Civic Intelligence

Hibbing College Foundation

990 • Fiscal year 2018 • EIN 41-6046970

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 18, 2019

1515 East 25th StreetHibbing, MN 55746

(218) 262-5168

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

67th percentile

7.1%

Faster asset growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,493,743

Up $99,460 (+7.1%) from 2017

Net Assets

Up

$1,491,743

Up $97,460 (+7.0%) from 2017

Liabilities

Up

$2,000

Up $2,000 from 2017

Revenue

Down

$127,618

Down $20,896 (-14%) from 2017

Expenses

Up

$86,404

Up $2,009 (+2.4%) from 2017

Net Income

Down

$41,214

Down $22,905 (-36%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $901,078Liabilities 2011: $300Net Assets 2011: $900,7782011Assets 2012: $969,527Liabilities 2012: $0Net Assets 2012: $969,5272012Assets 2013: $1,040,489Liabilities 2013: $200Net Assets 2013: $1,040,2892013Assets 2014: $1,370,190Liabilities 2014: $0Net Assets 2014: $1,370,1902014Assets 2015: $1,367,456Liabilities 2015: $0Net Assets 2015: $1,367,4562015Assets 2016: $1,268,344Liabilities 2016: $5,233Net Assets 2016: $1,263,1112016Assets 2017: $1,394,283Liabilities 2017: $0Net Assets 2017: $1,394,2832017Assets 2018: $1,493,743Liabilities 2018: $2,000Net Assets 2018: $1,491,7432018Assets 2019: $1,537,386Liabilities 2019: $0Net Assets 2019: $1,537,3862019Assets 2020: $1,475,015Liabilities 2020: $0Net Assets 2020: $1,475,0152020Assets 2021: $1,737,208Liabilities 2021: $0Net Assets 2021: $1,737,2082021Assets 2022: $1,434,990Liabilities 2022: $0Net Assets 2022: $1,434,9902022Assets 2023: $1,670,957Liabilities 2023: $0Net Assets 2023: $1,670,9572023Assets 2024: $1,779,379Liabilities 2024: $0Net Assets 2024: $1,779,3792024Assets 2025: $2,080,387Liabilities 2025: $0Net Assets 2025: $2,080,3872025

Highlighted filing

2018

Assets$1,493,743
Liabilities$2,000
Net Assets$1,491,743

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $76,500Expenses 2011: $35,408Net Income 2011: $41,0922011Revenue 2012: $150,994Expenses 2012: $42,991Net Income 2012: $108,0032012Revenue 2013: $59,180Expenses 2013: $51,697Net Income 2013: $7,4832013Revenue 2014: $372,878Expenses 2014: $91,789Net Income 2014: $281,0892014Revenue 2015: $98,626Expenses 2015: $69,130Net Income 2015: $29,4962015Revenue 2016: $67,977Expenses 2016: $91,368Net Income 2016: -$23,3912016Revenue 2017: $148,514Expenses 2017: $84,395Net Income 2017: $64,1192017Revenue 2018: $127,618Expenses 2018: $86,404Net Income 2018: $41,2142018Revenue 2019: $148,695Expenses 2019: $103,052Net Income 2019: $45,6432019Revenue 2020: $108,095Expenses 2020: $145,953Net Income 2020: -$37,8582020Revenue 2021: $312,364Expenses 2021: $172,857Net Income 2021: $139,5072021Revenue 2022: $193,368Expenses 2022: $209,668Net Income 2022: -$16,3002022Revenue 2023: $92,891Expenses 2023: $97,832Net Income 2023: -$4,9412023Revenue 2024: $131,127Expenses 2024: $136,942Net Income 2024: -$5,8152024Revenue 2025: $392,963Expenses 2025: $108,507Net Income 2025: $284,4562025

Highlighted filing

2018

Revenue$127,618
Expenses$86,404
Net Income$41,214
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 18, 2019
Return Version
2017v2.2
Gross Receipts
$184,742
Mission and Program Overview

Mission

Provide assistance to minnesota north college hibbing

Provide assistance to hibbing community college

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,289,811$1,471,101▲ $181,290
Savings and Temporary Cash Investments$104,026$22,493▼ $81,533
Land, Buildings, and Equipment, Net$446$149▼ $297
Total Assets$1,394,283$1,493,743▲ $99,460
Liabilities
Accounts Payable and Accrued Expenses-$2,000-
Total Liabilities$0$2,000▲ $2,000
Net Assets / Fund Balance
Temporarily Rstr Net Assets$851,475$864,231▲ $12,756
Unrestricted Net Assets$347,308$407,012▲ $59,704
Permanently Rstr Net Assets$195,500$220,500▲ $25,000
Total Net Assets Fund Balance$1,394,283$1,491,743▲ $97,460
Total Liabilities and Net Assets / Fund Balance$1,394,283$1,493,743▲ $99,460

