Civic Intelligence

Anderson Center for Interdisciplinary Studies Inc.

990 • Fiscal year 2018 • EIN 41-1792770

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 06, 2018

163 Tower View Drive PO Box 406Red Wing, MN 55066

(651) 388-2009

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.02x

Higher debt load relative to revenue than 14% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

22nd percentile

$27,084

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

63rd percentile

5.3%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

-5.6%

Faster revenue growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$6,701,502

Up $338,563 (+5.3%) from 2017

Net Assets

Up

$6,688,611

Up $441,040 (+7.1%) from 2017

Liabilities

Down

$12,891

Down $102,477 (-89%) from 2017

Revenue

Down

$683,843

Down $40,565 (-5.6%) from 2017

Expenses

Up

$605,478

Up $22,534 (+3.9%) from 2017

Net Income

Down

$78,365

Down $63,099 (-45%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2012: $4,818,141Liabilities 2012: $81,747Net Assets 2012: $4,736,3942012Assets 2013: $5,164,934Liabilities 2013: $18,690Net Assets 2013: $5,146,2442013Assets 2014: $5,553,846Liabilities 2014: $26,264Net Assets 2014: $5,527,5822014Assets 2015: $5,972,640Liabilities 2015: $16,318Net Assets 2015: $5,956,3222015Assets 2016: $5,830,114Liabilities 2016: $25,792Net Assets 2016: $5,804,3222016Assets 2017: $6,362,939Liabilities 2017: $115,368Net Assets 2017: $6,247,5712017Assets 2018: $6,701,502Liabilities 2018: $12,891Net Assets 2018: $6,688,6112018Assets 2019: $7,595,479Liabilities 2019: $41,949Net Assets 2019: $7,553,5302019Assets 2020: $8,760,715Liabilities 2020: $167,978Net Assets 2020: $8,592,7372020Assets 2021: $11,495,639Liabilities 2021: $307,159Net Assets 2021: $11,188,4802021Assets 2022: $11,582,340Liabilities 2022: $364,557Net Assets 2022: $11,217,7832022Assets 2023: $11,478,617Liabilities 2023: $154,383Net Assets 2023: $11,324,2342023Assets 2024: $13,184,333Liabilities 2024: $157,468Net Assets 2024: $13,026,8652024Assets 2025: $15,339,987Liabilities 2025: $445,650Net Assets 2025: $14,894,3372025

Highlighted filing

2018

Assets$6,701,502
Liabilities$12,891
Net Assets$6,688,611

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $433,8422012Expenses 2013: $541,8792013Revenue 2014: $611,901Expenses 2014: $521,324Net Income 2014: $90,5772014Revenue 2015: $675,442Expenses 2015: $496,857Net Income 2015: $178,5852015Revenue 2016: $579,034Expenses 2016: $595,532Net Income 2016: -$16,4982016Revenue 2017: $724,408Expenses 2017: $582,944Net Income 2017: $141,4642017Revenue 2018: $683,843Expenses 2018: $605,478Net Income 2018: $78,3652018Revenue 2019: $1,310,150Expenses 2019: $670,708Net Income 2019: $639,4422019Revenue 2020: $1,013,537Expenses 2020: $700,841Net Income 2020: $312,6962020Revenue 2021: $1,605,512Expenses 2021: $818,189Net Income 2021: $787,3232021Revenue 2022: $1,717,666Expenses 2022: $1,023,068Net Income 2022: $694,5982022Revenue 2023: $953,037Expenses 2023: $984,876Net Income 2023: -$31,8392023Revenue 2024: $1,951,679Expenses 2024: $972,919Net Income 2024: $978,7602024Revenue 2025: $2,130,990Expenses 2025: $954,964Net Income 2025: $1,176,0262025

Highlighted filing

2018

Revenue$683,843
Expenses$605,478
Net Income$78,365
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$683,843
Mission and Program Overview

Mission

Anderson center is a rare, rural oasis, a place that celebrates the imagination and supports the development of new arts and ideas through residencies, studies, and public engagement.

