Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
Minnesota Ceramic Tile Promotion Trust
990EZ • Fiscal year 2023 • EIN 23-7109878
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
94th percentile
Higher net margin than 94% of similar nonprofits.
Top Officer Pay
73rd percentile
Higher top officer pay than 73% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
66th percentile
Faster asset growth than 66% of similar nonprofits.
Revenue Growth
96th percentile
Faster revenue growth than 96% of similar nonprofits.
Balance Sheet
Assets
Up$490,010
Up $41,737 (+9.3%) from 2022
Net Assets
Up$480,563
Up $39,253 (+8.9%) from 2022
Liabilities
Up$9,447
Up $2,484 (+36%) from 2022
Revenue And Expenses
Revenue
Up$79,461
Up $48,398 (+156%) from 2022
Expenses
Up$46,042
Up $13,258 (+40%) from 2022
Net Income
Up$33,419
Up $35,140 (+2042%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- Feb 29, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $85,823
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 PROMOTION AND ADVANCEMENT AND EXPANSION OF THE CERAMIC TILE CONTRACTING INDUSTRY AND PROMOTION OF THE SKILLS AND WORKMANSHIP OF THE INDUSTRY. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ANGELA FERGUSON | Trustee | - | $0 | - | - |
| GREG GRAZZINI | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Minnesota Ceramic Tile Promotion Trust
- EIN
- 23-7109878
- Phone
- 6512561804
- Address
- 2520 PILOT KNOB ROAD 325, MENDOTA HEIGHTS, MN 55120
Signing Officer
- Name
- Angela Ferguson
- Title
- Trustee
- Phone
- 6512561804
- Signed
- 2024-02-29
- 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: 4,332.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: advertising and promotion. Amount: 19,895. Description: proknee reimbursement program. Amount: 20,902. Description: bank and investment fees. Amount: 674. Description: insurance. Amount: 528. Total to form 990-ez, line 16: 41,999.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: unrealized gain on investment. Amount: 5,834.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: contributions receivable. Beg. Of year amount: 7,746. End of year amount: 6,669. Description: prepaid expenses. Beg. Of year amount: 482. End of year amount: 0.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 6,963. End of year amount: 9,447.”
Raw XML Appendix112 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 325 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MENDOTA HEIGHTS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55120 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 440045 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 483341 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 6362 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 33419 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4043 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 448273 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 490010 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | -46 |
| IRS990EZ/GrossReceiptsAmt | 0 | 85823 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 4332 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 441310 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 480563 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 441310 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 480563 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.05 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.05 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ANGELA FERGUSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | GREG GRAZZINI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 8228 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 6669 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 5834 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 41999 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROMOTION AND EXPANSION OF THE CERAMIC TILE INDUSTRY. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 75175 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE FUND IS ESTABLISHED FOR THE PURPOSE OF PROMOTION AND ADVANCEMENT AND EXPANSION OF THE CERAMIC TILE CONTRACTING INDUSTRY AND 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 | 6316 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 6963 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 9447 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 46042 |
| IRS990EZ/TotalRevenueAmt | 0 | 79461 |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST AND DIVIDEND INCOME. AMOUNT: 4,332. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 19,895. DESCRIPTION: PROKNEE REIMBURSEMENT PROGRAM. AMOUNT: 20,902. DESCRIPTION: BANK AND INVESTMENT FEES. AMOUNT: 674. DESCRIPTION: INSURANCE. AMOUNT: 528. TOTAL TO FORM 990-EZ, LINE 16: 41,999. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: UNREALIZED GAIN ON INVESTMENT. AMOUNT: 5,834. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: CONTRIBUTIONS RECEIVABLE. BEG. OF YEAR AMOUNT: 7,746. END OF YEAR AMOUNT: 6,669. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 482. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 6,963. END OF YEAR AMOUNT: 9,447. |
| 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 | 2023-04-26 12:10:37Z |
| 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 | 2024-02-29 |
| 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 325 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MENDOTA HEIGHTS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55120 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| 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 | 2024-03-13T13:48:10-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | ANGELA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | FERGUSON |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $490,010
- Liabilities
- $9,447
- Net assets
- $480,563
- Revenue
- $79,461
- Expenses
- $46,042
- Net income
- $33,419