MINNEAPOLIS NEXT C/O PATRICK CONLIN

EIN: 411917087 501(c)(3) Youth Development

PLYMOUTH, MN

Total Revenue
$29,817
Total Expenses
$52,000
Total Assets
$228,489
Net Assets
$228,489
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MN
Principal Officer
PATRICK CONLIN
Phone
9524768516
Tax Period
2024-01-01 to 2024-12-31

MINNEAPOLIS NEXT C/O PATRICK CONLIN, founded in 1999, is a micro nonprofit in the Youth Development sector that reported $30K in total revenue in fiscal year 2024. Expenses of $52K exceeded revenue, resulting in a 74% operating deficit.

Mission

FUND EDUCATIONAL, EXTRA-CURRICULAR, TUTORIAL, RECREATIONAL AND OTHER ENRICHMENT PROGRAMMING FOR DETERMINED, HARD-WORKING AT-RISK YOUTH IN THE MINNEAPOLIS-ST. PAUL COMMUNITY. THESE YOUNG PEOPLE SHOW EXCEPTIONAL DESIRE AND ABILITY TO SUCCEED IN LIFE. WE GIVE THEM THE OPPORTUNITIES AND TOOLS THEY NEED TO ACHIEVE THEIR GOALS AND PURSUE THEIR DREAMS. PROVIDE FINANCIAL AND EMOTIONAL SUPPORT TO LOW-INCOME FAMILIES TO MAKE CHOICES IN EDUCATION AND ACTIVITIES, DESPITE THEIR SOCIO-ECONOMIC STANDING AND WE INSIST THAT FAMILIES INVEST TOO: THE SCHOLARSHIPS WE PROVIDE ARE PARTIAL, REQUIRING A TUITION CONTRIBUTION FROM EACH STUDENT'S FAMILY. WE PARTNER WITH THEM, GETTING THEM INVOLVED IN THE EDUCATIONAL EXPERIENCES OF THEIR CHILDREN. THIS IS KEY TO OUR SUCCESS, AND SETS MINNEAPOLIS NEXT APART FROM OTHER ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,366
Program Service Revenue $0
Investment Income $9,451
Other Revenue $0
TOTAL REVENUE $29,817

Expense Breakdown

Grants Paid $52,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $52,000
Other Expenses $0
TOTAL EXPENSES $52,000

Year-over-Year Comparison

2024 2023 Change
Revenue $29,817 $29,340 +0.0%
Expenses $52,000 $74,235 -0.3%
Net Income $-22,183 $-44,895 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REXFORD HOLLAND PRESIDENT 2.00
Officer Director
$0 $0 $0
PATRICK CONLIN TREASURER 1.00
Officer Director
$0 $0 $0
STEPHEN R SCHAEFER SECRETARY 1.00
Officer Director
$0 $0 $0
MATTHEW CRONIN BOARD MEMBER 1.00
Director
$0 $0 $0
ABRAHAM Z WOLDESLASSIE BOARD MEMBER 1.00
Director
$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
2024 $29,817 $52,000 $228,489 $-22,183
2023 $29,340 $74,235 $249,945 $-44,895
2022 $15,081 $76,191 $295,241 $-61,110
2021 $27,923 $51,718 $356,156 $-23,795
2020 $52,631 $62,226 $379,951 $-9,595
2019 $55,520 $87,685 $389,517 $-32,165
2018 $56,030 $150,500 $411,880 $-94,470
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