Civic Intelligence

St Michael Community Education Endowment Fund Inc

990 • Fiscal year 2018 • EIN 41-1790330

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 02, 2019

Organization Profile
5301 Kyler Ave NE Ste 103Albertville, MN 55301

(763) 391-1789

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

16th percentile

-11%

Faster asset growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-34%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$947,871

Down $115,070 (-11%) from 2017

Net Assets

Down

$947,871

Down $115,070 (-11%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin84th percentile

Revenue

Down

$91,070

Down $46,906 (-34%) from 2017

Expenses

Up

$64,219

Up $13,063 (+26%) from 2017

Net Income

Down

$26,851

Down $59,969 (-69%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $811,540Liabilities 2010: $0Net Assets 2010: $811,5402010Assets 2011: $847,271Liabilities 2011: $0Net Assets 2011: $847,2712011Assets 2012: $895,607Liabilities 2012: $0Net Assets 2012: $895,6072012Assets 2013: $944,772Liabilities 2013: $0Net Assets 2013: $944,7722013Assets 2014: $951,095Liabilities 2014: $0Net Assets 2014: $951,0952014Assets 2015: $917,936Liabilities 2015: $0Net Assets 2015: $917,9362015Assets 2016: $976,121Liabilities 2016: $0Net Assets 2016: $976,1212016Assets 2017: $1,062,941Liabilities 2017: $0Net Assets 2017: $1,062,9412017Assets 2018: $947,871Liabilities 2018: $0Net Assets 2018: $947,8712018Assets 2019: $1,152,699Liabilities 2019: $0Net Assets 2019: $1,152,6992019Assets 2020: $1,114,166Liabilities 2020: $0Net Assets 2020: $1,114,1662020Assets 2021: $1,169,358Liabilities 2021: $0Net Assets 2021: $1,169,3582021Assets 2022: $1,034,642Liabilities 2022: $0Net Assets 2022: $1,034,6422022Assets 2023: $1,145,746Liabilities 2023: $0Net Assets 2023: $1,145,7462023Assets 2024: $1,230,460Liabilities 2024: $0Net Assets 2024: $1,230,4602024

Highlighted filing

2018

Assets$947,871
Liabilities$0
Net Assets$947,871
Open 2018 Filing

Operations Trend

Revenue Growth9th percentile

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

$200K$100K$0-$100KRevenue 2010: $131,561Expenses 2010: $9,781Net Income 2010: $121,7802010Expenses 2011: $29,9412011Expenses 2012: $23,9192012Revenue 2013: $118,918Expenses 2013: $69,753Net Income 2013: $49,1652013Revenue 2014: $68,172Expenses 2014: $61,849Net Income 2014: $6,3232014Revenue 2015: $7,591Expenses 2015: $40,750Net Income 2015: -$33,1592015Revenue 2016: $71,832Expenses 2016: $13,391Net Income 2016: $58,4412016Revenue 2017: $137,976Expenses 2017: $51,156Net Income 2017: $86,8202017Revenue 2018: $91,070Expenses 2018: $64,219Net Income 2018: $26,8512018Revenue 2019: $134,880Expenses 2019: $37,507Net Income 2019: $97,3732019Revenue 2020: -$31,033Expenses 2020: $50,495Net Income 2020: -$81,5282020Revenue 2021: $2,770Expenses 2021: $64,715Net Income 2021: -$61,9452021Revenue 2022: $264Expenses 2022: $34,670Net Income 2022: -$34,4062022Revenue 2023: $326Expenses 2023: $40,170Net Income 2023: -$39,8442023Revenue 2024: $56Expenses 2024: $45,725Net Income 2024: -$45,6692024

Highlighted filing

2018

Revenue$91,070
Expenses$64,219
Net Income$26,851
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 2, 2019
Return Version
2018v3.1
Gross Receipts
$810,981
Mission and Program Overview

