Nonprofit · EIN 41-1302399
ADVERTISING FEDERATION OF MINNESOTA INC
Tax-exempt · RICHFIELD, MN 55423
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $229,247 | $323,910 | -$94,663 | $62,022 | $7,828 | $54,194 |
| June 30, 2024 | 990 | $302,604 | $281,355 | $21,249 | $159,415 | $9,003 | $150,412 |
| June 30, 2023 | 990 | $267,228 | $284,810 | -$17,582 | $137,113 | $7,579 | $129,534 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $128,339
- Membership dues
- $57,368
- Program service revenue
- $100,908
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,122
- Compensation of officers, directors and key employees
- $34,500
- Salaries, compensation and benefits (total)
- $34,500
- Professional fundraising fees
- $0
- Accounting fees
- $1,741
- Occupancy
- $17,128
- Travel
- $13,784
Balance sheet and other
- Total assets, start of year
- $159,415
- Total assets, end of year
- $62,022
- Total liabilities, end of year
- $7,828
- Net assets, end of year
- $54,194
- Gross receipts
- $229,247
- Employees
- 0
- Volunteers
- 55
- Year formed
- 1915
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kate Kearns | Executive Director Officer | 40 | $30,000 |
| Alex Ostermann | Finance Chair Trustee or director | 1 | $0 |
| Megan Faykosh | Program Manager Trustee or director | 1 | $0 |
| Brian Casey | Membership Chair Trustee or director | 1 | $0 |
| David Lovett | Membership Chair Trustee or director | 1 | $0 |
| Jack Swift | Membership Chair Trustee or director | 1 | $0 |
| Marc Liu | Sponsorship Chair Trustee or director | 1 | $0 |
| Vanessa Johnson | AdVocation Trustee or director | 1 | $0 |
| Emy Dominguez Marin | Community + Inclusion Chair Trustee or director | 1 | $0 |
| Michaela Clubb | Community + Inclusion Chair Trustee or director | 1 | $0 |
| Sara SJ Johnson | The Minnies Chair Trustee or director | 1 | $0 |
| Emily Rinde | WLP Chair Trustee or director | 1 | $0 |
| Jonny Grubb | Programs Chair Trustee or director | 1 | $0 |
| Whitney Hansen | Programs Chair Trustee or director | 1 | $0 |
| Chris Gould | Technology Chair Trustee or director | 1 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Anton Friant | President Emeritus Trustee or director | 1 | $0 |
| Hanna Olson | Ad2 Vice President Trustee or director | 1 | $0 |
| Caleb Peabody | Ad2 President Trustee or director | 1 | $0 |
| Hana Chughtai | President Trustee or director, Officer | 1 | $0 |
| Althea Larson | Vice President Trustee or director, Officer | 1 | $0 |
| Melissa O'Keefe | Secretary Trustee or director, Officer | 1 | $0 |
| Kevin Besikof | Treasurer Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Schwandt | Membership Co-Chair Trustee or director | 1 | $0 |
| Mike Voermans | Technology Chair Trustee or director | 1 | $0 |
| Vanessa Johnson | DEI Co-Chair Trustee or director | 1 | $0 |
| Althea Larson | Programs Co-Chair Trustee or director | 1 | $0 |
| Courtney Thompson | AdFed Counsel Trustee or director | 1 | $0 |
| Michael Collins | Brand Chair Trustee or director | 1 | $0 |
| Kate Kearns | Marketing Chair Trustee or director | 1 | $0 |
| Brian J Casey | Membership Co-Chair Trustee or director | 1 | $0 |
| Erin Slayton | Design Chair Trustee or director | 1 | $0 |
| Sophie Bernstorf | Programs Co-Chair Trustee or director | 1 | $0 |
| Nathan Young | DEI Chair Trustee or director | 1 | $0 |
| David Lovett | Partnership Chair Trustee or director | 1 | $0 |
| Sarah Day | Past President Trustee or director | 1 | $0 |
| Anton Friant | President Trustee or director, Officer | 2 | $0 |
| Hana April Chughtai | Vice President Trustee or director, Officer | 2 | $0 |
| Kevin Besikof | Treasurer Trustee or director, Officer | 2 | $0 |
| Jillian Voth | Secretary Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Megan Faykosh | Program Manager Trustee or director | 1 | $0 |
| Mike Voermans | Technology Chair Trustee or director | 1 | $0 |
| Amy Vold | Show Tri-Chair Trustee or director | 1 | $0 |
| Althea Larson | Show Tri-Chair Trustee or director | 1 | $0 |
| Caleb Gilbertson | Minnies Trustee or director | 1 | $0 |
| Courtney Thompson | Legislative Chair Trustee or director | 1 | $0 |
| Michael Collins | Brand Chair Trustee or director | 1 | $0 |
| Irene Buettner-Salido | Social Media Trustee or director | 1 | $0 |
| Maria Carrera | Programs Trustee or director | 1 | $0 |
| Kate Kearns | Programs Trustee or director | 1 | $0 |
| Brian J Casey | Membership Trustee or director | 1 | $0 |
| Scott Loftus | Creative Director Trustee or director | 1 | $0 |
| Erin Slayton | Graphic Designer Trustee or director | 1 | $0 |
| Sophie Bernstof | UX Director Trustee or director | 1 | $0 |
| Nathan Young | DEI Chair Trustee or director | 1 | $0 |
