Civic Intelligence

Micro Grants

990 • Fiscal year 2014 • EIN 20-4092394

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 01, 2015

Organization ProfileWWW.MICROGRANTS.NET
1035 E Franklin AveMinneapolis, MN 55404

(612) 200-8174

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

74th percentile

15%

Faster asset growth than 74% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

60th percentile

9.8%

Faster revenue growth than 60% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$619,292

Up $78,993 (+15%) from 2013

Net Assets

Up

$619,292

Up $79,899 (+15%) from 2013

Liabilities

Down

$0

Down $906 (-100%) from 2013

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin68th percentile

Revenue

Up

$708,000

Up $63,481 (+9.8%) from 2013

Expenses

Up

$628,101

Up $59,525 (+10%) from 2013

Net Income

Up

$79,899

Up $3,956 (+5.2%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $309,972Liabilities 2010: $4,166Net Assets 2010: $305,8062010Assets 2011: $343,442Liabilities 2011: $936Net Assets 2011: $342,5062011Assets 2012: $464,829Liabilities 2012: $1,379Net Assets 2012: $463,4502012Assets 2013: $540,299Liabilities 2013: $906Net Assets 2013: $539,3932013Assets 2014: $619,292Liabilities 2014: $0Net Assets 2014: $619,2922014Assets 2015: $830,727Liabilities 2015: $27,630Net Assets 2015: $803,0972015Assets 2016: $731,296Liabilities 2016: $7,117Net Assets 2016: $724,1792016Assets 2017: $712,789Liabilities 2017: $4,536Net Assets 2017: $708,2532017Assets 2018: $729,853Liabilities 2018: $8,028Net Assets 2018: $721,8252018Assets 2019: $716,736Liabilities 2019: $35,767Net Assets 2019: $680,9692019Assets 2020: $1,661,550Liabilities 2020: $52,638Net Assets 2020: $1,608,9122020Assets 2021: $2,657,136Liabilities 2021: $31,493Net Assets 2021: $2,625,6432021Assets 2022: $1,209,820Liabilities 2022: $46,546Net Assets 2022: $1,163,2742022Assets 2023: $851,468Liabilities 2023: $37,680Net Assets 2023: $813,7882023Assets 2024: $651,261Liabilities 2024: $142,078Net Assets 2024: $509,1832024

Highlighted filing

2014

Assets$619,292
Liabilities$0
Net Assets$619,292
Open 2014 Filing

Operations Trend

Revenue Growth60th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $453,5562010Revenue 2011: $555,119Expenses 2011: $518,419Net Income 2011: $36,7002011Expenses 2012: $537,5092012Revenue 2013: $644,519Expenses 2013: $568,576Net Income 2013: $75,9432013Revenue 2014: $708,000Expenses 2014: $628,101Net Income 2014: $79,8992014Revenue 2015: $926,297Expenses 2015: $742,492Net Income 2015: $183,8052015Revenue 2016: $932,179Expenses 2016: $1,011,097Net Income 2016: -$78,9182016Revenue 2017: $940,806Expenses 2017: $956,732Net Income 2017: -$15,9262017Revenue 2018: $1,181,355Expenses 2018: $1,167,783Net Income 2018: $13,5722018Revenue 2019: $1,376,229Expenses 2019: $1,417,085Net Income 2019: -$40,8562019Revenue 2020: $2,887,040Expenses 2020: $1,959,097Net Income 2020: $927,9432020Revenue 2021: $3,778,207Expenses 2021: $2,761,477Net Income 2021: $1,016,7302021Revenue 2022: $1,216,231Expenses 2022: $2,678,600Net Income 2022: -$1,462,3692022Revenue 2023: $1,910,177Expenses 2023: $2,259,663Net Income 2023: -$349,4862023Revenue 2024: $983,894Expenses 2024: $1,288,499Net Income 2024: -$304,6052024

Highlighted filing

2014

Revenue$708,000
Expenses$628,101
Net Income$79,899
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 1, 2015
Return Version
2014v5.0
Gross Receipts
$708,000
Mission and Program Overview

Mission

To spur economic self-sufficiency by giving strategic grants to low-income people of potential through partner agencies.

FINANCIAL ASSISTANCE

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$538,494$596,968▲ $58,474
Pledges and Grants Receivable-$20,000-
Land, Buildings, and Equipment, Net$1,363$1,918▲ $555
Total Assets$540,299$619,292▲ $78,993
Other Assets Total$442$406▼ $36
Liabilities
Accounts Payable and Accrued Expenses$906--
Total Liabilities$906$0▼ $906
Net Assets / Fund Balance
Unrestricted Net Assets$458,988$550,446▲ $91,458
Temporarily Rstr Net Assets$80,405$68,846▼ $11,559
Total Net Assets Fund Balance$539,393$619,292▲ $79,899
Total Liabilities and Net Assets / Fund Balance$540,299$619,292▲ $78,993