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$149$1,858$2,007

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$195,500$25,000▲ $7,500-$220,500
2016$195,500-▲ $10,000-$195,500
2015$195,500---$195,500
2014$195,500-▲ $7,400-$195,500
2013$195,500-▲ $7,100-$195,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Claudia MescherPresident
David JordanVice President
Amalia SpangoloDirector
Annetta KokkinenDirector
Brian SimonsonDirector
Carly MelinDirector
Dr Nick OngaroDirector
Geri CarlstromDirector
Jerry WallisDirector
Jon MinneDirector
Laura LignellDirector
Mark WirtanenDirector
Rita CharterDirector
Wayne KangasDirector
Sharon LindSecretary
Peter ClevenstineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$62,081
Program Service Revenue
$0
Investment Income
$58,613
Other Revenue
$6,924
All Other Contributions
$62,081
Change in Net Assets
$41,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$78,445
Other Expenses$7,959
Total Fundraising Expense$6,818
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$63,455--$63,455
Grants to Domestic Orgs$14,990--$14,990
Advertising$0$0$3,967$3,967
Other Expenses$0$0$2,750$2,750
Insurance$0$819$0$819
Depreciation Depletion$0$297$0$297
Total Functional Expenses$78,445$1,141$6,818$86,404
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hibbing Comm CollegeHibbing, MN-general support$14,990
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,999
Fundraising Direct Expenses$1,075
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
Audit committee
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
Hibbing College Foundation
EIN
41-6046970
Phone
2182625168
Address
1515 East 25th Street, Hibbing, MN 55746

Signing Officer

Name
Peter Clevenstine
Title
Treasurer
Phone
2182625168
Signed
2019-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claudia Mescher
Formed
1958
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
Sterle & Co Ltd
Address
522 E HOWARD ST STE 207, HIBBING, MN 55746-1714
Preparer
Jeffrey Sterle
Phone
2182625525
Supplemental Narrative

Additional Explanations

Pt XI

Line 5 - increase in fair market value of investments

Pt VI, Line 11B

Presented at monthly board meetings

Pt VI, Line 19

Documentation is available upon reqest. Website has a link to request information.

Form 990EZ, Part I, Line 16

Supplies

Form 990EZ, Part I, Line 16

Insurance

Form 990EZ, Part I, Line 16

Fees

Form 990EZ, Part I, Line 16

Faculty appreciation

Form 990EZ, Part I, Line 16

Advertising

Form 990EZ, Part II, Line 26

Accounts Payable & Accrued Expenses

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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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IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt025
IRS990/OtherExpensesGrp/TotalAmt1101
IRS990/OtherExpensesGrp/TotalAmt22750
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0195500
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0220500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CLAUDIA MESCHER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt041119
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt074522
IRS990/PYInvestmentIncomeAmt0101395
IRS990/PYOtherExpensesAmt09873
IRS990/PYOtherRevenueAmt06000
IRS990/PYRevenuesLessExpensesAmt064119
IRS990/PYTotalExpensesAmt084395
IRS990/PYTotalRevenueAmt0148514
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt041214
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0104026
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022493
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt062081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt041119
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt039279
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt034162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0252817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0429458
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt031025
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt028101
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt047377
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt037352
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt028713
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0172568
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00.71340
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.71660
IRS990ScheduleA/PublicSupportTotal170Amt0429458
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt062081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt041119
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt039279
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt034162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0252817
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0429458
IRS990ScheduleA/TotalSupportAmt0602026
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0195500
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt025000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0220500
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt07500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt07500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0195500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0195500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt010000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0195500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0195500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0195500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0195500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt07400
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07400
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0195500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0195500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt07100
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07100
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0149
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01858
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02007
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0149
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt063455
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Student scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0NA
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt071
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0NA
IRS990ScheduleI/RecipientTable/CashGrantAmt014990
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0NA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0general support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Hibbing Comm College
IRS990ScheduleI/RecipientTable/RecipientEIN0411687554
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01515 E 25th St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Hibbing
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055746
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0NA
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 5 - increase in fair market value of investments
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Presented at monthly board meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documentation is available upon reqest. Website has a link to request information.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Supplies
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Faculty appreciation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Advertising
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Accounts Payable & Accrued Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 26
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0851475
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0864231
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01394283
IRS990/TotalAssetsEOYAmt01493743
IRS990/TotalAssetsGrp/BOYAmt01394283
IRS990/TotalAssetsGrp/EOYAmt01493743
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt062081
IRS990/TotalEmployeeCnt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$0.39$0.11$0.28
2024Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.13$0.14$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$0.09$0.10$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.19$0.21$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.31$0.17$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.11$0.15$0.04
2019Summary only. Only limited summary data is available for this year.$1.54$0.00$1.54$0.15$0.10$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$0.13$0.09$0.04
2017Summary only. Only limited summary data is available for this year.$1.39$0.00$1.39$0.15$0.08$0.06
2016Summary only. Only limited summary data is available for this year.$1.27$0.01$1.26$0.07$0.09$0.02
2015Summary only. Only limited summary data is available for this year.$1.37$0.00$1.37$0.10$0.07$0.03
2014Summary only. Only limited summary data is available for this year.$1.37$0.00$1.37$0.37$0.09$0.28
2013Summary only. Only limited summary data is available for this year.$1.04$0.00$1.04$0.06$0.05$0.01
2012Summary only. Only limited summary data is available for this year.$0.97$0.00$0.97$0.15$0.04$0.11
2011Summary only. Only limited summary data is available for this year.$0.90$0.00$0.90$0.08$0.04$0.04