Minneapolis Riverfront Corporation Dba Minneapolis Riverfront Partnership

Nonprofit profile at a glance

EIN
263835694
IRS 990-EZ coverage
2012–2016
Forms available
Form 990-EZ 2016
Location
Minneapolis, MN, USA
Phone
6124658780
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$183,025
Expenses
$192,460
Assets
$27,600
Liabilities
$5,610

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • MIKE DERUS (DIRECTOR)
  • DAVE BEHRENS (DIRECTOR)
  • MEG FORNEY (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Revitalization of the Mississippi riverfront in minneapolis.

What it reported doing in 2016

To facilitate and support coordinated revitalization of the Mississippi riverfornt within the city of minneapolis.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 100
  • Sustainability: 24
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.1%; rating input score 74
  • Program expense ratio: 70.4%; rating input score 70

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -5.2%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.14; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 13.2% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 9.7% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: -15.8% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 74.1% of revenue deployed · 70.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $136K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 5 filing years from 2012 to 2016
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 21/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.