Civic Intelligence

Land O'Lakes International Development Fund

990 • Fiscal year 2015 • EIN 30-0146663

Jan 01, 2015 to Dec 31, 2015 • Filed on May 03, 2016

PO Box 64101 MS 5120St Paul, MN 55164-0101

(651) 375-5115

Siviq Scores

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

Liabilities / Assets

91st percentile

0.98x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

0.59x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

37th percentile

-0.1%

Higher net margin than 37% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

93rd percentile

54%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

6th percentile

-45%

Faster revenue growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,433,757

Up $1,197,190 (+54%) from 2014

Net Assets

Down

$56,889

Down $3,521 (-5.8%) from 2014

Liabilities

Up

$3,376,868

Up $1,200,711 (+55%) from 2014

Revenue

Down

$5,709,303

Down $4,756,390 (-45%) from 2014

Expenses

Down

$5,712,824

Down $4,751,608 (-45%) from 2014

Net Income

Down

-$3,521

Down $4,782 (-379%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $2,236,567Liabilities 2014: $2,176,157Net Assets 2014: $60,4102014Assets 2015: $3,433,757Liabilities 2015: $3,376,868Net Assets 2015: $56,8892015Assets 2016: $5,897,937Liabilities 2016: $5,865,065Net Assets 2016: $32,8722016Assets 2017: $4,463,081Liabilities 2017: $4,396,894Net Assets 2017: $66,1872017Assets 2018: $4,683,273Liabilities 2018: $4,636,056Net Assets 2018: $47,2172018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2015

Assets$3,433,757
Liabilities$3,376,868
Net Assets$56,889

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $10,465,693Expenses 2014: $10,464,432Net Income 2014: $1,2612014Revenue 2015: $5,709,303Expenses 2015: $5,712,824Net Income 2015: -$3,5212015Revenue 2016: $2,541,760Expenses 2016: $2,565,777Net Income 2016: -$24,0172016Revenue 2017: $3,527,419Expenses 2017: $3,494,104Net Income 2017: $33,3152017Revenue 2018: $3,064,404Expenses 2018: $3,083,374Net Income 2018: -$18,9702018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2015

Revenue$5,709,303
Expenses$5,712,824
Net Income-$3,521
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 3, 2016
Return Version
2015v2.1
Gross Receipts
$5,709,303
Mission and Program Overview

Mission

To implement donor-funded projects that provide global humanitarian aid to relieve poverty by providing in-kind, financial and technical assistance to communities and individuals in developing countries.

To provide global humanitarian aid to relieve poverty by providing in-kind, financial and technical assistance to communities and individuals in developing countries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$60,237$2,799,093▲ $2,738,856
Pledges and Grants Receivable$783,293$634,177▼ $149,116
Cash and Non-Interest-Bearing Accounts$1,393,037$487▼ $1,392,550
Total Assets$2,236,567$3,433,757▲ $1,197,190
Liabilities
Deferred Revenue$119,215$2,726,647▲ $2,607,432
Accounts Payable and Accrued Expenses$2,056,942$650,221▼ $1,406,721
Total Liabilities$2,176,157$3,376,868▲ $1,200,711
Net Assets / Fund Balance
Unrestricted Net Assets$60,410$56,889▼ $3,521
Total Net Assets Fund Balance$60,410$56,889▼ $3,521
Total Liabilities and Net Assets / Fund Balance$2,236,567$3,433,757▲ $1,197,190
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jon HalversonDirector - Chairman
Barry WolfishDirector
Brad BuckDirector
Peter JanzenDirector
Mary Jo RobinsonDirector-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,708,169
Program Service Revenue
$0
Investment Income
$1,134
Other Revenue
$0
All Other Contributions
$276,454
Change in Net Assets
$-3,521

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,709,303
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,709,303
Total Revenue per Form 990
$5,709,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,712,824
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$238,603$35,283-$273,886
Fees for Services Legal-$3,712-$3,712
Travel$1,000--$1,000
Fees for Services Accounting-$42-$42
Office Expenses-$25-$25
Total Functional Expenses$5,094,903$617,921$0$5,712,824

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,712,824
Total Expenses per Audited Statements$5,712,824
Total Expenses per Form 990$5,712,824
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Section A, Line 6

Land o'lakes inc, a cooperative association, is the sole member of land o'lakes international development fund.

Form 990, Part VI, Section A, Line 7A

Land o'lakes inc appoints members of the board of directors.

Form 990, Part VI, Section B, Line 11

Form 990 will be reviewed and signed by an officer of land o'lakes international development fund. Upon request, form 990 is available for review by other members.

Form 990, Part VI, Section B, Line 12C

The land o'lakes code of ethics/conduct is reviewed annually.

Form 990, Part VI, Section B, Line 15

The land o'lakes international development fund has no employees of its own.

Form 990, Part VI, Section C, Line 19

The international development fund's audit report is uploaded to the us government clearing house website. Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
LAND O'LAKES INTERNATIONAL DEVELOPMENT
EIN
30-0146663
Phone
6513755115
Address
PO BOX 64101 MS 5120, ST PAUL, MN 55164-0101

Signing Officer

Name
Mary Jo Robinson
Title
Treasurer
Phone
6513755115
Signed
2016-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Jo Robinson
Formed
2002
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
2

Preparer

Firm
Olsen Thielen & Co Ltd
Address
2675 LONG LAKE ROAD, ST PAUL, MN 55113
Preparer
Linda M Nelson
Phone
6514834521
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Fin 48 (asc 740) footnote from audited financial statements: the organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code, therefore, the statements do not include a provision for income taxes. The organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on the technical merits of the positions. The organization has identified no significant income tax uncertainties. The organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the irs.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt090210
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt022622368
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05709303
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 (ASC 740) FOOTNOTE FROM AUDITED FINANCIAL STATEMENTS: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THEREFORE, THE STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE ORGANIZATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE ORGANIZATION HAS IDENTIFIED NO SIGNIFICANT INCOME TAX UNCERTAINTIES. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt05712824
IRS990ScheduleD/TotalRevenuePerForm990Amt05709303
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAND O'LAKES INC, A COOPERATIVE ASSOCIATION, IS THE SOLE MEMBER OF LAND O'LAKES INTERNATIONAL DEVELOPMENT FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LAND O'LAKES INC APPOINTS MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WILL BE REVIEWED AND SIGNED BY AN OFFICER OF LAND O'LAKES INTERNATIONAL DEVELOPMENT FUND. UPON REQUEST, FORM 990 IS AVAILABLE FOR REVIEW BY OTHER MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE LAND O'LAKES CODE OF ETHICS/CONDUCT IS REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE LAND O'LAKES INTERNATIONAL DEVELOPMENT FUND HAS NO EMPLOYEES OF ITS OWN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE INTERNATIONAL DEVELOPMENT FUND'S AUDIT REPORT IS UPLOADED TO THE US GOVERNMENT CLEARING HOUSE WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0AGRIGULTURAL COOPERATIVE-FOOD & DAIRY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LAND O'LAKES INC
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
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IRS990/TotalLiabilitiesEOYAmt03376868
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IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03433757
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01000
IRS990/TravelGrp/TotalAmt01000
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IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WebsiteAddressTxt0WWW.LANDOLAKES.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY JO ROBINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06513755115
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAND O'LAKES INTERNATIONAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND
ReturnHeader/Filer/BusinessNameControlTxt0LAND
ReturnHeader/Filer/EIN0300146663
ReturnHeader/Filer/PhoneNum06513755115
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 64101 MS 5120
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0551640101
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411360831

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