Civic Intelligence

Cushman Albert Rice Trust 180205

990 • Fiscal year 2021 • EIN 41-6019335

Jan 01, 2021 to Dec 31, 2021 • Filed on May 06, 2022

Organization ProfileN/A
1100 West St Germain StreetSt Cloud, MN 56301

(320) 258-2464

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

82nd percentile

41%

Higher net margin than 82% of similar nonprofits.

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

Top Officer Pay

45th percentile

$41,165

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

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

Asset Growth

40th percentile

5.1%

Faster asset growth than 40% of similar nonprofits.

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

Revenue Growth

98th percentile

860%

Faster revenue growth than 98% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$3,865,763

Up $186,403 (+5.1%) from 2020

Net Assets

Up

$3,865,763

Up $186,403 (+5.1%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin82nd percentile

Revenue

Up

$454,106

Up $406,806 (+860%) from 2020

Expenses

Up

$268,350

Up $224,521 (+512%) from 2020

Net Income

Up

$185,756

Up $182,285 (+5252%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$6.0M$4.0M$2.0M$0Assets 2015: $2,290,508Liabilities 2015: $0Net Assets 2015: $2,290,5082015Assets 2016: $2,586,816Liabilities 2016: $0Net Assets 2016: $2,586,8162016Assets 2017: $2,612,543Liabilities 2017: $0Net Assets 2017: $2,612,5432017Assets 2018: $3,628,025Liabilities 2018: $0Net Assets 2018: $3,628,0252018Assets 2019: $3,672,389Liabilities 2019: $0Net Assets 2019: $3,672,3892019Assets 2020: $3,679,360Liabilities 2020: $0Net Assets 2020: $3,679,3602020Assets 2021: $3,865,763Liabilities 2021: $0Net Assets 2021: $3,865,7632021Assets 2022: $3,860,830Liabilities 2022: $0Net Assets 2022: $3,860,8302022Assets 2023: $3,914,190Liabilities 2023: $0Net Assets 2023: $3,914,1902023Assets 2024: $4,340,281Liabilities 2024: $0Net Assets 2024: $4,340,2812024Assets 2025: $4,598,656Liabilities 2025: $0Net Assets 2025: $4,598,6562025

Highlighted filing

2021

Assets$3,865,763
Liabilities$0
Net Assets$3,865,763
Open 2021 Filing

Operations Trend

Revenue Growth98th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $139,419Expenses 2015: $106,425Net Income 2015: $32,9942015Revenue 2016: $366,330Expenses 2016: $67,836Net Income 2016: $298,4942016Revenue 2017: $109,375Expenses 2017: $83,728Net Income 2017: $25,6472017Revenue 2018: $1,053,574Expenses 2018: $36,904Net Income 2018: $1,016,6702018Revenue 2019: $93,840Expenses 2019: $43,722Net Income 2019: $50,1182019Revenue 2020: $47,300Expenses 2020: $43,829Net Income 2020: $3,4712020Revenue 2021: $454,106Expenses 2021: $268,350Net Income 2021: $185,7562021Revenue 2022: $139,265Expenses 2022: $143,565Net Income 2022: -$4,3002022Revenue 2023: $170,270Expenses 2023: $116,077Net Income 2023: $54,1932023Revenue 2024: $608,326Expenses 2024: $168,655Net Income 2024: $439,6712024Revenue 2025: $402,642Expenses 2025: $146,339Net Income 2025: $256,3032025

Highlighted filing

2021

Revenue$454,106
Expenses$268,350
Net Income$185,756
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 6, 2022
Return Version
2021v4.1
Gross Receipts
$1,659,655
Mission and Program Overview

Mission

To provide financial support to carris health llc

To support carris health llc

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,930,692$3,152,287▲ $221,595
Savings and Temporary Cash Investments$334,449$100,407▼ $234,042
Total Assets$3,679,360$3,865,763▲ $186,403
Other Assets Total$414,219$613,069▲ $198,850
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,679,360$3,865,763▲ $186,403
Total Net Assets Fund Balance$3,679,360$3,865,763▲ $186,403
Total Liabilities and Net Assets / Fund Balance$3,679,360$3,865,763▲ $186,403
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleBaseTotal
-Trustee$41,165$41,165

Board Members and Trustees

NameTitle
Eric WeibergCo-trustee
Jon C SaundersCo-trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$454,106
Other Revenue
$0
Change in Net Assets
$185,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$215,206
Salaries, Compensation, and Employee Benefits$41,165
Other Expenses$11,979
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$215,206--$215,206
Current Officers, Directors, Trustees, and Key Employees-$41,165-$41,165
Depreciation Depletion-$6,757-$6,757
Fees for Services Legal$2,727--$2,727
All Other Expenses-$2,095-$2,095
Fees for Services Accounting-$400-$400
Total Functional Expenses$217,933$50,417$0$268,350
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carris Health LLCWilmar, MN-Operating Hospital Service$215,206
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
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

Governance Explanations

Part VII, Contact Addresses for Officers, Directors, Etc.

“Bremer trust, n.a. - c/o kelly j. Carruth, 1100 west st. Germain street, st. Cloud, mn 56301”

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“Form 990 is provided to the trust's legal counsel and the trustee. They review the tax return for accuracy and discuss any issues with the tax return preparer.”

