Civic Intelligence

Uptown Association Inc.

990 • Fiscal year 2016 • EIN 23-7451322

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 12, 2017

1406 W Lake StMinneapolis, MN 55408

(612) 823-4581

Siviq Scores

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

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

24th percentile

0.00x

Higher debt load relative to revenue than 24% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

48th percentile

3.2%

Higher net margin than 48% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

65th percentile

$92,614

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

27th percentile

-5.1%

Faster revenue growth than 27% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$168,101

Up $21,249 (+14%) from 2015

Net Assets

Up

$166,336

Up $19,570 (+13%) from 2015

Liabilities

Up

$1,765

Up $1,679 (+1952%) from 2015

Revenue

Down

$620,443

Down $33,170 (-5.1%) from 2015

Expenses

Down

$600,873

Down $35,575 (-5.6%) from 2015

Net Income

Up

$19,570

Up $2,405 (+14%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100K-$200KAssets 2012: $185,329Liabilities 2012: $621Net Assets 2012: $184,7082012Assets 2013: $133,023Liabilities 2013: $516Net Assets 2013: $132,5072013Assets 2014: $129,788Liabilities 2014: $187Net Assets 2014: $129,6012014Assets 2015: $146,852Liabilities 2015: $86Net Assets 2015: $146,7662015Assets 2016: $168,101Liabilities 2016: $1,765Net Assets 2016: $166,3362016Assets 2017: $183,238Liabilities 2017: $1,792Net Assets 2017: $181,4462017Assets 2018: $173,116Liabilities 2018: $1,725Net Assets 2018: $171,3912018Assets 2019: $174,597Liabilities 2019: $500Net Assets 2019: $174,0972019Assets 2020: $209,038Liabilities 2020: $165,738Net Assets 2020: $43,3002020Assets 2021: $95,446Liabilities 2021: $176,447Net Assets 2021: -$81,0012021Assets 2022: $40,867Liabilities 2022: $146,740Net Assets 2022: -$105,8732022Assets 2023: $95,314Liabilities 2023: $144,430Net Assets 2023: -$49,1162023Assets 2024: $99,704Liabilities 2024: $199,616Net Assets 2024: -$99,9122024

Highlighted filing

2016

Assets$168,101
Liabilities$1,765
Net Assets$166,336

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $549,2562012Revenue 2013: $540,710Expenses 2013: $592,911Net Income 2013: -$52,2012013Revenue 2014: $638,659Expenses 2014: $641,565Net Income 2014: -$2,9062014Revenue 2015: $653,613Expenses 2015: $636,448Net Income 2015: $17,1652015Revenue 2016: $620,443Expenses 2016: $600,873Net Income 2016: $19,5702016Revenue 2017: $599,054Expenses 2017: $583,944Net Income 2017: $15,1102017Revenue 2018: $594,180Expenses 2018: $604,235Net Income 2018: -$10,0552018Revenue 2019: $537,553Expenses 2019: $534,847Net Income 2019: $2,7062019Revenue 2020: $102,876Expenses 2020: $233,673Net Income 2020: -$130,7972020Revenue 2021: $37,182Expenses 2021: $161,483Net Income 2021: -$124,3012021Revenue 2022: $509,984Expenses 2022: $534,857Net Income 2022: -$24,8732022Revenue 2023: $484,087Expenses 2023: $427,330Net Income 2023: $56,7572023Revenue 2024: $204,192Expenses 2024: $254,988Net Income 2024: -$50,7962024

Highlighted filing

2016

Revenue$620,443
Expenses$600,873
Net Income$19,570
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 12, 2017
Return Version
2016v3.0
Gross Receipts
$620,443
Mission and Program Overview

Mission

The Uptown Association's mission is to create and sustain a healthy business and community environment by providing open communication between stakeholders, promoting economic development without sacrificing our unique culture and serving as a catalyst toward the improvement of the Uptown community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$58,490$117,732▲ $59,242
Cash and Non-Interest-Bearing Accounts$76,538$40,038▼ $36,500
Investments Other Securities$11,824$10,331▼ $1,493
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$146,852$168,101▲ $21,249
Liabilities
Escrow Account Liability$0$1,516▲ $1,516
Other Liabilities$86$249▲ $163
Total Liabilities$86$1,765▲ $1,679
Net Assets / Fund Balance
Unrestricted Net Assets$146,766$166,336▲ $19,570
Total Net Assets Fund Balance$146,766$166,336▲ $19,570
Total Liabilities and Net Assets / Fund Balance$146,852$168,101▲ $21,249

