Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
Minnesota Ceramic Tile Promotion Trust
990EZ • Fiscal year 2021 • EIN 23-7109878
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
70th percentile
Higher debt load relative to revenue than 70% of similar nonprofits.
Net Margin
96th percentile
Higher net margin than 96% of similar nonprofits.
Top Officer Pay
72nd percentile
Higher top officer pay than 72% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
73rd percentile
Faster asset growth than 73% of similar nonprofits.
Revenue Growth
23rd percentile
Faster revenue growth than 23% of similar nonprofits.
Balance Sheet
Assets
Up$410,208
Up $79,385 (+24%) from 2020
Net Assets
Up$402,582
Up $86,134 (+27%) from 2020
Liabilities
Down$7,626
Down $6,749 (-47%) from 2020
Revenue And Expenses
Revenue
Down$88,454
Down $28,545 (-24%) from 2020
Expenses
Down$28,878
Down $31,101 (-52%) from 2020
Net Income
Up$59,576
Up $2,556 (+4.5%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2020 to Jun 30, 2021
- Signed
- May 10, 2022
- Return Version
- 2020v4.2
- Gross Receipts
- $103,277
Mission and Program Overview
Mission
Promotion and expansion of the ceramic tile industry
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 - Past | - | $0 | - | - |
| WAYNE GRAZZINI | Trustee | - | $0 | - | - |
| JIM HIDDING | Trustee | - | $0 | - | - |
| ANGELA FERGUSON | 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
- Angela Ferguson
- Title
- Trustee
- Phone
- 6512561804
- Signed
- 2022-05-10
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Legacy Professionals Llp
- Address
- 6800 FRANCE AVENUE SO SUITE 550, EDINA, MN 55435
- Preparer
- Jacob D Eklund
- Phone
- 9528413950
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: interest and dividend income. Amount: 2,822.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: advertising and promotion. Amount: 16,148. Description: proknee reimbursement program. Amount: 3,326. Description: bank and investment fees. Amount: 1,098. Description: insurance. Amount: 519. Total to form 990-ez, line 16: 21,091.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: unrealized (loss) on investment. Amount: 26,558.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: contributions receivable. Beg. Of year amount: 9,124. End of year amount: 8,117. Description: prepaid expenses. Beg. Of year amount: 1,428. End of year amount: 1,009.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 14,375. End of year amount: 7,626.”
Raw XML Appendix130 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 | 320271 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 401082 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 14823 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 59576 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6261 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 330823 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 410208 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 1867 |
| IRS990EZ/GrossReceiptsAmt | 0 | 103277 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2822 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 316448 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 402582 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 316448 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 402582 |
| 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/AverageHrsPerWkDevotedToPosRt | 4 | 0.05 |
| 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/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/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/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/PersonNm | 4 | ANGELA FERGUSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TRUSTEE - PAST |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 10552 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 9126 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 26558 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 21091 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROMOTION AND EXPANSION OF THE CERAMIC TILE INDUSTRY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1526 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 83765 |
| 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/SaleOfAssetsGrossAmt | 0 | 16690 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 14375 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 7626 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 28878 |
| IRS990EZ/TotalRevenueAmt | 0 | 88454 |
| IRS990EZ/TypeOfOrganizationTrustInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST AND DIVIDEND INCOME. AMOUNT: 2,822. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 16,148. DESCRIPTION: PROKNEE REIMBURSEMENT PROGRAM. AMOUNT: 3,326. DESCRIPTION: BANK AND INVESTMENT FEES. AMOUNT: 1,098. DESCRIPTION: INSURANCE. AMOUNT: 519. TOTAL TO FORM 990-EZ, LINE 16: 21,091. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: UNREALIZED (LOSS) ON INVESTMENT. AMOUNT: 26,558. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: CONTRIBUTIONS RECEIVABLE. BEG. OF YEAR AMOUNT: 9,124. END OF YEAR AMOUNT: 8,117. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,428. END OF YEAR AMOUNT: 1,009. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 14,375. END OF YEAR AMOUNT: 7,626. |
| 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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ANGELA FERGUSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TRUSTEE |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6512561804 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-05-10 |
| 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/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 | JACOB D EKLUND |
| ReturnHeader/ReturnTs | 0 | 2022-05-12T14:44:55-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | ANGELA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | FERGUSON |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-06-30 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $410,208
- Liabilities
- $7,626
- Net assets
- $402,582
- Revenue
- $88,454
- Expenses
- $28,878
- Net income
- $59,576