Civic Intelligence

Inver Grove Heights B E S T Foundation

990 • Fiscal year 2019 • EIN 41-1672077

Jul 01, 2018 to Jun 30, 2019 • Filed on May 08, 2020

Organization Profilewww.ighbestfoundation.com
PO Box 2276Inver Grove Heights, MN 55076

(651) 560-6884

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.10x

Higher debt load relative to assets than 53% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.66x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

52nd percentile

3.7%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

3.7%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$1,531,547

Up $55,248 (+3.7%) from 2018

Net Assets

Up

$1,380,028

Up $76,357 (+5.9%) from 2018

Liabilities

Down

$151,519

Down $21,109 (-12%) from 2018

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin85th percentile

Revenue

Up

$230,156

Up $8,113 (+3.7%) from 2018

Expenses

Down

$153,799

Down $60,346 (-28%) from 2018

Net Income

Up

$76,357

Up $68,459 (+867%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,153,009Liabilities 2010: $197,080Net Assets 2010: $955,9292010Assets 2011: $1,163,419Liabilities 2011: $198,400Net Assets 2011: $965,0192011Assets 2012: $1,305,333Liabilities 2012: $206,084Net Assets 2012: $1,099,2492012Assets 2013: $1,353,814Liabilities 2013: $196,234Net Assets 2013: $1,157,5802013Assets 2014: $1,452,581Liabilities 2014: $211,482Net Assets 2014: $1,241,0992014Assets 2015: $1,433,168Liabilities 2015: $226,193Net Assets 2015: $1,206,9752015Assets 2016: $1,410,118Liabilities 2016: $191,600Net Assets 2016: $1,218,5182016Assets 2017: $1,464,323Liabilities 2017: $168,550Net Assets 2017: $1,295,7732017Assets 2018: $1,476,299Liabilities 2018: $172,628Net Assets 2018: $1,303,6712018Assets 2019: $1,531,547Liabilities 2019: $151,519Net Assets 2019: $1,380,0282019Assets 2020: $1,583,437Liabilities 2020: $164,740Net Assets 2020: $1,418,6972020Assets 2021: $1,805,647Liabilities 2021: $189,646Net Assets 2021: $1,616,0012021Assets 2022: $1,876,254Liabilities 2022: $271,660Net Assets 2022: $1,604,5942022Assets 2023: $1,870,855Liabilities 2023: $227,245Net Assets 2023: $1,643,6102023Assets 2024: $1,995,950Liabilities 2024: $184,397Net Assets 2024: $1,811,5532024

Highlighted filing

2019

Assets$1,531,547
Liabilities$151,519
Net Assets$1,380,028
Open 2019 Filing

Operations Trend

Revenue Growth49th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $205,5232010Revenue 2011: $208,685Expenses 2011: $199,595Net Income 2011: $9,0902011Revenue 2012: $336,414Expenses 2012: $202,184Net Income 2012: $134,2302012Revenue 2013: $263,610Expenses 2013: $205,279Net Income 2013: $58,3312013Revenue 2014: $297,164Expenses 2014: $213,645Net Income 2014: $83,5192014Revenue 2015: $197,165Expenses 2015: $231,289Net Income 2015: -$34,1242015Revenue 2016: $223,459Expenses 2016: $211,916Net Income 2016: $11,5432016Revenue 2017: $273,936Expenses 2017: $196,681Net Income 2017: $77,2552017Revenue 2018: $222,043Expenses 2018: $214,145Net Income 2018: $7,8982018Revenue 2019: $230,156Expenses 2019: $153,799Net Income 2019: $76,3572019Revenue 2020: $140,003Expenses 2020: $166,318Net Income 2020: -$26,3152020Revenue 2021: $127,085Expenses 2021: $170,912Net Income 2021: -$43,8272021Revenue 2022: $511,637Expenses 2022: $259,151Net Income 2022: $252,4862022Revenue 2023: $166,035Expenses 2023: $172,372Net Income 2023: -$6,3372023Revenue 2024: $152,202Expenses 2024: $123,349Net Income 2024: $28,8532024

Highlighted filing

2019

Revenue$230,156
Expenses$153,799
Net Income$76,357
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 8, 2020
Return Version
2018v3.1
Gross Receipts
$250,378
Mission and Program Overview

Mission

Solicit and distribute funds for scholarships for students of Independent School District 199.

