Civic Intelligence

Minnesota Precision Manufacturing Association

990 • Fiscal year 2019 • EIN 41-1370233

Nov 01, 2018 to Oct 31, 2019 • Filed on Jul 09, 2020

Organization ProfileWWW.MPMA.COM
5353 Wayzata Boulevard No 350Minneapolis, MN 55416

(952) 564-3041

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.72x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

0.32x

Higher debt load relative to revenue than 81% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Net Margin

22nd percentile

-4.7%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Asset Growth

73rd percentile

15%

Faster asset growth than 73% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

70th percentile

11%

Faster revenue growth than 70% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$331,527

Up $43,853 (+15%) from 2018

Net Assets

Down

$93,035

Down $35,731 (-28%) from 2018

Liabilities

Up

$238,492

Up $79,584 (+50%) from 2018

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin22nd percentile

Revenue

Up

$756,484

Up $72,746 (+11%) from 2018

Expenses

Up

$792,215

Up $78,293 (+11%) from 2018

Net Income

Down

-$35,731

Down $5,547 (-18%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0-$100KAssets 2011: $142,672Liabilities 2011: $157,501Net Assets 2011: -$14,8292011Assets 2012: $136,260Liabilities 2012: $156,330Net Assets 2012: -$20,0702012Assets 2013: $224,187Liabilities 2013: $154,951Net Assets 2013: $69,2362013Assets 2014: $353,869Liabilities 2014: $164,412Net Assets 2014: $189,4572014Assets 2015: $341,811Liabilities 2015: $194,696Net Assets 2015: $147,1152015Assets 2016: $342,303Liabilities 2016: $176,346Net Assets 2016: $165,9572016Assets 2017: $309,332Liabilities 2017: $150,382Net Assets 2017: $158,9502017Assets 2018: $287,674Liabilities 2018: $158,908Net Assets 2018: $128,7662018Assets 2019: $331,527Liabilities 2019: $238,492Net Assets 2019: $93,0352019Assets 2020: $248,599Liabilities 2020: $203,874Net Assets 2020: $44,7252020Assets 2021: $299,130Liabilities 2021: $269,484Net Assets 2021: $29,6462021Assets 2022: $218,988Liabilities 2022: $205,441Net Assets 2022: $13,5472022Assets 2023: $226,422Liabilities 2023: $227,448Net Assets 2023: -$1,0262023Assets 2024: $229,812Liabilities 2024: $69,461Net Assets 2024: $160,3512024

Highlighted filing

2019

Assets$331,527
Liabilities$238,492
Net Assets$93,035
Open 2019 Filing

Operations Trend

Revenue Growth70th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $579,436Expenses 2011: $574,861Net Income 2011: $4,5752011Revenue 2012: $704,017Expenses 2012: $709,258Net Income 2012: -$5,2412012Revenue 2013: $681,355Expenses 2013: $592,049Net Income 2013: $89,3062013Revenue 2014: $771,436Expenses 2014: $651,215Net Income 2014: $120,2212014Revenue 2015: $703,611Expenses 2015: $745,953Net Income 2015: -$42,3422015Revenue 2016: $708,847Expenses 2016: $696,668Net Income 2016: $12,1792016Revenue 2017: $646,330Expenses 2017: $653,337Net Income 2017: -$7,0072017Revenue 2018: $683,738Expenses 2018: $713,922Net Income 2018: -$30,1842018Revenue 2019: $756,484Expenses 2019: $792,215Net Income 2019: -$35,7312019Revenue 2020: $597,404Expenses 2020: $617,312Net Income 2020: -$19,9082020Revenue 2021: $592,625Expenses 2021: $607,704Net Income 2021: -$15,0792021Revenue 2022: $663,590Expenses 2022: $679,689Net Income 2022: -$16,0992022Revenue 2023: $604,924Expenses 2023: $619,497Net Income 2023: -$14,5732023Revenue 2024: $972,503Expenses 2024: $828,676Net Income 2024: $143,8272024

Highlighted filing

2019

Revenue$756,484
Expenses$792,215
Net Income-$35,731
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2018 to Oct 31, 2019
Signed
Jul 9, 2020
Return Version
2018v3.2
Gross Receipts
$847,846
Mission and Program Overview

Mission

Minnesota precision manufacturing association (mpma) is a non-profit corporation organized for the purpose of advancing the economic growth of the precision manufacturing industry in minnesota.

