Civic Intelligence

Minneapolis Electrical Industry Market Improvement Fund Inc

990 • Fiscal year 2022 • EIN 41-1525311

Sep 01, 2021 to Aug 31, 2022 • Filed on Jul 11, 2023

600 Highway 169 South 640St Louis Park, MN 55426

(952) 591-1800

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Net Margin

17th percentile

-10%

Higher net margin than 17% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Asset Growth

35th percentile

-3.7%

Faster asset growth than 35% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

39th percentile

4.5%

Faster revenue growth than 39% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$909,359

Down $34,862 (-3.7%) from 2021

Net Assets

Down

$909,359

Down $34,862 (-3.7%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$342,106

Up $14,828 (+4.5%) from 2021

Expenses

Up

$376,968

Up $91,351 (+32%) from 2021

Net Income

Down

-$34,862

Down $76,523 (-184%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $311,481Liabilities 2011: $0Net Assets 2011: $311,4812011Assets 2012: $495,099Liabilities 2012: $0Net Assets 2012: $495,0992012Assets 2013: $727,104Liabilities 2013: $0Net Assets 2013: $727,1042013Assets 2015: $794,939Liabilities 2015: $0Net Assets 2015: $794,9392015Assets 2016: $961,447Liabilities 2016: $0Net Assets 2016: $961,4472016Assets 2017: $808,349Liabilities 2017: $0Net Assets 2017: $808,3492017Assets 2018: $989,405Liabilities 2018: $0Net Assets 2018: $989,4052018Assets 2019: $1,105,774Liabilities 2019: $0Net Assets 2019: $1,105,7742019Assets 2020: $902,560Liabilities 2020: $0Net Assets 2020: $902,5602020Assets 2021: $944,221Liabilities 2021: $0Net Assets 2021: $944,2212021Assets 2022: $909,359Liabilities 2022: $0Net Assets 2022: $909,3592022Assets 2023: $546,675Liabilities 2023: $0Net Assets 2023: $546,6752023Assets 2024: $500,896Liabilities 2024: $0Net Assets 2024: $500,8962024Assets 2025: $536,172Liabilities 2025: $0Net Assets 2025: $536,1722025

Highlighted filing

2022

Assets$909,359
Liabilities$0
Net Assets$909,359

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $266,589Expenses 2011: $125,540Net Income 2011: $141,0492011Revenue 2012: $277,325Expenses 2012: $93,707Net Income 2012: $183,6182012Revenue 2013: $325,289Expenses 2013: $93,284Net Income 2013: $232,0052013Revenue 2015: $318,220Expenses 2015: $164,830Net Income 2015: $153,3902015Revenue 2016: $317,408Expenses 2016: $150,900Net Income 2016: $166,5082016Revenue 2017: $284,924Expenses 2017: $438,022Net Income 2017: -$153,0982017Revenue 2018: $359,598Expenses 2018: $178,542Net Income 2018: $181,0562018Revenue 2019: $370,167Expenses 2019: $253,798Net Income 2019: $116,3692019Revenue 2020: $342,577Expenses 2020: $545,791Net Income 2020: -$203,2142020Revenue 2021: $327,278Expenses 2021: $285,617Net Income 2021: $41,6612021Revenue 2022: $342,106Expenses 2022: $376,968Net Income 2022: -$34,8622022Revenue 2023: $302,943Expenses 2023: $665,627Net Income 2023: -$362,6842023Revenue 2024: $343,274Expenses 2024: $389,053Net Income 2024: -$45,7792024Revenue 2025: $377,360Expenses 2025: $342,084Net Income 2025: $35,2762025

Highlighted filing

2022

Revenue$342,106
Expenses$376,968
Net Income-$34,862
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 11, 2023
Return Version
2021v4.2
Gross Receipts
$342,106
Mission and Program Overview

Mission

To function as a labor-management cooperation committee.

Promote electrical construction industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$849,374$871,140▲ $21,766
Cash and Non-Interest-Bearing Accounts$94,847$38,219▼ $56,628
Total Assets$944,221$909,359▼ $34,862
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$944,221$909,359▼ $34,862
Total Net Assets Fund Balance$944,221$909,359▼ $34,862
Total Liabilities and Net Assets / Fund Balance$944,221$909,359▼ $34,862
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan FergusonDirector
David MandersonDirector
Eric JahnkeDirector
Jamie HawthorneDirector
Jeff HeimerlDirector
Jennifer MudgeDirector
Richard MorrisDirector
Seaen KosmidesDirector
John KripotosDirector - Past
Tim DulasDirector - Past
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$341,490
Investment Income
$616
Other Revenue
$0
Change in Net Assets
$-34,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$361,968
Grants and Similar Amounts Paid$15,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$242,094
Payments to Affiliates---$81,512
Conferences and Meetings---$31,420
Grants to Domestic Orgs---$15,000
Fees for Services Accounting---$5,250
Insurance---$1,200
Office Expenses---$366
Fees for Services Legal---$126
Total Functional Expenses$0$0$0$376,968
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Girl Scouts of Mn and Wi River Valleys IncSt Paul, MN501c3Donation$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Union directors are appointed by currently seated union directors on behalf of the participating local union. Employer directors are appointed by currently seated employer directors on behalf of participating employers.

