Civic Intelligence

Latvian Org Assoc of Mn Inc

EIN 38-3660467 • 501(c)3 • Minneapolis, MN

Profile

Organized exclusively for charitable purposes to encourage, support, maintain and promote latvian culture and language.

3152 17th Avenue SouthMinneapolis, MN 55407
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

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

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

Liabilities / Revenue

35th percentile

0.00x

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

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

Net Margin

3rd percentile

-140%

Higher net margin than 3% of similar nonprofits.

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

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

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

Asset Growth

70th percentile

14%

Faster asset growth than 70% of similar nonprofits.

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

Revenue Growth

99th percentile

707%

Faster revenue growth than 99% of similar nonprofits.

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

Assets

Up

$564,152

Up $68,007 (+14%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Up

$564,152

Up $68,007 (+14%) from 2021

Revenue

Up

$30,343

Up $26,582 (+707%) from 2021

Expenses

Up

$72,855

Up $66,940 (+1132%) from 2021

Net Income

Down

-$42,512

Down $40,358 (-1874%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $571,681Liabilities 2011: $0Net Assets 2011: $571,6812011Assets 2012: $570,279Liabilities 2012: $0Net Assets 2012: $570,2792012Assets 2013: $566,792Liabilities 2013: $0Net Assets 2013: $566,7922013Assets 2014: $559,828Liabilities 2014: $0Net Assets 2014: $559,8282014Assets 2015: $552,221Liabilities 2015: $0Net Assets 2015: $552,2212015Assets 2016: $547,565Liabilities 2016: $0Net Assets 2016: $547,5652016Assets 2017: $529,948Liabilities 2017: $0Net Assets 2017: $529,9482017Assets 2018: $506,388Liabilities 2018: $0Net Assets 2018: $506,3882018Assets 2019: $504,966Liabilities 2019: $0Net Assets 2019: $504,9662019Assets 2020: $498,299Liabilities 2020: $0Net Assets 2020: $498,2992020Assets 2021: $496,145Liabilities 2021: $0Net Assets 2021: $496,1452021Assets 2022: $564,152Liabilities 2022: $0Net Assets 2022: $564,1522022

Highlighted filing

2022

Assets$564,152
Liabilities$0
Net Assets$564,152

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KExpenses 2011: $39,2732011Expenses 2012: $34,3602012Revenue 2013: $37,134Expenses 2013: $40,621Net Income 2013: -$3,4872013Revenue 2014: $18,043Expenses 2014: $25,007Net Income 2014: -$6,9642014Revenue 2015: $12,663Expenses 2015: $20,270Net Income 2015: -$7,6072015Revenue 2016: $12,424Expenses 2016: $17,080Net Income 2016: -$4,6562016Revenue 2017: $38,560Expenses 2017: $56,177Net Income 2017: -$17,6172017Revenue 2018: $34,672Expenses 2018: $58,232Net Income 2018: -$23,5602018Revenue 2019: $26,821Expenses 2019: $28,243Net Income 2019: -$1,4222019Revenue 2020: $18,399Expenses 2020: $25,066Net Income 2020: -$6,6672020Revenue 2021: $3,761Expenses 2021: $5,915Net Income 2021: -$2,1542021Revenue 2022: $30,343Expenses 2022: $72,855Net Income 2022: -$42,5122022

Highlighted filing

2022

Revenue$30,343
Expenses$72,855
Net Income-$42,512

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.64$0.00$5.64$0.30$0.73$0.43
2021Summary only. Only limited summary data is available for this year.$4.96$0.00$4.96$0.04$0.06$0.02
2020Summary only. Only limited summary data is available for this year.$4.98$0.00$4.98$0.18$0.25$0.07
2019Summary only. Only limited summary data is available for this year.$5.05$0.00$5.05$0.27$0.28$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$0.00$5.06$0.35$0.58$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.30$0.00$5.30$0.39$0.56$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.48$0.00$5.48$0.12$0.17$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.52$0.00$5.52$0.13$0.20$0.08
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.60$0.00$5.60$0.18$0.25$0.07
2013Detailed filing. Detailed filing data is available for this year.$5.67$0.00$5.67$0.37$0.41$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.70$0.00$5.70$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.72$0.00$5.72$0.39
Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2013 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 10, 2014
Return Version
2013v3.1
Gross Receipts
$37,134
Mission and Program Overview

