Civic Intelligence

Open Book

990 • Fiscal year 2012 • EIN 41-1922193

Jan 01, 2012 to Dec 31, 2012 • Filed on Apr 18, 2013

Organization ProfileWWW.OPENBOOKMN.ORG
1011 Washington Avenue South No 20055415
Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

42nd percentile

-0.9%

Faster asset growth than 42% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$4,702,715

Down $41,046 (-0.9%) from 2011

Net Assets

Down

$4,652,577

Down $38,538 (-0.8%) from 2011

Liabilities

Down

$50,138

Down $2,508 (-4.8%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$550,520

Down $81,202 (-13%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,743,761Liabilities 2011: $52,646Net Assets 2011: $4,691,1152011Assets 2012: $4,702,715Liabilities 2012: $50,138Net Assets 2012: $4,652,5772012Assets 2013: $5,820,287Liabilities 2013: $53,068Net Assets 2013: $5,767,2192013Assets 2014: $5,667,915Liabilities 2014: $70,104Net Assets 2014: $5,597,8112014Assets 2015: $5,356,626Liabilities 2015: $66,140Net Assets 2015: $5,290,4862015Assets 2016: $5,103,784Liabilities 2016: $54,293Net Assets 2016: $5,049,4912016Assets 2017: $4,982,302Liabilities 2017: $63,251Net Assets 2017: $4,919,0512017Assets 2018: $4,654,365Liabilities 2018: $55,666Net Assets 2018: $4,598,6992018Assets 2019: $4,549,397Liabilities 2019: $49,702Net Assets 2019: $4,499,6952019Assets 2020: $4,490,786Liabilities 2020: $76,248Net Assets 2020: $4,414,5382020Assets 2021: $4,393,030Liabilities 2021: $73,275Net Assets 2021: $4,319,7552021Assets 2022: $3,876,583Liabilities 2022: $98,056Net Assets 2022: $3,778,5272022Assets 2023: $3,547,110Liabilities 2023: $105,882Net Assets 2023: $3,441,2282023Assets 2024: $3,852,018Liabilities 2024: $167,463Net Assets 2024: $3,684,5552024

Highlighted filing

2012

Assets$4,702,715
Liabilities$50,138
Net Assets$4,652,577
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $631,7222011Expenses 2012: $550,5202012Revenue 2013: $1,600,717Expenses 2013: $534,801Net Income 2013: $1,065,9162013Revenue 2014: $448,475Expenses 2014: $643,646Net Income 2014: -$195,1712014Revenue 2015: $421,821Expenses 2015: $705,783Net Income 2015: -$283,9622015Revenue 2016: $447,962Expenses 2016: $720,594Net Income 2016: -$272,6322016Revenue 2017: $452,092Expenses 2017: $688,575Net Income 2017: -$236,4832017Revenue 2018: $487,437Expenses 2018: $721,420Net Income 2018: -$233,9832018Revenue 2019: $479,682Expenses 2019: $699,535Net Income 2019: -$219,8532019Revenue 2020: $439,061Expenses 2020: $617,922Net Income 2020: -$178,8612020Revenue 2021: $386,668Expenses 2021: $552,834Net Income 2021: -$166,1662021Revenue 2022: $449,004Expenses 2022: $761,376Net Income 2022: -$312,3722022Revenue 2023: $737,400Expenses 2023: $1,074,699Net Income 2023: -$337,2992023Revenue 2024: $1,362,659Expenses 2024: $1,119,332Net Income 2024: $243,3272024

Highlighted filing

2012

Revenue-
Expenses$550,520
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Apr 18, 2013
Return Version
2012v2.1
Gross Receipts
$512,353
Mission and Program Overview

Mission

Open book welcomes and inspires a vibrant book community by being a catalyst for artistic collaboration, engaging the broader community in book arts and the written and spoken word, and by providing a sustainable home for literary and book arts organizations.

