Civic Intelligence

Albert Lea Public Education Foundation Inc.

990 • Fiscal year 2017 • EIN 41-1989284

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 16, 2018

Organization ProfileWWW.EFAL-US.ORG
PO Box 828Albert Lea, MN 56007

(507) 373-5686

Siviq Scores

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

Liabilities / Assets

36th percentile

0.03x

Higher debt load relative to assets than 36% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.18x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

86th percentile

32%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

86th percentile

48%

Faster revenue growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$2,093,447

Up $508,766 (+32%) from 2016

Net Assets

Up

$2,023,944

Up $488,724 (+32%) from 2016

Liabilities

Up

$69,503

Up $20,042 (+41%) from 2016

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin95th percentile

Revenue

Up

$380,094

Up $124,052 (+48%) from 2016

Expenses

Up

$113,141

Up $373 (+0.3%) from 2016

Net Income

Up

$266,953

Up $123,679 (+86%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $663,460Liabilities 2011: $0Net Assets 2011: $663,4602011Assets 2012: $870,334Liabilities 2012: $17,091Net Assets 2012: $853,2432012Assets 2013: $1,172,918Liabilities 2013: $27,817Net Assets 2013: $1,145,1012013Assets 2014: $1,395,717Liabilities 2014: $42,721Net Assets 2014: $1,352,9962014Assets 2015: $1,362,386Liabilities 2015: $48,088Net Assets 2015: $1,314,2982015Assets 2016: $1,584,681Liabilities 2016: $49,461Net Assets 2016: $1,535,2202016Assets 2017: $2,093,447Liabilities 2017: $69,503Net Assets 2017: $2,023,9442017Assets 2018: $1,956,462Liabilities 2018: $0Net Assets 2018: $1,956,4622018Assets 2019: $2,583,004Liabilities 2019: $0Net Assets 2019: $2,583,0042019Assets 2020: $2,738,201Liabilities 2020: $0Net Assets 2020: $2,738,2012020Assets 2021: $3,276,907Liabilities 2021: $0Net Assets 2021: $3,276,9072021Assets 2022: $3,007,622Liabilities 2022: $0Net Assets 2022: $3,007,6222022Assets 2023: $3,204,324Liabilities 2023: $0Net Assets 2023: $3,204,3242023Assets 2024: $3,382,951Liabilities 2024: $0Net Assets 2024: $3,382,9512024

Highlighted filing

2017

Assets$2,093,447
Liabilities$69,503
Net Assets$2,023,944
Open 2017 Filing

Operations Trend

Revenue Growth86th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $38,3752011Expenses 2012: $108,5732012Revenue 2013: $210,365Expenses 2013: $58,278Net Income 2013: $152,0872013Revenue 2014: $228,184Expenses 2014: $70,300Net Income 2014: $157,8842014Revenue 2015: $66,749Expenses 2015: $88,275Net Income 2015: -$21,5262015Revenue 2016: $256,042Expenses 2016: $112,768Net Income 2016: $143,2742016Revenue 2017: $380,094Expenses 2017: $113,141Net Income 2017: $266,9532017Revenue 2018: $169,755Expenses 2018: $134,919Net Income 2018: $34,8362018Revenue 2019: $550,557Expenses 2019: $158,698Net Income 2019: $391,8592019Revenue 2020: $117,277Expenses 2020: $120,128Net Income 2020: -$2,8512020Revenue 2021: $144,509Expenses 2021: $142,303Net Income 2021: $2,2062021Revenue 2022: $192,398Expenses 2022: $173,886Net Income 2022: $18,5122022Revenue 2023: $93,491Expenses 2023: $155,526Net Income 2023: -$62,0352023Revenue 2024: $134,611Expenses 2024: $224,137Net Income 2024: -$89,5262024

Highlighted filing

2017

Revenue$380,094
Expenses$113,141
Net Income$266,953
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 16, 2018
Return Version
2017v2.3
Gross Receipts
$380,094
Mission and Program Overview

Mission

To serve the students of district 241 by identifying educational needs and creating financial support through creating permanent endowments and developing funding for the creation and maintenance of new programs.

