Civic Intelligence

Edina Abc Foundation

990 • Fiscal year 2021 • EIN 23-7151499

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 15, 2021

Organization ProfileEDINAABC.ORG
6754 Valley View RoadEdina, MN 55439-1761

(612) 819-6991

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

64th percentile

20%

Higher net margin than 64% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

89th percentile

$36,000

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 25.3% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

49th percentile

4.8%

Faster asset growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

82%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$373,445

Up $17,110 (+4.8%) from 2020

Net Assets

Up

$369,972

Up $27,945 (+8.2%) from 2020

Liabilities

Down

$3,473

Down $10,835 (-76%) from 2020

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin64th percentile

Revenue

Up

$142,324

Up $64,336 (+82%) from 2020

Expenses

Down

$114,379

Down $4,242 (-3.6%) from 2020

Net Income

Up

$27,945

Up $68,578 (+169%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$600K$400K$200K$0Assets 2012: $269,269Liabilities 2012: $199,714Net Assets 2012: $69,5552012Assets 2013: $408,573Liabilities 2013: $183,818Net Assets 2013: $224,7552013Assets 2014: $243,390Liabilities 2014: $904Net Assets 2014: $242,4862014Assets 2015: $243,446Liabilities 2015: $2,287Net Assets 2015: $241,1592015Assets 2016: $289,394Liabilities 2016: $0Net Assets 2016: $289,3942016Assets 2017: $306,316Liabilities 2017: $5,286Net Assets 2017: $301,0302017Assets 2018: $370,992Liabilities 2018: $1,680Net Assets 2018: $369,3122018Assets 2019: $386,108Liabilities 2019: $3,448Net Assets 2019: $382,6602019Assets 2020: $356,335Liabilities 2020: $14,308Net Assets 2020: $342,0272020Assets 2021: $373,445Liabilities 2021: $3,473Net Assets 2021: $369,9722021Assets 2022: $346,420Liabilities 2022: $26,967Net Assets 2022: $319,4532022

Highlighted filing

2021

Assets$373,445
Liabilities$3,473
Net Assets$369,972
Open 2021 Filing

Operations Trend

Revenue Growth83rd percentile

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

$200K$100K$0-$100KExpenses 2012: $163,8942012Expenses 2013: $128,4442013Revenue 2014: $150,029Expenses 2014: $132,298Net Income 2014: $17,7312014Revenue 2015: $126,502Expenses 2015: $127,829Net Income 2015: -$1,3272015Revenue 2016: $170,025Expenses 2016: $121,790Net Income 2016: $48,2352016Revenue 2017: $131,393Expenses 2017: $119,165Net Income 2017: $12,2282017Revenue 2018: $182,354Expenses 2018: $114,072Net Income 2018: $68,2822018Revenue 2019: $144,962Expenses 2019: $131,614Net Income 2019: $13,3482019Revenue 2020: $77,988Expenses 2020: $118,621Net Income 2020: -$40,6332020Revenue 2021: $142,324Expenses 2021: $114,379Net Income 2021: $27,9452021Revenue 2022: $89,566Expenses 2022: $140,066Net Income 2022: -$50,5002022

Highlighted filing

2021

Revenue$142,324
Expenses$114,379
Net Income$27,945
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 15, 2021
Return Version
2020v4.1
Gross Receipts
$156,413
Mission and Program Overview

Mission

Providing strong educational opportunities to students of color. The abc goal is to increase the number of well-educated minority students and make it possible for deserving students to reach their full potential.

Abc is a national organization dedicated to providing strong educational opportunities to students of color. Their mission is to increase substanitally the number of well-educated young people of colar who are capable of assuming positions of responsiblity and leadership in american society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$159,217$188,611▲ $29,394
Land, Buildings, and Equipment, Net$190,972$178,929▼ $12,043
Prepaid Expenses and Deferred Charges$6,146$5,905▼ $241
Total Assets$356,335$373,445▲ $17,110
Liabilities
Other Liabilities$14,308$3,473▼ $10,835
Total Liabilities$14,308$3,473▼ $10,835
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$342,027$369,972▲ $27,945
Total Net Assets Fund Balance$342,027$369,972▲ $27,945
Total Liabilities and Net Assets / Fund Balance$356,335$373,445▲ $17,110

