Civic Intelligence

Starbase Minnesota Inc.

990 • Fiscal year 2023 • EIN 41-1756817

Oct 01, 2022 to Sep 30, 2023 • Filed on Mar 13, 2024

Organization Profilestarbasemn.org
659 Mustang AveSt Paul, MN 55111

(612) 713-2530

Siviq Scores

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

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

44th percentile

1.6%

Higher net margin than 44% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

87th percentile

$170,564

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

46th percentile

3.0%

Faster asset growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-12%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$1,324,718

Up $38,238 (+3.0%) from 2022

Net Assets

Up

$1,297,151

Up $41,356 (+3.3%) from 2022

Liabilities

Down

$27,567

Down $3,118 (-10%) from 2022

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin44th percentile

Revenue

Down

$2,658,331

Down $355,554 (-12%) from 2022

Expenses

Down

$2,616,975

Down $59,988 (-2.2%) from 2022

Net Income

Down

$41,356

Down $295,566 (-88%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $411,307Liabilities 2011: $67,747Net Assets 2011: $343,5602011Assets 2012: $1,698,668Liabilities 2012: $12,067Net Assets 2012: $1,686,6012012Assets 2013: $1,355,878Liabilities 2013: $113,041Net Assets 2013: $1,242,8372013Assets 2014: $925,815Liabilities 2014: $54,244Net Assets 2014: $871,5712014Assets 2015: $534,817Liabilities 2015: $29,729Net Assets 2015: $505,0882015Assets 2016: $1,233,286Liabilities 2016: $33,690Net Assets 2016: $1,199,5962016Assets 2017: $1,039,894Liabilities 2017: $32,661Net Assets 2017: $1,007,2332017Assets 2018: $1,009,538Liabilities 2018: $175,468Net Assets 2018: $834,0702018Assets 2019: $924,609Liabilities 2019: $173,673Net Assets 2019: $750,9362019Assets 2020: $870,598Liabilities 2020: $25,867Net Assets 2020: $844,7312020Assets 2021: $930,047Liabilities 2021: $11,174Net Assets 2021: $918,8732021Assets 2022: $1,286,480Liabilities 2022: $30,685Net Assets 2022: $1,255,7952022Assets 2023: $1,324,718Liabilities 2023: $27,567Net Assets 2023: $1,297,1512023Assets 2024: $1,524,189Liabilities 2024: $25,920Net Assets 2024: $1,498,2692024

Highlighted filing

2023

Assets$1,324,718
Liabilities$27,567
Net Assets$1,297,151
Open 2023 Filing

Operations Trend

Revenue Growth23rd percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $1,132,057Expenses 2011: $1,052,903Net Income 2011: $79,1542011Revenue 2012: $2,376,267Expenses 2012: $1,033,226Net Income 2012: $1,343,0412012Expenses 2013: $1,437,6212013Revenue 2014: $1,278,369Expenses 2014: $1,649,635Net Income 2014: -$371,2662014Revenue 2015: $1,271,363Expenses 2015: $1,637,846Net Income 2015: -$366,4832015Revenue 2016: $1,934,799Expenses 2016: $1,240,291Net Income 2016: $694,5082016Revenue 2017: $1,694,638Expenses 2017: $1,887,001Net Income 2017: -$192,3632017Revenue 2018: $1,523,425Expenses 2018: $1,696,588Net Income 2018: -$173,1632018Revenue 2019: $1,662,109Expenses 2019: $1,745,243Net Income 2019: -$83,1342019Revenue 2020: $3,748,891Expenses 2020: $3,655,096Net Income 2020: $93,7952020Revenue 2021: $2,142,934Expenses 2021: $2,068,792Net Income 2021: $74,1422021Revenue 2022: $3,013,885Expenses 2022: $2,676,963Net Income 2022: $336,9222022Revenue 2023: $2,658,331Expenses 2023: $2,616,975Net Income 2023: $41,3562023Revenue 2024: $2,678,854Expenses 2024: $2,477,736Net Income 2024: $201,1182024

Highlighted filing

2023

Revenue$2,658,331
Expenses$2,616,975
Net Income$41,356
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Mar 13, 2024
Return Version
2022v5.0
Gross Receipts
$2,658,331
Mission and Program Overview

Mission

To inspire and educate minnesota youth in science, technology, engineering and math (stem)

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$545,734$1,036,212▲ $490,478
Pledges and Grants Receivable$445,595$208,438▼ $237,157
Land, Buildings, and Equipment, Net$35,669$57,839▲ $22,170
Prepaid Expenses and Deferred Charges$4,126$15,782▲ $11,656
Accounts Receivable-$5,664-
Cash and Non-Interest-Bearing Accounts$207,089$783▼ $206,306
Total Assets$1,286,480$1,324,718▲ $38,238
Other Assets Total$48,267--
Liabilities
Accounts Payable and Accrued Expenses$30,685$25,428▼ $5,257
Deferred Revenue-$2,139-
Total Liabilities$30,685$27,567▼ $3,118
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,051,132$1,174,564▲ $123,432
Net Assets With Donor Restrictions$204,663$122,587▼ $82,076
Total Net Assets Fund Balance$1,255,795$1,297,151▲ $41,356
Total Liabilities and Net Assets / Fund Balance$1,286,480$1,324,718▲ $38,238

