Civic Intelligence

Minnesota Bicycle Festivals Inc

990 • Fiscal year 2016 • EIN 03-0584841

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

2038 Ford Pkwy 464St Paul, MN 55116

(651) 470-1694

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.04x

Higher debt load relative to assets than 70% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

29th percentile

-5.7%

Higher net margin than 29% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

4th percentile

-75%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

80th percentile

31%

Faster revenue growth than 80% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$5,155

Down $15,307 (-75%) from 2015

Net Assets

Down

$4,968

Down $15,494 (-76%) from 2015

Liabilities

Up

$187

Up $187 from 2015

Revenue

Up

$291,708

Up $69,321 (+31%) from 2015

Expenses

Up

$308,447

Up $51,006 (+20%) from 2015

Net Income

Up

-$16,739

Up $18,315 (+52%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $129,552Liabilities 2010: $0Net Assets 2010: $129,5522010Assets 2011: $147,025Liabilities 2011: $0Net Assets 2011: $147,0252011Assets 2012: $184,682Liabilities 2012: $0Net Assets 2012: $184,6822012Assets 2013: $242,384Liabilities 2013: $0Net Assets 2013: $242,3842013Assets 2014: $55,516Liabilities 2014: $0Net Assets 2014: $55,5162014Assets 2015: $20,462Liabilities 2015: $0Net Assets 2015: $20,4622015Assets 2016: $5,155Liabilities 2016: $187Net Assets 2016: $4,9682016Assets 2017: $80,699Liabilities 2017: $0Net Assets 2017: $80,6992017

Highlighted filing

2016

Assets$5,155
Liabilities$187
Net Assets$4,968

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $469,2562010Expenses 2011: $456,3582011Expenses 2012: $444,8102012Revenue 2013: $473,900Expenses 2013: $416,198Net Income 2013: $57,7022013Revenue 2014: $128,546Expenses 2014: $315,414Net Income 2014: -$186,8682014Revenue 2015: $222,387Expenses 2015: $257,441Net Income 2015: -$35,0542015Revenue 2016: $291,708Expenses 2016: $308,447Net Income 2016: -$16,7392016Revenue 2017: $393,564Expenses 2017: $343,396Net Income 2017: $50,1682017

Highlighted filing

2016

Revenue$291,708
Expenses$308,447
Net Income-$16,739
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$291,708
Mission and Program Overview

Mission

The primary exempt purpose is to facilitate healthy lifestyles through the organization & operation of bicycle competitions and to use such competitions to promote bicycle eduction programming offered to all cyclists and to help support tax exempt entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,382$5,155▼ $14,227
Accounts Receivable$1,080--
Total Assets$20,462$5,155▼ $15,307
Liabilities
Accounts Payable and Accrued Expenses-$187-
Total Liabilities$0$187▲ $187
Net Assets / Fund Balance
Unrestricted Net Assets$20,462$4,968▼ $15,494
Total Net Assets Fund Balance$20,462$4,968▼ $15,494
Total Liabilities and Net Assets / Fund Balance$20,462$5,155▼ $15,307
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul MerwinPresident
David C LaporteExec. Director E
Carlos VilapandoMember
Stacy HednerSecretary
MIKE O'DAYTreasurer
Brendon HaleVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$223,500
Program Service Revenue
$68,205
Investment Income
$3
Other Revenue
$0
All Other Contributions
$223,500
Change in Net Assets
$-16,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$275,597
Total Fundraising Expense$48,351
Professional Fundraising Fees$32,850
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$103,251$1,091$11,038$115,380
Fees for Services Professional Fundraising--$32,850$32,850
Other Expenses$21,050--$21,050
Travel$13,601$342-$13,943
Advertising$11,354--$11,354
Office Expenses-$1,116$4,463$5,579
Insurance$2,749--$2,749
Conferences and Meetings-$1,482-$1,482
Fees for Services Accounting-$380-$380
Total Functional Expenses$255,685$4,411$48,351$308,447
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$32,850
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Draft form 990 completed & provided to the board of directors for review & comment. After comments by the directors, comments are incorporated as needed in final draft. Draft reviewed by directors and approved in minutes for filing.

Form 990, Page 6, Part VI, Line 12C

Board of directors are required to review conflict of interest policy annually and disclose any conflicts or potential conflicts of interest. Directors are also required to disclose any potential conflicts of interest during each board meeting.

Form 990, Page 6, Part VI, Line 15A

Ceo, executive director and top management compensation, if any, is determined by comparison with other entities of similar size & function; it is also determined by job duties and annual job reviews.

Form 990, Page 6, Part VI, Line 15B

Other officers and key employee compensation, if any, is determined by comparison with other entities of similar size & function; it is also determined by job duties and annual job reviews.

Form 990, Page 6, Part VI, Line 19

Governing documents, and any changes thereto as approved by the directors are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Minnesota Bicycle Festivals Inc
EIN
03-0584841
Address
2038 FORD PKWY 464, ST PAUL, MN 55116
Doing Business As
North Star Bicycle Festival

Signing Officer

Name
MIKE O'DAY
Title
Treasurer
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Merwin
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
MADSEN O'MEARA AND COMPANY PC
Address
10800 LYNDALE AVE S STE 100, BLOOMINGTON, MN 55420-5613
Preparer
JOSEPH E O'MEARA
Phone
9528819111
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The primary exempt purpose is to facilitate healthy lifestyles through the organization & operation of bicycle competitions and to use such competitions to promote bicycle eduction programming offered to all cyclists and to help support tax exempt entities.

