Civic Intelligence

Waconia Choir Boosters

990 • Fiscal year 2015 • EIN 36-3465785

Jun 01, 2014 to May 31, 2015 • Filed on Sep 25, 2015

1400 Community DriveWaconia, MN 55387

(952) 442-0668

Siviq Scores

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

Liabilities / Assets

86th percentile

0.35x

Higher debt load relative to assets than 86% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

87th percentile

0.20x

Higher debt load relative to revenue than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

19th percentile

-22%

Faster asset growth than 19% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

-6.0%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$153,029

Down $42,130 (-22%) from 2014

Net Assets

Down

$99,511

Down $33,454 (-25%) from 2014

Liabilities

Down

$53,518

Down $8,676 (-14%) from 2014

Revenue

Down

$266,494

Down $17,034 (-6.0%) from 2014

Expenses

Up

$299,948

Up $22,606 (+8.2%) from 2014

Net Income

Down

-$33,454

Down $39,640 (-641%) from 2014

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $90,593Liabilities 2011: $26,465Net Assets 2011: $64,1282011Assets 2012: $131,307Liabilities 2012: $36,922Net Assets 2012: $94,3852012Assets 2013: $169,900Liabilities 2013: $43,121Net Assets 2013: $126,7792013Assets 2014: $195,159Liabilities 2014: $62,194Net Assets 2014: $132,9652014Assets 2015: $153,029Liabilities 2015: $53,518Net Assets 2015: $99,5112015Assets 2016: $145,012Liabilities 2016: $54,581Net Assets 2016: $90,4312016Assets 2017: $141,965Liabilities 2017: $68,209Net Assets 2017: $73,7562017Assets 2018: $167,310Liabilities 2018: $87,058Net Assets 2018: $80,2522018Assets 2019: $171,710Liabilities 2019: $82,366Net Assets 2019: $89,3442019Assets 2020: $173,203Liabilities 2020: $51,530Net Assets 2020: $121,6732020Assets 2021: $145,713Liabilities 2021: $66,167Net Assets 2021: $79,5462021Assets 2022: $138,404Liabilities 2022: $2,645Net Assets 2022: $135,7592022Assets 2023: $165,075Liabilities 2023: $60,736Net Assets 2023: $104,3392023Assets 2024: $195,353Liabilities 2024: $250Net Assets 2024: $195,1032024Assets 2025: $157,281Liabilities 2025: $259Net Assets 2025: $157,0222025

Highlighted filing

2015

Assets$153,029
Liabilities$53,518
Net Assets$99,511

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $224,8692011Expenses 2012: $232,6622012Expenses 2013: $301,6232013Revenue 2014: $283,528Expenses 2014: $277,342Net Income 2014: $6,1862014Revenue 2015: $266,494Expenses 2015: $299,948Net Income 2015: -$33,4542015Revenue 2016: $354,525Expenses 2016: $363,605Net Income 2016: -$9,0802016Revenue 2017: $318,048Expenses 2017: $334,723Net Income 2017: -$16,6752017Revenue 2018: $324,789Expenses 2018: $318,293Net Income 2018: $6,4962018Revenue 2019: $163,149Expenses 2019: $154,057Net Income 2019: $9,0922019Revenue 2020: $157,650Expenses 2020: $125,321Net Income 2020: $32,3292020Revenue 2021: -$3,605Expenses 2021: $38,522Net Income 2021: -$42,1272021Revenue 2022: $105,167Expenses 2022: $132,498Net Income 2022: -$27,3312022Revenue 2023: $157,621Expenses 2023: $128,499Net Income 2023: $29,1222023Revenue 2024: $154,780Expenses 2024: $124,556Net Income 2024: $30,2242024Revenue 2025: $72,775Expenses 2025: $110,856Net Income 2025: -$38,0812025

Highlighted filing

2015

Revenue$266,494
Expenses$299,948
Net Income-$33,454
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Sep 25, 2015
Return Version
2014v5.0
Gross Receipts
$289,835
Mission and Program Overview