Explanation for Form 990, Page 6, Part VI, Line 9

“Jon c. Saunders, co-trustee, p.o. Box 130, willmar, mn 56201-0130 eric weiberg, co-trustee, 115 e litchfield ave, ste 120, willmar, mn 56201”

Form 990, Page 6, Part VI, Line 19

“Currently, the trust does not make its governing documents available to the public. The trust does not currently have a conflict of interest policy or audited financial statements, therefore, those items are also not made available to the public.”

Filing and Contact Details

Filer

Filer Name
Cushman Albert Rice Trust 180205
EIN
41-6019335
Phone
3202582464
Address
1100 WEST ST GERMAIN STREET, ST CLOUD, MN 56301

Signing Officer

Name
Kelly Carruth
Title
Officer
Phone
3202582464
Signed
2022-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly J Carruth
Formed
1992
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
2
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
155 NORTH WACKER DRIVE, CHICAGO, IL 60606-1787
Preparer
Shelley Moy
Phone
3128792000
Supplemental Narrative

Additional Explanations

Part III

“Rice memorial hospital is operated by carris health, llc. Payments are now made to carris health, llc for the benefit of rice memorial hospital. See attached court order.”

Explanation for Form 990, Page 2, Part III, Line 3

“Rice memorial hospital is operated by carris health, llc. Payments are now made to carris health, llc for the benefit of rice memorial hospital. See attached court order.”

Explanation for Form 990, Part XI, Line 9

“Factoring adj 78.49; roc 30.90; wash sales $11.96; rounding ($3)”

Raw XML Appendix345 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/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BREMER TRUST, N.A. - C/O KELLY J. CARRUTH, 1100 WEST ST. GERMAIN STREET, ST. CLOUD, MN 56301
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RICE MEMORIAL HOSPITAL IS OPERATED BY CARRIS HEALTH, LLC. PAYMENTS ARE NOW MADE TO CARRIS HEALTH, LLC FOR THE BENEFIT OF RICE MEMORIAL HOSPITAL. SEE ATTACHED COURT ORDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RICE MEMORIAL HOSPITAL IS OPERATED BY CARRIS HEALTH, LLC. PAYMENTS ARE NOW MADE TO CARRIS HEALTH, LLC FOR THE BENEFIT OF RICE MEMORIAL HOSPITAL. SEE ATTACHED COURT ORDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PROVIDED TO THE TRUST'S LEGAL COUNSEL AND THE TRUSTEE. THEY REVIEW THE TAX RETURN FOR ACCURACY AND DISCUSS ANY ISSUES WITH THE TAX RETURN PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4JON C. SAUNDERS, CO-TRUSTEE, P.O. BOX 130, WILLMAR, MN 56201-0130 ERIC WEIBERG, CO-TRUSTEE, 115 E LITCHFIELD AVE, STE 120, WILLMAR, MN 56201
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CURRENTLY, THE TRUST DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. THE TRUST DOES NOT CURRENTLY HAVE A CONFLICT OF INTEREST POLICY OR AUDITED FINANCIAL STATEMENTS, THEREFORE, THOSE ITEMS ARE ALSO NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FACTORING ADJ 78.49; ROC 30.90; WASH SALES $11.96; ROUNDING ($3)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VII, CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 2, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6EXPLANATION FOR FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MEDICAL SERVICES
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WILLMAR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd056201
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03679360
IRS990/TotalAssetsEOYAmt03865763
IRS990/TotalAssetsGrp/BOYAmt03679360
IRS990/TotalAssetsGrp/EOYAmt03865763
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050417
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0217933
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03865763
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0454106
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03865763
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IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0ST CLOUD
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056301
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY CARRUTH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum03202582464
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CUSHMAN ALBERT RICE TRUST 180205
ReturnHeader/Filer/BusinessNameControlTxt0RICE
ReturnHeader/Filer/EIN0416019335
ReturnHeader/Filer/PhoneNum03202582464
ReturnHeader/Filer/USAddress/AddressLine1Txt01100 WEST ST GERMAIN STREET
ReturnHeader/Filer/USAddress/CityNm0ST CLOUD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0346565596
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0155 NORTH WACKER DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0606061787
ReturnHeader/PreparerPersonGrp/PhoneNum03128792000
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELLEY MOY
ReturnHeader/ReturnTs02022-05-09T15:00:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KELLY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CARRUTH
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

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

Open filing
Assets
$3,865,763
Liabilities
$0
Net assets
$3,865,763
Revenue
$454,106
Expenses
$268,350
Net income
$185,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.60$0.00$4.60$0.40$0.15$0.26
2024Detailed filing. Detailed filing data is available for this year.$4.34$0.00$4.34$0.61$0.17$0.44
2023Detailed filing. Detailed filing data is available for this year.$3.91$0.00$3.91$0.17$0.12$0.05
2022Detailed filing. Detailed filing data is available for this year.$3.86$0.00$3.86$0.14$0.14$0.00
2021Detailed filing. Detailed filing data is available for this year.$3.87$0.00$3.87$0.45$0.27$0.19
2020Detailed filing. Detailed filing data is available for this year.$3.68$0.00$3.68$0.05$0.04$0.00
2019Summary only. Only limited summary data is available for this year.$3.67$0.00$3.67$0.09$0.04$0.05
2018Summary only. Only limited summary data is available for this year.$3.63$0.00$3.63$1.05$0.04$1.02
2017Summary only. Only limited summary data is available for this year.$2.61$0.00$2.61$0.11$0.08$0.03
2016Summary only. Only limited summary data is available for this year.$2.59$0.00$2.59$0.37$0.07$0.30
2015Summary only. Only limited summary data is available for this year.$2.29$0.00$2.29$0.14$0.11$0.03