Civic Intelligence

Central Square Inc.

990 • Fiscal year 2023 • EIN 41-1795911

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

105 2nd Ave NE Suite 111Glenwood, MN 56334

(320) 634-0400

Siviq Scores

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

Liabilities / Assets

75th percentile

0.31x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

1.61x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

57th percentile

7.4%

Higher net margin than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

42nd percentile

1.6%

Faster asset growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

14th percentile

-26%

Faster revenue growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,112,538

Up $62,970 (+1.6%) from 2022

Net Assets

Up

$2,830,076

Up $325,067 (+13%) from 2022

Liabilities

Down

$1,282,462

Down $262,097 (-17%) from 2022

Revenue

Down

$798,838

Down $286,085 (-26%) from 2022

Expenses

Up

$740,011

Up $149,329 (+25%) from 2022

Net Income

Down

$58,827

Down $435,414 (-88%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,183,963Liabilities 2011: $55,573Net Assets 2011: $1,128,3902011Assets 2012: $1,149,642Liabilities 2012: $130Net Assets 2012: $1,149,5122012Assets 2013: $1,204,340Liabilities 2013: $0Net Assets 2013: $1,204,3402013Assets 2014: $1,140,707Liabilities 2014: $0Net Assets 2014: $1,140,7072014Assets 2015: $1,138,064Liabilities 2015: $1,995Net Assets 2015: $1,136,0692015Assets 2016: $1,140,021Liabilities 2016: $2,436Net Assets 2016: $1,137,5852016Assets 2017: $1,176,037Liabilities 2017: $3,647Net Assets 2017: $1,172,3902017Assets 2018: $1,163,022Liabilities 2018: $1,064Net Assets 2018: $1,161,9582018Assets 2019: $1,541,103Liabilities 2019: $70,571Net Assets 2019: $1,470,5322019Assets 2021: $2,707,782Liabilities 2021: $992,723Net Assets 2021: $1,715,0592021Assets 2022: $4,049,568Liabilities 2022: $1,544,559Net Assets 2022: $2,505,0092022Assets 2023: $4,112,538Liabilities 2023: $1,282,462Net Assets 2023: $2,830,0762023Assets 2024: $4,169,930Liabilities 2024: $1,191,550Net Assets 2024: $2,978,3802024

Highlighted filing

2023

Assets$4,112,538
Liabilities$1,282,462
Net Assets$2,830,076

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $66,055Expenses 2011: $106,963Net Income 2011: -$40,9082011Revenue 2012: $93,556Expenses 2012: $105,274Net Income 2012: -$11,7182012Revenue 2013: $66,206Expenses 2013: $94,677Net Income 2013: -$28,4712013Revenue 2014: $160,421Expenses 2014: $198,978Net Income 2014: -$38,5572014Revenue 2015: $158,250Expenses 2015: $163,211Net Income 2015: -$4,9612015Revenue 2016: $166,477Expenses 2016: $162,295Net Income 2016: $4,1822016Revenue 2017: $251,315Expenses 2017: $216,081Net Income 2017: $35,2342017Revenue 2018: $234,727Expenses 2018: $234,997Net Income 2018: -$2702018Revenue 2019: $316,497Expenses 2019: $265,768Net Income 2019: $50,7292019Revenue 2021: $513,315Expenses 2021: $492,041Net Income 2021: $21,2742021Revenue 2022: $1,084,923Expenses 2022: $590,682Net Income 2022: $494,2412022Revenue 2023: $798,838Expenses 2023: $740,011Net Income 2023: $58,8272023Revenue 2024: $634,888Expenses 2024: $554,972Net Income 2024: $79,9162024

Highlighted filing

2023

Revenue$798,838
Expenses$740,011
Net Income$58,827
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$798,838
Mission and Program Overview

Mission

The mission of central square inc is to operate and maintain facilities and to develop and administer programs for the civic betterment, education and use by organizations in the community

