Civic Intelligence

Duluth East High School Foundation

990EZ • Fiscal year 2018 • EIN 30-0682685

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 05, 2018

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130 W Superior St Suite 926Duluth, MN 55802

(218) 727-8030

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 2018

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2018

Net Margin

96th percentile

77%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

81st percentile

39%

Faster asset growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

15th percentile

-35%

Faster revenue growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$103,848

Up $78,728 (+313%) from 2016

Net Assets

Up

$103,848

Up $78,728 (+313%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$37,690

Up $25,914 (+220%) from 2016

Expenses

Up

$8,736

Up $3,876 (+80%) from 2016

Net Income

Up

$28,954

Up $22,038 (+319%) from 2016

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2012: $4,336Net Assets 2012: $4,3362012Assets 2013: $8,789Net Assets 2013: $8,7892013Assets 2014: $15,154Net Assets 2014: $15,1542014Assets 2015: $18,204Net Assets 2015: $18,2042015Assets 2016: $25,120Net Assets 2016: $25,1202016Assets 2018: $103,848Net Assets 2018: $103,8482018Assets 2019: $110,127Net Assets 2019: $110,1272019Assets 2021: $174,843Net Assets 2021: $174,8432021Assets 2022: $157,470Liabilities 2022: $1,500Net Assets 2022: $155,9702022Assets 2024: $191,605Net Assets 2024: $191,6052024

Highlighted filing

2018

Assets$103,848
Liabilities-
Net Assets$103,848

Operations Trend

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

$40K$20K$0-$20KRevenue 2012: $9,025Expenses 2012: $5,189Net Income 2012: $3,8362012Revenue 2013: $6,487Expenses 2013: $2,034Net Income 2013: $4,4532013Revenue 2014: $6,574Expenses 2014: $209Net Income 2014: $6,3652014Revenue 2015: $3,482Expenses 2015: $432Net Income 2015: $3,0502015Revenue 2016: $11,776Expenses 2016: $4,860Net Income 2016: $6,9162016Revenue 2018: $37,690Expenses 2018: $8,736Net Income 2018: $28,9542018Revenue 2019: $24,337Expenses 2019: $18,058Net Income 2019: $6,2792019Revenue 2021: $28,991Expenses 2021: $10,069Net Income 2021: $18,9222021Revenue 2022: $18,576Expenses 2022: $16,834Net Income 2022: $1,7422022Revenue 2024: $14,601Expenses 2024: $24,257Net Income 2024: -$9,6562024

Highlighted filing

2018

Revenue$37,690
Expenses$8,736
Net Income$28,954
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 5, 2018
Return Version
2017v2.3
Gross Receipts
$37,690
Mission and Program Overview

Mission

Duluth east high school foundation. The duluth east high school foundation was founded to enhance a world class educational experience for all east high school students by providing financial support for academics, fine arts, student activities, athletics, and campus enhancements. In the spring of 2011, a small group of alumni, parents, and staff met to discuss ways to develop a source of stable and sustainable income for east high school. Those discussions identified the need to establish a duluth east high school foundation to focus on gathering funds to enhance a world class educational experience for every student. These funds would not be tied to district budgets, any individual program, or any school administration. The nonprofit dehsf committed itself to raising funds for an endowment, the earnings of which will be dispersed to support academics, fine arts, student activities, athletics, and campus enhancements. Using a simple, streamlined process, requests for funds will be rev

Program Services

DescriptionGrantsExpenses
DONATIONS AND MEAL CHARGES WERE RECEIVED TO COVER ANNUAL FUND RAISING DINNER EVENT, MARKETING, MAILINGS AND TO ACCUMULATE ENDOWMENT AND OTHER FUNDS FOR FUTURE GRANT EXPENDITURES.-$5,162
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEN JENSENPresident-$0--
MIKE MIERNICKISecretary-$0--
GREG GOLDMANTreasurer-$0--
KARL WASSONDirector-$0--
STEVEN PATRONASDirector-$0--
JOE BERINIDirector-$0--
JEFF ENGELSGJERDVice Preside-$0--
SHERYL JENSENDirector-$0--
BRIAN PRUDHOMMEDirector-$0--
SHAWN ROEDDirector-$0--
AMY LEE KAISERDirector-$0--
DANETTE SEBOEDirector-$0--
SALLY RIESLAND SUNDEENDirector-$0--
Filing and Contact Details

Filer

Filer Name
Duluth East High School Foundation
EIN
30-0682685
Phone
2187278030
Address
130 W SUPERIOR ST SUITE 926, DULUTH, MN 55802

Signing Officer

Name
Greg Goldman
Title
Treasurer
Phone
2187278030
Signed
2018-11-05
Discuss with paid preparer
Yes

Preparer

Firm
Kolquist Seitz & Goldman LLC
Address
130 W SUPERIOR ST STE 926, DULUTH, MN 55802-2056
Preparer
Greg Goldman
Phone
2187278030
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Hall of fame dinner cost of goods sold 3,574 expenses board approved grants 4,800 signage, etc 145 state fee 25 website 192 total 8,736

