Nonprofit · EIN 41-0414540
MINNEAPOLIS CLUB INC
Tax-exempt · MINNEAPOLIS, MN 55402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,408,465 | $5,525,550 | -$1,117,085 | $11,135,808 | $7,497,912 | $3,637,896 |
| December 31, 2023 | 990 | $3,892,073 | $5,378,174 | -$1,486,101 | $11,463,218 | $6,773,089 | $4,690,129 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $593,300
- Program service revenue
- $2,951,850
- Investment income
- $1,651
- Net income from sales of inventory
- $861,664
- Other revenue
- $861,664
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,125,630
- Salaries, compensation and benefits (total)
- $1,345,667
- Professional fundraising fees
- $0
- Legal fees
- $1,959
- Accounting fees
- $137,677
- Occupancy
- $982,646
- Travel
- $2,492
- Depreciation
- $1,090,414
Balance sheet and other
- Total assets, start of year
- $11,463,218
- Total assets, end of year
- $11,135,808
- Total liabilities, end of year
- $7,497,912
- Net assets, end of year
- $3,637,896
- Land, buildings and equipment
- $8,919,069
- Gross unrelated business income
- $238,357
- Gross receipts
- $7,826,913
- Employees
- 103
- Volunteers
- 0
- Year formed
- 1885
- 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 |
|---|---|---|---|
| ARAM DESTEIAN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| WILLIAM PARKER | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| LUTHER RANHEIM | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 |
| WALLACE L SMITH | GENERAL MANAGER Trustee or director, Officer | 5 | $0 |
| NICOLE BEHM-KOEP | DIRECTOR Trustee or director | 1 | $0 |
| MILES FITTERMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH PUISHYS | DIRECTOR Trustee or director | 1 | $0 |
| JAMES KENT | DIRECTOR (THRU 2/2024) Trustee or director | 1 | $0 |
| HUDIE BROUGHTON | DIRECTOR (THRU 2/2024) Trustee or director | 1 | $0 |
| KATE GILLETTE | DIRECTOR (THRU 2/2024) Trustee or director | 1 | $0 |
| DANIEL FARLEY | DIRECTOR (THRU 2/2024) Trustee or director | 1 | $0 |
| SARGENT JOHNSON | DIRECTOR (THRU 2/2024) Trustee or director | 1 | $0 |
| JIM ULLAND | DIRECTOR (THRU 2/2024) Trustee or director | 1 | $0 |
| BRIAN PIETSCH | DIRECTOR (THRU 2/2024) Trustee or director | 1 | $0 |
| JUSTIN BARROW | DIRECTOR (THRU 2/2024) Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH RODDIS | DIRECTOR (THRU 2/2024) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATHER HANNIG | DIRECTOR OF ENGAGMENT Officer | 40 | $162,393 | $7,053 |
| MATT GRIMM | DIRECTOR OF OPERATIONS Officer | 40 | $125,156 | $1,758 |
| JAMES KENT | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JOSEPH PUISHYS | PAST PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| HUDIE BROUGHTON | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| DANIEL FARLEY | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| KATE GILLETTE | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| ARAM DESTEIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN PIETSCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM ULLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUSTIN BARROW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MILES FITTERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARGENT JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE CRAMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM HUESBSCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 729 2ND S AVE, MINNEAPOLIS, MN 55402-0000
- In care of
- % KRISTIN GRAHAM
- Principal officer (990 for 2024)
- JAMES KENT, 729 2ND AVENUE SOUTH, MINNEAPOLIS, MN 55402
- Signed the 990
- JON MOCOL, DIRECTOR BUSINESS OPERATIONS
- Phone
- (612) 332-2292
- Website
- WWW.MPLSCLUB.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE MINNEAPOLIS CLUB IS A PRIVATE CITY CLUB THAT BRINGS TOGETHER AN ENGAGED COMMUNITY OF TALENTED AND DIVERSE PEOPLE, CONNECTING THEM SOCIALLY AND PROFESSIONALLY THROUGH EXTRAORDINARY EXPERIENCES.
Program accomplishments
- THE MINNEAPOLIS CLUB PROVIDES SERVICES TYPICAL OF A SOCIAL AND RECREATION CLUB TO ITS 712 MEMBERS, INCLUDING MEMBER DINING, CONCIERGE SERVICES, A BUSINESS CENTER, A FITNESS CENTER, GOLF PRIVILEGES AND RECIPROCITY WITH OTHER SOCIAL CLUBS.
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
- 41-0414540
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1934
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $11,135,808
- Income (IRS master file)
- $7,826,913
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,408,465 | $5,525,550 | $11,135,808 | XML |
| 990 | December 2023 | $3,892,073 | $5,378,174 | $11,463,218 | XML |
| 990 | December 2022 | $3,322,210 | $4,856,740 | $12,790,105 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 41-0414540).
Questions about MINNEAPOLIS CLUB INC
- What is the EIN of MINNEAPOLIS CLUB INC?
- The employer identification number (EIN) of MINNEAPOLIS CLUB INC is 41-0414540.
- Is MINNEAPOLIS CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1934.
- Are donations to MINNEAPOLIS CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MINNEAPOLIS CLUB 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 MINNEAPOLIS CLUB 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 MINNEAPOLIS CLUB 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 MINNEAPOLIS CLUB INC?
- The 990 for the year ended December 31, 2024 names JAMES KENT.
- Who are the officers and directors of MINNEAPOLIS CLUB INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does MINNEAPOLIS CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,408,465, expenses of $5,525,550 and total assets of $11,135,808 at year end.
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All nonprofits in MINNEAPOLIS · Minnesota · Recreation and sports