Major Activities

Activity 2
Capital grant - grant donated for the planning of open book capital improvements. The grant will be allocated to writing a case statement, a detailed capital improvements plan, and planning a mcba first floor redesign.
Filing and Contact Details

Filer

EIN
41-1922193
Raw XML AppendixShowing 400 of 483 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/Activity2/Description0CAPITAL GRANT - GRANT DONATED FOR THE PLANNING OF OPEN BOOK CAPITAL IMPROVEMENTS. THE GRANT WILL BE ALLOCATED TO WRITING A CASE STATEMENT, A DETAILED CAPITAL IMPROVEMENTS PLAN, AND PLANNING A MCBA FIRST FLOOR REDESIGN.
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IRS990/ActivityOrMissionDescription0LITERARY ARTS CENTER THAT IS HOME TO THREE LEADING NON-PROFIT LITERARY ARTS ORGANIZATIONS.
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IRS990/Description0OPEN BOOK IS A MINNESOTA NONPROFIT ORGANIZATION FORMED ON AUGUST 21, 1998. THE ORGANIZATION OWNS AND OPERATES THE BUILDING FOR THREE OTHER NONPROFIT ENTITIES: MILKWEED EDITIONS, INC., THE LOFT LITERARY CENTER, INC., AND THE MINNESOTA CENTER FOR BOOK ARTS FOR THE PURPOSE OF ENHANCING AND PROMOTING LITERARY ARTS TO THE GREATER COMMUNITY. OPEN BOOK PROVIDES THE OPPORTUNITY FOR COLLABORATION WITH MANY AND VARIED COMMUNITY ORGANIZATIONS AND INDIVIDUALS THROUGH READINGS, CLASSES, WORKSHOPS, EXHIBITIONS, MENTORSHIP PROGRAMS AND MANY OTHER EVENTS THROUGH THE ACTIVITIES OFFERED BY EACH OF OUR THREE LITERARY ARTS PARTNERS. OPEN BOOK SERVES A GREAT CROSS-SECTION OF THE PUBLIC, WELCOMING AN ESTIMATED 10,000 VISITORS PER MONTH, ON AVERAGE, BASED ON DOOR COUNTS.
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IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ORGANIZATION HAS A TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUTE. OPEN BOOK HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS A PUBLIC CHARITY UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY THE DONORS ARE TAX DEDUCTIBLE. THE ORGANIZATION ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES: CLARIFYING THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATIONS TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2009 TO 2011 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/InvestmentExpensesNotIncluded01274
IRS990ScheduleD/InvestmentExpensesNotIncluded201274
IRS990ScheduleD/Land/BookValue0270000
IRS990ScheduleD/Land/OtherCostOrOtherBasis0270000
IRS990ScheduleD/NetUnrealizedGainsInvestments050037
IRS990ScheduleD/OtherLandBuildings/BookValue0185955
IRS990ScheduleD/OtherLandBuildings/Depreciation030623
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0216578
IRS990ScheduleD/OtherLiabilities/Amount06096
IRS990ScheduleD/OtherLiabilities/Description0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotRptdF990054887
IRS990ScheduleD/RevenueNotRptdOnFinStmt01274
IRS990ScheduleD/RevenueSubtotal0460671
IRS990ScheduleD/TotalExpensesPerForm9900550520
IRS990ScheduleD/TotalOfAmounts06096
IRS990ScheduleD/TotalOfBookValueLandBuildings03924204
IRS990ScheduleD/TotalRevenuePerForm9900461945
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt0554096
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0515558
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation02011 BROUGHT COMPLETION OF FAMILY DAYS GRANT AND EVENTS NOT FUNDED IN 2012.
IRS990ScheduleO/GeneralExplanation/Explanation1THE EXECUTIVE COMMITTEE IS COMPRISED OF THE OFFICERS OF THE BOARD: PRESIDENT; VICE PRESIDENT; SECRETARY; AND TREASURER. THE EXECUTIVE COMMITTEE SHALL ACT DURING INTERVALS BETWEEN THE MEETINGS OF THE BOARD OF DIRECTORS. DURING SUCH INTERVALS AND SUBJECT TO THE BOARD'S CONTROL AND DIRECTION, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE BOARD OF DIRECTORS SUBJECT TO SUCH LIMITATIONS AS THE BOARD MAY IMPOSE FROM TIME TO TIME. UNLESS SPECIFICALLY AUTHORIZED BY THE BOARD OF DIRECTORS BY RESOLUTION APPROVED BY AFFIRMATIVE VOTE OF A MAJORITY OF THE DIRECTORS, THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY AND POWER TO ELECT OFFICERS, TO AMEND THE ARTICLES OF INCORPORATION, TO ADOPT A PLAN OF MERGER OR CONSOLIDATION, TO AUTHORIZE THE SALE, LEASE OR OTHER DISPOSITION OF ANY SUBSTANTIAL PORTION OF THE ASSETS OF THE CORPORATION, TO AMEND, MODIFY, TERMINATE, OR ACCEPT THE SURRENDER OF ANY OCCUPANCY AGREEMENT, TO AUTHORIZE A VOLUNTARY DISSOLUTION OF THE CORPORATION OR A REVOCATION THEREOF, OR TO AMEND THE BYLAWS.
