Civic Intelligence

Minnesota West Foundation

990 • Fiscal year 2017 • EIN 36-3266500

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 14, 2017

1011 First Street WestCanby, MN 56220

(507) 223-1317

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

36th percentile

0.05x

Higher debt load relative to revenue than 36% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

12th percentile

-9.2%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

40%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,188,162

Down $120,045 (-9.2%) from 2016

Net Assets

Down

$1,165,514

Down $104,930 (-8.3%) from 2016

Liabilities

Down

$22,648

Down $15,115 (-40%) from 2016

Revenue

Up

$492,350

Up $140,573 (+40%) from 2016

Expenses

Up

$557,936

Up $271,238 (+95%) from 2016

Net Income

Down

-$65,586

Down $130,665 (-201%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $1,168,199Liabilities 2014: $710Net Assets 2014: $1,167,4892014Assets 2016: $1,308,207Liabilities 2016: $37,763Net Assets 2016: $1,270,4442016Assets 2017: $1,188,162Liabilities 2017: $22,648Net Assets 2017: $1,165,5142017Assets 2018: $1,277,702Liabilities 2018: $40,842Net Assets 2018: $1,236,8602018Assets 2019: $1,245,779Liabilities 2019: $20,685Net Assets 2019: $1,225,0942019Assets 2020: $1,243,646Liabilities 2020: $26,243Net Assets 2020: $1,217,4032020Assets 2021: $1,323,251Liabilities 2021: $45,651Net Assets 2021: $1,277,6002021Assets 2022: $1,301,465Liabilities 2022: $29,625Net Assets 2022: $1,271,8402022Assets 2023: $1,389,299Liabilities 2023: $21,505Net Assets 2023: $1,367,7942023Assets 2024: $1,458,523Liabilities 2024: $30,534Net Assets 2024: $1,427,9892024

Highlighted filing

2017

Assets$1,188,162
Liabilities$22,648
Net Assets$1,165,514

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $197,099Expenses 2014: $310,344Net Income 2014: -$113,2452014Revenue 2016: $351,777Expenses 2016: $286,698Net Income 2016: $65,0792016Revenue 2017: $492,350Expenses 2017: $557,936Net Income 2017: -$65,5862017Revenue 2018: $835,508Expenses 2018: $724,387Net Income 2018: $111,1212018Revenue 2019: $364,743Expenses 2019: $407,994Net Income 2019: -$43,2512019Revenue 2020: $571,299Expenses 2020: $619,968Net Income 2020: -$48,6692020Revenue 2021: $331,245Expenses 2021: $380,479Net Income 2021: -$49,2342021Revenue 2022: $859,326Expenses 2022: $648,123Net Income 2022: $211,2032022Revenue 2023: $645,817Expenses 2023: $531,644Net Income 2023: $114,1732023Revenue 2024: $544,587Expenses 2024: $561,129Net Income 2024: -$16,5422024

Highlighted filing

2017

Revenue$492,350
Expenses$557,936
Net Income-$65,586
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$678,760
Mission and Program Overview

Mission

To offer scholarships to individuals and promote development opportunities at minnesota west community college through the development of external and internal constituencies of this corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$990,556$966,880▼ $23,676
Savings and Temporary Cash Investments$69,424$70,735▲ $1,311
Cash and Non-Interest-Bearing Accounts$126,667$64,260▼ $62,407
Land, Buildings, and Equipment, Net$64,000$59,034▼ $4,966
Pledges and Grants Receivable$18,834$5,500▼ $13,334
Accounts Receivable$5,425$575▼ $4,850
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,308,207$1,188,162▼ $120,045
Other Assets Total$33,301$21,178▼ $12,123
Liabilities
Accounts Payable and Accrued Expenses$37,763$22,648▼ $15,115
Total Liabilities$37,763$22,648▼ $15,115
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,079,597$967,297▼ $112,300
Unrestricted Net Assets$122,587$129,957▲ $7,370
Permanently Rstr Net Assets$68,260$68,260→ $0
Total Net Assets Fund Balance$1,270,444$1,165,514▼ $104,930
Total Liabilities and Net Assets / Fund Balance$1,308,207$1,188,162▼ $120,045

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$49,034$230,110$279,144
Land$10,000-$10,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,147,857$398,629▲ $23,244$405,018$1,064,416
2015$994,065$286,655▲ $15,756$68,485$1,147,857
2014$859,324$272,960▲ $10,614$9,671$994,065
2013$875,905$165,262-$114,360$859,324
2012$796,971$288,039-$126,292$875,905
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin PaulsenChairman
Harry DavisDirector
Larry GriffinDirector
Rita ChristiansonDirector
Rick DalrympleSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$269,296
Program Service Revenue
$0
Investment Income
$127,127
Other Revenue
$95,927
All Other Contributions
$269,296
Change in Net Assets
$-65,586

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$129,869Fair Market Value (FMV)
Other Non Cash Contri Table1$15,732Fair Market Value (FMV)
Other Non Cash Contri Table1$8,000Fair Market Value (FMV)
Other Non Cash Contri Table1$5,400Fair Market Value (FMV)
Other Non Cash Contri Table1$4,275Fair Market Value (FMV)
Other Non Cash Contri Table1$4,107Fair Market Value (FMV)
Other Non Cash Contri Table1$3,600Fair Market Value (FMV)
Other Non Cash Contri Table1$2,560Fair Market Value (FMV)
Other Non Cash Contri Table1$2,500Fair Market Value (FMV)
Other Non Cash Contri Table1$2,490Fair Market Value (FMV)
Other Non Cash Contri Table1$2,100Fair Market Value (FMV)
Other Non Cash Contri Table1$1,200Fair Market Value (FMV)
Other Non Cash Contri Table1$317Fair Market Value (FMV)
Total Noncash Contributions13$182,150-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$418,805
Other Expenses$139,131
Total Fundraising Expense$13,259
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$319,110--$319,110
Grants to Domestic Individuals$99,695--$99,695
Depreciation Depletion$14,110--$14,110
Fees for Services Accounting-$10,000-$10,000
Fees for Service Investment Mgmnt Fees$7,778--$7,778
All Other Expenses$602$1,409$2,844$4,855
Travel$3,720--$3,720
Other Expenses$2,553$3,274$10,415$3,274
Insurance$1,356--$1,356
Office Expenses$854--$854
Fees for Services Legal$25--$25
Total Functional Expenses$449,803$94,874$13,259$557,936
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minnesota West CollegeGranite Falls, MN-Support programs$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,906
Fundraising Direct Expenses$10,781
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$7,982$7,982$830$7,152
Total Events$7,982$7,982$1,428$6,554
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

The financial statements and tax returns are submitted to the Board of Directors for review and approval, which may or may not occur prior to the filing of the completed tax returns.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Minnesota West Foundation
EIN
36-3266500
Phone
5072231317
Address
1011 First Street West, Canby, MN 56220

Signing Officer

Name
Michael Van Keulen
Title
Foundation Director
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1983
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Kinner & Company Ltd
Address
404 3rd Ave PO Box 690, Brookings, SD 57006
Preparer
Nathan Kinner
Phone
6056922515
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