Providing information, education and support for the precision manufacturing industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$136,036$136,638▲ $602
Cash and Non-Interest-Bearing Accounts$76,530$119,208▲ $42,678
Prepaid Expenses and Deferred Charges$48,885$48,671▼ $214
Accounts Receivable$23,223$27,010▲ $3,787
Land, Buildings, and Equipment, Net$3,000$0▼ $3,000
Total Assets$287,674$331,527▲ $43,853
Liabilities
Accounts Payable and Accrued Expenses$55,659$127,792▲ $72,133
Deferred Revenue$92,744$93,897▲ $1,153
Other Liabilities$10,505$16,803▲ $6,298
Total Liabilities$158,908$238,492▲ $79,584
Net Assets / Fund Balance
Unrestricted Net Assets$128,766$93,035▼ $35,731
Total Net Assets Fund Balance$128,766$93,035▼ $35,731
Total Liabilities and Net Assets / Fund Balance$287,674$331,527▲ $43,853

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$12,000$12,000
Compensation and Service Providers
Top Officer Pay43rd percentile

Board Members and Trustees

NameTitle
Jesse SchelitzcheChair
Tom ChaconPast Chair
Steve KalinaPresident
John MadsenVice-chair
Charlie HalesDirector
Jaci DukowitzDirector
Jim GarvinDirector
Matt LeafDirector
Mel EngerDirector
Scott KingDirector
Steve SwainDirector
Rod GramseSecretary
Laurent DeconinckTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Intrinxec Management INCManagement Services5353 WAYZATA BLVD SUITE 350, Minneapolis, MN 55416$466,868
Revenue and Support

Revenue Composition

Contributions and Grants
$60,654
Program Service Revenue
$619,032
Investment Income
$766
Other Revenue
$76,032
All Other Contributions
$8,825
Change in Net Assets
$-35,731

Audited Revenue Reconciliation

Revenue per Audited Statements
$756,484
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$87,037
Total Revenue per Audited Statements
$843,521
Total Revenue per Form 990
$756,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$775,629
Grants and Similar Amounts Paid$16,586
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$411,028
Fees for Services Other---$72,638
Office Expenses---$69,194
Fees for Services Lobbying---$36,000
Grants to Domestic Orgs---$16,586
Other Expenses---$14,030
Information Technology---$12,322
Occupancy---$12,228
All Other Expenses---$10,712
Fees for Services Accounting---$8,375
Insurance---$3,017
Depreciation Depletion---$3,000
Travel---$2,449
Advertising---$53
Fees for Services Legal---$26
Total Functional Expenses$0$0$0$792,215

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$879,252
Expenses per Audited Statements$792,215
Total Expenses per Form 990$792,215
Expenses Not Reported on Form 990$87,037
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Upper Midwest Golden GlovesDeerwood, MN501(c)3General Support$11,000
Mpma Educational Opportunities FoundationMinneapolis, MN501(c)3General Support$5,586
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$87,037
Fundraising Gross Income$62,816
Gaming Gross Income$4,500
Gaming Direct Expenses$4,325
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Open Golf Classic$56,115$30,342$13,561$16,781
Golden Gloves$45,600$27,914$8,784$19,130
Total Events$114,645$62,816$87,037$-24,221
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$36,020
Total Nondeductible Lobbying and Political Cost$36,020
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contribution Payable to Mpma Educ. Opportunities$5,886
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Day to day oversight and all general and administrative duties are performed by a management company.”

Form 990, Part VI, Section A, Line 6

“Any business or individual eligible for membership under the bylaws should submit a written application or complete the membership application online. Memberships are mostly corporate members: a) manufacturing- precision manufacturing companies, b) associates- provide manufacturing products or services to manufacturing companies only, c) affiliates- financial institutions, lawyers, insurance companies, staffing companies, etc. That can provide services to all types of companies; d) schools- educational institutions and trade schools and e) greater minnesota manufacturers and associates- over 75 miles from the mpma office. Also, individual members are able to join mpma if they do not have a vested financial interest, but rather simply a desire to stay engaged, typically as retired members of the industry.”

Form 990, Part VI, Section A, Line 7A

“Members approve the board of directors slate of officers.”

Form 990, Part VI, Section B, Line 11B

“The board reviews and approves the 990 before filing at the monthly board meetings.”

