Nonprofit · EIN 45-3579582
MNI SOTA FUND
Tax-exempt · MINNEAPOLIS, MN 55404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,293,622 | $1,536,247 | $757,375 | $4,921,064 | $3,259,636 | $1,661,428 |
| December 31, 2023 | 990 | $781,589 | $917,070 | -$135,481 | $2,474,416 | $1,570,413 | $904,003 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,220,424
- Program service revenue
- $4,112
- Investment income
- $69,086
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $612,749
- Salaries, compensation and benefits (total)
- $745,512
- Professional fundraising fees
- $0
- Accounting fees
- $118,781
- Occupancy
- $48,898
- Depreciation
- $4,734
- Program services (functional)
- $1,013,126
- Management and general (functional)
- $241,152
- Fundraising (functional)
- $281,969
Balance sheet and other
- Total assets, start of year
- $2,474,416
- Total assets, end of year
- $4,921,064
- Total liabilities, end of year
- $3,259,636
- Net assets, end of year
- $1,661,428
- Land, buildings and equipment
- $9,840
- Net assets without donor restrictions
- $1,536,428
- Net assets with donor restrictions
- $125,000
- Gross receipts
- $2,293,622
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- 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 |
|---|---|---|---|
| KIT FORDHAM | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $132,013 |
| COLE ST ARNOLD | MEMBER Trustee or director | 1 | $0 |
| JOHN WILLIAMS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAUL WENELL JR | TREASURER Trustee or director | 1 | $0 |
| JASON DECKER | MEMBER Trustee or director | 1 | $0 |
| ANDREA REESE | MEMBER Trustee or director | 1 | $0 |
| KELLY SAM | MEMBER Trustee or director | 1 | $0 |
| ADRIENNE BENJAMIN | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIT FORDHAM | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $128,285 |
| COLE ST ARNOLD | DIRECTOR Trustee or director | 1 | $0 |
| JOHN WILLIAMS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KELLY SAM | DIRECTOR Trustee or director | 1 | $0 |
| ADRIENNE BENJAMIN | DIRECTOR Trustee or director | 1 | $0 |
| PAUL WENELL JR | DIRECTOR Trustee or director | 1 | $0 |
| JASON DECKER | DIRECTOR Trustee or director | 1 | $0 |
| ANDREA REESE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1530 E FRANKLIN AVE, MINNEAPOLIS, MN 55404-2136
- Principal officer (990 for 2024)
- ANDREA REESE, 1530 E FRANKLIN AVE, MINNEAPOLIS, MN 55404
- Signed the 990
- ANDREA REESE, INTERIM EXECUTIVE DIRECTOR
- Phone
- (612) 225-0480
- Website
- MNISOTAFUND.ORG
- Return prepared by
- SERAKOS LTD
Mission
SEE SCHEDULE O
Program accomplishments
- PROVIDED FINANCIAL EDUCATION AND COUNSELING IN THE AMERICAN INDIAN COMMUNITYExpenses $405,250 · revenue $1,592,911
- PROVIDED FIRST TIME HOMEBUYER COURSEWORK AND ONE ON ONE COUNSELING IN THE AMERICAN INDIAN COMMUNITY.Expenses $354,594
- PROVIDED TECHNICAL ASSISTANCE AND COURSES ON LAUNCHING AND OPERATING A BUSINESS.Expenses $253,282
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
- 45-3579582
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $4,921,064
- Income (IRS master file)
- $2,293,622
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,293,622 | $1,536,247 | $4,921,064 | IRS |
| 990 | December 2023 | $781,589 | $917,070 | $2,474,416 | XML |
| 990 | December 2022 | $362,785 | $816,836 | $1,499,828 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 45-3579582).
Questions about MNI SOTA FUND
- What is the EIN of MNI SOTA FUND?
- The employer identification number (EIN) of MNI SOTA FUND is 45-3579582.
- Is MNI SOTA FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to MNI SOTA FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MNI SOTA FUND 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 MNI SOTA FUND 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 MNI SOTA FUND 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 MNI SOTA FUND?
- The 990 for the year ended December 31, 2024 names ANDREA REESE.
- Who are the officers and directors of MNI SOTA FUND?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $132,013 (KIT FORDHAM, EXECUTIVE DIRECTOR).
- How much revenue does MNI SOTA FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,293,622, expenses of $1,536,247 and total assets of $4,921,064 at year end.
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All nonprofits in MINNEAPOLIS · Minnesota · Community improvement and capacity building