Civic Intelligence

Hastings Public Schools Foundation

990 • Fiscal year 2013 • EIN 41-1880438

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 28, 2014

1807 Market Blvd - Pmb33555033

(651) 438-3789

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

28th percentile

0.03x

Higher debt load relative to revenue than 28% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

44th percentile

0.9%

Higher net margin than 44% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$1,707,492

Up $162,736 (+11%) from 2012

Net Assets

Up

$1,704,492

Up $161,736 (+10%) from 2012

Liabilities

Up

$3,000

Up $1,000 (+50%) from 2012

Revenue

$110,999

No earlier filing loaded for comparison.

Expenses

Down

$109,973

Down $8,740 (-7.4%) from 2012

Net Income

$1,026

No earlier filing loaded for comparison.

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 2010: $1,397,766Liabilities 2010: $3,000Net Assets 2010: $1,394,7662010Assets 2011: $1,373,234Liabilities 2011: $3,000Net Assets 2011: $1,370,2342011Assets 2012: $1,544,756Liabilities 2012: $2,000Net Assets 2012: $1,542,7562012Assets 2013: $1,707,492Liabilities 2013: $3,000Net Assets 2013: $1,704,4922013Assets 2014: $1,734,869Liabilities 2014: $0Net Assets 2014: $1,734,8692014Assets 2015: $1,698,098Liabilities 2015: $216Net Assets 2015: $1,697,8822015Assets 2016: $1,744,514Liabilities 2016: $0Net Assets 2016: $1,744,5142016Assets 2017: $1,888,461Liabilities 2017: $0Net Assets 2017: $1,888,4612017Assets 2018: $1,806,693Liabilities 2018: $0Net Assets 2018: $1,806,6932018Assets 2019: $1,957,367Liabilities 2019: $0Net Assets 2019: $1,957,3672019Assets 2020: $2,133,477Liabilities 2020: $0Net Assets 2020: $2,133,4772020Assets 2021: $2,346,498Liabilities 2021: $0Net Assets 2021: $2,346,4982021Assets 2022: $2,088,268Liabilities 2022: $0Net Assets 2022: $2,088,2682022

Highlighted filing

2013

Assets$1,707,492
Liabilities$3,000
Net Assets$1,704,492

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $83,9042010Expenses 2011: $82,8642011Expenses 2012: $118,7132012Revenue 2013: $110,999Expenses 2013: $109,973Net Income 2013: $1,0262013Revenue 2014: $101,062Expenses 2014: $120,916Net Income 2014: -$19,8542014Revenue 2015: $85,173Expenses 2015: $113,010Net Income 2015: -$27,8372015Revenue 2016: $78,977Expenses 2016: $114,174Net Income 2016: -$35,1972016Revenue 2017: $90,562Expenses 2017: $98,304Net Income 2017: -$7,7422017Revenue 2018: $145,220Expenses 2018: $141,228Net Income 2018: $3,9922018Revenue 2019: $95,097Expenses 2019: $168,075Net Income 2019: -$72,9782019Revenue 2020: $80,375Expenses 2020: $47,005Net Income 2020: $33,3702020Revenue 2021: $78,039Expenses 2021: $65,706Net Income 2021: $12,3332021Revenue 2022: $62,244Expenses 2022: $20,178Net Income 2022: $42,0662022

Highlighted filing

2013

Revenue$110,999
Expenses$109,973
Net Income$1,026
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 28, 2014
Return Version
2013v3.1
Gross Receipts
$110,999
Mission and Program Overview

Mission

The purpose of the hastings public schools foundation is to enrich educational experiences within the hastings, minnesota public schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,383,283$1,684,524▲ $301,241
Savings and Temporary Cash Investments$161,241$22,853▼ $138,388
Accounts Receivable$232$115▼ $117
Total Assets$1,544,756$1,707,492▲ $162,736
Liabilities
Accounts Payable and Accrued Expenses$2,000$3,000▲ $1,000
Total Liabilities$2,000$3,000▲ $1,000
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,014,199$1,014,199→ $0
Unrestricted Net Assets$403,734$567,246▲ $163,512
Temporarily Rstr Net Assets$124,823$123,047▼ $1,776
Total Net Assets Fund Balance$1,542,756$1,704,492▲ $161,736
Total Liabilities and Net Assets / Fund Balance$1,544,756$1,707,492▲ $162,736

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$1,200$1,200

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,014,199---$1,014,199
2012$1,014,199---$1,014,199
2011$1,014,199---$1,014,199
2010$1,014,199---$1,014,199
2009$1,014,199---$1,014,199
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard WelshonsPresident
Doug EricksonBoard Member
Jim ReissnerBoard Member
Joyce SiebenBoard Member
Kim FreyBoard Member
Leon EndresBoard Member
Rita MolitorBoard Member
Tom DittyBoard Member
Tim CollinsEx Officio B
Jean LanglaisTreasurer/se
Leslie NielsenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$45,108
Program Service Revenue
$13,942
Investment Income
$51,949
Other Revenue
$0
All Other Contributions
$45,108
Change in Net Assets
$1,026
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$65,786
Other Expenses$44,187
Total Fundraising Expense$17,404
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$60,786--$60,786
Office Expenses--$10,351$10,351
Advertising--$6,297$6,297
Grants to Domestic Individuals$5,000--$5,000
Insurance-$1,796-$1,796
Fees for Services Accounting-$1,400-$1,400
Other Expenses$23,312$25$756$25
Total Functional Expenses$89,098$3,471$17,404$109,973
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
41-6000810-GovEducation$60,786
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

The 990 is provided to the board of directors prior to its may meeting. The treasurer reviews the 990 with the board at the may meeting.

