Civic Intelligence

Westonka District 277 Foundation Corp Charter No 1N 862

990 • Fiscal year 2018 • EIN 41-1839631

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

5901 Sunnyfield Rd EMound, MN 55364-8250

(952) 240-6207

Siviq Scores

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

Liabilities / Assets

37th percentile

0.03x

Higher debt load relative to assets than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.05x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

98th percentile

94%

Higher net margin than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

98th percentile

277%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

100th percentile

11048%

Faster revenue growth than 100% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,835,724

Up $1,349,045 (+277%) from 2017

Net Assets

Up

$1,772,839

Up $1,286,160 (+264%) from 2017

Liabilities

Up

$62,885

Up $62,885 from 2017

Revenue

Up

$1,270,773

Up $1,259,374 (+11048%) from 2017

Expenses

Up

$77,998

Up $60,758 (+352%) from 2017

Net Income

Up

$1,192,775

Up $1,198,616 (+20521%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $481,463Liabilities 2014: $0Net Assets 2014: $481,4632014Assets 2015: $466,327Liabilities 2015: $0Net Assets 2015: $466,3272015Assets 2016: $438,804Liabilities 2016: $0Net Assets 2016: $438,8042016Assets 2017: $486,679Liabilities 2017: $0Net Assets 2017: $486,6792017Assets 2018: $1,835,724Liabilities 2018: $62,885Net Assets 2018: $1,772,8392018Assets 2019: $1,956,251Liabilities 2019: $156,607Net Assets 2019: $1,799,6442019Assets 2020: $1,994,134Liabilities 2020: $200,357Net Assets 2020: $1,793,7772020Assets 2021: $2,498,147Liabilities 2021: $318,777Net Assets 2021: $2,179,3702021Assets 2022: $1,978,788Liabilities 2022: $418,132Net Assets 2022: $1,560,6562022Assets 2023: $1,694,345Liabilities 2023: $0Net Assets 2023: $1,694,3452023Assets 2024: $2,098,151Liabilities 2024: $275,043Net Assets 2024: $1,823,1082024Assets 2025: $2,294,890Liabilities 2025: $152,325Net Assets 2025: $2,142,5652025

Highlighted filing

2018

Assets$1,835,724
Liabilities$62,885
Net Assets$1,772,839

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2014: $411,560Expenses 2014: $11,581Net Income 2014: $399,9792014Revenue 2015: $10,853Expenses 2015: $19,570Net Income 2015: -$8,7172015Revenue 2016: -$13,913Expenses 2016: $13,611Net Income 2016: -$27,5242016Revenue 2017: $11,399Expenses 2017: $17,240Net Income 2017: -$5,8412017Revenue 2018: $1,270,773Expenses 2018: $77,998Net Income 2018: $1,192,7752018Revenue 2019: $15,697Expenses 2019: $139,079Net Income 2019: -$123,3822019Revenue 2020: $16,041Expenses 2020: $114,437Net Income 2020: -$98,3962020Revenue 2021: $6,250Expenses 2021: $198,652Net Income 2021: -$192,4022021Revenue 2022: $23,922Expenses 2022: $221,943Net Income 2022: -$198,0212022Revenue 2023: $17,502Expenses 2023: $220,315Net Income 2023: -$202,8132023Revenue 2024: $20,819Expenses 2024: $534,110Net Income 2024: -$513,2912024Revenue 2025: $59,113Expenses 2025: $201,154Net Income 2025: -$142,0412025

Highlighted filing

2018

Revenue$1,270,773
Expenses$77,998
Net Income$1,192,775
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$1,270,773
Mission and Program Overview

Mission

Based on the philosophy that we believe an excellent education provides inspiration for lifelong learning and is the richest heritage we can give our children, Westonka District #277 Foundation is dedicated to its mission of enhancing student opportunities.

Bringing ideas to life by awarding grants to the Westonka Schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$463,399$1,771,242▲ $1,307,843
Cash and Non-Interest-Bearing Accounts$23,280$64,482▲ $41,202
Total Assets$486,679$1,835,724▲ $1,349,045
Liabilities
Accounts Payable and Accrued Expenses-$62,885-
Total Liabilities$0$62,885▲ $62,885
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$1,263,778-
Unrestricted Net Assets$486,679$509,061▲ $22,382
Total Net Assets Fund Balance$486,679$1,772,839▲ $1,286,160
Total Liabilities and Net Assets / Fund Balance$486,679$1,835,724▲ $1,349,045

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$463,399$1,254,458▲ $105,400-$1,762,075
2016$409,683-▲ $53,716-$463,399
2015$446,390-▼ $26,707-$409,683
2014$36,887$414,760▼ $5,257-$446,390
2013$29,360-▲ $7,527-$36,887
Compensation and Service Providers

Board Members and Trustees

NameTitle
Julie JohnsonPresident
Margaret HolsteVice President
Kari KantolaBoard Member
Kathleen Lohmar ExelSecretary
Diane BatesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,270,770
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$0
All Other Contributions
$1,270,770
Change in Net Assets
$1,192,775

