Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.72x
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
35th percentile
Higher top officer pay than 35% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
98th percentile
Faster revenue growth than 98% of similar nonprofits.
Balance Sheet
Assets
Up$3,215,205
Up $2,632,226 (+452%) from 2014
Net Assets
Up$900,814
Up $317,835 (+55%) from 2014
Liabilities
Up$2,314,391
Up $2,314,391 from 2014
Revenue And Expenses
Revenue
Up$675,296
Up $529,401 (+363%) from 2014
Expenses
Up$357,461
Up $357,461 from 2014
Net Income
Up$317,835
Up $171,940 (+118%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Apr 26, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $675,296
Mission and Program Overview
Mission
To sustain, stimulate, and revitalize economic development and services for the residents of Trimont, Minnesota and the surrounding area.
To provide a local community grocery store which was previously lacking for the residents of trimont, minnesota, and the surrounding area, which profits will be utilized to sustain, stimulate and revitalize economic development and services for the residents of trimont, minnesota, and the surrounding area.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $0 | $2,776,235 | ▲ $2,776,235 |
| Inventories for Sale or Use | $0 | $189,930 | ▲ $189,930 |
| Cash and Non-Interest-Bearing Accounts | $582,979 | $110,140 | ▼ $472,839 |
| Accounts Receivable | $0 | $81,132 | ▲ $81,132 |
| Intangible Assets | $0 | $53,000 | ▲ $53,000 |
| Prepaid Expenses and Deferred Charges | $0 | $4,768 | ▲ $4,768 |
| Total Assets | $582,979 | $3,215,205 | ▲ $2,632,226 |
| Liabilities | |||
| Other Liabilities | $0 | $2,263,448 | ▲ $2,263,448 |
| Accounts Payable and Accrued Expenses | $0 | $50,943 | ▲ $50,943 |
| Total Liabilities | $0 | $2,314,391 | ▲ $2,314,391 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $582,979 | $900,814 | ▲ $317,835 |
| Total Net Assets Fund Balance | $582,979 | $900,814 | ▲ $317,835 |
| Total Liabilities and Net Assets / Fund Balance | $582,979 | $3,215,205 | ▲ $2,632,226 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,548,370 | $6,479 | $1,554,849 |
| Equipment | $835,937 | $11,847 | $847,784 |
| Other Land Buildings | $228,928 | $1,924 | $230,852 |
| Land | $163,000 | - | $163,000 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Joel Rabbe | President |
| Gerald Mcgee | Vice President |
| Donald Rudolph | Director |
| Mark Sandberg | Director |
| Bernard Semanko | Secretary / Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $407,606
- Program Service Revenue
- $264,350
- Investment Income
- $0
- Other Revenue
- $3,340
- All Other Contributions
- $407,606
- Change in Net Assets
- $317,835
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $287,575 |
| Salaries, Compensation, and Employee Benefits | $69,886 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $62,843 | - | - | $62,843 |
| All Other Expenses | $25,895 | - | - | $25,895 |
| Depreciation Depletion | $20,249 | - | - | $20,249 |
| Other Expenses | $13,609 | - | - | $13,609 |
| Interest | $6,924 | - | - | $6,924 |
| Payroll Taxes | $6,288 | - | - | $6,288 |
| Fees for Services Accounting | $2,005 | - | - | $2,005 |
| Insurance | $1,875 | - | - | $1,875 |
| Other Employee Benefits | $755 | - | - | $755 |
| Advertising | $-874 | - | - | $-874 |
| Total Functional Expenses | $357,461 | $0 | $0 | $357,461 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Long-term Debt | $2,246,063 |
| Wages Payable | $7,557 |
| Sales & Use Tax Payable | $5,955 |
| Payroll Taxes Payable | $3,873 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- 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
- Yes
- 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 8B
“The organization did not have any committees with the authority to act on behalf of the board of directors during the tax year.”
Form 990, Part VI, Section B, Line 11
“The form 990 will be reviewed and provided to the board of directors prior to filing with the irs.”
Form 990, Part VI, Section B, Line 12C
“The conflict of interest policy applies to the board members and other individuals that have influence over the organization. Transactions with parties with whom a conflict of interest exists may be undertaken only if all of the following are observed: 1) the conflicting interest is fully disclosed; 2) the person with the conflict of interest is excluded from the discussion and the vote to approve such transaction; 3) a competitive bid or comparable evaluation exists; and 4) the board [or a duly constituted committee thereof] has determined that the transaction is in the best interest of the organization. Disclosure in the organization should be made to the executive director who shall bring the matter to the attention of the board [or a duly constituted committee thereof]. Disclosure involving members of the board of directors should be made to the board chair, or if s/he is the one with the conflict, to the board vice chair who shall bring these matters to the board [or a duly constituted committee thereof]. The board [or duly constituted committee thereof] shall determine if a conflict exists and the in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair and reasonable to the organization. Proceedings for conflicts of interest are documented in the meeting minutes or as otherwise appropriate.”
