Civic Intelligence

District 279 Foundation

990 • Fiscal year 2020 • EIN 41-1705060

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 26, 2021

11200 93rd Avenue NorthMaple Grove, MN 55369

(763) 391-7115

Siviq Scores

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

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.07x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

77th percentile

26%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

51st percentile

6.6%

Faster asset growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

35th percentile

-12%

Faster revenue growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$917,711

Up $57,130 (+6.6%) from 2019

Net Assets

Up

$906,811

Up $51,230 (+6.0%) from 2019

Liabilities

Up

$10,900

Up $5,900 (+118%) from 2019

Revenue

Down

$158,807

Down $21,307 (-12%) from 2019

Expenses

Down

$117,520

Down $45,863 (-28%) from 2019

Net Income

Up

$41,287

Up $24,556 (+147%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $778,959Liabilities 2011: $15,881Net Assets 2011: $763,0782011Assets 2012: $745,518Liabilities 2012: $628Net Assets 2012: $744,8902012Assets 2013: $782,184Liabilities 2013: $7,768Net Assets 2013: $774,4162013Assets 2014: $860,400Liabilities 2014: $16,270Net Assets 2014: $844,1302014Assets 2015: $870,852Liabilities 2015: $6,660Net Assets 2015: $864,1922015Assets 2016: $864,985Liabilities 2016: $15,447Net Assets 2016: $849,5382016Assets 2017: $846,567Liabilities 2017: $6,366Net Assets 2017: $840,2012017Assets 2018: $844,272Liabilities 2018: $8,104Net Assets 2018: $836,1682018Assets 2019: $860,581Liabilities 2019: $5,000Net Assets 2019: $855,5812019Assets 2020: $917,711Liabilities 2020: $10,900Net Assets 2020: $906,8112020Assets 2021: $1,034,498Liabilities 2021: $0Net Assets 2021: $1,034,4982021Assets 2022: $1,012,269Liabilities 2022: $0Net Assets 2022: $1,012,2692022Assets 2023: $1,043,835Liabilities 2023: $0Net Assets 2023: $1,043,8352023Assets 2024: $1,105,932Liabilities 2024: $0Net Assets 2024: $1,105,9322024

Highlighted filing

2020

Assets$917,711
Liabilities$10,900
Net Assets$906,811

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $182,738Expenses 2011: $115,185Net Income 2011: $67,5532011Revenue 2012: $131,644Expenses 2012: $125,288Net Income 2012: $6,3562012Revenue 2013: $110,498Expenses 2013: $94,323Net Income 2013: $16,1752013Revenue 2014: $155,726Expenses 2014: $113,393Net Income 2014: $42,3332014Revenue 2015: $88,217Expenses 2015: $74,852Net Income 2015: $13,3652015Revenue 2016: $94,694Expenses 2016: $93,541Net Income 2016: $1,1532016Revenue 2017: $114,467Expenses 2017: $139,884Net Income 2017: -$25,4172017Revenue 2018: $154,889Expenses 2018: $173,783Net Income 2018: -$18,8942018Revenue 2019: $180,114Expenses 2019: $163,383Net Income 2019: $16,7312019Revenue 2020: $158,807Expenses 2020: $117,520Net Income 2020: $41,2872020Revenue 2021: $177,129Expenses 2021: $112,522Net Income 2021: $64,6072021Revenue 2022: $162,293Expenses 2022: $135,480Net Income 2022: $26,8132022Revenue 2023: $198,711Expenses 2023: $167,145Net Income 2023: $31,5662023Revenue 2024: $234,763Expenses 2024: $172,666Net Income 2024: $62,0972024

Highlighted filing

2020

Revenue$158,807
Expenses$117,520
Net Income$41,287
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 26, 2021
Return Version
2019v5.2
Gross Receipts
$396,144
Mission and Program Overview

