Civic Intelligence

Albert Lea Public Education Foundation Inc.

990 • Fiscal year 2020 • EIN 41-1989284

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 02, 2021

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

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

32nd percentile

-2.4%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

50th percentile

6.0%

Faster asset growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,738,201

Up $155,197 (+6.0%) from 2019

Net Assets

Up

$2,738,201

Up $155,197 (+6.0%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$117,277

Down $433,280 (-79%) from 2019

Expenses

Down

$120,128

Down $38,570 (-24%) from 2019

Net Income

Down

-$2,851

Down $394,710 (-101%) from 2019

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

2020

Assets$2,738,201
Liabilities$0
Net Assets$2,738,201

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

2020

Revenue$117,277
Expenses$120,128
Net Income-$2,851
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 2, 2021
Return Version
2020v4.1
Gross Receipts
$117,277
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$2,432,461$2,509,824▲ $77,363
Savings and Temporary Cash Investments$150,543$228,377▲ $77,834
Total Assets$2,583,004$2,738,201▲ $155,197
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,567,453$2,717,244▲ $149,791
Net Assets Without Donor Restrictions$15,551$20,957▲ $5,406
Total Net Assets Fund Balance$2,583,004$2,738,201▲ $155,197
Total Liabilities and Net Assets / Fund Balance$2,583,004$2,738,201▲ $155,197
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad KirchnerPresident
Neal SkaarVice President
Dan DormanDirector
Jean EatonDirector
Jerry NelsonDirector
Manny SteilDirector
Mike PetersonDirector
Abby LeachSecretary
Kim NelsonSecretary
Steve TufteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$81,404
Program Service Revenue
$0
Investment Income
$35,873
Other Revenue
$0
All Other Contributions
$81,404
Change in Net Assets
$-2,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$60,668
Grants and Similar Amounts Paid$59,460
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$59,460--$59,460
Fees for Services Other$25,125$90$0$25,215
Fees for Service Investment Mgmnt Fees$11,297$11,296$0$22,593
Other Expenses$4,180$0$0$4,180
Insurance$0$1,430$0$1,430
Fees for Services Accounting$0$1,235$0$1,235
Office Expenses$0$228$0$228
Advertising$0$180$0$180
Total Functional Expenses$105,425$14,703$0$120,128
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Albert Lea Area SchoolsAlbert Lea, MN-Teacher Grants & Renovations$23,060
Mn State University-mankatoMankato, MN-Scholarships$11,500
University of MinnesotaMinneapolis, MN-Scholarships$8,300
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 35% controlled entity
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
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
Brad Kirchner
Title
President
Phone
5073835357
Signed
2021-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Kirchner
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
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 11G

Consulting fees 25125. 25125.

Form 990, Part IX, Line 11G

Research fee 90. 0. 90. 0.

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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt081404
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0509883
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0138068
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0353874
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0236581
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01319810
IRS990ScheduleA/TotalSupportAmt01473725
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt011500
IRS990ScheduleI/RecipientTable/CashGrantAmt18300
IRS990ScheduleI/RecipientTable/CashGrantAmt223060
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TEACHER GRANTS & RENOVATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MN STATE UNIVERSITY-MANKATO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1UNIVERSITY OF MINNESOTA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ALBERT LEA AREA SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0411687554
IRS990ScheduleI/RecipientTable/RecipientEIN1416007513
IRS990ScheduleI/RecipientTable/RecipientEIN2416001171
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0730 MAYWOOD AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1100 CHURCH ST SE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2211 RICHWAY DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MANKATO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ALBERT LEA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056001
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd155455
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd256007
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt2CONSULTING FEES 25125. 25125.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RESEARCH FEE 90. 0. 90. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02583004
IRS990/TotalAssetsEOYAmt02738201
IRS990/TotalAssetsGrp/BOYAmt02583004
IRS990/TotalAssetsGrp/EOYAmt02738201
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt081404
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014703
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0105425
IRS990/TotalFunctionalExpensesGrp/TotalAmt0120128
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02583004
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02738201
IRS990/TotalProgramServiceExpensesAmt0105425
IRS990/TotalRevenueGrp/ExclusionAmt035873
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0117277
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02583004
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02738201
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 828
IRS990/USAddress/CityNm0ALBERT LEA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056007
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.EFAL-US.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRAD KIRCHNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05073835357
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBERT LEA PUBLIC EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ALBE
ReturnHeader/Filer/EIN0411989284
ReturnHeader/Filer/PhoneNum05073835357
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 828
ReturnHeader/Filer/USAddress/CityNm0ALBERT LEA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056007
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hammer Dieser & Mangskau PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0135 S Broadway Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Albert Lea
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN

Document Assets

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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
2020Detailed filing. Detailed filing data is available for this year.$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
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