Civic Intelligence

Erik'S Ranch Inc

990 • Fiscal year 2022 • EIN 26-0456090

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 29, 2023

3420 Heritage DrEdina, MN 55435

(612) 396-7829

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

68th percentile

0.22x

Higher debt load relative to revenue than 68% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

53rd percentile

8.3%

Higher net margin than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

56th percentile

$73,282

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

54th percentile

2.9%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,334,555

Up $123,446 (+2.9%) from 2021

Net Assets

Up

$3,997,277

Up $125,646 (+3.2%) from 2021

Liabilities

Down

$337,278

Down $2,200 (-0.6%) from 2021

Revenue

Up

$1,511,968

Up $152,923 (+11%) from 2021

Expenses

Up

$1,386,322

Up $122,041 (+9.7%) from 2021

Net Income

Up

$125,646

Up $30,882 (+33%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $2,235,736Liabilities 2012: $14,381Net Assets 2012: $2,221,3552012Assets 2013: $1,968,958Liabilities 2013: $50,897Net Assets 2013: $1,918,0612013Assets 2014: $2,449,383Liabilities 2014: $362,657Net Assets 2014: $2,086,7262014Assets 2015: $2,507,196Liabilities 2015: $528,007Net Assets 2015: $1,979,1892015Assets 2016: $4,175,811Liabilities 2016: $492,742Net Assets 2016: $3,683,0692016Assets 2017: $3,777,415Liabilities 2017: $189,527Net Assets 2017: $3,587,8882017Assets 2018: $3,833,637Liabilities 2018: $398,587Net Assets 2018: $3,435,0502018Assets 2019: $3,939,525Liabilities 2019: $238,064Net Assets 2019: $3,701,4612019Assets 2020: $4,083,802Liabilities 2020: $306,935Net Assets 2020: $3,776,8672020Assets 2021: $4,211,109Liabilities 2021: $339,478Net Assets 2021: $3,871,6312021Assets 2022: $4,334,555Liabilities 2022: $337,278Net Assets 2022: $3,997,2772022Assets 2023: $4,919,778Liabilities 2023: $1,010,578Net Assets 2023: $3,909,2002023Assets 2024: $4,842,181Liabilities 2024: $1,148,001Net Assets 2024: $3,694,1802024

Highlighted filing

2022

Assets$4,334,555
Liabilities$337,278
Net Assets$3,997,277

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $168,8262012Revenue 2013: $138,069Expenses 2013: $453,259Net Income 2013: -$315,1902013Revenue 2014: $853,768Expenses 2014: $685,103Net Income 2014: $168,6652014Revenue 2015: $712,738Expenses 2015: $820,275Net Income 2015: -$107,5372015Revenue 2016: $2,491,472Expenses 2016: $822,955Net Income 2016: $1,668,5172016Revenue 2017: $834,388Expenses 2017: $929,569Net Income 2017: -$95,1812017Revenue 2018: $938,300Expenses 2018: $1,078,776Net Income 2018: -$140,4762018Revenue 2019: $1,384,830Expenses 2019: $1,118,419Net Income 2019: $266,4112019Revenue 2020: $1,281,007Expenses 2020: $1,205,601Net Income 2020: $75,4062020Revenue 2021: $1,359,045Expenses 2021: $1,264,281Net Income 2021: $94,7642021Revenue 2022: $1,511,968Expenses 2022: $1,386,322Net Income 2022: $125,6462022Revenue 2023: $1,384,529Expenses 2023: $1,474,603Net Income 2023: -$90,0742023Revenue 2024: $1,401,329Expenses 2024: $1,616,349Net Income 2024: -$215,0202024

Highlighted filing

2022

Revenue$1,511,968
Expenses$1,386,322
Net Income$125,646
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 29, 2023
Return Version
2022v5.0
Gross Receipts
$1,562,110
Mission and Program Overview

Mission

Erik's ranch inc.'s mission is to use its guiding principles of lifelong learning, individual community building, and bidirectional integration, to provide safe and unequaled living, working, social and recreational environments for young adults with autism. Their commitment is that each of their residents lives a rewarding life on his/her own terms, experiencing dignity, compassion and the joy of continuing possibility.

