Nonprofit · EIN 84-4160755
MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP
Tax-exempt · SAINT CLOUD, MN 56303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $386,210 | $263,179 | $123,031 | $229,047 | $28,162 | $200,885 |
| December 31, 2023 | 990-EZ | $78,447 | $146,319 | -$67,872 | $78,612 | $758 | $77,854 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $384,378
- Program service revenue
- $0
- Investment income
- $1,253
- Net income from fundraising events
- $438
- Other revenue
- $579
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $69,045
- Salaries, compensation and benefits (total)
- $78,299
- Professional fundraising fees
- $20,000
- Legal fees
- $26
- Accounting fees
- $32,355
- Travel
- $10,682
- Program services (functional)
- $165,934
- Management and general (functional)
- $59,685
- Fundraising (functional)
- $37,560
Balance sheet and other
- Total assets, start of year
- $78,612
- Total assets, end of year
- $229,047
- Total liabilities, end of year
- $28,162
- Net assets, end of year
- $200,885
- Net assets without donor restrictions
- $200,885
- Gross receipts
- $390,072
- Employees
- 1
- Volunteers
- 6
- Year formed
- 2020
- 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 | Other / benefits |
|---|---|---|---|---|
| KIRSTEN KENNEDY | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $62,246 | $6,800 |
| ANDY DALY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA QUALEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NICOLE BEHM-KOEP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER RYBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED CASLAVKA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| STAVE STORKAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIRSTEN KENNEDY | EXECUTIVE DIRECTOR | 30 | $55,800 | $9,600 |
| ANDY DALY | DIRECTOR | 1 | $0 | $0 |
| LAURA QUALEY | DIRECTOR | 1 | $0 | $0 |
| NICOLE BEHM-KOEP | DIRECTOR | 1 | $0 | $0 |
| ROGER RYBERG | DIRECTOR | 1 | $0 | $0 |
| THOMAS CROUSE | DIRECTOR | 1 | $0 | $0 |
| SUE CROCKETT | CHAIR | 1 | $0 | $0 |
| FRED CASLAVKA | VICE CHAIR | 1 | $0 | $0 |
| STEVE STORKAN | TREASURER | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1420 8TH AVE N, SAINT CLOUD, MN 56303-1905
- In care of
- % SUE CROCKETT
- Principal officer (990 for 2024)
- FRED CASLAVKA, 1420 8TH AVENUE NORTH, SAINT CLOUD, MN 56303
- Signed the 990
- FRED CASLAVKA, TREASURER
- Phone
- (763) 639-4111
- Website
- WWW.MNCEO.ORG
- Return prepared by
- REDPATH AND COMPANY LLC
Mission
MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP, INC. (MNCEO) IS AN EDUCATIONAL NONPROFIT CORPORATION THAT IS DEDICATED TO PROTECTING JOBS, INCREASING COMMUNITY WEALTH, AND CREATING A MORE VIBRANT, INCLUSIVE ECONOMY. WE HELP BUSINESS OWNERS TRANSITION TO EMPLOYEE OWNERSHIP THROUGH EDUCATION, RESOURCES, AND EXPERT GUIDANCE. THESE TRANSITIONS NOT ONLY PRESERVE JOBS BUT ALSO STRENGTHEN COMMUNITIES AND CREATE LASTING FINANCIAL OPPORTUNITIES FOR EMPLOYEES. WHICH BUILDS A MORE INCLUSIVE AND RESILIENT ECONOMY FOR ALL MINNESOTANS.
Program accomplishments
- MNCEO ORGANIZES WORKSHOPS AND PRESENTATIONS AT VARIOUS LOCATIONS THROUGHOUT MINNESOTA THROUGH OUR AMBASSADOR PROGRAM. WE EXPLAIN THE DIFFERENT MODELS FOR EMPLOYEE OWNERSHIP AND ADVISE ABOUT HOW BEST TO TRANSITION INTO ONE OF THOSE OPTIONS. EMPLOYEE OWNERSHIP EDUCATION IS A CRITICAL TOOL TO ACHIEVE OUR ECONOMIC DEVELOPMENT GOALS. BY EDUCATING THE PUBLIC ON EMPLOYEE OWNERSHIP, WE HOPE TO PROMOTE EQUITY AND INCLUSION BY EXPANDING ECONOMIC OPPORTUNITY, PARTICULARLY FOR THE BENEFIT OF TRADITIONALLY DISADVANTAGED GROUPS. ADDITIONALLY, WE HELP CONNECT INTERESTED BUSINESSES TO ORGANIZATIONS THAT CAN ASSIST THEM IN TRANSITIONING TO A WORKER OWNER MODEL. WE PARTICIPATED IN 19 CONFERENCES, WITH 14 DISPLAYS AND 38 PRESENTATIONS WITH 1016 ATTENDEES. THE MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP (MNCEO) PARTNERED WITH THE NORTH CAROLINA EMPLOYEE OWNERSHIP CENTER (NCEOC) TO CONVENE TWO AMBASSADOR