Mission

Provide financial assistance to local pre-k thru 8 catholic school. Hoping to lessen financial burden on individual families by providing funds to purchase technology or other academic needs deemed necessary by staff, to excel in educating children in our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$784,090$807,660▲ $23,570
Savings and Temporary Cash Investments$201,295$140,211▼ $61,084
Total Assets$985,385$947,871▼ $37,514
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$985,385$947,871▼ $37,514
Total Net Assets Fund Balance$985,385$947,871▼ $37,514
Total Liabilities and Net Assets / Fund Balance$985,385$947,871▼ $37,514

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$807,660--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Brian BrunerPresident
Kevin RosePast Preside
Steve SustacekSecretary
Linda G BorchardtTreasurer
Leroy LindenfelserV Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$2,261
Program Service Revenue
$0
Investment Income
$88,809
Other Revenue
$0
All Other Contributions
$2,261
Change in Net Assets
$26,851

Audited Revenue Reconciliation

Revenue per Audited Statements
$91,070
Total Revenue per Audited Statements
$91,070
Total Revenue per Form 990
$91,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$51,500
Other Expenses$12,719
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$51,500--$51,500
Fees for Service Investment Mgmnt Fees$7,899--$7,899
Insurance$2,500--$2,500
Fees for Services Accounting-$2,295-$2,295
Office Expenses-$25-$25
Total Functional Expenses$61,899$2,320$0$64,219

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$64,219
Total Expenses per Audited Statements$64,219
Total Expenses per Form 990$64,219
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Michael Catholic SchoolSt Michael, MN-Cash Donation$51,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Treas & AccountTax Prep & AcctgNo$2,295
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
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 9

“Kevin rose 8801 30th st ne st michael, mn 55376 leroy lindenfelser 9896 85th st ne monticello, mn 55362 brian bruner 10191 30th st ne st michael, mn 55376 steve sustacek 605 tealwood ln nw st michael, mn 55376”

Form 990, Page 6, Part VI, Line 11B

“Treasurer prepares and files form 990. All numbers tie to income & expense reports which tie to bank and financial reports from outside sources. Reviewed by members of board at request.”

Form 990, Page 6, Part VI, Line 19

“The st michael community educational endowment fund inc makes its governing documents and financial statements available at its office at 5301 kyler ave ne ste 103, albertville, mn. This office is open at least 25 hours per week year round. Upon request appointments can be made to view or receive copies of necessary documents.”

Filing and Contact Details

Filer

Filer Name
St Michael Community Education
EIN
41-1790330
Phone
7633911789
Address
5301 KYLER AVE NE STE 103, ALBERTVILLE, MN 55301

Signing Officer

Name
Linda G Borchardt
Title
Treasurer
Phone
7633911789
Signed
2019-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda G Borchardt
Formed
1991
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Lesage Reynolds & Welter Co Ltd
Address
PO BOX 469 101 STEARNS AVE E, EDEN VALLEY, MN 55329-1230
Preparer
Linda G Borchardt
Phone
7633911789
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Provide financial assistance to local pre-k thru 8 catholic school. Hoping to lessen financial burden on individual families by providing funds to purchase technology or other academic needs deemed necessary by staff, to excel in educating children in our community.”

Form 990, Page 1, Part I, Line 6

“Volunteers are active board members: attending meetings, making decisions.”

Form 990, Page 2, Part III, Line 4D

“If investment results allow, the endowment fund makes an annual contribution to the st michael catholic school. Our by-laws read: up to 95% of investment income may be given annually. Beginning 2017 will implement a policy for a reserve fund for years of "down" markets - allowing a donation to the school, without dipping into principle dollars.”