Mission

District 279 Foundation supports and enhances dedication to all students in Independent School District No. 279 (ISD 279). In partnership with ISD 279, the Foundation's vision is to provide learning opportunities for students in Osseo Area Schools by funding programs, projects, and other opportunities that are not presently available through the District's budget. The Foundation is made up of compassionate community members who believe that there is a moral, social, and economic imperative to support student success and equitable student achievement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$467,393$526,258▲ $58,865
Investments in Publicly Traded Securities$265,352$268,144▲ $2,792
Cash and Non-Interest-Bearing Accounts$18,174$15,611▼ $2,563
Prepaid Expenses and Deferred Charges$6,383$3,777▼ $2,606
Accounts Receivable$965--
Land, Buildings, and Equipment, Net$1,700$567▼ $1,133
Total Assets$860,581$917,711▲ $57,130
Other Assets Total$100,614$103,354▲ $2,740
Liabilities
Unsecured Notes Loans Payable-$10,900-
Accounts Payable and Accrued Expenses$5,000--
Total Liabilities$5,000$10,900▲ $5,900
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$513,141$539,937▲ $26,796
Net Assets With Donor Restrictions$342,440$366,874▲ $24,434
Total Net Assets Fund Balance$855,581$906,811▲ $51,230
Total Liabilities and Net Assets / Fund Balance$860,581$917,711▲ $57,130

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$567$2,833$3,400
Other Assets Org$103,354--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$325,439-▲ $7,765-$323,974
2019$318,387-▲ $8,933-$325,439
2018$317,531-▲ $3,071-$318,387
2017$314,351-▲ $3,180-$317,531
2016$316,275-▼ $1,766-$314,351
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adja KabaPast President
Gretchen PeelPresident
Joe AntonVice President
Brian Siverson HallExecutive Director
Don SkoglundTrustee
Donna HawleyTrustee
Jason BauerlyTrustee
Karen JaegerTrustee
Kelly WilsonTrustee
Kyle PetersTrustee
Lori Lienemann HartkopfTrustee
Mary Ellen DeboisTrustee
Russ FunkTrustee
Shannon CoughlinTrustee
Shelly KorbyTrustee
Vickie ParksTrustee
Heather AyerSecretary
Don WaletzkoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$115,460
Program Service Revenue
$4,863
Investment Income
$2,181
Other Revenue
$36,303
All Other Contributions
$115,460
Change in Net Assets
$41,287

Audited Revenue Reconciliation

Revenue per Audited Statements
$158,807
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$44,855
Total Revenue per Audited Statements
$203,662
Total Revenue per Form 990
$158,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$57,096
Grants and Similar Amounts Paid$41,066
Other Expenses$19,358
Total Fundraising Expense$10,906
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,059$7,941$7,941$52,941
Grants to Domestic Orgs$41,066--$41,066
Fees for Services Accounting-$7,435-$7,435
Payroll Taxes$2,909$623$623$4,155
Office Expenses-$3,502-$3,502
Depreciation Depletion-$1,133-$1,133
Insurance-$726-$726
Other Expenses$3,508$712$2,342$712
Total Functional Expenses$84,542$22,072$10,906$117,520

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$152,432
Expenses per Audited Statements$117,520
Total Expenses per Form 990$117,520
Expenses Not Reported on Form 990$34,912
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Osseo Area Schools (ISD 279)Maple Grove, MNOsseo Area SchoolsFunding classroom innovations and opportunities.$37,566
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$71,215
Fundraising Direct Expenses$34,912
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
A Night Out$62,625$62,625$9,981$52,644
Reading Is Fun Run$8,590$8,590$4,842$3,748
Total Events$71,215$71,215$34,912$36,303
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
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The Form 990 is reviewed by the Executive Committee and then by the full board before it is filed.

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

The Board of Directors monitors the conflict of interest policy and discusses the importance of compliance with the policy at least annually at a board meeting.