Mission

To promote and enhance the waconia high school choir and its activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$181,438$143,316▼ $38,122
Land, Buildings, and Equipment, Net$13,121$9,290▼ $3,831
Inventories for Sale or Use$600$423▼ $177
Total Assets$195,159$153,029▼ $42,130
Liabilities
Other Liabilities$51,891$52,360▲ $469
Accounts Payable and Accrued Expenses$10,303$1,158▼ $9,145
Total Liabilities$62,194$53,518▼ $8,676
Net Assets / Fund Balance
Unrestricted Net Assets$132,965$99,511▼ $33,454
Total Net Assets Fund Balance$132,965$99,511▼ $33,454
Total Liabilities and Net Assets / Fund Balance$195,159$153,029▼ $42,130

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,290$27,633$36,923
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$36,822
Program Service Revenue
$202,545
Investment Income
$0
Other Revenue
$27,127
All Other Contributions
$20,971
Change in Net Assets
$-33,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,948
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
Travel$65,341--$65,341
Fees for Services Other$32,007--$32,007
Other Expenses$15,628--$15,628
Office Expenses$7,405$6,968-$14,373
Conferences and Meetings$7,923--$7,923
Depreciation Depletion$3,831--$3,831
Advertising$125--$125
Total Functional Expenses$292,980$6,968$0$299,948
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,468
Fundraising Direct Expenses$23,341
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Clubs Choice$16,962$16,962$14,084$2,878
Spaghetti Dinne$13,495$13,495$1,727$11,768
Total Events$45,077$45,077$18,629$26,448
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student Accounts$52,360
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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, Page 6, Part VI, Line 6

The organization does have members as they have in the past; however, this answer was answered no in the past in error.

Form 990, Page 6, Part VI, Line 7A

The organization has members who have the power to elect or appoint one or more members of the governing body as they have in the past; however, this question was answered no in the past in error.

Form 990, Page 6, Part VI, Line 11B

Form 990 is presented to the board at a meeting before filing

Form 990, Page 6, Part VI, Line 12C

Monitored as issues arise

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Waconia Choir Boosters
EIN
36-3465785
Phone
9524420668
Address
1400 COMMUNITY DRIVE, WACONIA, MN 55387

Signing Officer

Name
Van Coloson
Title
President
Phone
9524420668
Signed
2015-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Van Colson
Formed
1986
Legal Domicile
Mn
Voting Board Members
18
Independent Board Members
18
Employees
0

Preparer

Firm
Schad Lindstrand & Schuth Ltd
Address
1721 10TH ST E, GLENCOE, MN 55336
Preparer
Mona M Platt CPA
Phone
3208646166
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Non-employee expenses 32,007 0 0

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt021922
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt030571
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt018616
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt013750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0121681
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0331981
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0307900
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0407515
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01592234
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt040
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STUDENT ACCOUNTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES HAVE MEMBERS AS THEY HAVE IN THE PAST; HOWEVER, THIS ANSWER WAS ANSWERED NO IN THE PAST IN ERROR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS WHO HAVE THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY AS THEY HAVE IN THE PAST; HOWEVER, THIS QUESTION WAS ANSWERED NO IN THE PAST IN ERROR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PRESENTED TO THE BOARD AT A MEETING BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONITORED AS ISSUES ARISE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NON-EMPLOYEE EXPENSES 32,007 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxExemptBondsInd0false
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IRS990/TotalEmployeeCnt00
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.73$1.11$0.38
2024Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$1.55$1.25$0.30
2023Detailed filing. Detailed filing data is available for this year.$1.65$0.61$1.04$1.58$1.28$0.29
2022Detailed filing. Detailed filing data is available for this year.$1.38$0.03$1.36$1.05$1.32$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.46$0.66$0.80$0.04$0.39$0.42
2020Detailed filing. Detailed filing data is available for this year.$1.73$0.52$1.22$1.58$1.25$0.32
2019Detailed filing. Detailed filing data is available for this year.$1.72$0.82$0.89$1.63$1.54$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.67$0.87$0.80$3.25$3.18$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.42$0.68$0.74$3.18$3.35$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.45$0.55$0.90$3.55$3.64$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.53$0.54$1.00$2.66$3.00$0.33
2014Detailed filing. Detailed filing data is available for this year.$1.95$0.62$1.33$2.84$2.77$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.43$1.27$3.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.37$0.94$2.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.26$0.64$2.25