Minnesota Internship Center
Nonprofit profile at a glance
- EIN
- 383673618
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Minneapolis, MN, USA
- Phone
- 6515881449
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $6,583,831
- Expenses
- $5,557,695
- Assets
- $3,785,089
- Liabilities
- $4,916,971
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Highest reported compensation
- Reginal Womack (ExOfficio(end 10.7.24), Program Dir(beg 10.7.24)): $138,591 total reported compensation
- Tracy Eberlein (Chair (end 10.13.24), Executive Dir (beg 10.7.24)): $121,906 total reported compensation
- Paul Eaton (Treasurer (end 10.13.24)): $87,368 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Minnesota Internship Center partners with communities and learners to achieve academic, career, and life success.
What it reported doing in 2024
Minnesota Internship Center (MNIC) provides secondary education for older teens facing barriers such as homelessness, disabilities, or the need for specialized academic or career support. The school offers state-approved instruction, optional internships, and work-experience opportunities aligned with Minnesota academic standards. Special education services are available in all programs. As a Minnesota Department of Education approved work-experience school, MNIC allows students to earn credit through employment combined with coursework.
Operating model
- Revenue model
- Grant-funded. 99% of the money available for current operations came from government grants.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 100
- Accountability: 56
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.3%; rating input score 68
- Program expense ratio: 81%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 33.3%; rating input score 33; 7th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15.6%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 0.68; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 1.3; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 12%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 2.3% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 7.6% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 68.3% of revenue deployed · 81% of spending went to programs
- Governance: 3 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.5M in reported program spending
- Leadership: top reported pay $139K · 10 people listed
- Highest-paid contractors: 1 contractor listed · $217K reported
- Consistency: 26 of 26 current checks pass
- Schedules: 7 filed schedules · includes major donors and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Accountability: Independent voting board scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 24/100.