The Minnesota Free Market Institute
Nonprofit profile at a glance
- EIN
- 411940550
- IRS 990-EZ coverage
- 2011–2011
- Forms available
- Form 990 2010, Form 990-EZ 2011
- Location
- Wayzata, MN, USA
- Phone
- 6123882820
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Research Institutes and/or Public Policy Analysis
Reported finances
- Revenue
- $144,852
- Expenses
- $158,937
- Assets
- $44,561
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
8 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To advocate for and to promote limited government, competition and consumer choice
What it reported doing in 2011
The Minnesota free market institute is a non-partisan, non-profit educational organization dedicated to the principles of individual sovereignty, private property and the rule of law. We advocate for policies that limit government involvement in individual affairs and promote competition and consumer choice in a free market environment. We conduct research, publish studies, and reports and conduct public forums to involve minnesotans in free market reforms enhancing the quality of life for all citizens of the state.
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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 100
- Sustainability: 15
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.5%; rating input score 63
- Program expense ratio: 57%; rating input score 57
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: -9.7%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.28; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: -34.3% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -27.3% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 62.5% of revenue deployed · 57% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $91K in reported program spending
- Leadership: top reported pay $92K · 8 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Money network: 1 filed money-flow record
- 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: Program expense ratio scored 57/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 16/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.