Civic Intelligence

Minnesota Valley Lands Inc

EIN 20-4162476 • 501(c)3 • Bloomington, MN

Profile

To perform and assist in fulfilling the purpose of the minnesota valley national wildlife refuge trust, inc.

3815 East American BoulevardBloomington, MN 55425

www.mnvalleytrust.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

1st percentile

-1494%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

87th percentile

$175,396

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

384%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $15,600,901 (-100%) from 2019

Liabilities

Down

$0

Down $10,761 (-100%) from 2019

Net Assets

Down

$0

Down $15,590,140 (-100%) from 2019

Revenue

Up

$1,043,300

Up $827,769 (+384%) from 2019

Expenses

Up

$16,633,440

Up $15,877,720 (+2101%) from 2019

Net Income

Down

-$15,590,140

Down $15,049,951 (-2786%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $13,718,376Liabilities 2011: $46,672Net Assets 2011: $13,671,7042011Assets 2012: $16,081,135Liabilities 2012: $2,548Net Assets 2012: $16,078,5872012Assets 2013: $16,493,550Liabilities 2013: $775Net Assets 2013: $16,492,7752013Assets 2014: $17,761,551Liabilities 2014: $12,410Net Assets 2014: $17,749,1412014Assets 2015: $18,817,048Liabilities 2015: $63,672Net Assets 2015: $18,753,3762015Assets 2016: $19,800,159Liabilities 2016: $2,818Net Assets 2016: $19,797,3412016Assets 2017: $21,379,390Liabilities 2017: $7,815Net Assets 2017: $21,371,5752017Assets 2018: $14,666,306Liabilities 2018: $30,124Net Assets 2018: $14,636,1822018Assets 2019: $15,600,901Liabilities 2019: $10,761Net Assets 2019: $15,590,1402019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10M-$20MExpenses 2011: $156,3342011Expenses 2012: $139,7342012Expenses 2013: $132,1362013Revenue 2014: $1,393,919Expenses 2014: $137,553Net Income 2014: $1,256,3662014Revenue 2015: $1,169,321Expenses 2015: $165,086Net Income 2015: $1,004,2352015Revenue 2016: $1,193,271Expenses 2016: $149,306Net Income 2016: $1,043,9652016Revenue 2017: $1,729,040Expenses 2017: $154,806Net Income 2017: $1,574,2342017Revenue 2018: $1,585,186Expenses 2018: $8,320,579Net Income 2018: -$6,735,3932018Revenue 2019: $215,531Expenses 2019: $755,720Net Income 2019: -$540,1892019Revenue 2020: $1,043,300Expenses 2020: $16,633,440Net Income 2020: -$15,590,1402020

Highlighted filing

2020

Revenue$1,043,300
Expenses$16,633,440
Net Income-$15,590,140

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 28, 2021
Return Version
2020v4.0
Gross Receipts
$1,043,300
Mission and Program Overview

Mission

To perform and assist in fulfilling the purpose of the minnesota valley national wildlife refuge trust, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$47,843--
Accounts Receivable$1,000--
Total Assets$15,600,901$0▼ $15,600,901
Other Assets Total$15,552,058--
Liabilities
Accounts Payable and Accrued Expenses$6,000--
Other Liabilities$4,761--
Total Liabilities$10,761$0▼ $10,761
Net Assets / Fund Balance
Net Assets With Donor Restrictions$15,590,140--
Total Net Assets Fund Balance$15,590,140$0▼ $15,590,140
Total Liabilities and Net Assets / Fund Balance$15,600,901$0▼ $15,600,901
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Deborah Loon StumbrasExecutive Di$7,719$167,677$175,396
Deborah Loon StumbrasExecutive Director$7,719$402$8,121
Paige WinebargerDirector$385-$385
Ed CrozierDirector-$330$330
John WolfDirector-$330$330
Lois NorrgardDirector/tre-$330$330
James IscheDirector/pre-$275$275

Board Members and Trustees

NameTitle
Cynthia OsmundsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,010,451
Program Service Revenue
$0
Investment Income
$17
Other Revenue
$32,832
Change in Net Assets
$-15,590,140

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$910,451Cost/book Value
Total Noncash Contributions1$910,451-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,043,300
Total Revenue per Audited Statements
$1,043,300
Total Revenue per Form 990
$1,043,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$16,468,814
Other Expenses$110,071
Salaries, Compensation, and Employee Benefits$54,555
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$16,468,814--$16,468,814
Other Expenses$89,423--$89,423
Other Salaries and Wages$36,865$4,012-$40,877
Insurance$10,915--$10,915
Fees for Services Accounting-$8,991-$8,991
Current Officers, Directors, Trustees, and Key Employees$6,122$1,999-$8,121
Payroll Taxes$2,978$422-$3,400
Pension Plan Contributions$1,109$121-$1,230
Travel$361$187-$548
Other Employee Benefits$542--$542
Comp Disqual Persons-$385-$385
Office Expenses$161$33-$194
Total Functional Expenses$16,617,290$16,150$0$16,633,440

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,633,440
Total Expenses per Audited Statements$16,633,440
Total Expenses per Form 990$16,633,440
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minnesota Valley Lands LLCBloomington, MN501c3Grant$6,305
Minnesota Valley National WildlifeBloomington, MN501c3Grant-
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization does not have any committees which have the authority to act on behalf of the governing body.