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$57,839$177,877$235,716
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim Van WieExecutive DirectorFT$130,493$40,071$170,564

Board Members and Trustees

NameTitle
Denis ShieldsDirectorCommittee Chair
Belinda CordinaPresidentChairperson
Dave SoenenVice President
Chas AndersonDirector
Dave HamlarDirector
Dee PowersDirector
Denise RutherfordDirector
Harry SiebenDirector
James OrrockDirector
Joe EricksonDirector
Lori HoyumDirector
Lucas MistelskeDirector
Michael ThykenDirector
Phyllis KahnDirector
Richard DujmovicDirector
Roger DelgehausenDirector
Sarah AudetDirector
Sydnie LiebDirector
John SillimanSecretary
Robert CaytonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,653,331
Program Service Revenue
$0
Investment Income
$4,027
Other Revenue
$973
All Other Contributions
$277,967
Change in Net Assets
$41,356

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,658,331
Revenue Not Reported on Form 990
$798,291
Total Revenue per Audited Statements
$3,456,622
Total Revenue per Form 990
$2,658,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,347,148
Other Expenses$1,265,827
Total Fundraising Expense$14,610
Grants and Similar Amounts Paid$4,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$941,837$7,398$3,708$952,943
Current Officers, Directors, Trustees, and Key Employees$151,362$14,640$7,334$173,336
Other Employee Benefits$86,097-$2,477$88,574
Payroll Taxes$82,798$1,686-$84,484
Other Expenses$58,260--$58,260
Pension Plan Contributions$47,150$661-$47,811
Fees for Services Accounting-$37,759-$37,759
Information Technology$36,978--$36,978
All Other Expenses$6,046$18,042$1,091$25,179
Depreciation Depletion$13,976--$13,976
Insurance$4,295$8,554-$12,849
Conferences and Meetings$4,965--$4,965
Travel$4,099--$4,099
Grants to Domestic Individuals$4,000--$4,000
Total Functional Expenses$2,513,625$88,740$14,610$2,616,975

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,415,266
Expenses per Audited Statements$2,616,975
Total Expenses per Form 990$2,616,975
Expenses Not Reported on Form 990$798,291
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Galaxy Event$37,261---
Total Events$37,261---
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
Backup withholding compliance
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
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

Committee meeting documentation Part VI line 8B

“The organization does not have any committees with authority to act on behalf of the governing body.”

Form 990 governing body review Part VI line 11

“Copies of Form 990 are provided to all board members for their individual review, discussion and approval. After board approval, Form 990 is signed and filed.”

Conflict of interest policy compliance Part VI line 12C

“STARBASE Minnesota has written guidance in its financial policies with respect to conflict of interest situations and new employees are given direction on avoiding these issues. Employees who conduct purchasing complete a conflict of interest disclosure statement. Additionally, outside organizations such as the United States Fiscal and Property Office, oversee and are vigilant in looking for possible situations where conflict of interest issues may arise. Additionally, the STARBASE Minnesota Executive Director maintains strict vigilance over purchases and potential conflicts of interest. In Dec 2022 the Board of Directors adopted new Bylaws that include a Conflict of Interest Policy and Board Members will be required to disclose potential conflicts on an annual basis.”

CEO executive director top management comp Part VI line 15A

“The executive directors salary is set by the board of directors each year. It is based on key indicators related to managing and directing the organization and accomplishing annual goals and objectives. Benchmarking with other similar organizations is also conducted on an annual basis for the executive directors compensation and for all employees. No compensation was paid to any other individuals defined as officers or key employees.”

Governing documents etc available to public Part VI line 19

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

Filing and Contact Details

Filer

Filer Name
Starbase Minnesota Inc
EIN
41-1756817
Address
659 Mustang Ave, St Paul, MN 55111

Signing Officer

Name
Robert Cayton
Title
Treasurer
Phone
6127132530
Signed
2024-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Belinda Cordina
Formed
1993
Legal Domicile
Mn
Voting Board Members
19
Independent Board Members
19
Employees
27
Volunteers
894

Preparer

Firm
D C Etling LLC
Address
9504 CREEK KNOLL ROAD, EDEN PRAIRIE, MN 55347
Preparer
Daniel Etling CPA
Phone
9529430775
Supplemental Narrative

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

“Starbase Minnesota, Inc. is organized as a Minnesota nonprofit corporation and has been recognized by the IRS as exempt from federal income tax under Section 501(a) as organizations described in IRC Section 501(c)(3), qualify for the charitable contribution deduction under IRC Sections 170(b)(1)(A)(vi)and (viii), and have been determined not to be a private foundation under IRC Sections 509(a)(1) and (3), respectively. The Organization is annually required to file a Return of Organization Exempt from Income Tax (Form 990)with the IRS. In addition, the Organization is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. Management has determined that the Organization is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS.”

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