Mission

Organized exclusively for charitable purposes to encourage, support, maintain and promote latvian culture and language.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$459,715$448,808▼ $10,907
Savings and Temporary Cash Investments$110,564$117,984▲ $7,420
Total Assets$570,279$566,792▼ $3,487
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$570,279$566,792▼ $3,487
Total Net Assets Fund Balance$570,279$566,792▼ $3,487
Total Liabilities and Net Assets / Fund Balance$570,279$566,792▼ $3,487
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,735
Program Service Revenue
$7,260
Investment Income
$27,929
Other Revenue
$210
All Other Contributions
$1,400
Change in Net Assets
$-3,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,795
Grants and Similar Amounts Paid$19,826
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$16,476--$16,476
Occupancy$5,256$1,800-$7,056
Grants to Domestic Individuals$3,350--$3,350
Conferences and Meetings-$2,755-$2,755
Office Expenses$538$1,720-$2,258
Fees for Services Management-$1,981-$1,981
All Other Expenses-$806-$806
Fees for Services Accounting-$775-$775
Other Expenses$415$150-$565
Travel$408--$408
Total Functional Expenses$30,634$9,987$0$40,621
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 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

Form 990 will be reviewed by all officers of the organization prior to filing.

Form 990, Page 6, Part VI, Line 19

Documents available upon request.

Filing and Contact Details

Filer

EIN
38-3660467
Phone
6516440886

Signing Officer

Name
Visvaris Giga
Title
Vice Chair
Phone
6516440886
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Visvaris Giga
Formed
2002
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
0
Employees
0
Volunteers
10

Preparer

Preparer
Patrick Murry
Phone
7635469340
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Other program services performed 1. Expenses 2028, grants 0, revenue 795 four actors from latvia performed the play/comedy "mes un musu sieva" (we and our wife), september 27, 2013, at the latvian church hall in minneapolis, attended by about 55 persons. 2. Expenses 1645, including grants of 900, revenue 645 three musicians from latvia, "trio", performed latvian folk music in a modern performance, october 18, 2013, in the latvian church hall in minneapolis, attended by about 50 persons. The grant was made to tilts (the bridge), a non-profit organization incorporated in the usa to foster latvian culture and education. 3. Expenses 1050, grants 0, revenue 783 program commemorating latvian independence day, november 18, 1918, was held in the latvian church hall, november 18, 2013, attended by about 80 persons. The main speaker was dr. Taira zoldnere, director of the american latvian association's public affairs office. Music was provided by the latvian church choir. 4. Expenses 791, grants 0, revenue 400 documentary film about the popular latvian music group from chicago, "cikagas piecisi" (the chicago five), shown in the latvian church hall, attended by about 53 persons. 5, expenses 575, grants 0, revenue 530 film, "sapnu komanda 1935" (dream team of 1935), about latvia's national basketball team that won the 1935 european championship, shown october 13, 2013, at the heights movie theater in minneapolis, attended by about 53 persons. 6. Expenses 538, including grants of 500, revenue 502 program commemorating the deportation of latvians by the ussr to siberia in 1940, was held in the latvian church hall on june 14, 2013, attended by about 60 persons. A grant of 500 was made to the latvian 50 year occupation museum fund support group (omfa), a usa non-profit organization. 7. Expenses 500, grants 0, revenue 345 musical celebration of the summer solstice, "ligo vakars", june 20, 2013, in the latvian church basement, attended by about 35 persons. 8. Expenses 500, grants 0, revenue 110 lecture by prof. Valters nollendorfs, a director of the occupation museum in riga, latvia, informing about the current status of the museum and the pending expansion plans, held in the latvian church basement on february 9, 2013, attended by about 40 persons. 9. Expenses 500, grants 0, revenue 445 program commemorating the founding of the university of latvia, held in the latvian church hall on september 15, 2013, attended by 55 persons. The main speaker and also performing on the piano, was prof. Lelda paula, from the darzina school of music in latvia. 10. Expenses 311, grants 0, revenue 0 festival of nations, held the first week in may, 2013, in the wilkins arena in st. Paul attended by thousands of people from over 50 nationality backgrounds. The latvian group organized a cultural exhibition booth and the folk dance group perkonitis performed on three occasions. 11. Expenses 33, grants 0, revenue 0 organized an art show of local latvian artist works in the latvian church hall, from february 9-16, attended by over 100 persons. 12. Expenses 300, including grants of 300, revenue 0 enabled the minnesota latvian sports club "starts" representing the latvian community, to organize a joint new year's eve celebration on december 31, with the ukrainian community, at the ukrainian hall in minneapolis. 13. Expenses 1500, including grants of 1500, revenue 0 enabled mara pelece, a member of the latvian community in minneapolis, to continue work on the project of preparing an archival video of latvian musicians and music during the diaspora. 14. Expenses 1650, including grants of 1650, revenue 0 enabled about eight members of the minnesota latvian folk group "teiksma" to travel to california in april, 2013, to perform in the latvian communities in los angeles and san francisco. 15. Expenses 100, including grants of 100, revenue 0 supported the global society for latvian art which is collecting works of latvian artists in exile. It is a non-profit organization incor

Raw XML Appendix388 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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