MINNEAPOLIS TELECOMMMUNICATIONS NETWORK INC

EIN: 411510448 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$506,776
Total Expenses
$519,669
Total Assets
$161,823
Net Assets
$111,942
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MN
Principal Officer
VALERIE LOCKHART
Phone
6123318575
Tax Period
2019-01-01 to 2019-12-31

MINNEAPOLIS TELECOMMMUNICATIONS NETWORK INC, founded in 1983, is a small nonprofit that reported $507K in total revenue in fiscal year 2019.

Mission

THE MINNEAPOLIS TELECOMMUNICATIONS NETWORK (MTN) IS A MULTI-MEDIA ACCESS CENTER WHOSE MAIN FOCUS IS TO PROVIDE THE SPACE, SUPPORT, AND TRAINING NECESSARY FOR OUR COMMUNITY TO USE TECHNOLOGY TO CREATE AND SHARE THEIR UNIQUE PERSPECTIVES. MTN VALUES FREEDOM OF SPEECH, INFORMATION, AND ASSOCIATION, AND WORK TO PROVIDE THE PLATFORM AND RESOURCES FOR PEOPLE TO TELL THEIR OWN STORIES, ON A FIRST COME, FIRST SERVED BASIS, WITH NO PREFERENCE OR BIAS FOR ANY NARRATIVE.

Program Service Accomplishments

Program 1
Expenses: $394,434 Revenue: $17,192

IN 2019, MTN CONTINUED TO PROVIDE THE CONTRACTED SERVICES OF PROVIDING SPACE, EQUIPMENT, TRAINING, AND DISTRIBUTION OF COMMUNITY MADE CONTENT. IN THAT CAPACITY, MTN SERVED 2,289 PEOPLE THROUGH...

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IN 2019, MTN CONTINUED TO PROVIDE THE CONTRACTED SERVICES OF PROVIDING SPACE, EQUIPMENT, TRAINING, AND DISTRIBUTION OF COMMUNITY MADE CONTENT. IN THAT CAPACITY, MTN SERVED 2,289 PEOPLE THROUGH ORIENTATIONS, TRAINING, AND CERTIFICATION. MTN AIRED AN AVERAGE OF 561 FIRST-RUN, COMMUNITY-PRODUCED SHOWS EACH QUARTER, AND REACHED APPROXIMATELY 510,000 PEOPLE THROUGH SOCIAL MEDIA EFFORTS. AS WELL, MTN CONTINUED TO BUILD ON THE AMBASSADOR PROGRAM INTRODUCED IN 2018, WHICH TRAINS LOW-INCOME SENIORS, COLLEGE MEDIA INTERNS, AND VETTED VOLUNTEERS IN THE AREAS OF TECHNOLOGY, MEDIA CREATION, AND POST-PRODUCTION SKILLS THROUGH CREATIVE COLLABORATION. MTN SERVED 15 PEOPLE THROUGH THIS PROGRAM IN 2019, AND MORE THAN HALF WERE ABLE TO OBTAIN PAID WORK IN A TECHNICAL FIELD, WITH THE REST STILL WORKING TOWARD FINDING EMPLOYMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $486,026
Program Service Revenue $17,192
Investment Income $3,558
Other Revenue $0
TOTAL REVENUE $506,776

Expense Breakdown

Grants Paid $0
Salaries & Benefits $258
Fundraising Expenses $35,415
Program Expenses $394,434
Other Expenses $519,411
TOTAL EXPENSES $519,669

Year-over-Year Comparison

2019 2018 Change
Revenue $506,776 $512,703 0.0%
Expenses $519,669 $573,811 -0.1%
Net Income $-12,893 $-61,108 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ALLISON BOARD CHAIR 1.00
Officer Director
$0 $0 $0
REVEREND DESTAYE CRAWFORD VICE CHAIR 1.00
Officer Director
$0 $0 $0
MIKE WADE TREASURER (UNTIL 11/2019) 1.00
Officer Director
$0 $0 $0
JON SAMUELSON VICE CHAIR (UNTIL 11/2019) 1.00
Officer Director
$0 $0 $0
MOHAMAD ALAMEH BOARD MEMBER 1.00
Director
$0 $0 $0
MISTY LEWIS BOARD MEMBER 1.00
Director
$0 $0 $0
ILSE ROLF TREASURER 1.00
Officer Director
$0 $0 $0
MICHELLE KIMBROUGH SECRETARY 1.00
Officer Director
$0 $0 $0
VALERIE LOCKHART EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $506,776 $519,669 $161,823 $-12,893
2018 $512,703 $573,811 $203,627 $-61,108
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