Civic Intelligence

Cheerful Givers

990 • Fiscal year 2014 • EIN 41-1774632

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 17, 2015

1287 Berry Ridge RoadEagan, MN 55123

(651) 226-8738

Siviq Scores

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

Liabilities / Assets

21st percentile

0.01x

Higher debt load relative to assets than 21% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

25th percentile

-6.3%

Higher net margin than 25% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

64th percentile

$87,108

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

11th percentile

-11%

Faster asset growth than 11% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

53rd percentile

4.7%

Faster revenue growth than 53% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$640,696

Down $80,443 (-11%) from 2013

Net Assets

Down

$637,448

Down $80,595 (-11%) from 2013

Liabilities

Up

$3,248

Up $152 (+4.9%) from 2013

Revenue

Up

$1,283,479

Up $57,773 (+4.7%) from 2013

Expenses

Up

$1,364,074

Up $211,773 (+18%) from 2013

Net Income

Down

-$80,595

Down $154,000 (-210%) from 2013

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $105,673Liabilities 2010: $2,867Net Assets 2010: $102,8062010Assets 2011: $362,429Liabilities 2011: $2,717Net Assets 2011: $359,7122011Assets 2012: $652,648Liabilities 2012: $8,010Net Assets 2012: $644,6382012Assets 2013: $721,139Liabilities 2013: $3,096Net Assets 2013: $718,0432013Assets 2014: $640,696Liabilities 2014: $3,248Net Assets 2014: $637,4482014Assets 2015: $83,677Liabilities 2015: $3,248Net Assets 2015: $80,4292015Assets 2016: $75,166Liabilities 2016: $285Net Assets 2016: $74,8812016Assets 2017: $94,831Liabilities 2017: $210Net Assets 2017: $94,6212017

Highlighted filing

2014

Assets$640,696
Liabilities$3,248
Net Assets$637,448

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2010: $1,268,724Expenses 2010: $1,221,407Net Income 2010: $47,3172010Expenses 2011: $1,289,2922011Expenses 2012: $787,2302012Revenue 2013: $1,225,706Expenses 2013: $1,152,301Net Income 2013: $73,4052013Revenue 2014: $1,283,479Expenses 2014: $1,364,074Net Income 2014: -$80,5952014Revenue 2015: $327,758Expenses 2015: $884,777Net Income 2015: -$557,0192015Revenue 2016: $164,021Expenses 2016: $169,569Net Income 2016: -$5,5482016Revenue 2017: $294,590Expenses 2017: $274,850Net Income 2017: $19,7402017

Highlighted filing

2014

Revenue$1,283,479
Expenses$1,364,074
Net Income-$80,595
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 17, 2015
Return Version
2014v5.0
Gross Receipts
$1,287,365
Mission and Program Overview

Mission

Provide toy filled birthday gift bags to under privileged youth

Cheerful givers provide toy-filled birthday gift bags to under privileged youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$641,845$569,959▼ $71,886
Cash and Non-Interest-Bearing Accounts$33,591$31,863▼ $1,728
Savings and Temporary Cash Investments$45,703$30,789▼ $14,914
Pledges and Grants Receivable-$8,085-
Total Assets$721,139$640,696▼ $80,443
Liabilities
Accounts Payable and Accrued Expenses$3,096$3,248▲ $152
Total Liabilities$3,096$3,248▲ $152
Net Assets / Fund Balance
Unrestricted Net Assets$718,043$637,448▼ $80,595
Total Net Assets Fund Balance$718,043$637,448▼ $80,595
Total Liabilities and Net Assets / Fund Balance$721,139$640,696▼ $80,443
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karen KitchelPresidentFT$87,108$87,108

Board Members and Trustees

NameTitle
Robin SteeleBoard Chair
Leah RenterBoard Member
Luke WinskowskiBoard Member
Mark LernerBoard Member
Morgann CarlonBoard Member
Margie BlackSecretary
Brent ReinsbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,259,700
Program Service Revenue
$0
Investment Income
$131
Other Revenue
$23,648
All Other Contributions
$1,259,700
Change in Net Assets
$-80,595