To raise and award funds for post-secondary scholarships to Simley High School graduates

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,440,291$1,520,198▲ $79,907
Pledges and Grants Receivable$36,008$10,605▼ $25,403
Prepaid Expenses and Deferred Charges$0$744▲ $744
Total Assets$1,476,299$1,531,547▲ $55,248
Liabilities
Other Liabilities$172,628$151,519▼ $21,109
Total Liabilities$172,628$151,519▼ $21,109
Net Assets / Fund Balance
Temporarily Rstr Net Assets$808,160$821,229▲ $13,069
Unrestricted Net Assets$234,321$282,609▲ $48,288
Permanently Rstr Net Assets$261,190$276,190▲ $15,000
Total Net Assets Fund Balance$1,303,671$1,380,028▲ $76,357
Total Liabilities and Net Assets / Fund Balance$1,476,299$1,531,547▲ $55,248

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,069,450$70,955▲ $81,926$132,719$1,089,612
2018$1,051,739$69,844▲ $60,367$112,500$1,069,450
2017$1,006,977$70,950▲ $84,623$110,811$1,051,739
2016$1,002,221$112,840▲ $5,216$113,300$1,006,977
2015$998,392$83,011▲ $28,135$107,317$1,002,221
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Dave LeickPast President
Cindy NordstromPresident
Gina WrightVice President
Brenda VerWayDirector
Darlene TinucciDirector
Jill LewisDirector
Jodi HassingDirector
Joe AtkinsDirector
Paul HarkDirector
Polly TabbertDirector
Rachel KuenzliDirector
Sally McHenryDirector
Sherry WarrickDirector
David BernhardsonEx-Officio
Patti NalipinskiSecretary
Ron HaalaTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$118,622
Program Service Revenue
$0
Investment Income
$111,534
Other Revenue
$0
All Other Contributions
$70,909
Change in Net Assets
$76,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$134,519
Other Expenses$19,280
Total Fundraising Expense$221
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$134,519--$134,519
Fees for Services Accounting-$13,646-$13,646
Other Expenses-$3,269-$3,269
Office Expenses-$1,584$221$1,805
Insurance-$560-$560
Total Functional Expenses$134,519$19,059$221$153,799
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$20,222
Fundraising Gross Income$20,222
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Dinner$35,084$9,366$313$9,053
Golf Tournament$28,490$7,458$710$6,748
Total Events$67,935$20,222$20,222$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
Scholarships & grants payable$151,519
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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 Form 990 is reviewed by the Executive Committee. The entire board does not review the Form 990.”

Form 990, Part VI, Section C, line 19

“The Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Inver Grove Heights BEST Foundation
EIN
41-1672077
Phone
6515606884
Address
PO Box 2276, Inver Grove Heights, MN 55076

Signing Officer

Name
Cindy Nordstrom
Title
President
Phone
6515606884
Signed
2020-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Nordstrom
Formed
1992
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
25

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Suite 410, Minneapolis, MN 55416
Preparer
Thomas A Karnowski
Phone
9525450424
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

“Endowments are used to ensure the continuation of the scholarship program for generations to come in addition to generating earnings to fund future scholarships.”

