Civic Intelligence

Century College Foundation

990 • Fiscal year 2024 • EIN 23-7401534

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 14, 2025

3300 Century Avenue NorthWhite Bear Lake, MN 55110

(651) 779-3338

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.02x

Higher debt load relative to revenue than 16% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$154,823

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

77th percentile

18%

Faster asset growth than 77% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

57%

Faster revenue growth than 85% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,267,287

Up $751,038 (+12%) from 2022

Net Assets

Up

$7,236,854

Up $736,961 (+11%) from 2022

Liabilities

Up

$30,433

Up $14,077 (+86%) from 2022

Revenue

Down

$1,983,774

Down $278,438 (-12%) from 2022

Expenses

Up

$1,214,077

Up $277,735 (+30%) from 2022

Net Income

Down

$769,697

Down $556,173 (-42%) from 2022

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $1,904,959Liabilities 2011: $97,634Net Assets 2011: $1,807,3252011Assets 2012: $1,872,866Liabilities 2012: $91,689Net Assets 2012: $1,781,1772012Assets 2014: $2,424,948Liabilities 2014: $461Net Assets 2014: $2,424,4872014Assets 2016: $3,401,345Liabilities 2016: $2,928Net Assets 2016: $3,398,4172016Assets 2017: $3,846,180Liabilities 2017: $31,644Net Assets 2017: $3,814,5362017Assets 2018: $4,401,810Liabilities 2018: $13,942Net Assets 2018: $4,387,8682018Assets 2019: $4,750,379Liabilities 2019: $36,354Net Assets 2019: $4,714,0252019Assets 2021: $6,044,237Liabilities 2021: $19,258Net Assets 2021: $6,024,9792021Assets 2022: $6,516,249Liabilities 2022: $16,356Net Assets 2022: $6,499,8932022Assets 2024: $7,267,287Liabilities 2024: $30,433Net Assets 2024: $7,236,8542024Assets 2025: $8,254,857Liabilities 2025: $31,621Net Assets 2025: $8,223,2362025

Highlighted filing

2024

Assets$7,267,287
Liabilities$30,433
Net Assets$7,236,854

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2011: $592,6392011Expenses 2012: $501,5872012Revenue 2014: $942,685Expenses 2014: $753,711Net Income 2014: $188,9742014Revenue 2016: $2,526,950Expenses 2016: $2,119,425Net Income 2016: $407,5252016Revenue 2017: $822,276Expenses 2017: $761,295Net Income 2017: $60,9812017Revenue 2018: $2,198,527Expenses 2018: $1,442,630Net Income 2018: $755,8972018Revenue 2019: $1,688,652Expenses 2019: $1,619,838Net Income 2019: $68,8142019Revenue 2021: $1,032,595Expenses 2021: $610,221Net Income 2021: $422,3742021Revenue 2022: $2,262,212Expenses 2022: $936,342Net Income 2022: $1,325,8702022Revenue 2024: $1,983,774Expenses 2024: $1,214,077Net Income 2024: $769,6972024Revenue 2025: $2,001,696Expenses 2025: $1,515,024Net Income 2025: $486,6722025

Highlighted filing

2024

Revenue$1,983,774
Expenses$1,214,077
Net Income$769,697
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 14, 2025
Return Version
2023v6.0
Gross Receipts
$3,307,538
Mission and Program Overview

Mission

To help transform and enhance the lives of our diverse student population by providing educational opportunities, financial support, and advocacy one student at a time.

Century college foundation supports century college to inspire, prepare and empower students tosucceed in a changing world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,672,216$6,774,210▲ $1,101,994
Savings and Temporary Cash Investments$205,218$230,080▲ $24,862
Cash and Non-Interest-Bearing Accounts$232,690$177,843▼ $54,847
Pledges and Grants Receivable$45,200$58,000▲ $12,800
Prepaid Expenses and Deferred Charges$2,316$11,146▲ $8,830
Accounts Receivable-$5,483-
Total Assets$6,171,976$7,267,287▲ $1,095,311
Other Assets Total$14,336$10,525▼ $3,811
Liabilities
Accounts Payable and Accrued Expenses$22,536$30,433▲ $7,897
Total Liabilities$22,536$30,433▲ $7,897
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,096,342$6,009,895▲ $913,553
Net Assets Without Donor Restrictions$1,053,098$1,226,959▲ $173,861
Total Net Assets Fund Balance$6,149,440$7,236,854▲ $1,087,414
Total Liabilities and Net Assets / Fund Balance$6,171,976$7,267,287▲ $1,095,311

