Civic Intelligence

South Central College Faribault Campus Foundation

990 • Fiscal year 2023 • EIN 41-1451735

Jul 01, 2022 to Jun 30, 2023 • Filed on May 13, 2024

1225 SW 3rd StFaribault, MN 55021-5720

(507) 332-5808

Siviq Scores

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

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

1.07x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

8th percentile

-43%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$77,692

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 43.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

32nd percentile

-1.4%

Faster asset growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

8.3%

Faster revenue growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$3,273,360

Down $45,401 (-1.4%) from 2022

Net Assets

Down

$3,081,509

Down $44,966 (-1.4%) from 2022

Liabilities

Down

$191,851

Down $435 (-0.2%) from 2022

Revenue

Up

$180,110

Up $13,841 (+8.3%) from 2022

Expenses

Up

$257,510

Up $54,190 (+27%) from 2022

Net Income

Down

-$77,400

Down $40,349 (-109%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $732,287Liabilities 2011: $93,389Net Assets 2011: $638,8982011Assets 2012: $1,564,354Liabilities 2012: $189,244Net Assets 2012: $1,375,1102012Assets 2013: $1,861,573Liabilities 2013: $105,900Net Assets 2013: $1,755,6732013Assets 2014: $2,110,639Liabilities 2014: $103,500Net Assets 2014: $2,007,1392014Assets 2015: $2,233,095Liabilities 2015: $108,850Net Assets 2015: $2,124,2452015Assets 2016: $2,247,066Liabilities 2016: $124,200Net Assets 2016: $2,122,8662016Assets 2017: $2,446,754Liabilities 2017: $110,724Net Assets 2017: $2,336,0302017Assets 2018: $2,648,132Liabilities 2018: $114,979Net Assets 2018: $2,533,1532018Assets 2019: $2,887,189Liabilities 2019: $101,407Net Assets 2019: $2,785,7822019Assets 2020: $3,011,231Liabilities 2020: $132,425Net Assets 2020: $2,878,8062020Assets 2021: $3,560,550Liabilities 2021: $134,442Net Assets 2021: $3,426,1082021Assets 2022: $3,318,761Liabilities 2022: $192,286Net Assets 2022: $3,126,4752022Assets 2023: $3,273,360Liabilities 2023: $191,851Net Assets 2023: $3,081,5092023

Highlighted filing

2023

Assets$3,273,360
Liabilities$191,851
Net Assets$3,081,509

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $165,539Expenses 2011: $123,604Net Income 2011: $41,9352011Expenses 2012: $143,5272012Revenue 2013: $586,357Expenses 2013: $191,401Net Income 2013: $394,9562013Revenue 2014: $210,264Expenses 2014: $152,016Net Income 2014: $58,2482014Revenue 2015: $287,545Expenses 2015: $169,295Net Income 2015: $118,2502015Revenue 2016: $227,356Expenses 2016: $213,643Net Income 2016: $13,7132016Revenue 2017: $268,727Expenses 2017: $193,447Net Income 2017: $75,2802017Revenue 2018: $400,851Expenses 2018: $283,667Net Income 2018: $117,1842018Revenue 2019: $389,880Expenses 2019: $215,787Net Income 2019: $174,0932019Revenue 2020: $604,290Expenses 2020: $247,347Net Income 2020: $356,9432020Revenue 2021: $308,823Expenses 2021: $187,303Net Income 2021: $121,5202021Revenue 2022: $166,269Expenses 2022: $203,320Net Income 2022: -$37,0512022Revenue 2023: $180,110Expenses 2023: $257,510Net Income 2023: -$77,4002023

Highlighted filing

2023

Revenue$180,110
Expenses$257,510
Net Income-$77,400
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 13, 2024
Return Version
2022v5.0
Gross Receipts
$408,226
Mission and Program Overview

Mission

Supporting post-secondary education

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,695,614$3,059,162▲ $363,548
Cash and Non-Interest-Bearing Accounts$590,145$205,897▼ $384,248
Pledges and Grants Receivable$27,150$0▼ $27,150
Land, Buildings, and Equipment, Net$3,203$1,103▼ $2,100
Total Assets$3,318,761$3,273,360▼ $45,401
Other Assets Total$2,649$7,198▲ $4,549
Liabilities
Grants Payable$190,786$185,479▼ $5,307
Other Liabilities$0$4,872▲ $4,872
Accounts Payable and Accrued Expenses$1,500$1,500→ $0
Total Liabilities$192,286$191,851▼ $435
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,688,293$1,820,129▲ $131,836
Net Assets With Donor Restrictions$1,438,182$1,261,380▼ $176,802
Total Net Assets Fund Balance$3,126,475$3,081,509▼ $44,966
Total Liabilities and Net Assets / Fund Balance$3,318,761$3,273,360▼ $45,401

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,103$66,843$67,946

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,261,380---$1,261,380
2022$660,344---$660,344
2021$660,344---$660,344
2020$660,344---$660,344
2019$660,344---$660,344
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gail KaderlikExecutive DirectorPT$77,692$77,692

