Civic Intelligence

Cokato Charitable Trust

990 • Fiscal year 2019 • EIN 41-1456124

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 03, 2020

182 Sunset AvenueCokato, MN 55321

(320) 286-2158

Siviq Scores

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

Liabilities / Assets

85th percentile

0.74x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

80th percentile

0.87x

Higher debt load relative to revenue than 80% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

37th percentile

-0.3%

Higher net margin than 37% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$110,459

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

23rd percentile

-3.1%

Faster asset growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

3.4%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$9,192,499

Down $293,136 (-3.1%) from 2018

Net Assets

Up

$2,409,196

Up $7,931 (+0.3%) from 2018

Liabilities

Down

$6,783,303

Down $301,067 (-4.2%) from 2018

Revenue

Up

$7,776,374

Up $257,173 (+3.4%) from 2018

Expenses

Up

$7,802,065

Up $662,977 (+9.3%) from 2018

Net Income

Down

-$25,691

Down $405,804 (-107%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $10,300,800Liabilities 2010: $10,080,805Net Assets 2010: $219,9952010Assets 2011: $10,590,194Liabilities 2011: $9,784,981Net Assets 2011: $805,2132011Assets 2012: $10,787,081Liabilities 2012: $9,560,166Net Assets 2012: $1,226,9152012Assets 2013: $10,804,572Liabilities 2013: $9,276,581Net Assets 2013: $1,527,9912013Assets 2014: $10,411,336Liabilities 2014: $8,832,019Net Assets 2014: $1,579,3172014Assets 2015: $10,103,000Liabilities 2015: $8,452,307Net Assets 2015: $1,650,6932015Assets 2016: $9,797,741Liabilities 2016: $8,122,804Net Assets 2016: $1,674,9372016Assets 2017: $9,609,709Liabilities 2017: $7,543,330Net Assets 2017: $2,066,3792017Assets 2018: $9,485,635Liabilities 2018: $7,084,370Net Assets 2018: $2,401,2652018Assets 2019: $9,192,499Liabilities 2019: $6,783,303Net Assets 2019: $2,409,1962019Assets 2020: $10,048,520Liabilities 2020: $7,633,746Net Assets 2020: $2,414,7742020Assets 2021: $9,103,416Liabilities 2021: $6,113,405Net Assets 2021: $2,990,0112021Assets 2022: $9,130,389Liabilities 2022: $5,498,929Net Assets 2022: $3,631,4602022Assets 2023: $9,656,815Liabilities 2023: $5,176,271Net Assets 2023: $4,480,5442023Assets 2024: $11,205,917Liabilities 2024: $4,606,301Net Assets 2024: $6,599,6162024

Highlighted filing

2019

Assets$9,192,499
Liabilities$6,783,303
Net Assets$2,409,196

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $6,038,4492010Expenses 2011: $6,058,7112011Expenses 2012: $6,132,0942012Revenue 2013: $6,538,073Expenses 2013: $6,204,757Net Income 2013: $333,3162013Revenue 2014: $6,202,772Expenses 2014: $6,157,275Net Income 2014: $45,4972014Revenue 2015: $6,566,072Expenses 2015: $6,480,018Net Income 2015: $86,0542015Revenue 2016: $6,682,730Expenses 2016: $6,670,234Net Income 2016: $12,4962016Revenue 2017: $7,451,365Expenses 2017: $7,034,158Net Income 2017: $417,2072017Revenue 2018: $7,519,201Expenses 2018: $7,139,088Net Income 2018: $380,1132018Revenue 2019: $7,776,374Expenses 2019: $7,802,065Net Income 2019: -$25,6912019Revenue 2020: $7,856,214Expenses 2020: $7,879,868Net Income 2020: -$23,6542020Revenue 2021: $8,785,306Expenses 2021: $8,258,297Net Income 2021: $527,0092021Revenue 2022: $8,893,560Expenses 2022: $8,004,275Net Income 2022: $889,2852022Revenue 2023: $8,056,289Expenses 2023: $7,223,267Net Income 2023: $833,0222023Revenue 2024: $9,850,110Expenses 2024: $7,888,791Net Income 2024: $1,961,3192024

Highlighted filing

2019

Revenue$7,776,374
Expenses$7,802,065
Net Income-$25,691
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 3, 2020
Return Version
2018v3.2
Gross Receipts
$7,776,374
Mission and Program Overview

Mission

The purpose of cokato charitable trust division is to provide quality health and housing services that enhance the quality of life and maintain a maximum level of functioning for our customers.

