Civic Intelligence

Midwest Internet Cooperative Exchange LLC

990EZ • Fiscal year 2020 • EIN 27-3681095

Jan 01, 2020 to Dec 31, 2020 • Filed on May 16, 2021

Organization ProfileMICEMN.NET
511 11th Ave Sste 450Minneapolis, MN 55414

(320) 894-3125

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

97th percentile

57%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)12 • <$500k nonprofits • Source year 2020

Top Officer Pay

80th percentile

$1,680

Higher top officer pay than 80% of similar nonprofits.

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

2020 filings • 501(c)12 • <$500k nonprofits • Source year 2020

Asset Growth

91st percentile

28%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)12 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

51%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • 501(c)12 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$283,678

Up $62,882 (+28%) from 2019

Net Assets

Up

$283,678

Up $62,882 (+28%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin97th percentile

Revenue

Up

$106,194

Up $35,737 (+51%) from 2019

Expenses

Down

$45,409

Down $27,808 (-38%) from 2019

Net Income

Up

$60,785

Up $63,545 (+2302%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2020

Assets$283,678
Liabilities-
Net Assets$283,678
Open 2020 Filing

Operations Trend

Revenue Growth95th 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

2020

Revenue$106,194
Expenses$45,409
Net Income$60,785
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 16, 2021
Return Version
2020v4.0
Gross Receipts
$106,194
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.--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KAYLA OLSENTreasurer-$1,680-$1,680
RICHARD LAAGERChief Manage-$0--
Filing and Contact Details

Filer

Filer Name
Midwest Internet Cooperative
EIN
27-3681095
Phone
3208943125
Address
511 11TH AVE SSTE 450, MINNEAPOLIS, MN 55414

Signing Officer

Name
Kayla Olsen
Title
Treasurer
Phone
3208943125
Signed
2021-05-16
Discuss with paid preparer
Yes

Preparer

Firm
Greek Resource Services LLC
Address
PO BOX 1880, TUSCALOOSA, AL 35403-1880
Preparer
Elizabeth Brewer
Phone
2057587754
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I

“Depreciation of our main switch located at the 511 building in minneapolis”

Form 990-ez, Part I, Line 16

“Expenses 43,031 total 43,031”

Form 990-ez, Part II, Line 24

“0 2,735 TOTAL 0 2,735”

Form 990-ez, Part III

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

Raw XML Appendix100 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0RICHARD LAAGER
CompensationExplanation/CompensationExplanationGrp/PersonNm1KAYLA OLSEN
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0KAYLA OLSEN
IRS990EZ/BooksInCareOfDetail/PhoneNum03208943125
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt027684 MAPLE LN
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MADISON LAKE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056063
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0222893
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0280943
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0250
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt060785
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01680
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0222893
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0283678
IRS990EZ/GrossReceiptsAmt0106194
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0222893
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0283678
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0222893
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0283678
IRS990EZ/OccupancyRentUtltsAndMaintAmt0586
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt13.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt11680
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RICHARD LAAGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KAYLA OLSEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHIEF MANAGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02735
IRS990EZ/OtherExpensesTotalAmt043031
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO IMPROVE INTERNET CONNECTIVITY, INCREASE PERFORMANCE AND REDUCE COST BY KEEPING INTERNET TRAFFIC LOCAL IN THE UPPER MIDWEST.
IRS990EZ/PrintingPublicationsPostageAmt0112
IRS990EZ/ProgramServiceRevenueAmt0105944
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO IMPROVE INTERNET CONNECTIVITY, INCREASE PERFORMANCE AND REDUCE COST BY KEEPING INTERNET TRAFFIC LOCAL IN THE UPPER MIDWEST.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt045409
IRS990EZ/TotalRevenueAmt0106194
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationOtherDesc0COOPERATIVE
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0MICEMN.NET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEPRECIATION OF OUR MAIN SWITCH LOCATED AT THE 511 BUILDING IN MINNEAPOLIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES 43,031 TOTAL 43,031
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20 2,735 TOTAL 0 2,735
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO IMPROVE INTERNET CONNECTIVITY, INCREASE PERFORMANCE AND REDUCE COST BY KEEPING INTERNET TRAFFIC LOCAL IN THE UPPER MIDWEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAYLA OLSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03208943125
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDWEST INTERNET COOPERATIVE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EXCHANGE LLC
ReturnHeader/Filer/BusinessNameControlTxt0MIDW
ReturnHeader/Filer/EIN0273681095
ReturnHeader/Filer/PhoneNum03208943125
ReturnHeader/Filer/USAddress/AddressLine1Txt0511 11TH AVE SSTE 450
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055414
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREEK RESOURCE SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1880
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TUSCALOOSA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0354031880
ReturnHeader/PreparerPersonGrp/PhoneNum02057587754
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH BREWER
ReturnHeader/ReturnTs02021-05-16T12:46:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KAYLA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OLSEN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$283,678
Liabilities
-
Net assets
$283,678
Revenue
$106,194
Expenses
$45,409
Net income
$60,785
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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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