Civic Intelligence

Owatonna Foundation Inc.

990 • Fiscal year 2020 • EIN 41-6038547

Jan 01, 2020 to Dec 31, 2020 • Filed on Jan 09, 2022

Organization ProfileWWW.OWATONNAFOUNDATION.ORG
PO Box 642Owatonna, MN 55060

(507) 455-2995

Siviq Scores

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

Liabilities / Assets

31st percentile

0.05x

Higher debt load relative to assets than 31% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

56th percentile

0.26x

Higher debt load relative to revenue than 56% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

93rd percentile

62%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

24th percentile

$30,082

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

72nd percentile

18%

Faster asset growth than 72% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

89%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$8,457,831

Up $1,285,030 (+18%) from 2019

Net Assets

Up

$8,058,189

Up $1,058,733 (+15%) from 2019

Liabilities

Up

$399,642

Up $226,297 (+131%) from 2019

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin93rd percentile

Revenue

Up

$1,519,222

Up $715,598 (+89%) from 2019

Expenses

Up

$574,555

Up $293,335 (+104%) from 2019

Net Income

Up

$944,667

Up $422,263 (+81%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$15M$10M$5.0M$0Assets 2009: $4,682,641Liabilities 2009: $0Net Assets 2009: $4,682,6412009Assets 2011: $3,460,187Liabilities 2011: $0Net Assets 2011: $3,460,1872011Assets 2012: $3,570,746Liabilities 2012: $0Net Assets 2012: $3,570,7462012Assets 2013: $4,157,173Liabilities 2013: $527Net Assets 2013: $4,156,6462013Assets 2014: $4,531,451Liabilities 2014: $2,767Net Assets 2014: $4,528,6842014Assets 2015: $4,725,895Liabilities 2015: $184,533Net Assets 2015: $4,541,3622015Assets 2016: $5,038,420Liabilities 2016: $90,958Net Assets 2016: $4,947,4622016Assets 2017: $5,931,096Liabilities 2017: $52,921Net Assets 2017: $5,878,1752017Assets 2018: $5,929,647Liabilities 2018: $67,929Net Assets 2018: $5,861,7182018Assets 2019: $7,172,801Liabilities 2019: $173,345Net Assets 2019: $6,999,4562019Assets 2020: $8,457,831Liabilities 2020: $399,642Net Assets 2020: $8,058,1892020Assets 2021: $10,156,678Liabilities 2021: $403,525Net Assets 2021: $9,753,1532021Assets 2022: $8,946,592Liabilities 2022: $210,745Net Assets 2022: $8,735,8472022Assets 2023: $10,116,921Liabilities 2023: $75,239Net Assets 2023: $10,041,6822023Assets 2024: $11,232,066Liabilities 2024: $258,276Net Assets 2024: $10,973,7902024

Highlighted filing

2020

Assets$8,457,831
Liabilities$399,642
Net Assets$8,058,189
Open 2020 Filing

Operations Trend

Revenue Growth93rd percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2009: $21,284Expenses 2009: $1,035,528Net Income 2009: -$1,014,2442009Revenue 2011: $510,240Expenses 2011: $1,635,394Net Income 2011: -$1,125,1542011Revenue 2012: $359,177Expenses 2012: $468,545Net Income 2012: -$109,3682012Revenue 2013: $794,599Expenses 2013: $286,877Net Income 2013: $507,7222013Revenue 2014: $665,328Expenses 2014: $249,009Net Income 2014: $416,3192014Revenue 2015: $545,461Expenses 2015: $268,359Net Income 2015: $277,1022015Revenue 2016: $359,115Expenses 2016: $286,857Net Income 2016: $72,2582016Revenue 2017: $663,646Expenses 2017: $241,966Net Income 2017: $421,6802017Revenue 2018: $802,506Expenses 2018: $294,788Net Income 2018: $507,7182018Revenue 2019: $803,624Expenses 2019: $281,220Net Income 2019: $522,4042019Revenue 2020: $1,519,222Expenses 2020: $574,555Net Income 2020: $944,6672020Revenue 2021: $1,553,980Expenses 2021: $501,399Net Income 2021: $1,052,5812021Revenue 2022: $562,340Expenses 2022: $311,423Net Income 2022: $250,9172022Revenue 2023: $761,379Expenses 2023: $478,642Net Income 2023: $282,7372023Revenue 2024: $916,828Expenses 2024: $559,000Net Income 2024: $357,8282024

