Minnesota Distance Elite
EIN: 411994677 · Minneapolis, MN · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $118K |
| Net Assets | $109K |
Is Minnesota Distance Elite Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Minnesota Distance Elite
Minnesota Distance Elite (EIN: 411994677) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code O50. The organization reported total revenue of $130K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minnesota Distance Elite's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minnesota Distance Elite is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $118K |
| Surplus / Deficit | $-56,035 |
| Total Assets | $109K |
| Net Assets | $109K |
| Operating Margin | -91.0% |
| Months of Reserves | 11.1 months |
Financial Health Grade: B
In 2023, Minnesota Distance Elite reported a deficit of $56K with expenses exceeding revenue, holds 11.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Minnesota Distance Elite's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.0% | +41.7% | -33.9% |
| 2022 | -68.9% | +84.8% | -8.1% |
| 2021 | +429.7% | -20.5% | +4178.1% |
| 2020 | -48.7% | -32.1% | -78.2% |
| 2019 | -19.1% | +8.4% | -16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Minnesota Distance Elite 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 Minnesota Distance Elite 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 deficit of $56K, with expenses exceeding revenue.
Frequently Asked Questions about Minnesota Distance Elite
Is Minnesota Distance Elite a legitimate charity?
Minnesota Distance Elite (EIN: 411994677) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $130K. No red flags identified. Financial health grade: B.
How does Minnesota Distance Elite spend its money?
Minnesota Distance Elite reported $130K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Minnesota Distance Elite tax-deductible?
Minnesota Distance Elite is registered as a tax-exempt nonprofit (EIN: 411994677). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Minnesota Distance Elite located?
Minnesota Distance Elite is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411994677. It is classified under NTEE code O50.
How many years of IRS 990 filings does Minnesota Distance Elite have?
Minnesota Distance Elite 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 $130K in total revenue.
Filing History
IRS 990 filing history for Minnesota Distance Elite showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Minnesota Distance Elite's revenue has declined by 49.4%, moving from $122K to $62K. Total assets increased by 154.5% over the same period, from $43K to $109K. Total functional expenses fell by 36.8%, from $186K to $118K. In its most recent filing year (2023), Minnesota Distance Elite reported a deficit of $56K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $118K | $109K | $0 | — | View 990 |
| 2022 | $68K | $83K | $165K | $0 | — | View 990 |
| 2021 | $220K | $45K | $180K | $0 | — | — |
| 2020 | $42K | $56K | $4K | $0 | — | View 990 |
| 2019 | $81K | $83K | $19K | $0 | — | — |
| 2018 | $100K | $77K | $23K | $0 | — | View 990 |
| 2017 | $101K | $102K | $486 | $0 | — | View 990 |
| 2016 | $83K | $116K | $886 | $0 | — | View 990 |
| 2015 | $125K | $131K | $27K | $0 | — | View 990 |
| 2014 | $129K | $132K | $33K | $0 | — | View 990 |
| 2013 | $125K | $115K | $36K | $0 | — | View 990 |
| 2012 | $119K | $136K | $26K | $0 | — | View 990 |
| 2011 | $122K | $186K | $43K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $118K, and assets of $109K (revenue -10.0% year-over-year).
- 2022: Revenue of $68K, expenses of $83K, and assets of $165K (revenue -68.9% year-over-year).
- 2021: Revenue of $220K, expenses of $45K, and assets of $180K (revenue +429.7% year-over-year).
- 2020: Revenue of $42K, expenses of $56K, and assets of $4K (revenue -48.7% year-over-year).
- 2019: Revenue of $81K, expenses of $83K, and assets of $19K (revenue -19.1% year-over-year).
- 2018: Revenue of $100K, expenses of $77K, and assets of $23K (revenue -0.3% year-over-year).
- 2017: Revenue of $101K, expenses of $102K, and assets of $486 (revenue +20.9% year-over-year).
- 2016: Revenue of $83K, expenses of $116K, and assets of $886 (revenue -33.5% year-over-year).
- 2015: Revenue of $125K, expenses of $131K, and assets of $27K (revenue -2.8% year-over-year).
- 2014: Revenue of $129K, expenses of $132K, and assets of $33K (revenue +2.8% year-over-year).
- 2013: Revenue of $125K, expenses of $115K, and assets of $36K (revenue +5.0% year-over-year).
- 2012: Revenue of $119K, expenses of $136K, and assets of $26K (revenue -1.9% year-over-year).
- 2011: Revenue of $122K, expenses of $186K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minnesota Distance Elite:
Data Sources and Methodology
This transparency report for Minnesota Distance Elite 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.