Civic Intelligence

Duluth Harbortown Rotary Charitable Foundation

990EZ • Fiscal year 2021 • EIN 41-1814414

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 19, 2022

200 W First StDuluth, MN 55802

(218) 727-8030

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

76th percentile

32%

Higher net margin than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

72nd percentile

29%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

59th percentile

16%

Faster revenue growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$268,129

Up $60,646 (+29%) from 2020

Net Assets

Up

$268,129

Up $60,646 (+29%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$29,628

Up $3,994 (+16%) from 2020

Expenses

Down

$20,000

Down $2,000 (-9.1%) from 2020

Net Income

Up

$9,628

Up $5,994 (+165%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2018: $189,792Liabilities 2018: $02018Assets 2019: $208,888Net Assets 2019: $208,8882019Assets 2020: $207,483Net Assets 2020: $207,4832020Assets 2021: $268,129Net Assets 2021: $268,1292021Assets 2022: $229,428Net Assets 2022: $229,4282022Assets 2023: $301,773Liabilities 2023: $56,850Net Assets 2023: $244,9232023Assets 2024: $332,061Liabilities 2024: $45,589Net Assets 2024: $286,4722024Assets 2025: $364,822Liabilities 2025: $10,585Net Assets 2025: $354,2372025

Highlighted filing

2021

Assets$268,129
Liabilities-
Net Assets$268,129

Operations Trend

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

$100K$50K$0-$50KRevenue 2018: $25,569Expenses 2018: $12,000Net Income 2018: $13,5692018Revenue 2019: $31,096Expenses 2019: $12,000Net Income 2019: $19,0962019Revenue 2020: $25,634Expenses 2020: $22,000Net Income 2020: $3,6342020Revenue 2021: $29,628Expenses 2021: $20,000Net Income 2021: $9,6282021Revenue 2022: $25,805Expenses 2022: $15,000Net Income 2022: $10,8052022Revenue 2023: $16,813Expenses 2023: $17,560Net Income 2023: -$7472023Revenue 2024: $99,081Expenses 2024: $79,000Net Income 2024: $20,0812024Revenue 2025: $99,181Expenses 2025: $70,000Net Income 2025: $29,1812025

Highlighted filing

2021

Revenue$29,628
Expenses$20,000
Net Income$9,628
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 19, 2022
Return Version
2020v4.0
Gross Receipts
$34,862
Mission and Program Overview

Mission

The corporation is created and organized exclusively for charitable and educational purposes including, for such purposes: 1 - establishing a scholarship fund to provide scholarships and educational assistance to students from high schools within the cities of duluth and silver bay, minnesota, for purposes of post-secondary education and technical training at accredited institutions of higher learning. 2 - providing for basic human needs and assisting individuals and communities in need through various funding, volunteering, and service projects.

Program Services

DescriptionGrantsExpenses
DURING THE YEAR THE ORGANIZATION PROVIDED 10,000 IN SCHOLARSHIPS, 2,000 EACH, TO FIVE COMMUNITY MINDED DESERVING INDIVIDUALS.-$10,000
THE ORGANIZATION PROVIDED FUNDS FOR VARIOUS COMMUNITY SERVICE PROJECTS AND TO VARIOUS NONPROFIT ORGANIZATIONS SELECTED BY THE HARBORTOWN ROTARY COMMUNITY SERVICE COMMITTEE.-$10,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SCOTT FISHERPresident-$0--
JUHL HALVORSONSecretary-$0--
GREG GOLDMANTreasurer-$0--
JINELL ABERNATHYDirector-$0--
JEREMY JEANNETTEDirector-$0--
JAMES WHEELERDirector-$0--
CRAIG CARLSONDirector-$0--
DANIEL HOLMDirector-$0--
Filing and Contact Details

Filer

Filer Name
Duluth Harbortown Rotary Charitable
EIN
41-1814414
Phone
2187278030
Address
200 W FIRST ST, DULUTH, MN 55802

Signing Officer

Name
Greg Goldman
Title
Treasurer
Phone
2187278030
Signed
2022-04-19
Discuss with paid preparer
Yes

Preparer

Firm
Kolquist Seitz & Goldman LLC
Address
130 W SUPERIOR ST STE 926, DULUTH, MN 55802-2056
Preparer
Greg Goldman
Phone
2187278030
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses scholarships for college 10,000 community service rotary 10,000 total 20,000

Form 990-ez, Part I, Line 20

Change in fmv of investments 51,019

Form 990-ez, Part II, Line 24

Due from harbortown rotary club 3,135 0 total 3,135 0

Form 990-ez, Part III

The corporation is created and organized exclusively for charitable and educational purposes including, for such purposes: 1 - establishing a scholarship fund to provide scholarships and educational assistance to students from high schools within the cities of duluth and silver bay, minnesota, for purposes of post-secondary education and technical training at accredited institutions of higher learning. 2 - providing for basic human needs and assisting individuals and communities in need through various funding, volunteering, and service projects.

Raw XML Appendix171 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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CompensationExplanation/CompensationExplanationGrp/PersonNm3JINELL ABERNATHY
CompensationExplanation/CompensationExplanationGrp/PersonNm4JEREMY JEANNETTE
CompensationExplanation/CompensationExplanationGrp/PersonNm5JAMES WHEELER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt03135
IRS990EZ/OtherChangesInNetAssetsAmt051019
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES SCHOLARSHIPS FOR COLLEGE 10,000 COMMUNITY SERVICE ROTARY 10,000 TOTAL 20,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHANGE IN FMV OF INVESTMENTS 51,019
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DUE FROM HARBORTOWN ROTARY CLUB 3,135 0 TOTAL 3,135 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING, FOR SUCH PURPOSES: 1 - ESTABLISHING A SCHOLARSHIP FUND TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO STUDENTS FROM HIGH SCHOOLS WITHIN THE CITIES OF DULUTH AND SILVER BAY, MINNESOTA, FOR PURPOSES OF POST-SECONDARY EDUCATION AND TECHNICAL TRAINING AT ACCREDITED INSTITUTIONS OF HIGHER LEARNING. 2 - PROVIDING FOR BASIC HUMAN NEEDS AND ASSISTING INDIVIDUALS AND COMMUNITIES IN NEED THROUGH VARIOUS FUNDING, VOLUNTEERING, AND SERVICE PROJECTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG GOLDMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02187278030
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-19
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ReturnHeader/Filer/PhoneNum02187278030
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ReturnHeader/Filer/USAddress/ZIPCd055802
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KOLQUIST SEITZ & GOLDMAN LLC
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ReturnHeader/ReturnTs02022-04-19T11:07:53-05:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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