Civic Intelligence

The Preserve Association

990 • Fiscal year 2016 • EIN 23-7420212

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

Organization ProfilePRESERVEASSOCIATION.COM
11221 Anderson Lake ParkwayEden Prairie, MN 55344

(952) 941-8400

Siviq Scores

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

Liabilities / Assets

46th percentile

0.01x

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

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

42nd percentile

0.01x

Higher debt load relative to revenue than 42% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Net Margin

62nd percentile

12%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Asset Growth

80th percentile

14%

Faster asset growth than 80% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

55th percentile

4.1%

Faster revenue growth than 55% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$485,591

Up $58,991 (+14%) from 2015

Net Assets

Up

$478,829

Up $66,384 (+16%) from 2015

Liabilities

Down

$6,762

Down $7,393 (-52%) from 2015

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin62nd percentile

Revenue

Up

$555,818

Up $21,864 (+4.1%) from 2015

Expenses

Down

$489,434

Down $132,836 (-21%) from 2015

Net Income

Up

$66,384

Up $154,700 (+175%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $437,472Liabilities 2011: $16,788Net Assets 2011: $420,6842011Assets 2012: $487,133Liabilities 2012: $20,037Net Assets 2012: $467,0962012Assets 2013: $447,735Liabilities 2013: $7,288Net Assets 2013: $440,4472013Assets 2014: $503,895Liabilities 2014: $3,134Net Assets 2014: $500,7612014Assets 2015: $426,600Liabilities 2015: $14,155Net Assets 2015: $412,4452015Assets 2016: $485,591Liabilities 2016: $6,762Net Assets 2016: $478,8292016Assets 2017: $543,729Liabilities 2017: $3,136Net Assets 2017: $540,5932017Assets 2018: $774,443Liabilities 2018: $54,191Net Assets 2018: $720,2522018Assets 2019: $957,592Liabilities 2019: $13,173Net Assets 2019: $944,4192019Assets 2020: $988,835Liabilities 2020: $3,507Net Assets 2020: $985,3282020Assets 2021: $979,552Liabilities 2021: $4,488Net Assets 2021: $975,0642021Assets 2022: $990,318Liabilities 2022: $3,925Net Assets 2022: $986,3932022Assets 2023: $1,349,679Liabilities 2023: $25,930Net Assets 2023: $1,323,7492023Assets 2024: $1,464,068Liabilities 2024: $10,232Net Assets 2024: $1,453,8362024

Highlighted filing

2016

Assets$485,591
Liabilities$6,762
Net Assets$478,829
Open 2016 Filing

Operations Trend

Revenue Growth55th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $384,7692011Expenses 2012: $429,9222012Revenue 2013: $497,101Expenses 2013: $523,750Net Income 2013: -$26,6492013Revenue 2014: $513,047Expenses 2014: $452,733Net Income 2014: $60,3142014Revenue 2015: $533,954Expenses 2015: $622,270Net Income 2015: -$88,3162015Revenue 2016: $555,818Expenses 2016: $489,434Net Income 2016: $66,3842016Revenue 2017: $579,754Expenses 2017: $517,990Net Income 2017: $61,7642017Revenue 2018: $622,154Expenses 2018: $442,495Net Income 2018: $179,6592018Revenue 2019: $683,103Expenses 2019: $483,568Net Income 2019: $199,5352019Revenue 2020: $643,563Expenses 2020: $602,654Net Income 2020: $40,9092020Revenue 2021: $679,500Expenses 2021: $693,529Net Income 2021: -$14,0292021Revenue 2022: $703,854Expenses 2022: $659,081Net Income 2022: $44,7732022Revenue 2023: $949,294Expenses 2023: $676,557Net Income 2023: $272,7372023Revenue 2024: $841,185Expenses 2024: $770,462Net Income 2024: $70,7232024

Highlighted filing

2016

Revenue$555,818
Expenses$489,434
Net Income$66,384
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$555,818
Mission and Program Overview

Mission

Operation and maintenance of common grounds of association benefitting 5,950 people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$402,234$458,638▲ $56,404
Cash and Non-Interest-Bearing Accounts$17,746$21,784▲ $4,038
Accounts Receivable$5,227$3,679▼ $1,548
Prepaid Expenses and Deferred Charges$1,393$1,490▲ $97
Total Assets$426,600$485,591▲ $58,991
Liabilities
Other Liabilities$7,161$5,171▼ $1,990
Accounts Payable and Accrued Expenses$6,994$1,591▼ $5,403
Total Liabilities$14,155$6,762▼ $7,393
Net Assets / Fund Balance
Unrestricted Net Assets$412,445$478,829▲ $66,384
Total Net Assets Fund Balance$412,445$478,829▲ $66,384
Total Liabilities and Net Assets / Fund Balance$426,600$485,591▲ $58,991
Compensation and Service Providers
Top Officer Pay67th percentile

Board Members and Trustees

NameTitle
Inga BorggrevePresident
Ken HallonquistVice President
Bruce HellierMember
Jim GilbertMember
Tim RushMember
Tom HellerMember
Traci BartzMember
Chris DomnisoruSecretary
Paul MusegadesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$554,236
Investment Income
$1,582
Other Revenue
$0
Change in Net Assets
$66,384