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$133,219$151,454$284,673
Land$40,000-$40,000
Other Land Buildings$1,151$26,516$27,667
Equipment$4,559$20,001$24,560
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Susana SilvaExecutive DirectorFT$36,000$36,000

Board Members and Trustees

NameTitle
Kelly StreitPast President
Brandon Mccray-reevesPresident
Lisa NelsonVice President
Amanda WilliamsBoard Member
Daniel HuntBoard Member
Erica AllenburgBoard Member
Franchis DonnellyBoard Member
Jeremiah Tom SteeleBoard Member
Melissa GrindellBoard Member
Morcine Scott-warrenBoard Member
Sarah KumagaiBoard Member
Theresa SladekBoard Member
Ann HarensCo-treasurer
Jacob Mccray-reevesCo-treasurer
Laura HortonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$120,095
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$22,229
All Other Contributions
$87,347
Change in Net Assets
$27,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$58,325
Other Expenses$46,054
Total Fundraising Expense$13,632
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$23,453$7,818$7,818$39,089
Other Salaries and Wages$9,000$3,000$3,000$15,000
Depreciation Depletion$12,043--$12,043
Grants to Domestic Orgs$10,000--$10,000
Insurance$8,423--$8,423
Payroll Taxes$2,542$847$847$4,236
All Other Expenses$3,043$226$639$3,908
Fees for Services Accounting-$3,733-$3,733
Other Expenses$3,329-$1,328$1,328
Office Expenses-$984-$984
Advertising$98--$98
Total Functional Expenses$84,139$16,608$13,632$114,379
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minneapolis FoundationMinneapolis, MN-MINNEAPOLIS FOUNDATION'S SCHOLARSHIP FUND$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$36,318
Fundraising Direct Expenses$14,089
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$56,883$36,318$14,089$22,229
Total Events$56,883$36,318$14,089$22,229
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$3,473
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Steve and sarah kumagai are husband and wife”

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

“Executive director and treasurer review preliminary return. Return is also sent to all board members prior to filing.”

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

“Each year the board members complete and sign a new conflict of interest form.”

Form 990, Part VI, Section B, Line 15A

“Annual review of compensation package with finance committee. Compensation is based upon the prior compensation packagages and size of program. Amount is then approved by the board.”

Form 990, Part VI, Section C, Line 19

“A copy of the compilation report is available upon request at the foundation's office.”

Filing and Contact Details

Filer

Filer Name
Edina Abc Foundation
EIN
23-7151499
Phone
6128196991
Address
6754 VALLEY VIEW ROAD, EDINA, MN 55439-1761

Signing Officer

Name
Susana Silva
Title
Executive Director
Phone
6128196991
Signed
2021-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susana Silva
Formed
1971
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
15
Employees
2
Volunteers
0

Preparer

Firm
Ellingson & Ellingson Ltd
Address
5101 VERNON AVE S, EDINA, MN 55436
Preparer
Jane E Ehresmann
Phone
9529290315
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Student services: program service expenses 1,089. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,089. Student allowances: program service expenses 815. Management and general expenses 0. Fundraising expenses 0. Total expenses 815. Dues & subscriptions: program service expenses 35. Management and general expenses 35. Fundraising expenses 639. Total expenses 709. Household supplies: program service expenses 691. Management and general expenses 0. Fundraising expenses 0. Total expenses 691. Student travel: program service expenses 213. Management and general expenses 0. Fundraising expenses 0. Total expenses 213. Vehicle expense: program service expenses 147. Management and general expenses 0. Fundraising expenses 0. Total expenses 147. Other expenses: program service expenses 0. Management and general expenses 135. Fundraising expenses 0. Total expenses 135. Bank charges: program service expenses 0. Management and general expenses 56. Fundraising expenses 0. Total expenses 56. Student activities: program service expenses 53. Management and general expenses 0. Fundraising expenses 0. Total expenses 53.”

