Nonprofit · EIN 41-1710776
MASTERWORKS OF MINNEAPOLIS INC
Tax-exempt · MINNEAPOLIS, MN 55418
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,242,372 | $1,329,354 | -$86,982 | $405,099 | $71,067 | $334,032 |
| December 31, 2023 | 990 | $1,188,661 | $1,249,233 | -$60,572 | $502,095 | $81,081 | $421,014 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,242,230
- Program service revenue
- $0
- Investment income
- $132
- Other revenue
- $10
Expenses
- Grants and similar amounts paid
- $115,113
- Compensation of officers, directors and key employees
- $93,089
- Other salaries and wages
- $615,186
- Salaries, compensation and benefits (total)
- $790,901
- Professional fundraising fees
- $0
- Accounting fees
- $4,152
- Occupancy
- $293,887
- Depreciation
- $7,964
- Program services (functional)
- $1,148,786
- Management and general (functional)
- $172,802
- Fundraising (functional)
- $7,766
Balance sheet and other
- Total assets, start of year
- $502,095
- Total assets, end of year
- $405,099
- Total liabilities, end of year
- $71,067
- Net assets, end of year
- $334,032
- Land, buildings and equipment
- $39,318
- Publicly traded securities
- $278,654
- Net assets without donor restrictions
- $334,032
- Gross receipts
- $1,242,372
- Employees
- 39
- Volunteers
- 25
- Year formed
- 1992
- 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 |
|---|---|---|---|
| STEVE ANDERSON | TREASURER Trustee or director | 2 | $0 |
| EDUARDO DOMENZAIN | DIRECTOR Trustee or director | 2 | $0 |
| JEFFREY SPRINKEL | CHAIRPERSON Trustee or director | 2 | $0 |
| STEVE VRANYES | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE ANDERSON | TREASURER Trustee or director | 2 | $0 |
| EDUARDO DOMENZAIN | DIRECTOR Trustee or director | 2 | $0 |
| JEFFREY SPRINKEL | CHAIRPERSON Trustee or director | 2 | $0 |
| STEVE VRANYES | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2915 PENTAGON DR, MINNEAPOLIS, MN 55418-3208
- Principal officer (990 for 2024)
- JEFFREY SPRINKEL, 2915 PENTAGON DR, ST ANTHONY, MN 55418
- Signed the 990
- JENS PAULSON, EXECUTIVE DIRECTOR
- Phone
- (612) 706-3223
- Return prepared by
- JEFFREY D REIMER CPA PLLC
Mission
PROVISION OF ECONOMIC SELF-SUFFICIENCY AND LIFE DEVELOPMENT SKILLS TO PEOPLE WITH BARRIERS TO EMPLOYMENT IN THE INNER-CITY OF MINNEAPOLIS THROUGH EMPLOYMENT AT COMPETITIVE WAGES AND INSTRUCTION, THEREBY REDUCING THE CYCLE OF DEPENDENCY ALL WHILE EVANGELIZING THEM IN THE LIFE CHANGING REALITIES OF JESUS CHRIST.
Program accomplishments
- THE ORGANIZATION CONTINUED OPERATING HIDDEN TREASURES THRIFT STORE, EMPLOYING CLIENTS PARTICIPATING IN JOB TRAINING AND CHRISTIAN DISCIPLESHIP.Expenses $1,148,786 · grants $115,113
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
- 41-1710776
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J20)
- Assets (IRS master file)
- $405,099
- Income (IRS master file)
- $1,242,372
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,242,372 | $1,329,354 | $405,099 | XML |
| 990 | December 2023 | $1,188,661 | $1,249,233 | $502,095 | XML |
| 990 | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 41-1710776).
Questions about MASTERWORKS OF MINNEAPOLIS INC
- What is the EIN of MASTERWORKS OF MINNEAPOLIS INC?
- The employer identification number (EIN) of MASTERWORKS OF MINNEAPOLIS INC is 41-1710776.
- Is MASTERWORKS OF MINNEAPOLIS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to MASTERWORKS OF MINNEAPOLIS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MASTERWORKS OF MINNEAPOLIS 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 MASTERWORKS OF MINNEAPOLIS 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 MASTERWORKS OF MINNEAPOLIS 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 MASTERWORKS OF MINNEAPOLIS INC?
- The 990 for the year ended December 31, 2024 names JEFFREY SPRINKEL.
- Who are the officers and directors of MASTERWORKS OF MINNEAPOLIS INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does MASTERWORKS OF MINNEAPOLIS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,242,372, expenses of $1,329,354 and total assets of $405,099 at year end.
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