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

Form 990 is presented to the board of directors following review by the executive director. It is filed after approval by the board of directors.

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

Board of directors annually file a statement committing to disclosure of any conflicts of interest or perceived conflicts of interest that may arise during the year.

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

The compensation of the executive director is established and approved by the board of directors of the minnesota valley national wildlife refuge trust, inc.

Form 990, Page 6, Part VI, Line 19

The organization will provide copies by mail or email of its governing documents, conflict of interest policy and financial statements upon request.

Filing and Contact Details

Filer

Filer Name
Minnesota Valley Lands Inc
EIN
20-4162476
Phone
6128011935
Address
3815 EAST AMERICAN BOULEVARD, BLOOMINGTON, MN 55425

Signing Officer

Name
James Ische
Title
Director/president
Phone
6127283772
Signed
2021-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Ische
Formed
2004
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Sherry D Heffernan Ltd
Address
6650 HORSESHOE BEND DR, CORCORAN, MN 55340-9549
Preparer
Sherry D Heffernan Ltd
Phone
7632297129
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Minnesota valley lands, inc. (lands) is a subsidiary of the minnesota valleynational wildlife refuge trust, inc (trust). After acquisition by the trust, all lands are deeded to lands for restoration of wetlands, uplands/grasslands/prairie and floodplain forest, as well as construction of public use facilities. The lands are donated to the usfws after restoration is complete for the minnesota valley national wildlife refuge (mvnwr). During the 2020 fiscal year, lands: received from trust the transfer of one parcel of land that had been acquired by trust. The property is 87 acres in carver county for the san francisco unit of the mvnwr. Managed habitat restoration and enhancement work at several properties acquired by the trust in recent years. Leased two agricultural fields in blue earth county while planning for habitat restoration continued. Leased the buildings and agricultural field to the sellers of property acquired by trust in 2020 in carver county, then initiated deconstruction and demolition of the buildings when the tenants moved in fall 2020 at the end of the lease. In december 2020, lands transferred title to all real assets owned by lands to minnesota valley lands llc, a newly created single-member minnesota limited liability company created by the trust. This included 43 parcels of land and one bridge. Lands also transferred the balance remaining in its checking account to trust. These actions were taken in preparation for the dissolution of lands in 2021.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has evaluated its potential exposure for uncertain tax positions and management has expressed there are no uncertain tax positions as of december 31, 2020.

