Civic Intelligence

Wallin Education Partners

990 • Fiscal year 2017 • EIN 20-8505156

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 16, 2018

Organization Profilewww.wallinPARTNERS.org
5200 Willson RoadMinneapolis, MN 55424

(952) 345-1920

Siviq Scores

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

Liabilities / Assets

79th percentile

0.64x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

1.12x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

41st percentile

$150,001

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

91st percentile

36%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

79%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$10,196,671

Up $2,694,663 (+36%) from 2016

Net Assets

Up

$3,716,210

Up $1,457,821 (+65%) from 2016

Liabilities

Up

$6,480,461

Up $1,236,842 (+24%) from 2016

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin82nd percentile

Revenue

Up

$5,794,229

Up $2,560,083 (+79%) from 2016

Expenses

Up

$4,313,050

Up $1,064,215 (+33%) from 2016

Net Income

Up

$1,481,179

Up $1,495,868 (+10184%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$40M$30M$20M$10M$0Assets 2011: $7,912,763Liabilities 2011: $5,631,5632011Assets 2012: $7,253,817Liabilities 2012: $5,316,3422012Assets 2013: $7,006,537Liabilities 2013: $5,050,2372013Assets 2014: $7,117,670Liabilities 2014: $5,039,327Net Assets 2014: $2,078,3432014Assets 2015: $7,193,562Liabilities 2015: $4,933,011Net Assets 2015: $2,260,5512015Assets 2016: $7,502,008Liabilities 2016: $5,243,619Net Assets 2016: $2,258,3892016Assets 2017: $10,196,671Liabilities 2017: $6,480,461Net Assets 2017: $3,716,2102017Assets 2018: $15,317,800Liabilities 2018: $8,437,424Net Assets 2018: $6,880,3762018Assets 2019: $20,780,291Liabilities 2019: $11,083,747Net Assets 2019: $9,696,5442019Assets 2020: $20,834,343Liabilities 2020: $222,461Net Assets 2020: $20,611,8822020Assets 2021: $22,311,756Liabilities 2021: $297,167Net Assets 2021: $22,014,5892021Assets 2022: $25,848,040Liabilities 2022: $668,432Net Assets 2022: $25,179,6082022Assets 2023: $31,310,318Liabilities 2023: $622,900Net Assets 2023: $30,687,4182023Assets 2024: $35,674,711Liabilities 2024: $660,840Net Assets 2024: $35,013,8712024Assets 2025: $35,104,167Liabilities 2025: $666,135Net Assets 2025: $34,438,0322025

Highlighted filing

2017

Assets$10,196,671
Liabilities$6,480,461
Net Assets$3,716,210
Open 2017 Filing

Operations Trend

Revenue Growth91st percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,268,649Expenses 2011: $2,922,687Net Income 2011: $345,9622011Revenue 2012: $2,582,583Expenses 2012: $2,976,249Net Income 2012: -$393,6662012Revenue 2013: $2,722,173Expenses 2013: $2,687,900Net Income 2013: $34,2732013Revenue 2014: $3,120,352Expenses 2014: $3,001,707Net Income 2014: $118,6452014Revenue 2015: $3,081,737Expenses 2015: $2,883,702Net Income 2015: $198,0352015Revenue 2016: $3,234,146Expenses 2016: $3,248,835Net Income 2016: -$14,6892016Revenue 2017: $5,794,229Expenses 2017: $4,313,050Net Income 2017: $1,481,1792017Revenue 2018: $8,901,599Expenses 2018: $5,679,612Net Income 2018: $3,221,9872018Revenue 2019: $10,343,489Expenses 2019: $7,567,851Net Income 2019: $2,775,6382019Revenue 2020: $7,517,198Expenses 2020: $5,855,731Net Income 2020: $1,661,4672020Revenue 2021: $8,356,651Expenses 2021: $6,916,492Net Income 2021: $1,440,1592021Revenue 2022: $10,926,258Expenses 2022: $7,693,812Net Income 2022: $3,232,4462022Revenue 2023: $14,253,937Expenses 2023: $8,954,082Net Income 2023: $5,299,8552023Revenue 2024: $14,426,683Expenses 2024: $10,169,203Net Income 2024: $4,257,4802024Revenue 2025: $9,940,243Expenses 2025: $10,744,526Net Income 2025: -$804,2832025

Highlighted filing

2017

Revenue$5,794,229
Expenses$4,313,050
Net Income$1,481,179
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 16, 2018
Return Version
2016v3.0
Gross Receipts
$7,140,917
Mission and Program Overview

Mission

To ensure college and career success for high-potential students from low-income backgrounds, and through our efforts help build diverse, equitable, and vibrant communities. We do this through a comprehensive model of financial aid and holistic support, and collaboration with our business, education, community, and philanthropic partners.