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$4,685,225$109,450▲ $415,374$109,656$5,100,393
2022$4,303,703$117,059▲ $388,735$124,272$4,685,225
2021$4,925,699$161,634▼ $657,641$125,989$4,303,703
2020$4,066,916$173,033▲ $880,193$194,433$4,925,699
2019$4,044,887$176,840▼ $103,065$51,746$4,066,916
Compensation and Service Providers

Board Members and Trustees

NameTitle
Russell FlemingPresident
Greg MuellerVice President
Carrie CunningtonBoard Member
Danielle GathjeBoard Member
David BergBoard Member
David WortmanBoard Member
Hannah JohnsonBoard Member
John ChannonBoard Member
Julie BartonBoard Member
Kevin KellyBoard Member
Kim BowmanBoard Member
Lisa KloppBoard Member
Melissa Martyr-wagnerBoard Member
Sammi SwansonBoard Member
Steve SchadBoard Member
Tammey BuschBoard Member
Nora SlawikExecutive Director
Liz MoscatelliSecretary
Sarah JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,736,579
Program Service Revenue
$0
Investment Income
$247,195
Other Revenue
$0
All Other Contributions
$1,736,579
Change in Net Assets
$769,697

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$370,010Fair Market Value
Other Non Cash Contri Table7$29,097Fair Market Value
Other Non Cash Contri Table4$9,035Fair Market Value
Other Non Cash Contri Table1$7,000Fair Market Value
Other Non Cash Contri Table2$6,000Fair Market Value
Total Noncash Contributions15$421,142-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,933,468
Revenue Not Reported on Financial Statements
$50,306
Revenue Not Reported on Form 990
$549,403
Total Revenue per Audited Statements
$2,482,871
Total Revenue per Form 990
$1,983,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,027,896
Other Expenses$186,181
Total Fundraising Expense$20,646
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$581,305--$581,305
Grants to Domestic Individuals$446,591--$446,591
Fees for Services Accounting-$79,381-$79,381
Fees for Service Investment Mgmnt Fees-$50,306-$50,306
Fees for Services Other$16,094$25$889$17,008
Information Technology$4,676-$6,037$10,713
Advertising$2,440-$5,693$8,133
Office Expenses$1,787$810$3,031$5,628
Insurance-$1,527-$1,527
Other Expenses-$1,244$4,996$1,244
Travel-$766-$766
Conferences and Meetings-$80-$80
Total Functional Expenses$1,052,893$140,538$20,646$1,214,077

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,395,457
Total Expenses per Form 990$1,214,077
Expenses per Audited Statements$1,163,771
Expenses Not Reported on Form 990$231,686
Expenses Not Reported on Financial Statements$50,306
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Century CollegeWhite Bear Lake, MN-To Support the Educational Purposes, Programs, and Activities That Benefit Century College.$160,163
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
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
No
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

Hannah johnson and julie barton have a family relationship.

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

A draft copy of the form 990 is provided to the executive committee for initial review. After their review and feedback, a copy is provided to the full board.

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

Forms are handed out annually and board members are asked to fill them out and return to the foundation. Completed forms are reviewed. If there is a concern about a potential conflict of interest, the individual is contacted in order to clarify any potential conflict and resolve appropriately.

Form 990, Part VI, Section C, Line 19

Copies of the organization policies, financial reports, audit reports and form 990 are provided upon request.

Filing and Contact Details

Filer

Filer Name
Century College Foundation
EIN
23-7401534
Phone
6517793338
Address
3300 CENTURY AVENUE NORTH, WHITE BEAR LAKE, MN 55110

Signing Officer

Name
Nora Slawik
Title
Executive Director
Phone
6517793338
Signed
2025-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nora Slawik
Formed
1973
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
41

Preparer

Firm
Redpath and Company LLC
Address
4810 WHITE BEAR PARKWAY, WHITE BEAR LAKE, MN 55110
Preparer
Cathy a Lydon CPA
Phone
6514267000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation is tax-exempt under section 501(c) (3) of the internal revenue code. A tax expense or benefit from an uncertain income tax position (including tax-exempt status) may be recognized only when it is more likely than not that the position will be sustained upon examination by taxing authorities. Management believes the foundation has no uncertain income tax positions that would result in an accrual, expense or benefit under the more likely than not standard.

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