Form 990, Part VI, Section B, Line 12C

“Any member of the board of directors who has a possible conflict of interest shall report the possible conflict to the chairman of the board. The board member shall refrain from voting on any such transaction, participating in deliberations concerning it, or using personal influence in any way in the matter. The board member, or chairman in the director's absence, shall disclose a potential conflict of interest to the other members of the board before any vote on an association business transaction. Any staff member who has a possible conflict of interest shall report the possible conflict to the president. If the possible conflict involves the president, the possible conflict shall be reported to the chairman of the board. The president or where applicable, the chairman, after receiving information about a possible conflict of interest, shall take such action as is necessary that the transaction is completed in the best interest of the association without substantive involvement of the person who has the possible conflict of interest. Each board member and senior staff member shall complete a questionnaire on an annual basis.”

Form 990, Part VI, Section C, Line 19

“All documents are available upon request. The organization makes its articles of incorporation, bylaws, conflict of interest policy and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Minnesota Precision Manufacturing
EIN
41-1370233
Phone
9525643041
Address
5353 WAYZATA BOULEVARD NO 350, MINNEAPOLIS, MN 55416

Signing Officer

Name
Tom Chacon
Title
Chair
Phone
9525643041
Signed
2020-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jesse Schelitzche
Formed
1955
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
30

Preparer

Firm
Cbiz Mhm LLC
Address
222 SOUTH 9TH STREET SUITE 1000, MINNEAPOLIS, MN 55402
Preparer
Bruce Thiel
Phone
6123397811
Supplemental Narrative

Additional Explanations

Part III, Line 1

“Drive success in minnesota precision manufacturing by strengthening the skilled workforce, "by being a leader in the conversations surrounding workforce development, legislative changes that impact manufacturers, with other associations to have a positive impact on the image and importance of manufacturing and by improving business for our memebrs by being a resource for workforce training.”

Financial Statement Notes

PART X, LINE 2:

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax exempt status of the organization and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the fiscal years ended october 31, 2019 and 2018.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“FUNDRAISING EVENTS”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“FUNDRAISING EVENTS”

Raw XML AppendixShowing 400 of 523 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.

