Overview
What is Minka Inc?
Minka Inc is a nonprofit organization situated in Minnesota, dedicated to offering representative payee services to clients and their families. Their primary mission is to provide individualized, flexible financial budgets to cater to the unique needs of each client, ensuring comprehensive financial support. Over the years, the client base of Minka Inc has steadily grown. The organization's services aim to empower individuals and families, providing them with the necessary financial resources and management tools.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Minka Inc has received a low overall rating, which reflects concerns about the organization's accountability and financial practices. While the charity scores well in areas like having a majority independent board and a strong program expense ratio, the overall score indicates there are significant issues that need to be addressed.
The organization demonstrates positive practices, such as documenting board meeting minutes and having no material diversion of assets. However, the low overall rating suggests that while some governance practices are strong, there may be shortcomings in other areas that could impact the charity's effectiveness and transparency.
Overall, potential donors may want to consider these factors closely before contributing, as the limited financial accountability reflected in the score indicates that there may be areas requiring improvement to ensure the organization's sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Minka Inc legitimate?
Minka Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minka Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $84,180
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,276
For more financial information, click here
What is the mission statement of Minka Inc?
Minka Inc's mission is centered around providing representative payee services to clients and their families, extending across various communities in Minnesota. The organization's primary objective is to offer flexible, tailored financial budgets to cater to the unique needs of each individual client. By doing so, Minka Inc aims to ensure financial management and well-being for its clients, thereby promoting financial independence and stability. The organization's client base has grown steadily over the years, reflecting its commitment to and success in serving the community.
Who is the CEO of Minka Inc?
Christine Pastor is the President of Minka Inc.
What is the revenue of Minka Inc?
Minka Inc's revenue in 2021 was $191,012.
Who are the executives of Minka Inc and what are their salaries?
The average compensation at Minka Inc during 2021 was $27,114. There are 4 employees at Minka Inc.
Here are 2 key members and their salaries:
- Compensation: $72,000
- Related: $0
- Other: $0
- Compensation: $12,180
- Related: $0
- Other: $0
Where can I find the form 990 for Minka Inc?
Minka Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Minka Inc
Minka Inc, a nonprofit organization, is dedicated to providing representative payee services for clients and their families across Minnesota. Their mission is centered around offering tailored, comprehensive, and flexible financial budgets that cater to each individual's unique needs. By taking on this role, Minka Inc ensures that its clients receive and manage their financial resources effectively, promoting financial independence and stability. The organization's efforts have resulted in an increasing number of clients over the years, reflecting its commitment to making a difference in the lives of those it serves.
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Impact
October, 2024
Minka Inc has a significant impact on the lives of individuals and families across Minnesota by providing essential representative payee services. By offering tailored financial budgeting solutions, Minka Inc empowers clients to manage their finances effectively, ensuring that their unique needs are met. As clients increasingly rely on these services, Minka Inc not only enhances their financial stability but also fosters a greater sense of independence and security.
Located in Elk River, MN, Minka Inc's commitment to personalized support helps clients navigate the complexities of budgeting and financial management. The organization's responsive approach addresses the diverse needs of each individual, making it a vital resource for families seeking assistance. With a mission focused on comprehensive, flexible financial solutions, Minka Inc plays a crucial role in improving the overall well-being of its clients and the community at large.
This information is meant to be a general summary of Minka Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $191,012
- Gross Receipts: $191,012
Assets and Liabilities:
- Total Assets: $3,980
- Total Liabilities: $45,675
- Net Assets: -$41,695
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$191,012
Organization Details
Founding Year
2006
Principal Officer
Christine Pastor
Main Address
PO BOX 412, ELK RIVER, MN, 55330
NTEE Category
Code: P50 - Human services
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