Supporting the arts in west central minnesota

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,523,242$2,488,315▼ $34,927
Rtn Earn Endowment Incm Other Fnds$1,526,869$2,079,076▲ $552,207
Savings and Temporary Cash Investments$712,647$1,597,866▲ $885,219
Investments in Publicly Traded Securities$788,308--
Pd in Cap Srpls Land Bldg Eqp Fund$977,140$750,000▼ $227,140
Cash and Non-Interest-Bearing Accounts$25,371$26,357▲ $986
Cap Stk Tr Prin Current Funds$1,000$1,000→ $0
Total Assets$4,049,568$4,112,538▲ $62,970
Liabilities
Other Liabilities$1,538,015$1,276,475▼ $261,540
Accounts Payable and Accrued Expenses$6,544$5,987▼ $557
Total Liabilities$1,544,559$1,282,462▼ $262,097
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,505,009$2,830,076▲ $325,067
Total Liabilities and Net Assets / Fund Balance$4,049,568$4,112,538▲ $62,970

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,226,921$1,266,874$2,493,795
Land$351,680-$351,680
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry ZavadilPresident
Barb KramberSecretary
Ted HalvorsonTreasurer
John StoneVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$567,711
Program Service Revenue
$59,876
Investment Income
$1,856
Other Revenue
$169,395
All Other Contributions
$250,268
Change in Net Assets
$58,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$518,728
Salaries, Compensation, and Employee Benefits$221,283
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$321,249--$321,249
Other Salaries and Wages$221,283--$221,283
Interest$56,833--$56,833
Depreciation Depletion$46,865--$46,865
Office Expenses$28,538--$28,538
Other Expenses$16,854--$16,854
Advertising$7,668--$7,668
Total Functional Expenses$740,011$0$0$740,011
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gsb - 77534$934,480
Gsb - 74092$341,995
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
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 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Central Square Inc
EIN
41-1795911
Address
105 2ND AVE NE SUITE 111, GLENWOOD, MN 56334

Signing Officer

Name
John Stone
Title
Vice President
Signed
2024-11-14

Organization Details

Principal Officer
John Stone
Voting Board Members
8
Independent Board Members
8
Employees
6
Volunteers
25

Preparer

Firm
Wangsness Ogdahl & Associates
Address
16 1ST AVE SE, GLENWOOD, MN 56334
Preparer
William C Ogdahl Ii
Phone
3206343674
Supplemental Narrative

Additional Explanations

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

Special events at the facility

Form 990, Part XI, Line 9

Book / tax depreciation difference 2

Raw XML Appendix325 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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IRS990/TotalProgramServiceExpensesAmt0740011
IRS990/TotalProgramServiceRevenueAmt059876
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt061732
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0798838
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04049568
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04112538
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0105 2ND AVE NE
IRS990/USAddress/AddressLine2Txt0SUITE 108
IRS990/USAddress/CityNm0GLENWOOD
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056334
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN STONE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRAL SQUARE INC
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0411795911
ReturnHeader/Filer/USAddress/AddressLine1Txt0105 2ND AVE NE SUITE 111
ReturnHeader/Filer/USAddress/CityNm0GLENWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056334
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455034327
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WANGSNESS OGDAHL & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016 1ST AVE SE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056334
ReturnHeader/PreparerPersonGrp/PhoneNum03206343674
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM C OGDAHL II
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-14T12:25:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$1.19$2.98$0.63$0.55$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.11$1.28$2.83$0.80$0.74$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.05$1.54$2.51$1.08$0.59$0.49
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.99$1.72$0.51$0.49$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.07$1.47$0.32$0.27$0.05
2018Summary only. Only limited summary data is available for this year.$1.16$0.00$1.16$0.23$0.23$0.00
2017Summary only. Only limited summary data is available for this year.$1.18$0.00$1.17$0.25$0.22$0.04
2016Summary only. Only limited summary data is available for this year.$1.14$0.00$1.14$0.17$0.16$0.00
2015Summary only. Only limited summary data is available for this year.$1.14$0.00$1.14$0.16$0.16$0.00
2014Summary only. Only limited summary data is available for this year.$1.14$0.00$1.14$0.16$0.20$0.04
2013Summary only. Only limited summary data is available for this year.$1.20$0.00$1.20$0.07$0.09$0.03
2012Summary only. Only limited summary data is available for this year.$1.15$0.00$1.15$0.09$0.11$0.01
2011Summary only. Only limited summary data is available for this year.$1.18$0.06$1.13$0.07$0.11$0.04