Nonprofit · EIN 20-4361698
PLACE
Tax-exempt · MINNEAPOLIS, MN 55401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,456,318 | $1,705,737 | -$249,419 | $13,659,596 | $11,078,844 | $2,580,752 |
| December 31, 2023 | 990 | $2,936,446 | $7,553,724 | -$4,617,278 | $14,803,036 | $11,972,865 | $2,830,171 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $49,560
- Program service revenue
- $1,441,409
- Investment income
- -$34,651
- Net gain from sales of assets
- -$35,781
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,322
- Accounting fees
- $27,496
- Occupancy
- $16,456
- Travel
- $2,057
- Program services (functional)
- $1,663,387
- Management and general (functional)
- $42,350
Balance sheet and other
- Total assets, start of year
- $14,803,036
- Total assets, end of year
- $13,659,596
- Total liabilities, end of year
- $11,078,844
- Net assets, end of year
- $2,580,752
- Net assets without donor restrictions
- $2,580,752
- Gross receipts
- $1,540,814
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2006
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS VELASCO | PRESID/EXE DIR Trustee or director, Officer | 42 | $0 |
| ELIZABETH BOWLING | interim treas. Trustee or director | 42 | $0 |
| GARTH ROCKCASTLE | CO-VICE PRESID Trustee or director, Officer | 2 | $0 |
| KERRI STAHLECKER | CO-VICE PRESID Trustee or director, Officer | 2 | $0 |
| BRENT WEBB | TREASURER Trustee or director, Officer | 0 | $0 |
| EMILY MONAREZ | CO-SECRETARY Trustee or director, Officer | 2 | $0 |
| ROMULO E SAMANIEGO | CO-SECRETARY Trustee or director, Officer | 2 | $0 |
| JONATHAN PEArLSTEIN | DIRECTOR Trustee or director | 2 | $0 |
| CHARLES L RAISON MD | DIRECTOR Trustee or director | 0 | $0 |
| ALICE HINIKER | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS VELASCO | PRESID/EXE DIR Trustee or director, Officer | 55 | $0 |
| ELIZABETH BOWLING | DIRECTOR Trustee or director | 55 | $0 |
| GARTH ROCKCASTLE | CO-VICE PRESID Trustee or director, Officer | 5 | $0 |
| KERRI STAHLECKER | CO-VICE PRESID Trustee or director, Officer | 5 | $0 |
| BRENT WEBB | TREASURER Trustee or director, Officer | 5 | $0 |
| EMILY MONAREZ | CO-SECRETARY Trustee or director, Officer | 5 | $0 |
| ROMULO E SAMANIEGO | CO-SECRETARY Trustee or director, Officer | 3 | $0 |
| Stacy Glovka | Director Trustee or director | 0 | $0 |
| JONATHAN PEArLSTEIN | DIRECTOR Trustee or director | 2 | $0 |
| CHARLES L RAISON MD | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 729 N WASHINGTON AVENUE SIXTH FLOO, MINNEAPOLIS, MN 55401-2942
- In care of
- % CHRIS VELASCO
- Principal officer (990 for 2024)
- CHRIS VELASCO, 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401
- Signed the 990
- CHRIS VELASCO, PRESID/EXE DIR
- Phone
- (612) 309-3889
- Website
- WWW.WELCOMETOPLACE.ORG
- Return prepared by
- Boggeln & Company Inc
Mission
PLACE IS A NATIONAL NONPROFIT ORGANIZATION THAT HELPS COMMUNITIES CREATE ENTIRE NEIGHBORHOODS THAT BRING TOGETHER THE ARTS, ENVIRONMENTALISM AND SOCIAL JUSTICE.
Program accomplishments
- PLACE WORKS WITH LOCAL GOVERNMENTS, FOUNDATIONS, AND COMMUNITY MEMBERS TO CREATE SUSTAINABLE, AFFORDABLE, MIXED-USE, MIXED-INCOME NEIGHBORHOODS FOR ARTISTS, UNDER-SERVED POPULATIONS FACING VARIOUS LIFE CHALLENGES, NONPROFIT ORGANIZATIONS, AND CREATIVE BUSINESSES. WITH PLACE'S GUIDANCE, THESE NEIGHBORHOODS WILL BE CREATED WITH VIGOROUS PUBLIC DIALOG, BUILT TO THE HIGHEST ENVIRONMENTAL STANDARDS, AND FILLED WITH PEOPLE FROM ALL BACKGROUNDS AND ECONOMIC CIRCUMSTANCES. THE PLACE TEAM ASSISTS ITS COMMUNITIES WITH EVERY ASPECT OF THE PROJECT FROM VISIONING TO PLANNING, FROM DESIGN TO FUNDING, FROM CONSTRUCTION TO SERVICE COORDINATION AND PROJECT MAINTENANCE.Expenses $1,663,387 · revenue $1,441,409
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4361698
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $13,659,596
- Income (IRS master file)
- $1,540,814
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,456,318 | $1,705,737 | $13,659,596 | XML |
| 990 | December 2023 | $2,936,446 | $7,553,724 | $14,803,036 | XML |
| 990 | December 2022 | $896,204 | $415,664 | $88,063,174 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4361698).
Questions about PLACE
- What is the EIN of PLACE?
- The employer identification number (EIN) of PLACE is 20-4361698.
- Is PLACE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to PLACE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PLACE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PLACE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PLACE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PLACE?
- The 990 for the year ended December 31, 2024 names CHRIS VELASCO.
- Who are the officers and directors of PLACE?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does PLACE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,456,318, expenses of $1,705,737 and total assets of $13,659,596 at year end.
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