Civic Intelligence

Educare Foundation Inc.

990 • Fiscal year 2019 • EIN 41-1745553

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 12, 2020

PO Box 241Mankato, MN 56002-0241

(507) 386-4828

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.09x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

0.32x

Higher debt load relative to revenue than 81% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

47th percentile

1.9%

Faster asset growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

92nd percentile

97%

Faster revenue growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$817,345

Up $15,381 (+1.9%) from 2018

Net Assets

Up

$746,276

Up $58,543 (+8.5%) from 2018

Liabilities

Down

$71,069

Down $43,162 (-38%) from 2018

Revenue

Up

$222,059

Up $109,315 (+97%) from 2018

Expenses

Down

$91,472

Down $26,624 (-23%) from 2018

Net Income

Up

$130,587

Up $135,939 (+2540%) from 2018

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 2010: $493,129Liabilities 2010: $21,883Net Assets 2010: $471,2462010Assets 2011: $520,556Liabilities 2011: $17,323Net Assets 2011: $503,2332011Assets 2012: $559,977Liabilities 2012: $22,510Net Assets 2012: $537,4672012Assets 2013: $612,578Liabilities 2013: $13,665Net Assets 2013: $598,9132013Assets 2014: $674,372Liabilities 2014: $18,310Net Assets 2014: $656,0622014Assets 2015: $709,861Liabilities 2015: $73,715Net Assets 2015: $636,1462015Assets 2016: $682,238Liabilities 2016: $7,521Net Assets 2016: $674,7172016Assets 2017: $750,389Liabilities 2017: $101,930Net Assets 2017: $648,4592017Assets 2018: $801,964Liabilities 2018: $114,231Net Assets 2018: $687,7332018Assets 2019: $817,345Liabilities 2019: $71,069Net Assets 2019: $746,2762019Assets 2020: $825,675Liabilities 2020: $98,379Net Assets 2020: $727,2962020Assets 2021: $1,049,128Liabilities 2021: $98,400Net Assets 2021: $950,7282021Assets 2022: $865,641Liabilities 2022: $111,933Net Assets 2022: $753,7082022Assets 2023: $948,349Liabilities 2023: $95,034Net Assets 2023: $853,3152023Assets 2024: $1,103,293Liabilities 2024: $87,308Net Assets 2024: $1,015,9852024Assets 2025: $1,207,157Liabilities 2025: $55,332Net Assets 2025: $1,151,8252025

Highlighted filing

2019

Assets$817,345
Liabilities$71,069
Net Assets$746,276

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $76,1172010Expenses 2011: $71,4372011Expenses 2012: $77,7762012Revenue 2013: $84,414Expenses 2013: $74,762Net Income 2013: $9,6522013Revenue 2014: $123,044Expenses 2014: $75,423Net Income 2014: $47,6212014Revenue 2015: $91,705Expenses 2015: $94,102Net Income 2015: -$2,3972015Revenue 2016: $100,464Expenses 2016: $62,692Net Income 2016: $37,7722016Revenue 2017: $31,774Expenses 2017: $110,420Net Income 2017: -$78,6462017Revenue 2018: $112,744Expenses 2018: $118,096Net Income 2018: -$5,3522018Revenue 2019: $222,059Expenses 2019: $91,472Net Income 2019: $130,5872019Revenue 2020: $79,872Expenses 2020: $114,918Net Income 2020: -$35,0462020Revenue 2021: $119,594Expenses 2021: $78,077Net Income 2021: $41,5172021Revenue 2022: $131,812Expenses 2022: $134,580Net Income 2022: -$2,7682022Revenue 2023: $94,745Expenses 2023: $79,193Net Income 2023: $15,5522023Revenue 2024: $201,562Expenses 2024: $95,906Net Income 2024: $105,6562024Revenue 2025: $142,046Expenses 2025: $69,085Net Income 2025: $72,9612025

Highlighted filing

2019

Revenue$222,059
Expenses$91,472
Net Income$130,587
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 12, 2020
Return Version
2018v3.2
Gross Receipts
$229,856
Mission and Program Overview

Mission

To provide financial support to mankato area public schools, beyond the normal operating budget, for programs and activities that will enhance educational opportunities for all sutdents, encourage teachers to explore new ways of expanding their students' worlds of learning and provide a vital link between the community and the classroom.

To provide financial support to mankato area public schools beyond the normal operating budget.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$712,993$676,478▼ $36,515
Savings and Temporary Cash Investments$55,971$139,367▲ $83,396
Pledges and Grants Receivable$33,000$1,500▼ $31,500
Total Assets$801,964$817,345▲ $15,381
Liabilities
Grants Payable$114,231$71,069▼ $43,162
Total Liabilities$114,231$71,069▼ $43,162
Net Assets / Fund Balance
Unrestricted Net Assets$651,868$710,411▲ $58,543
Temporarily Rstr Net Assets$35,865$35,865→ $0
Total Net Assets Fund Balance$687,733$746,276▲ $58,543
Total Liabilities and Net Assets / Fund Balance$801,964$817,345▲ $15,381

