Minneapolis Grain Shippers Association in Minneapolis, Minnesota (MN)

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Minneapolis Grain Shippers Association
Employer Identification Number (EIN)237133759
Name of OrganizationMinneapolis Grain Shippers Association
Address1660 Highway 100 S Ste 350, Minneapolis, MN 55416-1531
SubsectionBoard of Trade
Ruling Date07/1993
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2014
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$17,560
Amount of Income$37,235
Form 990 Revenue Amount$4,630


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$6,364$306$4,630
Contributions, gifts, grants, and similar amounts received$0$6,420$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$5,859$4,425$4,100
Investment income$2,299$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$-3,694$-12,274$530
Gross income from gaming$0$0$0
Gross income from fundraising events$22,849$17,023$33,135
Less: direct expenses from gaming and fundraising events$26,543$29,297$32,605
Gross profit/loss from sales of inventory$0$0$0
Other revenue$1,900$1,735$0
Total expenses$8,231$2,715$2,802
Total net assets$18,141$15,732$17,560
Excess/Deficit for the year$-1,867$-2,409$1,828
Net assets or fund balances at beginning of year$20,008$18,141$15,732
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$15,732$17,560
Balance Sheets
201220132014
Total assets$18,141$15,732$17,560
Total liabilities$0$0$0
Net assets or fund balances$18,141$15,732$17,560
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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