Nonprofits50Th & France Business & Professional Assn

50Th & France Business & Professional Assn

EDINA, MN

Total revenue

$476K

Total expenses

$534K

Net assets

$110K

Grants received

$70K

2 grants

EIN

411366251

Tax year

2024

Mission

The Association promotes the general welfare and economic well-being of the 50th and France Business district and accomplishes more colletively than could be achieved individually.

Programs

2 programs

Events - we host edina art fair, ladies nights out, fashion shows, restaurant weeks, etc. Driven directly by the association. We are the bridge from business to business and city to city. Holiday tree lighting, and a pumpkin fest event in which we host at 50th & france. Each event draws in visitors anywhere from 300-100,000 people depending on the event. Events drive traffic to the business district and directly help businesses increase sales. Each event is open for members to participate in as a part of their annual membership dues. Each event has grown in size every year due to the advertising we do and success of participation from store and interest level from the public. We have over 50% participation level from our members in events we host.

Expenses: $71K

Marketing/promotion - we advertise events and generically advertise shopping for 50th & france. Through our efforts of promoting the area we have become a destination. The promotions we have done directly increased sales for businesses, brought new business to the area, and kept 50th & france in the media weekly.

Expenses: $135K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$476K
Investment income$107
Other revenue
Total revenue$476K

Expenses

Grants paid
Salaries & benefits$55K
Fundraising$252K
Other expenses$479K
Total expenses$534K
Total assets$111K
Net assets$110K

People

8 listed

NameRoleCompensation

Rebecca Sorensen

Executive Director

Board

$52K

30 hrs/wk

Pete Deanovic

President

Board

0

Jenifer Kent

Treasurer

Board

0

Andrea Hunt

Vice President

Board

0

Jackie Wallin

Director

Board

0

Michael Giacomini

Director

Board

0

Michelle Mann

Director

Board

0

Lyndsey Jacques

Director

Board

0

Grants received

Showing 2 of 2

FromAmountPurposeYear
$63K
Sponsorship, Edina Art Fair, Marketing Grant
2024
$8K
2023 Edina Art Fair sponsorship
2023

Funded by

$70K from 1 funder · 2 grants · 2023–2024

Edina Chamber of Commerce

$70K · 2 grants · 2023–2024

Details

EIN411366251
Subsection06
Ruling date1955-01
Formed1941
Employees1
Volunteers0
50TH & FRANCE BUSINESS & PROFESSIONAL ASSN — Mission, Financials & Grants Received | Grantivo