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IRS990/Desc0FOR OVER 50 YEARS, MPMA HAS BEEN A SOURCE OF INFORMATION, EDUCATION AND SUPPORT FOR THOSE IN THE PRECISION MANUFACTURING INDUSTRY. OUR ASSOCIATION HAS OVER 300 MEMBERS. OUR PROGRAMS EDUCATE MANUFACTURERS ON BEST PRACTICES WITHIN THE PRECISION MANUFACTURING INDUSTRY, AND SUPPORT CONTINUOUS IMPROVEMENT WITHIN MINNESOTA MANUFACTURING FACILITIES. OUR ASSOCIATION WORKS TO EXPAND AVAILABLE WORKFORCE THROUGH INITIATIVES AIMED AT ATTRACTING NEW PEOPLE INTO THE FIELD OF MANUFACTURING.
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IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToDomesticOrgsGrp/TotalAmt016586
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0847846
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt012322
IRS990/InsuranceGrp/TotalAmt03017
IRS990/InvestmentIncomeGrp/ExclusionAmt0766
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0766
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012000
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt012000
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0128766
IRS990/NetAssetsOrFundBalancesEOYAmt093035
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-24221
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-24221
IRS990/NetIncomeFromGamingGrp/ExclusionAmt0175
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt0175
IRS990/NetUnrelatedBusTxblIncmAmt045645
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt04325
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt012228
IRS990/OfficeExpensesGrp/TotalAmt069194
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FOOD AND BEVERAGE
IRS990/OtherExpensesGrp/Desc1COLLABORATIVE CONFERENC
IRS990/OtherExpensesGrp/Desc2TAXES
IRS990/OtherExpensesGrp/Desc3MERCHANT FEES
IRS990/OtherExpensesGrp/TotalAmt081018
IRS990/OtherExpensesGrp/TotalAmt122022
IRS990/OtherExpensesGrp/TotalAmt217517
IRS990/OtherExpensesGrp/TotalAmt314030
IRS990/OtherLiabilitiesGrp/BOYAmt010505
IRS990/OtherLiabilitiesGrp/EOYAmt016803
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt052
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt052
IRS990/OtherRevenueTotalAmt052
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt048885
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt048671
IRS990/PrincipalOfficerNm0JESSE SCHELITZCHE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0511120
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0ADVERTISING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0184773
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1135008
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2107104
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0192147
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1184773
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2135008
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3107104
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0192147
IRS990/ProgSrvcAccomActy2Grp/Desc0MINNESOTA MANUFACTURING CONFERENCE:MPMA PARTNERS WITH OTHER MANUFACTURING INDUSTRY ASSOCIATIONS AND CHAMBERS OF COMMERCE TO PRODUCE AN EVENT THAT IS DEVELOPED FOR MANUFACTURERS AND FOCUSES ON EDUCATIONAL AND INDUSTRY CONTENT TO HELP BUSINESSES MAKE OPERATIONAL, LEADERSHIP AND WORKFORCE IMPROVEMENTS, WHILE CONNECTING WITH EDUCATORS AND PEERS IN THE INDUSTRY.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt042453
IRS990/PYGrantsAndSimilarPaidAmt034004
IRS990/PYInvestmentIncomeAmt0353
IRS990/PYOtherExpensesAmt0679918
IRS990/PYOtherRevenueAmt0100428
IRS990/PYProgramServiceRevenueAmt0540504
IRS990/PYRevenuesLessExpensesAmt0-30184
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0713922
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0683738
IRS990/ReconcilationRevenueExpnssAmt0-35731
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0100026
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0100026
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0136036
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0136638
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AggregateReportedDuesNtcAmt018477
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt0184773
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt036020
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt036020
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt017543
IRS990ScheduleD/ExpensesNotReportedAmt087037
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0792215
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt010917
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt087037
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05886
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRIBUTION PAYABLE TO MPMA EDUC. OPPORTUNITIES
IRS990ScheduleD/OtherRevenueAmt087037
IRS990ScheduleD/RevenueNotReportedAmt087037
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0756484
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE FISCAL YEARS ENDED OCTOBER 31, 2019 AND 2018.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EVENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EVENTS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0792215
IRS990ScheduleD/TotalLiabilityAmt016803
IRS990ScheduleD/TotalRevenuePerForm990Amt0756484
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0843521
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0879252
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt0200
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0200
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt051829
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt025773
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt017686
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt08370
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt087037
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0OPEN GOLF CLASSIC
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLDEN GLOVES
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt016015
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt023559
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt03442
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt043016
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt056115
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt045600
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt012930
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0114645
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030342
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt027914
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt04560
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt062816
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-24221
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0150
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt0449
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesOtherEventsAmt0400
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0999
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0129
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt022474
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt013561
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08784
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt016155
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt04193
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt020348
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt011000
IRS990ScheduleI/RecipientTable/CashGrantAmt15586
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UPPER MIDWEST GOLDEN GLOVES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MPMA EDUCATIONAL OPPORTUNITIES FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0411708104
IRS990ScheduleI/RecipientTable/RecipientEIN1411889792
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt022318 EAGLE VIEW DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15353 WAYZATA BLVD SUITE 350
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DEERWOOD
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056444
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd155416
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS PROVIDED GRANTS TO 501(C)(3) CHARITABLE ORGANIZATIONS WHOSE MISSION IS TO CONDUCT CHARITABLE ACTIVITIES. THE MPMA EDUCATIONAL OPPORTUNITIES FOUNDATION IS THE CHARITABLE ORGANIZATION RELATED TO MINNESOTA PRECISION MANUFACTURING THROUGH COMMON BOARD MEMBERS. THIS FOUNDATION'S MISSION IS TO SUPPORT MPMA'S MISSION. PERIODICALLY UPPER MIDWEST GOLDEN GLOVES ATTENDS MPMA BOARD MEETINGS TO PROVIDE UPDATES ON THEIR ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRIVE SUCCESS IN MINNESOTA PRECISION MANUFACTURING BY STRENGTHENING THE SKILLED WORKFORCE, "BY BEING A LEADER IN THE CONVERSATIONS SURROUNDING WORKFORCE DEVELOPMENT, LEGISLATIVE CHANGES THAT IMPACT MANUFACTURERS, WITH OTHER ASSOCIATIONS TO HAVE A POSITIVE IMPACT ON THE IMAGE AND IMPORTANCE OF MANUFACTURING AND BY IMPROVING BUSINESS FOR OUR MEMEBRS BY BEING A RESOURCE FOR WORKFORCE TRAINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DAY TO DAY OVERSIGHT AND ALL GENERAL AND ADMINISTRATIVE DUTIES ARE PERFORMED BY A MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY BUSINESS OR INDIVIDUAL ELIGIBLE FOR MEMBERSHIP UNDER THE BYLAWS SHOULD SUBMIT A WRITTEN APPLICATION OR COMPLETE THE MEMBERSHIP APPLICATION ONLINE. MEMBERSHIPS ARE MOSTLY CORPORATE MEMBERS: A) MANUFACTURING- PRECISION MANUFACTURING COMPANIES, B) ASSOCIATES- PROVIDE MANUFACTURING PRODUCTS OR SERVICES TO MANUFACTURING COMPANIES ONLY, C) AFFILIATES- FINANCIAL INSTITUTIONS, LAWYERS, INSURANCE COMPANIES, STAFFING COMPANIES, ETC. THAT CAN PROVIDE SERVICES TO ALL TYPES OF COMPANIES; D) SCHOOLS- EDUCATIONAL INSTITUTIONS AND TRADE SCHOOLS AND E) GREATER MINNESOTA MANUFACTURERS AND ASSOCIATES- OVER 75 MILES FROM THE MPMA OFFICE. ALSO, INDIVIDUAL MEMBERS ARE ABLE TO JOIN MPMA IF THEY DO NOT HAVE A VESTED FINANCIAL INTEREST, BUT RATHER SIMPLY A DESIRE TO STAY ENGAGED, TYPICALLY AS RETIRED MEMBERS OF THE INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS APPROVE THE BOARD OF DIRECTORS SLATE OF OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS AND APPROVES THE 990 BEFORE FILING AT THE MONTHLY BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANY MEMBER OF THE BOARD OF DIRECTORS WHO HAS A POSSIBLE CONFLICT OF INTEREST SHALL REPORT THE POSSIBLE CONFLICT TO THE CHAIRMAN OF THE BOARD. THE BOARD MEMBER SHALL REFRAIN FROM VOTING ON ANY SUCH TRANSACTION, PARTICIPATING IN DELIBERATIONS CONCERNING IT, OR USING PERSONAL INFLUENCE IN ANY WAY IN THE MATTER. THE BOARD MEMBER, OR CHAIRMAN IN THE DIRECTOR'S ABSENCE, SHALL DISCLOSE A POTENTIAL CONFLICT OF INTEREST TO THE OTHER MEMBERS OF THE BOARD BEFORE ANY VOTE ON AN ASSOCIATION BUSINESS TRANSACTION. ANY STAFF MEMBER WHO HAS A POSSIBLE CONFLICT OF INTEREST SHALL REPORT THE POSSIBLE CONFLICT TO THE PRESIDENT. IF THE POSSIBLE CONFLICT INVOLVES THE PRESIDENT, THE POSSIBLE CONFLICT SHALL BE REPORTED TO THE CHAIRMAN OF THE BOARD. THE PRESIDENT OR WHERE APPLICABLE, THE CHAIRMAN, AFTER RECEIVING INFORMATION ABOUT A POSSIBLE CONFLICT OF INTEREST, SHALL TAKE SUCH ACTION AS IS NECESSARY THAT THE TRANSACTION IS COMPLETED IN THE BEST INTEREST OF THE ASSOCIATION WITHOUT SUBSTANTIVE INVOLVEMENT OF THE PERSON WHO HAS THE POSSIBLE CONFLICT OF INTEREST. EACH BOARD MEMBER AND SENIOR STAFF MEMBER SHALL COMPLETE A QUESTIONNAIRE ON AN ANNUAL BASIS.

