Civic Intelligence

Minerva Education and Development Foundation

990 • Fiscal year 2022 • EIN 38-3068654

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 27, 2023

PO Box 21655Detroit, MI 48221

(313) 438-6333

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

76th percentile

25%

Higher net margin than 76% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

26th percentile

-7.3%

Faster asset growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

12%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$590,788

Down $46,491 (-7.3%) from 2021

Net Assets

Down

$590,788

Down $46,491 (-7.3%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$103,426

Up $11,460 (+12%) from 2021

Expenses

Up

$77,224

Up $17,533 (+29%) from 2021

Net Income

Down

$26,202

Down $6,073 (-19%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $156,081Liabilities 2010: $0Net Assets 2010: $156,0812010Assets 2011: $170,738Liabilities 2011: $33,974Net Assets 2011: $136,7642011Assets 2012: $413,646Liabilities 2012: $245,754Net Assets 2012: $167,8922012Assets 2013: $297,234Liabilities 2013: $111,412Net Assets 2013: $185,8222013Assets 2014: $183,624Liabilities 2014: $0Net Assets 2014: $183,6242014Assets 2015: $206,296Liabilities 2015: $0Net Assets 2015: $206,2962015Assets 2016: $171,108Liabilities 2016: $0Net Assets 2016: $171,1082016Assets 2017: $172,746Liabilities 2017: $0Net Assets 2017: $172,7462017Assets 2018: $168,232Liabilities 2018: $0Net Assets 2018: $168,2322018Assets 2019: $180,808Liabilities 2019: $0Net Assets 2019: $180,8082019Assets 2020: $535,581Liabilities 2020: $0Net Assets 2020: $535,5812020Assets 2021: $637,279Liabilities 2021: $0Net Assets 2021: $637,2792021Assets 2022: $590,788Liabilities 2022: $0Net Assets 2022: $590,7882022Assets 2023: $752,117Liabilities 2023: $0Net Assets 2023: $752,1172023Assets 2024: $266,626Liabilities 2024: $0Net Assets 2024: $266,6262024

Highlighted filing

2022

Assets$590,788
Liabilities$0
Net Assets$590,788

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $75,8512010Revenue 2011: $111,490Expenses 2011: $130,807Net Income 2011: -$19,3172011Revenue 2012: $184,912Expenses 2012: $157,319Net Income 2012: $27,5932012Revenue 2013: $59,151Expenses 2013: $45,340Net Income 2013: $13,8112013Revenue 2014: $177,272Expenses 2014: $168,325Net Income 2014: $8,9472014Revenue 2015: $171,126Expenses 2015: $156,738Net Income 2015: $14,3882015Revenue 2016: $89,502Expenses 2016: $124,690Net Income 2016: -$35,1882016Revenue 2017: $105,282Expenses 2017: $103,644Net Income 2017: $1,6382017Revenue 2018: $81,280Expenses 2018: $77,417Net Income 2018: $3,8632018Revenue 2019: $62,919Expenses 2019: $50,344Net Income 2019: $12,5752019Revenue 2020: $71,854Expenses 2020: $40,000Net Income 2020: $31,8542020Revenue 2021: $91,966Expenses 2021: $59,691Net Income 2021: $32,2752021Revenue 2022: $103,426Expenses 2022: $77,224Net Income 2022: $26,2022022Revenue 2023: $171,937Expenses 2023: $65,625Net Income 2023: $106,3122023Revenue 2024: $118,379Expenses 2024: $193,295Net Income 2024: -$74,9162024

Highlighted filing

2022

Revenue$103,426
Expenses$77,224
Net Income$26,202
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 27, 2023
Return Version
2022v5.0
Gross Receipts
$103,426
Mission and Program Overview

Mission

To provide support for and services to the metropolitan detroit community in the areas of educational development and community services to foster community growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$637,279$590,788▼ $46,491
Total Assets$637,279$590,788▼ $46,491
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$537,197-
Net Assets Without Donor Restrictions$637,279$53,591▼ $583,688
Total Net Assets Fund Balance$637,279$590,788▼ $46,491
Total Liabilities and Net Assets / Fund Balance$637,279$590,788▼ $46,491
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$26,523
Program Service Revenue
$76,903
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$26,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,224
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
Other Expenses$30,000$16,572-$16,572
Total Functional Expenses$60,652$16,572$0$77,224
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Minerva Education and Development
EIN
38-3068654
Phone
3134386333
Address
PO BOX 21655, DETROIT, MI 48221

Signing Officer

Name
Gwendolyn Prater
Title
President
Phone
3134386333
Signed
2023-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gwendolyn Prater
Formed
1992
Legal Domicile
Mi
Voting Board Members
24
Independent Board Members
24
Employees
0

Preparer

Firm
Alan C Young & Associates Pc
Address
7310 WOODWARD AVE STE 740, DETROIT, MI 48202
Preparer
Alan C Young
Phone
3138737500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

-72,693

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IRS990/OtherExpensesGrp/ProgramServicesAmt130000
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum03134386333
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINERVA EDUCATION AND DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MINE
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ReturnHeader/Filer/PhoneNum03134386333
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$1.18$1.93$0.75
2023Detailed filing. Detailed filing data is available for this year.$7.52$0.00$7.52$1.72$0.66$1.06
2022Detailed filing. Detailed filing data is available for this year.$5.91$0.00$5.91$1.03$0.77$0.26
2021Detailed filing. Detailed filing data is available for this year.$6.37$0.00$6.37$0.92$0.60$0.32
2020Detailed filing. Detailed filing data is available for this year.$5.36$0.00$5.36$0.72$0.40$0.32
2019Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.63$0.50$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.81$0.77$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$1.05$1.04$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.90$1.25$0.35
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$1.71$1.57$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$1.77$1.68$0.09
2013Summary only. Only limited summary data is available for this year.$2.97$1.11$1.86$0.59$0.45$0.14
2012Summary only. Only limited summary data is available for this year.$4.14$2.46$1.68$1.85$1.57$0.28
2011Summary only. Only limited summary data is available for this year.$1.71$0.34$1.37$1.11$1.31$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.00$1.56$0.76
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $500k-$1M nonprofits