Raw XML AppendixShowing 400 of 475 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ABC IS A NATIONAL ORGANIZATION DEDICATED TO PROVIDING STRONG EDUCATIONAL OPPORTUNITIES TO STUDENTS OF COLOR. THEIR MISSION IS TO INCREASE SUBSTANITALLY THE NUMBER OF WELL-EDUCATED YOUNG PEOPLE OF COLAR WHO ARE CAPABLE OF ASSUMING POSITIONS OF RESPONSIBLITY AND LEADERSHIP IN AMERICAN SOCIETY.
IRS990/AdvertisingGrp/ProgramServicesAmt098
IRS990/AdvertisingGrp/TotalAmt098
IRS990/AllOtherContributionsAmt087347
IRS990/AllOtherExpensesGrp/FundraisingAmt0639
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0226
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03043
IRS990/AllOtherExpensesGrp/TotalAmt03908
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SUSANA SILVA
IRS990/BooksInCareOfDetail/PhoneNum09529138970
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06754 VALLEY VIEW RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0EDINA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055439
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0159217
IRS990/CashNonInterestBearingGrp/EOYAmt0188611
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt07818
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt07818
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt023453
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt039089
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt020565
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0120095
IRS990/CYGrantsAndSimilarPaidAmt010000
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt046054
IRS990/CYOtherRevenueAmt022229
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt027945
IRS990/CYSalariesCompEmpBnftPaidAmt058325
IRS990/CYTotalExpensesAmt0114379
IRS990/CYTotalFundraisingExpenseAmt013632
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0142324
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt012043
IRS990/DepreciationDepletionGrp/TotalAmt012043
IRS990/Desc0OPERATE A HOME FOR ABC STUDENTS WHO ATTEND EDINA HIGH SCHOOL. SERVICES INCLUDE ALL ROOM, BOARD, TRANSPORTATION, AND OTHER MISCELLANEOUS EDUCATIONAL AND LIVING EXPENSES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt084139
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03733
IRS990/FeesForServicesAccountingGrp/TotalAmt03733
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0ANN HARENS
IRS990/Form990PartVIISectionAGrp/PersonNm1SARAH KUMAGAI
IRS990/Form990PartVIISectionAGrp/PersonNm2AMANDA WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm3MELISSA GRINDELL
IRS990/Form990PartVIISectionAGrp/PersonNm4KELLY STREIT
IRS990/Form990PartVIISectionAGrp/PersonNm5LISA NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm6BRANDON MCCRAY-REEVES
IRS990/Form990PartVIISectionAGrp/PersonNm7JEREMIAH TOM STEELE
IRS990/Form990PartVIISectionAGrp/PersonNm8MORCINE SCOTT-WARREN
IRS990/Form990PartVIISectionAGrp/PersonNm9DANIEL HUNT
IRS990/Form990PartVIISectionAGrp/PersonNm10LAURA HORTON
IRS990/Form990PartVIISectionAGrp/PersonNm11THERESA SLADEK
IRS990/Form990PartVIISectionAGrp/PersonNm12FRANCHIS DONNELLY
IRS990/Form990PartVIISectionAGrp/PersonNm13SUSANA SILVA
IRS990/Form990PartVIISectionAGrp/PersonNm14JACOB MCCRAY-REEVES
IRS990/Form990PartVIISectionAGrp/PersonNm15ERICA ALLENBURG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1336000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CO-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01971
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt020565
IRS990/FundraisingDirectExpensesAmt014089
IRS990/FundraisingGrossIncomeAmt036318
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt012183
IRS990/GrantAmt010000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt010000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt010000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0156413
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt08423
IRS990/InsuranceGrp/TotalAmt08423
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0197971
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0190972
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0178929
IRS990/LandBldgEquipCostOrOtherBssAmt0376900
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDING STRONG EDUCATIONAL OPPORTUNITIES TO STUDENTS OF COLOR. THE ABC GOAL IS TO INCREASE THE NUMBER OF WELL-EDUCATED MINORITY STUDENTS AND MAKE IT POSSIBLE FOR DESERVING STUDENTS TO REACH THEIR FULL POTENTIAL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0342027
IRS990/NetAssetsOrFundBalancesEOYAmt0369972
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt022229
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt022229
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0342027
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0369972
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0984
IRS990/OfficeExpensesGrp/TotalAmt0984
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1STUDENT GROCERIES
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3HOLIDAY LETTER
IRS990/OtherExpensesGrp/FundraisingAmt01328
IRS990/OtherExpensesGrp/ProgramServicesAmt08274
IRS990/OtherExpensesGrp/ProgramServicesAmt13934
IRS990/OtherExpensesGrp/ProgramServicesAmt23329
IRS990/OtherExpensesGrp/TotalAmt08274
IRS990/OtherExpensesGrp/TotalAmt13934
IRS990/OtherExpensesGrp/TotalAmt23329
IRS990/OtherExpensesGrp/TotalAmt31328
IRS990/OtherLiabilitiesGrp/BOYAmt014308
IRS990/OtherLiabilitiesGrp/EOYAmt03473
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09000
IRS990/OtherSalariesAndWagesGrp/TotalAmt015000
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0847
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0847
IRS990/PayrollTaxesGrp/ProgramServicesAmt02542
IRS990/PayrollTaxesGrp/TotalAmt04236
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06146
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05905
IRS990/PrincipalOfficerNm0SUSANA SILVA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt077988
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt062791
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-40633