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,918$3,097$5,015
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Gary CunninghamChairman
Allen LenzmeierDirector
Barbara GrossmanDirector
Berit JohnsonDirector
Charles GarrityDirector
Dr Verna PriceDirector
Jeffrey HeegaardDirector
Jim GravesDirector
Jim ScheibelDirector
Jim ToscanoDirector
Mitch PearlsteinDirector
Sam SelvaggioDirector
Tom Rock-
James WeichertSecretary
Joseph K SelvaggioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$705,743
Program Service Revenue
$0
Investment Income
$2,257
Other Revenue
$0
All Other Contributions
$705,743
Change in Net Assets
$79,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$431,778
Salaries, Compensation, and Employee Benefits$119,788
Total Fundraising Expense$84,228
Other Expenses$76,535
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$431,408--$431,408
Other Salaries and Wages$47,915$11,979$59,894$119,788
All Other Expenses$1,701$1,839$4,878$8,418
Office Expenses$3,957$719$2,518$7,194
Fees for Services Accounting$1,816$907$1,816$4,539
Other Expenses$1,856$928$928$3,712
Travel$172-$3,274$3,446
Fees for Services Other$270$135$270$675
Depreciation Depletion$421$53$53$527
Grants to Domestic Orgs$370--$370
Total Functional Expenses$525,268$18,605$84,228$628,101
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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

Form 990, Page 6, Part VI, Line 2

“Sam selvaggio joseph selvaggio director chairman son/father”

Form 990, Page 6, Part VI, Line 8B

“No committes with authority in place in 2014”

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

“990 given to officers to review before filing”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Microgrants
EIN
20-4092394
Phone
6122008174
Address
1035 E FRANKLIN AVE, MINNEAPOLIS, MN 55404

Signing Officer

Name
Joseph K Selvaggio
Title
Chairman
Phone
6122008174
Signed
2015-06-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph K Selvaggio
Formed
2005
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
50

Preparer

Firm
Obermeier & Associates Pa
Address
14300 NICOLLET CT STE 302, BURNSVILLE, MN 55306-8330
Preparer
Brian a Obermeier
Phone
9528982011
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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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IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0641662
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0407684
IRS990/PYInvestmentIncomeAmt0818
IRS990/PYOtherExpensesAmt073833
IRS990/PYOtherRevenueAmt02039
IRS990/PYRevenuesLessExpensesAmt075943
IRS990/PYSalariesCompEmpBnftPaidAmt087059
IRS990/PYTotalExpensesAmt0568576
IRS990/PYTotalRevenueAmt0644519
IRS990/ReconcilationRevenueExpnssAmt079899
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0705743
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0647163
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0652682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0553398
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0508121
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03067107
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02257
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02257
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74470
IRS990ScheduleA/PublicSupportPY170Pct00.76150
IRS990ScheduleA/PublicSupportTotal170Amt02285662
IRS990ScheduleA/SubstantialContributorsTotAmt0781445
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0705743
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0647163
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0652682
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0553398
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0508121
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03067107
IRS990ScheduleA/TotalSupportAmt03069364
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01918
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03097
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05015
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01918
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0431408
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0400
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SAM SELVAGGIO JOSEPH SELVAGGIO DIRECTOR CHAIRMAN SON/FATHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO COMMITTES WITH AUTHORITY IN PLACE IN 2014
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 GIVEN TO OFFICERS TO REVIEW BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt080405
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt068846
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0540299
IRS990/TotalAssetsEOYAmt0619292
IRS990/TotalAssetsGrp/BOYAmt0540299
IRS990/TotalAssetsGrp/EOYAmt0619292
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0705743
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt084228
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018605
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0525268
IRS990/TotalFunctionalExpensesGrp/TotalAmt0628101
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0906
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0906
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0539393
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0619292
IRS990/TotalProgramServiceExpensesAmt0525268
IRS990/TotalRevenueGrp/ExclusionAmt02257
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0708000
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0540299
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0619292
IRS990/TravelGrp/FundraisingAmt03274
IRS990/TravelGrp/ProgramServicesAmt0172
IRS990/TravelGrp/TotalAmt03446
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0458988
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0550446
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01035 E FRANKLIN AVE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055404
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.MICROGRANTS.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH K SELVAGGIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06122008174
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICROGRANTS
ReturnHeader/Filer/BusinessNameControlTxt0MICR
ReturnHeader/Filer/EIN0204092394
ReturnHeader/Filer/PhoneNum06122008174
ReturnHeader/Filer/USAddress/AddressLine1Txt01035 E FRANKLIN AVE
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055404
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411677565
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OBERMEIER & ASSOCIATES PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014300 NICOLLET CT STE 302
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BURNSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$619,292
Liabilities
$0
Net assets
$619,292
Revenue
$708,000
Expenses
$628,101
Net income
$79,899
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.65$0.14$0.51$0.98$1.29$0.30
2023Detailed filing. Detailed filing data is available for this year.$0.85$0.04$0.81$1.91$2.26$0.35
2022Detailed filing. Detailed filing data is available for this year.$1.21$0.05$1.16$1.22$2.68$1.46
2021Detailed filing. Detailed filing data is available for this year.$2.66$0.03$2.63$3.78$2.76$1.02
2020Detailed filing. Detailed filing data is available for this year.$1.66$0.05$1.61$2.89$1.96$0.93
2019Detailed filing. Detailed filing data is available for this year.$0.72$0.04$0.68$1.38$1.42$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.01$0.72$1.18$1.17$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.94$0.96$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.73$0.01$0.72$0.93$1.01$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.83$0.03$0.80$0.93$0.74$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.71$0.63$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.64$0.57$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.46$0.54
2011Summary only. Only limited summary data is available for this year.$0.34$0.00$0.34$0.56$0.52$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$0.45