Hospitality Minnesota Education Foundation
EIN: 710971013 · Minneapolis, MN · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $462K |
| Total Expenses | $313K |
| Net Assets | $400K |
Is Hospitality Minnesota Education Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hospitality Minnesota Education Foundation
Hospitality Minnesota Education Foundation (EIN: 710971013) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B90. The organization reported total revenue of $462K and total assets of $504K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospitality Minnesota Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hospitality Minnesota Education Foundation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $358K |
| Total Expenses | $313K |
| Surplus / Deficit | +$45K |
| Total Assets | $405K |
| Total Liabilities | $5K |
| Net Assets | $400K |
| Operating Margin | 12.6% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 15.5 months |
Financial Health Grade: A
In 2023, Hospitality Minnesota Education Foundation reported a surplus of $45K with revenue exceeding expenses, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2023), Hospitality Minnesota Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.5% | +2.2% | +14.0% |
| 2022 | +203.5% | +163.9% | +31.7% |
| 2021 | +31.9% | +5.3% | +7.6% |
| 2021 | -55.2% | -47.7% | -4.0% |
| 2020 | -6.0% | -12.4% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hospitality Minnesota Education Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hospitality Minnesota Education Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Frequently Asked Questions about Hospitality Minnesota Education Foundation
Is Hospitality Minnesota Education Foundation a legitimate charity?
Hospitality Minnesota Education Foundation (EIN: 710971013) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $462K. No red flags identified. Financial health grade: A.
How does Hospitality Minnesota Education Foundation spend its money?
Hospitality Minnesota Education Foundation reported $462K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hospitality Minnesota Education Foundation tax-deductible?
Hospitality Minnesota Education Foundation is registered as a tax-exempt nonprofit (EIN: 710971013). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hospitality Minnesota Education Foundation located?
Hospitality Minnesota Education Foundation is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 710971013. It is classified under NTEE code B90.
How many years of IRS 990 filings does Hospitality Minnesota Education Foundation have?
Hospitality Minnesota Education Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $462K in total revenue.
Filing History
IRS 990 filing history for Hospitality Minnesota Education Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Hospitality Minnesota Education Foundation's revenue has grown by 101.6%, moving from $178K to $358K. Total assets increased by 217.1% over the same period, from $128K to $405K. Total functional expenses rose by 156.5%, from $122K to $313K. In its most recent filing year (2023), Hospitality Minnesota Education Foundation reported a surplus of $45K, with revenue exceeding expenses. The organization holds $5K in liabilities against $405K in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $400K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $358K | $313K | $405K | $5K | — | — |
| 2022 | $396K | $306K | $355K | $194 | — | View 990 |
| 2021 | $130K | $116K | $270K | $4K | — | View 990 |
| 2021 | $99K | $110K | $251K | $-499 | — | View 990 |
| 2020 | $221K | $211K | $261K | $-1,356 | — | View 990 |
| 2019 | $235K | $241K | $270K | $17K | — | View 990 |
| 2018 | $196K | $240K | $276K | $17K | — | View 990 |
| 2017 | $262K | $230K | $319K | $16K | — | View 990 |
| 2016 | $187K | $178K | $279K | $9K | — | View 990 |
| 2015 | $219K | $187K | $268K | $6K | — | View 990 |
| 2014 | $196K | $134K | $236K | $5K | — | View 990 |
| 2013 | $190K | $139K | $175K | $6K | — | View 990 |
| 2012 | $178K | $122K | $128K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $358K, expenses of $313K, and assets of $405K (revenue -9.5% year-over-year).
- 2022: Revenue of $396K, expenses of $306K, and assets of $355K (revenue +203.5% year-over-year).
- 2021: Revenue of $130K, expenses of $116K, and assets of $270K (revenue +31.9% year-over-year).
- 2021: Revenue of $99K, expenses of $110K, and assets of $251K (revenue -55.2% year-over-year).
- 2020: Revenue of $221K, expenses of $211K, and assets of $261K (revenue -6.0% year-over-year).
- 2019: Revenue of $235K, expenses of $241K, and assets of $270K (revenue +19.6% year-over-year).
- 2018: Revenue of $196K, expenses of $240K, and assets of $276K (revenue -25.2% year-over-year).
- 2017: Revenue of $262K, expenses of $230K, and assets of $319K (revenue +40.0% year-over-year).
- 2016: Revenue of $187K, expenses of $178K, and assets of $279K (revenue -14.5% year-over-year).
- 2015: Revenue of $219K, expenses of $187K, and assets of $268K (revenue +11.5% year-over-year).
- 2014: Revenue of $196K, expenses of $134K, and assets of $236K (revenue +3.2% year-over-year).
- 2013: Revenue of $190K, expenses of $139K, and assets of $175K (revenue +7.1% year-over-year).
- 2012: Revenue of $178K, expenses of $122K, and assets of $128K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hospitality Minnesota Education Foundation:
Data Sources and Methodology
This transparency report for Hospitality Minnesota Education Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.