Provide elderly persons housing and services to meet physical, social, and psychological needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,656,253$4,338,097▼ $318,156
Investments in Publicly Traded Securities$2,639,956$2,700,341▲ $60,385
Savings and Temporary Cash Investments$1,341,657$1,120,352▼ $221,305
Accounts Receivable$802,409$931,474▲ $129,065
Prepaid Expenses and Deferred Charges$45,360$102,235▲ $56,875
Total Assets$9,485,635$9,192,499▼ $293,136
Liabilities
Tax Exempt Bond Liabilities$6,555,013$6,138,494▼ $416,519
Accounts Payable and Accrued Expenses$520,344$634,871▲ $114,527
Escrow Account Liability$9,013$9,938▲ $925
Total Liabilities$7,084,370$6,783,303▼ $301,067
Net Assets / Fund Balance
Unrestricted Net Assets$2,401,265$2,409,196▲ $7,931
Total Net Assets Fund Balance$2,401,265$2,409,196▲ $7,931
Total Liabilities and Net Assets / Fund Balance$9,485,635$9,192,499▼ $293,136

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,651,372$7,369,467$11,020,839
Equipment$403,259$846,738$1,249,997
Other Land Buildings$92,841$155,429$248,270
Land$190,625-$190,625
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James BroichCEO(Oct-June)FT$104,586$5,873$110,459

Board Members and Trustees

NameTitle
Steven HansonChair
Lyle SeversonVice Chair
Anita CarlsonDirector of Finance(Aug-Sep)
Allan AndersonTrustee
Peter BortnemTrustee
Peter ForsmanTrustee
Suzanne KaczmarekTrustee
Patrick RaffertyAdministrator(July-Sep)
Peggy CarlsonSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Pro RehabRehabilitation Therapies200 Lewis Ave S, Watertown, MN 55388$183,828
Revenue and Support

Revenue Composition

Contributions and Grants
$12,650
Program Service Revenue
$7,719,224
Investment Income
$44,500
Other Revenue
$0
All Other Contributions
$12,650
Change in Net Assets
$-25,691

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,776,374
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$33,622
Total Revenue per Audited Statements
$7,809,996
Total Revenue per Form 990
$7,776,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,931,917
Other Expenses$2,787,485
Grants and Similar Amounts Paid$82,663
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,836,925$192,739-$4,029,664
Depreciation Depletion$549,871$32,504-$582,375
Office Expenses$514,992$30,632-$545,624
Other Employee Benefits$451,498$31,657-$483,155
Payroll Taxes$290,209$22,392-$312,601
Interest$284,657$15,853-$300,510
Occupancy$292,518--$292,518
Fees for Services Other$147,691$6,269-$153,960
Current Officers, Directors, Trustees, and Key Employees-$106,497-$106,497
Grants to Domestic Individuals$82,663--$82,663
Insurance$56,604$3,346-$59,950
Information Technology-$50,706-$50,706
Travel$36,883$7,692-$44,575
Advertising$328$43,820-$44,148
Conferences and Meetings$8,494$24,298-$32,792
All Other Expenses$10,442$15,385-$25,827
Fees for Services Accounting-$24,180-$24,180
Other Expenses$67,961$19,676-$19,676
Fees for Services Legal-$11,370-$11,370
Total Functional Expenses$7,163,049$639,016$0$7,802,065

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,802,065
Total Expenses per Audited Statements$7,802,065
Total Expenses per Form 990$7,802,065
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCity of Cokato2006-11-01$5,077,872Refund bonds issued 7/8/1999 & renovations to nursing facility
ACity of Cokato2012-12-27$4,052,282Refund bonds issued 4/29/2004

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$5,077,872$2,392,243$1,397,872$101,557
A$4,052,282$3,796,185$1,442,282$81,046

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 A, line 8B

There are no committees with the authority to act on behalf of the board.

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

The Administrator reviews the Form 990, addressing any comments or changes. Before the return is filed, a copy is provided to the board.

Form 990, Part VI, Section B, line 12C

Cokato Charitable Trust (CCT) has a conflict of interest policy to protect the interest of the organization when contemplating entering into a transaction or arrangement that might benefit the private interest of a member of the Board or key staff of CCT or might result in a possible excess benefit transaction. On an annual basis interested persons, any board member or staff member of CCT who has a direct or indirect financial interest, disclose any conflicts. After disclosure of a financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board meeting while the determination of a conflict of interest is discussed and voted upon. Any disclosed conflicts are addressed by the governing board that determines if the transaction or arrangement is in CCT's best interest, for its own benefit, and whether it is fair and reasonable.

Form 990, Part VI, Section B, line 15A

The Board of Directors used comparative salary information from data compiled by LeadingAge Minnesota in determining compensation. This was completed during this fiscal year.

Form 990, Part VI, Section C, line 19

The organization does not make these documents available to the general public.

