Civic Intelligence

Minnesota Land Title Association

990 • Fiscal year 2019 • EIN 41-6022792

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 20, 2020

Organization ProfileMLTA.ORG
C/O R Welshons 1250 N Frontage RoadHastings, MN 55033

(651) 304-3501

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.00x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

47th percentile

1.7%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$21,600

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

46th percentile

1.0%

Faster asset growth than 46% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

11%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$427,771

Up $4,256 (+1.0%) from 2018

Net Assets

Up

$427,771

Up $4,256 (+1.0%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin47th percentile

Revenue

Up

$246,033

Up $23,555 (+11%) from 2018

Expenses

Up

$241,777

Up $63,569 (+36%) from 2018

Net Income

Down

$4,256

Down $40,014 (-90%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$600K$400K$200K$0Assets 2011: $187,238Liabilities 2011: $0Net Assets 2011: $187,2382011Assets 2012: $200,498Liabilities 2012: $0Net Assets 2012: $200,4982012Assets 2013: $237,044Liabilities 2013: $0Net Assets 2013: $237,0442013Assets 2014: $262,138Liabilities 2014: $76Net Assets 2014: $262,0622014Assets 2015: $298,716Liabilities 2015: $0Net Assets 2015: $298,7162015Assets 2016: $344,385Liabilities 2016: $0Net Assets 2016: $344,3852016Assets 2017: $418,600Liabilities 2017: $39,355Net Assets 2017: $379,2452017Assets 2018: $423,515Liabilities 2018: $0Net Assets 2018: $423,5152018Assets 2019: $427,771Liabilities 2019: $0Net Assets 2019: $427,7712019Assets 2020: $450,030Liabilities 2020: $0Net Assets 2020: $450,0302020Assets 2021: $517,608Liabilities 2021: $0Net Assets 2021: $517,6082021Assets 2022: $496,447Liabilities 2022: $0Net Assets 2022: $496,4472022Assets 2023: $497,972Liabilities 2023: $0Net Assets 2023: $497,9722023Assets 2024: $460,508Liabilities 2024: $0Net Assets 2024: $460,5082024Assets 2025: $431,418Liabilities 2025: $0Net Assets 2025: $431,4182025

Highlighted filing

2019

Assets$427,771
Liabilities$0
Net Assets$427,771
Open 2019 Filing

Operations Trend

Revenue Growth69th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $167,315Expenses 2011: $141,909Net Income 2011: $25,4062011Revenue 2012: $162,520Expenses 2012: $149,260Net Income 2012: $13,2602012Revenue 2013: $185,344Expenses 2013: $148,798Net Income 2013: $36,5462013Revenue 2014: $182,283Expenses 2014: $157,265Net Income 2014: $25,0182014Revenue 2015: $206,802Expenses 2015: $170,148Net Income 2015: $36,6542015Revenue 2016: $207,341Expenses 2016: $161,672Net Income 2016: $45,6692016Revenue 2017: $227,397Expenses 2017: $192,537Net Income 2017: $34,8602017Revenue 2018: $222,478Expenses 2018: $178,208Net Income 2018: $44,2702018Revenue 2019: $246,033Expenses 2019: $241,777Net Income 2019: $4,2562019Revenue 2020: $135,699Expenses 2020: $113,439Net Income 2020: $22,2602020Revenue 2021: $203,689Expenses 2021: $136,111Net Income 2021: $67,5782021Revenue 2022: $244,638Expenses 2022: $265,799Net Income 2022: -$21,1612022Revenue 2023: $238,261Expenses 2023: $236,736Net Income 2023: $1,5252023Revenue 2024: $241,583Expenses 2024: $279,047Net Income 2024: -$37,4642024Revenue 2025: $244,033Expenses 2025: $273,123Net Income 2025: -$29,0902025

Highlighted filing

2019

Revenue$246,033
Expenses$241,777
Net Income$4,256
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 20, 2020
Return Version
2019v5.0
Gross Receipts
$246,033
Mission and Program Overview

Mission

Education and promotion of the title industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$423,515$427,771▲ $4,256
Savings and Temporary Cash Investments$415,978$424,412▲ $8,434
Cash and Non-Interest-Bearing Accounts$7,537$3,359▼ $4,178
Total Assets$423,515$427,771▲ $4,256
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$423,515$427,771▲ $4,256
Total Liabilities and Net Assets / Fund Balance$423,515$427,771▲ $4,256
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kathy AroExecutive AssistantPT$21,600$21,600
Richard WelshonsSec/treasurerPT$9,500$9,500