The mission of the education foundation of albert lea is to serve the students of district 241 by identifying educational needs and creating financial support through creating permanent endowments, developing funding for the creation and maintenance of new programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,395,601$1,858,986▲ $463,385
Savings and Temporary Cash Investments$146,955$172,295▲ $25,340
Pledges and Grants Receivable$42,125$62,166▲ $20,041
Total Assets$1,584,681$2,093,447▲ $508,766
Liabilities
Grants Payable$49,461$69,503▲ $20,042
Total Liabilities$49,461$69,503▲ $20,042
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,347,875$1,646,772▲ $298,897
Temporarily Rstr Net Assets$130,036$371,542▲ $241,506
Unrestricted Net Assets$57,309$5,630▼ $51,679
Total Net Assets Fund Balance$1,535,220$2,023,944▲ $488,724
Total Liabilities and Net Assets / Fund Balance$1,584,681$2,093,447▲ $508,766
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Lilah AasPresident
Kelly SchultzSecretary
Leann DulitzTreasurer
Neal SkaarVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$353,874
Program Service Revenue
$0
Investment Income
$26,220
Other Revenue
$0
All Other Contributions
$353,874
Change in Net Assets
$266,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$60,220
Grants and Similar Amounts Paid$52,921
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$52,921--$52,921
Fees for Services Other$29,167--$29,167
Fees for Service Investment Mgmnt Fees$9,104$9,104-$18,208
Office Expenses$3,223$112-$3,335
Insurance-$750-$750
Fees for Services Accounting-$125-$125
Other Expenses$180$79-$79
Total Functional Expenses$100,249$12,892$0$113,141
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Albert Lea Isd 241Albert Lea, MN-Albert Lea School Di$21,371
University of MnMinneapolis, MN--$10,000
University of Wi---$5,500
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
Backup withholding compliance
No
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
No
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Albert Lea Public Education Foundat
EIN
41-1989284
Phone
5073735686
Address
PO BOX 828, ALBERT LEA, MN 56007

Signing Officer

Name
Lilah Aas
Title
President
Phone
5073730140
Signed
2018-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lilah Aas
Formed
2000
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Hill Benda Skov and Bernau Pa
Address
1655 W MAIN ST SKYLINE PLAZA, ALBERT LEA, MN 56007-2657
Preparer
Lance Skov
Phone
5073771333
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of the education foundation of albert lea is to serve the students in district 241 by identifying educational needs and creating financial support through creating permanent endowments, developing funding for the creating and maintenance of new programs.”

Form 990, Part IX, Line 11G

“CONSULTING 29,167 0 0”

Raw XML Appendix317 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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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1UNIVERSITY OF MN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2UNIVERSITY OF WI
IRS990ScheduleI/RecipientTable/RecipientEIN0416001171
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE EDUCATION FOUNDATION OF ALBERT LEA IS TO SERVE THE STUDENTS IN DISTRICT 241 BY IDENTIFYING EDUCATIONAL NEEDS AND CREATING FINANCIAL SUPPORT THROUGH CREATING PERMANENT ENDOWMENTS, DEVELOPING FUNDING FOR THE CREATING AND MAINTENANCE OF NEW PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING 29,167 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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ReturnHeader/FilingSecurityInformation/IPTm008:31:12
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ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,093,447
Liabilities
$69,503
Net assets
$2,023,944
Revenue
$380,094
Expenses
$113,141
Net income
$266,953
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.00$3.38$0.13$0.22$0.09
2023Summary only. Only limited summary data is available for this year.$3.20$0.00$3.20$0.09$0.16$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.01$0.00$3.01$0.19$0.17$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$0.00$3.28$0.14$0.14$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$0.00$2.74$0.12$0.12$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.58$0.00$2.58$0.55$0.16$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.00$1.96$0.17$0.13$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.09$0.07$2.02$0.38$0.11$0.27
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.05$1.54$0.26$0.11$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.36$0.05$1.31$0.07$0.09$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.40$0.04$1.35$0.23$0.07$0.16
2013Detailed filing. Detailed filing data is available for this year.$1.17$0.03$1.15$0.21$0.06$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.02$0.85$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.00$0.66$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits