Civic Intelligence

Sfm Foundation

990 • Fiscal year 2016 • EIN 26-2723684

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 06, 2017

3500 American Blvd WestBloomington, MN 55431

(952) 838-4200

Siviq Scores

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

Liabilities / Assets

89th percentile

0.75x

Higher debt load relative to assets than 89% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

1.68x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

21st percentile

-10%

Higher net margin than 21% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

79th percentile

27%

Faster revenue growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$584,149

Up $62,902 (+12%) from 2015

Net Assets

Down

$143,894

Down $27,068 (-16%) from 2015

Liabilities

Up

$440,255

Up $89,970 (+26%) from 2015

Revenue

Up

$261,808

Up $55,875 (+27%) from 2015

Expenses

Up

$288,876

Up $41,300 (+17%) from 2015

Net Income

Up

-$27,068

Up $14,575 (+35%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $183,992Liabilities 2011: $116,750Net Assets 2011: $67,2422011Assets 2012: $277,439Liabilities 2012: $156,846Net Assets 2012: $120,5932012Assets 2013: $368,173Liabilities 2013: $231,665Net Assets 2013: $136,5082013Assets 2014: $462,605Liabilities 2014: $250,000Net Assets 2014: $212,6052014Assets 2015: $521,247Liabilities 2015: $350,285Net Assets 2015: $170,9622015Assets 2016: $584,149Liabilities 2016: $440,255Net Assets 2016: $143,8942016Assets 2017: $634,214Liabilities 2017: $519,692Net Assets 2017: $114,5222017Assets 2018: $667,443Liabilities 2018: $474,750Net Assets 2018: $192,6932018Assets 2019: $736,039Liabilities 2019: $551,439Net Assets 2019: $184,6002019Assets 2020: $730,558Liabilities 2020: $514,998Net Assets 2020: $215,5602020Assets 2021: $978,375Liabilities 2021: $593,627Net Assets 2021: $384,7482021Assets 2022: $1,066,331Liabilities 2022: $695,673Net Assets 2022: $370,6582022Assets 2023: $1,210,052Liabilities 2023: $677,318Net Assets 2023: $532,7342023Assets 2024: $1,348,636Liabilities 2024: $817,614Net Assets 2024: $531,0222024

Highlighted filing

2016

Assets$584,149
Liabilities$440,255
Net Assets$143,894

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $93,177Expenses 2011: $51,041Net Income 2011: $42,1362011Revenue 2012: $150,200Expenses 2012: $96,849Net Income 2012: $53,3512012Revenue 2013: $171,308Expenses 2013: $155,393Net Income 2013: $15,9152013Revenue 2014: $215,748Expenses 2014: $139,651Net Income 2014: $76,0972014Revenue 2015: $205,933Expenses 2015: $247,576Net Income 2015: -$41,6432015Revenue 2016: $261,808Expenses 2016: $288,876Net Income 2016: -$27,0682016Revenue 2017: $279,889Expenses 2017: $309,261Net Income 2017: -$29,3722017Revenue 2018: $274,176Expenses 2018: $196,005Net Income 2018: $78,1712018Revenue 2019: $342,981Expenses 2019: $351,074Net Income 2019: -$8,0932019Revenue 2020: $267,744Expenses 2020: $236,784Net Income 2020: $30,9602020Revenue 2021: $516,977Expenses 2021: $347,789Net Income 2021: $169,1882021Revenue 2022: $409,054Expenses 2022: $423,144Net Income 2022: -$14,0902022Revenue 2023: $466,036Expenses 2023: $303,960Net Income 2023: $162,0762023Revenue 2024: $504,299Expenses 2024: $506,011Net Income 2024: -$1,7122024

Highlighted filing

2016

Revenue$261,808
Expenses$288,876
Net Income-$27,068
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$315,149
Mission and Program Overview

Mission

To provide post-secondary education scholarships to children of parents who have been fatally injured or seriously disabled by work related accidents or diseases.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$504,758$574,702▲ $69,944
Accounts Receivable$15,969$8,469▼ $7,500
Pledges and Grants Receivable$20$978▲ $958
Prepaid Expenses and Deferred Charges$500$0▼ $500
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$521,247$584,149▲ $62,902
Other Assets Total-$0-
Liabilities
Other Liabilities$344,000$417,250▲ $73,250
Accounts Payable and Accrued Expenses$6,285$23,005▲ $16,720
Total Liabilities$350,285$440,255▲ $89,970
Net Assets / Fund Balance
Unrestricted Net Assets$170,962$143,894▼ $27,068
Total Net Assets Fund Balance$170,962$143,894▼ $27,068
Total Liabilities and Net Assets / Fund Balance$521,247$584,149▲ $62,902
Compensation and Service Providers

