Civic Intelligence

Albert Lea Public Education Foundation Inc.

990 • Fiscal year 2021 • EIN 41-1989284

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 25, 2022

Organization ProfileWWW.EFAL-US.ORG
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

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

29th percentile

1.5%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

67th percentile

20%

Faster asset growth than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

61st percentile

23%

Faster revenue growth than 61% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$3,276,907

Up $538,706 (+20%) from 2020

Net Assets

Up

$3,276,907

Up $538,706 (+20%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin29th percentile

Revenue

Up

$144,509

Up $27,232 (+23%) from 2020

Expenses

Up

$142,303

Up $22,175 (+18%) from 2020

Net Income

Up

$2,206

Up $5,057 (+177%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth67th 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

2021

Assets$3,276,907
Liabilities$0
Net Assets$3,276,907
Open 2021 Filing

Operations Trend

Revenue Growth61st 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

2021

Revenue$144,509
Expenses$142,303
Net Income$2,206
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 25, 2022
Return Version
2021v4.1
Gross Receipts
$144,509
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$2,509,824$2,907,042▲ $397,218
Cash and Non-Interest-Bearing Accounts-$243,458-
Savings and Temporary Cash Investments$228,377$126,407▼ $101,970
Total Assets$2,738,201$3,276,907▲ $538,706
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,717,244$3,255,591▲ $538,347
Net Assets Without Donor Restrictions$20,957$21,316▲ $359
Total Net Assets Fund Balance$2,738,201$3,276,907▲ $538,706
Total Liabilities and Net Assets / Fund Balance$2,738,201$3,276,907▲ $538,706
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Brad KirchnerPresident
Neal SkaarVice President
Dan DormanDirector
David FrameDirector
Janelle KoepkeDirector
Jean EatonDirector
Jerry NelsonDirector
Mike PetersonDirector
Robert RoweDirector
Abby LeachSecretary
Kim NelsonSecretary
Steve TufteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$81,944
Program Service Revenue
$0
Investment Income
$62,565
Other Revenue
$0
All Other Contributions
$81,944
Change in Net Assets
$2,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$92,191
Other Expenses$50,112
Total Fundraising Expense$1,690
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$92,191--$92,191
Fees for Service Investment Mgmnt Fees$11,007$11,006$0$22,013
Fees for Services Accounting$0$5,995$0$5,995
All Other Expenses$4,260$0$1,690$5,950
Other Expenses$4,995$0$0$4,995
Insurance$0$886$0$886
Office Expenses$0$376$0$376
Advertising$0$227$0$227
Total Functional Expenses$121,571$19,042$1,690$142,303
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Albert Lea Area SchoolsAlbert Lea, MN-Teacher Grants$21,619
South Dakota State UniversityBrookings, SD-Scholarships$20,000
Mn State University-mankatoMankato, MN-Scholarships$16,000
University of MinnesotaMinneapolis, MN-Scholarships$8,800
University of IowaIowa City, IA-Scholarships$7,500
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
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
Neal Skaar
Title
President
Phone
5073835357
Signed
2022-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neal Skaar
Formed
2000
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

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.”

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0353874
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01165173
IRS990ScheduleA/TotalSupportAmt01362192
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,276,907
Liabilities
$0
Net assets
$3,276,907
Revenue
$144,509
Expenses
$142,303
Net income
$2,206
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
2021Detailed filing. Detailed filing data is available for this year.$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
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