Civic Intelligence

Ed Allies

990 • Fiscal year 2023 • EIN 35-2573057

Jan 01, 2023 to Dec 31, 2023 • Filed on May 22, 2024

1621 East Hennepin Avenue 295Minneapolis, MN 55414

(612) 257-5985

Siviq Scores

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

Liabilities / Assets

55th percentile

0.10x

Higher debt load relative to assets than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.16x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

81st percentile

$141,138

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

28th percentile

-6.9%

Faster revenue growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,932,507

Up $191,162 (+11%) from 2022

Net Assets

Up

$1,746,841

Up $156,683 (+9.9%) from 2022

Liabilities

Up

$185,666

Up $34,479 (+23%) from 2022

Revenue

Down

$1,176,192

Down $86,956 (-6.9%) from 2022

Expenses

Up

$1,019,509

Up $168,337 (+20%) from 2022

Net Income

Down

$156,683

Down $255,293 (-62%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $394,413Liabilities 2016: $23,344Net Assets 2016: $371,0692016Assets 2017: $402,778Liabilities 2017: $11,622Net Assets 2017: $391,1562017Assets 2020: $1,261,472Liabilities 2020: $94,423Net Assets 2020: $1,167,0492020Assets 2021: $1,351,520Liabilities 2021: $173,338Net Assets 2021: $1,178,1822021Assets 2022: $1,741,345Liabilities 2022: $151,187Net Assets 2022: $1,590,1582022Assets 2023: $1,932,507Liabilities 2023: $185,666Net Assets 2023: $1,746,8412023Assets 2024: $2,214,494Liabilities 2024: $43,051Net Assets 2024: $2,171,4432024

Highlighted filing

2023

Assets$1,932,507
Liabilities$185,666
Net Assets$1,746,841

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2016: $551,000Expenses 2016: $179,931Net Income 2016: $371,0692016Revenue 2017: $926,109Expenses 2017: $895,668Net Income 2017: $30,4412017Revenue 2020: $1,283,652Expenses 2020: $914,340Net Income 2020: $369,3122020Revenue 2021: $971,365Expenses 2021: $960,232Net Income 2021: $11,1332021Revenue 2022: $1,263,148Expenses 2022: $851,172Net Income 2022: $411,9762022Revenue 2023: $1,176,192Expenses 2023: $1,019,509Net Income 2023: $156,6832023Revenue 2024: $1,619,467Expenses 2024: $1,194,865Net Income 2024: $424,6022024

Highlighted filing

2023

Revenue$1,176,192
Expenses$1,019,509
Net Income$156,683
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 22, 2024
Return Version
2023v5.0
Gross Receipts
$1,176,192
Mission and Program Overview

Mission

EdAllies partners with schools, families, and communities to ensure that every young Minnesotan has access to a rigorous and engaging education. We advance policies that put underserved students first, remove barriers facing successful schools and programs, and foster an inclusive conversation about what's possible for students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,379,233$1,582,151▲ $202,918
Pledges and Grants Receivable$159,719$201,701▲ $41,982
Land, Buildings, and Equipment, Net$174,924$113,920▼ $61,004
Prepaid Expenses and Deferred Charges$27,469$34,735▲ $7,266
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,741,345$1,932,507▲ $191,162
Other Assets Total-$0-
Liabilities
Other Liabilities$148,165$184,766▲ $36,601
Accounts Payable and Accrued Expenses$3,022$900▼ $2,122
Total Liabilities$151,187$185,666▲ $34,479
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$954,590$1,321,430▲ $366,840
Net Assets With Donor Restrictions$635,568$425,411▼ $210,157
Total Net Assets Fund Balance$1,590,158$1,746,841▲ $156,683
Total Liabilities and Net Assets / Fund Balance$1,741,345$1,932,507▲ $191,162

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$51,437$88,025$139,462
Buildings$56,631$49,995$106,626
Other Land Buildings$5,852$6,650$12,502
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joshua CrossonExecutive DirectorFT$141,138$141,138