Erik's ranch, inc. Provides safe and unequaled living, working, social and recreational environments for young adults with autism, using its guiding principles of lifelong learning, individual community building and bidirectional integration through voluntourism. We're committed to giving these individuals a rewarding life on their own terms, experiencing dignity, compassion and the joy of continuing possibility. At erik's ranch, inc. People from all over the world, and sometimes right next-door, stay in our one-of-a-kind guest accommodations for business and personal travel. It is our goal to provide our guests with top-notch customer service, exceptional accommodations, and the unique touches that are only available in a smaller setting. Our members proudly live and work on site-offering boutique style accommodations in edina, mn, and ranch accommodations in livingston, mt.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,596,408$3,688,169▲ $91,761
Cash and Non-Interest-Bearing Accounts$546,831$566,088▲ $19,257
Accounts Receivable$7,230$19,804▲ $12,574
Prepaid Expenses and Deferred Charges$10,816$15,667▲ $4,851
Loans From Officers Directors$5,916--
Pledges and Grants Receivable$5,000--
Savings and Temporary Cash Investments$2,501$2,504▲ $3
Total Assets$4,211,109$4,334,555▲ $123,446
Other Assets Total$42,323$42,323→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,533$159,922▲ $135,389
Other Liabilities$178,716$93,534▼ $85,182
Accounts Payable and Accrued Expenses$74,415$73,048▼ $1,367
Unsecured Notes Loans Payable$55,898$10,774▼ $45,124
Total Liabilities$339,478$337,278▼ $2,200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,871,631$3,997,277▲ $125,646
Total Net Assets Fund Balance$3,871,631$3,997,277▲ $125,646
Total Liabilities and Net Assets / Fund Balance$4,211,109$4,334,555▲ $123,446

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,240,927$339,354$2,580,281
Land$902,712-$902,712
Leasehold Improvements$494,016$86,440$580,456
Equipment$50,514$269,192$319,706
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathryn NordbergCEOFT$73,282$73,282

Board Members and Trustees

NameTitle
Dr Eric V LarssonBoard Member
San AsatoCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$430,009
Program Service Revenue
$1,106,557
Investment Income
$5,807
Other Revenue
$-30,405
All Other Contributions
$297,382
Change in Net Assets
$125,646

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$37,906Silent Auction Items
Total Noncash Contributions1$37,906-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,511,968
Total Revenue per Audited Statements
$1,511,968
Total Revenue per Form 990
$1,511,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$706,310
Salaries, Compensation, and Employee Benefits$680,012
Total Fundraising Expense$10,992
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$509,933$49,371-$559,304
Occupancy$261,391$26,480-$287,871
Depreciation Depletion$95,698--$95,698
Current Officers, Directors, Trustees, and Key Employees$36,641$25,649$10,992$73,282
Payroll Taxes$41,088$6,338-$47,426
Insurance$21,922$14,579-$36,501
All Other Expenses$20,337$14,525-$34,862
Other Expenses$24,688$87-$24,775
Travel$4,091$20,524-$24,615
Fees for Services Other-$15,026-$15,026
Fees for Services Accounting-$12,200-$12,200
Information Technology$43$7,435-$7,478
Advertising$3,225$3,288-$6,513
Interest$34$4,490-$4,524
Office Expenses$1,787$1,797-$3,584
Fees for Services Legal-$1,588-$1,588
Total Functional Expenses$1,146,733$228,597$10,992$1,386,322

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,386,322
Total Expenses per Audited Statements$1,386,322
Total Expenses per Form 990$1,386,322
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$49,216
Gaming Gross Income$9,675
Gaming Direct Expenses$165
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$116,990-$49,216-
Total Events$116,990-$49,216$-49,216
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Maria Fieldheritage of EdinaMother of CEOLease ExpenseNo$242,160

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$5,916--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$63,825
Security Deposits$23,240
Deferred Revenue$6,469
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The ceo and the book-keeper review the 990 in detail and then a draft of the 990 is given to all board members for review before filing.

Form 990, Page 6, Part VI, Line 12C

At an annual board meeting, board members are required to disclose any conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

The board of directors set compensation for the ceo using current, relevant, compensation comparison data from comparable, nonprofit organizations for ceo's that have comparable qualifications.

