Nonprofit · EIN 41-1588666
SOURCE MN INC
Tax-exempt · MINNEAPOLIS, MN 55408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $3,759,485 | $3,546,818 | $212,667 | $3,251,389 | $474,239 | $2,777,150 |
| August 31, 2024 | 990 | $3,948,603 | $3,910,742 | $37,861 | $3,039,031 | $490,140 | $2,548,891 |
| August 31, 2023 | 990 (amended) | $3,130,830 | $3,016,305 | $114,525 | $3,018,403 | $527,149 | $2,491,254 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $3,658,104
- of which government grants
- $25,511
- Program service revenue
- $0
- Investment income
- $47,035
- Net rental income
- $43,892
- Net income from fundraising events
- $9,104
- Other revenue
- $54,346
Expenses
- Grants and similar amounts paid
- $2,237,488
- Compensation of officers, directors and key employees
- $153,250
- Other salaries and wages
- $431,531
- Salaries, compensation and benefits (total)
- $806,016
- Professional fundraising fees
- $0
- Legal fees
- $3,913
- Accounting fees
- $45,173
- Travel
- $11,312
- Depreciation
- $57,915
- Program services (functional)
- $3,230,032
- Management and general (functional)
- $316,786
Balance sheet and other
- Total assets, start of year
- $3,039,031
- Total assets, end of year
- $3,251,389
- Total liabilities, end of year
- $474,239
- Net assets, end of year
- $2,777,150
- Land, buildings and equipment
- $1,386,911
- Publicly traded securities
- $1,633,149
- Net assets without donor restrictions
- $2,716,487
- Net assets with donor restrictions
- $60,663
- Gross receipts
- $3,883,338
- Employees
- 28
- Volunteers
- 2,143
- Year formed
- 1987
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER WOHLER | PRESIDENT Officer | 40 | $61,753 | $53,497 |
| JESSICA WOHLER | VICE PRESIDENT Trustee or director, Officer | 20 | $38,000 | $0 |
| TOM STUART | CHAPLAIN Trustee or director, Officer | 1 | $0 | $0 |
| DAVID ANDERLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANDREA STEVENS | MEMBER AT LARGE Trustee or director | 1 | $0 | $0 |
| KIM NELSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NEEL MARKOFSKI | MEMBER AT LARGE Trustee or director | 1 | $0 | $0 |
| TIM BERARDINIS | MEMBER AT LARGE Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER WOHLER | PRESIDENT Officer | 40 | $57,500 | $37,500 |
| JESSICA WOHLER | MEMBER AT LARGE Trustee or director | 20 | $38,000 | $0 |
| GREG HJELLE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID ANDERLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS THOMAS | MEMBER AT LARGE Trustee or director | 1 | $0 | $0 |
| KIM NELSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER WOHLER | PRESIDENT Officer | 40 | $58,400 | $55,037 |
| JESSICA WOHLER | MEMBER AT LARGE Trustee or director | 20 | $35,600 | $1,068 |
| GREG HJELLE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID ANDERLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS THOMAS | MEMBER AT LARGE Trustee or director | 1 | $0 | $0 |
| KIM NELSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8212, MINNEAPOLIS, MN 55408-0212
- Principal officer (990 for 2024)
- PETER WOHLER, PO BOX 8212, MINNEAPOLIS, MN 55408
- Signed the 990
- PETER WOHLER, EXECUTIVE DIRECTOR/PRESIDENT
- Phone
- (612) 822-5200
- Website
- SOURCEMN.ORG
- Return prepared by
- LEWIS & MOUNT LLC
Mission
THROUGH URBAN OUTREACH AND ANTI-TRAFFICKING EFFORTS, SOURCE EMPOWERS THE AT-RISK AND UNREACHED TO MAKE A BREAK FROM THE PAST AND BUILD FOUNDATIONS FOR THE FUTURE.
Program accomplishments
- THROUGH URBAN OUTREACH AND ANTI-TRAFFICKING EFFORTS, SOURCE EMPOWERS THE AT-RISK AND UNREACHED TO MAKE A BREAK FROM THE PAST AND BUILD FOUNDATIONS FOR THE FUTURE.Expenses $3,230,032
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 41-1588666
- 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
- 1988
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,251,389
- Income (IRS master file)
- $3,883,338
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $3,759,485 | $3,546,818 | $3,251,389 | XML |
| 990 | August 2024 | $3,948,603 | $3,910,742 | $3,039,031 | XML |
| 990 | August 2023 | $3,130,830 | $3,016,305 | $3,018,403 | XML |
| 990 | August 2022 | $3,487,972 | $3,111,987 | $3,344,409 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 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 41-1588666).
Questions about SOURCE MN INC
- What is the EIN of SOURCE MN INC?
- The employer identification number (EIN) of SOURCE MN INC is 41-1588666.
- Is SOURCE MN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to SOURCE MN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOURCE 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 SOURCE MN INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOURCE MN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of SOURCE MN INC?
- The 990 for the year ended August 31, 2025 names PETER WOHLER.
- Who are the officers and directors of SOURCE MN INC?
- The 990 for the year ended August 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $61,753 (PETER WOHLER, PRESIDENT).
- How much revenue does SOURCE MN INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $3,759,485, expenses of $3,546,818 and total assets of $3,251,389 at year end.
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