Form 990, Part VI, Section A, Line 8B

There are no committees with the authority to act on behalf of the governing body.

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

Form 990 is provided to and reviewed by the entire board of directors before it is filed.

Form 990, Part VI, Section C, Line 19

The fund makes its governing documents and financial statements available upon request at the fund's office in st. Louis park, minnesota.

Filing and Contact Details

Filer

Filer Name
Minneapolis Electrical Industry
EIN
41-1525311
Phone
9525911800
Address
600 HIGHWAY 169 SOUTH 640, ST LOUIS PARK, MN 55426

Signing Officer

Name
David Manderson
Title
Director
Phone
9525911800
Signed
2023-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Manderson
Formed
1984
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Legacy Professionals Llp
Address
6800 FRANCE AVENUE SO SUITE 550, EDINA, MN 55435
Preparer
Larry Wood
Phone
3123680500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require the fund to evaluate tax positions taken and recognize a tax liability if the fund has taken uncertain tax positions that more likely than not would not be sustained upon examination by tax authorities. The fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix320 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/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR - PAST
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR - PAST
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE FUND TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF THE FUND HAS TAKEN UNCERTAIN TAX POSITIONS THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FUND EXERCISES DUE DILIGENCE PRIOR TO GIVING GRANTS OR OTHER ASSISTANCE. GRANTS OR OTHER ASSISTANCE ARE APPROVED BY THE BOARD OF DIRECTORS EITHER THROUGH THE BUDGET PROCESS OR THROUGH BOARD ACTION AND ARE MADE FOR THE GENERAL USE OF THE ORGANIZATIONS AND INDIVIDUALS THAT RECEIVE THEM. DOCUMENTATION FOR ALL GRANTS AND OTHER ASSISTANCE IS RETAINED AT THE FUND'S OFFICE. THERE IS NO ADDITIONAL MONITORING ONCE THE GRANT OR OTHER ASSISTANCE HAS BEEN GIVEN.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UNION DIRECTORS ARE APPOINTED BY CURRENTLY SEATED UNION DIRECTORS ON BEHALF OF THE PARTICIPATING LOCAL UNION. EMPLOYER DIRECTORS ARE APPOINTED BY CURRENTLY SEATED EMPLOYER DIRECTORS ON BEHALF OF PARTICIPATING EMPLOYERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PROVIDED TO AND REVIEWED BY THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FUND MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT THE FUND'S OFFICE IN ST. LOUIS PARK, MINNESOTA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalRevenueGrp/ExclusionAmt0616
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0341490
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0342106
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0944221
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0909359
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0600 HIGHWAY 169 SOUTH 640
IRS990/USAddress/CityNm0ST LOUIS PARK
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055426
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID MANDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09525911800
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNEAPOLIS ELECTRICAL INDUSTRY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MARKET IMPROVEMENT FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0411525311
ReturnHeader/Filer/PhoneNum09525911800
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 HIGHWAY 169 SOUTH 640
ReturnHeader/Filer/USAddress/CityNm0ST LOUIS PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055426
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320043599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEGACY PROFESSIONALS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06800 FRANCE AVENUE SO SUITE 550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDINA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055435
ReturnHeader/PreparerPersonGrp/PhoneNum03123680500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY WOOD
ReturnHeader/ReturnTs02023-07-12T13:23:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MANDERSON
ReturnHeader/TaxPeriodBeginDt02021-09-01
ReturnHeader/TaxPeriodEndDt02022-08-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.38$0.34$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.34$0.39$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.30$0.67$0.36
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.34$0.38$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.33$0.29$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.34$0.55$0.20
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.37$0.25$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.36$0.18$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.28$0.44$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.32$0.15$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.32$0.16$0.15
2013Summary only. Only limited summary data is available for this year.$0.73$0.00$0.73$0.33$0.09$0.23
2012Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$0.28$0.09$0.18
2011Summary only. Only limited summary data is available for this year.$0.31$0.00$0.31$0.27$0.13$0.14