Civic Intelligence

Minnesota Milk Bank for Babies

990EZ • Fiscal year 2019 • EIN 46-0845657

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 28, 2020

2525 Nevada Ave N Suite 304Golden Valley, MN 55427

(763) 546-8051

Siviq Scores

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

Liabilities / Assets

97th percentile

2.20x

Higher debt load relative to assets than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

2.43x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

3rd percentile

-209%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-32%

Faster revenue growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$99,624

Down $14,433 (-13%) from 2018

Net Assets

-$119,123

No earlier filing loaded for comparison.

Liabilities

Up

$218,747

Up $174,035 (+389%) from 2018

Revenue

Down

$90,072

Down $41,759 (-32%) from 2018

Expenses

Up

$278,540

Up $189,720 (+214%) from 2018

Net Income

Down

-$188,468

Down $231,479 (-538%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $56Net Assets 2012: $562012Assets 2014: $1,350Net Assets 2014: $1,3502014Assets 2015: $2,181Net Assets 2015: $2,1812015Assets 2016: $2,688Net Assets 2016: $2,6882016Assets 2017: $26,334Net Assets 2017: $26,3342017Assets 2018: $114,057Liabilities 2018: $44,7122018Assets 2019: $99,624Liabilities 2019: $218,747Net Assets 2019: -$119,1232019Assets 2020: $151,569Liabilities 2020: $183,989Net Assets 2020: -$32,4202020Assets 2021: $513,390Liabilities 2021: $105,607Net Assets 2021: $407,7832021Assets 2022: $861,992Liabilities 2022: $94,600Net Assets 2022: $767,3922022Assets 2023: $2,113,613Liabilities 2023: $898,335Net Assets 2023: $1,215,2782023Assets 2024: $2,308,282Liabilities 2024: $860,532Net Assets 2024: $1,447,7502024

Highlighted filing

2019

Assets$99,624
Liabilities$218,747
Net Assets-$119,123

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2012: $1,821Expenses 2012: $1,765Net Income 2012: $562012Revenue 2014: $2,006Expenses 2014: $2,082Net Income 2014: -$762014Revenue 2015: $14,290Expenses 2015: $13,459Net Income 2015: $8312015Revenue 2016: $2,947Expenses 2016: $2,440Net Income 2016: $5072016Revenue 2017: $47,138Expenses 2017: $23,492Net Income 2017: $23,6462017Revenue 2018: $131,831Expenses 2018: $88,820Net Income 2018: $43,0112018Revenue 2019: $90,072Expenses 2019: $278,540Net Income 2019: -$188,4682019Revenue 2020: $542,411Expenses 2020: $455,708Net Income 2020: $86,7032020Revenue 2021: $1,159,717Expenses 2021: $691,614Net Income 2021: $468,1032021Revenue 2022: $1,381,741Expenses 2022: $1,022,132Net Income 2022: $359,6092022Revenue 2023: $1,512,002Expenses 2023: $1,064,116Net Income 2023: $447,8862023Revenue 2024: $1,630,895Expenses 2024: $1,398,423Net Income 2024: $232,4722024

Highlighted filing

2019

Revenue$90,072
Expenses$278,540
Net Income-$188,468
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 28, 2020
Return Version
2019v5.0
Gross Receipts
$90,072
Mission and Program Overview

Mission

Minnesota milk bank for babies is a fundraising organization that is working to create a non-profit milk bank to be located in minnesota. The mission of minnesota milk bank for babies is to improve infant health outcomes by ensuring that medically vulnerable babies, in minnesota and upper midwest, have access to safely pasteurized life-giving human donor milk when mother's milk is unavailable or in low supply.

Minnesota milk bank for babies is a fundraising organization that is working tocreate a non-profit milk bank to be located in minnesota. The mission of minnesota milk bank for babies is for pasteurized donor human breast milk to be available for premature and newborn babies with health challenges by establishing a non-profit human milk bank for minnesota and surrounding regions.