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$41,738$41,738
Other Land Buildings$0$1,069$1,069
Closely Held Equity Interests$10,331--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Maude LovelleExecutive DirectorFT$92,614$92,614

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$216,367
Program Service Revenue
$399,069
Investment Income
$214
Other Revenue
$4,793
All Other Contributions
$216,367
Change in Net Assets
$19,570
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$412,744
Salaries, Compensation, and Employee Benefits$188,129
Total Fundraising Expense$81,065
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$79,462$602$21,284$101,348
Current Officers, Directors, Trustees, and Key Employees-$37,046$55,568$92,614
Other Salaries and Wages$82,257--$82,257
Advertising$71,690$1,215-$72,905
Occupancy$42,160$22,955-$65,115
Other Expenses$33,064$753-$33,064
Office Expenses$9,371$15,813-$25,184
Payroll Taxes$6,236$2,809$4,213$13,258
Insurance$7,612$3,901-$11,513
Fees for Services Accounting-$8,315-$8,315
Information Technology-$4,609-$4,609
Fees for Services Legal-$1,100-$1,100
Interest-$226-$226
Conferences and Meetings-$47-$47
Total Functional Expenses$420,417$99,391$81,065$600,873
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
State income taxes$249
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 7A

The Nominating Committee selects a slate of candidates to be voted upon by association members.

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

A copy of Form 990 is reviewed by the governing board at a meeting before it is filed.

Form 990, Part VI, Section B, line 15

Compensation for top management and executive directors is subject to review and approval by independent persons, and compensation for officers or key employees is determined by the Executive Committee of the Board of Directors.

Form 990, Part VI, Section C, line 19

A summary of the financial status of the organization for the previous year is put forth each year to the Association's membership by our accountants, The McLinden Group. They provide a written summary and the Uptown Association Finance Committee are available to answer questions if need be. Additionally, the Organization makes it governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Uptown Association Inc
EIN
23-7451322
Phone
6128234581
Address
1406 W Lake St, Minneapolis, MN 55408

Signing Officer

Name
Maude Lovelle
Title
Executive Director
Phone
6128234581
Signed
2017-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maude Lovelle
Formed
1975
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
720

Preparer

Firm
Abdo Eick & Meyers Llp
Address
5201 EDEN AVE 250, EDINA, MN 55344
Preparer
Kevin F Kalal CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

Sponsorship sales: Program service expenses 0. Management and general expenses 0. Fundraising expenses 21,284. Total expenses 21,284. Awards: Program service expenses 18,356. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,356. Other Project expenses: Program service expenses 16,890. Management and general expenses 387. Fundraising expenses 0. Total expenses 17,277. Art Fair expenses: Program service expenses 14,658. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,658. Volunteer Committee: Program service expenses 12,315. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,315. Exhibitor coordination: Program service expenses 7,534. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,534. Supplies and miscellaneous: Program service expenses 5,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,500. Volunteer coordination: Program service expenses 3,474. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,474. Signage: Program service expenses 735. Management and general expenses 0. Fundraising expenses 0. Total expenses 735. Professional Memberships: Program service expenses 0. Management and general expenses 215. Fundraising expenses 0. Total expenses 215.

Financial Statement Notes

Part IV, Line 2B:

The Organization acted as the fiscal agent for a project during 2016 with a similar mission to the Organization.

