Civic Intelligence

Cannon Falls Educational Foundation

990 • Fiscal year 2016 • EIN 41-1759564

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 21, 2016

820 E Minnesota StreetCannon Falls, MN 55009

(507) 263-6800

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

91st percentile

47%

Higher net margin than 91% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

62nd percentile

6.2%

Faster asset growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

34th percentile

-4.6%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$742,748

Up $43,262 (+6.2%) from 2015

Net Assets

Up

$742,748

Up $43,262 (+6.2%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$91,950

Down $4,410 (-4.6%) from 2015

Expenses

Down

$48,688

Down $9,981 (-17%) from 2015

Net Income

Up

$43,262

Up $5,571 (+15%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $545,293Liabilities 2011: $02011Assets 2012: $598,242Liabilities 2012: $5,619Net Assets 2012: $592,6232012Assets 2013: $618,710Liabilities 2013: $1,000Net Assets 2013: $617,7102013Assets 2014: $663,295Liabilities 2014: $1,500Net Assets 2014: $661,7952014Assets 2015: $699,486Liabilities 2015: $0Net Assets 2015: $699,4862015Assets 2016: $742,748Liabilities 2016: $0Net Assets 2016: $742,7482016Assets 2017: $1,301,213Liabilities 2017: $9,606Net Assets 2017: $1,291,6072017Assets 2018: $1,443,121Liabilities 2018: $0Net Assets 2018: $1,443,1212018Assets 2019: $1,390,228Liabilities 2019: $0Net Assets 2019: $1,390,2282019Assets 2020: $1,377,897Liabilities 2020: $50Net Assets 2020: $1,377,8472020Assets 2021: $1,893,711Liabilities 2021: $0Net Assets 2021: $1,893,7112021Assets 2022: $1,565,346Liabilities 2022: $0Net Assets 2022: $1,565,3462022Assets 2023: $1,637,309Liabilities 2023: $0Net Assets 2023: $1,637,3092023Assets 2024: $1,837,792Liabilities 2024: $100Net Assets 2024: $1,837,6922024Assets 2025: $1,961,467Liabilities 2025: $0Net Assets 2025: $1,961,4672025

Highlighted filing

2016

Assets$742,748
Liabilities$0
Net Assets$742,748

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $145,910Expenses 2011: $57,627Net Income 2011: $88,2832011Expenses 2012: $59,3542012Expenses 2013: $67,4102013Revenue 2014: $95,750Expenses 2014: $51,665Net Income 2014: $44,0852014Revenue 2015: $96,360Expenses 2015: $58,669Net Income 2015: $37,6912015Revenue 2016: $91,950Expenses 2016: $48,688Net Income 2016: $43,2622016Revenue 2017: $607,001Expenses 2017: $58,142Net Income 2017: $548,8592017Revenue 2018: $218,626Expenses 2018: $67,112Net Income 2018: $151,5142018Revenue 2019: $140,490Expenses 2019: $193,383Net Income 2019: -$52,8932019Revenue 2020: $87,699Expenses 2020: $100,080Net Income 2020: -$12,3812020Revenue 2021: $124,911Expenses 2021: $55,100Net Income 2021: $69,8112021Revenue 2022: $189,879Expenses 2022: $125,246Net Income 2022: $64,6332022Revenue 2023: $172,525Expenses 2023: $184,069Net Income 2023: -$11,5442023Revenue 2024: $179,751Expenses 2024: $118,573Net Income 2024: $61,1782024Revenue 2025: $176,746Expenses 2025: $150,949Net Income 2025: $25,7972025

Highlighted filing

2016

Revenue$91,950
Expenses$48,688
Net Income$43,262
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 21, 2016
Return Version
2015v2.1
Gross Receipts
$102,210
Mission and Program Overview

Mission

Cannon falls education foundation (cfef)is committed to improving education for cannon falls area schools. Cfef supports and promotes excellence in education by raising and providing funding for all types of creative and innovative educational programs and activities that are above and beyond the programs supported by general education dollars.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$463,940$494,927▲ $30,987
Investments Other Securities$187,289$192,790▲ $5,501
Savings and Temporary Cash Investments$45,562$37,693▼ $7,869
Cash and Non-Interest-Bearing Accounts$2,634$17,338▲ $14,704
Total Assets$699,486$742,748▲ $43,262
Other Assets Total$61--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$651,393$698,219▲ $46,826
Unrestricted Net Assets$48,093$44,529▼ $3,564
Total Net Assets Fund Balance$699,486$742,748▲ $43,262
Total Liabilities and Net Assets / Fund Balance$699,486$742,748▲ $43,262

