Minnesota Collection Network For Student Loans-receivables
501(c)(6)Community
Only null% goes to programs Strong reserves Declining revenue
Minnesota Collection Network For Student Loans-receivables is a 501(c)(6) organization based in Duluth, Minnesota, registered in 2000, with $81 in FY2020 revenue. CharityIndex grades it F.
129 Dadb - 1049 University Drive, Duluth, MN, 55812 EIN 41-1619042 Since 2000
Revenue (FY2020)
$81
▼ 99.9% vs prior year
Community median: $184K
Expenses (FY2020)
$1,316
Net assets
$63K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Minnesota Collection Network For Student Loans-receivables— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating577 mo reserves · -1525% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Minnesota Collection Network For Student Loans-receivables: 577 mo reserves · -1525% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Minnesota Collection Network For Student Loans-receivables— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Minnesota Collection Network For Student Loans-receivables: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
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Contact & location
- Address
- 129 Dadb - 1049 University Drive, Duluth, MN, 55812
- City
- Duluth
- State
- Minnesota
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue declined from $67K (FY2012) to $81 (FY2020) across 8 reported years.
Financial snapshot
Financial health & position (FY2020)
Liabilities $0Net assets $63K
Operating margin
-1524.7%
Spent more than it raised in the latest fiscal year.
Total assets
$63K
Total liabilities
$0
Net assets
$63K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2020 | $81▼99.9% | $1,316▼96.4% | $63,291▼1.9% | $63,291▼1.9% | 990EZ |
| 2019 | $55,484▲8.0% | $36,747▼41.0% | $64,526▲40.9% | $64,526▲40.9% | 990EZ |
| 2018 | $51,373▼4.3% | $62,297▼11.5% | $45,789▼19.3% | $45,789▼19.3% | 990EZ |
| 2017 | $53,706▼15.0% | $70,379▲15.6% | $56,713▼22.7% | $56,713▼22.7% | 990EZ |
| 2016 | $63,186▼4.5% | $60,900▼20.9% | $73,386▲3.2% | $73,386▲3.2% | 990EZ |
| 2015 | $66,191▼10.6% | $76,968▲7.0% | $71,100▼13.9% | $71,100▼13.9% | 990EZ |
| 2013 | $74,066▲10.9% | $71,930▲1.3% | $82,624▲2.7% | $82,624▲2.7% | 990EZ |
| 2012 | $66,761 | $71,003 | $80,488 | $80,488 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Minnesota Collection Network For Student Loans-receivables a legitimate nonprofit?
- Yes. Minnesota Collection Network For Student Loans-receivables is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 41-1619042, based in Duluth, Minnesota.
- What is Minnesota Collection Network For Student Loans-receivables's EIN?
- Minnesota Collection Network For Student Loans-receivables's Employer Identification Number (EIN) is 41-1619042.
- How much revenue does Minnesota Collection Network For Student Loans-receivables report?
- Minnesota Collection Network For Student Loans-receivables reported $81 in total revenue on its fiscal year 2020 IRS Form 990 filing.
- What financial grade does Minnesota Collection Network For Student Loans-receivables have?
- CharityIndex grades Minnesota Collection Network For Student Loans-receivables F, based on financial health (reserves and operating margin).
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Data for Minnesota Collection Network For Student Loans-receivables (EIN 41-1619042) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.