IRS990/PYSalariesCompEmpBnftPaidAmt055830
IRS990/PYTotalExpensesAmt0118621
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt077988
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt027945
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING INCOME - 2016 AMOUNT: $ 126,305. 2017 AMOUNT: $ 119,917. 2018 AMOUNT: $ 120,597. 2020 AMOUNT: $ 56,883. PPP LOAN FORGIVEN - 2020 AMOUNT: $ 12,183.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt087347
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt077988
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt063669
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0101967
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt053626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0384597
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0120
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0120
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt069066
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0120597
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0119917
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0126305
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0435885
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.46870
IRS990ScheduleA/PublicSupportPY170Pct00.45420
IRS990ScheduleA/PublicSupportTotal170Amt0384597
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt087347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt077988
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt063669
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0101967
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt053626
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0384597
IRS990ScheduleA/TotalSupportAmt0820602
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/BuildingsGrp/BookValueAmt0133219
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0151454
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0284673
IRS990ScheduleD/EquipmentGrp/BookValueAmt04559
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020001
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024560
IRS990ScheduleD/LandGrp/BookValueAmt040000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt040000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01151
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026516
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03473
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0178929
IRS990ScheduleD/TotalLiabilityAmt03473
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt020565
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt020565
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014089
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt056883
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt056883
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt036318
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt036318
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt022229
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014089
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014089
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MINNEAPOLIS FOUNDATION'S SCHOLARSHIP FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MINNEAPOLIS FOUNDATION
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0800 IDS CENTER 80 S 8TH ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055402
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEVE AND SARAH KUMAGAI ARE HUSBAND AND WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE DIRECTOR AND TREASURER REVIEW PRELIMINARY RETURN. RETURN IS ALSO SENT TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR THE BOARD MEMBERS COMPLETE AND SIGN A NEW CONFLICT OF INTEREST FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL REVIEW OF COMPENSATION PACKAGE WITH FINANCE COMMITTEE. COMPENSATION IS BASED UPON THE PRIOR COMPENSATION PACKAGAGES AND SIZE OF PROGRAM. AMOUNT IS THEN APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE COMPILATION REPORT IS AVAILABLE UPON REQUEST AT THE FOUNDATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5STUDENT SERVICES: PROGRAM SERVICE EXPENSES 1,089. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,089. STUDENT ALLOWANCES: PROGRAM SERVICE EXPENSES 815. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 815. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 35. MANAGEMENT AND GENERAL EXPENSES 35. FUNDRAISING EXPENSES 639. TOTAL EXPENSES 709. HOUSEHOLD SUPPLIES: PROGRAM SERVICE EXPENSES 691. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 691. STUDENT TRAVEL: PROGRAM SERVICE EXPENSES 213. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 213. VEHICLE EXPENSE: PROGRAM SERVICE EXPENSES 147. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 147. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 135. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 135. BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 56. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56. STUDENT ACTIVITIES: PROGRAM SERVICE EXPENSES 53. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$373,445
Liabilities
$3,473
Net assets
$369,972
Revenue
$142,324
Expenses
$114,379
Net income
$27,945
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.46$0.27$3.19$0.90$1.40$0.51
2021Detailed filing. Detailed filing data is available for this year.$3.73$0.03$3.70$1.42$1.14$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$0.14$3.42$0.78$1.19$0.41
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.86$0.03$3.83$1.45$1.32$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.71$0.02$3.69$1.82$1.14$0.68
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.05$3.01$1.31$1.19$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.89$0.00$2.89$1.70$1.22$0.48
2015Detailed filing. Detailed filing data is available for this year.$2.43$0.02$2.41$1.27$1.28$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.43$0.01$2.42$1.50$1.32$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.09$1.84$2.25$1.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$2.00$0.70$1.64