Civic Intelligence

Minnesota-Dakotas Kiwanis Educational Foundation

990 • Fiscal year 2020 • EIN 41-6048395

Oct 01, 2019 to Sep 30, 2020 • Filed on Apr 01, 2021

Organization ProfileMNDAK-KIWANIS.ORG
914 Southern Pine Lane SWRochester, MN 55902

(507) 961-3880

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$12,000

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 18.1% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

27th percentile

-1.9%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

36th percentile

-11%

Faster revenue growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$991,179

Down $19,578 (-1.9%) from 2019

Net Assets

Down

$991,179

Down $19,578 (-1.9%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin21st percentile

Revenue

Down

$66,481

Down $8,119 (-11%) from 2019

Expenses

Up

$75,192

Up $12,860 (+21%) from 2019

Net Income

Down

-$8,711

Down $20,979 (-171%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $935,766Liabilities 2011: $0Net Assets 2011: $935,7662011Assets 2012: $987,217Liabilities 2012: $0Net Assets 2012: $987,2172012Assets 2013: $980,513Liabilities 2013: $0Net Assets 2013: $980,5132013Assets 2014: $972,976Liabilities 2014: $0Net Assets 2014: $972,9762014Assets 2015: $995,208Liabilities 2015: $0Net Assets 2015: $995,2092015Assets 2016: $1,022,371Liabilities 2016: $0Net Assets 2016: $1,022,3712016Assets 2017: $1,032,584Liabilities 2017: $0Net Assets 2017: $1,032,5842017Assets 2018: $994,485Liabilities 2018: $0Net Assets 2018: $994,4852018Assets 2019: $1,010,757Liabilities 2019: $0Net Assets 2019: $1,010,7572019Assets 2020: $991,179Liabilities 2020: $0Net Assets 2020: $991,1792020Assets 2021: $1,060,861Liabilities 2021: $0Net Assets 2021: $1,060,8612021Assets 2022: $1,036,745Liabilities 2022: $0Net Assets 2022: $1,036,7452022Assets 2023: $1,046,289Liabilities 2023: $0Net Assets 2023: $1,046,2892023

Highlighted filing

2020

Assets$991,179
Liabilities$0
Net Assets$991,179
Open 2020 Filing

Operations Trend

Revenue Growth36th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $53,497Expenses 2011: $48,421Net Income 2011: $5,0762011Revenue 2012: $114,637Expenses 2012: $63,186Net Income 2012: $51,4512012Revenue 2013: $53,210Expenses 2013: $59,914Net Income 2013: -$6,7042013Revenue 2014: $62,477Expenses 2014: $70,014Net Income 2014: -$7,5372014Revenue 2015: $85,729Expenses 2015: $63,496Net Income 2015: $22,2332015Revenue 2016: $62,201Expenses 2016: $60,039Net Income 2016: $2,1622016Revenue 2017: $63,771Expenses 2017: $64,736Net Income 2017: -$9652017Revenue 2018: $25,961Expenses 2018: $83,061Net Income 2018: -$57,1002018Revenue 2019: $74,600Expenses 2019: $62,332Net Income 2019: $12,2682019Revenue 2020: $66,481Expenses 2020: $75,192Net Income 2020: -$8,7112020Revenue 2021: $57,275Expenses 2021: $63,565Net Income 2021: -$6,2902021Revenue 2022: $222,307Expenses 2022: $68,027Net Income 2022: $154,2802022Revenue 2023: $61,554Expenses 2023: $90,523Net Income 2023: -$28,9692023

Highlighted filing

2020

Revenue$66,481
Expenses$75,192
Net Income-$8,711
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Apr 1, 2021
Return Version
2019v5.2
Gross Receipts
$66,481
Mission and Program Overview

Mission

Provide scholarships to senior high school students to be used for secondary education. Scholarship awarded based on ability, need and purpose without discrimination.

Scholarships awarded to senior high school students to be used for secondary education based on ability, need and purpose without discrimination.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$935,522$930,694▼ $4,828
Savings and Temporary Cash Investments$41,585$47,616▲ $6,031
Cash and Non-Interest-Bearing Accounts$33,650$12,869▼ $20,781
Total Assets$1,010,757$991,179▼ $19,578
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$990,707$971,629▼ $19,078
Net Assets With Donor Restrictions$20,050$19,550▼ $500
Total Net Assets Fund Balance$1,010,757$991,179▼ $19,578
Total Liabilities and Net Assets / Fund Balance$1,010,757$991,179▼ $19,578

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$930,694--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jack ZierdtSecretary/treasurerPT$12,000$12,000

Board Members and Trustees

NameTitle
Dennis CornellPresident
Dan LeikvoldVice President
Steve ForsethGovernor Elect/trustee
David OdetteGovernor/trustee
Bill LardyTrustee
Jean CollinsTrustee
Lowell DisrudTrustee
Sharon ScudderTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$24,231
Program Service Revenue
$0
Investment Income
$42,250
Other Revenue
$0
All Other Contributions
$24,231
Change in Net Assets
$-8,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$55,688
Salaries, Compensation, and Employee Benefits$12,000
Other Expenses$7,504
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$55,620--$55,620
Current Officers, Directors, Trustees, and Key Employees$6,000$6,000-$12,000
Fees for Services Accounting-$6,000-$6,000
Office Expenses$461$453-$914
Insurance-$413-$413
Grants to Domestic Orgs$68--$68
Other Expenses$122$55-$55
Total Functional Expenses$62,271$12,921$0$75,192
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
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is approved by the board of trustees at a regular meeting when prepared.”