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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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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt08274
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03407
IRS990/ProgSrvcAccomActy3Grp/Desc0Networking - offered monthly networking opportunities in the format of Monday Night Mingle, a social gathering experience for the businesses and residents. Also offered after-hours networking where attendees can get an up-close and personal look at the unique Uptown Business.CANvas Uptown is an art activity for local business and organizations to showcase their products and services while driving traffic to their doorstep prior to and during the Uptown Art Fair. The businesses decorated one-gallon metal cans or "hire" artists to decorate casn and then these cans are displayed throughout the Twin Cities and promote their business.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01185
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0234
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt014355
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0181522
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt079
IRS990/PYOtherExpensesAmt0461526
IRS990/PYOtherRevenueAmt05365
IRS990/PYProgramServiceRevenueAmt0466647
IRS990/PYRevenuesLessExpensesAmt017165
IRS990/PYSalariesCompEmpBnftPaidAmt0174922
IRS990/PYTotalExpensesAmt0636448
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0653613
IRS990/ReconcilationRevenueExpnssAmt019570
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0381073
IRS990/SavingsAndTempCashInvstGrp/BOYAmt058490
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0117732
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
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/AdditionsDuringYearAmt02300
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BeginningBalanceAmt00
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt010331
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/DistributionsDuringYearAmt0784
IRS990ScheduleD/EndingBalanceAmt01516
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt041738
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt041738
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01069
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0249
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0State income taxes
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization acted as the fiscal agent for a project during 2016 with a similar mission to the Organization.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt010331
IRS990ScheduleD/TotalLiabilityAmt0249
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Nominating Committee selects a slate of candidates to be voted upon by association members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of Form 990 is reviewed by the governing board at a meeting before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for top management and executive directors is subject to review and approval by independent persons, and compensation for officers or key employees is determined by the Executive Committee of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A summary of the financial status of the organization for the previous year is put forth each year to the Association's membership by our accountants, The McLinden Group. They provide a written summary and the Uptown Association Finance Committee are available to answer questions if need be. Additionally, the Organization makes it governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Sponsorship sales: Program service expenses 0. Management and general expenses 0. Fundraising expenses 21,284. Total expenses 21,284. Awards: Program service expenses 18,356. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,356. Other Project expenses: Program service expenses 16,890. Management and general expenses 387. Fundraising expenses 0. Total expenses 17,277. Art Fair expenses: Program service expenses 14,658. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,658. Volunteer Committee: Program service expenses 12,315. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,315. Exhibitor coordination: Program service expenses 7,534. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,534. Supplies and miscellaneous: Program service expenses 5,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,500. Volunteer coordination: Program service expenses 3,474. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,474. Signage: Program service expenses 735. Management and general expenses 0. Fundraising expenses 0. Total expenses 735. Professional Memberships: Program service expenses 0. Management and general expenses 215. Fundraising expenses 0. Total expenses 215.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 24e
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0146852
IRS990/TotalAssetsEOYAmt0168101
IRS990/TotalAssetsGrp/BOYAmt0146852
IRS990/TotalAssetsGrp/EOYAmt0168101
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0216367
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt081065
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099391
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0420417
IRS990/TotalFunctionalExpensesGrp/TotalAmt0600873
IRS990/TotalGrossUBIAmt04793
IRS990/TotalLiabilitiesBOYAmt086
IRS990/TotalLiabilitiesEOYAmt01765
IRS990/TotalLiabilitiesGrp/BOYAmt086
IRS990/TotalLiabilitiesGrp/EOYAmt01765
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0146766
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0166336
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcRevenueAmt014355
IRS990/TotalProgramServiceExpensesAmt0420417
IRS990/TotalProgramServiceRevenueAmt0399069
IRS990/TotalReportableCompFromOrgAmt092614
IRS990/TotalRevenueGrp/ExclusionAmt0214
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0399069
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0620443
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt04793
IRS990/TotalVolunteersCnt0720
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0146852
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0168101
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0146766
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0166336
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01406 W Lake St
IRS990/USAddress/CityNm0Minneapolis
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055408
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.uptownminneapolis.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Maude Lovelle
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06128234581
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Uptown Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0UPTO
ReturnHeader/Filer/EIN0237451322
ReturnHeader/Filer/PhoneNum06128234581
ReturnHeader/Filer/USAddress/AddressLine1Txt01406 W Lake St
ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055408
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06C9727C25E856C8D4DD7A848B01CF9B95910A297
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C9727C25E856C8D4DD7A848B01CF9B95910A297

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