| David Lovett | Digital Chair Trustee or director | 1 | $0 |
| Anton Friant | President Trustee or director, Officer | 2 | $0 |
| Sarah Day | Past President Trustee or director, Officer | 2 | $0 |
| Hana April Chughtai | Vice President Trustee or director, Officer | 2 | $0 |
| Kevin Besikof | Treasurer Trustee or director, Officer | 2 | $0 |
| Carly Bjorgan | Secretary Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2200 W 66TH STREET 145, RICHFIELD, MN 55423-2131
- Principal officer (990 for 2024)
- Kate Kearns, 2200 W 66th Street 145, Richfield, MN 55423
- Signed the 990
- Kate Kearns, Executive Director
- Phone
- (612) 306-6848
- Website
- www.adfed.org
- Return prepared by
- BWK Rogers PC
Mission
The mission of the Organization is to encourage the professional growth and development of the members to encourage high standards of advertising practices to represent the advertising industry in working with governments at the federal, state and local levels in areas of mutual concern and interest.ADFED is a nonprofit, professional trade association that serves the Minnesota advertising community including agencies, advertisers, suppliers, and students. ADFED is part of the American Advertising Federation (AAF), the nation's oldest advertising trade association.
Program accomplishments
- The Show is an annual event celebrating the creative accomplishments of the Minneapolis advertising industry over the last year. It functions as the local tier of the American Advertising Awards, a national advertising competition run by the American Advertising Federation. The Show allows us to champion the creative excellence of Minneapolis agencies on a local, regional, and national level. More than 100 agencies participate in the competition, submitting more than 700 entries annually. Many locally-winning entries go on to win at the regional and national tiers of the competition. The event attracts over 850 attendees each year.
- Women's Leadership Panel This annual event serves as professional development for the local advertising community. It is also a rich networking opportunity for advertising professionals in all stages of their career. A diverse lineup of female speakers is assembled from across the advertising profession, and a moderator leads discussion about industry challenges and opportunities, the unique path of women in advertising, and how to build strong careers in today's advertising and social landscape. This event has 350+ attendees annually.
- Student Advertising Summit The Student Ad Summit is a two-day event for students and young professionals involved in advertising, public relations, marketing, and communications fields. The lineup of programming includes resume and portfolio reviews, agency visits and tours, networking opportunities, and various panel discussions and breakout sessions. This event has 200+ attendees annually.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1302399
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $62,022
- Income (IRS master file)
- $229,247
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $229,247 | $323,910 | $62,022 | XML |
| 990 | June 2024 | $302,604 | $281,355 | $159,415 | IRS |
| 990 | June 2023 | $267,228 | $284,810 | $137,113 | XML |
| 990 | June 2022 | $209,866 | $191,801 | $161,003 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 41-1302399).
Questions about ADVERTISING FEDERATION OF MINNESOTA INC
- What is the EIN of ADVERTISING FEDERATION OF MINNESOTA INC?
- The employer identification number (EIN) of ADVERTISING FEDERATION OF MINNESOTA INC is 41-1302399.
- Is ADVERTISING FEDERATION OF MINNESOTA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1984.
- Are donations to ADVERTISING FEDERATION OF MINNESOTA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ADVERTISING FEDERATION OF MINNESOTA 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 ADVERTISING FEDERATION OF MINNESOTA INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADVERTISING FEDERATION OF MINNESOTA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ADVERTISING FEDERATION OF MINNESOTA INC?
- The 990 for the year ended June 30, 2025 names Kate Kearns.
- Who are the officers and directors of ADVERTISING FEDERATION OF MINNESOTA INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 1 received compensation from the organization, the highest $30,000 (Kate Kearns, Executive Director).
- How much revenue does ADVERTISING FEDERATION OF MINNESOTA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $229,247, expenses of $323,910 and total assets of $62,022 at year end.
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