Form 990, Page 6, Part VI, Line 12C

The board reviews the conflict of interest policy with the board of directors at its annual may meeting.

Form 990, Page 6, Part VI, Line 19

Upon request and on the organization's website.

Filing and Contact Details

Filer

EIN
41-1880438
Phone
6514383789

Signing Officer

Name
Jean Langlais
Title
Treasurer/secretary
Phone
6514383789
Signed
2014-07-28
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
18

Preparer

Preparer
Thomas a Madsen
Phone
6514373356
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in fair value of investments 160,710

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The fund is invested to preserve its capital and generate a steady income and long-term growth. A portion is also used for scholarships for students in the hastings area. Another portion of the income is being distributed to district 200 educators for programs that promote and enhance educational opportunities in the hastings public schools.

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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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IRS990ScheduleA/PublicSupportCY170Pct00.76670
IRS990ScheduleA/PublicSupportPY170Pct00.78750
IRS990ScheduleA/PublicSupportTotal170Amt0505567
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt045108
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0196509
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt065845
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt059830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0138275
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0505567
IRS990ScheduleA/TotalSupportAmt0659398
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01014199
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01014199
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01014199
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01014199
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01014199
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01014199
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01014199
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01014199
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01014199
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01014199
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/FundsAndOtherAccountsContriAmt060475
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt089098
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01200
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01200
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS INVESTED TO PRESERVE ITS CAPITAL AND GENERATE A STEADY INCOME AND LONG-TERM GROWTH. A PORTION IS ALSO USED FOR SCHOLARSHIPS FOR STUDENTS IN THE HASTINGS AREA. ANOTHER PORTION OF THE INCOME IS BEING DISTRIBUTED TO DISTRICT 200 EDUCATORS FOR PROGRAMS THAT PROMOTE AND ENHANCE EDUCATIONAL OPPORTUNITIES IN THE HASTINGS PUBLIC SCHOOLS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt060786
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10HASTINGS PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine20HASTINGS PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0416000810
IRS990ScheduleI/RecipientTable/USAddress/AddressLine101000 W 11TH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine201000 W 11TH ST
IRS990ScheduleI/RecipientTable/USAddress/City0HASTINGS
IRS990ScheduleI/RecipientTable/USAddress/State0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode055033
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0TOM KEENE MEMORIAL FUND: MUST GRADUATE FROM HASTINGS HIGH SCHOOL AND BE A MEMBER OF THE WRESTLING PROGRAM. MILLER-OYS SCHOLARSHIP FUND: A RECENT GRADUATING HIGH SCHOOL SENIOR WHO WILL BE PURSUING A CAREER IN NURSING (INCLUDING A NON DEGREE PROGRAM) OR A DEGREE IN SCIENCE OR ENGINEERING. SCHOLARSHIP IS AWARDED AFTER SEEING STUDENTS TRANSCRIPTS. LARSON SCHOLARSHIP FUNDS: A RECENT GRADUATING HIGH SCHOOL SENIOR PURSUING POST-HIGH SCHOOL EDUCATION. SCHOLARSHIP IS AWARDED AFTER SEEING STUDENTS TRANSCRIPTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO ITS MAY MEETING. THE TREASURER REVIEWS THE 990 WITH THE BOARD AT THE MAY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY WITH THE BOARD OF DIRECTORS AT ITS ANNUAL MAY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGE IN FAIR VALUE OF INVESTMENTS 160,710
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0124823
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0123047
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01544756
IRS990/TotalAssetsEOYAmt01707492
IRS990/TotalAssetsGrp/BOYAmt01544756
IRS990/TotalAssetsGrp/EOYAmt01707492
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt045108
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt017404
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03471
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt089098
IRS990/TotalFunctionalExpensesGrp/TotalAmt0109973
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02000
IRS990/TotalLiabilitiesEOYAmt03000
IRS990/TotalLiabilitiesGrp/BOYAmt02000
IRS990/TotalLiabilitiesGrp/EOYAmt03000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01542756
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01704492
IRS990/TotalProgramServiceExpensesAmt089098
IRS990/TotalProgramServiceRevenueAmt013942
IRS990/TotalRevenueGrp/ExclusionAmt051949
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013942
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0110999
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01544756
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01707492
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0403734
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0567246
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.HASTINGSPSF.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEAN LANGLAIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06514383789
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine10HASTINGS PUBLIC SCHOOLS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HAST
ReturnHeader/Filer/EIN0411880438
ReturnHeader/Filer/PhoneNum06514383789
ReturnHeader/Filer/USAddress/AddressLine101807 MARKET BLVD - PMB335
ReturnHeader/Filer/USAddress/City0HASTINGS
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055033
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411620961
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10LEWIS KISCH & ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101125 SOUTH FRONTAGE ROAD SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0HASTINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0550332489
ReturnHeader/PreparerPersonGrp/PhoneNum06514373356
ReturnHeader/PreparerPersonGrp/PreparationDt02014-07-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS A MADSEN
ReturnHeader/ReturnTs02014-07-28T09:11:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.00$2.09$0.06$0.02$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.00$2.35$0.08$0.07$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$0.00$2.13$0.08$0.05$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.00$1.96$0.10$0.17$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$0.00$1.81$0.15$0.14$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.00$1.89$0.09$0.10$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.08$0.11$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.00$1.70$0.09$0.11$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$0.10$0.12$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.70$0.11$0.11$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.00$1.54$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.00$1.37$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.00$1.39$0.08