Erats Thiel Building Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 853514810 ✦ Mt iron, MN ✦ Designated as a 501(c)(3)

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Overview

What is Erats Thiel Building Company?

Erats Thiel Building Company is a specialized organization, established with the purpose of managing the lease for East Range Academy of Technology and Science. This company holds a significant connection to the late Cindy Thiel, a co-founder of ERATS, who shared a vision with former Director Hendrickson for the Iron Range to have a school that could innovate and differ from the norm. The company's mission is solely focused on managing the building lease for this particular educational institution.


Official website here: www.mnerats.org/page/2994

Is Erats Thiel Building Company legitimate?

Erats Thiel Building Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Erats Thiel Building Company 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

For more financial information, click here


Official website here: www.mnerats.org/page/2994

What is the mission statement of Erats Thiel Building Company?

The ERATS Thiel Building Company's primary role is to oversee the lease management for the East Range Academy of Technology and Science. This organization was established with a vision to introduce a new approach to education on the Iron Range, a vision shared by Cindy Thiel, a co-founder of ERATS. The company's mission is focused solely on managing the building lease for the academy, honoring the legacy of Cindy Thiel who believed in the need for a school that could innovate. Despite its specific focus on building lease management, the company's mission reflects a commitment to contributing to educational advancement and innovation.


Official website here: www.mnerats.org/page/2994

Who is the CEO of Erats Thiel Building Company?

Fern Swanson is the Chair of Erats Thiel Building Company.


Official website here: www.mnerats.org/page/2994

What is the revenue of Erats Thiel Building Company?

Erats Thiel Building Company's revenue in 2022 was $465,183.


Official website here: www.mnerats.org/page/2994

Who are the executives of Erats Thiel Building Company and what are their salaries?


Here are 2 key members and their salaries:


Fern Swanson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jody Youso (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mnerats.org/page/2994

Where can I find the form 990 for Erats Thiel Building Company?

Erats Thiel Building Company's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mnerats.org/page/2994

Learn more at the official website: www.mnerats.org/page/2994

Mission Statement of Erats Thiel Building Company

Erats Thiel Building Company, named in honor of Cindy Thiel, a co-founder of ERATS, is committed to managing the building lease for East Range Academy of Technology and Science. Their mission stems from the shared vision of former Director Hendrickson and Thiel, who believed that the Iron Range needed a school that could innovate and try something different. The company's sole purpose is to ensure the smooth operation of the academy's building lease, contributing to the success of the educational institution.

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Impact




October, 2024

Erats Thiel Building Company significantly impacts the educational landscape in the Iron Range by managing the building lease for the East Range Academy of Technology and Science (ERATS). By ensuring the facility is well-maintained and operational, the company directly supports a unique learning environment that aims to offer innovative educational experiences. This aligns with the vision of its co-founders, including Cindy Thiel, who recognized the need for an alternative approach to education in the region. The commitment to fostering a distinct educational model helps to enrich the community and provides students with access to diverse learning opportunities that prepare them for the future.




This information is meant to be a general summary of Erats Thiel Building Company. 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.

Revenue
$465,183 (2022)
Expenses
$128,623 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $183
  • Program Service Revenue: $90,000
  • Gross Receipts: $465,183

Assets and Liabilities:

  • Total Assets: $5,498,939
  • Total Liabilities: $5,162,379
  • Net Assets: $336,560

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rent Revenue

Revenue

$90,000

Organization Details

Founding Year

2021

Principal Officer

Fern Swanson

Main Address

8541 Park Ridge Drive, Mt Iron, MN, 55768

NTEE Category

Code: B12 - Education

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