Audited Revenue Reconciliation

Revenue per Audited Statements
$555,818
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$555,818
Total Revenue per Form 990
$555,818
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$245,017
Salaries, Compensation, and Employee Benefits$244,417
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$111,886$109,078-$220,964
Occupancy$16,344$7,654-$23,998
Payroll Taxes$9,313$8,727-$18,040
Insurance$14,821$1,000-$15,821
Office Expenses-$10,036-$10,036
Fees for Services Accounting-$7,957-$7,957
Pension Plan Contributions-$5,413-$5,413
Fees for Services Legal-$1,212-$1,212
Other Expenses$319$212-$531
All Other Expenses$300--$300
Advertising-$156-$156
Total Functional Expenses$336,129$153,305$0$489,434

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$489,434
Total Expenses per Audited Statements$489,434
Total Expenses per Form 990$489,434
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Vacation$5,171
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Organization's process used to review form 990 yes.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
The Preserve Association
EIN
23-7420212
Phone
9529418400
Address
11221 ANDERSON LAKE PARKWAY, EDEN PRAIRIE, MN 55344

Signing Officer

Name
Carol Bomben
Title
General Manager
Phone
9529418400
Signed
2017-05-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Carol Bomben
Formed
1972
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
37
Volunteers
0

Preparer

Firm
Casey Menden Faust & Nelson Pa
Address
7900 WEST 78TH STREET SUITE 450, EDINA, MN 55439-2586
Preparer
Scott M Callahan
Phone
9529467900
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The preserve association is an exempt organization under section 501(c)(4) of the internal revenue code. Under that code the association pays income taxes only on income generated from unrelated business activities. During 2016 and 2015, the association did not have income from such activities. The association has evaluated for uncertain tax positions and determined there are none. Federal and state taxing authorities generally have the right to examine returns for three years from the date of filing. Any intererst or penalties incurred by the association would be included in operating expenses in the accompanying financial statements. No interest or penalties are reflected in the 2016 or 2015 financial statements.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PRESERVE ASSOCIATION IS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. UNDER THAT CODE THE ASSOCIATION PAYS INCOME TAXES ONLY ON INCOME GENERATED FROM UNRELATED BUSINESS ACTIVITIES. DURING 2016 AND 2015, THE ASSOCIATION DID NOT HAVE INCOME FROM SUCH ACTIVITIES. THE ASSOCIATION HAS EVALUATED FOR UNCERTAIN TAX POSITIONS AND DETERMINED THERE ARE NONE. FEDERAL AND STATE TAXING AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE RETURNS FOR THREE YEARS FROM THE DATE OF FILING. ANY INTERERST OR PENALTIES INCURRED BY THE ASSOCIATION WOULD BE INCLUDED IN OPERATING EXPENSES IN THE ACCOMPANYING FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES ARE REFLECTED IN THE 2016 OR 2015 FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0489434
IRS990ScheduleD/TotalLiabilityAmt05171
IRS990ScheduleD/TotalRevenuePerForm990Amt0555818
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0555818
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0489434
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 YES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0426600
IRS990/TotalAssetsEOYAmt0485591
IRS990/TotalAssetsGrp/BOYAmt0426600
IRS990/TotalAssetsGrp/EOYAmt0485591
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0153305
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0336129
IRS990/TotalFunctionalExpensesGrp/TotalAmt0489434
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014155
IRS990/TotalLiabilitiesEOYAmt06762
IRS990/TotalLiabilitiesGrp/BOYAmt014155
IRS990/TotalLiabilitiesGrp/EOYAmt06762
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0412445
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0478829
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0336129
IRS990/TotalProgramServiceRevenueAmt0554236
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01582
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0554236
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0555818
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0426600
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0485591
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0412445
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0478829
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011221 ANDERSON LAKE PARKWAY
IRS990/USAddress/CityNm0EDEN PRAIRIE
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055344
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0PRESERVEASSOCIATION.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL BOMBEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum09529418400
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PRESERVE ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0PRES
ReturnHeader/Filer/EIN0237420212
ReturnHeader/Filer/PhoneNum09529418400
ReturnHeader/Filer/USAddress/AddressLine1Txt011221 ANDERSON LAKE PARKWAY
ReturnHeader/Filer/USAddress/CityNm0EDEN PRAIRIE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055344
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0539F67BB30B0AE635765847A058D82C614C60FC6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BB14ADAB4A4F82202775D40428CE7A006A87E530
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.11.32.173
ReturnHeader/FilingSecurityInformation/IPDt02017-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:00:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411535741
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CASEY MENDEN FAUST & NELSON PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07900 WEST 78TH STREET SUITE 450
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDINA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554392586
ReturnHeader/PreparerPersonGrp/PhoneNum09529467900
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT M CALLAHAN
ReturnHeader/ReturnTs02017-05-19T07:41:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$485,591
Liabilities
$6,762
Net assets
$478,829
Revenue
$555,818
Expenses
$489,434
Net income
$66,384
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.01$1.45$0.84$0.77$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.35$0.03$1.32$0.95$0.68$0.27
2022Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.70$0.66$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.68$0.69$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.64$0.60$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.94$0.68$0.48$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.77$0.05$0.72$0.62$0.44$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.58$0.52$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.01$0.48$0.56$0.49$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.01$0.41$0.53$0.62$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.51$0.45$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.44$0.50$0.52$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.02$0.47$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.02$0.42$0.38