Nonprofit · EIN 84-5040000
MINNEAPOLIS BUSINESS MENTORS
Tax-exempt · ST LOUIS PARK, MN 55416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $99,232 | $41,508 | $57,724 | $314,164 | $447 | $313,717 |
| December 31, 2024 | 990-EZ | $120,452 | $46,549 | $73,903 | $268,924 | $1,484 | $267,440 |
| December 31, 2023 | 990-EZ | $153,117 | $26,281 | $126,836 | $191,306 | $269 | $191,037 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $12,121
- Program service revenue
- $82,573
- Other revenue
- $4,538
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $17,759
- Occupancy
- $1,080
- Other expenses
- $22,669
- Program services (functional)
- $25,012
Balance sheet and other
- Total assets, start of year
- $268,924
- Total assets, end of year
- $314,164
- Total liabilities, end of year
- $447
- Net assets, end of year
- $313,717
- Cash, savings and investments
- $310,594
- Gross receipts
- $99,232
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ART SHORE | FOUNDER, CHAIR | 1 | $0 |
| PETER BREHM | DIRECTOR | 1 | $0 |
| GREG HEINEMANN | DIRECTOR | 1 | $0 |
| FRED SOUZA | EXECUTIVE DIRECTOR, TREASURER | 1 | $0 |
| KATHY GIGURE | SECRETARY | 1 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE MENTEN | BOARD MEMBER | 1 | $0 |
| ART SHORE | BOARD MEMBER | 1 | $0 |
| PETER BREHM | BOARD MEMBER | 1 | $0 |
| GREG HEINEMANN | BOARD MEMBER | 1 | $0 |
| JERRY RUDICK | BOARD MEMBER | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE MENTEN | BOARD MEMBER | 1 | $0 |
| ART SHORE | BOARD MEMBER | 1 | $0 |
| PETER BREHM | BOARD MEMBER | 1 | $0 |
| GREG HEINEMANN | BOARD MEMBER | 1 | $0 |
| JERRY RUDICK | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5775 WAYZATA BLVD, ST LOUIS PARK, MN 55416-1222
- In care of
- % DENNIS BINGHAM
- Mailing address (990-N for 2021)
- 5775 WAYZATA BLVD SUITE 700, MINNEAPOLIS MN 55416
- Principal officer (990-N for 2021)
- JERRY RUDICK, 5775 WAYZATA BLVD SUITE 700, MINNEAPOLIS MN 55416
- Signed the 990-EZ
- FRED SOUZA, EXECUTIVE DIRECTOR, TREASURER
- Phone
- (612) 770-7900
- Website
- HTTPS://WWW.MBMENTORS.ORG
- Return prepared by
- CARPENTER EVERT & ASSOCIATES LTD
Mission
MINNEAPOLIS BUSINESS MENTORS VOLUNTEERS ARE A DIVERSE TEAM OF INDIVIDUALS BROUGHT TOGETHER BY THE MISSION TO ADVISE AND SUPPORT ENTREPRENEURS AND SMALL BUSINESS OWNERS WITH SKILLS, EXPERIENCES, KNOWLEDGE, TALENTS, AND ABILITIES TO HELP THEM START, GUIDE, AND GROW THEIR BUSINESS.
Program accomplishments
- CEO NEXT PROGRAM TO HELP PROVIDE PRACTICAL TOOLS AND TECHNIQUES FOR CEO'S, AND IS DESIGNED SPECIFICALLY FOR GROWING REGIONAL SECOND STAGE BUSINESS.Expenses $25,012
- ELEVATE IS AN INNOVATIVE MODEL TO HELP DIVERSE BUSINESSES IN HENNEPIN COUNTY NOT ONLY RECOVER FROM THE IMPACTS OF THE PANDEMIC, BUT TO GROW AND BUILD FOR SUCCESS LONG INTO THE FUTURE.
- ROUNDTABLES ARE A GROUP THAT GIVES FEEDBACK ON SOME OF THE TOUGH BUSINESS ISSUES INDIVIDUALS MAY BE FACING, WHERE GROUP MEMBERS CAN SPEAK FROM THEIR OWN PERSONAL EXPERIENCE IN SIMILAR BUSINESS SITUATIONS.
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 84-5040000
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B02)
- Assets (IRS master file)
- $314,164
- Income (IRS master file)
- $99,232
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $99,232 | $41,508 | $314,164 | XML |
| 990-EZ | December 2024 | $120,452 | $46,549 | $268,924 | IRS |
| 990-EZ | December 2023 | $153,117 | $26,281 | $191,306 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: JERRY RUDICK | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-5040000).
Questions about MINNEAPOLIS BUSINESS MENTORS
- What is the EIN of MINNEAPOLIS BUSINESS MENTORS?
- The employer identification number (EIN) of MINNEAPOLIS BUSINESS MENTORS is 84-5040000.
- Is MINNEAPOLIS BUSINESS MENTORS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to MINNEAPOLIS BUSINESS MENTORS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNEAPOLIS BUSINESS MENTORS 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 MINNEAPOLIS BUSINESS MENTORS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNEAPOLIS BUSINESS MENTORS last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of MINNEAPOLIS BUSINESS MENTORS?
- The 990-N for 2021 names JERRY RUDICK.
- Who are the officers and directors of MINNEAPOLIS BUSINESS MENTORS?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does MINNEAPOLIS BUSINESS MENTORS have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $99,232, expenses of $41,508 and total assets of $314,164 at year end.
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