Overview
What is Minnesota Education Trust?
Minnesota Education Trust, a nonprofit organization situated in St. Paul, Minnesota, is dedicated to supporting educational institutions, religious centers, and community centers. The organization's mission is to aid and collaborate with other organizations that share similar objectives. By doing so, Minnesota Education Trust aims to contribute positively to various sectors, particularly in the realm of education and community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
The Minnesota Education Trust has received a mixed evaluation, with a rating of 71%, indicative of moderate performance in accountability and finance. The organization shows strong governance characteristics, including a fully independent board and no material diversion of assets, which reflects a commitment to ethical standards and transparency.
Notably, the Trust excels in allocating resources effectively, with a high program expense ratio of 97.49%, suggesting that the majority of its funds are directed towards its educational programs. This focus on programmatic spending may bolster its impact on the community it serves.
However, the overall rating indicates that there may be areas for improvement in accountability or financial practices that could enhance its standing. While the organization demonstrates solid structural integrity, continued efforts to improve transparency and financial health could help elevate its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Education Trust legitimate?
Minnesota Education Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Education Trust 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: $0
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What is the mission statement of Minnesota Education Trust?
The Minnesota Education Trust (MET) is an organization with a mission to support various institutions that share similar goals. Specifically, it aims to assist religious centers, community centers, schools, and other organizations in their endeavors. The primary focus of MET is to provide support to these entities, furthering their objectives in alignment with its own.
Who is the CEO of Minnesota Education Trust?
Dr Asif Rahman is the President of Minnesota Education Trust.
What is the revenue of Minnesota Education Trust?
Minnesota Education Trust's revenue in 2022 was $1,981,861.
Who are the executives of Minnesota Education Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Minnesota Education Trust?
Minnesota Education Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minnesota Education Trust
Minnesota Education Trust, abbreviated as MET, is committed to supporting various organizations that share similar goals. This nonprofit entity extends its aid to religious centers, community centers, schools, and other organizations, aligning their activities with MET's objectives. In essence, MET's mission is to assist and empower these organizations, contributing to the betterment of education and community services.
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Impact
July, 2024
Minnesota Education Trust's impact can be seen in the support it provides to religious centers, community centers, and schools. By assisting organizations that align with its goals, MET plays a vital role in advancing education and community development in Minnesota. Its focus on supporting religious and educational institutions helps enrich the lives of individuals and strengthen the fabric of communities across the state. Through its efforts, MET contributes to the growth and well-being of various organizations that are essential to the community.
This information is meant to be a general summary of Minnesota Education Trust. 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.
- Program Service Revenue: $850,153
- Gross Receipts: $1,981,861
Assets and Liabilities:
- Total Assets: $11,183,294
- Total Liabilities: $69,253
- Net Assets: $11,114,041
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$850,153
Organization Details
Founding Year
2007
Phone
(651) 647-6250Principal Officer
Dr Asif Rahman
Main Address
711 SMITH AVENUE SOUTH, ST PAUL, MN, 55107
NTEE Category
Code: X124 - Religion related
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