Nonprofit · EIN 88-4065733
MAIC QALICB
Tax-exempt · MINNEAPOLIS, MN 55404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $197,444 | $1,236,350 | -$1,038,906 | $34,674,907 | $28,920,000 | $5,754,907 |
| June 30, 2024 | 990 | $114,555 | $203,414 | -$88,859 | $35,102,008 | $29,857,927 | $5,244,081 |
| June 30, 2023 | 990 | $4,079,962 | $0 | $4,079,962 | $33,008,503 | $28,928,541 | $4,079,962 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $197,444
- Other revenue
- $197,444
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $856,080
- Management and general (functional)
- $1,236,350
Balance sheet and other
- Total assets, start of year
- $35,102,008
- Total assets, end of year
- $34,674,907
- Total liabilities, end of year
- $28,920,000
- Net assets, end of year
- $5,754,907
- Land, buildings and equipment
- $33,425,821
- Net assets without donor restrictions
- $5,754,907
- Gross receipts
- $197,444
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2022
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mary LaGarde-Agnew | Executive Director Officer | 4 | $0 | $136,516 | $20,623 |
| Eileen Briggs | Board Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Kit Fordhman | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Christine McDonald | Member Trustee or director | 0.5 | $0 | $0 | $0 |
| Karl Sevig | Member Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mary LaGarde-Agnew | Executive Director Officer | 0.25 | $0 | $123,393 | $2,140 |
| Eileen Briggs | Board Chair Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Kit Fordhman | Treasurer Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Christine McDonald | Member Trustee or director | 0.25 | $0 | $0 | $0 |
| Karl Sevig | Member Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mary LaGarde-Agnew | Executive Director Officer | 0.25 | $0 | $123,393 | $2,140 |
| Eileen Briggs | Board Chair Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Kit Fordhman | Treasurer Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Christine McDonald | Member Trustee or director | 0.25 | $0 | $0 | $0 |
| Karl Sevig | Member Trustee or director | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1530 E FRANKLIN AVE, MINNEAPOLIS, MN 55404-2136
- In care of
- % MARY LAGARDE-AGNEW
- Principal officer (990 for 2024)
- Mary LaGarde-Agnew, 1530 E Franklin Ave, Minneapolis, MN 55404
- Signed the 990
- Mary LaGarde-Agnew, Executive Director
- Phone
- (612) 879-1700
- Website
- www.maicnet.org
- Return prepared by
- Abdo LLP
Mission
To facilitate a community center facility to be operated by Minneapolis American Indian Center, a Minnesota nonprofit corporation.
Program accomplishments
- To facilitate a community center facility to be operated by Minneapolis American Indian Center, a Minnesota nonprofit corporation.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 88-4065733
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $34,674,907
- Income (IRS master file)
- $197,444
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $197,444 | $1,236,350 | $34,674,907 | XML |
| 990 | June 2024 | $114,555 | $203,414 | $35,102,008 | IRS |
| 990 | June 2023 | $4,079,962 | $0 | $33,008,503 | XML |
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 88-4065733).
Questions about MAIC QALICB
- What is the EIN of MAIC QALICB?
- The employer identification number (EIN) of MAIC QALICB is 88-4065733.
- Is MAIC QALICB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2022.
- Are donations to MAIC QALICB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MAIC QALICB 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 MAIC QALICB due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAIC QALICB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MAIC QALICB?
- The 990 for the year ended June 30, 2025 names Mary LaGarde-Agnew.
- Who are the officers and directors of MAIC QALICB?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does MAIC QALICB have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $197,444, expenses of $1,236,350 and total assets of $34,674,907 at year end.
Other nonprofits in MINNEAPOLIS
- SERVEMINNESOTA EIN 41-2010058 · last filed 990 for 2025
- AMERICAN ACADEMY OF NEUROLOGY EIN 61-1532062 · last filed 990 for 2025
- COMMUNITY REINVESTMENT FUND INC EIN 41-1616861 · last filed 990 for 2025
- GROUNDBREAK COALITION EIN 99-3615471 · last filed 990 for 2025
- GREAT PLAINS INSTITUTE FOR SUSTAINABLE DEVELOPMENT EIN 41-1921126 · last filed 990 for 2025
- MINNEAPOLIS DOWNTOWN IMPROVEMENT DISTRICT EIN 26-4259628 · last filed 990 for 2024
- INSTITUTE FOR LOCAL SELF RELIANCE INC EIN 23-7394104 · last filed 990 for 2025
- MERCHANT ADVISORY GROUP EIN 37-1558379 · last filed 990 for 2024
All nonprofits in MINNEAPOLIS · Minnesota · Community improvement and capacity building