The anderson center, in its unique and historic setting of tower view, offers residencies in the arts, science, and humanities; provides a dynamic environment for the exchange of ideas; encourages the pursuit of creative and scholarly endeavors; and serves as a forum for significant contributions to society

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,736,292$3,733,700▼ $2,592
Investments in Publicly Traded Securities$1,932,936$2,191,415▲ $258,479
Investments Other Securities$450,870$577,360▲ $126,490
Cash and Non-Interest-Bearing Accounts$135,461$104,466▼ $30,995
Savings and Temporary Cash Investments$96,000$86,440▼ $9,560
Accounts Receivable$11,380$8,121▼ $3,259
Total Assets$6,362,939$6,701,502▲ $338,563
Liabilities
Accounts Payable and Accrued Expenses$115,368$12,891▼ $102,477
Total Liabilities$115,368$12,891▼ $102,477
Net Assets / Fund Balance
Unrestricted Net Assets$6,024,448$6,446,527▲ $422,079
Temporarily Rstr Net Assets$223,123$242,084▲ $18,961
Total Net Assets Fund Balance$6,247,571$6,688,611▲ $441,040
Total Liabilities and Net Assets / Fund Balance$6,362,939$6,701,502▲ $338,563

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,495,261$1,366,064$4,861,325
Land$200,000-$200,000
Equipment$38,439$111,545$149,984
Other Securities$577,360--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$2,199,082-▲ $401,674-$2,600,756
2016$1,871,392$50▲ $327,640-$2,199,082
2015$1,981,863$10,100▼ $120,571-$1,871,392
2014$1,685,082$10,100▲ $286,681-$1,981,863
2013$1,361,892$11,506▲ $311,684-$1,685,082
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie RogersExecutive DirectorFT$22,917$4,167$27,084

Board Members and Trustees

NameTitle
Robert HedinChair
Paul CloakVice Chair
Fiona MccraeDirector
James LenfesteyDirector
John ChristiansenDirector
Karen MuellerDirector
Marilyn LawrenceDirector
Ralph BalestriereDirector
Sean DowseDirector
Peg NoesenSecretary
Carolyn HedinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$491,257
Program Service Revenue
$144,647
Investment Income
$47,939
Other Revenue
$0
All Other Contributions
$479,773
Change in Net Assets
$78,365

Audited Revenue Reconciliation

Revenue per Audited Statements
$683,843
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$384,675
Total Revenue per Audited Statements
$1,068,518
Total Revenue per Form 990
$683,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$414,642
Salaries, Compensation, and Employee Benefits$190,836
Total Fundraising Expense$50,071
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$94,355$30,674$24,590$149,619
Depreciation Depletion$147,267--$147,267
Occupancy$122,402$901$666$123,969
Fees for Services Accounting$11,102$9,497$14,399$34,998
Current Officers, Directors, Trustees, and Key Employees$17,080$5,553$4,451$27,084
Insurance$17,409$4,060-$21,469
Payroll Taxes$8,913$2,898$2,322$14,133
Other Expenses$13,384$660$2,101$13,384
Advertising$8,795$228$1,054$10,077
Travel$2,370$62$284$2,716
Office Expenses$1,698$44$204$1,946
Total Functional Expenses$500,830$54,577$50,071$605,478

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$627,478
Expenses per Audited Statements$605,478
Total Expenses per Form 990$605,478
Expenses Not Reported on Form 990$22,000
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section A, Line 2

Robert hedin, board chair, is the spouse of carolyn hedin, board treasurer.

Form 990, Part VI, Section A, Line 6

Donors who contribute $50 or more are considered a member of the organization.

Form 990, Part VI, Section B, Line 11B

The board treasurer reviews form 990 and then communicates any concerns to the remainder of the board members prior to filing with the irs.

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

An annual letter containing the conflict of interest policy is signed by employees and board members and returned to the finance manager.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Anderson Ctr for Interdisciplinary
EIN
41-1792770
Phone
6513882009
Address
163 TOWER VIEW DRIVE PO BOX 406, RED WING, MN 55066

Signing Officer

Name
Carolyn Hedin
Title
Board Treasurer
Phone
6513882009
Signed
2018-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Hedin
Formed
1995
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
50

Preparer

Firm
Smith Schafer & Associates Ltd
Address
519 BUSH STREET, RED WING, MN 55066
Preparer
Steve D Salveson
Phone
6513882858
Supplemental Narrative

Financial Statement Notes

PART III, LINE 1A:

The organization displays various artwork, some owned by the organization and others on loan from the artist and/or owner. The organization has elected to not capitalize artwork obtained that meets the criteria of a collection, as defined by fasb asc 958-360-45. Under fasb asc 958-360-45, collections purcahased but not recognized and capitalized are presented at their fair market value and are excluded from being recorded as a contribution. When applicable, proceeds from the sale of collection items are recorded as increases in net assets when received. It is the policy of the organization that proceeds from the sale of any collection items are to be used to purchase additional collection items. Collections at the organization consist of various forms of artwork on public display that are preserved to promote understanding of the organization's objectives. The estimated fair value of the collections is not readily available. Items not considered collections as defined by fasb asc 958-360-45 are capitalized or expensed as appropriate, following the organization's capitalization policy.

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IRS990/MissionDesc0THE ANDERSON CENTER, IN ITS UNIQUE AND HISTORIC SETTING OF TOWER VIEW, OFFERS RESIDENCIES IN THE ARTS, SCIENCE, AND HUMANITIES; PROVIDES A DYNAMIC ENVIRONMENT FOR THE EXCHANGE OF IDEAS; ENCOURAGES THE PURSUIT OF CREATIVE AND SCHOLARLY ENDEAVORS; AND SERVES AS A FORUM FOR SIGNIFICANT CONTRIBUTIONS TO SOCIETY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06247571
IRS990/NetAssetsOrFundBalancesEOYAmt06688611
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0362675
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0666
IRS990/OccupancyGrp/ManagementAndGeneralAmt0901
IRS990/OccupancyGrp/ProgramServicesAmt0122402
IRS990/OccupancyGrp/TotalAmt0123969
IRS990/OfficeExpensesGrp/FundraisingAmt0204
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt044
IRS990/OfficeExpensesGrp/ProgramServicesAmt01698
IRS990/OfficeExpensesGrp/TotalAmt01946
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1SPONSORSHIPS/STIPENDS
IRS990/OtherExpensesGrp/Desc2HONORARIUMS
IRS990/OtherExpensesGrp/FundraisingAmt02101
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0660
IRS990/OtherExpensesGrp/ProgramServicesAmt040870
IRS990/OtherExpensesGrp/ProgramServicesAmt115185
IRS990/OtherExpensesGrp/ProgramServicesAmt213384
IRS990/OtherExpensesGrp/TotalAmt043631
IRS990/OtherExpensesGrp/TotalAmt115185
IRS990/OtherExpensesGrp/TotalAmt213384
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt024590
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030674
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt094355
IRS990/OtherSalariesAndWagesGrp/TotalAmt0149619
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02322
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02898
IRS990/PayrollTaxesGrp/ProgramServicesAmt08913
IRS990/PayrollTaxesGrp/TotalAmt014133
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CAROLYN HEDIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL FEES
IRS990/ProgramServiceRevenueGrp/Desc1EVENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0129751
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114896
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0129751
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114896
IRS990/ProgSrvcAccomActy2Grp/Desc0OUTREACH PROGRAM- EACH YEAR THE CENTER HOSTS A VARIETY OF EDUCATIONAL AND CULTURAL ACTIVITIES, FROM CONFERENCES AND ART CELEBRATIONS TO READINGS AND LECTURES
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt087111
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt013515
IRS990/ProgSrvcAccomActy3Grp/Desc0TOWER VIEW- PRESERVES AND ENHANCES THE HISTORICAL PROPERTY OF THE ORGANIZATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0273925
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0117515
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SCUPLTURE GARDEN-OUTDOOR EXHIBITION OF SCUPLTURES IN THE CENTER'S REFORESTATION PROJECT TO PROMOTE PUBLIC ART.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt03633
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01381
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0548499
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt044606
IRS990/PYOtherExpensesAmt0368867
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0131303
IRS990/PYRevenuesLessExpensesAmt0141464
IRS990/PYSalariesCompEmpBnftPaidAmt0214077
IRS990/PYTotalExpensesAmt0582944
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0724408
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt078365
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012236
IRS990/SavingsAndTempCashInvstGrp/BOYAmt096000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt086440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0491257
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0548499
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0409814
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0504847
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0432019
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02386436
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt047939
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt044606
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt039859
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt037742
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt030558
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0200704
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0687488
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.57990
IRS990ScheduleA/PublicSupportPY170Pct00.48880
IRS990ScheduleA/PublicSupportTotal170Amt01500223
IRS990ScheduleA/SubstantialContributorsTotAmt0886213
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0491257
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0548499
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0409814
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0504847
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0432019
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02386436
IRS990ScheduleA/TotalSupportAmt02587140
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03495261
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01366064
