Civic Intelligence

Wallin Education Partners

990 • Fiscal year 2018 • EIN 20-8505156

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 13, 2019

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

75th percentile

0.55x

Higher debt load relative to assets than 75% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.95x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

86th percentile

36%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

44th percentile

$158,441

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

94th percentile

50%

Faster asset growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

54%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$15,317,800

Up $5,121,129 (+50%) from 2017

Net Assets

Up

$6,880,376

Up $3,164,166 (+85%) from 2017

Liabilities

Up

$8,437,424

Up $1,956,963 (+30%) from 2017

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin86th percentile

Revenue

Up

$8,901,599

Up $3,107,370 (+54%) from 2017

Expenses

Up

$5,679,612

Up $1,366,562 (+32%) from 2017

Net Income

Up

$3,221,987

Up $1,740,808 (+118%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2018

Assets$15,317,800
Liabilities$8,437,424
Net Assets$6,880,376
Open 2018 Filing

Operations Trend

Revenue Growth89th 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

2018

Revenue$8,901,599
Expenses$5,679,612
Net Income$3,221,987
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 13, 2019
Return Version
2017v2.2
Gross Receipts
$14,980,786
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$5,575,289$8,321,594▲ $2,746,305
Pledges and Grants Receivable$4,489,272$6,884,087▲ $2,394,815
Cash and Non-Interest-Bearing Accounts$91,751$69,706▼ $22,045
Accounts Receivable$16,475$21,800▲ $5,325
Prepaid Expenses and Deferred Charges$23,884$20,613▼ $3,271
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$10,196,671$15,317,800▲ $5,121,129
Other Assets Total-$0-
Liabilities
Grants Payable$6,410,698$8,416,082▲ $2,005,384
Accounts Payable and Accrued Expenses$69,763$21,342▼ $48,421
Total Liabilities$6,480,461$8,437,424▲ $1,956,963
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,185,062$6,314,533▲ $3,129,471
Unrestricted Net Assets$531,148$565,843▲ $34,695
Total Net Assets Fund Balance$3,716,210$6,880,376▲ $3,164,166
Total Liabilities and Net Assets / Fund Balance$10,196,671$15,317,800▲ $5,121,129
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan Basil-kingExecutive DirectorFT$153,250$5,191$158,441

Board Members and Trustees

NameTitle
Stephen R Lewis JrChair
Bradford W WallinVice-Chair
Becky MalkersonDirector
Darren JacksonDirector
Dennis CarlsonDirector
Katie LawlerDirector
Kelly HenryDirector
Mark ChristensenDirector
Maxine H WallinDirector
Susan HeegaardDirector
Verna PriceDirector
Joan CornwellSecretary
Tom HolmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,808,233
Program Service Revenue
$0
Investment Income
$93,366
Other Revenue
$0
All Other Contributions
$8,738,339
Change in Net Assets
$3,221,987

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,901,599
Revenue Not Reported on Form 990
$-57,821
Total Revenue per Audited Statements
$8,843,778
Total Revenue per Form 990
$8,901,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,312,622
Salaries, Compensation, and Employee Benefits$1,055,078
Other Expenses$311,912
Total Fundraising Expense$226,131
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$4,312,622--$4,312,622
Other Salaries and Wages$548,615$131,790$85,815$766,220
Current Officers, Directors, Trustees, and Key Employees$79,221$15,844$63,376$158,441
Office Expenses$85,825$20,194$20,194$126,213
Payroll Taxes$59,013$13,885$13,885$86,783
Advertising$31,002$7,294$7,294$45,590
Other Employee Benefits$30,605$7,293$5,736$43,634
Fees for Services Other$11,198$14,030-$25,228
Conferences and Meetings$10,686$2,514$2,514$15,714
Travel$10,366$2,439$2,439$15,244
Insurance$7,156$1,684$1,684$10,524
Other Expenses$4,358$1,026$1,026$6,410
Total Functional Expenses$5,226,951$226,530$226,131$5,679,612

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,679,612
Total Expenses per Audited Statements$5,679,612
Total Expenses per Form 990$5,679,612
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$36,922
Fundraising Gross Income$36,922
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$106,816$36,922$5,879$31,043
Total Events$106,816$36,922$36,922-
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

“A draft form 990 is provided to the board for review prior to filing.”

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. Review of Minnesota Nonprofit Salary and Benefits Survey is performed regularly for determining compensation of management and staff.”

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
2019-03-13
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
17
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/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR
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IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/TotalAmt36410
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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,317,800
Liabilities
$8,437,424
Net assets
$6,880,376
Revenue
$8,901,599
Expenses
$5,679,612
Net income
$3,221,987
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