Nonprofit · EIN 41-1889792
MPMA EDUCATION FOUNDATION FKA MINNESOTA PRECISION MANUFACTURERS
Tax-exempt · BROOKLYN PARK, MN 55428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $70,814 | $94,133 | -$23,319 | $103,795 | $4,888 | $98,907 |
| December 31, 2023 | 990-EZ | $57,898 | $21,494 | $36,404 | $122,226 | $0 | $122,226 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $70,591
- Investment income
- $223
Expenses
- Grants and similar amounts paid
- $62,250
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $9,530
- Other expenses
- $22,353
- Program services (functional)
- $62,250
Balance sheet and other
- Total assets, start of year
- $122,226
- Total assets, end of year
- $103,795
- Total liabilities, end of year
- $4,888
- Net assets, end of year
- $98,907
- Cash, savings and investments
- $84,895
- Gross receipts
- $89,254
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHUCK OLSON | PRESIDENT | 0.5 | $0 |
| HEIDI BRAUN | VICE PRESIDENT | 0.3 | $0 |
| BARB DORUMSGAARD | SECRETARY/TREASURER | 0.3 | $0 |
| JESSE SCHELITZCHE | BOARD MEMBER | 0.25 | $0 |
| JASMINE NORDSTOM | BOARD MEMBER | 0.25 | $0 |
| TOM SMOLENSKI | BOARD MEMBER | 0.25 | $0 |
| ALEX WONG | BOARD MEMBER | 0.25 | $0 |
| JOE SCHNEIDER | BOARD MEMBER | 0.25 | $0 |
| LIZ WAUTERS | BOARD MEMBER | 0.25 | $0 |
| COLLIN MCGRATH | BOARD MEMBER | 0.25 | $0 |
990-EZ for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHUCK OLSON | PRESIDENT | 0.5 | $0 |
| HEIDI BRAUN | VICE PRESIDENT | 0.3 | $0 |
| BARB DORUMSGAARD | SECRETARY/TREASURER | 0.3 | $0 |
| JESSE SCHELITZCHE | BOARD MEMBER | 0.25 | $0 |
| JASMINE NORDSTOM | BOARD MEMBER | 0.25 | $0 |
| TOM SMOLENSKI | BOARD MEMBER | 0.25 | $0 |
| ALEX WONG | BOARD MEMBER | 0.25 | $0 |
| JOE SCHNEIDER | BOARD MEMBER | 0.25 | $0 |
| LIZ WAUTERS | BOARD MEMBER | 0.25 | $0 |
| COLLIN MCGRATH | BOARD MEMBER | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 7700 68TH AVE N STE 12, BROOKLYN PARK, MN 55428-2274
- Signed the 990-EZ
- ALEX WONG, PRESIDENT
- Phone
- (763) 528-3557
- Return prepared by
- SDK CPA
Mission
THE ORGANIZATION'S MISSION IS TO PROMOTE THE EDUCATION OF STUDENTS INTERESTED IN PRECISION MANUFACTURING. THE MINNESOTA PRECISION MANUFACTURING ASSOCIATION'S EDUCATION FOUNDATION WAS FORMED TO ADDRESS THE SHORTAGE OF PEOPLE ENTERING THE MANUFACTURING FIELD BY SUPPORTING STUDENTS, SCHOOL TECHNICAL PROGRAMS, AND EDUCATIONAL INSTITUTIONS. TWO OF THE MAIN INITIATIVES INCLUDE: SCHOLARSHIP AND EDUCATION FUNDING.
Program accomplishments
- SCHOLARSHIPS - THE ORGANIZATION AWARDS SCHOLARSHIPS TYPICALLY IN THE AMOUNT RANGING FROM $500 - $2,000 TO HELP MOTIVATED STUDENTS WITH AN INTEREST IN MANUFACTURING GET THE TRAINING THEY NEED TO BECOME SUCCESSFUL IN THE FIELD. THE ORGANIZATION CONTRIBUTED TO SCHOLARSHIP FUNDS AT VARIOUS COLLEGES AND UNIVERSITIES. DURING 2024, 19 SCHOLARSHIPS TOTALING $24,750 WERE AWARDED TO INDIVIDUALS. THE FOUNDATION ALSO AWARDED $34,000 TO THE CENTENNIAL PUBLIC SCHOOLS TECHNICAL EDUCATION PROGRAM AND $3,500 TO THE ARMSTRONG HIGH SCHOOL SUPERMILEAGE CLUB.Expenses $62,250 · grants $62,250
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 41-1889792
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B30)
- Assets (IRS master file)
- $103,795
- Income (IRS master file)
- $89,254
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $70,814 | $94,133 | $103,795 | IRS |
| 990-EZ | December 2023 | $57,898 | $21,494 | $122,226 | XML |
| 990-PF | December 2020 | – | – | – | 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 41-1889792).
Questions about MPMA EDUCATION FOUNDATION FKA MINNESOTA PRECISION MANUFACTURERS
- What is the EIN of MPMA EDUCATION FOUNDATION FKA MINNESOTA PRECISION MANUFACTURERS?
- The employer identification number (EIN) of MPMA EDUCATION FOUNDATION FKA MINNESOTA PRECISION MANUFACTURERS is 41-1889792.
- Is MPMA EDUCATION FOUNDATION FKA MINNESOTA PRECISION MANUFACTURERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MPMA EDUCATION FOUNDATION FKA MINNESOTA PRECISION MANUFACTURERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MPMA EDUCATION FOUNDATION FKA MINNESOTA PRECISION MANUFACTURERS 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 MPMA EDUCATION FOUNDATION FKA MINNESOTA PRECISION MANUFACTURERS 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 MPMA EDUCATION FOUNDATION FKA MINNESOTA PRECISION MANUFACTURERS last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of MPMA EDUCATION FOUNDATION FKA MINNESOTA PRECISION MANUFACTURERS?
- The 990-EZ for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does MPMA EDUCATION FOUNDATION FKA MINNESOTA PRECISION MANUFACTURERS have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $70,814, expenses of $94,133 and total assets of $103,795 at year end.
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