Civic Intelligence

Place (Projects Linking Art Community & Environment)

990 • Fiscal year 2020 • EIN 20-4361698

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileWWW.WELCOMETOPLACE.ORG
729 N Washington Ave No 600Minneapolis, MN 55401

(651) 309-3889

Siviq Scores

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

Liabilities / Assets

77th percentile

0.59x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

5.71x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

89th percentile

44%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

25th percentile

$107,471

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

57th percentile

9.3%

Faster asset growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

26%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$10,578,533

Up $904,504 (+9.3%) from 2019

Net Assets

Up

$4,304,113

Up $487,301 (+13%) from 2019

Liabilities

Up

$6,274,420

Up $417,203 (+7.1%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin89th percentile

Revenue

Up

$1,098,565

Up $227,690 (+26%) from 2019

Expenses

Down

$611,264

Down $1,786,863 (-75%) from 2019

Net Income

Up

$487,301

Up $2,014,553 (+132%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$100M$50M$0Assets 2010: $2,326,464Liabilities 2010: $1,700,699Net Assets 2010: $625,7652010Assets 2011: $3,923,170Liabilities 2011: $2,214,214Net Assets 2011: $1,708,9562011Assets 2012: $4,015,700Liabilities 2012: $2,345,922Net Assets 2012: $1,669,7782012Assets 2013: $4,304,981Liabilities 2013: $2,518,910Net Assets 2013: $1,786,0712013Assets 2014: $4,613,032Liabilities 2014: $2,732,570Net Assets 2014: $1,880,4622014Assets 2015: $5,380,998Liabilities 2015: $2,834,010Net Assets 2015: $2,546,9882015Assets 2016: $5,755,164Liabilities 2016: $2,940,380Net Assets 2016: $2,814,7842016Assets 2017: $6,314,769Liabilities 2017: $3,167,463Net Assets 2017: $3,147,3062017Assets 2018: $9,327,855Liabilities 2018: $3,983,791Net Assets 2018: $5,344,0642018Assets 2019: $9,674,029Liabilities 2019: $5,857,217Net Assets 2019: $3,816,8122019Assets 2020: $10,578,533Liabilities 2020: $6,274,420Net Assets 2020: $4,304,1132020Assets 2021: $11,978,252Liabilities 2021: $7,309,395Net Assets 2021: $4,668,8572021Assets 2022: $88,063,174Liabilities 2022: $83,498,733Net Assets 2022: $4,564,4412022Assets 2023: $14,803,036Liabilities 2023: $11,972,865Net Assets 2023: $2,830,1712023Assets 2024: $13,659,596Liabilities 2024: $11,078,844Net Assets 2024: $2,580,7522024

Highlighted filing

2020

Assets$10,578,533
Liabilities$6,274,420
Net Assets$4,304,113
Open 2020 Filing

Operations Trend

Revenue Growth81st percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $254,4732010Expenses 2011: $384,1222011Revenue 2012: $252,649Expenses 2012: $291,827Net Income 2012: -$39,1782012Revenue 2013: $414,032Expenses 2013: $297,739Net Income 2013: $116,2932013Revenue 2014: $349,345Expenses 2014: $254,954Net Income 2014: $94,3912014Revenue 2015: $1,004,190Expenses 2015: $248,560Net Income 2015: $755,6302015Revenue 2016: $737,069Expenses 2016: $469,273Net Income 2016: $267,7962016Revenue 2017: $963,152Expenses 2017: $630,630Net Income 2017: $332,5222017Revenue 2018: $2,768,320Expenses 2018: $571,562Net Income 2018: $2,196,7582018Revenue 2019: $870,875Expenses 2019: $2,398,127Net Income 2019: -$1,527,2522019Revenue 2020: $1,098,565Expenses 2020: $611,264Net Income 2020: $487,3012020Revenue 2021: $801,378Expenses 2021: $436,634Net Income 2021: $364,7442021Revenue 2022: $896,204Expenses 2022: $415,664Net Income 2022: $480,5402022Revenue 2023: $2,936,446Expenses 2023: $7,553,724Net Income 2023: -$4,617,2782023Revenue 2024: $1,456,318Expenses 2024: $1,705,737Net Income 2024: -$249,4192024

Highlighted filing

2020

Revenue$1,098,565
Expenses$611,264
Net Income$487,301
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$1,098,565
Mission and Program Overview

Mission

Place is a national nonprofit organization that helps communities create state-of-the-art buildings and more, entire neighborhoods that bring together the arts, environmentalism and social justice.

