Overview
What is Masterworks Of Minneapolis Inc?
Masterworks Of Minneapolis Inc is a nonprofit organization situated in St. Anthony, Minnesota. The organization operates a thrift store named 'Hidden Treasures,' providing employment opportunities for individuals undergoing job training and discipleship programs. Masterworks' mission is to empower people with employment barriers, primarily residing in Minneapolis' inner-city, by offering competitive wages and instruction. This approach aims to break the cycle of dependency while also sharing the transformative message of Jesus Christ. Masterworks' workforce consists of 47 dedicated individuals.
Official website here: www.hiddentreasuresonline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
Masterworks Of Minneapolis Inc has earned an 88% score, reflecting a strong focus on Accountability & Finance, which is the sole aspect evaluated in their rating. The organization has demonstrated effective governance, evidenced by having a fully independent board and strong oversight mechanisms in place. The high percentage of program expenses indicates that a significant portion of its financial resources is devoted to its mission-driven activities.
The nonprofit has achieved perfect scores in key areas such as board independence and financial statements oversight, which suggests a commitment to transparency and responsible management. However, it is worth noting the absence of a whistleblower policy, which could raise concerns regarding internal reporting and accountability practices.
Overall, while Masterworks Of Minneapolis Inc shows commendable strengths in financial management and governance, addressing the missing whistleblower policy could enhance its overall accountability framework. This would further solidify its reputation as a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Masterworks Of Minneapolis Inc legitimate?
Masterworks Of Minneapolis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masterworks Of Minneapolis 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $457,181
For more financial information, click here
Official website here: www.hiddentreasuresonline.org
What is the mission statement of Masterworks Of Minneapolis Inc?
Masterworks of Minneapolis Inc. is committed to providing economic self-sufficiency and life development skills to individuals with employment barriers, primarily residing in urban Minneapolis. This is achieved through competitive wage employment opportunities and instructional programs. By integrating employment and skill development with a spiritual focus, Masterworks aims to break the cycle of dependency. The organization operates Hidden Treasures Thrift Store, providing employment to those participating in job training and Christian discipleship programs.
Official website here: www.hiddentreasuresonline.org
Who is the CEO of Masterworks Of Minneapolis Inc?
Steve Anderson is the Treasurer of Masterworks Of Minneapolis Inc.
Official website here: www.hiddentreasuresonline.org
What is the revenue of Masterworks Of Minneapolis Inc?
Masterworks Of Minneapolis Inc's revenue in 2022 was $830,095.
Official website here: www.hiddentreasuresonline.org
Who are the executives of Masterworks Of Minneapolis Inc and what are their salaries?
The average compensation at Masterworks Of Minneapolis Inc during 2022 was $9,727. There are 47 employees and 25 volunteers at Masterworks Of Minneapolis Inc.
Here are 4 key members and their salaries:
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- Other: $0
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Official website here: www.hiddentreasuresonline.org
Where can I find the form 990 for Masterworks Of Minneapolis Inc?
Masterworks Of Minneapolis Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hiddentreasuresonline.org
Learn more at the official website: www.hiddentreasuresonline.org
Mission Statement of Masterworks Of Minneapolis Inc
Masterworks of Minneapolis Inc is dedicated to providing economic self-sufficiency and life development skills to individuals facing employment barriers within the inner-city of Minneapolis. By offering employment opportunities at competitive wages and instruction, the organization aims to break the cycle of dependency. This is all done while sharing with them the transformative realities of Jesus Christ. Through their operations, Masterworks of Minneapolis Inc operates Hidden Treasures Thrift Store, providing employment opportunities for those participating in job training and Christian discipleship. The organization's mission is to empower its clients and help them lead self-sufficient lives, ultimately contributing positively to their communities.
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Impact
July, 2024
Masterworks Of Minneapolis Inc's impact is significant in providing economic self-sufficiency and life development skills to individuals facing barriers to employment in the inner-city of Minneapolis. By offering employment opportunities at competitive wages and providing instructional support, the organization helps break the cycle of dependency and empowers individuals to achieve financial stability. Additionally, through the integration of Christian discipleship, Masterworks Of Minneapolis Inc also works towards instilling life-changing values and beliefs in those they serve. This holistic approach not only benefits individuals directly but also contributes to the overall well-being of the community.
This information is meant to be a general summary of Masterworks Of Minneapolis 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 2022.
- Investment Income: -$143,690
- Gross Receipts: $830,095
Assets and Liabilities:
- Total Assets: $555,530
- Total Liabilities: $79,809
- Net Assets: $475,721
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Organization Details
Founding Year
1992
Phone
(612) 706-3223Principal Officer
Steve Anderson
Main Address
2915 PENTAGON DR, ST ANTHONY, MN, 55418
NTEE Category
Code: J20 - Employment
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