Schedule D, Page 4, Part XIII

Sharing of resources: the organization shares resources, including staff and donated office space, with a related entity - see schedule r. Shared employees are employed by the related entity and each organization reports their share of allocated costs as their own.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS EVALUATED ITS POTENTIAL EXPOSURE FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS EXPRESSED THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SHARING OF RESOURCES: THE ORGANIZATION SHARES RESOURCES, INCLUDING STAFF AND DONATED OFFICE SPACE, WITH A RELATED ENTITY - SEE SCHEDULE R. SHARED EMPLOYEES ARE EMPLOYED BY THE RELATED ENTITY AND EACH ORGANIZATION REPORTS THEIR SHARE OF ALLOCATED COSTS AS THEIR OWN.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FULFILLS ITS CREATED PURPOSE WHEN IT COMPLETES HABITAT RESTORATION ON LANDS IT RECEIVES AND THEN DONATES THOSE LANDS TO THE US FISH AND WILDLIFE SERVICES (USFWS) FOR PERPETUAL MANAGEMENT FOR WILDLIFE CONSERVATION AND PUBLIC USE. IN 2020, TAXPAYER'S REAL ASSETS WERE TRANSFERRED TO MINNESOTA VALLEY LANDS LLC, WHICH IS MANAGED BY MINNESOTA VALLEY WILDLIFE REFUGE TRUST, INC. (TRUST), AND WHOSE PURPOSE IS ALSO THE SAME AS NOTED ABOVE. SEE RELATIONSHIP BETWEEN TRUST AND THIS TAXPAYER PER SCHEDULE R.
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0ON NOVEMBER 4, 2020 THE BOARD OF DIRECTORS OF MINNESOTA VALLEY LANDS, INC. (LANDS) AUTHORIZED THE TRANSFER OF ALL REAL PROPERTY TO A NEWLY FORMED DISREGARDED, SINGLE MEMBER LIMITED LIABILITY COMPANY MINNESOTA VALLEY LANDS LLC (LLC), WHICH WILL BE CONSOLIDATED WITH MINNESOTA VALLEY NATIONAL WILDLIFE REFUGE TRUST, INC., (TRUST) - TAXPAYER IDENTIFICATION NUMBER 41- 1982575. THE LLC'S SOLE MEMBER IS THE TRUST - SEE RELATIONSHIP BETWEEN LANDS AND TRUST PER SCHEDULE R. THE OPERATING AGREEMENT OF MINNESOTA VALLEY LANDS LLC (LLC) PROVIDES FOR ITS MANAGEMENT BY TWO MANAGERS: THE PRESIDENT AND THE EXECUTIVE DIRECTOR. DEBORAH LOON HAS BEEN EXECUTIVE DIRECTOR OF TRUST AND OF LANDS. SHE WILL CONTINUE AS EXECUTIVE DIRECTOR OF TRUST, WHICH IS THE SOLE MEMBER OF THE LLC. CYNTHIA OSMUNDSON, IS THE CURRENT DIRECTOR AND PRESIDENT OF TRUST AND AS SUCH WILL CONTINUE AS A MANAGER OF THE LLC.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt143 PLOTS OF REAL PROPERTY AND IMPROVEMENTS WERE TRANSFERRED BY LANDS TO THE LLC DECEMBER 21, 2020 WITH A VALUE OF 16,462,509. THE BALANCE OF THE LANDS CHECKING ACCOUNT OF 6,305 WAS TRANSFERED TO TRUST BY DECEMBER 31, 2020. THERE WERE NO REMAINING ASSETS OR LIABILITIES OF THE TAXPAYER AS OF DECEMBER 31, 2020. THE BOARD OF DIRECTORS OF LANDS AUTHORIZED THE WINDING UP AND DISSOLUTION OF LANDS ON JANUARY 13, 2021. BECAUSE LANDS INITIATED AND WILL COMPLETE ITS FORMAL DISSOLUTION IN 2021, IT WILL FILE A FINAL TAX RETURN FOR THE YEAR ENDED DECEMBER 31, 2021.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINNESOTA VALLEY LANDS, INC. (LANDS) IS A SUBSIDIARY OF THE MINNESOTA VALLEYNATIONAL WILDLIFE REFUGE TRUST, INC (TRUST). AFTER ACQUISITION BY THE TRUST, ALL LANDS ARE DEEDED TO LANDS FOR RESTORATION OF WETLANDS, UPLANDS/GRASSLANDS/PRAIRIE AND FLOODPLAIN FOREST, AS WELL AS CONSTRUCTION OF PUBLIC USE FACILITIES. THE LANDS ARE DONATED TO THE USFWS AFTER RESTORATION IS COMPLETE FOR THE MINNESOTA VALLEY NATIONAL WILDLIFE REFUGE (MVNWR). DURING THE 2020 FISCAL YEAR, LANDS: RECEIVED FROM TRUST THE TRANSFER OF ONE PARCEL OF LAND THAT HAD BEEN ACQUIRED BY TRUST. THE PROPERTY IS 87 ACRES IN CARVER COUNTY FOR THE SAN FRANCISCO UNIT OF THE MVNWR. MANAGED HABITAT RESTORATION AND ENHANCEMENT WORK AT SEVERAL PROPERTIES ACQUIRED BY THE TRUST IN RECENT YEARS. LEASED TWO AGRICULTURAL FIELDS IN BLUE EARTH COUNTY WHILE PLANNING FOR HABITAT RESTORATION CONTINUED. LEASED THE BUILDINGS AND AGRICULTURAL FIELD TO THE SELLERS OF PROPERTY ACQUIRED BY TRUST IN 2020 IN CARVER COUNTY, THEN INITIATED DECONSTRUCTION AND DEMOLITION OF THE BUILDINGS WHEN THE TENANTS MOVED IN FALL 2020 AT THE END OF THE LEASE. IN DECEMBER 2020, LANDS TRANSFERRED TITLE TO ALL REAL ASSETS OWNED BY LANDS TO MINNESOTA VALLEY LANDS LLC, A NEWLY CREATED SINGLE-MEMBER MINNESOTA LIMITED LIABILITY COMPANY CREATED BY THE TRUST. THIS INCLUDED 43 PARCELS OF LAND AND ONE BRIDGE. LANDS ALSO TRANSFERRED THE BALANCE REMAINING IN ITS CHECKING ACCOUNT TO TRUST. THESE ACTIONS WERE TAKEN IN PREPARATION FOR THE DISSOLUTION OF LANDS IN 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WHICH HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOLLOWING REVIEW BY THE EXECUTIVE DIRECTOR. IT IS FILED AFTER APPROVAL BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS ANNUALLY FILE A STATEMENT COMMITTING TO DISCLOSURE OF ANY CONFLICTS OF INTEREST OR PERCEIVED CONFLICTS OF INTEREST THAT MAY ARISE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS ESTABLISHED AND APPROVED BY THE BOARD OF DIRECTORS OF THE MINNESOTA VALLEY NATIONAL WILDLIFE REFUGE TRUST, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION WILL PROVIDE COPIES BY MAIL OR EMAIL OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST.
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