Civic Intelligence

Albert Lea Public Education Foundation Inc.

990 • Fiscal year 2018 • EIN 41-1989284

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 08, 2019

PO Box 828Albert Lea, MN 56007

(507) 383-5357

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.

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

Liabilities / Revenue

14th percentile

0.00x

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

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

Net Margin

78th percentile

21%

Higher net margin than 78% 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

20th percentile

-6.5%

Faster asset growth than 20% of similar nonprofits.

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

Revenue Growth

4th percentile

-55%

Faster revenue growth than 4% of similar nonprofits.

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

Assets

Down

$1,956,462

Down $136,985 (-6.5%) from 2017

Net Assets

Down

$1,956,462

Down $67,482 (-3.3%) from 2017

Liabilities

Down

$0

Down $69,503 (-100%) from 2017

Revenue

Down

$169,755

Down $210,339 (-55%) from 2017

Expenses

Up

$134,919

Up $21,778 (+19%) from 2017

Net Income

Down

$34,836

Down $232,117 (-87%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$1,956,462
Liabilities$0
Net Assets$1,956,462

Operations Trend

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

2018

Revenue$169,755
Expenses$134,919
Net Income$34,836
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 8, 2019
Return Version
2018v3.1
Gross Receipts
$169,755
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,858,986$1,720,549▼ $138,437
Savings and Temporary Cash Investments$172,295$235,913▲ $63,618
Pledges and Grants Receivable$62,166$0▼ $62,166
Total Assets$2,093,447$1,956,462▼ $136,985
Liabilities
Grants Payable$69,503$0▼ $69,503
Total Liabilities$69,503$0▼ $69,503
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,646,772$1,646,772→ $0
Temporarily Rstr Net Assets$371,542$292,693▼ $78,849
Unrestricted Net Assets$5,630$16,997▲ $11,367
Total Net Assets Fund Balance$2,023,944$1,956,462▼ $67,482
Total Liabilities and Net Assets / Fund Balance$2,093,447$1,956,462▼ $136,985
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lilah AasPresident
Abby LeachDirector
Alan ArendsDirector
Dennis DieserDirector
Judy KnutsonDirector
Lyman SteilDirector
Mariah LynneDirector
Neal SkaarDirector
Kelly SchultzSecretary
Leean DulitzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$138,068
Program Service Revenue
$0
Investment Income
$31,687
Other Revenue
$0
All Other Contributions
$138,068
Change in Net Assets
$34,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,901
Grants and Similar Amounts Paid$61,018
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$61,018--$61,018
Fees for Services Other$27,833$0$0$27,833
Fees for Service Investment Mgmnt Fees$10,353$10,353$0$20,706
All Other Expenses$15,713$0$0$15,713
Other Expenses$5,399$0$0$5,399
Office Expenses$2,499$235$0$2,734
Insurance$0$750$0$750
Fees for Services Management$0$387$0$387
Advertising$0$80$0$80
Total Functional Expenses$123,020$11,899$0$134,919
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Olaf CollegeNorthfield, MN-Scholarships$7,000
Mn State University-mankatoMankato, MN-Scholarships$6,750
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
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Albert Lea Public Education Foundation
EIN
41-1989284
Phone
5073835357
Address
PO BOX 828, ALBERT LEA, MN 56007

Signing Officer

Name
Leean Dulitz
Title
President
Phone
5073835357
Signed
2019-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leean Dulitz
Formed
2000
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Hammer Dieser & Mangskau PLLP
Address
135 S Broadway Ave, Albert Lea, MN 56007-2545
Preparer
Kelly Montanye
Phone
5073732451
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is available to review prior to signing and filing of the return. An official review will not be conducted.

Pt VI, Line 19

Governing documents and financial information is available upon request.

Form 990, Part IX, Line 24E

Class of 61 project 8315. 8315. 0. 0.

Form 990, Part IX, Line 24E

Endowment luncheon 1626. 1626. 0. 0.

Form 990, Part IX, Line 24E

Pathways to success project 727. 727. 0. 0.

Form 990, Part IX, Line 24E

Paws program scholastic acheivement 5045. 5045. 0. 0.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt019461
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016723
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018152
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0112243
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt050026
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0210032
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0988581
IRS990ScheduleA/TotalSupportAmt01100824
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS AVAILABLE TO REVIEW PRIOR TO SIGNING AND FILING OF THE RETURN. AN OFFICIAL REVIEW WILL NOT BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CLASS OF 61 PROJECT 8315. 8315. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENDOWMENT LUNCHEON 1626. 1626. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PATHWAYS TO SUCCESS PROJECT 727. 727. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAWS PROGRAM SCHOLASTIC ACHEIVEMENT 5045. 5045. 0. 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0123020
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LEEAN DULITZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05073835357
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBERT LEA PUBLIC EDUCATION FOUNDATION
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ReturnHeader/Filer/PhoneNum05073835357
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Filings

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
2018Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.17$0.13$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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