PROGRAM COHORTS- THE EMPLOYEE OWNERSHIP AMBASSADOR PROGRAM HAS BEEN DESIGNED AS A 4-WEEK PROGRAM WITH VIRTUAL MEETINGS AND INDEPENDENT LEARNING MODULES. A DEEP DIVE INTO: EMPLOYEE STOCK OWNERSHIP PLANS, EMPLOYEE OWNERSHIP TRUSTS AND WORKER OWNED COOPERATIVES, TRAINING 48 ADVISORS, SMALL BUSINESS OWNERS, ECONOMIC DEVELOPMENT LEADERS AND COMMUNITY LEADERS. WE ALSO CREATED AN EMPLOYEE OWNERSHIP TRUSTS AND WORKER OWNED COOPERATIVES, TRAINING 48 ADVISORS, SMALL BUSINESS OWNERS, ECONOMIC DEVELOPMENT LEADERS AND COMMUNITY LEADERS. MNCEO CONTINUED TO CONVENE AND LEAD THE MN BROAD EMPLOYEE OWNERSHIP WORKING GROUP WITH ADVISORS FROM: WORKER OWNED COOPERATIVES (WOCS), EMPLOYEE OWNERSHIP TRUSTS (EOTS) AND EMPLOYEE STOCK OWNERSHIP PLANS (ESOPS) TO CREATE A ROBUST BROAD EMPLOYEE OWNERSHIP MARKETPLACE TO EVERY REGION IN MINNESOTA. WE REACHED OUT TO 139 NEW PARTNER ORGANIZATIONS WITH 56 NEW PARTNER LEADS AND 23 PARTNER COLLABORATIONS. AS A RESULT WE HAD 25 BUSINESSES CONTACT MNCEO TO EXPLORE EMPLOYEE OWNERSHIP MODELS WITH OVER 45 REFERRALS TO SERVICES PROVIDERS. WE CREATED OUR MN TOP 50 ESOPS REPORT IN PARTNERSHIP WITH THE OHIO CENTER FOR EMPLOYEE OWNERSHIP AT KENT STATE.MNCEO PARTNERED WITH THE EAST CENTRAL REGIONAL DEVELOPMENT COMMISSION, REGIONAL ECONOMIC DEVELOPMENT LEADERS, REGIONAL HRA-EDAS, LOCAL GOVERNMENTS AND REGIONAL COMMISSIONS TO STAND UP A REGIONAL BROAD EMPLOYEE OWNERSHIP MARKETPLACE. THIS WAS A FOCUSED WORK OUTSIDE OF THE TWIN CITIES METRO. WE HAD 12 EMPLOYEE OWNERSHIP 101 PRESENTATIONS, COUNTYWIDE- 5 FULL DAYS OF (BARNSTORMING)-INTRODUCING BROAD EMPLOYEE OWNERSHIP TO: CITY ADMINISTRATORS, ECONOMIC DEVELOPMENT COMMISSIONS, BANKS, AND SMALL BUSINESS OWNERS. MNCEO CREATED THE WORKER CO. MN EDITION PODCAST TO TELL THE STORIES OF HOW EMPLOYEE OWNERSHIP TRANSFORMED THEIR MINNESOTA COMPANIES. OUR FIRST FIVE EPISODE INCLUDED: WINDINGS, INC A MATURE EMPLOYEE STOCK OWNERSHIP PLAN, WESCOM, INC. A YEAR OLD EMPLOYEE STOCK OWNERSHIP PLAN, ROOM AND BOARD, A BRAND NEW EMPLOYEE STOCK OWNERSHIP PLAN, THE IMPROVE GROUP, A WORKER OWNED COOPERATIVE AND CODEWEAVERS, MINNESOTA'S FIRST EMPLOYEE OWNERSHIP TRUST. IN 2025 WE ARE CREATING A WORKER CO. TOOLKIT FOR OTHER STATE CENTERS TO USE. CREATING THE PODCASTS GIVES US ANOTHER AVENUE FOR SPREADING THE WORD ABOUT DIFFERENT MODELS OF EMPLOYEE OWNERSHIP. WE ARE ABLE TO REACH MANY OF THE PUBLIC AS WELL AS SHARE SPECIFIC EXAMPLES OF BUSINESSES THAT DID THE WORK OF SWITCHING AND ARE THRIVING BECAUSE OF IT.Expenses $165,934 · revenue $1,394
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-EZ on file |
IRS record
- EIN
- 84-4160755
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $229,047
- Income (IRS master file)
- $390,072
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $386,210 | $263,179 | $229,047 | XML |
| 990-EZ | December 2023 | $78,447 | $146,319 | $78,612 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 84-4160755).
Questions about MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP
- What is the EIN of MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP?
- The employer identification number (EIN) of MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP is 84-4160755.
- Is MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP 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 MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP 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 MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP 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 MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP?
- The 990 for the year ended December 31, 2024 names FRED CASLAVKA.
- Who are the officers and directors of MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $62,246 (KIRSTEN KENNEDY, EXECUTIVE DIRECTOR).
- How much revenue does MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $386,210, expenses of $263,179 and total assets of $229,047 at year end.
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