Sheridan Neighborhood Organization

Nonprofit profile at a glance

EIN
411940413
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Minneapolis, MN, USA
Phone
6123790728
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$92,742
Expenses
$79,404
Assets
$52,103

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

Leadership & pay

14 people listed

Executive titles in this filing

  • Rose Hallet (President)
  • Laura Murphy (Vice President)

People named in this filing

  • Rose Hallet (President)
  • Laura Murphy (Vice President)
  • Sam Palmer (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

Sheridan Neighborhood Organization is a community run organization in NE Minneapolis designed to strengthen and celecbrate community between residents, businesses and institutions.

What it reported doing in 2024

SNO assumed primary administrative responsibility for both of its community gardens and secured grants for their support SNO ran its 20th Annual Historic Riverfront 5K Run/Walk on September 28, 2024As part of its community engagement efforts, SNO hosted an open house to review the updated bridge concept across the Mississippi River & maintained active community presense at neighborhood eventsNO supported several equity-infused community initiatives including: Healing House, Solectiva Bilingue & LL. COOLJ & Hosted 6 neighborhood cleanups and 2 invasive plan removals.

Operating model

Revenue model
Donor-supported. 84% 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

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 100
  • Sustainability: 49
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.3%; rating input score 58
  • Program expense ratio: 68.1%; rating input score 68

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: 14.4%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 0.66; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -24.3% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -14.3% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: 17.4% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 58.3% of revenue deployed · 68.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $54K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.