Filing and Contact Details

Filer

Filer Name
Cokato Charitable Trust
EIN
41-1456124
Phone
3202862158
Address
182 Sunset Avenue, Cokato, MN 55321

Signing Officer

Name
James Broich
Title
CEO
Phone
3202862158
Signed
2020-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Broich
Formed
1983
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
258
Volunteers
145

Preparer

Firm
Eide Bailly LLP
Address
800 Nicollet Mall Ste 1300, Minneapolis, MN 55402-7033
Preparer
Deb Nelson CPA
Phone
6122536500
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B:

The Trust acts as custodian for the funds of the residents.

Part X, Line 2:

The Trust is organized as a Minnesota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). The Trust is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Trust is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purpose. The Trust believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and, as such, does not have any uncertain tax positions that are material to the financial statements. The Trust would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense, if such interest and penalties are incurred.

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IRS990/InformationTechnologyGrp/TotalAmt050706
IRS990/InsuranceGrp/ManagementAndGeneralAmt03346
IRS990/InsuranceGrp/ProgramServicesAmt056604
IRS990/InsuranceGrp/TotalAmt059950
IRS990/InterestGrp/ManagementAndGeneralAmt015853
IRS990/InterestGrp/ProgramServicesAmt0284657
IRS990/InterestGrp/TotalAmt0300510
IRS990/InvestmentIncomeGrp/ExclusionAmt044500
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt044500
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02639956
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02700341
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08371634
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt04338097
IRS990/LandBldgEquipCostOrOtherBssAmt012709731
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The purpose of Cokato Charitable Trust division is to provide quality health and housing services that enhance the quality of life and maintain a maximum level of functioning for our customers.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02401265
IRS990/NetAssetsOrFundBalancesEOYAmt02409196
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt033622
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0292518
IRS990/OccupancyGrp/TotalAmt0292518
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030632
IRS990/OfficeExpensesGrp/ProgramServicesAmt0514992
IRS990/OfficeExpensesGrp/TotalAmt0545624
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt031657
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0451498
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0483155
IRS990/OtherExpensesGrp/Desc0Medical Supplies
IRS990/OtherExpensesGrp/Desc1Medical Surcharge
IRS990/OtherExpensesGrp/Desc2Bad Debt Expense
IRS990/OtherExpensesGrp/Desc3Dues & Subscriptions
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019676
IRS990/OtherExpensesGrp/ProgramServicesAmt0339850
IRS990/OtherExpensesGrp/ProgramServicesAmt1191463
IRS990/OtherExpensesGrp/ProgramServicesAmt267961
IRS990/OtherExpensesGrp/TotalAmt0339850
IRS990/OtherExpensesGrp/TotalAmt1191463
IRS990/OtherExpensesGrp/TotalAmt267961
IRS990/OtherExpensesGrp/TotalAmt319676
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0192739
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03836925
IRS990/OtherSalariesAndWagesGrp/TotalAmt04029664
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022392
IRS990/PayrollTaxesGrp/ProgramServicesAmt0290209
IRS990/PayrollTaxesGrp/TotalAmt0312601
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045360
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0102235
IRS990/PrincipalOfficerNm0James Broich
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Net Resident Service R
IRS990/ProgramServiceRevenueGrp/Desc1Meal Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07588761
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122610
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07588761
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122610
IRS990/ProgSrvcAccomActy2Grp/Desc0Brookridge is an assisted living residence that holds the key to comfortable and affordable senior housing with a health care touch. At Brookridge, our goal is to provide tenants with all the services needed so they remain vital and active. Our staff strives to help tenants achieve the highest possible level of good health, self-care and independence. As a member of the Brookridge community, their neighbors are their friends. Tenants experience the sense of family that truly encourages them to feel right at home.Brookridge offers the following services to its residents:- Paid utilities (telephone not included) - Free cable television - Three meals a day, including snacks - 24-hour emergency response system - Staffing around-the-clock and an RN available 24-hours a day - Full laundry services, including linens - Housekeeping including refuse removal - Non-emergency scheduled transportation - Fireplace lounge for gatherings, companionship and entertaining - Central air conditioning - Direct access to Chapel - Sprinklers and alarms for fire safety - Convenient, indoor mail drop - Centrally-located elevator - Apartment-sized refrigerator and microwave provided - Barber/beauty shop - Exciting activities program - Off-street parking for you and your guests - Handicap-accessible showers - Daily checking on tenants - Local professional management
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0701787
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0583917
IRS990/ProgSrvcAccomActy3Grp/Desc0Cokato Manor Home Health (CMHH) is another component of the continuum of care to provide the community with comprehensive and compassionate care whereby health, social and supportive services are provided to the individuals in their own home. Our goal in home health is to maximize the level of independence, while minimizing the effects of disabilities and illness.CMHH is licensed by the Minnesota Department of Health as a Comprehensive Home Care Provider and is Medicare Certified and is a contracted provider of most private insurance.Cokato Manor Home Health provides the following services:-Skilled nursing-Physical assessments (ordered by physicians) -Post-hospitalization care -Wound evaluation with dressing changes -Cardiac and respiratory assessments-Medication instruction and follow-up -At-home therapy -Restorative nursing -Physical therapy -Occupational therapy -Speech therapy Home Health Aide- Personal care assistance under the supervision of a RN; bathing, dressing, nutrition assistance - Light housekeeping tasks and meal preparation - Assistance with maintaining safety and independence in the home
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0535141
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0568418