Highlighted filing

2020

Revenue$1,519,222
Expenses$574,555
Net Income$944,667
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jan 9, 2022
Return Version
2020v4.0
Gross Receipts
$2,977,444
Mission and Program Overview

Mission

To provide money grants to non-profit agencies located in steele county to acquire property & equipment and to provide scholarships to local high school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,587,412$7,805,237▲ $1,217,825
Savings and Temporary Cash Investments$216,344$420,358▲ $204,014
Total Assets$7,172,801$8,457,831▲ $1,285,030
Other Assets Total$369,045$232,236▼ $136,809
Liabilities
Grants Payable$170,000$395,784▲ $225,784
Accounts Payable and Accrued Expenses$3,345$3,858▲ $513
Total Liabilities$173,345$399,642▲ $226,297
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,600,192$6,613,080▲ $1,012,888
Net Assets With Donor Restrictions$1,399,264$1,445,109▲ $45,845
Total Net Assets Fund Balance$6,999,456$8,058,189▲ $1,058,733
Total Liabilities and Net Assets / Fund Balance$7,172,801$8,457,831▲ $1,285,030
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Laura ReslerExecutive SePT$30,082$30,082

Board Members and Trustees

NameTitle
Dennis MeillierPresident
Andy MichaletzTrustee
Betsy LindgrenTrustee
Bob HeersTrustee
Bob WottrengTrustee
Brandon WayneTrustee
Brian BunkersTrustee
Carol G NelsonTrustee
Chadwick LangeTrustee
Charles HerrmannTrustee
Corey MensinkTrustee
Dale GandrudTrustee
Dave RamseyTrustee
David EinhausTrustee
David SeykoraTrustee
Dean VelzkeTrustee
Dennis Von RudenTrustee
Gene MichaelsonTrustee
Gerald DeetzTrustee
Gregg DraegerTrustee
Jay JohnsonTrustee
Jolayne MohsTrustee
Judy PlemelTrustee
Kent KienholzTrustee
Michael JensenTrustee
Monte MitchellTrustee
Sharon WestTrustee
Stephen SmithTrustee
Timothy McmanimonTrustee
Todd HaleTrustee
William BeerTrustee
Ray StawarzSecretary-tr
Thomas DufresneVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,055,185
Program Service Revenue
$0
Investment Income
$464,037
Other Revenue
$0
All Other Contributions
$1,055,185
Change in Net Assets
$944,667

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,519,222
Revenue Not Reported on Form 990
$114,066
Total Revenue per Audited Statements
$1,633,288
Total Revenue per Form 990
$1,519,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$463,535
Other Expenses$78,637
Total Fundraising Expense$35,981
Salaries, Compensation, and Employee Benefits$32,383
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$432,035--$432,035
Advertising--$35,981$35,981
Grants to Domestic Individuals$31,500--$31,500
Current Officers, Directors, Trustees, and Key Employees-$30,082-$30,082
Occupancy-$8,109-$8,109
Insurance-$6,997-$6,997
Office Expenses-$5,432-$5,432
Other Expenses-$5,289-$5,289
Payroll Taxes-$2,301-$2,301
Conferences and Meetings-$600-$600
Total Functional Expenses$463,535$75,039$35,981$574,555

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$574,555
Total Expenses per Audited Statements$574,555
Total Expenses per Form 990$574,555
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Owatonna Isd 761 FoundationOwatonna, MNGovOFFICE @ NEW HIGH SC$250,000
Semcac Senior DiniingOwatonna, MN501c3Kitchen Upgrade$35,500
We All Play - Owatonna Chamber FounOwatonna, MN501c3New Play Ground$33,208
Owatonna Parks & RecreationOwatonna, MNGovFountain$25,500
LET'S SMILE INCOwatonna, MN501c3Van$20,800
Hospitality House of OwatonnaOwatonna, MN501c3Windows & Doors$18,751
Steele County Free ClinicOwatonna, MN501c3Dental Equipment$15,249
Owatonna Fire DepartmentOwatonna, MNGovPpe Storage$12,500
Community Pathways of Steele CountyOwatonna, MN501c3Humanitarian Aide$10,000
Steele County Master GardenersOwatonna, MN501c3Shed & Tiller$5,527
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
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“It is reviewed and approved by the signing of the return and subsequent filing.”