To build a sustainable, just, and inspiring world, one community at a time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$6,859,831$7,395,020▲ $535,189
Loans From Officers Directors$1,851,945$2,096,445▲ $244,500
Accounts Receivable$1,446,340$1,508,255▲ $61,915
Other Notes and Loans Receivable, Net$1,163,576$1,163,576→ $0
Pledges and Grants Receivable$133,397$500,000▲ $366,603
Cash and Non-Interest-Bearing Accounts$67,067$10,438▼ $56,629
Land, Buildings, and Equipment, Net$3,818$1,244▼ $2,574
Total Assets$9,674,029$10,578,533▲ $904,504
Liabilities
Accounts Payable and Accrued Expenses$2,340,150$2,401,820▲ $61,670
Mortgage Notes Payable Secured by Investment Property$1,530,000$1,641,147▲ $111,147
Unsecured Notes Loans Payable$134,193$134,193→ $0
Other Liabilities$929$815▼ $114
Total Liabilities$5,857,217$6,274,420▲ $417,203
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,816,812$4,304,113▲ $487,301
Total Net Assets Fund Balance$3,816,812$4,304,113▲ $487,301
Total Liabilities and Net Assets / Fund Balance$9,674,029$10,578,533▲ $904,504

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,244$25,484$26,728
Investment Program Related Org$2,520,845--
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris VelascoPresident/executive DirectFT$16,462$91,009$107,471
Elizabeth BowlingDirectorFT$16,346$42,664$59,010

Board Members and Trustees

NameTitle
Garth RockcastleCo-vice President
Kerri StahleckerCo-vice President
Charles L Raison MdDirector
Jessica TurtleDirector
Jonathan PearlsteinDirector
Stacy GlovkaDirector
Sara KrujensternaDirector Emeritus
Emily MonarezCo-secretary
Romulo E SamaniegoCo-secretary
Brent WebbTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$708,957
Program Service Revenue
$389,104
Investment Income
$0
Other Revenue
$504
All Other Contributions
$46,576
Change in Net Assets
$487,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$358,610
Other Expenses$252,654
Total Fundraising Expense$11,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$153,280$19,381$3,523$176,184
Current Officers, Directors, Trustees, and Key Employees$144,795$18,307$3,329$166,431
Interest$70,406$8,902$1,619$80,927
Fees for Services Accounting-$45,960-$45,960
Fees for Services Other$38,405$4,856$883$44,144
Occupancy$26,455$3,345$608$30,408
Office Expenses$21,919$2,771$504$25,194
Payroll Taxes$13,871$1,754$319$15,944
Travel$2,696$341$62$3,099
Insurance$2,634$333$61$3,028
Other Expenses$2,276$288$52$2,616
Depreciation Depletion$2,240$283$51$2,574
Advertising$1,103$139$25$1,267
Other Employee Benefits$44$6$1$51
Total Functional Expenses$484,399$115,729$11,136$611,264
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,851,945$2,096,445▲ $244,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fiscal Agent Funds$815
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Part VI, Section A, Line 2

“Chris velasco (president) and elizabeth bowling (founding board member) have a family relationship.”

Form 990, Part VI, Section B, Line 11B

“Form 990 will be reviewed in detail by the president and treasurer, and will be circulated to the entire board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon written request.”

Form 990, Part VI, Section B, Line 15

“The process for executive compensation review has not occurred in five years due to the financial position of the organization. In the past, the president/executive director makes a request and presents data, he and elizabeth bowling recuse themselves from board discussions, the board reviews the data and conducts a performance review discussion and independent investigation of compensation, minutes are preserved and the board then votes.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon written request.”

