Product Development & Management Association
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Product Development & Management Association is a 501(c)(6) organization based in Minneapolis, Minnesota, registered in 1986, with $1,434,569 in FY2024 revenue. CharityIndex grades it B.
1601 Utica Ave S Ste 213, Minneapolis, MN, 55416 EIN 38-2287777 Since 1986
Revenue (FY2024)
$1.4M
▼ 21.5% vs prior year
Expenses (FY2024)
$1.4M
Net assets
$1.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Product Development & Management Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +3% 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 Product Development & Management Association: 16 mo reserves · +3% margin earns a A 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 Product Development & Management Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Product Development & Management Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1601 Utica Ave S Ste 213, Minneapolis, MN, 55416
- City
- Minneapolis
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $1.3M (FY2013) to $1.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $52KNet assets $1.8M
Operating margin
2.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.9M
Total liabilities
$52K
Net assets
$1.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,434,569▼21.5% | $1,396,511▲18.0% | $1,838,435▲4.3% | $1,890,674▲4.1% | 990 |
| 2023 | $1,827,067▲24.2% | $1,183,763▲5.9% | $1,761,991▲74.4% | $1,815,558▲45.9% | 990 |
| 2022 | $1,471,117▲37.0% | $1,117,774▲13.0% | $1,010,161▲44.7% | $1,244,150▲66.4% | 990 |
| 2021 | $1,073,754▲24.0% | $989,593▲34.3% | $698,255▲15.4% | $747,589▲9.8% | 990 |
| 2020 | $865,743▼36.3% | $736,885▼35.5% | $604,894▲27.1% | $680,856▲8.2% | 990 |
| 2019 | $1,358,590▲19.8% | $1,143,032▲17.7% | $476,036▲82.8% | $629,330▲61.5% | 990 |
| 2018 | $1,134,373▼3.8% | $970,834▲1.0% | $260,478▲295% | $389,603▲12.7% | 990 |
| 2017 | $1,179,034▲30.8% | $961,286▼5.2% | $65,956▲143% | $345,688▲40.9% | 990 |
| 2016 | $901,363▼17.5% | $1,013,560▼2.8% | -$151,792▼283% | $245,349▼2.6% | 990 |
| 2015 | $1,093,024▲1.7% | $1,042,386▼1.7% | -$39,595▲56.1% | $251,780▲10.4% | 990 |
| 2014 | $1,074,821▼17.0% | $1,060,731▼27.7% | -$90,233▲13.5% | $228,069▼32.3% | 990 |
| 2013 | $1,294,722 | $1,467,569▼0.1% | -$104,323▼252% | $337,023▼23.2% | 990 |
| 2012 | — | $1,468,449▼21.7% | $68,524▲6.2% | $438,831▼11.8% | 990 |
| 2011 | — | $1,874,758▼7.2% | $64,518▼73.2% | $497,363▼12.4% | 990 |
| 2010 | — | $2,019,129 | $241,109 | $567,590 | 990 |
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.
Frequently asked questions
- Is Product Development & Management Association a legitimate nonprofit?
- Yes. Product Development & Management Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 38-2287777, based in Minneapolis, Minnesota.
- What is Product Development & Management Association's EIN?
- Product Development & Management Association's Employer Identification Number (EIN) is 38-2287777.
- How much revenue does Product Development & Management Association report?
- Product Development & Management Association reported $1,434,569 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Product Development & Management Association have?
- CharityIndex grades Product Development & Management Association B, based on financial health (reserves and operating margin).
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Data for Product Development & Management Association (EIN 38-2287777) 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.