Civic Intelligence

Austin Community Charitable Fund

990 • Fiscal year 2018 • EIN 36-3487772

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization ProfileN/A
329 North Main Street Suite 106LAustin, MN 55912

(507) 433-9495

Siviq Scores

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

Liabilities / Assets

87th percentile

0.74x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

0.80x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

14th percentile

-18%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

95th percentile

99%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

191%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$1,358,463

Up $676,631 (+99%) from 2017

Net Assets

Down

$350,059

Down $233,126 (-40%) from 2017

Liabilities

Up

$1,008,404

Up $909,757 (+922%) from 2017

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin14th percentile

Revenue

Up

$1,265,875

Up $831,353 (+191%) from 2017

Expenses

Up

$1,499,001

Up $1,339,043 (+837%) from 2017

Net Income

Down

-$233,126

Down $507,690 (-185%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $199,670Liabilities 2010: $2,874Net Assets 2010: $196,7962010Assets 2011: $227,243Liabilities 2011: $31,663Net Assets 2011: $195,5802011Assets 2012: $247,709Liabilities 2012: $60,970Net Assets 2012: $186,7392012Assets 2013: $307,029Liabilities 2013: $32,696Net Assets 2013: $274,3332013Assets 2014: $259,299Liabilities 2014: $64,168Net Assets 2014: $195,1312014Assets 2015: $203,946Liabilities 2015: $28,069Net Assets 2015: $175,8772015Assets 2016: $415,804Liabilities 2016: $70,214Net Assets 2016: $345,5902016Assets 2017: $681,832Liabilities 2017: $98,647Net Assets 2017: $583,1852017Assets 2018: $1,358,463Liabilities 2018: $1,008,404Net Assets 2018: $350,0592018Assets 2019: $1,173,436Liabilities 2019: $6,187Net Assets 2019: $1,167,2492019Assets 2020: $700,845Liabilities 2020: $0Net Assets 2020: $700,8452020Assets 2021: $1,204,604Liabilities 2021: $0Net Assets 2021: $1,204,6042021Assets 2022: $4,143,901Liabilities 2022: $0Net Assets 2022: $4,143,9012022Assets 2024: $4,322,617Liabilities 2024: $72,901Net Assets 2024: $4,249,7162024

Highlighted filing

2018

Assets$1,358,463
Liabilities$1,008,404
Net Assets$350,059
Open 2018 Filing

Operations Trend

Revenue Growth96th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $25,120Expenses 2010: $52,239Net Income 2010: -$27,1192010Revenue 2011: $33,547Expenses 2011: $56,462Net Income 2011: -$22,9152011Revenue 2012: $64,604Expenses 2012: $85,208Net Income 2012: -$20,6042012Revenue 2013: $302,617Expenses 2013: $264,907Net Income 2013: $37,7102013Revenue 2014: $158,175Expenses 2014: $262,910Net Income 2014: -$104,7352014Revenue 2015: $310,723Expenses 2015: $373,398Net Income 2015: -$62,6752015Revenue 2016: $482,671Expenses 2016: $297,621Net Income 2016: $185,0502016Revenue 2017: $434,522Expenses 2017: $159,958Net Income 2017: $274,5642017Revenue 2018: $1,265,875Expenses 2018: $1,499,001Net Income 2018: -$233,1262018Revenue 2019: $1,993,202Expenses 2019: $1,176,012Net Income 2019: $817,1902019Revenue 2020: $730,326Expenses 2020: $1,196,730Net Income 2020: -$466,4042020Revenue 2021: $648,574Expenses 2021: $144,815Net Income 2021: $503,7592021Revenue 2022: $3,109,240Expenses 2022: $169,943Net Income 2022: $2,939,2972022Revenue 2024: $492,905Expenses 2024: $437,932Net Income 2024: $54,9732024

Highlighted filing

2018

Revenue$1,265,875
Expenses$1,499,001
Net Income-$233,126
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$1,266,406
Mission and Program Overview

Mission

To identify primary employers that have potential for sustainable growth, assisting them to develop and expand operations within mower county, thus creating new jobs and an enhanced overall economy.