Form 990, Part IX, Line 24E

Police & state troopers 18,469 0 0 volunteers 12,113 0 0 design 0 0 10,000 race officials 9,215 0 0 velodrome prizes 9,082 0 0 marketing 8,980 0 0 vehicle rental 7,896 0 0 permits & fees 6,130 0 0 supplies 5,435 0 0 port-a-potties 5,337 0 0 donations 4,200 0 0 announcer 3,687 0 0 communications 3,261 0 0 equipment rent 3,022 0 0 beer garden expenses 3,010 0 0 fuel 995 23 0 miscellaneous 156 158 677 facility rent 647 0 0 parking rent 516 0 0 video 500 0 0 dues 0 370 0 banners 0 0 335 catering 300 0 0 music entertainment 300 0 0 credit card fees 0 272 0 bank service fees 0 268 0 consulting 0 0 26 total 103,251 1,091 11,038

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRIMARY EXEMPT PURPOSE IS TO FACILITATE HEALTHY LIFESTYLES THROUGH THE ORGANIZATION & OPERATION OF BICYCLE COMPETITIONS AND TO USE SUCH COMPETITIONS TO PROMOTE BICYCLE EDUCTION PROGRAMMING OFFERED TO ALL CYCLISTS AND TO HELP SUPPORT TAX EXEMPT ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DRAFT FORM 990 COMPLETED & PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW & COMMENT. AFTER COMMENTS BY THE DIRECTORS, COMMENTS ARE INCORPORATED AS NEEDED IN FINAL DRAFT. DRAFT REVIEWED BY DIRECTORS AND APPROVED IN MINUTES FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS ARE REQUIRED TO REVIEW CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST. DIRECTORS ARE ALSO REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST DURING EACH BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CEO, EXECUTIVE DIRECTOR AND TOP MANAGEMENT COMPENSATION, IF ANY, IS DETERMINED BY COMPARISON WITH OTHER ENTITIES OF SIMILAR SIZE & FUNCTION; IT IS ALSO DETERMINED BY JOB DUTIES AND ANNUAL JOB REVIEWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER OFFICERS AND KEY EMPLOYEE COMPENSATION, IF ANY, IS DETERMINED BY COMPARISON WITH OTHER ENTITIES OF SIMILAR SIZE & FUNCTION; IT IS ALSO DETERMINED BY JOB DUTIES AND ANNUAL JOB REVIEWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, AND ANY CHANGES THERETO AS APPROVED BY THE DIRECTORS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6POLICE & STATE TROOPERS 18,469 0 0 VOLUNTEERS 12,113 0 0 DESIGN 0 0 10,000 RACE OFFICIALS 9,215 0 0 VELODROME PRIZES 9,082 0 0 MARKETING 8,980 0 0 VEHICLE RENTAL 7,896 0 0 PERMITS & FEES 6,130 0 0 SUPPLIES 5,435 0 0 PORT-A-POTTIES 5,337 0 0 DONATIONS 4,200 0 0 ANNOUNCER 3,687 0 0 COMMUNICATIONS 3,261 0 0 EQUIPMENT RENT 3,022 0 0 BEER GARDEN EXPENSES 3,010 0 0 FUEL 995 23 0 MISCELLANEOUS 156 158 677 FACILITY RENT 647 0 0 PARKING RENT 516 0 0 VIDEO 500 0 0 DUES 0 370 0 BANNERS 0 0 335 CATERING 300 0 0 MUSIC ENTERTAINMENT 300 0 0 CREDIT CARD FEES 0 272 0 BANK SERVICE FEES 0 268 0 CONSULTING 0 0 26 TOTAL 103,251 1,091 11,038
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt020462
IRS990/TotalAssetsEOYAmt05155
IRS990/TotalAssetsGrp/BOYAmt020462
IRS990/TotalAssetsGrp/EOYAmt05155
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0223500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt048351
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04411
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0255685
IRS990/TotalFunctionalExpensesGrp/TotalAmt0308447
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0187
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0187
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020462
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04968
IRS990/TotalProgramServiceExpensesAmt0255685
IRS990/TotalProgramServiceRevenueAmt068205
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt068208
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0291708
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020462
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05155
IRS990/TravelGrp/ManagementAndGeneralAmt0342
IRS990/TravelGrp/ProgramServicesAmt013601
IRS990/TravelGrp/TotalAmt013943
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt020462
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04968
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.NORTHSTARBICYCLEFESTIVAL.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE O'DAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA BICYCLE FESTIVALS INC
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0030584841
ReturnHeader/Filer/USAddress/AddressLine1Txt02038 FORD PKWY 464
ReturnHeader/Filer/USAddress/CityNm0ST PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055116
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0ACAD4F74A5F7328385A4D9DAB54740F94E003BEE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0ACAD4F74A5F7328385A4D9DAB54740F94E003BEE
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562377597
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MADSEN O'MEARA AND COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010800 LYNDALE AVE S STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLOOMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554205613
ReturnHeader/PreparerPersonGrp/PhoneNum09528819111
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH E O'MEARA
ReturnHeader/ReturnTs02017-11-15T11:34:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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