Form 990, Page 6, Part VI, Line 15B

The organization did not compensate any officers or key employees.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
ERIK'S RANCH INC
EIN
26-0456090
Phone
6123967829
Address
3420 HERITAGE DR, EDINA, MN 55435

Signing Officer

Name
Kathryn Nordberg
Title
CEO
Phone
6123967829
Signed
2023-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Nordberg
Formed
2007
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
2
Employees
44
Volunteers
13

Preparer

Firm
Foley Kalseim & Company Ltd
Address
12415 55TH ST N, LAKE ELMO, MN 55042-8462
Preparer
Martha a Kalmon CPA
Phone
6514303635
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Erik's ranch, inc. Provides safe and unequaled living, working, social and recreational environments for young adults with autism, using its guiding principles of lifelong learning, individual community building and bidirectional integration through voluntourism. We're committed to giving these individuals a rewarding life on their own terms, experiencing dignity, compassion and the joy of continuing possibility. At erik's ranch, inc. People from all over the world, and sometimes right next-door, stay in our one-of-a-kind guest accommodations for business and personal travel. It is our goal to provide our guests with top-notch customer service, exceptional accommodations, and the unique touches that are only available in a smaller setting. Our members proudly live and work on site-offering boutique style accommodations in edina, mn, and ranch accommodations in livingston, mt.

Form 990, Page 2, Part III, Line 4A

Erik's ranchis a membership program that provides living, working, social, and recreational environments for adults with autism spectrum disorders in minnesota and montana. Our mission is to provide our members with a rewarding life on their own terms, experiencing dignity, compassion, and the joy of continuing possibility. Our mission is only possible and fully realized because of the guests who stay and tour with us at both our guest ranch in montana and boutique-style hotel accommodations in minnesota. Our guests provide positive social interactions and meaningful employment opportunities for our members, such as tour guides, concierge staff, historians, bakers and much more. The overnight donations from guests staying with us allow us to financially sustain our mission and pay wages to our members and team of life plan coaches who support them. As indicated, our members are directly responsible for generating guest donations by leading and assisting with a variety of tours. These tours, available to our guests and the public, include horseback riding, a wildlife excursion, hiking tours, cocktail tours, segway tours, limo tours, and more. Providing meaningful employment opportunities for young adults on the autism spectrum is the core of our mission, and the income generated by these tours is vital to our sustainability.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code. Management has determined that the organization does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures. Tax returns for the past three years remain open for examination.

