Ada Scholarship Foundation Inc.

990PF • Fiscal year 2018 • EIN 41-1566681

Jun 01, 2017 to May 31, 2018 • Filed on Nov 08, 2018

Organization Profile

901 West 1st Ave SAda, MN 56510

(218) 784-5606

Siviq Scores

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

0.00x

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

2018 filings • $1M-$5M nonprofits • Source year 2018

0.00x

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

2018 filings • $1M-$5M nonprofits • Source year 2018

40%

Higher net margin than 86% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Source year 2018

Higher top officer pay than 42% of similar nonprofits.

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

2018 filings • $1M-$5M nonprofits • Source year 2018

4.5%

Faster asset growth than 64% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Annualized from 2017 to 2018

75%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / Assets26th percentile

Assets

$2,212,760

Up $95,633 (+4.5%) from 2017

Net Assets

$2,212,760

Up $95,633 (+4.5%) from 2017

Liabilities

Flat

Flat from 2017

Revenue And Expenses

Liabilities / Revenue26th percentile Net Margin86th percentile

Revenue

$238,681

Up $101,932 (+75%) from 2017

Expenses

Down

$143,048

Down $1,476 (-1.0%) from 2017

Net Income

$95,633

Up $103,408 (+1330%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

Highlighted filing

2018

Assets$2,212,760

Liabilities$0

Net Assets$2,212,760

Open 2018 Filing

Operations Trend

Revenue Growth90th percentile

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

Highlighted filing

2018

Revenue$238,681

Expenses$143,048

Net Income$95,633

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jun 1, 2017 to May 31, 2018
Signed: Nov 8, 2018
Return Version: 2017v2.2

Compensation and Service Providers

Top Officer Pay42nd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
CYNTHIA ANN JULIN	Vice President	-	$0	-	-
DAVID SOLSENG	President	-	$0	-	-
TRUDY MICKELSON	Treasurer	-	$0	-	-
BARBARA ANNE LARSON	Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Ada Scholarship Foundation Inc
EIN: 41-1566681
Phone: 2187845606
Address: 901 WEST 1ST AVE S, ADA, MN 56510

Signing Officer

Name: Trudy Mickelson
Title: Treasurer
Phone: 2187845606
Signed: 2018-11-08
Discuss with paid preparer: Yes

Preparer

Firm: AgCountry Farm Credit Services
Address: 901 W 1ST AVE S, ADA, MN 56510
Preparer: Trudy Mickelson EA
Phone: 2187847263

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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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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	2	TRUDY MICKELSON
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	3	BARBARA ANNE LARSON
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IRS990PF/StatementsRegardingActyGrp/Form990TFiledInd	0	false
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd	0	false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt	0	901 WEST 1ST AVE S
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm	0	ADA
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd	0	MN
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd	0	56510
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd	0	false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd	0	MN
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd	0	false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt	0	TRUDY MICKELSON
IRS990PF/StatementsRegardingActyGrp/PhoneNum	0	2187845606
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd	0	false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd	0	true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt	0	N/A
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt	0	SEE ATTACHED.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm	0	ADA BORUP HIGH SCHOOL
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum	0	2187845300
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt	0	604 W THORPE AVE
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/CityNm	0	ADA
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/StateAbbreviationCd	0	MN
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd	0	56510
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt	0	AWARDS TO HIGH SCHOOL STUDENTS IN ADA, MINNESOTA, OR THE NORMAN COUNTY AREA OF MINNESOTA, FOR THE PURPOSE OF ACQUIRING A HIGHER EDUCATION. STUDENTS MUST MAINTAIN A 3.0 GPA, AND PROVIDE THREE LETTERS OF CHARACTER REFERENCE FROM NON-RELATIVES.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt	0	APRIL 20, 2017
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	0	112400
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	0	EDUCATION SCHOLARSHIP
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	0	STUDENT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm	0	VARIOUS - SEE SUPPORTING SCH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt	0	NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	0	VARIOUS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	0	ADA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	0	MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	0	56510
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt	0	112400
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt	0	86583
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt	0	25817
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	130249
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	112400
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	43666
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt	0	25817
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	Bank Charges
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	Special Event Expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	279
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	108
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	6161
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	148
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	Income From Special Events
OtherIncomeSchedule2/OtherIncomeDetail/Desc	1	N/T Interest & Dividends
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	0	10688
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	1	58356
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt	0	0
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt	1	0
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt	0	20417
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt	1	935
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt	0	Investment Management Fees
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt	1	Speech Judging
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt	0	0
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt	1	0
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt	0	20417
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt	1	0
ReturnHeader/BuildTS	0	2019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	TRUDY MICKELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2187845606
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2018-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	ADA SCHOLARSHIP FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt	0	ADAS
ReturnHeader/Filer/EIN	0	411566681
ReturnHeader/Filer/PhoneNum	0	2187845606
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	901 WEST 1ST AVE S
ReturnHeader/Filer/USAddress/CityNm	0	ADA
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MN
ReturnHeader/Filer/USAddress/ZIPCd	0	56510
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	450455254
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	AgCountry Farm Credit Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	901 W 1ST AVE S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	ADA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	56510
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2187847263
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Trudy Mickelson EA
ReturnHeader/ReturnTs	0	2018-11-08T11:54:15-08:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/TaxPeriodBeginDt	0	2017-06-01
ReturnHeader/TaxPeriodEndDt	0	2018-05-31
ReturnHeader/TaxYr	0	2017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,212,760
Liabilities: $0
Net assets: $2,212,760
Revenue: $238,681
Expenses: $143,048
Net income: $95,633

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$2.72	$0.00	$2.72	$0.35	$0.20	$0.15
2024Detailed filing. Detailed filing data is available for this year.	$2.57	$0.00	$2.57	$0.19	$0.18	$0.01
2023Detailed filing. Detailed filing data is available for this year.	$2.56	$0.00	$2.56	$0.21	$0.15	$0.06
2022Detailed filing. Detailed filing data is available for this year.	$2.50	$0.00	$2.50	$0.17	$0.15	$0.02
2021Detailed filing. Detailed filing data is available for this year.	$2.48	$0.00	$2.48	$0.36	$0.15	$0.21
2020Detailed filing. Detailed filing data is available for this year.	$2.27	$0.00	$2.27	$0.17	$0.17	$0.00
2019Detailed filing. Detailed filing data is available for this year.	$2.27	$0.00	$2.27	$0.20	$0.14	$0.05
2018Detailed filing. Detailed filing data is available for this year.	$2.21	$0.00	$2.21	$0.24	$0.14	$0.10
2017Detailed filing. Detailed filing data is available for this year.	$2.12	$0.00	$2.12	$0.14	$0.14	$0.01
2016Detailed filing. Detailed filing data is available for this year.	$2.12	$0.00	$2.12	$0.13	$0.14	$0.02
2015Detailed filing. Detailed filing data is available for this year.	$2.14	$0.00	$2.14	$0.21	$0.14	$0.06
2014Detailed filing. Detailed filing data is available for this year.	$2.08	$0.00	$2.08	$0.17	$0.15	$0.03
2013Detailed filing. Detailed filing data is available for this year.	$2.05	$0.00	$2.05	$0.15	$0.14	$0.01
2012Summary only. Only limited summary data is available for this year.	$2.04	$0.00		$0.11	$0.14	$0.03