Board Members and Trustees

NameTitle
Karen DrillPast President
Dan PearsonPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$137,349
Program Service Revenue
$100,870
Investment Income
$4,814
Other Revenue
$3,000
Change in Net Assets
$4,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$210,677
Salaries, Compensation, and Employee Benefits$31,100
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$97,846$0$0$97,846
Fees for Services Lobbying$45,000$0$0$45,000
Current Officers, Directors, Trustees, and Key Employees$0$31,100$0$31,100
Other Expenses$27,379$0$0$27,379
Information Technology$11,044$0$0$11,044
Fees for Services Legal$9,000$0$0$9,000
Insurance$1,546$0$0$1,546
Office Expenses$457$0$0$457
Fees for Services Accounting$300$0$0$300
Total Functional Expenses$210,677$31,100$0$241,777
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
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
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Minnesota Land Title Association
EIN
41-6022792
Phone
6513043501
Address
C/O R WELSHONS 1250 N FRONTAGE ROAD, HASTINGS, MN 55033

Signing Officer

Name
Richard Welshons
Title
SECRETARY\TREASURER
Phone
6513043501
Signed
2020-02-20
Discuss with paid preparer
Yes

Organization Details

Formed
1908
Legal Domicile
Mn
Voting Board Members
130
Independent Board Members
130
Employees
0
Volunteers
30

Preparer

Firm
Perfetti & Oberg Ltd
Address
2817 ANTHONY LANE S SUITE 101, ST ANTHONY, MN 55418
Preparer
Linda M Oberg
Phone
6122063080
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

“Membership elects the board”

Pt VI, Line 7B

“At board discretion may bring issues to the membership”

Pt VI, Line 8A

“Secretary takes minutes of the meetings”

Pt VI, Line 19

“Reports are available upon request”

Pt VI, Line 8B

“Committees are not authorized on behalf of the board”

Pt VI, Line 11B

“Secretary presents to the board”

Raw XML Appendix330 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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ReturnHeader/BuildTS02020-11-19 02:30:22Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY\TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06513043501
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA LAND TITLE ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0416022792
ReturnHeader/Filer/PhoneNum06513043501
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O R WELSHONS 1250 N FRONTAGE ROAD
ReturnHeader/Filer/USAddress/CityNm0HASTINGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055033
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09DF79E75DAE13835FA66F2C3A7245118C090246B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09DF79E75DAE13835FA66F2C3A7245118C090246B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.72.42.57
ReturnHeader/FilingSecurityInformation/IPDt02020-02-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm011:51:31
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PERFETTI & OBERG LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02817 ANTHONY LANE S SUITE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST ANTHONY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055418
ReturnHeader/PreparerPersonGrp/PhoneNum06122063080
ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Linda M Oberg
ReturnHeader/ReturnTs02020-02-20T11:51:53-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$427,771
Liabilities
$0
Net assets
$427,771
Revenue
$246,033
Expenses
$241,777
Net income
$4,256
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.31$0.00$4.31$2.44$2.73$0.29
2024Detailed filing. Detailed filing data is available for this year.$4.61$0.00$4.61$2.42$2.79$0.37
2023Detailed filing. Detailed filing data is available for this year.$4.98$0.00$4.98$2.38$2.37$0.02
2022Detailed filing. Detailed filing data is available for this year.$4.96$0.00$4.96$2.45$2.66$0.21
2021Detailed filing. Detailed filing data is available for this year.$5.18$0.00$5.18$2.04$1.36$0.68
2020Detailed filing. Detailed filing data is available for this year.$4.50$0.00$4.50$1.36$1.13$0.22
2019Detailed filing. Detailed filing data is available for this year.$4.28$0.00$4.28$2.46$2.42$0.04
2018Detailed filing. Detailed filing data is available for this year.$4.24$0.00$4.24$2.22$1.78$0.44
2017Detailed filing. Detailed filing data is available for this year.$4.19$0.39$3.79$2.27$1.93$0.35
2016Detailed filing. Detailed filing data is available for this year.$3.44$0.00$3.44$2.07$1.62$0.46
2015Detailed filing. Detailed filing data is available for this year.$2.99$0.00$2.99$2.07$1.70$0.37
2014Detailed filing. Detailed filing data is available for this year.$2.62$0.00$2.62$1.82$1.57$0.25
2013Summary only. Only limited summary data is available for this year.$2.37$0.00$2.37$1.85$1.49$0.37
2012Summary only. Only limited summary data is available for this year.$2.00$0.00$2.00$1.63$1.49$0.13
2011Summary only. Only limited summary data is available for this year.$1.87$0.00$1.87$1.67$1.42$0.25