Form 990, Part VI, Section C, Line 19
“The organization makes its governing documents, conflicts of interest policy and financial statements available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Town Center Inc
- EIN
- 27-3061255
- Phone
- 5077368405
- Address
- PO BOX 6, TRIMONT, MN 56176-0329
Signing Officer
- Name
- Joel Rabbe
- Title
- President
- Phone
- 5077368405
- Signed
- 2016-04-26
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Joel Rabbe
- Formed
- 2010
- Legal Domicile
- Mn
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 25
- Volunteers
- 5
Preparer
- Firm
- Supervalu Inc
- Address
- 101 JEFFERSON AVENUE SOUTH, HOPKINS, MN 55343
- Preparer
- Hilary Umhoefer CPA
- Phone
- 9529322016
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 2
“To provide a local community grocery store which was previously lacking for the residents of trimont, minnesota, and the surrounding area, which profits will be utilized to sustain, stimulate and revitalize economic development and services for the residents of trimont, minnesota, and the surrounding area.”
Raw XML Appendix384 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 50943 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 81132 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE A LOCAL COMMUNITY GROCERY STORE WHICH WAS PREVIOUSLY LACKING FOR THE RESIDENTS OF TRIMONT, MINNESOTA, AND THE SURROUNDING AREA, WHICH PROFITS WILL BE UTILIZED TO SUSTAIN, STIMULATE AND REVITALIZE ECONOMIC DEVELOPMENT AND SERVICES FOR THE RESIDENTS OF TRIMONT, MINNESOTA, AND THE SURROUNDING AREA. |
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| IRS990/AdvertisingGrp/TotalAmt | 0 | -874 |
| IRS990/AllOtherContributionsAmt | 0 | 407606 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 25895 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 25895 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | JOEL RABBE |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5077362004 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 6 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | TRIMONT |
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| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 561760329 |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 110140 |
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| IRS990/CYTotalExpensesAmt | 0 | 357461 |
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| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 675296 |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 20249 |
| IRS990/Desc | 0 | THE ORGANIZATION OPENED A GROCERY STORE IN TRIMONT, MINNESOTA IN NOVEMBER, 2015, WHICH PROFITS ARE USED TO SUSTAIN, STIMULATE AND REVITALIZE ECONOMIC DEVELOPMENT AND SERVICES FOR THE RESIDENTS OF TRIMONT, MINNESOTA, AND THE SURROUNDING AREA. PREVIOUSLY THERE GREATLY LACKED GROCERY STORE OPTIONS FOR THE RESIDENTS OF TRIMONT, MINNESOTA. THE ORGANIZATION CONTINUED FUNDRAISING DURING THE TAX YEAR AND PLANNING FOR PROGRAM ACTIVITIES TO SUSTAIN, STIMULATE AND REVITALIZE ECONOMIC DEVELOPMENT AND SERVICES FOR THE RESIDENTS OF TRIMONT, MINNESOTA, AND THE SURROUNDING AREA. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 25 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 357461 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 2005 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 2005 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JOEL RABBE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | GERALD MCGEE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | BERNARD SEMANKO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DONALD RUDOLPH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MARK SANDBERG |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY / TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2010 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 675296 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
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| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
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| IRS990/InsuranceGrp/TotalAmt | 0 | 1875 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 53000 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 6924 |
| IRS990/InterestGrp/TotalAmt | 0 | 6924 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 189930 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 20250 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 2776235 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 2796485 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROVIDE A LOCAL COMMUNITY GROCERY STORE WHICH WAS PREVIOUSLY LACKING FOR THE RESIDENTS OF TRIMONT, MINNESOTA, AND THE SURROUNDING AREA, WHICH PROFITS WILL BE UTILIZED TO SUSTAIN, STIMULATE AND REVITALIZE ECONOMIC DEVELOPMENT AND SERVICES FOR THE RESIDENTS OF TRIMONT, MINNESOTA, AND THE SURROUNDING AREA. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 582979 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 900814 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 755 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 755 |
| IRS990/OtherExpensesGrp/Desc | 0 | PURCHASES IN COGS |
| IRS990/OtherExpensesGrp/Desc | 1 | FREIGHT |
| IRS990/OtherExpensesGrp/Desc | 2 | SUPPLIES |
| IRS990/OtherExpensesGrp/Desc | 3 | SUNDRY EXPENSE |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 178591 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 23186 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 16115 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 13609 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 178591 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 23186 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 16115 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 13609 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 2263448 |
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| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 445100 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | LOTTERY INCOME |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | COUPON INCOME |
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| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 2 |
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| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 62843 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 6288 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 6288 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 4768 |
