Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
Minnesota Ceramic Tile Promotion Trust
990EZ • Fiscal year 2019 • EIN 23-7109878
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
67th percentile
Higher debt load relative to revenue than 67% of similar nonprofits.
Net Margin
96th percentile
Higher net margin than 96% of similar nonprofits.
Top Officer Pay
71st percentile
Higher top officer pay than 71% 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
Up$265,958
Up $145,004 (+120%) from 2015
Net Assets
Up$262,173
Up $142,872 (+120%) from 2015
Liabilities
Up$3,785
Up $2,132 (+129%) from 2015
Revenue And Expenses
Revenue
Up$116,738
Up $92,188 (+376%) from 2015
Expenses
Up$59,977
Up $17,235 (+40%) from 2015
Net Income
Up$56,761
Up $74,953 (+412%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2018 to Jun 30, 2019
- Signed
- Feb 28, 2020
- Return Version
- 2018v3.1
- Gross Receipts
- $116,738
Mission and Program Overview
Mission
Promotion and expansion of the ceramic tile industry
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE FUND IS ESTABLISHED FOR THE PURPOSE OF THE PROMOTION OF THE ADVANCEMENT AND EXPANSION OF THE CERAMIC TILE CONTRACTING INDUSTRY AND THE PROMOTION OF THE SKILLS AND WORKMANSHIP OF THE INDUSTRY. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| GENE GRAZZINI JR | Trustee | - | $0 | - | - |
| MIKE LAPENSKY | Trustee | - | $0 | - | - |
| WAYNE GRAZZINI | Trustee | - | $0 | - | - |
| JIM HIDDING | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Minnesota Ceramic Tile Promotion Trust
- EIN
- 23-7109878
- Phone
- 6512561804
- Address
- 2520 PILOT KNOB ROAD, MENDOTA HEIGHTS, MN 55120
Signing Officer
- Name
- Mike Lapensky
- Title
- Trustee
- Phone
- 6512561804
- Signed
- 2020-02-28
- 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 dividend income. Amount: 5078.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: advertising and promotion. Amount: 43854. Description: proknee reimbursement program. Amount: 7385. Description: insurance and bonding. Amount: 490. Description: bank and investment fees. Amount: 882. Total to form 990-ez, line 16: 52611.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: unrealized loss on investments. Amount: -2530.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: contributions receivable. Beg. Of year amount: 8272. End of year amount: 9675. Description: prepaid expenses. Beg. Of year amount: 937. End of year amount: 449. Description: due from related organization. Beg. Of year amount: 2250. End of year amount: 0.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: due to related organization. Beg. Of year amount: 2250. End of year amount: 3785. Description: accounts payable. Beg. Of year amount: 3676. End of year amount: 0.”
Raw XML Appendix122 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 | ZENITH AMERICAN SOLUTIONS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6512561804 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2520 PILOT KNOB ROAD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MENDOTA HEIGHTS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55120 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 202409 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 255834 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 56761 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 7366 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 213868 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 265958 |
| IRS990EZ/GrossReceiptsAmt | 0 | 116738 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 5078 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 207942 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 262173 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 207942 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 262173 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.05 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.05 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.05 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.05 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | GENE GRAZZINI JR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MIKE LAPENSKY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | WAYNE GRAZZINI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JIM HIDDING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 11459 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 10124 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -2530 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 52611 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROMOTION AND EXPANSION OF THE CERAMIC TILE INDUSTRY |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 111660 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE FUND IS ESTABLISHED FOR THE PURPOSE OF THE PROMOTION OF THE ADVANCEMENT AND EXPANSION OF THE CERAMIC TILE CONTRACTING INDUSTRY AND THE PROMOTION OF THE SKILLS AND WORKMANSHIP OF THE INDUSTRY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 5926 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 3785 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 59977 |
| IRS990EZ/TotalRevenueAmt | 0 | 116738 |
| IRS990EZ/TypeOfOrganizationTrustInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST AND DIVIDEND INCOME. AMOUNT: 5078. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 43854. DESCRIPTION: PROKNEE REIMBURSEMENT PROGRAM. AMOUNT: 7385. DESCRIPTION: INSURANCE AND BONDING. AMOUNT: 490. DESCRIPTION: BANK AND INVESTMENT FEES. AMOUNT: 882. TOTAL TO FORM 990-EZ, LINE 16: 52611. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: UNREALIZED LOSS ON INVESTMENTS. AMOUNT: -2530. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: CONTRIBUTIONS RECEIVABLE. BEG. OF YEAR AMOUNT: 8272. END OF YEAR AMOUNT: 9675. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 937. END OF YEAR AMOUNT: 449. DESCRIPTION: DUE FROM RELATED ORGANIZATION. BEG. OF YEAR AMOUNT: 2250. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: DUE TO RELATED ORGANIZATION. BEG. OF YEAR AMOUNT: 2250. END OF YEAR AMOUNT: 3785. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 3676. END OF YEAR AMOUNT: 0. |
| 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 | 2020-09-23 17:36:50Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MIKE LAPENSKY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TRUSTEE |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6512561804 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-02-28 |
| 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 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MENDOTA HEIGHTS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55120 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 18D8E43A51057115C97B638ED8AC001B64A20B00 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 18D8E43A51057115C97B638ED8AC001B64A20B00 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 12.235.239.120 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-02-28 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 11:56:42 |
| 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 | 2020-03-31T16:22:09-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-06-30 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $265,958
- Liabilities
- $3,785
- Net assets
- $262,173
- Revenue
- $116,738
- Expenses
- $59,977
- Net income
- $56,761