Minnesota Collection Network For Student Loans-Receivables in Sartell, Minnesota (MN)

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Minnesota Collection Network For Student Loans-Receivables
Employer Identification Number (EIN)411619042
Name of OrganizationMinnesota Collection Network For Student Loans-Receivables
In Care of NameTom Schmidt
Address1125 1st St S Apt 465, Sartell, MN 56377-2110
SubsectionBoard of Trade
Ruling Date09/2000
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$82,624
Amount of Income$74,066
Form 990 Revenue Amount$74,066
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Business and Industry


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Amount of income in 2014: $74,066 (it was $66,761 in 2013)
Minnesota Collection Network For Student Loans-Receivables: 

 $74,066
Other organizations performing similar types of work: 

 $85,710

Assets in 2014: $82,624 (it was $80,488 in 2013)
Minnesota Collection Network For Student Loans-Receivables: 

 $82,624
Other organizations performing similar types of work: 

 $49,958

Expenses in 2013: $71,003
This organization: 

 $71,003
Other organizations performing similar types of work: 

 $75,630

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$15,971$5,627$66,761
Contributions, gifts, grants, and similar amounts received$8,000$11,000$0
Program service revenue including government fees and contracts$0$0$62,760
Membership dues and assessments$5,515$4,880$3,980
Investment income$97$36$21
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$2,359$-10,289$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$2,472$1,047$71,003
Total net assets$80,150$84,730$80,488
Excess/Deficit for the year$13,499$4,580$-4,242
Net assets or fund balances at beginning of year$66,651$80,150$84,730
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$84,730$80,488
Balance Sheets
201120122013
Total assets$80,150$84,730$80,488
Total liabilities$0$0$0
Net assets or fund balances$80,150$84,730$80,488
Other Information
201120122013
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 2013)
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1San Diego Tourism Marketing District8880 Rio San Diego Dr Fl 8, San Diego, CA 92108-1642CA2009-01$22,863,655
2Aaf District 85915 Kirkwood Ln N, Plymouth, MN 55442-1528MN2011-05$140,347
3Twin City Bond ClubPO BOX 2121, Minneapolis, MN 55402-0121MN1999-09$87,002
4Farm And Food Alliance Of Minnesota2700 S Broadway Po Box 458, New Ulm, MN 56073MN2012-09$74,624
5Tri-State Manufacturers AssociationPO BOX 150, Elbow Lake, MN 56531-0150MN2014-05$70,541
6Gennext500 Minimizer Way, Blmng Prairie, MN 55917-1436MN2014-09$53,900
711th Judicial District Of Minnesota Bar Association Inc424 W Superior Street, Duluth, MN 55802MN2014-06$29,551
8Minnesota Claim Managers AssociationPo Box 1463, Minneapolis, MN 55440MN2015-04$20,959
9St Louis Park Dugout Club8206 W 35th St, St Louis Park, MN 55426MN2012-05$17,129
10Minnesota Society Of Histotechnologists6192 Mallard Dr Nw, Rochester, MN 55901MN2014-08$5,528
11Mankato Area Fair Trade Town Initiative216 Locke St, Mankato, MN 56001-3901MN2014-09$3,710
12American Culinary Federation South Western Minnesota Chapter1604 Superior Rd, Marshall, MN 56258-2724MN2003-12$0
13Arrowhead Manufacturers And Fabricators AssociationPo Box 150, Elbow Lake, MN 56531MN2014-07$0
14Association For Health Care Educators Of The Midwest1664 17th Street Nw, New Brighton, MN 55112MN2006-11$0
15Bloomington Hospitality Association7900 International Drive Suite 990, Bloomington, MN 55425MN2012-01$0
16Blue Earth Industrial Service CoPo Box 472, Blue Earth, MN 56013MN2004-07$0
17Central Minnesota Manufacturers AssociationPo Box 150, Elbow Lake, MN 56531MN2014-07$0
18Destination Duluth5812 Glenwood St, Duluth, MN 55804-1336MN2014-08$0
19Education Minnesota Yellow Medicine East776 10th St, Granite Falls, MN 56241MN1999-12$0
20Elysian Area Chamber Of CommercePo Box 95, Elysian, MN 56028MN2000-12$0
Number of organizations performing similar types of work
Alaska13
Alabama31
Arkansas22
Arizona43
California277
Colorado46
Connecticut33
District of Columbia50
Delaware9
Florida124
Georgia45
Hawaii13
Iowa31
Idaho13
Illinois65
Indiana42
Kansas26
Kentucky35
Louisiana28
Massachusetts48
Maryland37
Maine14
Michigan85
Minnesota47
Missouri43
Mississippi19
Montana15
North Carolina65
North Dakota13
Nebraska17
New Hampshire13
New Jersey58
New Mexico18
Nevada17
New York146
Ohio65
Oklahoma19
Oregon55
Pennsylvania82
Rhode Island8
South Carolina30
South Dakota10
Tennessee34
Texas146
Utah21
Virginia90
Vermont7
Washington66
Wisconsin42
West Virginia16
Wyoming10
International4
Total2,306

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