Minnesota Free Market Institute in Wayzata, Minnesota (MN)

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Minnesota Free Market Institute
Employer Identification Number (EIN)411940550
Name of OrganizationMinnesota Free Market Institute
In Care of NameDave Franze
Address17900 Shavers Lake Dr, Wayzata, MN 55391-3333
SubsectionEducational Organization
Ruling Date08/1999
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Tax Period12/2011
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$44,561
Amount of Income$144,852
Form 990 Revenue Amount$144,852
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Research Institutes and/or Public Policy Analysis

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Amount of income in 2011: $144,852 (it was $204,721 in 2010)
Minnesota Free Market Institute: 

Other organizations performing similar types of work: 


Assets in 2011: $44,561 (it was $58,646 in 2010)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2011: $158,937
Minnesota Free Market Institute: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2011: 0.9
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2011: 100.0%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$144,852
Contributions, gifts, grants, and similar amounts received$144,852
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$158,937
Total net assets$44,561
Deficit for the year$-14,085
Net assets or fund balances at beginning of year$58,646
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$44,561
Total liabilities$0
Net assets or fund balances$44,561
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$1,236,302
Gifts, grants, contributions, and membership fees received$1,236,302
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
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Number of organizations performing similar types of work
District of Columbia3
North Carolina1
New Hampshire1
New Jersey1
New York5
South Dakota1

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