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
District 279 Foundation
EIN
41-1705060
Phone
7633917115
Address
11200 93rd Avenue North, Maple Grove, MN 55369

Signing Officer

Name
Gretchen Peel
Title
President
Phone
7634203149
Signed
2021-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gretchen Peel
Formed
1991
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
17
Employees
2
Volunteers
500

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Ste 410, Minneapolis, MN 55416
Preparer
Victoria L Holinka
Phone
9525450424
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The governing body provides oversight over the audit, financial reports, and selection of the independent auditor. Form 990 is reviewed by the executive committee and then by the full board. This process has not changed from the prior year.

Related Organization Compensation

Made and effort to obtain information regarding any compensation paid from a related organization. No such transactions noted per responses received.

Financial Statement Notes

Part V, Line 4:

Annual earnings equal to 1% and exceeding 7% of the principal balance are added to the principal balance. Earnings not added to the principal balance may be used to provide learning opportunities for students in ISD 279 by funding scholarships and programs, projects, and other opportunities not presently available through ISD 279's budget.

Part X, Line 2:

District 279 Foundation (the Foundation) is exempt from taxation as a nonprofit corporation in accordance with Code Section 501(c)(3) of the Internal Revenue Code (IRC) and comparable state law, and contributions to it are tax deductible within the limitations prescribed by the IRC. The Foundation follows the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10, Income Taxes. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Foundation has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The Foundation believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Foundation's financial condition, results of operations, or cash flows. Accordingly, the Foundation has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at June 30, 2020. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.

Part XI, Line 2D - Other Adjustments:

Fundraising direct expenses 34,912.

Part XII, Line 2D - Other Adjustments:

Fundraising direct expenses 34,912.

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IRS990/Form990PartVIISectionAGrp/TitleTxt14Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt15Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt16President
IRS990/Form990PartVIISectionAGrp/TitleTxt17Executive Director
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IRS990/MissionDesc0District 279 Foundation supports and enhances dedication to all students in Independent School District No. 279 (ISD 279). In partnership with ISD 279, the Foundation's vision is to provide learning opportunities for students in Osseo Area Schools by funding programs, projects, and other opportunities that are not presently available through the District's budget. The Foundation is made up of compassionate community members who believe that there is a moral, social, and economic imperative to support student success and equitable student achievement.
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IRS990/OtherExpensesGrp/TotalAmt2712
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IRS990/PartialLiquidationInd00
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt041287
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04863
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0467393
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0526258
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0115460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt097376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt088260
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt072078
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt065351
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04116
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02604
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt043994
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64660
IRS990ScheduleA/PublicSupportPY170Pct00.64630
IRS990ScheduleA/PublicSupportTotal170Amt0438525
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt072078
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt065351
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0438525
IRS990ScheduleA/TotalSupportAmt0678231
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt038273
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0195712
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0325439
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0323974
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt09230
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt07765
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0325439
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01881
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08933
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0318387
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt02215
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03071
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0317531
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03180
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0316275
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0158
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1766
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0117520
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.23$0.17$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.20$0.17$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.16$0.14$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.18$0.11$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.92$0.01$0.91$0.16$0.12$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.86$0.18$0.16$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.84$0.01$0.84$0.15$0.17$0.02
2017Summary only. Only limited summary data is available for this year.$0.85$0.01$0.84$0.11$0.14$0.03
2016Summary only. Only limited summary data is available for this year.$0.86$0.02$0.85$0.09$0.09$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.01$0.86$0.09$0.07$0.01
2014Summary only. Only limited summary data is available for this year.$0.86$0.02$0.84$0.16$0.11$0.04
2013Summary only. Only limited summary data is available for this year.$0.78$0.01$0.77$0.11$0.09$0.02
2012Summary only. Only limited summary data is available for this year.$0.75$0.00$0.74$0.13$0.13$0.01
2011Summary only. Only limited summary data is available for this year.$0.78$0.02$0.76$0.18$0.12$0.07