Board Members and Trustees

NameTitle
David KaiserChairman
F Clayton TylerDirector
Jan MonsonDirector
Lee HookDirector
Michael HappeDirector
Mikaela WillhiteDirector
Robert LundDirector
Robert OtosDirector
SONIA O'BRIENDirector
Shannon FordDirector
Tami EvansDirector
Tom GallagherDirector
Deb ZornSecretary
Steve SandillaSecretary
Patricia JohnsonTreasurer
Terry MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$254,715
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$7,093
All Other Contributions
$98,171
Change in Net Assets
$-27,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$273,500
Other Expenses$15,376
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$273,500--$273,500
Office Expenses-$4,286-$4,286
Travel-$2,948-$2,948
Fees for Services Legal-$2,230-$2,230
Insurance-$991-$991
Other Expenses-$840-$840
Fees for Services Accounting-$833-$833
Total Functional Expenses$273,500$15,376$0$288,876
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$60,434
Fundraising Direct Expenses$53,341
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$165,546$36,446$32,230$4,216
Ladies Night Out$47,377$21,913$19,131$2,782
Total Events$212,923$58,359$51,361$6,998
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarships Payable-net of Allowance$417,250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

The Chairman & Treasurer of the Foundation along with finance staff of SFM Insurance review the return prior to filing. A full copy of the return is available to the Board for review at their discretion prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Board Secretary is responsible for maintaining the monitoring of the conflict of interest policy. The conflict of interest statement is reviewed & updated annually & signed by all officers & directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies & financial statements are made available for public inspection upon request to the organization.

Filing and Contact Details

Filer

Filer Name
Sfm Foundation
EIN
26-2723684
Phone
9528384200
Address
3500 AMERICAN BLVD WEST, BLOOMINGTON, MN 55431

Signing Officer

Name
Patricia Johnson
Title
Treasurer
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Kaiser
Formed
2008
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
47

Preparer

Firm
Petersen Professionals PC
Address
4915 West 35th St Suite 201, St Louis Park, MN 55416
Preparer
Stacey R Petersen CPA
Phone
9527673212
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IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0991
IRS990/InsuranceGrp/TotalAmt0991
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MN
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE POST-SECONDARY EDUCATION SCHOLARSHIPS TO CHILDREN OF PARENTS WHO HAVE BEEN FATALLY INJURED OR SERIOUSLY DISABLED BY WORK RELATED ACCIDENTS OR DISEASES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0170962
IRS990/NetAssetsOrFundBalancesEOYAmt0143894
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt07093
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt07093
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt016444
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04286
IRS990/OfficeExpensesGrp/TotalAmt04286
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02248
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2840
IRS990/OtherExpensesGrp/TotalAmt02248
IRS990/OtherExpensesGrp/TotalAmt11000
IRS990/OtherExpensesGrp/TotalAmt2840
IRS990/OtherLiabilitiesGrp/BOYAmt0344000
IRS990/OtherLiabilitiesGrp/EOYAmt0417250
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0978
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DAVID KAISER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0203285
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0234750
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt012461
IRS990/PYOtherRevenueAmt02648
IRS990/PYRevenuesLessExpensesAmt0-41643
IRS990/PYSalariesCompEmpBnftPaidAmt0365
IRS990/PYTotalExpensesAmt0247576
IRS990/PYTotalRevenueAmt0205933
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-27068
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0254715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0203285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0211206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0163142
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0137476
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0969824
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62300
IRS990ScheduleA/PublicSupportPY170Pct00.58990
IRS990ScheduleA/PublicSupportTotal170Amt0626107
IRS990ScheduleA/SubstantialContributorsTotAmt0343717
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0254715
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0203285
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0211206
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0163142
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0137476
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0969824
IRS990ScheduleA/TotalSupportAmt01004997
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt07093
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt02648
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt04542
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt08166
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt012724
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt035173
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/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0417250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SCHOLARSHIPS PAYABLE-NET OF ALLOWANCE
IRS990ScheduleD/TotalLiabilityAmt0417250
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0154564
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0129100
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt025464
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt051361
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0LADIES NIGHT OUT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.82$0.53$0.50$0.51$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.68$0.53$0.47$0.30$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.70$0.37$0.41$0.42$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.59$0.38$0.52$0.35$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.51$0.22$0.27$0.24$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.55$0.18$0.34$0.35$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.47$0.19$0.27$0.20$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.52$0.11$0.28$0.31$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.58$0.44$0.14$0.26$0.29$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.35$0.17$0.21$0.25$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.46$0.25$0.21$0.22$0.14$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.37$0.23$0.14$0.17$0.16$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.16$0.12$0.15$0.10$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.12$0.07$0.09$0.05$0.04