Minnesota Valley Electric Trust in Jordan, Minnesota (MN)
Table of contents:
| Minnesota Valley Electric Trust | |
| Employer Identification Number (EIN) | 411821090 |
| Name of Organization | Minnesota Valley Electric Trust |
| Address | 125 Minnesota Valley Electric Dr, Jordan, MN 55352 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $20,864 |
| Amount of Income | $102,680 |
| Form 990 Revenue Amount | $102,680 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2013: $102,680 (it was $99,208 in 2012)
| This organization: | $102,680 |
| Other organizations performing similar types of work: | $124,396 |
Assets in 2013: $20,864 (it was $26,299 in 2012)
| Minnesota Valley Electric Trust: | $20,864 |
| Other organizations performing similar types of work: | $313,863 |
Expenses in 2013: $108,115
| This organization: | $108,115 |
| Other organizations performing similar types of work: | $64,100 |
Income to expenses ratio in 2013: 0.9
| Minnesota Valley Electric Trust: | 0.9 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 0.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $96,335 | $99,208 | $102,680 |
| Contributions, gifts, grants, and similar amounts received | $96,292 | $99,143 | $102,639 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $43 | $65 | $41 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $88,390 | $97,766 | $108,115 |
| Total net assets | $24,857 | $26,299 | $20,864 |
| Excess/Deficit for the year | $7,945 | $1,442 | $-5,435 |
| Net assets or fund balances at beginning of year | $16,912 | $24,857 | $26,299 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $26,299 | $20,864 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $24,857 | $26,299 | $20,864 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $24,857 | $26,299 | $20,864 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $485,841 |
| Subtotal Support | $485,841 |
| Gifts, grants, contributions, and membership fees received | $485,841 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $486,098 |
| Public Support | $485,841 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $257 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tony Patino Fellowship Trust 783352 | PO BOX 1297, New York, NY 10008-1297 | NY | 1997-10 | $1,573,984 |
| 2 | Pakis Family Foundation | 2201 E Camelback Rd Ste 405b, Phoenix, AZ 85016-3431 | AZ | 1997-02 | $27,278,652 |
| 3 | The James I Harrison Family Foundation Inc | 3925 Rice Mine Rd Ne, Tuscaloosa, AL 35406-1523 | AL | 1997-10 | $9,979,448 |
| 4 | The Clarence & Martha Jones Family Foundation | 6170 Chaise Ct, Reno, NV 89519-7329 | NV | 1996-07 | $7,227,624 |
| 5 | Scott & Suling Mead Foundation | PO BOX 73, New York, NY 10274-0073 | NY | 1998-03 | $5,724,413 |
| 6 | The Schechter Institutes Inc | 2300 Computer Ave No D-18, Willow Grove, PA 19090-1736 | PA | 1995-10 | $5,548,333 |
| 7 | Reading Terminal Market Corporation | 12th And Arch Streets, Philadelphia, PA 19107 | PA | 1994-10 | $4,953,714 |
| 8 | St Josephs Academy Foundation Inc | 310 Frank Lloyd Wright Way, Lakeland, FL 33803 | FL | 1992-03 | $4,412,112 |
| 9 | The@s Wilson And Grace M Pollock Foundation | 1100 Wehrle Dr 2nd Fl, Amherst, NY 14221-7748 | NY | 1997-10 | $4,262,402 |
| 10 | Richard And Beverly Fink Family Foundation | 90 S 7th St, Minneapolis, MN 55402-3903 | MN | 1998-03 | $331,992 |
| 11 | Robert M Adams Foundation | 7650 Field Ridge Rd, White Bear Lake, MN 55110 | MN | 1997-10 | $171,396 |
| 12 | Asi-Austin Texas Inc | 2550 University Ave West, St Paul, MN 55114-1052 | MN | 1994-02 | $169,861 |
| 13 | Minnesota Valley Electric Trust | 125 Minnesota Valley Electric Dr, Jordan, MN 55352 | MN | 1996-06 | $102,680 |
| 14 | Minnesota Leadership On Aging Foundation | 2550 University Ave West, Saint Paul, MN 55114-1052 | MN | 1998-11 | $1 |
| 15 | Bronko Nagurski Foundation Incorporated | 3315 County Road 20, International Falls, MN 56649 | MN | 1992-01 | $0 |
| 16 | Education & Arts Foundation, Gilliland Michael Ttee | 220 S 6th St, Minneapolis, MN 55402-4502 | MN | 1998-04 | $0 |
| 17 | Houston United Campaign | PO BOX 485, Houston, MN 55943 | MN | 1997-03 | $0 |
| 18 | Lifecore Foundation | 3515 Lyman Blvd, Chaska, MN 55318 | MN | 1993-05 | $0 |
| 19 | Lions District 5m-8 Foundation Inc | 11764 120th St, Kimball, MN 55353 | MN | 1994-04 | $0 |
| 20 | Longville Public Library Foundation Inc | PO BOX 106, Longville, MN 56655-0106 | MN | 1998-06 | $0 |
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