Charitable & educational support

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$295,726$1,236,945▲ $941,219
Cash and Non-Interest-Bearing Accounts$287,987$73,399▼ $214,588
Investments in Publicly Traded Securities$98,119$48,119▼ $50,000
Total Assets$681,832$1,358,463▲ $676,631
Liabilities
Accounts Payable and Accrued Expenses$320$1,000,146▲ $999,826
Other Liabilities$98,327$8,258▼ $90,069
Total Liabilities$98,647$1,008,404▲ $909,757
Net Assets / Fund Balance
Temporarily Rstr Net Assets$480,954$329,798▼ $151,156
Unrestricted Net Assets$102,231$20,261▼ $81,970
Total Net Assets Fund Balance$583,185$350,059▼ $233,126
Total Liabilities and Net Assets / Fund Balance$681,832$1,358,463▲ $676,631
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Shelly KingChair
Geoff SmithVice Chair
Adenuga AtewologunDirector
John HernandezDirector
John GarryExecutive Director
Mark NibaurSecretary
Tanya MedgaardenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,266,174
Program Service Revenue
$0
Investment Income
$-299
Other Revenue
$0
All Other Contributions
$1,260,424
Change in Net Assets
$-233,126

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,265,875
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,265,875
Total Revenue per Form 990
$1,265,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,498,001
Salaries, Compensation, and Employee Benefits$1,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$15,000$20,724-$15,000
Other Salaries and Wages$1,000--$1,000
Fees for Services Legal-$889-$889
Advertising$500--$500
Fees for Services Other-$7-$7
Total Functional Expenses$1,477,381$21,620$0$1,499,001

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,499,001
Total Expenses per Audited Statements$1,499,001
Total Expenses per Form 990$1,499,001
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$8,258
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has a single class of members with equal voting rights. These members are made up of local businesses and individuals interested in the purposes & objectives of the corporation & in commercial, industrial & civic progress of the austin community.”

Form 990, Part VI, Section A, Line 7A

“The membership of this corporation consists of voting, non-voting and honorary members. Voting members pay annual dues set forth by the executive committee. Non-voting members are founding members who made an initial contribution, but do not pay annual dues. Each voting member of the organization receives equal rights in electing board members at annual meetings. Board members are required to be members of the organization.”

Form 990, Part VI, Section A, Line 7B

“Members of the organization vote at annual meetings on any changes made to the bylaws.”

Form 990, Part VI, Section B, Line 11B

“The vice-chairman, treasurer, and executive director of the organization's board of directors will review the form before it is filed. The executive committee of the board of directors will receive copies of the form before it is filed, and the remaining board members will receive copies subsequent to filing.”

Form 990, Part VI, Section B, Line 15

“The process for determining the compensation for the executive director is based upon a performance evaluation by the executive committee of the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Austin Community Charitable Fund
EIN
36-3487772
Phone
5074339495
Address
329 NORTH MAIN STREET SUITE 106L, AUSTIN, MN 55912

Signing Officer

Name
John Garry
Title
Executive Director
Phone
5074339495
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Garry
Formed
1986
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Cliftonlarsonallen Llp
Address
121 WEST BRIDGE STREET, OWATONNA, MN 55060
Preparer
Brad Svenby
Phone
5074467100
Supplemental Narrative

Additional Explanations

FORM 990, PART IX, LINES 5, 7 AND 10:

“Austin community charitable fund does not have any employees. The salary and payroll tax expenses on page 10 of the form 990 are amounts that are allocated to austin community charitable fund from the development corporation of austin for austin community charitable fund's portion of the expenses.”

FORM 990, PART XII, LINE 2C:

“No change from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The charitable fund is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The charitable fund has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions. There was no unrealted business income for the year ended december 31, 2018 and therefore the charitable fund has made no provision for income taxes.”