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IRS990/MissionDesc0ERIK'S RANCH, INC. PROVIDES SAFE AND UNEQUALED LIVING, WORKING, SOCIAL AND RECREATIONAL ENVIRONMENTS FOR YOUNG ADULTS WITH AUTISM, USING ITS GUIDING PRINCIPLES OF LIFELONG LEARNING, INDIVIDUAL COMMUNITY BUILDING AND BIDIRECTIONAL INTEGRATION THROUGH VOLUNTOURISM. WE'RE COMMITTED TO GIVING THESE INDIVIDUALS A REWARDING LIFE ON THEIR OWN TERMS, EXPERIENCING DIGNITY, COMPASSION AND THE JOY OF CONTINUING POSSIBILITY. AT ERIK'S RANCH, INC. PEOPLE FROM ALL OVER THE WORLD, AND SOMETIMES RIGHT NEXT-DOOR, STAY IN OUR ONE-OF-A-KIND GUEST ACCOMMODATIONS FOR BUSINESS AND PERSONAL TRAVEL. IT IS OUR GOAL TO PROVIDE OUR GUESTS WITH TOP-NOTCH CUSTOMER SERVICE, EXCEPTIONAL ACCOMMODATIONS, AND THE UNIQUE TOUCHES THAT ARE ONLY AVAILABLE IN A SMALLER SETTING. OUR MEMBERS PROUDLY LIVE AND WORK ON SITE-OFFERING BOUTIQUE STYLE ACCOMMODATIONS IN EDINA, MN, AND RANCH ACCOMMODATIONS IN LIVINGSTON, MT.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED REVENUE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. TAX RETURNS FOR THE PAST THREE YEARS REMAIN OPEN FOR EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MARIA FIELDHERITAGE OF EDINA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MOTHER OF CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ERIK'S RANCH, INC. PROVIDES SAFE AND UNEQUALED LIVING, WORKING, SOCIAL AND RECREATIONAL ENVIRONMENTS FOR YOUNG ADULTS WITH AUTISM, USING ITS GUIDING PRINCIPLES OF LIFELONG LEARNING, INDIVIDUAL COMMUNITY BUILDING AND BIDIRECTIONAL INTEGRATION THROUGH VOLUNTOURISM. WE'RE COMMITTED TO GIVING THESE INDIVIDUALS A REWARDING LIFE ON THEIR OWN TERMS, EXPERIENCING DIGNITY, COMPASSION AND THE JOY OF CONTINUING POSSIBILITY. AT ERIK'S RANCH, INC. PEOPLE FROM ALL OVER THE WORLD, AND SOMETIMES RIGHT NEXT-DOOR, STAY IN OUR ONE-OF-A-KIND GUEST ACCOMMODATIONS FOR BUSINESS AND PERSONAL TRAVEL. IT IS OUR GOAL TO PROVIDE OUR GUESTS WITH TOP-NOTCH CUSTOMER SERVICE, EXCEPTIONAL ACCOMMODATIONS, AND THE UNIQUE TOUCHES THAT ARE ONLY AVAILABLE IN A SMALLER SETTING. OUR MEMBERS PROUDLY LIVE AND WORK ON SITE-OFFERING BOUTIQUE STYLE ACCOMMODATIONS IN EDINA, MN, AND RANCH ACCOMMODATIONS IN LIVINGSTON, MT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ERIK'S RANCHIS A MEMBERSHIP PROGRAM THAT PROVIDES LIVING, WORKING, SOCIAL, AND RECREATIONAL ENVIRONMENTS FOR ADULTS WITH AUTISM SPECTRUM DISORDERS IN MINNESOTA AND MONTANA. OUR MISSION IS TO PROVIDE OUR MEMBERS WITH A REWARDING LIFE ON THEIR OWN TERMS, EXPERIENCING DIGNITY, COMPASSION, AND THE JOY OF CONTINUING POSSIBILITY. OUR MISSION IS ONLY POSSIBLE AND FULLY REALIZED BECAUSE OF THE GUESTS WHO STAY AND TOUR WITH US AT BOTH OUR GUEST RANCH IN MONTANA AND BOUTIQUE-STYLE HOTEL ACCOMMODATIONS IN MINNESOTA. OUR GUESTS PROVIDE POSITIVE SOCIAL INTERACTIONS AND MEANINGFUL EMPLOYMENT OPPORTUNITIES FOR OUR MEMBERS, SUCH AS TOUR GUIDES, CONCIERGE STAFF, HISTORIANS, BAKERS AND MUCH MORE. THE OVERNIGHT DONATIONS FROM GUESTS STAYING WITH US ALLOW US TO FINANCIALLY SUSTAIN OUR MISSION AND PAY WAGES TO OUR MEMBERS AND TEAM OF LIFE PLAN COACHES WHO SUPPORT THEM. AS INDICATED, OUR MEMBERS ARE DIRECTLY RESPONSIBLE FOR GENERATING GUEST DONATIONS BY LEADING AND ASSISTING WITH A VARIETY OF TOURS. THESE TOURS, AVAILABLE TO OUR GUESTS AND THE PUBLIC, INCLUDE HORSEBACK RIDING, A WILDLIFE EXCURSION, HIKING TOURS, COCKTAIL TOURS, SEGWAY TOURS, LIMO TOURS, AND MORE. PROVIDING MEANINGFUL EMPLOYMENT OPPORTUNITIES FOR YOUNG ADULTS ON THE AUTISM SPECTRUM IS THE CORE OF OUR MISSION, AND THE INCOME GENERATED BY THESE TOURS IS VITAL TO OUR SUSTAINABILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO AND THE BOOK-KEEPER REVIEW THE 990 IN DETAIL AND THEN A DRAFT OF THE 990 IS GIVEN TO ALL BOARD MEMBERS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT AN ANNUAL BOARD MEETING, BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS SET COMPENSATION FOR THE CEO USING CURRENT, RELEVANT, COMPENSATION COMPARISON DATA FROM COMPARABLE, NONPROFIT ORGANIZATIONS FOR CEO'S THAT HAVE COMPARABLE QUALIFICATIONS.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.84$1.15$3.69$1.40$1.62$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.92$1.01$3.91$1.38$1.47$0.09
2022Detailed filing. Detailed filing data is available for this year.$4.33$0.34$4.00$1.51$1.39$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.21$0.34$3.87$1.36$1.26$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.08$0.31$3.78$1.28$1.21$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$0.24$3.70$1.38$1.12$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.83$0.40$3.44$0.94$1.08$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.78$0.19$3.59$0.83$0.93$0.10
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$0.49$3.68$2.49$0.82$1.67
2015Detailed filing. Detailed filing data is available for this year.$2.51$0.53$1.98$0.71$0.82$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.45$0.36$2.09$0.85$0.69$0.17
2013Detailed filing. Detailed filing data is available for this year.$1.97$0.05$1.92$0.14$0.45$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.01$2.22$0.17