Minnesota Brownfields
Minnesota Brownfields frequently operates at a deficit, with recent liabilities exceeding assets.
EIN: 205007655 · Minneapolis, MN · NTEE: C34 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $211K |
| Total Expenses | $236K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $150,000 |
| Net Assets | $-33,065 |
| Transparency Score | 65/100 |
Is Minnesota Brownfields Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Minnesota Brownfields directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Minnesota Brownfields
Minnesota Brownfields (EIN: 205007655) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code C34. The organization reported total revenue of $211K and total assets of $234K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minnesota Brownfields's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minnesota Brownfields is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $190K |
| Total Expenses | $236K |
| Surplus / Deficit | $-45,845 |
| Total Assets | $361K |
| Total Liabilities | $394K |
| Net Assets | $-33,065 |
| Operating Margin | -24.1% |
| Debt-to-Asset Ratio | 109.1% |
| Months of Reserves | 18.4 months |
Financial Health Grade: C
In 2023, Minnesota Brownfields reported a deficit of $46K with expenses exceeding revenue, holds 18.4 months of operating reserves (strong position), has a debt-to-asset ratio of 109.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Minnesota Brownfields's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.3% | -12.6% | +136.8% |
| 2022 | -59.7% | -35.0% | -38.7% |
| 2021 | +2.1% | +2.3% | -31.8% |
| 2020 | -23.6% | -3.5% | +0.5% |
| 2019 | +135.4% | -3.9% | +26.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Minnesota Brownfields with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Minnesota Brownfields allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $46K, with expenses exceeding revenue.
- Debt-to-asset ratio: 109.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation, which is highly favorable for an organization of its size with revenues typically ranging from $150,000 to $460,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Minnesota Brownfields's IRS 990 filings:
- Recurring operational deficits (e.g., 2023, 2022, 2021, 2020, 2018, 2017)
- Liabilities exceeding assets in 2023 ($394,449 liabilities vs. $361,384 assets)
- Significant fluctuations in assets and liabilities year-over-year, indicating potential instability
- Expenses consistently higher than revenue in many recent periods
Strengths
The following positive indicators were identified for Minnesota Brownfields:
- Consistent 0% officer compensation reported across all filings, indicating low executive overhead.
- Long and consistent history of IRS 990 filings, demonstrating transparency.
- Maintains a substantial asset base, though it fluctuates, providing some financial cushion.
- Revenue streams have been consistent over time, despite variability in amounts.
Frequently Asked Questions about Minnesota Brownfields
Is Minnesota Brownfields a legitimate charity?
Based on AI analysis of IRS 990 filings, Minnesota Brownfields (EIN: 205007655) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does Minnesota Brownfields spend its money?
Minnesota Brownfields directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Minnesota Brownfields tax-deductible?
Minnesota Brownfields is registered as a tax-exempt nonprofit (EIN: 205007655). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Minnesota Brownfields CEO make?
Minnesota Brownfields's highest-compensated officer earns $150,000 annually. The organization reported $211K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Minnesota Brownfields's spending goes to programs?
Minnesota Brownfields directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Minnesota Brownfields compare to similar nonprofits?
With a transparency score of 65/100 (Good), Minnesota Brownfields is above average for NTEE category C34 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Minnesota Brownfields located?
Minnesota Brownfields is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 205007655. It is classified under NTEE code C34.
How many years of IRS 990 filings does Minnesota Brownfields have?
Minnesota Brownfields 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 $211K in total revenue.
Is Minnesota Brownfields financially sustainable given its recurring deficits?
The organization has frequently reported expenses exceeding revenue, such as in 2023 ($236,052 expenses vs. $190,207 revenue) and 2022 ($270,102 expenses vs. $145,929 revenue). This recurring pattern raises questions about its long-term financial sustainability.
What caused the significant increase in liabilities in 2023?
In 2023, liabilities surged to $394,449, significantly higher than assets of $361,384. This substantial increase warrants further investigation to understand its nature and impact on the organization's financial health.
How does the organization manage its cash flow with fluctuating revenues and expenses?
Revenue has varied significantly, from $145,929 in 2022 to $463,596 in 2019. Managing operations with such variability, especially when expenses often exceed revenue, suggests potential cash flow challenges.
What is the organization's strategy to address the asset-to-liability imbalance seen in 2023?
With liabilities ($394,449) exceeding assets ($361,384) in 2023, the organization faces a potential solvency issue. Understanding their plan to rectify this imbalance is crucial.
Filing History
IRS 990 filing history for Minnesota Brownfields showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Minnesota Brownfields's revenue has grown by 125.3%, moving from $84K to $190K. Total assets increased by 488.8% over the same period, from $61K to $361K. Total functional expenses rose by 218.9%, from $74K to $236K. In its most recent filing year (2023), Minnesota Brownfields reported a deficit of $46K, with expenses exceeding revenue. The organization holds $394K in liabilities against $361K in assets (debt-to-asset ratio: 109.1%), resulting in net assets of $-33,065.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $190K | $236K | $361K | $394K | — | — |
| 2022 | $146K | $270K | $153K | $140K | — | View 990 |
| 2021 | $362K | $415K | $249K | $112K | — | View 990 |
| 2020 | $354K | $406K | $365K | $200K | — | View 990 |
| 2019 | $464K | $421K | $363K | $146K | — | View 990 |
| 2018 | $197K | $438K | $288K | $38K | — | View 990 |
| 2017 | $228K | $399K | $239K | $15K | — | View 990 |
| 2016 | $221K | $210K | $226K | $7K | — | View 990 |
| 2015 | $219K | $154K | $211K | $3K | — | View 990 |
| 2014 | $161K | $121K | $151K | $7K | — | View 990 |
| 2013 | $126K | $97K | $113K | $10K | — | View 990 |
| 2012 | $120K | $102K | $88K | $9K | — | View 990 |
| 2011 | $84K | $74K | $61K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $190K, expenses of $236K, and assets of $361K (revenue +30.3% year-over-year).
- 2022: Revenue of $146K, expenses of $270K, and assets of $153K (revenue -59.7% year-over-year).
- 2021: Revenue of $362K, expenses of $415K, and assets of $249K (revenue +2.1% year-over-year).
- 2020: Revenue of $354K, expenses of $406K, and assets of $365K (revenue -23.6% year-over-year).
- 2019: Revenue of $464K, expenses of $421K, and assets of $363K (revenue +135.4% year-over-year).
- 2018: Revenue of $197K, expenses of $438K, and assets of $288K (revenue -13.5% year-over-year).
- 2017: Revenue of $228K, expenses of $399K, and assets of $239K (revenue +2.8% year-over-year).
- 2016: Revenue of $221K, expenses of $210K, and assets of $226K (revenue +0.9% year-over-year).
- 2015: Revenue of $219K, expenses of $154K, and assets of $211K (revenue +36.3% year-over-year).
- 2014: Revenue of $161K, expenses of $121K, and assets of $151K (revenue +28.0% year-over-year).
- 2013: Revenue of $126K, expenses of $97K, and assets of $113K (revenue +4.7% year-over-year).
- 2012: Revenue of $120K, expenses of $102K, and assets of $88K (revenue +42.1% year-over-year).
- 2011: Revenue of $84K, expenses of $74K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minnesota Brownfields:
Data Sources and Methodology
This transparency report for Minnesota Brownfields 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.