Filing and Contact Details

Filer

Filer Name
Place (projects Linking Art Community &
EIN
20-4361698
Phone
6513093889
Address
729 N WASHINGTON AVE NO 600, MINNEAPOLIS, MN 55401

Signing Officer

Name
Chris Velasco
Title
Executive Director
Phone
6513093889
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Velasco
Formed
2006
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
10
Employees
5
Volunteers
2

Preparer

Firm
Mahoneyulbrichchristiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Rozalyn Z Allyson
Phone
6512276695
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Place is a minnesota nonprofit corporation and is exempt from income taxes under section 501(c)(3) of the internal revenue code and applicable minnesota statutes, except to the extent it has taxable income from activities that are not related to its exempt purpose. Management believes the organization did not have any unrelated business income. Management continually evaluates tax positions reflected in its tax filings and does not believe it has taken any uncertain tax positions. The partnership and slp company are not taxable entities.”

Raw XML AppendixShowing 400 of 605 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.

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IRS990/Desc0PLACE WORKS WITH LOCAL GOVERNMENTS, FOUNDATIONS, AND COMMUNITY MEMBERS TO CREATE SUSTAINABLE, AFFORDABLE, MIXED-USE, MIXED-INCOME NEIGHBORHOODS FOR ARTISTS, UNDER-SERVED POPULATIONS FACING VARIOUS LIFE CHALLENGES, NONPROFIT ORGANIZATIONS, AND CREATIVE BUSINESSES. WITH PLACE'S GUIDANCE, THESE NEIGHBORHOODS WILL BE CREATED WITH VIGOROUS PUBLIC DIALOG, BUILT TO THE HIGHEST ENVIRONMENTAL STANDARDS, AND FILLED WITH PEOPLE FROM ALL BACKGROUNDS AND ECONOMIC CIRCUMSTANCES. THE PLACE TEAM ASSISTS ITS COMMUNITIES WITH EVERY ASPECT OF THE PROJECT FROM VISIONING TO PLANNING, FROM DESIGN TO FUNDING, FROM CONSTRUCTION TO SERVICE COORDINATION AND PROJECT MAINTENANCE.
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt01244
IRS990/LandBldgEquipCostOrOtherBssAmt026728
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt01851945
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt02096445
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PLACE IS A NATIONAL NONPROFIT ORGANIZATION THAT HELPS COMMUNITIES CREATE STATE-OF-THE-ART BUILDINGS AND MORE, ENTIRE NEIGHBORHOODS THAT BRING TOGETHER THE ARTS, ENVIRONMENTALISM AND SOCIAL JUSTICE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01530000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01641147
IRS990/NetAssetsOrFundBalancesBOYAmt03816812
IRS990/NetAssetsOrFundBalancesEOYAmt04304113
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03816812
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04304113
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0608
IRS990/OccupancyGrp/ManagementAndGeneralAmt03345
IRS990/OccupancyGrp/ProgramServicesAmt026455
IRS990/OccupancyGrp/TotalAmt030408
IRS990/OfficeExpensesGrp/FundraisingAmt0504
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02771
IRS990/OfficeExpensesGrp/ProgramServicesAmt021919
IRS990/OfficeExpensesGrp/TotalAmt025194
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt044
IRS990/OtherEmployeeBenefitsGrp/TotalAmt051
IRS990/OtherExpensesGrp/Desc0BAD DEBTS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2LICENSE AND FEES
IRS990/OtherExpensesGrp/FundraisingAmt099
IRS990/OtherExpensesGrp/FundraisingAmt152
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08523
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1540
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2288
IRS990/OtherExpensesGrp/ProgramServicesAmt04275
IRS990/OtherExpensesGrp/ProgramServicesAmt12276
IRS990/OtherExpensesGrp/TotalAmt08523
IRS990/OtherExpensesGrp/TotalAmt14914
IRS990/OtherExpensesGrp/TotalAmt22616
IRS990/OtherLiabilitiesGrp/BOYAmt0929
IRS990/OtherLiabilitiesGrp/EOYAmt0815
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0504
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0504
IRS990/OtherRevenueTotalAmt0504
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03523
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt019381
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0153280
IRS990/OtherSalariesAndWagesGrp/TotalAmt0176184
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01163576
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01163576
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0319
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01754
IRS990/PayrollTaxesGrp/ProgramServicesAmt013871
IRS990/PayrollTaxesGrp/TotalAmt015944
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0133397
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0500000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHRIS VELASCO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1TECHNICAL ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc2PARTNERSHIP FEE
IRS990/ProgramServiceRevenueGrp/Desc3LOSS IN SLP INVESTMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0325152
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt148682
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217810
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3-2540
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0325152
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt148682
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-2540
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0169249
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05000
IRS990/PYOtherExpensesAmt02003117
IRS990/PYOtherRevenueAmt01735
IRS990/PYProgramServiceRevenueAmt0694891
IRS990/PYRevenuesLessExpensesAmt0-1527252
IRS990/PYSalariesCompEmpBnftPaidAmt0395010
IRS990/PYTotalExpensesAmt02398127
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0870875
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0487301
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0389608
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0708957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0169249
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02030648
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0109493
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt088935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03107282
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010000
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03322939
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99220
IRS990ScheduleA/PublicSupportPY170Pct00.99800
IRS990ScheduleA/PublicSupportTotal170Amt03092928
IRS990ScheduleA/SubstantialContributorsTotAmt014354
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0708957
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0169249
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02030648
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0109493
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt088935
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03107282
IRS990ScheduleA/TotalSupportAmt03117282
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01244
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025484
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026728
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt04874175
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12520845
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NOTES RECEIVABLE & ACCRUED INTEREST - WAV APT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENTS IN LLCS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0815
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FISCAL AGENT FUNDS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PLACE IS A MINNESOTA NONPROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE MINNESOTA STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME. MANAGEMENT CONTINUALLY EVALUATES TAX POSITIONS REFLECTED IN ITS TAX FILINGS AND DOES NOT BELIEVE IT HAS TAKEN ANY UNCERTAIN TAX POSITIONS. THE PARTNERSHIP AND SLP COMPANY ARE NOT TAXABLE ENTITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01244
IRS990ScheduleD/TotalBookValueProgramRltdAmt07395020
IRS990ScheduleD/TotalLiabilityAmt0815
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0861012
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt11235433
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0VELASCO TRUST
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt066119
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt11115433
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ELIZABETH BOWLING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR ON THE BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1A DIRECTOR IS A DISCRETIONARY INCOME BENEFICIARY OF THE TRUST
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd10
IRS990ScheduleL/TotalBalanceDueAmt02096445
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHRIS VELASCO (PRESIDENT) AND ELIZABETH BOWLING (FOUNDING BOARD MEMBER) HAVE A FAMILY RELATIONSHIP.