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$67,478--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$651,393$46,826--$698,219
2014$595,553$55,840--$651,393
2013$547,888$47,665--$595,553
2012$511,697$36,191--$547,888
2011$467,558$44,139--$511,697
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donna ChytracekPresident
Brenda OwensDirector
Dan BreuerDirector
Diane PagelDirector
Donna KimmesDirector
Jared WoodwardDirector
Jill MedcraftDirector
Jill VillarrealDirector
Julie MillsDirector
Lynn MercerDirector
Michael BanksDirector
Randy BensonDirector
Roth MunsonDirector
Saffron EmersonDirector
Sheena BechtholdtDirector
Stephanie StoddenDirector
Tammy MeyersDirector
Theresa CarlsonDirector
Val SwentikDirector
Cassi PagelFundraising
Geri GeikenFundraising
Jeff MccormickProgram Chai
Jean EdstromSecretary
Melanie CarlsonTreasurer
Kelly MillerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$40,597
Program Service Revenue
$0
Investment Income
$25,593
Other Revenue
$25,760
All Other Contributions
$6,761
Change in Net Assets
$43,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$43,192
Other Expenses$5,496
Total Fundraising Expense$2,749
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$43,192--$43,192
Fees for Services Accounting-$2,160-$2,160
Office Expenses-$340$1,306$1,646
Advertising--$1,443$1,443
Fees for Service Investment Mgmnt Fees-$89-$89
Other Expenses-$25-$25
Total Functional Expenses$43,192$2,747$2,749$48,688
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cannon Falls School District 252Cannon Falls, MNGovEducational$43,192
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,068
Fundraising Direct Expenses$5,308
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silent Auction$37,022$21,639$3,916$17,723
Pledge Drive$16,253---
Total Events$61,676$29,840$4,707$25,133
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
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

Governing documents are available only upon request. Financial information is available on the organization's website.

Filing and Contact Details

Filer

Filer Name
Cannon Falls Education Foundation
EIN
41-1759564
Phone
5072636800
Address
820 E MINNESOTA STREET, CANNON FALLS, MN 55009

Signing Officer

Name
Melanie Carlson
Title
Treasurer
Phone
5072636800
Signed
2016-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melanie Carlson
Formed
1993
Legal Domicile
Mn
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
35

Preparer

Firm
Dawn R Dettling CPA
Address
215 YORK ST N, CANNON FALLS, MN 55009
Preparer
Dawn R Dettling
Phone
5072633369
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Cannon falls education foundation (cfef)is committed to improving education for cannon falls area schools. Cfef supports and promotes excellence in education by raising and providing funding for all types of creative and innovative educational programs and activities that are above and beyond the programs supported by general education dollars.

Financial Statement Notes

Schedule D, Page 4, Part XIII

Part v, line 4 - intended uses for endowment funds one-third of all funds raised are contributed to an endowment fund for the purpose of becoming a self-sufficient supporting educational organization, sometime in the future, with no need to continue with annual fundraising activities.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6PROGRAM CHAI
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18FUNDRAISING
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0DUES
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2FILING FEES
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MELANIE CARLSON
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYTotalRevenueAmt096360
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt045562
IRS990/SavingsAndTempCashInvstGrp/EOYAmt037693
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt051643
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt051749
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt051643
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0229790
IRS990ScheduleA/TotalSupportAmt0309034
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt046826
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0698219
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0595553
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt055840
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0651393
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0547888
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt047665
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0595553
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0511697
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt036191
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0547888
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0467558
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt044139
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0511697
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0125312
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt167478
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1EDJ MMF
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.18$0.15$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$0.18$0.12$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.17$0.18$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.19$0.13$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.12$0.06$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.09$0.10$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.14$0.19$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.22$0.07$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.01$1.29$0.61$0.06$0.55
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.09$0.05$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.10$0.06$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.10$0.05$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.00$0.62$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.01$0.59$0.06
2011Summary only. Only limited summary data is available for this year.$0.55$0.00$0.15$0.06$0.09