Minnesota Professional Engineers Foundation in West St Paul, Minnesota (MN)

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Minnesota Professional Engineers Foundation
Employer Identification Number (EIN)416042142
Name of OrganizationMinnesota Professional Engineers Foundation
Address20 Thompson Ave E Ste 206, West St Paul, MN 55118-3189
ActivitiesScientific research (diseases), Contact or sponsored scientific research for industry, Other school related activities
SubsectionCharitable Organization
Ruling Date12/1965
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$388,579
Amount of Income$53,455
Form 990 Revenue Amount$41,382
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities:


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Amount of income in 2012: $53,455 (it was $44,667 in 2011)
This organization: 

 $53,455
Other organizations performing similar types of work: 

 $53,455

Assets in 2012: $388,579 (it was $392,386 in 2011)
Minnesota Professional Engineers Foundation: 

 $388,579
Other organizations performing similar types of work: 

 $388,579

Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$44,667
Contributions, gifts, grants, and similar amounts received$31,257
Program service revenue including government fees and contracts$8,072
Membership dues and assessments$0
Investment income$5,338
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$95,973
Total net assets$392,386
Deficit for the year$-51,306
Net assets or fund balances at beginning of year$449,232
Other changes in net assets or fund balances$-5,540
Balance Sheets (for 2011)
Total assets$392,386
Total liabilities$0
Net assets or fund balances$392,386
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: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$296,606
Gifts, grants, contributions, and membership fees received$199,052
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$38,525
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 and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$59,029
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