Civic Intelligence

John T Petters Foundation

990 • Fiscal year 2013 • EIN 20-0881450

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 11, 2014

Organization ProfileWWW.JOHNTPETTERSFOUNDATION.ORG
CO Jasper Reid 2400 W County Rd D55112

(651) 635-9776

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

87th percentile

$32,986

Higher top officer pay than 87% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $610,906 (-100%) from 2012

Net Assets

Down

$0

Down $610,906 (-100%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

Up

$610,906

Up $423,201 (+225%) from 2012

Net Income

-$610,906

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,217,201Liabilities 2010: $25,445Net Assets 2010: $2,191,7562010Assets 2011: $1,972,090Liabilities 2011: $1,262,522Net Assets 2011: $709,5682011Assets 2012: $610,906Liabilities 2012: $0Net Assets 2012: $610,9062012Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013

Highlighted filing

2013

Assets$0
Liabilities$0
Net Assets$0
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $279,0932010Expenses 2011: $275,9932011Expenses 2012: $187,7052012Revenue 2013: $0Expenses 2013: $610,906Net Income 2013: -$610,9062013

Highlighted filing

2013

Revenue$0
Expenses$610,906
Net Income-$610,906
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 11, 2014
Return Version
2013v3.1
Gross Receipts
$0
Mission and Program Overview

Mission

In honor of john t. Petters, we develop global competence in talented students.see sched 0, line 07 for detailed description.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$610,906--
Rtn Earn Endowment Incm Other Fnds$610,906--
Total Assets$610,906$0▼ $610,906
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$610,906$0▼ $610,906
Total Liabilities and Net Assets / Fund Balance$610,906$0▼ $610,906
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert D LawsonExecutive DirectorFT$32,025$961$32,986

Board Members and Trustees

NameTitle
Jennifer Von RudenChair
Jamie HaganBoard Member
Patty HammSecretary
John HaganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-610,906
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$574,693
Salaries, Compensation, and Employee Benefits$36,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses-$560,549-$560,549
Current Officers, Directors, Trustees, and Key Employees-$32,025-$32,025
Fees for Services Legal-$5,077-$5,077
Fees for Services Accounting-$3,560-$3,560
Payroll Taxes-$3,227-$3,227
Insurance-$2,179-$2,179
Fees for Services Other-$1,743-$1,743
Pension Plan Contributions-$961-$961
Other Expenses-$180-$180
Office Expenses-$103-$103
Travel-$42-$42
Total Functional Expenses$0$610,906$0$610,906
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Jennifer von ruden is the daughter of jamie hagan and the granddaughter of john hagan. John hagan is the grandfather of jennifer von ruden and the father of jamie hagan. Jamie hagan is the mother of jennifer von ruden and the daughter of john hagan.”

Form 990 governing body review Part VI line 11

“The 990 is reviewed by the president and treasurer.”

Governing documents etc available to public Part VI line 19

“The governing documents are available upon request.”

Filing and Contact Details

Filer

EIN
20-0881450

Signing Officer

Name
Robert D Lawson
Title
Executive Direc
Phone
6516359776
Signed
2014-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert D Lawson
Formed
2004
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
0
Employees
1

Preparer

Preparer
Scott Reid
Phone
6516359776
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Established reserve for settlement and liabilities were paid down”

List of other fees for services expenses Part IX line 11G

“SEE LIST OF EXPENSES”

List of other expenses Part IX line 24E

“See list of other expenses attached”

General explanation attachment

“Form 990, part iii, line 1, description of organizations mission:the john t. Petters foundation exists to execute the vision and passion of john t. Petters in supporting global study experiences of college students. John's vision illuminates and guides our purpose. John possessed incredible passion, integrity, caring and concern to increase the diversity of students studying abroad, regardless of their ability to pay. The resources of the john t. Petters foundation will be used to further john's vision of enriching global knowledge among students and, accordingly, our future workforce. Footnote:the foundation has settled all claims arising out of the petters group bankruptcy and these are reflected in the 2011 and 2012 financial information.”

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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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IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0MN COMMUNITY FOUNDATION
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1055 FIFTH ST EAST NO 600
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/City0SAINT PAUL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JENNIFER VON RUDEN IS THE DAUGHTER OF JAMIE HAGAN AND THE GRANDDAUGHTER OF JOHN HAGAN. JOHN HAGAN IS THE GRANDFATHER OF JENNIFER VON RUDEN AND THE FATHER OF JAMIE HAGAN. JAMIE HAGAN IS THE MOTHER OF JENNIFER VON RUDEN AND THE DAUGHTER OF JOHN HAGAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE PRESIDENT AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ESTABLISHED RESERVE FOR SETTLEMENT AND LIABILITIES WERE PAID DOWN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE LIST OF EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE LIST OF OTHER EXPENSES ATTACHED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATIONS MISSION:THE JOHN T. PETTERS FOUNDATION EXISTS TO EXECUTE THE VISION AND PASSION OF JOHN T. PETTERS IN SUPPORTING GLOBAL STUDY EXPERIENCES OF COLLEGE STUDENTS. JOHN'S VISION ILLUMINATES AND GUIDES OUR PURPOSE. JOHN POSSESSED INCREDIBLE PASSION, INTEGRITY, CARING AND CONCERN TO INCREASE THE DIVERSITY OF STUDENTS STUDYING ABROAD, REGARDLESS OF THEIR ABILITY TO PAY. THE RESOURCES OF THE JOHN T. PETTERS FOUNDATION WILL BE USED TO FURTHER JOHN'S VISION OF ENRICHING GLOBAL KNOWLEDGE AMONG STUDENTS AND, ACCORDINGLY, OUR FUTURE WORKFORCE. FOOTNOTE:THE FOUNDATION HAS SETTLED ALL CLAIMS ARISING OUT OF THE PETTERS GROUP BANKRUPTCY AND THESE ARE REFLECTED IN THE 2011 AND 2012 FINANCIAL INFORMATION.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6General explanation attachment
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Scott Reid CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102400 W County Road D Ste 130
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Roseville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode055112
ReturnHeader/PreparerPersonGrp/PhoneNum06516359776
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Scott Reid
ReturnHeader/ReturnTs02014-11-17T11:48:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$610,906
Net income
-$610,906
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.61$0.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.00$0.61$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$1.26$0.71$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.03$2.19$0.28