Civic Intelligence

Sfm Foundation

990 • Fiscal year 2017 • EIN 26-2723684

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 08, 2018

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

91st percentile

0.82x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

1.86x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

62nd percentile

8.6%

Faster asset growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.9%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$634,214

Up $50,065 (+8.6%) from 2016

Net Assets

Down

$114,522

Down $29,372 (-20%) from 2016

Liabilities

Up

$519,692

Up $79,437 (+18%) from 2016

Revenue

Up

$279,889

Up $18,081 (+6.9%) from 2016

Expenses

Up

$309,261

Up $20,385 (+7.1%) from 2016

Net Income

Down

-$29,372

Down $2,304 (-8.5%) from 2016

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

2017

Assets$634,214
Liabilities$519,692
Net Assets$114,522

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

2017

Revenue$279,889
Expenses$309,261
Net Income-$29,372
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 8, 2018
Return Version
2017v2.2
Gross Receipts
$328,530
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$574,702$632,588▲ $57,886
Accounts Receivable$8,469$0▼ $8,469
Pledges and Grants Receivable$978$1,626▲ $648
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$584,149$634,214▲ $50,065
Other Assets Total-$0-
Liabilities
Other Liabilities$417,250$506,125▲ $88,875
Accounts Payable and Accrued Expenses$23,005$13,567▼ $9,438
Total Liabilities$440,255$519,692▲ $79,437
Net Assets / Fund Balance
Unrestricted Net Assets$143,894$114,522▼ $29,372
Total Net Assets Fund Balance$143,894$114,522▼ $29,372
Total Liabilities and Net Assets / Fund Balance$584,149$634,214▲ $50,065
Compensation and Service Providers

Board Members and Trustees

NameTitle
David KaiserChairman
Darrin AusmanDirector
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
Patricia JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$264,077
Program Service Revenue
$0
Investment Income
$1,817
Other Revenue
$13,995
All Other Contributions
$99,357
Change in Net Assets
$-29,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$296,500
Other Expenses$12,761
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$296,500--$296,500
Office Expenses-$3,326-$3,326
Information Technology-$2,627-$2,627
Fees for Services Other-$995-$995
Insurance-$991-$991
Fees for Services Accounting-$800-$800
Travel-$563-$563
Other Expenses-$500-$500
Total Functional Expenses$296,500$12,761$0$309,261
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$62,636
Fundraising Direct Expenses$48,641
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$180,923$41,490$33,510$7,980
Ladies Night Out$40,315$18,350$11,809$6,541
Total Events$227,356$62,636$48,641$13,995
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$506,125
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
2018-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Kaiser
Formed
2008
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
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/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/NetAssetsOrFundBalancesBOYAmt0143894
IRS990/NetAssetsOrFundBalancesEOYAmt0114522
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt013995
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt013995
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt014037
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03326
IRS990/OfficeExpensesGrp/TotalAmt03326
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Postage and Shipping
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01954
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11005
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2500
IRS990/OtherExpensesGrp/TotalAmt01954
IRS990/OtherExpensesGrp/TotalAmt11005
IRS990/OtherExpensesGrp/TotalAmt2500
IRS990/OtherLiabilitiesGrp/BOYAmt0417250
IRS990/OtherLiabilitiesGrp/EOYAmt0506125
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0978
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01626
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DAVID KAISER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0254715
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0273500
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt015376
IRS990/PYOtherRevenueAmt07093
IRS990/PYRevenuesLessExpensesAmt0-27068
IRS990/PYTotalExpensesAmt0288876
IRS990/PYTotalRevenueAmt0261808
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-29372
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/CurrentTaxYearAmt0264077
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0254715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0203285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0211206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0163142
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01096425
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01817
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01817
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65850
IRS990ScheduleA/PublicSupportPY170Pct00.62300
IRS990ScheduleA/PublicSupportTotal170Amt0747219
IRS990ScheduleA/SubstantialContributorsTotAmt0349206
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0264077
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0254715
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0203285
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0211206
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0163142
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01096425
IRS990ScheduleA/TotalSupportAmt01134686
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt013995
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt07093
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt02648
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt04542
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt08166
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt036444
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0506125
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SCHOLARSHIPS PAYABLE-NET OF ALLOWANCE
IRS990ScheduleD/TotalLiabilityAmt0506125
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0164720
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0139433
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt021965
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt03322
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt048641
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0LADIES NIGHT OUT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0180923
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt040315
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt06118
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0227356
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt041490
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt018350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt02796
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt062636
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt013995
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt03322
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt048641
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt033510
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt011809
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0true

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
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.52$0.11$0.28$0.31$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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