION: MEMBER DUES AND FEES. AMOUNT: 3,750. TOTAL TO FORM 990-EZ, LINE 16: 38,742. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: UNREALIZED (LOSS) ON INVESTMENTS HELD AT YEAR END. AMOUNT: -2,279. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: EMPLOYER CONTRIBUTIONS RECEIVABLE. BEG. OF YEAR AMOUNT: 1,671. END OF YEAR AMOUNT: 2,067. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,356. END OF YEAR AMOUNT: 930. DESCRIPTION: REIMBURSEMENTS RECEIVABLE FROM AFFILIATES. BEG. OF YEAR AMOUNT: 5,863. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 6,335. END OF YEAR AMOUNT: 1,653. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| ReturnHeader/BuildTS | 0 | 2016-08-17 19:52:53Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHAEL LAPENSKY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6512561804 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-03-07 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MINNESOTA CERAMIC TILE PROMOTION TRUST |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MINN |
| ReturnHeader/Filer/EIN | 0 | 237109878 |
| ReturnHeader/Filer/PhoneNum | 0 | 6512561804 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2520 PILOT KNOB ROAD NO 325 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MENDOTA HEIGHTS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55120 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 320043599 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | LEGACY PROFESSIONALS LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 6800 FRANCE AVENUE SO SUITE 550 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | EDINA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 55435 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9528413950 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LARRY WOOD |
| ReturnHeader/ReturnTs | 0 | 2016-03-28T11:24:35-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-06-30 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $120,954
- Liabilities
- $1,653
- Net assets
- $119,301
- Revenue
- $24,550
- Expenses
- $42,742
- Net income
- -$18,192