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Books and Publications-$908,551Fair Market Value
Other Non Cash Contri Table110$127,415Fair Market Value
Other Non Cash Contri Table50$32,490Fair Market Value
Other Non Cash Contri Table13$4,509Fair Market Value
Cars and Other Vehicles1$147Fair Market Value
Total Noncash Contributions174$1,073,112-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,283,479
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,283,479
Total Revenue per Form 990
$1,283,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,270,204
Salaries, Compensation, and Employee Benefits$93,870
Total Fundraising Expense$11,469
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$69,686$8,711$8,711$87,108
Payroll Taxes$5,410$676$676$6,762
Fees for Services Accounting-$3,500-$3,500
Office Expenses$563$497$497$1,557
Travel$1,000$125$125$1,250
Insurance-$840-$840
Fees for Services Other$310-$310$620
Other Expenses$60$190$1,150$250
Total Functional Expenses$1,338,066$14,539$11,469$1,364,074

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,364,074
Total Expenses per Audited Statements$1,364,074
Total Expenses per Form 990$1,364,074
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,534
Fundraising Direct Expenses$3,886
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mall of America$12,625$12,625$150$12,475
Twins Breakfast$12,021$12,021-$12,021
Total Events$27,534$27,534$3,886$23,648
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 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
Yes
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 11

Form 990 is prepared by the treasurer of the organization and is reviewed by the president before submission. All board members also receive a copy prior to submission.

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

Reviewed at board meetings.

Form 990, Part VI, Section B, Line 15

The presiednt's salary is reviewed against similar organizations in minnesota using a salary guide provided by the minnesota council of non-profits. The president's salary is reviewed by the governance committee and is approved by the board.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Cheerful Givers
EIN
41-1774632
Phone
6512268738
Address
1287 BERRY RIDGE ROAD, EAGAN, MN 55123

Signing Officer

Name
Brent Reinsberg
Title
Treasurer
Phone
6514547241
Signed
2015-08-17
Discuss with paid preparer
No

Organization Details

Principal Officer
Karen Kitchel
Formed
1994
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
7
Employees
1
Volunteers
2,208

Preparer

Firm
Mazanec Bauer & Associates Plc
Address
2600 EAGAN WOODS DRIVE SUITE 210, EAGAN, MN 55121-1123
Phone
6514547241
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization records a liability for uncertain tax positions when its probable that a loss has been incurred and the amount of the loss can be reasonably estimated. Interest related to the unrecognized tax positions is recorded in interest expense and penalties in management and general expense. The organization is subject to u.s. Federal, state and local examinations by taxing authorities for the past 3.5 years.

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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt018330
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01052480
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01527447
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IRS990ScheduleA/Total509Grp/TotalAmt05927478
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01072156
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01546198
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01268724
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06021206
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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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECORDS A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN ITS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. INTEREST RELATED TO THE UNRECOGNIZED TAX POSITIONS IS RECORDED IN INTEREST EXPENSE AND PENALTIES IN MANAGEMENT AND GENERAL EXPENSE. THE ORGANIZATION IS SUBJECT TO U.S. FEDERAL, STATE AND LOCAL EXAMINATIONS BY TAXING AUTHORITIES FOR THE PAST 3.5 YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01597
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MALL OF AMERICA
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0110
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt150
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt213
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0TOYS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1FILLED BIRTHDAY BAGS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2SPECIAL EVENTS/MISC.
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FAIR MARKET VALUE
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY THE TREASURER OF THE ORGANIZATION AND IS REVIEWED BY THE PRESIDENT BEFORE SUBMISSION. ALL BOARD MEMBERS ALSO RECEIVE A COPY PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIEDNT'S SALARY IS REVIEWED AGAINST SIMILAR ORGANIZATIONS IN MINNESOTA USING A SALARY GUIDE PROVIDED BY THE MINNESOTA COUNCIL OF NON-PROFITS. THE PRESIDENT'S SALARY IS REVIEWED BY THE GOVERNANCE COMMITTEE AND IS APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01283479

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