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Cokato Charitable Trust operates and manages Cokato Manor, a 56-bed skilled nursing facility; Heritage Place, a 10-unit housing project for individuals with Alzheimer's and related disorders; Edgewood Gables, a 30-unit independent senior living apartment with services for the elderly; Brookridge, a 16-unit assisted living facility; and Cokato Manor Home Health, a Medicare Certified home health care agency.In addition to operating and managing those facilities, Cokato Charitable Trust offers senior day services, Meals on Wheels, congregate dining, and rehab services.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01143042
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01225082
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02518
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt024884
IRS990/PYInvestmentIncomeAmt043735
IRS990/PYOtherExpensesAmt02691123
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07472948
IRS990/PYRevenuesLessExpensesAmt0380113
IRS990/PYSalariesCompEmpBnftPaidAmt04423081
IRS990/PYTotalExpensesAmt07139088
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07519201
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-25691
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05341807
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01341657
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01120352
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt012650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02518
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt06407
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01440
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt04281
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt027296
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt044500
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt039725
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt028409
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt031621
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt038295
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0182550
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt07719224
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07472948
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07416549
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt06649669
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt06523496
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt035781886
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt044500
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt039725
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt028409
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt031621
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt038295
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0182550
IRS990ScheduleA/InvestmentIncomeCYPct00.00510
IRS990ScheduleA/InvestmentIncomePYPct00.00550
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95760
IRS990ScheduleA/PublicSupportPY509Pct00.96170
IRS990ScheduleA/PublicSupportTotal509Amt034466173
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0380533
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0323855
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0236275
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0297831
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0104515
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01343009
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0380533
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0323855
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0236275
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0297831
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0104515
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01343009
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07731874
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt07475466
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt07422956
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt06651109
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt06527777
IRS990ScheduleA/Total509Grp/TotalAmt035809182
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07776374
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt07515191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt07451365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt06682730
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt06566072
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt035991732
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03651372
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07369467
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011020839
IRS990ScheduleD/EquipmentGrp/BookValueAmt0403259
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0846738
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01249997
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07802065
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0190625
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0190625
IRS990ScheduleD/NetUnrealizedGainsInvstAmt033622
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt092841
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0155429
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0248270
IRS990ScheduleD/RevenueNotReportedAmt033622
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07776374
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Trust acts as custodian for the funds of the residents.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Trust is organized as a Minnesota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). The Trust is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Trust is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purpose. The Trust believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and, as such, does not have any uncertain tax positions that are material to the financial statements. The Trust would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense, if such interest and penalties are incurred.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.2$4.61$6.60$9.85$7.89$1.96
2023Detailed filing. Detailed filing data is available for this year.$9.66$5.18$4.48$8.06$7.22$0.83
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.13$5.50$3.63$8.89$8.00$0.89
2021Detailed filing. Detailed filing data is available for this year.$9.10$6.11$2.99$8.79$8.26$0.53
2020Detailed filing. Detailed filing data is available for this year.$10.0$7.63$2.41$7.86$7.88$0.02
2019Detailed filing. Detailed filing data is available for this year.$9.19$6.78$2.41$7.78$7.80$0.03
2018Detailed filing. Detailed filing data is available for this year.$9.49$7.08$2.40$7.52$7.14$0.38
2017Detailed filing. Detailed filing data is available for this year.$9.61$7.54$2.07$7.45$7.03$0.42
2016Detailed filing. Detailed filing data is available for this year.$9.80$8.12$1.67$6.68$6.67$0.01
2015Detailed filing. Detailed filing data is available for this year.$10.1$8.45$1.65$6.57$6.48$0.09
2014Detailed filing. Detailed filing data is available for this year.$10.4$8.83$1.58$6.20$6.16$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$9.28$1.53$6.54$6.20$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$9.56$1.23$6.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$9.78$0.81$6.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$10.1$0.22$6.04