Board Members and Trustees

NameTitle
Rick MillerPresident
Jason RobinsonVice President
Barton JacksonDirector
Gary VoegeleDirector
Ibrahim KhalifDirector
Michael GramseDirector
Richard CookDirector
Tim FinleyDirector
Dr Cheryl FreundAt Lg Officer
Dr Dick HustonAt Lg Officer
Dr Richard BergeHonorary
Ken WeaverlingSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$95,896
Program Service Revenue
$0
Investment Income
$84,214
Other Revenue
$0
All Other Contributions
$95,896
Change in Net Assets
$-77,400

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$2,853Fair Market Value
Total Noncash Contributions1$2,853-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$120,971
Salaries, Compensation, and Employee Benefits$94,124
Other Expenses$42,415
Total Fundraising Expense$2,305
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$120,971--$120,971
Current Officers, Directors, Trustees, and Key Employees-$83,077-$83,077
Fees for Service Investment Mgmnt Fees-$24,003-$24,003
Payroll Taxes-$6,391-$6,391
Other Employee Benefits-$4,656-$4,656
Advertising$2,926--$2,926
Other Expenses-$5,630$2,305$2,305
Office Expenses-$2,269-$2,269
Depreciation Depletion$2,099--$2,099
Insurance-$1,768-$1,768
Fees for Services Accounting-$1,415-$1,415
Total Functional Expenses$125,996$129,209$2,305$257,510
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
Accrued Payroll Liabilities$4,872
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization's board of directors approves the filing of form 990

Form 990, Part VI, Section C, line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request

Filing and Contact Details

Filer

Filer Name
Faribault Area Training and
EIN
41-1451735
Phone
5073325808
Address
1225 SW 3RD ST, FARIBAULT, MN 55021-5720

Signing Officer

Name
Gail Kaderlik
Title
Executive Director
Phone
5073325808
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gail Kaderlik
Formed
1983
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
24

Preparer

Firm
JOD Ltd
Address
2209 Bard Avenue, Faribault, MN 55021-9235
Preparer
Dennis Aldrich
Phone
5073345516
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

Scholarships for supporting post-secondary education

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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/PYTotalExpensesAmt0203320
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0166269
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-77400
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt070431
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02695614
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03059162
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0123046
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0165460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0202685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0362305
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0297609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01151105
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt084248
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0-137819
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0106138
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0241985
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt092271
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0386823
IRS990ScheduleA/PublicSupportCY170Pct00.74850
IRS990ScheduleA/PublicSupportPY170Pct00.71190
IRS990ScheduleA/PublicSupportTotal170Amt01151105
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0123046
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0165460
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0202685
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0362305
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0297609
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01151105
IRS990ScheduleA/TotalSupportAmt01537928
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/CYEndwmtFundGrp/BeginningYearBalanceAmt01261380
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01261380
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0660344
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0660344
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0660344
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0660344
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0660344
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0660344
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0660344
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0660344
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01103
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066843
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt067946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04872
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS FOR SUPPORTING POST-SECONDARY EDUCATION
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01103
IRS990ScheduleD/TotalLiabilityAmt04872
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0120971
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SCRAP SHEET STEEL
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt02853
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD OF DIRECTORS APPROVES THE FILING OF FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 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/TotalAssetsBOYAmt03318761
IRS990/TotalAssetsEOYAmt03273360
IRS990/TotalAssetsGrp/BOYAmt03318761
IRS990/TotalAssetsGrp/EOYAmt03273360
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt095896
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02305
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0129209
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0125996
IRS990/TotalFunctionalExpensesGrp/TotalAmt0257510
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0192286
IRS990/TotalLiabilitiesEOYAmt0191851
IRS990/TotalLiabilitiesGrp/BOYAmt0192286
IRS990/TotalLiabilitiesGrp/EOYAmt0191851
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03126475
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03081509
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0125996
IRS990/TotalReportableCompFromOrgAmt077692
IRS990/TotalRevenueGrp/ExclusionAmt084214
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0180110
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt024
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03318761
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03273360
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01225 SW THIRD STREET
IRS990/USAddress/CityNm0FARIBAULT
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055021
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$3.27$0.19$3.08$0.18$0.26$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$0.19$3.13$0.17$0.20$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$0.13$3.43$0.31$0.19$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.13$2.88$0.60$0.25$0.36
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$0.10$2.79$0.39$0.22$0.17
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.11$2.53$0.40$0.28$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.11$2.34$0.27$0.19$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.12$2.12$0.23$0.21$0.01
2015Summary only. Only limited summary data is available for this year.$2.23$0.11$2.12$0.29$0.17$0.12
2014Detailed filing. Detailed filing data is available for this year.$2.11$0.10$2.01$0.21$0.15$0.06
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.86$0.11$1.76$0.59$0.19$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.19$1.38$0.14
2011Summary only. Only limited summary data is available for this year.$0.73$0.09$0.64$0.17$0.12$0.04