Raw XML Appendix333 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/RecipientTable/RecipientEIN0410707799
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt02295
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TAX PREP & ACCTG
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE FINANCIAL ASSISTANCE TO LOCAL PRE-K THRU 8 CATHOLIC SCHOOL. HOPING TO LESSEN FINANCIAL BURDEN ON INDIVIDUAL FAMILIES BY PROVIDING FUNDS TO PURCHASE TECHNOLOGY OR OTHER ACADEMIC NEEDS DEEMED NECESSARY BY STAFF, TO EXCEL IN EDUCATING CHILDREN IN OUR COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS ARE ACTIVE BOARD MEMBERS: ATTENDING MEETINGS, MAKING DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IF INVESTMENT RESULTS ALLOW, THE ENDOWMENT FUND MAKES AN ANNUAL CONTRIBUTION TO THE ST MICHAEL CATHOLIC SCHOOL. OUR BY-LAWS READ: UP TO 95% OF INVESTMENT INCOME MAY BE GIVEN ANNUALLY. BEGINNING 2017 WILL IMPLEMENT A POLICY FOR A RESERVE FUND FOR YEARS OF "DOWN" MARKETS - ALLOWING A DONATION TO THE SCHOOL, WITHOUT DIPPING INTO PRINCIPLE DOLLARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KEVIN ROSE 8801 30TH ST NE ST MICHAEL, MN 55376 LEROY LINDENFELSER 9896 85TH ST NE MONTICELLO, MN 55362 BRIAN BRUNER 10191 30TH ST NE ST MICHAEL, MN 55376 STEVE SUSTACEK 605 TEALWOOD LN NW ST MICHAEL, MN 55376
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TREASURER PREPARES AND FILES FORM 990. ALL NUMBERS TIE TO INCOME & EXPENSE REPORTS WHICH TIE TO BANK AND FINANCIAL REPORTS FROM OUTSIDE SOURCES. REVIEWED BY MEMBERS OF BOARD AT REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ST MICHAEL COMMUNITY EDUCATIONAL ENDOWMENT FUND INC MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE AT ITS OFFICE AT 5301 KYLER AVE NE STE 103, ALBERTVILLE, MN. THIS OFFICE IS OPEN AT LEAST 25 HOURS PER WEEK YEAR ROUND. UPON REQUEST APPOINTMENTS CAN BE MADE TO VIEW OR RECEIVE COPIES OF NECESSARY DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0985385
IRS990/TotalAssetsEOYAmt0947871
IRS990/TotalAssetsGrp/BOYAmt0985385
IRS990/TotalAssetsGrp/EOYAmt0947871
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02261
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02320
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt061899
IRS990/TotalFunctionalExpensesGrp/TotalAmt064219
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0985385
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0947871
IRS990/TotalOtherProgSrvcExpenseAmt051500
IRS990/TotalOtherProgSrvcGrantAmt051500
IRS990/TotalProgramServiceExpensesAmt061899
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt088809
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt091070
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0985385
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0947871
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0985385
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0947871
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04890 MAYER AVE NE
IRS990/USAddress/CityNm0ST MICHAEL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055376
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA G BORCHARDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07633911789
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ST MICHAEL COMMUNITY EDUCATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ENDOWMENT FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0STMI
ReturnHeader/Filer/EIN0411790330
ReturnHeader/Filer/PhoneNum07633911789
ReturnHeader/Filer/USAddress/AddressLine1Txt05301 KYLER AVE NE STE 103
ReturnHeader/Filer/USAddress/CityNm0ALBERTVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055301
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0261C9FCD7EFD16F2766B1A162C5CCA53001F76A5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05B39E60C31A02988239CFD3D90F009DFA931E827
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.181.144.90
ReturnHeader/FilingSecurityInformation/IPDt02019-10-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:53:50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205795322
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LESAGE REYNOLDS & WELTER CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 469 101 STEARNS AVE E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDEN VALLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0553291230
ReturnHeader/PreparerPersonGrp/PhoneNum07633911789
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LINDA G BORCHARDT
ReturnHeader/ReturnTs02019-10-02T10:53:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$947,871
Liabilities
$0
Net assets
$947,871
Revenue
$91,070
Expenses
$64,219
Net income
$26,851
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$0.00$0.05$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.00$0.04$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.00$0.03$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.00$0.06$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.03$0.05$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.13$0.04$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.09$0.06$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.14$0.05$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.07$0.01$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.01$0.04$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.07$0.06$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.12$0.07$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.00$0.90$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.00$0.85$0.03
2010Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$0.13$0.01$0.12