The mission is to enable college and career success for high-potential Minnesota students with financial need through scholarships, comprehensive advising support and through data-informed collaboration with our educational, business, and philanthropic partners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,847,236$5,575,289▲ $2,728,053
Pledges and Grants Receivable$4,572,812$4,489,272▼ $83,540
Cash and Non-Interest-Bearing Accounts$60,502$91,751▲ $31,249
Prepaid Expenses and Deferred Charges$14,788$23,884▲ $9,096
Accounts Receivable$6,670$16,475▲ $9,805
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,502,008$10,196,671▲ $2,694,663
Other Assets Total-$0-
Liabilities
Grants Payable$5,191,310$6,410,698▲ $1,219,388
Accounts Payable and Accrued Expenses$52,309$69,763▲ $17,454
Total Liabilities$5,243,619$6,480,461▲ $1,236,842
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,216,951$3,185,062▲ $968,111
Unrestricted Net Assets$41,438$531,148▲ $489,710
Total Net Assets Fund Balance$2,258,389$3,716,210▲ $1,457,821
Total Liabilities and Net Assets / Fund Balance$7,502,008$10,196,671▲ $2,694,663
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan Basil-kingExecutive DirectorFT$145,327$4,674$150,001
Andrew AndersonDirector of FinancePT$51,658$7,214$58,872

Board Members and Trustees

NameTitle
Stephen R Lewis JrChair
Bradford W WallinVice-Chair
Brian RosenbergDirector
Dennis CarlsonDirector
Katie LawlerDirector
Kelly HenryDirector
Mark ChristensenDirector
Maxine H WallinDirector
Sandra VargasDirector
Susan HeegaardDirector
Taige ThorntonDirector
Verna PriceDirector
Joan CornwellSecretary
Tom HolmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,747,391
Program Service Revenue
$0
Investment Income
$46,838
Other Revenue
$0
All Other Contributions
$5,747,391
Change in Net Assets
$1,481,179

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$1,822,651Comparable SAL
Total Noncash Contributions6$1,822,651-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,794,229
Revenue Not Reported on Form 990
$-23,358
Total Revenue per Audited Statements
$5,770,871
Total Revenue per Form 990
$5,794,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,212,481
Salaries, Compensation, and Employee Benefits$843,201
Other Expenses$257,368
Total Fundraising Expense$176,488
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,212,481--$3,212,481
Other Salaries and Wages$411,798$72,717$57,531$542,046
Current Officers, Directors, Trustees, and Key Employees$95,606$50,323$62,944$208,873
Office Expenses$85,308$20,072$20,072$125,452
Payroll Taxes$43,392$10,210$10,210$63,812
Advertising$21,853$5,142$5,142$32,137
Fees for Services Other$21,209$10,890-$32,099
Other Employee Benefits$22,581$1,662$4,227$28,470
Insurance$6,830$1,607$1,607$10,044
Travel$3,898$917$917$5,732
Conferences and Meetings$2,937$691$691$4,319
Other Expenses$678$160$160$998
Total Functional Expenses$3,955,771$180,791$176,488$4,313,050

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,313,050
Total Expenses per Audited Statements$4,313,050
Total Expenses per Form 990$4,313,050
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of MN-Twin CitiesMinneapolis, MN--$1,114,000
Augsburg CollegeMinneapolis, MN--$256,000
Hamline UniversitySt Paul, MN--$240,000
St Olaf CollegeNorthfield, MN--$192,000
University of St ThomasSt Paul, MN--$160,200
St Catherine UniversitySt Paul, MN--$160,000
University of MN-DuluthDuluth, MN--$128,000
College of Saint BenedictSt Joseph, MN--$112,000
St Cloud State UniversitySt Cloud, MN--$96,000
St Johns UniversityCollegeville, MN--$80,500
MN State Univ - MankatoMankato, MN--$80,000
North Dakota State UniversityFargo, ND--$80,000
Gustavus Adolphus CollegeSt Peter, MN--$68,000
Carleton CollegeNorthfield, MN--$64,000
Macalester CollegeSt Paul, MN--$64,000
University of MN-RochesterRochester, MN--$64,000
University of WI-Eau ClaireEau Claire, WI--$64,000
College of St Scholastica -Duluth, MN--$48,000
University of WI-MadisonMadison, WI--$48,000
Bethel UniversitySt Paul, MN--$32,000
Drake UniversityDes Moines, IA--$32,000
Iowa State UniversityAmes, IA--$32,000
Saint Marys University of MNWinona, MN--$32,000
Winona State UniversityWinona, MN--$32,000
Gralmbing State UniversityGrambling, LA--$16,000
Howard UniversityWashington, DC--$16,000
Metropolitan State UniversitySaint Paul, MN--$16,000
University of JamestownJamestown, ND--$16,000
University of NorthwesternSt Paul, MN--$16,000
University of WI-River FallsRiver Falls, WI--$16,000
University of WI-StoutMenomonie, WI--$8,000
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Maxine Wallin and Bradford Wallin are mother and son.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board/Officers are required to disclose potential conflicts to the Board (for review) as part of the conflicts policy. Other than enforcing that policy, more proactive measures are not generally employed.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Comparable compensation packages were reviewed by the board for the new ED hire at the beginning of FY 2012. New ED compensation was based on previous ED's compensation. Review of Minn. Council on Non-profits pay statstics was done regarding other employee compensation in FY 2011. No such evaluation was done in FY2012-17 but % raises were given in FY2015-17 to base salaries established previously.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Upon request.”

