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Minnesota Association For Financial Professionals

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$160k (2023)

Expenses
$189k (2023)

Total Assets
$159k (2023)

Total Liabilities
$516 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$159,696
Expenses
$188,833
Net Income
-$29,137
Net Assets
$158,133
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,193
10.8%
Program Services $137,836
86.3%
Investment Income $4,667
2.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $158,649
Total Liabilities $516
Net Assets $158,133
Compensation
Key Employees and Officers Compensation Other
Imran Qureshi (Treasurer) $0 $0
Mariama Larson (Vice President) $0 $0
Chris Moore (President) $0 $0
Zach Taylor (Vice Treasurer) $0 $0
Mary Utecht (Imm Past Pres) $0 $0
Cheryl Hoikka (Secretary) $0 $0
Amanda Denault (Member Liason) $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$130,396
Expenses
$141,484
Net Income
-$11,088
Net Assets
$187,270
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,032
14.6%
Program Services $111,175
85.3%
Investment Income $189
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $187,270
Total Liabilities $0
Net Assets $187,270
Compensation
Key Employees and Officers Compensation Other
Imran Qureshi (Vice Treasurer) $0 $0
Shaundra Lex (Imm Past Pres) $0 $0
Chris Moore (Vice President) $0 $0
Peter Loosbrock (Treasurer) $0 $0
Mary Utecht (President) $0 $0
Cheryl Hoikka (Secretary) $0 $0
Mary Holmes (Member Liason) $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$67,108
Expenses
$45,002
Net Income
$22,106
Net Assets
$198,358
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,105
28.5%
Program Services $47,970
71.5%
Investment Income $33
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $198,358
Total Liabilities $0
Net Assets $198,358
Compensation
Key Employees and Officers Compensation Other
Sue Kubis (Imm Past Pres) $0 $0
Shaundra Lex (President) $0 $0
Chris Moore (Treasurer) $0 $0
Peter Loosbrock (Vice Treasurer) $0 $0
Mary Utecht (Vice President) $0 $0
Joseph Chow (Secretary) $0 $0
Mary Holmes (Member Liason) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$102,809
Expenses
$114,228
Net Income
-$11,419
Net Assets
$176,252
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,620
23.0%
Program Services $78,137
76.0%
Investment Income $1,052
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $176,252
Total Liabilities $0
Net Assets $176,252

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$183,403
Expenses
$186,364
Net Income
-$2,961
Net Assets
$187,670
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,429
13.9%
Program Services $156,678
85.4%
Investment Income $1,296
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $187,670
Total Liabilities $0
Net Assets $187,670

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$196,469
Expenses
$230,593
Net Income
-$34,124
Net Assets
$190,632
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,350
10.9%
Program Services $174,058
88.6%
Investment Income $539
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $190,632
Total Liabilities $0
Net Assets $190,632

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$225,639
Expenses
$190,293
Net Income
$35,346
Net Assets
$224,755
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,900
12.4%
Program Services $197,319
87.4%
Investment Income $420
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $224,755
Total Liabilities $0
Net Assets $224,755

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$228,083
Expenses
$206,752
Net Income
$21,331
Net Assets
$189,408
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,650
11.2%
Program Services $202,121
88.6%
Investment Income $312
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $189,408
Total Liabilities $0
Net Assets $189,408

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$217,439
Expenses
$206,476
Net Income
$10,963
Net Assets
$168,077
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,200
11.6%
Program Services $191,998
88.3%
Investment Income $241
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $168,077
Total Liabilities $0
Net Assets $168,077

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$208,628
Expenses
$197,922
Net Income
$10,706
Net Assets
$157,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,300
11.6%
Program Services $184,270
88.3%
Investment Income $58
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $157,114
Total Liabilities $0
Net Assets $157,114

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$201,994
Expenses
$201,967
Net Income
$27
Net Assets
$146,408
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,650
10.7%
Program Services $180,305
89.3%
Investment Income $39
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $146,408
Total Liabilities $0
Net Assets $146,408

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$204,083
Expenses
$224,501
Net Income
-$20,418
Net Assets
$146,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $182,482
89.4%
Investment Income $65
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $146,381
Total Liabilities $0
Net Assets $146,381

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$188,495
Expenses
$224,011
Net Income
-$35,516
Net Assets
$166,750
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $167,121
88.7%
Investment Income $162
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $166,750
Total Liabilities $0
Net Assets $166,750

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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