Program Services

DescriptionGrantsExpenses
IN 2018, DONATIONS WERE USED TO PAY FOR MEMBERSHIP DUES TO HMBANA. ALSO TO SET UP THE WEBSITE AND PAY CONSULTANTS. THE DONATIONS WERE ALSO USED TO RENT A LOCATION AND PAY STAFF FOR SERVICES PROVIDED TO THE ORGANIZATION.-$263,091
IN 2018, DONATIONS WERE USED TO PURCHASE EQUIPMENT FOR THE BENEFIT OF THE ORGANIZATION.-$15,449
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
EMILY VAN ESSEN RNSecretary-$0--
BRIDGET RYAN MATreasurer-$0--
RENEE TORBENSON MABoard Member-$0--
JILL LINDQUIST RNChair-$0--
LINDA DECH MPHExecutive Di-$0--
PAMELA HEGGIE MDMedical Dire-$0--
Filing and Contact Details

Filer

Filer Name
Minnesota Milk Bank for Babies
EIN
46-0845657
Phone
7635468051
Address
2525 NEVADA AVE N SUITE 304, GOLDEN VALLEY, MN 55427

Signing Officer

Name
Bridget Ryan Ma
Title
Treasurer
Phone
6125904973
Signed
2020-07-28

Preparer

Firm
Peggy S Schumm CPA Ltd
Address
750 CENTRAL AVE E SUITE 201, SAINT MICHAEL, MN 55376-4585
Preparer
Peggy S Schumm
Phone
7634977817
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office supplies 8,784 fees 2,338 website 2,664 conferences 6,972 interest 5,904 insurance 4,187 bottles 2,280 freight 671 new milk depot expenses 1,305 production expenses 24,267 non-investment depreciation 9,545 total 68,917

Form 990-ez, Part II, Line 24

Inventories for sale or use 0 880 40,378 70,648 less accumulated depreciation 1,373 10,917 security deposit 3,628 3,628 total 42,633 64,239

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 4,712 13,747 unsecured notes and loans payable 40,000 205,000

Form 990-ez, Part III

Minnesota milk bank for babies is a fundraising organization that is working tocreate a non-profit milk bank to be located in minnesota. The mission of minnesota milk bank for babies is for pasteurized donor human breast milk to be available for premature and newborn babies with health challenges by establishing a non-profit human milk bank for minnesota and surrounding regions.

Form 990-ez, Part III, Line 31

In 2018, donations were used to purchase equipment for the benefit of the organization.

Raw XML Appendix154 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GOLDEN VALLEY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JILL LINDQUIST RN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LINDA DECH MPH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5PAMELA HEGGIE MD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5MEDICAL DIRE
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0MINNESOTA MILK BANK FOR BABIES IS A FUNDRAISING ORGANIZATION THAT IS WORKING TOCREATE A NON-PROFIT MILK BANK TO BE LOCATED IN MINNESOTA. THE MISSION OF MINNESOTA MILK BANK FOR BABIES IS FOR PASTEURIZED DONOR HUMAN BREAST MILK TO BE AVAILABLE FOR PREMATURE AND NEWBORN BABIES WITH HEALTH CHALLENGES BY ESTABLISHING A NON-PROFIT HUMAN MILK BANK FOR MINNESOTA AND SURROUNDING REGIONS.
IRS990EZ/ProgramServiceRevenueAmt019905
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES 8,784 FEES 2,338 WEBSITE 2,664 CONFERENCES 6,972 INTEREST 5,904 INSURANCE 4,187 BOTTLES 2,280 FREIGHT 671 NEW MILK DEPOT EXPENSES 1,305 PRODUCTION EXPENSES 24,267 NON-INVESTMENT DEPRECIATION 9,545 TOTAL 68,917
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVENTORIES FOR SALE OR USE 0 880 40,378 70,648 LESS ACCUMULATED DEPRECIATION 1,373 10,917 SECURITY DEPOSIT 3,628 3,628 TOTAL 42,633 64,239
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 4,712 13,747 UNSECURED NOTES AND LOANS PAYABLE 40,000 205,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MINNESOTA MILK BANK FOR BABIES IS A FUNDRAISING ORGANIZATION THAT IS WORKING TOCREATE A NON-PROFIT MILK BANK TO BE LOCATED IN MINNESOTA. THE MISSION OF MINNESOTA MILK BANK FOR BABIES IS FOR PASTEURIZED DONOR HUMAN BREAST MILK TO BE AVAILABLE FOR PREMATURE AND NEWBORN BABIES WITH HEALTH CHALLENGES BY ESTABLISHING A NON-PROFIT HUMAN MILK BANK FOR MINNESOTA AND SURROUNDING REGIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN 2018, DONATIONS WERE USED TO PURCHASE EQUIPMENT FOR THE BENEFIT OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIDGET RYAN MA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06125904973
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA MILK BANK FOR BABIES
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0460845657
ReturnHeader/Filer/PhoneNum07635468051
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0750 CENTRAL AVE E SUITE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAINT MICHAEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0553764585
ReturnHeader/PreparerPersonGrp/PhoneNum07634977817
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PEGGY S SCHUMM
ReturnHeader/ReturnTs02020-08-13T17:17:59-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings