Civic Intelligence

Minnesota Bed & Breakfast Association

990EZ • Fiscal year 2022 • EIN 20-0081439

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 09, 2023

701 Kenilworth Avenue SouthLanesboro, MN 55949

(507) 467-4500

Siviq Scores

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

Liabilities / Assets

98th percentile

1.37x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

4.03x

Higher debt load relative to revenue than 99% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

3rd percentile

-124%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$20,000

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 111.5% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

13th percentile

-28%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-55%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$52,681

Down $20,061 (-28%) from 2021

Net Assets

Down

-$19,554

Down $22,185 (-843%) from 2021

Liabilities

Up

$72,235

Up $2,124 (+3.0%) from 2021

Revenue

Down

$17,939

Down $22,195 (-55%) from 2021

Expenses

Down

$40,124

Down $3,221 (-7.4%) from 2021

Net Income

Down

-$22,185

Down $18,974 (-591%) from 2021

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2012: $59,222Liabilities 2012: $14,1322012Assets 2013: $55,697Liabilities 2013: $41,5122013Assets 2014: $63,175Liabilities 2014: $47,4602014Assets 2015: $70,080Liabilities 2015: $55,3952015Assets 2016: $62,123Liabilities 2016: $59,5602016Assets 2017: $69,609Liabilities 2017: $44,1472017Assets 2018: $74,277Liabilities 2018: $54,4722018Assets 2019: $71,309Liabilities 2019: $57,6332019Assets 2020: $68,084Liabilities 2020: $62,2422020Assets 2021: $72,742Liabilities 2021: $70,111Net Assets 2021: $2,6312021Assets 2022: $52,681Liabilities 2022: $72,235Net Assets 2022: -$19,5542022Assets 2023: $0Net Assets 2023: $02023

Highlighted filing

2022

Assets$52,681
Liabilities$72,235
Net Assets-$19,554

Operations Trend

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

$100K$50K$0-$50KRevenue 2012: $49,717Expenses 2012: $46,568Net Income 2012: $3,1492012Revenue 2013: $38,971Expenses 2013: $69,876Net Income 2013: -$30,9052013Revenue 2014: $37,256Expenses 2014: $35,726Net Income 2014: $1,5302014Revenue 2015: $45,119Expenses 2015: $46,149Net Income 2015: -$1,0302015Revenue 2016: $36,490Expenses 2016: $48,612Net Income 2016: -$12,1222016Revenue 2017: $57,315Expenses 2017: $34,416Net Income 2017: $22,8992017Revenue 2018: $33,193Expenses 2018: $38,850Net Income 2018: -$5,6572018Revenue 2019: $22,878Expenses 2019: $29,007Net Income 2019: -$6,1292019Revenue 2020: $24,399Expenses 2020: $32,233Net Income 2020: -$7,8342020Revenue 2021: $40,134Expenses 2021: $43,345Net Income 2021: -$3,2112021Revenue 2022: $17,939Expenses 2022: $40,124Net Income 2022: -$22,1852022Revenue 2023: $5,811Expenses 2023: $19,817Net Income 2023: -$14,0062023

Highlighted filing

2022

Revenue$17,939
Expenses$40,124
Net Income-$22,185
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$17,939
Mission and Program Overview

Mission

To foster, promote perpetuate BB operations in MN

To foster promote Bed Breakfast operations.

Program Services

DescriptionGrantsExpenses
To foster, promote perpetuate Bed Breakfast operations in Minnesota.-$40,124
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brenda PearsonAdministratorPT$20,000-$20,000
Kristin FisherPresident-$0--
Peter TorkelsonTreasurer-$0--
Wende NelsonVice President-$0--
Filing and Contact Details

Filer

Filer Name
Minnesota Bed & Breakfast Association
EIN
20-0081439
Phone
5074674500
Address
701 KENILWORTH AVENUE SOUTH, LANESBORO, MN 55949

Signing Officer

Name
Peter Torkelson
Title
Treasurer
Phone
5074674500
Signed
2023-11-09
Discuss with paid preparer
No

Preparer

Firm
Robert Seifert CPA
Address
1727 NORTH BROADWAY, NEW ULM, MN 56073
Preparer
Robert J Seifert
Phone
5073592806
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Other Expenses Conferences, Conventions Meetings 750

Form 990-EZ, Part I, Line 16

Other Expenses Bank Charges Credit Card Fees 1,812

Form 990-EZ, Part I, Line 16

Other Expenses Books Subscriptions 1,537

Form 990-EZ, Part I, Line 16

Other Expenses Insurance 784

Form 990-EZ, Part I, Line 16

Other Expenses Marketing Grants 10,062

Form 990-EZ, Part I, Line 16

Other Expenses Office Expense Supplies 416

Form 990-EZ, Part II, Line 26

Liabilities Gift Certificates Payable Beginning of year 70,111, End of year 72,235

Form 990-EZ, Part V, Line 35

Business activity income does not meet the publication 598 definition of unrelated business income

Raw XML Appendix183 raw XML fields

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

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum05074674500
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Lanesboro
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055949
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Brenda Pearson
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Wende Nelson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Administrator
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Vice President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt015361
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To foster promote Bed Breakfast operations.
IRS990EZ/ProgramServiceRevenueAmt04403
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To foster, promote perpetuate Bed Breakfast operations in Minnesota.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt040124
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt021969
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt070111
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt072235
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt040124
IRS990EZ/TotalProgramServiceExpensesAmt040124
IRS990EZ/TotalRevenueAmt017939
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt013525
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt020827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt017522
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt015989
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt015048
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt082911
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt070
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04403
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt070
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99950
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IRS990ScheduleA/PublicSupportTotal509Amt0138473
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt017928
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt024368
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt022866
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt033181
IRS990ScheduleA/Total509Grp/TotalAmt0138473
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt017939
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt022878
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt033193
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0138543
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Other Expenses Conferences, Conventions Meetings 750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Other Expenses Bank Charges Credit Card Fees 1,812
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Other Expenses Books Subscriptions 1,537
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Other Expenses Insurance 784
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other Expenses Marketing Grants 10,062
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Other Expenses Office Expense Supplies 416
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Liabilities Gift Certificates Payable Beginning of year 70,111, End of year 72,235
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Business activity income does not meet the publication 598 definition of unrelated business income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part V, Line 35
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER TORKELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05074674500
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA BED & BREAKFAST ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0200081439
ReturnHeader/Filer/PhoneNum05074674500
ReturnHeader/Filer/USAddress/AddressLine1Txt0701 KENILWORTH AVENUE SOUTH
ReturnHeader/Filer/USAddress/CityNm0LANESBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055949
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411760355
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBERT SEIFERT CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01727 NORTH BROADWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW ULM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056073
ReturnHeader/PreparerPersonGrp/PhoneNum05073592806
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J SEIFERT
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-09T04:23:07-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PETER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TORKELSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings