Nonprofit · EIN 87-1177063
PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST
Tax-exempt · MINNEAPOLIS, MN 55411
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $603,896 | $1,215,017 | -$611,121 | $2,437,020 | $598,585 | $1,838,435 |
| December 31, 2023 | 990 | $548,421 | $877,303 | -$328,882 | $3,083,902 | $623,913 | $2,459,989 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $526,290
- Membership dues
- $400
- Program service revenue
- $77,595
- Investment income
- $11
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,000
- Compensation of officers, directors and key employees
- $163,298
- Other salaries and wages
- $350,317
- Salaries, compensation and benefits (total)
- $624,212
- Professional fundraising fees
- $0
- Legal fees
- $42,921
- Accounting fees
- $34,600
- Occupancy
- $9,382
- Travel
- $32,474
- Depreciation
- $24,167
- Program services (functional)
- $133,887
- Management and general (functional)
- $1,065,056
- Fundraising (functional)
- $16,074
Balance sheet and other
- Total assets, start of year
- $3,083,902
- Total assets, end of year
- $2,437,020
- Total liabilities, end of year
- $598,585
- Net assets, end of year
- $1,838,435
- Land, buildings and equipment
- $1,068,247
- Gross receipts
- $603,896
- Employees
- 6
- Year formed
- 2021
- 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 |
|---|---|---|---|
| DOMONIQUE JONES | EXECUTIVE DIRECTOR Key employee | 40 | $163,298 |
| CHERRISH HOLLIE | BOARD CHAIR Trustee or director | 2 | $0 |
| ANTHONY BAILEY | BOARD MEMBER/BOARD TREASURER Trustee or director | 1 | $0 |
| LYDIA MILLARD | BOARD MEMBER Trustee or director | 1 | $0 |
| EDWARDO RIKPRASHAD | BOARD MEMBER/ BOARD VICE CHAIR Trustee or director | 1 | $0 |
| BEN DOSSMAN | BOARD MEMBER/ BOARD TREASURER Trustee or director | 1 | $0 |
| REUBEN MOORE | BOARD MEMBER Trustee or director | 1 | $0 |
| LEBOGANG KEKANA | BOARD MEMBER Trustee or director | 1 | $0 |
| LATICHIA HARPER | BOARD MEMBER Trustee or director | 1 | $0 |
| BRENDA COLSTON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOMONIQUE JONES | EXECUTIVE DIRECTOR Key employee | 40 | $151,607 |
| FELICIA PERRY | REAL ESTATE MANAGER Highest-paid employee | 40 | $92,273 |
| ARTHUR MARTIN | BOARD SECRETARY Trustee or director, Key employee | 2 | $50,864 |
| CHERRISH HOLLIE | BOARD CHAIR Trustee or director | 2 | $0 |
| DEVON NOLEN | BOARD VICE CHAIR Trustee or director | 1 | $0 |
| ANNA SCHMIEL | BOARD SECRETARY Trustee or director | 2 | $0 |
| ZAHNIA HARUT | BOARD SECRETARY Trustee or director | 1 | $0 |
| ANTHONY BAILEY | BOARD MEMBER/BOARD TREASURER Trustee or director | 1 | $0 |
| BARBARA HALL | BOARD MEMBER Trustee or director | 1 | $0 |
| LYDIA MILLARD | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVIS SENSEMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| QANNANI OMAR | BOARD MEMBER Trustee or director | 1 | $0 |
| DANIELLE MKALI | BOARD MEMBER Trustee or director | 1 | $0 |
| MALIZA KALEMA | BOARD MEMBER Trustee or director | 1 | $0 |
| EDWARDO RIKPRASHAD | BOARD MEMBER/ BOARD VICE CHAIR Trustee or director | 1 | $0 |
| BEN DOSSMAN | BOARD MEMBER/ BOARD TREASURER Trustee or director | 1 | $0 |
| MARK FICK | BOARD TREASURER Trustee or director | 1 | $0 |
| KOWSAR MOHAMED | BOARD MEMBER Trustee or director | 1 | $0 |
| REUBEN MOORE | BOARD MEMBER Trustee or director | 1 | $0 |
| LEBOGANG KEKANA | BOARD MEMBER Trustee or director | 1 | $0 |
| LATICHIA HARPER | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1819 LOWRY AVE N, MINNEAPOLIS, MN 55411-1265
- Principal officer (990 for 2024)
- DOMONIQUE JONES, 1819 LOWRY AVE N, MINNEAPOLIS, MN 55411
- Signed the 990
- DOMONIQUE JONES, EXECUTIVE DIRECTOR
- Phone
- (612) 504-8325
- Website
- WWW.PIPCLT.ORG
- Return prepared by
- NOIR ARISE ACCOUNTING
Mission
PIPCLT envisions neighborhoods as reflections of the economic, cultural and social wealth of a community, where residents claim spaces through decision-making power and ownership of land, and together are building a human-centered ecomony.
