Civic Intelligence

Mesabi Range College Foundation

990 • Fiscal year 2023 • EIN 36-3297854

May 01, 2022 to Apr 30, 2023 • Filed on Jul 25, 2023

1001 W Chestnut StVirginia, MN 55792

(218) 550-2519

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

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

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

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

Asset Growth

26th percentile

-3.1%

Faster asset growth than 26% of similar nonprofits.

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

Revenue Growth

7th percentile

-46%

Faster revenue growth than 7% of similar nonprofits.

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

Assets

Down

$1,063,573

Down $34,063 (-3.1%) from 2022

Net Assets

Down

$1,063,573

Down $34,063 (-3.1%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$118,001

Down $101,771 (-46%) from 2022

Expenses

Down

$134,094

Down $36,228 (-21%) from 2022

Net Income

Down

-$16,093

Down $65,543 (-133%) from 2022

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 2012: $678,952Liabilities 2012: $2,064Net Assets 2012: $676,8882012Assets 2013: $758,610Liabilities 2013: $812Net Assets 2013: $757,7982013Assets 2014: $910,843Liabilities 2014: $851Net Assets 2014: $909,9922014Assets 2015: $879,886Liabilities 2015: $8,517Net Assets 2015: $871,3692015Assets 2016: $877,086Liabilities 2016: $567Net Assets 2016: $876,5192016Assets 2017: $969,459Liabilities 2017: $0Net Assets 2017: $969,4592017Assets 2018: $994,997Liabilities 2018: $1,630Net Assets 2018: $993,3672018Assets 2019: $1,042,086Liabilities 2019: $0Net Assets 2019: $1,042,0862019Assets 2020: $962,503Liabilities 2020: $0Net Assets 2020: $962,5032020Assets 2021: $1,216,889Liabilities 2021: $75Net Assets 2021: $1,216,8142021Assets 2022: $1,097,636Liabilities 2022: $0Net Assets 2022: $1,097,6362022Assets 2023: $1,063,573Liabilities 2023: $0Net Assets 2023: $1,063,5732023Assets 2024: $1,131,500Liabilities 2024: $0Net Assets 2024: $1,131,5002024Assets 2025: $1,402,725Liabilities 2025: $0Net Assets 2025: $1,402,7252025

Highlighted filing

2023

Assets$1,063,573
Liabilities$0
Net Assets$1,063,573

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $149,2032012Expenses 2013: $188,9352013Revenue 2014: $269,966Expenses 2014: $148,629Net Income 2014: $121,3372014Revenue 2015: $206,234Expenses 2015: $250,120Net Income 2015: -$43,8862015Revenue 2016: $220,666Expenses 2016: $181,747Net Income 2016: $38,9192016Revenue 2017: $402,384Expenses 2017: $321,563Net Income 2017: $80,8212017Revenue 2018: $263,121Expenses 2018: $242,647Net Income 2018: $20,4742018Revenue 2019: $127,580Expenses 2019: $121,246Net Income 2019: $6,3342019Revenue 2020: $132,262Expenses 2020: $164,583Net Income 2020: -$32,3212020Revenue 2021: $282,959Expenses 2021: $142,488Net Income 2021: $140,4712021Revenue 2022: $219,772Expenses 2022: $170,322Net Income 2022: $49,4502022Revenue 2023: $118,001Expenses 2023: $134,094Net Income 2023: -$16,0932023Revenue 2024: $145,450Expenses 2024: $148,940Net Income 2024: -$3,4902024Revenue 2025: $418,879Expenses 2025: $147,654Net Income 2025: $271,2252025

Highlighted filing

2023

Revenue$118,001
Expenses$134,094
Net Income-$16,093
Jump To
Filing Snapshot
Filing Period
May 1, 2022 to Apr 30, 2023
Signed
Jul 25, 2023
Return Version
2022v5.0
Gross Receipts
$486,568
Mission and Program Overview

Mission

Scholarships and grants to college students, student organizations, or student housing authority.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$895,275$650,260▼ $245,015
Savings and Temporary Cash Investments$200,675$202,886▲ $2,211
Land, Buildings, and Equipment, Net$1,686$0▼ $1,686
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$1,097,636$1,063,573▼ $34,063
Other Assets Total-$210,427-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$959,490$921,403▼ $38,087
Net Assets Without Donor Restrictions$138,146$142,170▲ $4,024
Total Net Assets Fund Balance$1,097,636$1,063,573▼ $34,063
Total Liabilities and Net Assets / Fund Balance$1,097,636$1,063,573▼ $34,063

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$7,720$7,720

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$959,490$80,623▼ $17,160-$921,403
2021$1,043,425$102,713▼ $91,485-$959,490
2020$827,518$205,660▲ $162,012-$1,043,425
2019$882,294$105,632▼ $45,001$3,307$827,518
2018$846,308$115,818▲ $9,715$16,222$882,294
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sue MedurePresident
Luke ChoppVice President
Annie Bachschneider PerkioDirector
Brenda KochevarDirector
John KlarichDirector
Kimberly PittmanDirector
Mark MuhichDirector
Shelly Mccauley JugovichDirector
Sue LongDirector
Jodi PontinenEx Officio
Mary GormanEx-officio
Thomas InforzatoEx-officio
Scott WirtanenFdn Coordinator
Gary PicekSecretary
Elizabeth PluskwikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$95,623
Program Service Revenue
$0
Investment Income
$22,378
Other Revenue
$0
All Other Contributions
$95,623
Change in Net Assets
$-16,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$115,493
Other Expenses$18,601
Total Fundraising Expense$525
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$101,550--$101,550
Grants to Domestic Orgs$13,943--$13,943
Office Expenses$6,120--$6,120
Fees for Services Accounting-$4,181-$4,181
Insurance$1,051$525$525$2,101
Depreciation Depletion$1,686--$1,686
Other Expenses$26--$26
Total Functional Expenses$128,863$4,706$525$134,094
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hibbing College FoundationHibbing, MN-Mesabi No Longer Supports This Prog$12,943
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
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
No
Backup withholding compliance
No
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
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 B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

All documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mesabi Range Foundation
EIN
36-3297854
Phone
2185502519
Address
1001 W CHESTNUT ST, VIRGINIA, MN 55792

Signing Officer

Name
Elizabeth Pluskwik
Title
Treasurer
Signed
2023-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sue Medure
Formed
1998
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Walker Giroux & Hahne LLC
Address
225 1st Street N Suite 2400, Virginia, MN 55792
Preparer
Thomas Kelly
Phone
2187494880
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.42$0.15$0.27
2024Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.15$0.15$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.12$0.13$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.22$0.17$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.28$0.14$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.13$0.16$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.13$0.12$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.26$0.24$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.40$0.32$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.22$0.18$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.87$0.21$0.25$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.27$0.15$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.00$0.76$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.00$0.68$0.15