Civic Intelligence

Midwest Internet Cooperative Exchange LLC

990EZ • Fiscal year 2021 • EIN 27-3681095

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 16, 2022

Organization ProfileMICEMN.NET
PO Box 583782Minneapolis, MN 55458-3782

(320) 894-3125

Siviq Scores

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

Liabilities / Assets

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)12 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)12 • <$500k nonprofits • Source year 2021

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)12 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$2,231

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2021 filings • 501(c)12 • <$500k nonprofits • Source year 2021

Asset Growth

79th percentile

13%

Faster asset growth than 79% of similar nonprofits.

2021 filings • 501(c)12 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

34%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • 501(c)12 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$320,601

Up $36,923 (+13%) from 2020

Net Assets

Up

$320,601

Up $36,923 (+13%) from 2020

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin78th percentile

Revenue

Up

$142,178

Up $35,984 (+34%) from 2020

Expenses

Up

$105,255

Up $59,846 (+132%) from 2020

Net Income

Down

$36,923

Down $23,862 (-39%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$1.0M$500K$0Assets 2019: $220,796Liabilities 2019: $0Net Assets 2019: $220,7962019Assets 2020: $283,678Net Assets 2020: $283,6782020Assets 2021: $320,601Liabilities 2021: $0Net Assets 2021: $320,6012021Assets 2022: $476,754Liabilities 2022: $0Net Assets 2022: $476,7542022Assets 2023: $728,103Liabilities 2023: $0Net Assets 2023: $728,1032023Assets 2024: $965,856Liabilities 2024: $6,250Net Assets 2024: $959,6062024

Highlighted filing

2021

Assets$320,601
Liabilities$0
Net Assets$320,601
Open 2021 Filing

Operations Trend

Revenue Growth90th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2019: $70,457Expenses 2019: $73,217Net Income 2019: -$2,7602019Revenue 2020: $106,194Expenses 2020: $45,409Net Income 2020: $60,7852020Revenue 2021: $142,178Expenses 2021: $105,255Net Income 2021: $36,9232021Revenue 2022: $196,705Expenses 2022: $40,323Net Income 2022: $156,3822022Revenue 2023: $246,021Expenses 2023: $27,854Net Income 2023: $218,1672023Revenue 2024: $307,047Expenses 2024: $75,544Net Income 2024: $231,5032024

Highlighted filing

2021

Revenue$142,178
Expenses$105,255
Net Income$36,923
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 16, 2022
Return Version
2021v4.2
Gross Receipts
$142,178
Mission and Program Overview

Mission

To improve internet connectivity, increase performance and reduce cost by keeping internet traffic local in the upper midwest.

Program Services

DescriptionGrantsExpenses
TO IMPROVE INTERNET CONNECTIVITY, INCREASE PERFORMANCE AND REDUCE COST BY KEEPING INTERNET TRAFFIC LOCAL IN THE UPPER MIDWEST.$0$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KAYLA OLSENTreasurer-$2,231-$2,231
RICHARD LAAGERDirector & Chief Manager-$0--
ANTHONY ANDERBERGDirector & Treasurer-$0--
REID FISHLERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Midwest Internet Cooperative Exchange
EIN
27-3681095
Phone
3208943125
Address
PO BOX 583782, MINNEAPOLIS, MN 55458-3782

Signing Officer

Name
Richard Laager
Title
Chief Manager
Phone
3208943125
Signed
2022-09-16
Discuss with paid preparer
Yes

Preparer

Firm
Olsen Thielen & Co Ltd
Address
2675 LONG LAKE ROAD, ROSEVILLE, MN 55113-1117
Preparer
Ryan Vettrus CPA
Phone
6514834521
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: computer & it. Amount: 49. Description: bank fees. Amount: 67. Description: marketing. Amount: 1,333. Description: depreciation. Amount: 43,031. Total to form 990-ez, line 16: 44,480.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 4,000. Description: other assets. Beg. Of year amount: 2,735. End of year amount: 0. Description: other depreciable assets. Beg. Of year amount: 0. End of year amount: 29,815.”

Raw XML Appendix120 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990EZ/BooksInCareOfDetail/PhoneNum03208943125
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 583782
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MINNEAPOLIS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0554583782
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0280943
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0286786
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0100
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt036923
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01220
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0283678
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0320601
IRS990EZ/GrossReceiptsAmt0142178
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0283678
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0320601
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0283678
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0320601
IRS990EZ/OccupancyRentUtltsAndMaintAmt057324
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt04.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt13.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt33.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt12231
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RICHARD LAAGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KAYLA OLSEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ANTHONY ANDERBERG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3REID FISHLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR & CHIEF MANAGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR & TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt02735
IRS990EZ/OtherAssetsTotalDetail/EOYAmt033815
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt044480
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO IMPROVE INTERNET CONNECTIVITY, INCREASE PERFORMANCE AND REDUCE COST BY KEEPING INTERNET TRAFFIC LOCAL IN THE UPPER MIDWEST.
IRS990EZ/ProgramServiceRevenueAmt0142078
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO IMPROVE INTERNET CONNECTIVITY, INCREASE PERFORMANCE AND REDUCE COST BY KEEPING INTERNET TRAFFIC LOCAL IN THE UPPER MIDWEST.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt02231
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt0105255
IRS990EZ/TotalRevenueAmt0142178
IRS990EZ/TypeOfOrganizationOtherDesc0COOPERATIVE
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0MICEMN.NET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: COMPUTER & IT. AMOUNT: 49. DESCRIPTION: BANK FEES. AMOUNT: 67. DESCRIPTION: MARKETING. AMOUNT: 1,333. DESCRIPTION: DEPRECIATION. AMOUNT: 43,031. TOTAL TO FORM 990-EZ, LINE 16: 44,480.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 4,000. DESCRIPTION: OTHER ASSETS. BEG. OF YEAR AMOUNT: 2,735. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 29,815.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD LAAGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03208943125
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDWEST INTERNET COOPERATIVE EXCHANGE
ReturnHeader/Filer/BusinessNameControlTxt0MIDW
ReturnHeader/Filer/EIN0273681095
ReturnHeader/Filer/PhoneNum03208943125
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 583782
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0554583782
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411360831
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OLSEN THIELEN & CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02675 LONG LAKE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROSEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0551131117
ReturnHeader/PreparerPersonGrp/PhoneNum06514834521
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN VETTRUS CPA
ReturnHeader/ReturnTs02022-09-23T15:17:00-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICHARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LAAGER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$320,601
Liabilities
$0
Net assets
$320,601
Revenue
$142,178
Expenses
$105,255
Net income
$36,923
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.66$0.06$9.60$3.07$0.76$2.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.28$0.00$7.28$2.46$0.28$2.18
2022Detailed filing. Detailed filing data is available for this year.$4.77$0.00$4.77$1.97$0.40$1.56
2021Detailed filing. Detailed filing data is available for this year.$3.21$0.00$3.21$1.42$1.05$0.37
2020Detailed filing. Detailed filing data is available for this year.$2.84$2.84$1.06$0.45$0.61
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.00$2.21$0.70$0.73$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)12 • <$500k nonprofits