Mpma Education Foundation

Nonprofit profile at a glance

EIN
411889792
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-PF 2020
Location
Brooklyn Park, MN, USA
Phone
7635283557
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Vocational, Technical Schools

Official website

Reported finances

Revenue
$70,814
Expenses
$94,133
Assets
$103,795
Liabilities
$4,888

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • CHUCK OLSON (PRESIDENT)
  • HEIDI BRAUN (VICE PRESIDENT)

People named in this filing

  • CHUCK OLSON (PRESIDENT)
  • HEIDI BRAUN (VICE PRESIDENT)
  • BARB DORUMSGAARD (SECRETARY/TREASURER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission is to promote the education of students interested in precision manufacturing. The Minnesota precision manufacturing association's education foundation was formed to address the shortage of people entering the manufacturing field by supporting students, school technical programs, and educational institutions. Two of the main initiatives include: scholarship and education funding.

What it reported doing in 2024

Scholarships - the organization awards scholarships typically in the amount ranging from $500 - $2,000 to help motivated students with an interest in manufacturing get the training they need to become successful in the field. The organization contributed to scholarship funds at various colleges and universities. During 2024, 19 scholarships totaling $24,750 were awarded to individuals. The foundation also awarded $34,000 to the centennial public schools technical education program and $3,500 to the armstrong high school supermileage club.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

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 assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 100
  • Sustainability: 31
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.9%; rating input score 88
  • Program expense ratio: 66.1%; rating input score 66

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -32.9%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 1.1; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 135.4% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 20.1% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: -16.3% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 87.9% of revenue deployed · 66.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $62K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Sustainability: Operating margin scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.