Civic Intelligence

South Central College Faribault Campus Foundation

990 • Fiscal year 2018 • EIN 41-1451735

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 03, 2018

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

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.29x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$44,811

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

69th percentile

8.2%

Faster asset growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

87th percentile

49%

Faster revenue growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,648,132

Up $201,378 (+8.2%) from 2017

Net Assets

Up

$2,533,153

Up $197,123 (+8.4%) from 2017

Liabilities

Up

$114,979

Up $4,255 (+3.8%) from 2017

Revenue

Up

$400,851

Up $132,124 (+49%) from 2017

Expenses

Up

$283,667

Up $90,220 (+47%) from 2017

Net Income

Up

$117,184

Up $41,904 (+56%) from 2017

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

2018

Assets$2,648,132
Liabilities$114,979
Net Assets$2,533,153

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

2018

Revenue$400,851
Expenses$283,667
Net Income$117,184
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 3, 2018
Return Version
2017v2.3
Gross Receipts
$726,369
Mission and Program Overview

Mission

Supporting post-secondary education

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,971,932$2,051,504▲ $79,572
Cash and Non-Interest-Bearing Accounts$451,810$565,807▲ $113,997
Land, Buildings, and Equipment, Net$20,753$20,064▼ $689
Pledges and Grants Receivable$2,257$8,800▲ $6,543
Total Assets$2,449,976$2,648,132▲ $198,156
Other Assets Total$3,224$1,957▼ $1,267
Liabilities
Grants Payable$106,200$109,105▲ $2,905
Accounts Payable and Accrued Expenses$4,524$5,874▲ $1,350
Total Liabilities$110,724$114,979▲ $4,255
Net Assets / Fund Balance
Unrestricted Net Assets$1,400,938$1,542,484▲ $141,546
Permanently Rstr Net Assets$616,272$660,344▲ $44,072
Temporarily Rstr Net Assets$322,042$330,325▲ $8,283
Total Net Assets Fund Balance$2,339,252$2,533,153▲ $193,901
Total Liabilities and Net Assets / Fund Balance$2,449,976$2,648,132▲ $198,156

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,064$39,757$59,821

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$616,272$44,072--$660,344
2016$561,621$54,651--$616,272
2015$515,164$46,457--$561,621
2014$450,725$31,600▲ $32,839-$515,164
2013$391,689$59,036--$450,725
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shelly M RockmanExecutive DirectorPT$44,811$44,811

Board Members and Trustees

NameTitle
Richard CookPresident
Barton JacksonDirector
Carla BradyDirector
Carmen DorrDirector
Cathy HobanDirector
Donna KaspersenDirector
Jamie EricksonDirector
Jason RobinsonDirector
Jennifer LibbyDirector
Jerry GroskreutzDirector
Michael GramseDirector
Trisha RosenfeldDirector
Dr Cheryl FreundAt Lg Officer
Dr Dick HustonAt Lg Officer
Dr Richard BergeHonorary
Doug ZahnSec/treas
Rick MillerVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$265,311
Program Service Revenue
$0
Investment Income
$135,540
Other Revenue
$0
All Other Contributions
$265,311
Change in Net Assets
$117,184

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$50,000Fair Market Value (FMV)
Total Noncash Contributions1$50,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$206,254
Salaries, Compensation, and Employee Benefits$52,316
Other Expenses$25,097
Total Fundraising Expense$4,498
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$206,254--$206,254
Current Officers, Directors, Trustees, and Key Employees-$44,811-$44,811
Depreciation Depletion$7,829--$7,829
Fees for Services Accounting-$4,275-$4,275
Other Employee Benefits-$4,143-$4,143
Payroll Taxes-$3,362-$3,362
Advertising-$3,291-$3,291
Information Technology-$2,534-$2,534
Insurance-$1,300-$1,300
Office Expenses-$1,215-$1,215
Other Expenses-$155$4,498$155
Total Functional Expenses$214,083$65,086$4,498$283,667
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

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
South Central College
EIN
41-1451735
Phone
5073325808
Address
1225 SW 3RD ST, FARIBAULT, MN 55021-5720

Signing Officer

Name
Shelly Rockman
Title
Executive Director
Phone
5073325808
Signed
2018-12-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shelly Rockman
Formed
1983
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
60

Preparer

Firm
Judd Ostermann & Demro 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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IRS990/NoncashContributionsAmt095234
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01215
IRS990/OfficeExpensesGrp/TotalAmt01215
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03224
IRS990/OtherAssetsTotalGrp/EOYAmt01957
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04143
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04143
IRS990/OtherExpensesGrp/Desc0EVENTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt04498
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0155
IRS990/OtherExpensesGrp/TotalAmt04498
IRS990/OtherExpensesGrp/TotalAmt1155
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03362
IRS990/PayrollTaxesGrp/TotalAmt03362
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0616272
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0660344
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02257
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt08800
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SHELLY ROCKMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0194518
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0119487
IRS990/PYInvestmentIncomeAmt074209
IRS990/PYOtherExpensesAmt021571
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt075280
IRS990/PYSalariesCompEmpBnftPaidAmt052389
IRS990/PYTotalExpensesAmt0193447
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0268727
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0117184
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0265311
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01971932
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02051504
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0265311
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0194518
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0177154
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0235864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0176359
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01049206
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0135540
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt074209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt050202
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt054681
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt033905
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0348537
IRS990ScheduleA/PublicSupportCY170Pct00.75060
IRS990ScheduleA/PublicSupportPY170Pct00.85720
IRS990ScheduleA/PublicSupportTotal170Amt01049206
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0265311
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0194518
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0177154
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0235864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0176359
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01049206
IRS990ScheduleA/TotalSupportAmt01397743
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0616272
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt044072
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0660344
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0561621
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt054651
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0616272
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0515164
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt046457
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0561621
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0450725
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt031600
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0515164
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt032839
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0391689
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt059036
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0450725
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt020064
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039757
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059821
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS FOR SUPPORTING POST-SECONDARY EDUCATION
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020064
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0114705
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt086349
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0124
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SUPPLIES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt050000
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0322042
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0330325
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02449976
IRS990/TotalAssetsEOYAmt02648132
IRS990/TotalAssetsGrp/BOYAmt02449976
IRS990/TotalAssetsGrp/EOYAmt02648132
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0265311
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04498
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065086
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0214083
IRS990/TotalFunctionalExpensesGrp/TotalAmt0283667
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0110724

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
2018Detailed filing. Detailed filing data is available for this year.$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