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$676,478--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chuck BrandelChair
Amy BolesVice Chair
Dan SarffDirector
Gretchen RehmDirector
Jamison PetersonDirector
Jean FarrowDirector
Jeffrey GraceDirector
Jen JonesDirector
Jessica HatanpaDirector
Julie FosterDirector
Kathy SangerDirector
Kory KathDirector
Melissa WilliamsDirector
Shannon BealDirector
Sherri BlasingDirector
Wade AbedDirector
Abbie OlsonSecretary
Brian CorbettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$177,022
Program Service Revenue
$0
Investment Income
$42,439
Other Revenue
$2,598
All Other Contributions
$177,022
Change in Net Assets
$130,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$70,186
Other Expenses$21,286
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$70,186--$70,186
Fees for Service Investment Mgmnt Fees-$7,254-$7,254
Fees for Services Management-$5,149-$5,149
Fees for Services Accounting-$4,140-$4,140
Office Expenses$1,932$1,039-$2,971
Insurance$699$699-$1,398
Other Expenses$325$49-$49
Total Functional Expenses$73,142$18,330$0$91,472
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
INDEPENDENT SCHOOL DISTRICT #77Mankato, MN170(b)(1)(a)(ii)To Enhance the Educational Opportunities for a Wide Variety of Students$70,186
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,395
Fundraising Direct Expenses$7,797
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 provided to the treasurer, who submits the return to the board for approval.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Educare Foundation Inc
EIN
41-1745553
Phone
5073864828
Address
PO BOX 241, MANKATO, MN 56002-0241

Signing Officer

Name
Jamison Peterson
Title
Treasurer
Phone
5073868800
Signed
2020-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jamison Peterson
Formed
1983
Legal Domicile
Mn
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
50

Preparer

Firm
Cliftonlarsonallen Llp
Address
101 NORTH SECOND STREET SUITE 200, MANKATO, MN 56001
Preparer
Bradley Boettcher
Phone
5073868800
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IRS990/OfficeExpensesGrp/ProgramServicesAmt01932
IRS990/OfficeExpensesGrp/TotalAmt02971
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt049
IRS990/OtherExpensesGrp/ProgramServicesAmt0325
IRS990/OtherExpensesGrp/TotalAmt0325
IRS990/OtherExpensesGrp/TotalAmt149
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt033000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01500
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMISON PETERSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt088770
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0109525
IRS990/PYInvestmentIncomeAmt08224
IRS990/PYOtherExpensesAmt08571
IRS990/PYOtherRevenueAmt015750
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-5352
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0118096
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0112744
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0130587
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt055971
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0139367
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0177022
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0105164
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt064005
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt041614
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt091616
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0479421
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010530
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011190
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt021707
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt026223
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt020729
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt090379
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt010395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt047673
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt018685
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt042219
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt020417
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0139389
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010530
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011190
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt021707
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt026223
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt020729
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt090379
IRS990ScheduleA/InvestmentIncomeCYPct00.12740
IRS990ScheduleA/InvestmentIncomePYPct00.16490
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.87260
IRS990ScheduleA/PublicSupportPY509Pct00.83510
IRS990ScheduleA/PublicSupportTotal509Amt0618810
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0187417
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0152837
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt082690
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt083833
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0112033
IRS990ScheduleA/Total509Grp/TotalAmt0618810
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0197947
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0164027
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0104397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0110056
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0132762
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0709189
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/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0676478
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0676478
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt070186
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(B)(1)(A)(II)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ENHANCE THE EDUCATIONAL OPPORTUNITIES FOR A WIDE VARIETY OF STUDENTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INDEPENDENT SCHOOL DISTRICT #77
IRS990ScheduleI/RecipientTable/RecipientEIN0416000310
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0VARIOUS SITES
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MANKATO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056001
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DISTRICT 77 MONITORS THE RECIPIENTS AND NOTIFIES THE ORGANIZATION WHEN THE PROJECT HAS BEEN COMPLETED. LARGER GRANTS HAVE A TWO-YEAR COMPLETION DEADLINE. MINI-GRANTS HAVE A ONE-EAR COMPLETION DEADLINE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE TREASURER, WHO SUBMITS THE RETURN TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt035865
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt035865
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0801964
IRS990/TotalAssetsEOYAmt0817345
IRS990/TotalAssetsGrp/BOYAmt0801964
IRS990/TotalAssetsGrp/EOYAmt0817345
IRS990/TotalCompGreaterThan150KInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.21$0.06$1.15$0.14$0.07$0.07
2024Detailed filing. Detailed filing data is available for this year.$1.10$0.09$1.02$0.20$0.10$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.95$0.10$0.85$0.09$0.08$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.87$0.11$0.75$0.13$0.13$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.10$0.95$0.12$0.08$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.83$0.10$0.73$0.08$0.11$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.82$0.07$0.75$0.22$0.09$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.80$0.11$0.69$0.11$0.12$0.01
2017Summary only. Only limited summary data is available for this year.$0.75$0.10$0.65$0.03$0.11$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.01$0.67$0.10$0.06$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.07$0.64$0.09$0.09$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.67$0.02$0.66$0.12$0.08$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.61$0.01$0.60$0.08$0.07$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.02$0.54$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.02$0.50$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.02$0.47$0.08