IRS990ScheduleO/GeneralExplanation/Explanation2THREE RESIDENT NONPROFIT ORGANIZATIONS: MILKWEED EDITIONS, INC., THE LOFT LITERARY CENTER, INC., AND THE MINNESOTA CENTER FOR BOOK ARTS ARE EACH ENTITLED TO ELECT ONE DIRECTOR TO THE BOARD AT THE ANNUAL MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation3THE REVIEW AND APPROVAL OF FORM 990 WILL BE AN AGENDA ITEM AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS IN APRIL. EACH DIRECTOR SHALL HAVE THE OPPORTUNITY TO FULLY REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation4PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. RESPONSIBLE PERSONS WHO ARE NOT MEMBERS OF THE BOARD OF DIRECTORS OF OPEN BOOK, OR WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD OR COMMITTEE ACTION, SHALL DISCLOSE TO THE CHAIR OR THE CHAIR'S DESIGNEE ANY CONFLICT OF INTEREST THAT SUCH RESPONSIBLE PERSON HAS WITH RESPECT TO A CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL BE MADE AS SOON AS THE CONFLICT OF INTEREST IS KNOWN TO THE RESPONSIBLE PERSON. THE RESPONSIBLE PERSON SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT OPEN BOOK'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION. A "RESPONSIBLE PERSON" IS ANY PERSON SERVING AS AN OFFICER, EMPLOYEE OR MEMBER OF THE BOARD OF DIRECTORS OF OPEN BOOK. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH THE POTENTIAL CONFLICT SHALL DISCLOSE THE CIRCUMSTANCES TO THE CHAIR OR THE CHAIR'S DESIGNEE, WHO SHALL DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST THAT IS SUBJECT TO THIS POLICY. EACH NEW RESPONSIBLE PERSON SHALL BE REQUIRED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO A NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO OPEN BOOK. ANY SUCH INFORMATION REGARDING BUSINESS INTERESTS OF A RESPONSIBLE PERSON OR A FAMILY MEMBER SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CHAIR, THE BUILDING MANAGER, AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED IMMEDIATELY TO ALL RESPONSIBLE PERSONS.
IRS990ScheduleO/GeneralExplanation/Explanation5COMPENSATION FOR THE GENERAL MANAGER WAS DETERMINED AND APPROVED BY BOARD OF DIRECTORS USING APPROPRIATE COMPARABILITY DATA AND DOCUMENTED IN MEETING MINUTES IN 2011.
IRS990ScheduleO/GeneralExplanation/Explanation6THE ORGANIZATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST IN HARD COPY OR ELECTRONIC FORMAT. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN PROGRAM SERVICES
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART III, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange01
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/StatesWhereCopyOfReturnIsFiled0MN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,702,715
Liabilities
$50,138
Net assets
$4,652,577
Revenue
-
Expenses
$550,520
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.85$0.17$3.68$1.36$1.12$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$0.11$3.44$0.74$1.07$0.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$0.10$3.78$0.45$0.76$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$0.07$4.32$0.39$0.55$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.49$0.08$4.41$0.44$0.62$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$0.05$4.50$0.48$0.70$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.65$0.06$4.60$0.49$0.72$0.23
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$0.06$4.92$0.45$0.69$0.24
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.10$0.05$5.05$0.45$0.72$0.27
2015Detailed filing. Detailed filing data is available for this year.$5.36$0.07$5.29$0.42$0.71$0.28
2014Detailed filing. Detailed filing data is available for this year.$5.67$0.07$5.60$0.45$0.64$0.20
2013Detailed filing. Detailed filing data is available for this year.$5.82$0.05$5.77$1.60$0.53$1.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$0.05$4.65$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.74$0.05$4.69$0.63