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,057,787
Program Service Revenue
$0
Investment Income
$37,919
Other Revenue
$80,486
All Other Contributions
$1,057,787
Change in Net Assets
$156,683

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,176,192
Total Revenue per Audited Statements
$1,176,192
Total Revenue per Form 990
$1,176,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$690,515
Other Expenses$328,994
Total Fundraising Expense$95,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$331,279$37,813$44,118$413,210
Current Officers, Directors, Trustees, and Key Employees$112,910$12,703$15,525$141,138
Fees for Services Other$94,888$33,652$4,251$132,791
Other Employee Benefits$74,075$8,424$9,947$92,446
Occupancy$38,829$4,416$5,213$48,458
Payroll Taxes$35,033$3,984$4,704$43,721
Fees for Services Accounting$23,877$8,468$1,070$33,415
Information Technology$26,036$2,961$3,496$32,493
Depreciation Depletion$19,141$2,177$2,570$23,888
Travel$15,407-$459$15,866
Office Expenses$10,704$1,184$1,399$13,287
Insurance$7,805$888$1,048$9,741
Advertising$4,676$532$628$5,836
Conferences and Meetings$4,619--$4,619
Fees for Services Management$3,176$1,126$142$4,444
Other Expenses$1,031$961$1,099$1,099
Fees for Services Legal$661$234$30$925
Total Functional Expenses$804,147$119,523$95,839$1,019,509

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,019,509
Total Expenses per Audited Statements$1,019,509
Total Expenses per Form 990$1,019,509
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds held for others$94,684
Lease Liability$61,182
Deferred lease incentive$19,267
Deffered rent, net current position$9,633
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
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 B, Line 11B

The Finance Committee will receive and review the Form 990 and recommend board approval. The board will review and approve the Form 990 prior to filing with the IRS.

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

Members shall not use their position, or the knowledge gained from association with EdAllies, in such a matter that a conflict between the interests of EdAllies and their interests arises, but is not disclosed. If such a conflict arises, the member with the conflict is expected to disclose in writing the existence of the conflict to the board chair as soon as that member is aware of the conflict. The board chair will present the conflict to the board, which will determine the appropriate method for managing the conflict. All proceedings related to conflicts of interest are documented, reviewed, and approved by the board.

Form 990, Part VI, Section B, Line 15A

Compensation from comparable non-profits of like size and geographic location, compiled based on data from recent salary surveys, is reviewed by the board prior to determining the compensation of officers, if and as needed, and the Executive Director, annually. Compensation best practice is to remain within 20 percent of the operating budget. The Executive Committee reviews the data and makes a recommendation to the full board for approval. The board approves the compensation and documents in the meeting minutes. The most recent compensation review took place in 2023 for Executive Director, Josh Crosson.

Form 990, Part VI, Section C, Line 19

This organization makes its governing documents, conflict of interest policy, and audited financial statements available upon request.

FORM 990 Part VI, Section A, Line 1

The organization has a finance committee that meets monthly with members of staff and board members. The committee is led by the current Board Treasurer.

Filing and Contact Details

Filer

Filer Name
Ed Allies
EIN
35-2573057
Phone
6122575985
Address
1621 East Hennepin Avenue 295, Minneapolis, MN 55414

Signing Officer

Name
Joshua Crosson
Title
Executive Director
Signed
2024-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Crosson
Formed
2016
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
0
Employees
10

Preparer

Firm
Future Focused Solutions
Address
4957 Vincent Ave S, Minneapolis, MN 55410
Preparer
Scott Brown
Phone
3203095662
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

This organization has a tax-exempt status section 501c3 of the internal revenue code and has adopted accounting for uncertainty in income taxes, asc 740-10. The organization's policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status. The organization continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. Its been classified as an organization that is not a private foundation under the internal revenue code and charitable contributions by donors are tax deductible. In compliance with its exempt status, the organization annually files a return of organization exempt from income tax Form 990.

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