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$331,527
Liabilities
$238,492
Net assets
$93,035
Revenue
$756,484
Expenses
$792,215
Net income
-$35,731
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.69$1.60$9.73$8.29$1.44
2023Detailed filing. Detailed filing data is available for this year.$2.26$2.27$0.01$6.05$6.19$0.15
2022Detailed filing. Detailed filing data is available for this year.$2.19$2.05$0.14$6.64$6.80$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.99$2.69$0.30$5.93$6.08$0.15
2020Detailed filing. Detailed filing data is available for this year.$2.49$2.04$0.45$5.97$6.17$0.20
2019Detailed filing. Detailed filing data is available for this year.$3.32$2.38$0.93$7.56$7.92$0.36
2018Detailed filing. Detailed filing data is available for this year.$2.88$1.59$1.29$6.84$7.14$0.30
2017Detailed filing. Detailed filing data is available for this year.$3.09$1.50$1.59$6.46$6.53$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.42$1.76$1.66$7.09$6.97$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.42$1.95$1.47$7.04$7.46$0.42
2014Detailed filing. Detailed filing data is available for this year.$3.54$1.64$1.89$7.71$6.51$1.20
2013Summary only. Only limited summary data is available for this year.$2.24$1.55$0.69$6.81$5.92$0.89
2012Summary only. Only limited summary data is available for this year.$1.36$1.56$0.20$7.04$7.09$0.05
2011Summary only. Only limited summary data is available for this year.$1.43$1.58$0.15$5.79$5.75$0.05