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,270,773
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$93,385
Total Revenue per Audited Statements
$1,364,158
Total Revenue per Form 990
$1,270,773
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$74,625
Other Expenses$3,373
Total Fundraising Expense$437
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$42,000--$42,000
Grants to Domestic Orgs$32,625--$32,625
Fees for Services Accounting-$1,350-$1,350
Insurance-$1,257-$1,257
Office Expenses$329-$277$606
Other Expenses--$160$160
Total Functional Expenses$74,954$2,607$437$77,998

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$77,998
Total Expenses per Audited Statements$77,998
Total Expenses per Form 990$77,998
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westonka District 277Minnetrista, MNn/aAwarded 23 grants across 4 schools for community education, staff development, science, music, social services, alternative school, arts, media center, physical education marketing, Peace Garden, and recess supplies, in addition to awarding 4 scholarships.$32,625
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 B, line 11B

The 990 is reviewed in entirety with the board of directors prior to filing.

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

The Board members review the conflict of interest policy and sign on an annual basis.

Form 990, Part VI, Section C, line 19

All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Westonka District 277 Foundation
EIN
41-1839631
Phone
9522406207
Address
5901 Sunnyfield Rd E, Mound, MN 55364-8250

Signing Officer

Name
Diane Bates
Title
Treasurer
Phone
9522406207
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Bates
Formed
1996
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
11

Preparer

Firm
Abdo Eick & Meyers LLP
Address
5201 Eden Avenue Suite 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The Board of Directors assumes responsibility for oversight of the audit and selection of an independent accountant.

Financial Statement Notes

Part V, Line 4:

The Organization's endowment fund is intended to be used for student scholarships.

Part X, Line 2:

The Internal Revenue Service has determined that Westonka is exempt from federal income tax under Section 501(c) (3) of the Internal Revenue Code. Westonka is also exempt from state income taxes. However, any unrelated business income may be subject to taxation. Because Westonka is a public charity, contributions to it may be deductible for tax purposes. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2018, respectively, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Company files informational returns in the U.S. federal jurisdiction and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns prior to fiscal year 2015 are closed. No returns are currently under examination in any jurisdiction.

Raw XML Appendix391 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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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5257
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt029360
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt036887
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07527
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt077998
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt093385
IRS990ScheduleD/RevenueNotReportedAmt093385
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01270773
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization's endowment fund is intended to be used for student scholarships.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Internal Revenue Service has determined that Westonka is exempt from federal income tax under Section 501(c) (3) of the Internal Revenue Code. Westonka is also exempt from state income taxes. However, any unrelated business income may be subject to taxation. Because Westonka is a public charity, contributions to it may be deductible for tax purposes. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2018, respectively, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Company files informational returns in the U.S. federal jurisdiction and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns prior to fiscal year 2015 are closed. No returns are currently under examination in any jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.71110
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt077998
IRS990ScheduleD/TotalRevenuePerForm990Amt01270773
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01364158
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt077998
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt042000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/RecipientTable/CashGrantAmt032625
IRS990ScheduleI/RecipientTable/IRCSectionDesc0n/a
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Awarded 23 grants across 4 schools for community education, staff development, science, music, social services, alternative school, arts, media center, physical education marketing, Peace Garden, and recess supplies, in addition to awarding 4 scholarships.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Westonka District 277
IRS990ScheduleI/RecipientTable/RecipientEIN0411839631
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05901 Sunnyfield Rd E
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Minnetrista
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055364
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Board of Directors reviews applications that are submitted to the Organization based on qualifications for the grant based on applications.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed in entirety with the board of directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board members review the conflict of interest policy and sign on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors assumes responsibility for oversight of the audit and selection of an independent accountant.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01263778
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0486679
IRS990/TotalAssetsEOYAmt01835724
IRS990/TotalAssetsGrp/BOYAmt0486679
IRS990/TotalAssetsGrp/EOYAmt01835724
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01270770
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0437
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02607
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt074954
IRS990/TotalFunctionalExpensesGrp/TotalAmt077998
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt062885
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt062885
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0486679
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01772839
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt074954
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01270773
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0486679
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01835724
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0486679
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0509061
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05901 Sunnyfield Rd E
IRS990/USAddress/CityNm0Mound
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd0553648250
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.westonka277foundation.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Diane Bates
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09522406207
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Westonka District 277 Foundation
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0411839631
ReturnHeader/Filer/PhoneNum09522406207
ReturnHeader/Filer/USAddress/AddressLine1Txt05901 Sunnyfield Rd E
ReturnHeader/Filer/USAddress/CityNm0Mound
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0553648250
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00EA301DE1542D06C63A463B850769D265AAD43D9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId070FFF2B60761838ABE016ECEB5FECC6A16D5FD63
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02019-05-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm007:30:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Abdo Eick & Meyers LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05201 Eden Avenue Suite 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Edina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055436
ReturnHeader/PreparerPersonGrp/PhoneNum09528359090
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven D Anseth CPA
ReturnHeader/ReturnTs02019-05-15T10:48:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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