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04861325
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02199082
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02600756
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0401674
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01871392
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt050
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02199082
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0327640
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01981863
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt010100
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01871392
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-120571
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01685082
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt010100
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01981863
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0286681
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01361892
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt011506
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01685082
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0311684
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt022000
IRS990ScheduleD/DonatedServicesUseFcltsAmt022000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt038439
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111545
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0149984
IRS990ScheduleD/ExpensesNotReportedAmt022000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0605478
IRS990ScheduleD/LandGrp/BookValueAmt0200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0200000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0362675
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0577360
IRS990ScheduleD/OtherSecuritiesGrp/Desc0RED WING SHOE COMPANY COMMON STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0384675
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0683843
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DISPLAYS VARIOUS ARTWORK, SOME OWNED BY THE ORGANIZATION AND OTHERS ON LOAN FROM THE ARTIST AND/OR OWNER. THE ORGANIZATION HAS ELECTED TO NOT CAPITALIZE ARTWORK OBTAINED THAT MEETS THE CRITERIA OF A COLLECTION, AS DEFINED BY FASB ASC 958-360-45. UNDER FASB ASC 958-360-45, COLLECTIONS PURCAHASED BUT NOT RECOGNIZED AND CAPITALIZED ARE PRESENTED AT THEIR FAIR MARKET VALUE AND ARE EXCLUDED FROM BEING RECORDED AS A CONTRIBUTION. WHEN APPLICABLE, PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE RECORDED AS INCREASES IN NET ASSETS WHEN RECEIVED. IT IS THE POLICY OF THE ORGANIZATION THAT PROCEEDS FROM THE SALE OF ANY COLLECTION ITEMS ARE TO BE USED TO PURCHASE ADDITIONAL COLLECTION ITEMS. COLLECTIONS AT THE ORGANIZATION CONSIST OF VARIOUS FORMS OF ARTWORK ON PUBLIC DISPLAY THAT ARE PRESERVED TO PROMOTE UNDERSTANDING OF THE ORGANIZATION'S OBJECTIVES. THE ESTIMATED FAIR VALUE OF THE COLLECTIONS IS NOT READILY AVAILABLE. ITEMS NOT CONSIDERED COLLECTIONS AS DEFINED BY FASB ASC 958-360-45 ARE CAPITALIZED OR EXPENSED AS APPROPRIATE, FOLLOWING THE ORGANIZATION'S CAPITALIZATION POLICY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03733700
IRS990ScheduleD/TotalBookValueSecuritiesAmt0577360
IRS990ScheduleD/TotalExpensesPerForm990Amt0605478
IRS990ScheduleD/TotalRevenuePerForm990Amt0683843
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01068518
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0627478
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT HEDIN, BOARD CHAIR, IS THE SPOUSE OF CAROLYN HEDIN, BOARD TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DONORS WHO CONTRIBUTE $50 OR MORE ARE CONSIDERED A MEMBER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD TREASURER REVIEWS FORM 990 AND THEN COMMUNICATES ANY CONCERNS TO THE REMAINDER OF THE BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN ANNUAL LETTER CONTAINING THE CONFLICT OF INTEREST POLICY IS SIGNED BY EMPLOYEES AND BOARD MEMBERS AND RETURNED TO THE FINANCE MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$15.3$0.45$14.9$2.13$0.95$1.18
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.2$0.16$13.0$1.95$0.97$0.98
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$0.15$11.3$0.95$0.98$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$0.36$11.2$1.72$1.02$0.69
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$0.31$11.2$1.61$0.82$0.79
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.76$0.17$8.59$1.01$0.70$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.60$0.04$7.55$1.31$0.67$0.64
2018Detailed filing. Detailed filing data is available for this year.$6.70$0.01$6.69$0.68$0.61$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.36$0.12$6.25$0.72$0.58$0.14
2016Detailed filing. Detailed filing data is available for this year.$5.83$0.03$5.80$0.58$0.60$0.02
2015Detailed filing. Detailed filing data is available for this year.$5.97$0.02$5.96$0.68$0.50$0.18
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$0.03$5.53$0.61$0.52$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.16$0.02$5.15$0.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$0.08$4.74$0.43