Civic Intelligence

Faribault Area Public Schools Educational Trust Association

990 • Fiscal year 2019 • EIN 36-3495109

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 06, 2020

Organization ProfileN/A
710 17th St SWFaribault, MN 55021

(507) 334-2579

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

49th percentile

2.9%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$2,400

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

41st percentile

0.4%

Faster asset growth than 41% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

41%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,175,069

Up $4,744 (+0.4%) from 2018

Net Assets

Up

$1,174,569

Up $4,244 (+0.4%) from 2018

Liabilities

Up

$500

Up $500 from 2018

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin49th percentile

Revenue

Up

$148,472

Up $42,941 (+41%) from 2018

Expenses

Up

$144,228

Up $35,685 (+33%) from 2018

Net Income

Up

$4,244

Up $7,256 (+241%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$1.5M$1.0M$500K$0Assets 2014: $1,187,773Liabilities 2014: $0Net Assets 2014: $1,187,7732014Assets 2015: $1,164,685Liabilities 2015: $0Net Assets 2015: $1,164,6852015Assets 2016: $1,187,253Liabilities 2016: $0Net Assets 2016: $1,187,2532016Assets 2017: $1,173,337Liabilities 2017: $0Net Assets 2017: $1,173,3372017Assets 2018: $1,170,325Liabilities 2018: $0Net Assets 2018: $1,170,3252018Assets 2019: $1,175,069Liabilities 2019: $500Net Assets 2019: $1,174,5692019Assets 2020: $1,310,029Liabilities 2020: $0Net Assets 2020: $1,310,0292020Assets 2021: $1,315,695Liabilities 2021: $0Net Assets 2021: $1,315,6952021Assets 2022: $1,324,939Liabilities 2022: $0Net Assets 2022: $1,324,9392022Assets 2023: $1,312,242Liabilities 2023: $0Net Assets 2023: $1,312,2422023Assets 2024: $1,348,263Liabilities 2024: $0Net Assets 2024: $1,348,2632024

Highlighted filing

2019

Assets$1,175,069
Liabilities$500
Net Assets$1,174,569
Open 2019 Filing

Operations Trend

Revenue Growth85th percentile

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

$300K$200K$100K$0-$100KRevenue 2014: $94,824Expenses 2014: $109,856Net Income 2014: -$15,0322014Revenue 2015: $89,716Expenses 2015: $112,804Net Income 2015: -$23,0882015Revenue 2016: $131,717Expenses 2016: $109,149Net Income 2016: $22,5682016Revenue 2017: $101,244Expenses 2017: $115,160Net Income 2017: -$13,9162017Revenue 2018: $105,531Expenses 2018: $108,543Net Income 2018: -$3,0122018Revenue 2019: $148,472Expenses 2019: $144,228Net Income 2019: $4,2442019Revenue 2020: $261,782Expenses 2020: $126,322Net Income 2020: $135,4602020Revenue 2021: $129,348Expenses 2021: $123,682Net Income 2021: $5,6662021Revenue 2022: $151,812Expenses 2022: $142,568Net Income 2022: $9,2442022Revenue 2023: $139,620Expenses 2023: $152,317Net Income 2023: -$12,6972023Revenue 2024: $177,298Expenses 2024: $141,277Net Income 2024: $36,0212024

Highlighted filing

2019

Revenue$148,472
Expenses$144,228
Net Income$4,244
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 6, 2020
Return Version
2019v5.1
Gross Receipts
$345,260
Mission and Program Overview

Mission

In cooperation with local high school, provide scholarships to qualified senior applicants using academics & citizen criteria from the "dollar for scholar" national program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,170,325$1,174,569▲ $4,244
Investments in Publicly Traded Securities$1,095,384$1,069,300▼ $26,084
Savings and Temporary Cash Investments$74,941$105,769▲ $30,828
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,170,325$1,175,069▲ $4,744
Liabilities
Other Liabilities$0$500▲ $500
Total Liabilities$0$500▲ $500
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,170,325$1,174,569▲ $4,244
Total Liabilities and Net Assets / Fund Balance$1,170,325$1,175,069▲ $4,744

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$78,371$1,000▲ $3,430-$78,801
2018$78,063$1,000▲ $3,308-$78,371
2017$77,146$1,000▲ $3,917-$78,063
2016$77,141$1,000▲ $3,005-$77,146
2015$75,683$1,000▲ $3,458-$77,141
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleBaseTotal
Nanci FielitzExecutive Secretary$2,400$2,400

