Civic Intelligence

Itasca Life Options

990 • Fiscal year 2018 • EIN 41-0907640

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

PO Box 20Grand Rapids, MN 55744

(218) 322-6501

Siviq Scores

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

Liabilities / Assets

78th percentile

0.30x

Higher debt load relative to assets than 78% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

82nd percentile

0.35x

Higher debt load relative to revenue than 82% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

66th percentile

$51,360

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

92nd percentile

75%

Faster asset growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

39%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$907,209

Up $388,594 (+75%) from 2017

Net Assets

Up

$633,825

Up $141,166 (+29%) from 2017

Liabilities

Up

$273,384

Up $247,428 (+953%) from 2017

Revenue

Up

$775,013

Up $218,249 (+39%) from 2017

Expenses

Up

$633,847

Up $130,626 (+26%) from 2017

Net Income

Up

$141,166

Up $87,623 (+164%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $423,211Liabilities 2010: $4,101Net Assets 2010: $419,1102010Assets 2011: $435,016Liabilities 2011: $4,372Net Assets 2011: $430,6442011Assets 2012: $421,997Liabilities 2012: $4,665Net Assets 2012: $417,3322012Assets 2013: $398,446Liabilities 2013: $4,743Net Assets 2013: $393,7032013Assets 2014: $409,266Liabilities 2014: $5,127Net Assets 2014: $404,1392014Assets 2015: $408,440Liabilities 2015: $12,037Net Assets 2015: $396,4032015Assets 2016: $460,704Liabilities 2016: $21,588Net Assets 2016: $439,1162016Assets 2017: $518,615Liabilities 2017: $25,956Net Assets 2017: $492,6592017Assets 2018: $907,209Liabilities 2018: $273,384Net Assets 2018: $633,8252018Assets 2019: $1,172,645Liabilities 2019: $177,722Net Assets 2019: $994,9232019Assets 2020: $1,391,860Liabilities 2020: $187,245Net Assets 2020: $1,204,6152020Assets 2021: $1,526,416Liabilities 2021: $77,053Net Assets 2021: $1,449,3632021Assets 2022: $1,931,692Liabilities 2022: $236,477Net Assets 2022: $1,695,2152022Assets 2023: $2,333,297Liabilities 2023: $213,528Net Assets 2023: $2,119,7692023Assets 2024: $2,576,915Liabilities 2024: $194,913Net Assets 2024: $2,382,0022024

Highlighted filing

2018

Assets$907,209
Liabilities$273,384
Net Assets$633,825

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $494,0682010Expenses 2011: $500,4852011Expenses 2012: $515,8252012Revenue 2013: $484,760Expenses 2013: $508,389Net Income 2013: -$23,6292013Revenue 2014: $493,381Expenses 2014: $487,546Net Income 2014: $5,8352014Revenue 2015: $519,122Expenses 2015: $526,532Net Income 2015: -$7,4102015Revenue 2016: $520,362Expenses 2016: $477,751Net Income 2016: $42,6112016Revenue 2017: $556,764Expenses 2017: $503,221Net Income 2017: $53,5432017Revenue 2018: $775,013Expenses 2018: $633,847Net Income 2018: $141,1662018Revenue 2019: $1,113,529Expenses 2019: $752,381Net Income 2019: $361,1482019Revenue 2020: $755,271Expenses 2020: $628,536Net Income 2020: $126,7352020Revenue 2021: $1,218,825Expenses 2021: $974,077Net Income 2021: $244,7482021Revenue 2022: $1,672,489Expenses 2022: $1,426,637Net Income 2022: $245,8522022Revenue 2023: $2,064,074Expenses 2023: $1,750,825Net Income 2023: $313,2492023Revenue 2024: $2,326,711Expenses 2024: $2,064,478Net Income 2024: $262,2332024

Highlighted filing

2018

Revenue$775,013
Expenses$633,847
Net Income$141,166
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$775,013
Mission and Program Overview

Mission

To provide day training and habilitiation services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,246$443,055▲ $420,809
Cash and Non-Interest-Bearing Accounts$205$236,060▲ $235,855
Savings and Temporary Cash Investments$434,755$142,214▼ $292,541
Accounts Receivable$42,874$64,742▲ $21,868
Prepaid Expenses and Deferred Charges$18,535$21,138▲ $2,603
Total Assets$518,615$907,209▲ $388,594
Liabilities
Mortgage Notes Payable Secured by Investment Property-$242,607-
Accounts Payable and Accrued Expenses$25,956$30,777▲ $4,821
Total Liabilities$25,956$273,384▲ $247,428
Net Assets / Fund Balance
Unrestricted Net Assets$492,659$633,825▲ $141,166
Total Net Assets Fund Balance$492,659$633,825▲ $141,166
Total Liabilities and Net Assets / Fund Balance$518,615$907,209▲ $388,594

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$428,919$144,028-
Land$10,471--
Equipment$3,665$58,490-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa LassenExecutive DirectorFT-$51,360$51,360
Sandy EvensenTreasurer-$75-$75
Addie KuzniaSecretary-$75-$75
Ann CarlsonVice Chairman-$75-$75
Carol AndersonBoard Member-$75-$75
Ron EvensenBoard Member-$75-$75
Sue HolumChairman-$75-$75
Mike KellinBoard Member-$50-$50
Revenue and Support

