Civic Intelligence

Minnesota State Colleges & Universities Foundation

990 • Fiscal year 2012 • EIN 23-7003904

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 23, 2013

PO Box 933455109-0334
Siviq Scores

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

Liabilities / Assets

46th percentile

0.09x

Higher debt load relative to assets than 46% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

24th percentile

-4.3%

Faster asset growth than 24% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$2,123,581

Down $94,934 (-4.3%) from 2011

Net Assets

Down

$1,923,312

Down $163,628 (-7.8%) from 2011

Liabilities

Up

$200,269

Up $68,694 (+52%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,088,394

Up $215,076 (+25%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $789,820Liabilities 2010: $114,410Net Assets 2010: $675,4102010Assets 2011: $2,218,515Liabilities 2011: $131,575Net Assets 2011: $2,086,9402011Assets 2012: $2,123,581Liabilities 2012: $200,269Net Assets 2012: $1,923,3122012Assets 2013: $849,291Liabilities 2013: $183,790Net Assets 2013: $665,5012013Assets 2014: $798,862Liabilities 2014: $191,544Net Assets 2014: $607,3182014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2012

Assets$2,123,581
Liabilities$200,269
Net Assets$1,923,312

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $326,1572010Expenses 2011: $873,3182011Expenses 2012: $1,088,3942012Expenses 2013: $2,128,5402013Revenue 2014: $939,597Expenses 2014: $1,043,773Net Income 2014: -$104,1762014Revenue 2015: $21,844Expenses 2015: $625,069Net Income 2015: -$603,2252015

Highlighted filing

2012

Revenue-
Expenses$1,088,394
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 23, 2013
Return Version
2011v1.5
Gross Receipts
$941,827
Mission and Program Overview

Mission

See schedule o.the minnesota state colleges and universities foundation serves as an integral partner with institutional foundations to advocate for the system and raise and distribute funds to meet the needs of the minnesota state colleges and universities system. Its goals are to collect and share information on best practices for raising funds and managing a foundation; raise funds in mutually beneficial partnerships with institutional foundations; provide advocacy for the minnesota state colleges and universities system; provide discretionary funds for the office of chancellor and the board of trustees; serve as steward of donor funds in the foundation; and support the board of trustees in its pursuit of new alternative funding and resources.

Major Activities

Activity 2
Higher education anti-racism team - the foundation has received support to provide funding to campuses so they may strengthen policies and practices that respect and include all racial, ethnic and social groups.
Activity 3
Underrepresented student retention initiative - designed to improve the recruitment and retention of students traditionally underrepresented in higher education, including first-generation college students, students of color, and low-income students.
Filing and Contact Details

Filer

EIN
23-7003904
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1THE FOUNDATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE RETURNS FOR A PERIOD OF THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2CHANGE IN VALUE OF BENEFICIAL INTEREST -1,445.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3INVESTMENT FEES -2,254. CHANGE IN VALUE OF BENEFICIAL INTEREST -1,445.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation4INVESTMENT FEES -2,254.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier2PART XI, LINE 8 - OTHER ADJUSTMENTS:
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IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01088192
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0924564
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant0837228
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients033
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0SCHOLARSHIPS AWARDED
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: GRANT PROPOSALS ARE WRITTEN PRIOR TO RECEIVING THE GRANT INFORMING THE GRANTOR HOW THE GRANT FUNDS WILL BE USED IF RECEIVED. ONCE RECEIVED, A MANAGER IS ASSIGNED WHO TRACKS THE USE OF THE GRANT FUNDS.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1030 7TH STREET EAST SUITE 350
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1130 7TH STREET EAST SUITE 350
IRS990ScheduleI/RecipientTable/AddressUS/City0SAINT PAUL
IRS990ScheduleI/RecipientTable/AddressUS/City1SAINT PAUL
IRS990ScheduleI/RecipientTable/AddressUS/State0MN
IRS990ScheduleI/RecipientTable/AddressUS/State1MN
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode055101
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode155101
IRS990ScheduleI/RecipientTable/AmountOfCashGrant065911
IRS990ScheduleI/RecipientTable/AmountOfCashGrant1143377
IRS990ScheduleI/RecipientTable/EINOfRecipient0411687554
IRS990ScheduleI/RecipientTable/EINOfRecipient1411687554
IRS990ScheduleI/RecipientTable/PurposeOfGrant0HIGHER EDUCATION ANTI-RACISM TEAM
IRS990ScheduleI/RecipientTable/PurposeOfGrant1UNDERREPRESENTED STUDENT RETENTION INITIATIVE
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10MINNESOTA STATE COLLEGES AND UNIVERSITIES
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine11MINNESOTA STATE COLLEGES AND UNIVERSITIES
IRS990ScheduleI/RecordsMaintained01
IRS990ScheduleI/TotalNbrOf501C3AndGovtGrants01
IRS990ScheduleI/TotalNbrOfOtherOrganizations00
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0WHEN DOCUMENTS SUCH AS THE IRS 990 IS PREPARED, A DRAFT COPY IS ELECTRONICALLY MAILED TO EACH BOARD MEMBER WITH AN EMAIL ADDRESS AND IF THEY DON'T HAVE ONE, A COPY WILL BE MAILED THROUGH THE US MAIL.
IRS990ScheduleO/GeneralExplanation/Explanation1MEMBERS ARE ASKED TO ANNUALLY COMPLETE A CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/GeneralExplanation/Explanation2IF THE FOUNDATION RECEIVES AN INQUIRY FOR ITS GOVERNMENT DOCUMENTS, ETC., THEY ARE SHARED WITH THE INQUIRER.
IRS990ScheduleO/GeneralExplanation/Explanation3CHANGE IN VALUE OF BENEFICIAL INTEREST -1,445. TOTAL TO FORM 990, PART XI, LINE 5: -1,445.
IRS990ScheduleO/GeneralExplanation/Explanation4THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XII, LINE 2C:
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1030 EAST 7TH STREET SUITE 350
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0SAINT PAUL
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0MN
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode055101

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