| IRS990/PrincipalOfficerNm | 0 | JOEL RABBE |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 264350 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 145895 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 0 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 145895 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 0 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 145895 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 317835 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 675296 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt | 0 | 2500 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt | 0 | 30000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt | 0 | 50000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 82500 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 407606 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 145895 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 377084 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 60000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 990585 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.71460 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 707835 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 55250 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 172500 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 55000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 282750 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt | 0 | 52750 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt | 0 | 142500 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt | 0 | 5000 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 200250 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 407606 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 145895 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 377084 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 60000 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 990585 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 407606 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 145895 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 377084 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 60000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 990585 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 1548370 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 6479 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1554849 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 835937 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 11847 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 847784 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 163000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 163000 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 228928 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 1924 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 230852 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 7557 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 3873 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 5955 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 2246063 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | WAGES PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | PAYROLL TAXES PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | SALES & USE TAX PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | LONG-TERM DEBT |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 2776235 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 2263448 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | TO PROVIDE A LOCAL COMMUNITY GROCERY STORE WHICH WAS PREVIOUSLY LACKING FOR THE RESIDENTS OF TRIMONT, MINNESOTA, AND THE SURROUNDING AREA, WHICH PROFITS WILL BE UTILIZED TO SUSTAIN, STIMULATE AND REVITALIZE ECONOMIC DEVELOPMENT AND SERVICES FOR THE RESIDENTS OF TRIMONT, MINNESOTA, AND THE SURROUNDING AREA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION DID NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS DURING THE TAX YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FORM 990 WILL BE REVIEWED AND PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE CONFLICT OF INTEREST POLICY APPLIES TO THE BOARD MEMBERS AND OTHER INDIVIDUALS THAT HAVE INFLUENCE OVER THE ORGANIZATION. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICT OF INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1) THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2) THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND THE VOTE TO APPROVE SUCH TRANSACTION; 3) A COMPETITIVE BID OR COMPARABLE EVALUATION EXISTS; AND 4) THE BOARD [OR A DULY CONSTITUTED COMMITTEE THEREOF] HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE EXECUTIVE DIRECTOR WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD [OR A DULY CONSTITUTED COMMITTEE THEREOF]. DISCLOSURE INVOLVING MEMBERS OF THE BOARD OF DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, OR IF S/HE IS THE ONE WITH THE CONFLICT, TO THE BOARD VICE CHAIR WHO SHALL BRING THESE MATTERS TO THE BOARD [OR A DULY CONSTITUTED COMMITTEE THEREOF]. THE BOARD [OR DULY CONSTITUTED COMMITTEE THEREOF] SHALL DETERMINE IF A CONFLICT EXISTS AND THE IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR AND REASONABLE TO THE ORGANIZATION. PROCEEDINGS FOR CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 1 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 582979 |
| IRS990/TotalAssetsEOYAmt | 0 | 3215205 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 582979 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 3215205 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 407606 |
| IRS990/TotalEmployeeCnt | 0 | 25 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 357461 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 357461 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 2314391 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 2314391 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 582979 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 900814 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 357461 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 264350 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 267690 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 675296 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 5 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 582979 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 3215205 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 582979 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 900814 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | PO BOX 6 |
| IRS990/USAddress/CityNm | 0 | TRIMONT |
| IRS990/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/USAddress/ZIPCd | 0 | 561760329 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2016-09-27 15:27:22Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOEL RABBE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5077368405 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-04-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | TOWN CENTER INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | TOWN |
| ReturnHeader/Filer/EIN | 0 | 273061255 |
| ReturnHeader/Filer/PhoneNum | 0 | 5077368405 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 6 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | TRIMONT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 561760329 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 410617000 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SUPERVALU INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 101 JEFFERSON AVENUE SOUTH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HOPKINS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 55343 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9529322016 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-04-26 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | HILARY UMHOEFER CPA |
| ReturnHeader/ReturnTs | 0 | 2016-05-11T11:23:11-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $3,215,205
- Liabilities
- $2,314,391
- Net assets
- $900,814
- Revenue
- $675,296
- Expenses
- $357,461
- Net income
- $317,835