Nonprofit · EIN 26-1870077
CATALYST COMMUNITY PARTNERS
Tax-exempt · MINNEAPOLIS, MN 55416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $284,765 | $437,467 | -$152,702 | $1,734,385 | $1,466,418 | $267,967 |
| December 31, 2023 | 990 | $180,698 | $486,083 | -$305,385 | $1,963,601 | $1,542,932 | $420,669 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $191,015
- Investment income
- $0
- Other revenue
- $93,750
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $57,806
- Depreciation
- $82,650
- Program services (functional)
- $331,162
- Management and general (functional)
- $106,305
Balance sheet and other
- Total assets, start of year
- $1,963,601
- Total assets, end of year
- $1,734,385
- Total liabilities, end of year
- $1,466,418
- Net assets, end of year
- $267,967
- Land, buildings and equipment
- $1,545,336
- Net assets without donor restrictions
- $267,967
- Gross receipts
- $284,765
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2008
- 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 |
|---|---|---|---|
| STUART ACKERBERG | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| WADE ANDERSON | DIRECTOR Trustee or director, Officer | 2 | $0 |
| JACKIE KNIGHT | SECRETARY Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STUART ACKERBERG | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| WADE ANDERSON | DIRECTOR Trustee or director, Officer | 2 | $0 |
| JACKIE KNIGHT | SECRETARY Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3033 EXCELSIOR BLVD 305, MINNEAPOLIS, MN 55416-4688
- In care of
- % STUART ACKERBERG
- Principal officer (990 for 2024)
- STUART ACKERBERG, 3033 EXCELSIOR BLVD 305, MINNEAPOLIS, MN 55416
- Signed the 990
- STUART ACKERBERG, BOARD CHAIR
- Phone
- (612) 877-4000
- Return prepared by
- BAKER MEINZ & ASSOCIATES LTD
Mission
CATALYST COMMUNITY PARTNERS (CATALYST) REVITALIZES DISTRESSED COMMERCIAL CORRIDORS BY DEVELOPING VACANT PROPERTIES AND CULTIVATING SUSTAINABLE BUSINESSES THAT ENHANCE LIVABILITY AND PROVIDE NEIGHBORHOOD JOBS. CATALYST BEGAN ITS NORTH MINNEAPOLIS REVITALIZATION WORK IN 2004 AND INCORPORATED AS A 501(C)(3) NONPROFIT ORGANIZATION IN JANUARY 2008. CATALYST FOCUSES ON COMMERCIAL PROPERTY REVITALIZATION, BUSINESS DEVELOPMENT AND COMMUNITY ENGAGEMENT.
Program accomplishments
- COMMERCIAL PROPERTY REVITALIZATION SINCE 2004, CATALYST HAS COMPLETED 12 COMMERCIAL PROJECTS IN THE WEST BROADWAY AREA OF NORTH MINNEAPOLIS, MORE THAN ANY OTHER ORGANIZATION. CATALYST BRINGS BLIGHTED, OFTEN HISTORIC PROPERTIES BACK INTO SERVICE AND CREATES JOBS FOR LOCAL AND MINORITY CONSTRUCTION WORKERS. IN THE YEARS 2008-2021, CATALYST PROJECTS HAVE ACHIEVED 45 TO 54 PERCENT MINORITY PARTICIPATION, TRIPLE THE STANDARD RATE FOR COMMERCIAL PROJECTS. CATALYST SETS HIGH STANDARDS OF EXCELLENCE, INCORPORATING PUBLIC ART, SAFETY IMPROVEMENTS, ARCHITECTURALLY DESIGNED FACADES AND QUALITY MATERIALS INTO EVERY PROJECT. ITS PROJECTS HAVE RECEIVED EIGHT AWARDS OF EXCELLENCE INCLUDING "2011 NAIOP AWARD OF EXCELLENCE FOR MIXED-USE", PRESENTED IN 2012. CATALYST OWNED AND MANAGED THREE COMMERCIAL PROPERTIES, REPRESENTING NEARLY 42,000 SQUARE FEET AND 9 TENANTS IN THE WEST BROADWAY AREA. DURING THE YEAR ENDED DECEMBER 31, 2021, CATALYST SOLD THE UNITY AND 1200 WEST BROADWAY BUILDINGS. CATALYST ALSO ASSISTS EXISTING PROPERTY OWNERS AND THIRD PARTY DEVELOPERS IN COMPLETING THEIR PROJECTS WITH HIGH-QUALITY COMMUNITY STANDARDS.Expenses $326,780