Raw XML AppendixShowing 400 of 433 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0320
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01000146
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CHARITABLE & EDUCATIONAL SUPPORT
IRS990/AdvertisingGrp/ProgramServicesAmt0500
IRS990/AdvertisingGrp/TotalAmt0500
IRS990/AllOtherContributionsAmt01260424
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ALICE HOLST
IRS990/BooksInCareOfDetail/PhoneNum05074339495
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0329 NORTH MAIN ST SUITE 106L
IRS990/BooksInCareOfDetail/USAddress/CityNm0AUSTIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055912
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0287987
IRS990/CashNonInterestBearingGrp/EOYAmt073399
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01266174
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-299
IRS990/CYOtherExpensesAmt01498001
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-233126
IRS990/CYSalariesCompEmpBnftPaidAmt01000
IRS990/CYTotalExpensesAmt01499001
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01265875
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE AUSTIN COMMUNITY CHARITABLE FUND WAS FORMED EXCLUSIVELY TO PERFORM AND OTHERWISE TO ASSIST IN CARRYING OUT THE CHARITABLE FUNCTIONS AND PURPOSES OF THE DCA. THE CHARITABLE FUND WAS ESTABLISHED AND SHALL BE OPERATED EXCLUSIVELY TO ENGAGE IN, ADVANCE, SUPPORT, AND ADMINISTER CHARITABLE ACTIVITIES, CAUSES AND PROJECTS OF THIS DCA OF EVERY KIND AND NATURE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01477381
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0889
IRS990/FeesForServicesLegalGrp/TotalAmt0889
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07
IRS990/FeesForServicesOtherGrp/TotalAmt07
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt055.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt615.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0SHELLY KING
IRS990/Form990PartVIISectionAGrp/PersonNm1TANYA MEDGAARDEN
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK NIBAUR
IRS990/Form990PartVIISectionAGrp/PersonNm3ADENUGA ATEWOLOGUN
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN HERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm5GEOFF SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN GARRY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-531
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01266406
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0232
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0232
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt098119
IRS990/InvestmentsPubTradedSecGrp/EOYAmt048119
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0531
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt05750
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO IDENTIFY PRIMARY EMPLOYERS THAT HAVE POTENTIAL FOR SUSTAINABLE GROWTH, ASSISTING THEM TO DEVELOP AND EXPAND OPERATIONS WITHIN MOWER COUNTY, THUS CREATING NEW JOBS AND AN ENHANCED OVERALL ECONOMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0583185
IRS990/NetAssetsOrFundBalancesEOYAmt0350059
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-531
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-531
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0VISION 2020
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc2GRANTS PAID
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020724
IRS990/OtherExpensesGrp/ProgramServicesAmt01460881
IRS990/OtherExpensesGrp/ProgramServicesAmt115000
IRS990/OtherExpensesGrp/TotalAmt01460881
IRS990/OtherExpensesGrp/TotalAmt120724
IRS990/OtherExpensesGrp/TotalAmt215000
IRS990/OtherLiabilitiesGrp/BOYAmt098327
IRS990/OtherLiabilitiesGrp/EOYAmt08258
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01000
IRS990/OtherSalariesAndWagesGrp/TotalAmt01000
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0295726
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01236945
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN GARRY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0393149
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt041373
IRS990/PYOtherExpensesAmt0159958
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0274564
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0159958
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0434522
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-233126
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SECTION 509(A)(3) PROVIDES THAT A SECTION 509(A)(2) ORGANIZATION SHALL BE DEEMED TO INCLUDE AN ORGANIZATION DESCRIBED IN SECTION 501(C)(6) WHICH WOULD BE DESCRIBED IN SECTION 509(A)(2) IF IT WERE AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION AND THE ORGANIZATION IT SUPPORTS SHARE THE SAME BOARD. IF ANY SUPPORT IS GIVEN TO THE SUPPORTING ORGANIZATION, THE BOARD MAKES SURE THE SUPPORT IS USED SOLELY FOR CHARITABLE PURPOSES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 3B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART VI, SECTION A, LINE 3C
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0237276266
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DEVELOPMENT CORPORATION OF AUSTIN
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01499001
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08258
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01265875
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARITABLE FUND IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CHARITABLE FUND HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS. THERE WAS NO UNREALTED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2018 AND THEREFORE THE CHARITABLE FUND HAS MADE NO PROVISION FOR INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01499001