Raw XML AppendixShowing 400 of 485 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To raise and award funds for post-secondary scholarships to Simley High School graduates
IRS990/AllOtherContributionsAmt070909
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Patti Nalipinski
IRS990/BooksInCareOfDetail/PhoneNum06128409782
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06822 Benton Circle
IRS990/BooksInCareOfDetail/USAddress/CityNm0Inver Grove Heights
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055076
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt047713
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0118622
IRS990/CYGrantsAndSimilarPaidAmt0134519
IRS990/CYInvestmentIncomeAmt0111534
IRS990/CYOtherExpensesAmt019280
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt076357
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0153799
IRS990/CYTotalFundraisingExpenseAmt0221
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0230156
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0The Inver Grove Heights B.E.S.T. Foundation has no paid staff. The board of directors are all volunteers and leverage community relationships and businesses to assist in both our fundraising activities and the creation of individual scholarships for our graduating seniors. The board leads two or three fundraisers each year, a May Day 5K, Gala Fundraising Dinner & Silent Auction, and a Golf Tournament. All the funds generated by these events pay for the operating costs of the Foundation, as well as the annual Inver Grove Heights B.E.S.T. Foundation Academic Scholarships. In addition to the scholarships provided by the annual fundraisers, individual scholarships are funded by local and national businesses, memorials, and family donations. In 1988, the first year scholarships were awarded through the Foundation, $2,000 was awarded. In May 2019, 105 scholarships totaling over $149,000 were awarded.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0134519
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013646
IRS990/FeesForServicesAccountingGrp/TotalAmt013646
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt015.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt310.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0Cindy Nordstrom
IRS990/Form990PartVIISectionAGrp/PersonNm1Gina Wright
IRS990/Form990PartVIISectionAGrp/PersonNm2Ron Haala
IRS990/Form990PartVIISectionAGrp/PersonNm3Patti Nalipinski
IRS990/Form990PartVIISectionAGrp/PersonNm4Dave Leick
IRS990/Form990PartVIISectionAGrp/PersonNm5Sally McHenry
IRS990/Form990PartVIISectionAGrp/PersonNm6Jill Lewis
IRS990/Form990PartVIISectionAGrp/PersonNm7Paul Hark
IRS990/Form990PartVIISectionAGrp/PersonNm8Brenda VerWay
IRS990/Form990PartVIISectionAGrp/PersonNm9Jodi Hassing
IRS990/Form990PartVIISectionAGrp/PersonNm10Darlene Tinucci
IRS990/Form990PartVIISectionAGrp/PersonNm11Sherry Warrick
IRS990/Form990PartVIISectionAGrp/PersonNm12David Bernhardson
IRS990/Form990PartVIISectionAGrp/PersonNm13Polly Tabbert
IRS990/Form990PartVIISectionAGrp/PersonNm14Rachel Kuenzli
IRS990/Form990PartVIISectionAGrp/PersonNm15Joe Atkins
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasuer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Ex-Officio
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt047713
IRS990/FundraisingDirectExpensesAmt020222
IRS990/FundraisingGrossIncomeAmt020222
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt0134519
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0134519
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0134519
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0250378
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0560
IRS990/InsuranceGrp/TotalAmt0560
IRS990/InvestmentIncomeGrp/ExclusionAmt0111534
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0111534
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The goal of the foundation is to raise funds and make access to post-secondary education more attainable through meaningful scholarships for students graduating from Simley High school in Inver Grove Heights, MN. Of those served in our community, 22% are Latino, 8% African American, 4% Asian, 61% Caucasian, and 5% not available.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01303671
IRS990/NetAssetsOrFundBalancesEOYAmt01380028
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0221
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01584
IRS990/OfficeExpensesGrp/TotalAmt01805
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Other expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03269
IRS990/OtherExpensesGrp/TotalAmt03269
IRS990/OtherLiabilitiesGrp/BOYAmt0172628
IRS990/OtherLiabilitiesGrp/EOYAmt0151519
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0261190
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0276190
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt036008
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt010605
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0744
IRS990/PrincipalOfficerNm0Cindy Nordstrom
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0126712
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0145028
IRS990/PYInvestmentIncomeAmt095331
IRS990/PYOtherExpensesAmt034201
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt07898
IRS990/PYSalariesCompEmpBnftPaidAmt034916
IRS990/PYTotalExpensesAmt0214145
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0222043
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt076357
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01440291
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01520198
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0118622
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0126712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0137638
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0210162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0142552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0735686
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0111534
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt095331
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0136298
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt013297
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt054613
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0411073
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56430
IRS990ScheduleA/PublicSupportPY170Pct00.55000
IRS990ScheduleA/PublicSupportTotal170Amt0647111
IRS990ScheduleA/SubstantialContributorsTotAmt088575
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0118622
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0126712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0137638
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0210162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0142552
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0735686
IRS990ScheduleA/TotalSupportAmt01146759
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/BeginningYearBalanceAmt01069450
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt070955
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01089612
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt081926
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0132719
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01051739
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt069844
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01069450
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt060367
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0112500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01006977
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt070950
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01051739
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt084623
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0110811
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01002221
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0112840
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01006977
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05216
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0113300
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0998392
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt083011
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01002221
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt028135
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0107317
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0151519
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Scholarships & grants payable
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.27830
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowments are used to ensure the continuation of the scholarship program for generations to come in addition to generating earnings to fund future scholarships.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.72170
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0151519
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt03650
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt03650
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt047713
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt021032
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt025718
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt0963
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt020222
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt05448
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt05448
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Tournament
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Gala Dinner
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01300
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt02423
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03723
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028490
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt035084
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt04361
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt067935
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt07458
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt09366
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt03398
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt020222
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt03398
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04421
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0710
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0313
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02980
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02980
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0134519
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Student scholarship awards
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0119
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The foundation monitors the use of scholarship awards through detailed recordkeeping. The recordkeeping includes the organization the money will go to and the individual receiving the scholarship. Individuals receiving scholarships are assigned a specific identification number.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the Executive Committee. The entire board does not review the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Foundation makes its governing documents, conflict of interest policy, and financial statements 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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,531,547
Liabilities
$151,519
Net assets
$1,380,028
Revenue
$230,156
Expenses
$153,799
Net income
$76,357
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.18$1.81$0.15$0.12$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.23$1.64$0.17$0.17$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.27$1.60$0.51$0.26$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$0.19$1.62$0.13$0.17$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.16$1.42$0.14$0.17$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.53$0.15$1.38$0.23$0.15$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.17$1.30$0.22$0.21$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.17$1.30$0.27$0.20$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.41$0.19$1.22$0.22$0.21$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.23$1.21$0.20$0.23$0.03
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.21$1.24$0.30$0.21$0.08
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.35$0.20$1.16$0.26$0.21$0.06
2012Summary only. Only limited summary data is available for this year.$1.31$0.21$1.10$0.34$0.20$0.13
2011Summary only. Only limited summary data is available for this year.$1.16$0.20$0.97$0.21$0.20$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.20$0.96$0.21