- BUSINESS DEVELOPMENT CATALYST'S REDEVELOPMENT EFFORTS BROUGHT AN ESTIMATED IN EXCESS OF 250 JOBS AND MORE THAN 40 EMPLOYERS TO NORTH MINNEAPOLIS IN THE PAST EIGHT YEARS. CATALYST'S KINDRED KITCHEN FOOD INCUBATOR PROGRAM SUPPORTS LOCAL FOOD ENTREPRENEURS IN LAUNCHING AND GROWING THEIR SMALL BUSINESSES. CATALYST ACTIVELY RECRUITS SUCCESSFUL RETAIL AND SERVICES BUSINESSES TO THE WEST BROADWAY CORRIDOR, EXPANDING LOW-SKILLED JOBS IDEALLY SUITED FOR NORTH MINNEAPOLIS' UNDER-EMPLOYED RESIDENTS WORKING CLOSELY WITH THE LOCAL BUSINESS ASSOCIATION AND SMALL BUSINESS SUPPORT ORGANIZATIONS, CATALYST ALSO ASSISTS EXISTING OWNERS IN IMPROVING THEIR BUSINESSES THROUGH PROPERTY RENOVATION EXPERTISE AND CATALYST'S LOAN FUND.Expenses $2,746
- COMMUNITY ENGAGEMENT CATALYST PROMOTES A COMPREHENSIVE APPROACH TO COMMUNITY DEVELOPMENT BY FACILITATING A COMMUNITY DEVELOPMENT COMMITTEE AND COLLABORATING WITH MULTIPLE AGENCIES AND PARTNERS. CATALYST SUPPORTS AREA- WIDE PRIORITIES INCLUDING POST-TORNADO RECOVERY AND TRANSIT-ORIENTED DEVELOPMENT THROUGH ITS "BETTER TOGETHER" PROGRAM, OVER 5,000 VOLUNTEER HOURS HAVE CONTRIBUTED TOWARD COMMUNITY BEAUTIFICATION AND ENHANCEMENT PROJECTS.Expenses $1,636
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
- 26-1870077
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,734,385
- Income (IRS master file)
- $284,765
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $284,765 | $437,467 | $1,734,385 | XML |
| 990 | December 2023 | $180,698 | $486,083 | $1,963,601 | XML |
| 990 | December 2022 | $425,119 | $646,011 | $2,616,145 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 26-1870077).
Questions about CATALYST COMMUNITY PARTNERS
- What is the EIN of CATALYST COMMUNITY PARTNERS?
- The employer identification number (EIN) of CATALYST COMMUNITY PARTNERS is 26-1870077.
- Is CATALYST COMMUNITY PARTNERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to CATALYST COMMUNITY PARTNERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CATALYST COMMUNITY PARTNERS 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 CATALYST COMMUNITY PARTNERS 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 CATALYST COMMUNITY PARTNERS 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 CATALYST COMMUNITY PARTNERS?
- The 990 for the year ended December 31, 2024 names STUART ACKERBERG.
- Who are the officers and directors of CATALYST COMMUNITY PARTNERS?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does CATALYST COMMUNITY PARTNERS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $284,765, expenses of $437,467 and total assets of $1,734,385 at year end.
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All nonprofits in MINNEAPOLIS · Minnesota · Community improvement and capacity building