Board Members and Trustees

NameTitle
Richard BergePresident
Brent PeroutkaDirector
Cate GrinneyDirector
Dave GreenDirector
Garrett ReganDirector
Jerry RobicheauDirector
John CarlanderDirector
John CurrieDirector
Kathy ZavoralDirector
Shelly FritzDirector
Todd SeskerDirector
Jill FagerlundSecretary
Heidi OanesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,484
Program Service Revenue
$0
Investment Income
$106,988
Other Revenue
$0
All Other Contributions
$41,484
Change in Net Assets
$4,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$124,426
Other Expenses$17,402
Salaries, Compensation, and Employee Benefits$2,400
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$124,426--$124,426
Fees for Service Investment Mgmnt Fees$10,612--$10,612
Fees for Services Accounting$4,250--$4,250
Current Officers, Directors, Trustees, and Key Employees$2,400--$2,400
Advertising$870--$870
Insurance$750--$750
Depreciation Depletion$350--$350
Office Expenses$335--$335
Other Expenses$25--$25
Total Functional Expenses$144,228$0$0$144,228
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 Faribault Public Schools$500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Michelle creger and trent creger - family relationship”

Form 990, Part VI, Section A, Line 6

“BOARD OF 13 MEMBERS”

Form 990, Part VI, Section A, Line 8B

“No committees that act on behalf of the governing board”

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

“REVIEWED BEFORE SIGNING”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Faribault Area Public Schools
EIN
36-3495109
Phone
5073342579
Address
710 17TH ST SW, FARIBAULT, MN 55021
Doing Business As
Faribault Falcon Scholarship Fund

Signing Officer

Name
Heidi Oanes
Title
Treasurer
Phone
5073342579
Signed
2020-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heidi Oanes
Formed
1986
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Jod Ltd
Address
2209 BARD AVENUE, FARIBAULT, MN 55021-9235
Preparer
Dennis Aldrich
Phone
5073345516
Raw XML AppendixShowing 400 of 441 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.

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IRS990/RevenueAmt0106988
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01170325
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01174569
IRS990/SavingsAndTempCashInvstGrp/BOYAmt074941
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0105769
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt047843
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt037159
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt042028
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt084830
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt052365
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0264225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt036721
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt042603
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt034729
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt033439
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt034974
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0182466
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt070266
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt025769
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt024487
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt012996
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02379
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0135897
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.45350
IRS990ScheduleA/PublicSupportPY170Pct00.48230
IRS990ScheduleA/PublicSupportTotal170Amt0264225
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt047843
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt037159
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt042028
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt084830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt052365
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0264225
IRS990ScheduleA/TotalSupportAmt0582588
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt078371
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt078801
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt04000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03430
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt078063
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt078371
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt04000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03308
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt077146
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt078063
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt04000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03917
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt077141
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt077146
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt04000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03005
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt075683
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt077141
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt03000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03458
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO FARIBAULT PUBLIC SCHOOLS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0500
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0108000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt072
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICHELLE CREGER AND TRENT CREGER - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF 13 MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED BEFORE SIGNING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01170325
IRS990/TotalAssetsEOYAmt01175069
IRS990/TotalAssetsGrp/BOYAmt01170325
IRS990/TotalAssetsGrp/EOYAmt01175069
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt041484
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0144228
IRS990/TotalFunctionalExpensesGrp/TotalAmt0144228
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0500
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01170325
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01174569
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0144228
IRS990/TotalReportableCompFromOrgAmt02400
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0106988
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0148472
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01170325
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01175069
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0710 17TH ST SW
IRS990/USAddress/CityNm0FARIBAULT
IRS990/USAddress/StateAbbreviationCd0MN

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,175,069
Liabilities
$500
Net assets
$1,174,569
Revenue
$148,472
Expenses
$144,228
Net income
$4,244
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.00$1.35$0.18$0.14$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$0.14$0.15$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.00$1.32$0.15$0.14$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.00$1.32$0.13$0.12$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$0.26$0.13$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.17$0.15$0.14$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.00$1.17$0.11$0.11$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.00$1.17$0.10$0.12$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.00$1.19$0.13$0.11$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.09$0.11$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.09$0.11$0.02