Form 990-ez, Part III

Duluth east high school foundation. The duluth east high school foundation was founded to enhance a world class educational experience for all east high school students by providing financial support for academics, fine arts, student activities, athletics, and campus enhancements. In the spring of 2011, a small group of alumni, parents, and staff met to discuss ways to develop a source of stable and sustainable income for east high school. Those discussions identified the need to establish a duluth east high school foundation to focus on gathering funds to enhance a world class educational experience for every student. These funds would not be tied to district budgets, any individual program, or any school administration. The nonprofit dehsf committed itself to raising funds for an endowment, the earnings of which will be dispersed to support academics, fine arts, student activities, athletics, and campus enhancements. Using a simple, streamlined process, requests for funds will be reviewed by an allocation panel who will distribute grants for unmet needs identified by faculty, students, and administration.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0DULUTH EAST HIGH SCHOOL FOUNDATION. THE DULUTH EAST HIGH SCHOOL FOUNDATION WAS FOUNDED TO ENHANCE A WORLD CLASS EDUCATIONAL EXPERIENCE FOR ALL EAST HIGH SCHOOL STUDENTS BY PROVIDING FINANCIAL SUPPORT FOR ACADEMICS, FINE ARTS, STUDENT ACTIVITIES, ATHLETICS, AND CAMPUS ENHANCEMENTS. IN THE SPRING OF 2011, A SMALL GROUP OF ALUMNI, PARENTS, AND STAFF MET TO DISCUSS WAYS TO DEVELOP A SOURCE OF STABLE AND SUSTAINABLE INCOME FOR EAST HIGH SCHOOL. THOSE DISCUSSIONS IDENTIFIED THE NEED TO ESTABLISH A DULUTH EAST HIGH SCHOOL FOUNDATION TO FOCUS ON GATHERING FUNDS TO ENHANCE A WORLD CLASS EDUCATIONAL EXPERIENCE FOR EVERY STUDENT. THESE FUNDS WOULD NOT BE TIED TO DISTRICT BUDGETS, ANY INDIVIDUAL PROGRAM, OR ANY SCHOOL ADMINISTRATION. THE NONPROFIT DEHSF COMMITTED ITSELF TO RAISING FUNDS FOR AN ENDOWMENT, THE EARNINGS OF WHICH WILL BE DISPERSED TO SUPPORT ACADEMICS, FINE ARTS, STUDENT ACTIVITIES, ATHLETICS, AND CAMPUS ENHANCEMENTS. USING A SIMPLE, STREAMLINED PROCESS, REQUESTS FOR FUNDS WILL BE REV
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ANNUAL HALL OF FAME DINNER TICKETS 13,270
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HALL OF FAME DINNER COST OF GOODS SOLD 3,574 EXPENSES BOARD APPROVED GRANTS 4,800 SIGNAGE, ETC 145 STATE FEE 25 WEBSITE 192 TOTAL 8,736
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DULUTH EAST HIGH SCHOOL FOUNDATION. THE DULUTH EAST HIGH SCHOOL FOUNDATION WAS FOUNDED TO ENHANCE A WORLD CLASS EDUCATIONAL EXPERIENCE FOR ALL EAST HIGH SCHOOL STUDENTS BY PROVIDING FINANCIAL SUPPORT FOR ACADEMICS, FINE ARTS, STUDENT ACTIVITIES, ATHLETICS, AND CAMPUS ENHANCEMENTS. IN THE SPRING OF 2011, A SMALL GROUP OF ALUMNI, PARENTS, AND STAFF MET TO DISCUSS WAYS TO DEVELOP A SOURCE OF STABLE AND SUSTAINABLE INCOME FOR EAST HIGH SCHOOL. THOSE DISCUSSIONS IDENTIFIED THE NEED TO ESTABLISH A DULUTH EAST HIGH SCHOOL FOUNDATION TO FOCUS ON GATHERING FUNDS TO ENHANCE A WORLD CLASS EDUCATIONAL EXPERIENCE FOR EVERY STUDENT. THESE FUNDS WOULD NOT BE TIED TO DISTRICT BUDGETS, ANY INDIVIDUAL PROGRAM, OR ANY SCHOOL ADMINISTRATION. THE NONPROFIT DEHSF COMMITTED ITSELF TO RAISING FUNDS FOR AN ENDOWMENT, THE EARNINGS OF WHICH WILL BE DISPERSED TO SUPPORT ACADEMICS, FINE ARTS, STUDENT ACTIVITIES, ATHLETICS, AND CAMPUS ENHANCEMENTS. USING A SIMPLE, STREAMLINED PROCESS, REQUESTS FOR FUNDS WILL BE REVIEWED BY AN ALLOCATION PANEL WHO WILL DISTRIBUTE GRANTS FOR UNMET NEEDS IDENTIFIED BY FACULTY, STUDENTS, AND ADMINISTRATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
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