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,578,533
Liabilities
$6,274,420
Net assets
$4,304,113
Revenue
$1,098,565
Expenses
$611,264
Net income
$487,301
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.7$11.1$2.58$1.46$1.71$0.25
2023Summary only. Only limited summary data is available for this year.$14.8$12.0$2.83$2.94$7.55$4.62
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.1$83.5$4.56$0.90$0.42$0.48
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$7.31$4.67$0.80$0.44$0.36
2020Detailed filing. Detailed filing data is available for this year.$10.6$6.27$4.30$1.10$0.61$0.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.67$5.86$3.82$0.87$2.40$1.53
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.33$3.98$5.34$2.77$0.57$2.20
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.31$3.17$3.15$0.96$0.63$0.33
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.76$2.94$2.81$0.74$0.47$0.27
2015Detailed filing. Detailed filing data is available for this year.$5.38$2.83$2.55$1.00$0.25$0.76
2014Detailed filing. Detailed filing data is available for this year.$4.61$2.73$1.88$0.35$0.25$0.09
2013Detailed filing. Detailed filing data is available for this year.$4.30$2.52$1.79$0.41$0.30$0.12
2012Summary only. Only limited summary data is available for this year.$4.02$2.35$1.67$0.25$0.29$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$2.21$1.71$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$1.70$0.63$0.25