Form 990, Page 6, Part VI, Line 12C

“The organization reviews the disclosures annually. At this point, no conflicts are present. The organization will review any conflict that comes to their attention to make sure it is in the best interest of the organization.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Owatonna Foundation Inc
EIN
41-6038547
Phone
5074552995
Address
PO BOX 642, OWATONNA, MN 55060

Signing Officer

Name
Dennis Meillier
Title
President
Phone
5074552995
Signed
2022-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Meillier
Formed
1957
Legal Domicile
Mn
Voting Board Members
33
Independent Board Members
33
Employees
1
Volunteers
30

Preparer

Firm
Struss Cpas Pc
Address
PO BOX 372, OWATONNA, MN 55060
Preparer
Sarah M Struss
Phone
5074510611
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE SE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt30TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt31VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt32PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt33SECRETARY-TR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01957
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0323930
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt033
IRS990/GrantAmt0432035
IRS990/GrantsPayableGrp/BOYAmt0170000
IRS990/GrantsPayableGrp/EOYAmt0395784
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt031500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt031500
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0432035
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0432035
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01782152
IRS990/GrossReceiptsAmt02977444
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt033
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06997
IRS990/InsuranceGrp/TotalAmt06997
IRS990/InvestmentIncomeGrp/ExclusionAmt0139749
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0358
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0140107
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06587412
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07805237
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01458222
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE MONEY GRANTS TO NON-PROFIT AGENCIES LOCATED IN STEELE COUNTY TO ACQUIRE PROPERTY & EQUIPMENT AND TO PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL STUDENTS.
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06613080
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IRS990/OccupancyGrp/TotalAmt08109
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05432
IRS990/OfficeExpensesGrp/TotalAmt05432
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0369045
IRS990/OtherAssetsTotalGrp/EOYAmt0232236
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016229
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15289
IRS990/OtherExpensesGrp/TotalAmt016229
IRS990/OtherExpensesGrp/TotalAmt15289
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02301
IRS990/PayrollTaxesGrp/TotalAmt02301
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DENNIS MEILLIER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL GRADUATES AND OTHERS FOR CONTINUING SECONDARY EDUCATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt031500
IRS990/ProgSrvcAccomActy2Grp/GrantAmt031500
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IRS990/PYContributionsGrantsAmt0406670
IRS990/PYExcessBenefitTransInd0false
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IRS990/PYInvestmentIncomeAmt0396954
IRS990/PYOtherExpensesAmt073775
IRS990/PYRevenuesLessExpensesAmt0522404
IRS990/PYSalariesCompEmpBnftPaidAmt027830
IRS990/PYTotalExpensesAmt0281220
IRS990/PYTotalRevenueAmt0803624
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IRS990/RegularMonitoringEnfrcInd0true

Document Assets

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Filings

Displayed year

2020 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,457,831
Liabilities
$399,642
Net assets
$8,058,189
Revenue
$1,519,222
Expenses
$574,555
Net income
$944,667
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$0.26$11.0$0.92$0.56$0.36
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.08$10.0$0.76$0.48$0.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.95$0.21$8.74$0.56$0.31$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$0.40$9.75$1.55$0.50$1.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.46$0.40$8.06$1.52$0.57$0.94
2019Summary only. Only limited summary data is available for this year.$7.17$0.17$7.00$0.80$0.28$0.52
2018Summary only. Only limited summary data is available for this year.$5.93$0.07$5.86$0.80$0.29$0.51
2017Summary only. Only limited summary data is available for this year.$5.93$0.05$5.88$0.66$0.24$0.42
2016Summary only. Only limited summary data is available for this year.$5.04$0.09$4.95$0.36$0.29$0.07
2015Summary only. Only limited summary data is available for this year.$4.73$0.18$4.54$0.55$0.27$0.28
2014Summary only. Only limited summary data is available for this year.$4.53$0.00$4.53$0.67$0.25$0.42
2013Summary only. Only limited summary data is available for this year.$4.16$0.00$4.16$0.79$0.29$0.51
2012Summary only. Only limited summary data is available for this year.$3.57$0.00$3.57$0.36$0.47$0.11
2011Summary only. Only limited summary data is available for this year.$3.46$0.00$3.46$0.51$1.64$1.13
2009Summary only. Only limited summary data is available for this year.$4.68$0.00$4.68$0.02$1.04$1.01