Filing and Contact Details

Filer

Filer Name
Wallin Education Partners
EIN
20-8505156
Phone
9523451920
Address
5200 WILLSON ROAD, MINNEAPOLIS, MN 55424

Signing Officer

Name
Susan Basil-King
Title
Executive Director
Signed
2018-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
susan basil-king
Formed
2006
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
15
Volunteers
25

Preparer

Firm
Carpenter Evert & Associates
Address
7760 France Ave S 940, Bloomington, MN 55435
Preparer
Marc Colin
Phone
9528310085
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization has a tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and has adopted Accounting for Uncertainty in Income Taxes, ASC 740-10. The Organizations policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status. The Organization continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. It has been classified as an organization that is not a private foundation under the Internal Revenue Code and charitable contributions by donors are tax deductible. In compliance with its exempt status, the Organization annually files a Return of Organization Exempt From Income Tax (Form 990).”

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IRS990/Form990PartVIISectionAGrp/PersonNm9Taige Thornton
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF FINANCE
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01607
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IRS990/InsuranceGrp/TotalAmt010044
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IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The mission is to enable college and career success for high-potential Minnesota students with financial need through scholarships, comprehensive advising support and through data-informed collaboration with our educational, business, and philanthropic partners.
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022581
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028470
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSE
IRS990/OtherExpensesGrp/Desc1Donor Relations
IRS990/OtherExpensesGrp/Desc2Fundraising expense
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/FundraisingAmt11073
IRS990/OtherExpensesGrp/FundraisingAmt26587
IRS990/OtherExpensesGrp/FundraisingAmt3160
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11073
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2160
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IRS990/OtherExpensesGrp/ProgramServicesAmt14560
IRS990/OtherExpensesGrp/ProgramServicesAmt2678
IRS990/OtherExpensesGrp/TotalAmt033294
IRS990/OtherExpensesGrp/TotalAmt16706
IRS990/OtherExpensesGrp/TotalAmt26587
IRS990/OtherExpensesGrp/TotalAmt3998
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010210
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03055784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03086553
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02664390
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,196,671
Liabilities
$6,480,461
Net assets
$3,716,210
Revenue
$5,794,229
Expenses
$4,313,050
Net income
$1,481,179
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$35.1$0.67$34.4$9.94$10.7$0.80
2024Detailed filing. Detailed filing data is available for this year.$35.7$0.66$35.0$14.4$10.2$4.26
2023Detailed filing. Detailed filing data is available for this year.$31.3$0.62$30.7$14.3$8.95$5.30
2022Detailed filing. Detailed filing data is available for this year.$25.8$0.67$25.2$10.9$7.69$3.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$0.30$22.0$8.36$6.92$1.44
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$0.22$20.6$7.52$5.86$1.66
2019Detailed filing. Detailed filing data is available for this year.$20.8$11.1$9.70$10.3$7.57$2.78
2018Detailed filing. Detailed filing data is available for this year.$15.3$8.44$6.88$8.90$5.68$3.22
2017Detailed filing. Detailed filing data is available for this year.$10.2$6.48$3.72$5.79$4.31$1.48
2016Detailed filing. Detailed filing data is available for this year.$7.50$5.24$2.26$3.23$3.25$0.01
2015Detailed filing. Detailed filing data is available for this year.$7.19$4.93$2.26$3.08$2.88$0.20
2014Detailed filing. Detailed filing data is available for this year.$7.12$5.04$2.08$3.12$3.00$0.12
2013Summary only. Only limited summary data is available for this year.$7.01$5.05$2.72$2.69$0.03
2012Summary only. Only limited summary data is available for this year.$7.25$5.32$2.58$2.98$0.39
2011Summary only. Only limited summary data is available for this year.$7.91$5.63$3.27$2.92$0.35