Program accomplishments
- PIPCLT works to explicitly address racial, gender and economic disparities in our community. Commercial land trusts (CLTs) define land as being community owned because the last is entirely owned and managed by a community -based membership. PIPCLT believes that truly participatory community engagement involves shared learning and that decision making builds trust community will be engaged throughout the development process from property selection to business selection. Displace of community-owned businesses has a psychological impact on residents. We will use our resources to preserve and create affordable commercial spaces indefinitely. CLTs uses long-term community ownership of land through a 99-year ground lease agreement, which has demonstrated effectiveness in combating displacement of occupants. In 2021, the organization acquired its first property in December 2021.Expenses $25,669 · revenue $24,676
- PIPCLT works to explicitly address racial, gender and economic disparities in our community. Commercial land trusts (CLTs) define land as being community owned because the last is entirely owned and managed by a community -based membership. PIPCLT believes that truly participatory community engagement involves shared learning and that decision making builds trust community will be engaged throughout the development process from property selection to business selection. Displace of community-owned businesses has a psychological impact on residents. We will use our resources to preserve and create affordable commercial spaces indefinitely. CLTs uses long-term community ownership of land through a 99-year ground lease agreement, which has demonstrated effectiveness in combating displacement of occupants. In 2022, the organization acquired its second property in March 2022.Expenses $88,985 · grants $49,200 · revenue $52,919
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
- 87-1177063
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,437,020
- Income (IRS master file)
- $603,896
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $603,896 | $1,215,017 | $2,437,020 | XML |
| 990 | December 2023 | $548,421 | $877,303 | $3,083,902 | XML |
| 990 | December 2022 | $2,446,548 | $521,583 | $2,922,658 | IRS |
| 990 | December 2021 | – | – | – | 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 87-1177063).
Questions about PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST
- What is the EIN of PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST?
- The employer identification number (EIN) of PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST is 87-1177063.
- Is PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST 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 PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST 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 PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST 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 PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST?
- The 990 for the year ended December 31, 2024 names DOMONIQUE JONES.
- Who are the officers and directors of PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $163,298 (DOMONIQUE JONES, EXECUTIVE DIRECTOR).
- How much revenue does PARTNERSHIP IN PROPERTY COMMERCIAL LAND TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $603,896, expenses of $1,215,017 and total assets of $2,437,020 at year end.
Other nonprofits in MINNEAPOLIS
- SERVEMINNESOTA EIN 41-2010058 · last filed 990 for 2025
- AMERICAN ACADEMY OF NEUROLOGY EIN 61-1532062 · last filed 990 for 2025
- COMMUNITY REINVESTMENT FUND INC EIN 41-1616861 · last filed 990 for 2025
- GROUNDBREAK COALITION EIN 99-3615471 · last filed 990 for 2025
- GREAT PLAINS INSTITUTE FOR SUSTAINABLE DEVELOPMENT EIN 41-1921126 · last filed 990 for 2025
- MINNEAPOLIS DOWNTOWN IMPROVEMENT DISTRICT EIN 26-4259628 · last filed 990 for 2024
- INSTITUTE FOR LOCAL SELF RELIANCE INC EIN 23-7394104 · last filed 990 for 2025
- MERCHANT ADVISORY GROUP EIN 37-1558379 · last filed 990 for 2024
All nonprofits in MINNEAPOLIS · Minnesota · Community improvement and capacity building