IRS990ScheduleD/TotalLiabilityAmt08258
IRS990ScheduleD/TotalRevenuePerForm990Amt01265875
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01265875
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01499001
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL VOTING RIGHTS. THESE MEMBERS ARE MADE UP OF LOCAL BUSINESSES AND INDIVIDUALS INTERESTED IN THE PURPOSES & OBJECTIVES OF THE CORPORATION & IN COMMERCIAL, INDUSTRIAL & CIVIC PROGRESS OF THE AUSTIN COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP OF THIS CORPORATION CONSISTS OF VOTING, NON-VOTING AND HONORARY MEMBERS. VOTING MEMBERS PAY ANNUAL DUES SET FORTH BY THE EXECUTIVE COMMITTEE. NON-VOTING MEMBERS ARE FOUNDING MEMBERS WHO MADE AN INITIAL CONTRIBUTION, BUT DO NOT PAY ANNUAL DUES. EACH VOTING MEMBER OF THE ORGANIZATION RECEIVES EQUAL RIGHTS IN ELECTING BOARD MEMBERS AT ANNUAL MEETINGS. BOARD MEMBERS ARE REQUIRED TO BE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE ORGANIZATION VOTE AT ANNUAL MEETINGS ON ANY CHANGES MADE TO THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE VICE-CHAIRMAN, TREASURER, AND EXECUTIVE DIRECTOR OF THE ORGANIZATION'S BOARD OF DIRECTORS WILL REVIEW THE FORM BEFORE IT IS FILED. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WILL RECEIVE COPIES OF THE FORM BEFORE IT IS FILED, AND THE REMAINING BOARD MEMBERS WILL RECEIVE COPIES SUBSEQUENT TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS BASED UPON A PERFORMANCE EVALUATION BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AUSTIN COMMUNITY CHARITABLE FUND DOES NOT HAVE ANY EMPLOYEES. THE SALARY AND PAYROLL TAX EXPENSES ON PAGE 10 OF THE FORM 990 ARE AMOUNTS THAT ARE ALLOCATED TO AUSTIN COMMUNITY CHARITABLE FUND FROM THE DEVELOPMENT CORPORATION OF AUSTIN FOR AUSTIN COMMUNITY CHARITABLE FUND'S PORTION OF THE EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINES 5, 7 AND 10:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0AUSTIN COMMUNITY CHARITABLE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DEVELOPMENT CORPORATION OF AUSTIN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1AUSTIN COMMUNITY GROWTH VENTURES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237276266
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1475042107
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTING ECONOMIC GROWTH IN THE CITY OF AUSTIN, MN AND THE SURROUNDING AREA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1RESEARCH ACCELERATOR FOR BIOTECHNOLOGY COMPANIES INVOLVED IN ECONOMIC DEVEL.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt111A-I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0329 N MAIN ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1329 N MAIN ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0AUSTIN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1AUSTIN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055912
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd155912
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NO TRANSACTIONS OVER 50000
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0480954
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0329798
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0681832
IRS990/TotalAssetsEOYAmt01358463
IRS990/TotalAssetsGrp/BOYAmt0681832
IRS990/TotalAssetsGrp/EOYAmt01358463
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01266174
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021620
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01477381
IRS990/TotalFunctionalExpensesGrp/TotalAmt01499001
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt098647
IRS990/TotalLiabilitiesEOYAmt01008404
IRS990/TotalLiabilitiesGrp/BOYAmt098647
IRS990/TotalLiabilitiesGrp/EOYAmt01008404
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0583185
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0350059
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01477381
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-299
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01265875
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0681832
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01358463
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0102231
IRS990/UnrestrictedNetAssetsGrp/EOYAmt020261
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0329 NORTH MAIN STREET SUITE 106L
IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055912
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-04-17 16:48:07Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,358,463
Liabilities
$1,008,404
Net assets
$350,059
Revenue
$1,265,875
Expenses
$1,499,001
Net income
-$233,126
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.32$0.07$4.25$0.49$0.44$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.14$0.00$4.14$3.11$0.17$2.94
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.65$0.14$0.50
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.00$0.70$0.73$1.20$0.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.01$1.17$1.99$1.18$0.82
2018Detailed filing. Detailed filing data is available for this year.$1.36$1.01$0.35$1.27$1.50$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.10$0.58$0.43$0.16$0.27
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.07$0.35$0.48$0.30$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.20$0.03$0.18$0.31$0.37$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.06$0.20$0.16$0.26$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.31$0.03$0.27$0.30$0.26$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.06$0.19$0.06$0.09$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.03$0.20$0.03$0.06$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.00$0.20$0.03$0.05$0.03