Civic Intelligence

Cannon Falls Educational Foundation

990 • Fiscal year 2017 • EIN 41-1759564

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 20, 2017

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

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

98th percentile

90%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

94th percentile

75%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

99th percentile

560%

Faster revenue growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,301,213

Up $558,465 (+75%) from 2016

Net Assets

Up

$1,291,607

Up $548,859 (+74%) from 2016

Liabilities

Up

$9,606

Up $9,606 from 2016

Revenue

Up

$607,001

Up $515,051 (+560%) from 2016

Expenses

Up

$58,142

Up $9,454 (+19%) from 2016

Net Income

Up

$548,859

Up $505,597 (+1169%) from 2016

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

2017

Assets$1,301,213
Liabilities$9,606
Net Assets$1,291,607

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

2017

Revenue$607,001
Expenses$58,142
Net Income$548,859
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 20, 2017
Return Version
2016v3.0
Gross Receipts
$638,805
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$494,927$1,078,666▲ $583,739
Investments Other Securities$192,790$131,792▼ $60,998
Cash and Non-Interest-Bearing Accounts$17,338$52,006▲ $34,668
Savings and Temporary Cash Investments$37,693$38,749▲ $1,056
Total Assets$742,748$1,301,213▲ $558,465
Liabilities
Grants Payable-$9,606-
Total Liabilities$0$9,606▲ $9,606
Net Assets / Fund Balance
Temporarily Rstr Net Assets$698,219$1,220,876▲ $522,657
Unrestricted Net Assets$44,529$70,731▲ $26,202
Total Net Assets Fund Balance$742,748$1,291,607▲ $548,859
Total Liabilities and Net Assets / Fund Balance$742,748$1,301,213▲ $558,465

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,849--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$698,219$522,657--$1,220,876
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donna ChytracekPresident
Amy DombeckDirector
Brenda OwensDirector
Cathy BanksDirector
Jared WoodwardDirector
Jill MedcraftDirector
Jill VillarrealDirector
Julie MillsDirector
Laura FreebergDirector
Laura QualeyDirector
Matt MontgomeryDirector
Michael BanksDirector
Randy BensonDirector
Roth MunsonDirector
Sheena BechtholdtDirector
Stephanie StoddenDirector
Steve PagelDirector
Tammy MeyersDirector
Theresa CarlsonDirector
Val SwentikDirector
Cassi PagelFundraising
Jeff MccormickProgram Chai
Jean EdstromSecretary
Melanie CarlsonTreasurer
Kelly MillerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$560,858
Program Service Revenue
$0
Investment Income
$23,443
Other Revenue
$22,700
All Other Contributions
$528,937
Change in Net Assets
$548,859

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded4$25,269
Total Noncash Contributions4$25,269
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$51,683
Other Expenses$6,459
Total Fundraising Expense$2,945
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$51,683--$51,683
Fees for Services Accounting-$2,372-$2,372
Advertising--$1,809$1,809
Office Expenses-$485$1,136$1,621
Fees for Service Investment Mgmnt Fees-$416-$416
Other Expenses-$66-$66
Total Functional Expenses$51,683$3,514$2,945$58,142
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cannon Falls School District 252Cannon Falls, MNGovEducational$51,683
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,546
Fundraising Direct Expenses$4,846
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silent Auction$30,457$26,787$3,074$23,713
Pledge Drive$17,877---
Total Events$56,708$26,787$4,081$22,706
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
2017-10-20
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

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/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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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