Nonprofit · EIN 25-1918239
BUILD WEALTH MN INC
Also known as BUILD WEALTH INTERNATIONAL
Tax-exempt · MINNEAPOLIS, MN 55411
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,314,688 | $3,676,753 | $4,637,935 | $22,543,867 | $5,466,691 | $17,077,176 |
| December 31, 2023 | 990 | $7,717,316 | $4,247,455 | $3,469,861 | $15,423,453 | $2,984,212 | $12,439,241 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,194,749
- of which government grants
- $828,357
- Program service revenue
- $538,137
- Investment income
- $751,185
- Net gain from sales of assets
- $370,641
- Net income from fundraising events
- -$213,310
- Other revenue
- -$169,383
Expenses
- Grants and similar amounts paid
- $286,000
- Compensation of officers, directors and key employees
- $497,614
- Other salaries and wages
- $1,288,685
- Salaries, compensation and benefits (total)
- $2,015,707
- Professional fundraising fees
- $20,212
- Legal fees
- $10,785
- Accounting fees
- $13,266
- Occupancy
- $136,220
- Travel
- $16,382
- Depreciation
- $64,637
- Program services (functional)
- $2,839,907
- Management and general (functional)
- $642,441
- Fundraising (functional)
- $194,405
Balance sheet and other
- Total assets, start of year
- $15,423,453
- Total assets, end of year
- $22,543,867
- Total liabilities, end of year
- $5,466,691
- Net assets, end of year
- $17,077,176
- Land, buildings and equipment
- $164,955
- Net assets without donor restrictions
- $15,052,176
- Net assets with donor restrictions
- $2,025,000
- Gross receipts
- $12,407,940
- Employees
- 23
- Volunteers
- 4
- Year formed
- 2004
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David McGee | Executive Director Officer | 40 | $497,614 | $6,101 |
| Regina McGee | Program Services Director Highest-paid employee | 40 | $138,516 | $0 |
| Jeffery Robinson | Senior Program Director Highest-paid employee | 40 | $130,747 | $0 |
| Kylie Hong | Underwriting Manager Highest-paid employee | 40 | $126,706 | $0 |
| DasJohn McGee | SPOO Highest-paid employee | 40 | $113,437 | $0 |
| Demitri McGee | Youth Director Highest-paid employee | 40 | $112,610 | $0 |
| Franklin Stovall | Director Trustee or director | 1 | $0 | $0 |
| Loretta Smith | Director Trustee or director | 1 | $0 | $0 |
| Rene Isuk | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Rochelle Washington | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Monique Bulson-Bratton | Chair Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID MCGEE | EXECUTIVE DI Officer | 50 | $432,946 |
| MONIQUE BULSON-BRATTON | DIRECTOR Trustee or director | 1 | $0 |
| FRANKLIN STOVALL | DIRECTOR Trustee or director | 1 | $0 |
| LORETTA SMITH | DIRECTOR Trustee or director | 1 | $0 |
| RENE ISUK | DIRECTOR Trustee or director | 1 | $0 |
| ROCHELLE WASHINGTON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1256 PENN AVE N 4400, MINNEAPOLIS, MN 55411-2617
- In care of
- % DAVID MCGEE
- Mailing address (990-N for 2007)
- 2100 Plymouth Avenue N Suite 104, Minneapolis MN 55411
- Principal officer (990 for 2024)
- David McGee, 1256 Penn Ave N 4400, Minneapolis, MN 55411
- Principal officer (990-N for 2007)
- David McGee, 2100 Plymouth Avenue N Suite 104, Minneapolis MN 55411
- Signed the 990
- David McGee, Executive Director
- Phone
- (612) 877-4182
- Website
- www.buildwealthmn.org
- Return prepared by
- BWK Rogers PC
Mission
Build Wealth MN's (BWMN) mission is to empower underserved communities and populations in the Twin Cities metro area to achieve social and economic wealth through community, economic, and housing development.
Program accomplishments
- Build Wealth Minnesota provides financial education, coaching/counseling, and affordable homeownership options.Expenses $2,839,907 · grants $286,000 · revenue $649,521
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 25-1918239
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $22,543,867
- Income (IRS master file)
- $12,407,940
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,314,688 | $3,676,753 | $22,543,867 | XML |
| 990 | December 2023 | $7,717,316 | $4,247,455 | $15,423,453 | XML |
| 990 | December 2022 | $8,653,347 | $4,083,420 | $11,576,662 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2007 Officer: David McGee | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 25-1918239).
Questions about BUILD WEALTH MN INC
- What is the EIN of BUILD WEALTH MN INC?
- The employer identification number (EIN) of BUILD WEALTH MN INC is 25-1918239.
- Is BUILD WEALTH MN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to BUILD WEALTH MN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUILD WEALTH MN INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUILD WEALTH MN INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUILD WEALTH MN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BUILD WEALTH MN INC?
- The 990 for the year ended December 31, 2024 names David McGee.
- Who are the officers and directors of BUILD WEALTH MN INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 6 received compensation from the organization, the highest $497,614 (David McGee, Executive Director).
- How much revenue does BUILD WEALTH MN INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,314,688, expenses of $3,676,753 and total assets of $22,543,867 at year end.
Other nonprofits in MINNEAPOLIS
- UNIVERSITY OF MINNESOTA FOUNDATION EIN 41-6042488 · last filed 990 for 2025
- ECMC GROUP INC EIN 41-1991995 · last filed 990 for 2024
- SCHOLARSHIP AMERICA INC EIN 04-2296967 · last filed 990-N for 2025
- AUGSBURG UNIVERSITY EIN 41-0694721 · last filed 990 for 2025
- READING & MATH INC EIN 47-2306902 · last filed 990 for 2025
- MINNESOTA TRANSITIONS CHARTERED SCHOOL EIN 41-1823173 · last filed 990 for 2025
- ECMC FOUNDATION EIN 41-1990628 · last filed 990 for 2024
- BRECK SCHOOL EIN 41-0693894 · last filed 990 for 2025