Revenue Composition

Contributions and Grants
$73,883
Program Service Revenue
$700,562
Investment Income
$568
Other Revenue
$0
All Other Contributions
$73,883
Change in Net Assets
$141,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$435,446
Other Expenses$198,401
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$283,470$28,664$0$312,134
Current Officers, Directors, Trustees, and Key Employees$26,155$25,680$0$51,835
Occupancy$42,828$4,254$0$47,082
Depreciation Depletion$44,022$0$0$44,022
Other Employee Benefits$29,737$3,586$0$33,323
Payroll Taxes$23,232$4,157$0$27,389
Insurance$20,572$0$0$20,572
Pension Plan Contributions$8,301$2,464$0$10,765
Interest$9,725$0$0$9,725
Other Expenses$5,898$0$0$5,898
Conferences and Meetings$5,054$0$0$5,054
Travel$3,837$1,130$0$4,967
All Other Expenses$831$1,746$0$2,577
Fees for Services Accounting$1,017$508$0$1,525
Office Expenses$1,239$0$0$1,239
Total Functional Expenses$561,658$72,189$0$633,847
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
Annual disclosure for covered persons
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
Filing and Contact Details

Filer

Filer Name
Itasca Life Options
EIN
41-0907640
Phone
2183226501
Address
PO Box 20, Grand Rapids, MN 55744
Doing Business As
Itasca Life Options

Signing Officer

Name
Lisa Lassen
Title
Executive Director
Phone
2183226501
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Lassen
Formed
1965
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
48
Volunteers
3

Preparer

Firm
Itasca Tax and Consulting Service
Address
415 SE 13th St Suite 201, Grand Rapids, MN 55744
Preparer
Brad Zumbaum
Phone
2189990123
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

A husband and wife are on the board of directors

Pt VI, Line 11B

The form 990 was presented to the board of directors by the preparer and it was reviewed

Pt VI, Line 19

No documents are available to the public

Pt IV

There are no committees established. There is only the board of directors

Pt VI, Line 8B

There are no committees established. There is only the board of directors

Pt VI, Line 12C

The conflict of interest policy requires all interested persons (directors, principal officers, employees, committee members and family members of such) to review the policy and disclose all conflicts to the board annually. The policy also requires an interested person to disclose to the board the conflict or potential conflict prior to the board taking any action on the relevant contract or transaction

Form 990, Part IX, Line 24E

Bank Fees 93. 47. 46. 0.

Form 990, Part IX, Line 24E

Miscellaneous 891. 784. 107. 0.

Form 990, Part IX, Line 24E

Other Contract Services 1593. 0. 1593. 0.

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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/PYSalariesCompEmpBnftPaidAmt0385472
IRS990/PYTotalExpensesAmt0503221
IRS990/PYTotalRevenueAmt0556764
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0141166
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0700562
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0434755
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0142214
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt073883
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt06373
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05988
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt05382
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt04922
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt096548
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0568
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01105
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01047
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0907
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04641
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0678903
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0531439
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0499290
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0492302
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0461511
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02663445
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt06653
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01851
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt01740
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt02226
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt012470
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0568
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01105
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0907
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04641
IRS990ScheduleA/InvestmentIncomeCYPct00.00170
IRS990ScheduleA/InvestmentIncomePYPct00.00200
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99830
IRS990ScheduleA/PublicSupportPY509Pct00.99800
IRS990ScheduleA/PublicSupportTotal509Amt02772463
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0759439
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0539663
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0507018
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0499910
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0466433
IRS990ScheduleA/Total509Grp/TotalAmt02772463
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02777104
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0428919
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0144028
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0572947
IRS990ScheduleD/EquipmentGrp/BookValueAmt03665
IRS990ScheduleD/EquipmentGrp/DepreciationAmt058490
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt062155
IRS990ScheduleD/LandGrp/BookValueAmt010471
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt010471
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0443055
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A husband and wife are on the board of directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The form 990 was presented to the board of directors by the preparer and it was reviewed
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents are available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no committees established. There is only the board of directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4There are no committees established. There is only the board of directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The conflict of interest policy requires all interested persons (directors, principal officers, employees, committee members and family members of such) to review the policy and disclose all conflicts to the board annually. The policy also requires an interested person to disclose to the board the conflict or potential conflict prior to the board taking any action on the relevant contract or transaction
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Bank Fees 93. 47. 46. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Miscellaneous 891. 784. 107. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other Contract Services 1593. 0. 1593. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt IV
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0518615
IRS990/TotalAssetsEOYAmt0907209
IRS990/TotalAssetsGrp/BOYAmt0518615
IRS990/TotalAssetsGrp/EOYAmt0907209
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt073883
IRS990/TotalEmployeeCnt048
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt072189
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0561658
IRS990/TotalFunctionalExpensesGrp/TotalAmt0633847
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025956
IRS990/TotalLiabilitiesEOYAmt0273384
IRS990/TotalLiabilitiesGrp/BOYAmt025956
IRS990/TotalLiabilitiesGrp/EOYAmt0273384
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0492659
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0633825
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0561658
IRS990/TotalProgramServiceRevenueAmt0700562
IRS990/TotalReportableCompFromOrgAmt0500
IRS990/TotalRevenueGrp/ExclusionAmt0568

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.58$0.19$2.38$2.33$2.06$0.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$0.21$2.12$2.06$1.75$0.31
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.24$1.70$1.67$1.43$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.08$1.45$1.22$0.97$0.24
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.19$1.20$0.76$0.63$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.18$0.99$1.11$0.75$0.36
2018Detailed filing. Detailed filing data is available for this year.$0.91$0.27$0.63$0.78$0.63$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.03$0.49$0.56$0.50$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.46$0.02$0.44$0.52$0.48$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.40$0.52$0.53$0.01
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.01$0.40$0.49$0.49$0.01
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.40$0.00$0.39$0.48$0.51$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.00$0.42$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.00$0.43$0.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.00$0.42$0.49