Civic Intelligence

Hastings Public Schools Foundation

990 • Fiscal year 2016 • EIN 41-1880438

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 07, 2017

Organization ProfileWWW.HASTINGSPSF.ORG
1807 Market Blvd - Pmb335Hastings, MN 55033

(651) 438-3789

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

8th percentile

-45%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

55th percentile

2.7%

Faster asset growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

27th percentile

-7.3%

Faster revenue growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,744,514

Up $46,416 (+2.7%) from 2015

Net Assets

Up

$1,744,514

Up $46,632 (+2.7%) from 2015

Liabilities

Down

$0

Down $216 (-100%) from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin8th percentile

Revenue

Down

$78,977

Down $6,196 (-7.3%) from 2015

Expenses

Up

$114,174

Up $1,164 (+1.0%) from 2015

Net Income

Down

-$35,197

Down $7,360 (-26%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

2016

Assets$1,744,514
Liabilities$0
Net Assets$1,744,514
Open 2016 Filing

Operations Trend

Revenue Growth27th percentile

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

2016

Revenue$78,977
Expenses$114,174
Net Income-$35,197
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$78,977
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$1,643,071$1,685,354▲ $42,283
Savings and Temporary Cash Investments$55,027$58,722▲ $3,695
Cash and Non-Interest-Bearing Accounts-$438-
Total Assets$1,698,098$1,744,514▲ $46,416
Liabilities
Accounts Payable and Accrued Expenses$216--
Total Liabilities$216$0▼ $216
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,014,199$1,014,199→ $0
Unrestricted Net Assets$535,150$581,047▲ $45,897
Temporarily Rstr Net Assets$148,533$149,268▲ $735
Total Net Assets Fund Balance$1,697,882$1,744,514▲ $46,632
Total Liabilities and Net Assets / Fund Balance$1,698,098$1,744,514▲ $46,416

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,014,199---$1,014,199
2015$1,014,199---$1,014,199
2014$1,014,199---$1,014,199
2013$1,014,199---$1,014,199
2012$1,014,199---$1,014,199
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Richard WelshonsPresident
Dr Chris JohnstonBoard 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
$49,085
Program Service Revenue
$10,225
Investment Income
$19,667
Other Revenue
$0
All Other Contributions
$49,085
Change in Net Assets
$-35,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$76,528
Other Expenses$37,646
Total Fundraising Expense$13,952
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$67,578--$67,578
Grants to Domestic Individuals$8,950--$8,950
Office Expenses--$7,795$7,795
Advertising--$5,721$5,721
Insurance-$1,810-$1,810
Fees for Services Accounting-$1,600-$1,600
Other Expenses$19,977$57$436$57
Total Functional Expenses$96,505$3,717$13,952$114,174
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hastings Public SchoolsHastings, MNGovEducation$67,578
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 treasurer reviews the form 990 with the hpsf finance committee and then the board.”

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

Filer Name
Hastings Public Schools Foundation
EIN
41-1880438
Phone
6514383789
Address
1807 MARKET BLVD - PMB335, HASTINGS, MN 55033

Signing Officer

Name
Jean Langlais
Title
Treasurer/secretary
Phone
6514383789
Signed
2017-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Langlais
Formed
1997
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
12

Preparer

Firm
Lewis Kisch & Associates Ltd
Address
1125 SOUTH FRONTAGE ROAD SUITE 1, HASTINGS, MN 55033-2489
Preparer
Thomas a Madsen
Phone
6514373356
Supplemental Narrative

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 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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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01014199
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01014199
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01014199
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01014199
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IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt096505
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS INVESTED TO PRESERVE ITS CAPITAL AND GENERATE A STEADY INCOME AND LONG-TERM GROWTH. A 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
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt11500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt23000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt3450
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0T KEENE SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1MILLER-OYS SCHOLARSHIP
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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/L KEENE SCHOLARSHIP FUND: A RECENT GRADUATING HIGH SCHOOL SENIOR PURSUING POST-HIGH SCHOOL EDUCATION. SCHOLARSHIP IS AWARDED AFTER SEEING STUDENTS TRANSCRIPTS. MIKE KRANZ SCHOLARSHIP FUND: A RECENT GRADUATING HIGH SCHOOL SENIOR AND A DISTRICT 200 STUDENT ATHLETE. SCHOLARSHIP IS AWARDED AFTER SEEING STUDENTS TRANSCRIPTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS THE FORM 990 WITH THE HPSF FINANCE COMMITTEE AND THEN THE BOARD.
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/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
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IRS990/TotalContributionsAmt049085
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013952
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03717
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt096505
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114174
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IRS990/TotalProgramServiceRevenueAmt010225
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010225
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt078977
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IRS990/WebsiteAddressTxt0WWW.HASTINGSPSF.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEAN LANGLAIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06514383789
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HASTINGS PUBLIC SCHOOLS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HAST
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ReturnHeader/Filer/PhoneNum06514383789
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EB391D331F4D37A8FE22C1ECCEDDA57CDE19B825
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411620961
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEWIS KISCH & ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01125 SOUTH FRONTAGE ROAD SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HASTINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0550332489
ReturnHeader/PreparerPersonGrp/PhoneNum06514373356
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS A MADSEN
ReturnHeader/ReturnTs02017-11-08T10:03:09-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,744,514
Liabilities
$0
Net assets
$1,744,514
Revenue
$78,977
Expenses
$114,174
Net income
-$35,197
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
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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