Form 990, Part VI, Section B, Line 15B

“Compensation for the secretary/treasurer is discussed and approved annually by the board and documented in the minutes.”

Form 990, Part VI, Section C, Line 19

“The organization's monthly treasurer reports are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Minnesota-dakotas Kiwanis Educational
EIN
41-6048395
Phone
5079613880
Address
914 SOUTHERN PINE LANE SW, ROCHESTER, MN 55902

Signing Officer

Name
Jack Zierdt
Title
Secretary/treasurer
Phone
5072897012
Signed
2021-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Zierdt
Formed
1934
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
3,067

Preparer

Firm
Smith Schafer and Assoc Ltd
Address
220 SOUTH BROADWAY SUITE 102, ROCHESTER, MN 55904
Preparer
Andrew Forliti
Phone
5072883277
Raw XML Appendix353 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/ExplanationTxt0THE SCHOLARSHIP PROCESS STARTS IN NOVEMBER OF EACH YEAR WHEN THE SCHOLARSHIP APPLICATION MATERIAL PACKET IS SENT OUT TO EACH OF THE KIWANIS CLUBS IN THE MINNESOTA-DAKOTAS KIWANIS DISTRICT. THE CLUBS DELIVER THE MATERIALS TO THE HIGH SCHOOLS IN THEIR COMMUNITY OF THEIR MEMBERSHIP FOR THE GRADUATING SENIORS THAT WISH TO APPLY CAN COMPLETE AND RETURN TO THEIR COUNSELING OFFICE FOR SUBMISSION TO THIS OFFICE BY THE THIRD FRIDAY OF JANUARY. EACH HIGH SCHOOL IS ALLOWED TO SEND IN A MAXIMUM OF 3 APPLICATIONS TO THIS OFFICE FOR JUDGING. IN FEBRUARY, OF EACH YEAR A PACKET OF THE APPLICATIONS IS SENT OUT TO REPRESENTATIVES WITHIN THE DISTRICT FOR JUDGING TO BE DONE BY THE 3RD FRIDAY IN MARCH. EACH APPLICATION IS JUDGED BY 3 JUDGES WITH THE INDIVIDUAL SCORES ADDED TOGETHER FOR A TOTAL SCORE. ONCE THE JUDGING SCORES ARE SENT BACK TO THIS OFFICE BY THE DIVISION REPRESENTATIVE ALL OF THE SCORES ARE PUT ON SPREAD SHEETS BY DIVISION (WE HAVE 7 IN THE DISTRICT). SCHOLARSHIPS ARE AWARDED BY TOTAL SCORE FROM THE JUDGES TO 2 INDIVIDUALS WITHIN THE DIVISION PLUS ANY DESIGNATED CLUB SCHOLARSHIPS WITHIN THE DIVISION AND DISTRICT AT-LARGE DESIGNATED SCHOLARSHIPS FOR A TOTAL DISTRIBUTION OF A MAXIMUM OF 66 SCHOLARSHIPS. THE MINIMUM AMOUNT OF THE SCHOLARSHIP FOR EACH OF THE SCHOLARSHIPS IS DETERMINED EACH YEAR BY THE AMOUNT OF INTEREST EARNINGS FROM OUR INVESTMENTS FOR THE YEAR. SOME CLUBS CHOOSE TO SUPPLEMENT TO MAKE THEIR WINNING STUDENT'S SCHOLARSHIP A $1,000 SCHOLARSHIP BY SENDING THE EXTRA DOLLAR AMOUNT BETWEEN THE MINIMUM AND $1,000 TO THE FOUNDATION IN THE STUDENT'S NAME TO MAKE THE AWARD EQUIVALENT TO THE $1,000 AMOUNT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS APPROVED BY THE BOARD OF TRUSTEES AT A REGULAR MEETING WHEN PREPARED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION FOR THE SECRETARY/TREASURER IS DISCUSSED AND APPROVED ANNUALLY BY THE BOARD AND DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S MONTHLY TREASURER REPORTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01010757
IRS990/TotalAssetsEOYAmt0991179
IRS990/TotalAssetsGrp/BOYAmt01010757
IRS990/TotalAssetsGrp/EOYAmt0991179
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt024231
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012921
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt062271
IRS990/TotalFunctionalExpensesGrp/TotalAmt075192
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01010757
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0991179
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt062271
IRS990/TotalReportableCompFromOrgAmt012000
IRS990/TotalRevenueGrp/ExclusionAmt042250
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt066481
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03067
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01010757
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0991179
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0914 SOUTHERN PINE LANE SW
IRS990/USAddress/CityNm0ROCHESTER
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055902
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0MNDAK-KIWANIS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK ZIERDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05072897012
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA-DAKOTAS KIWANIS EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0416048395
ReturnHeader/Filer/PhoneNum05079613880
ReturnHeader/Filer/USAddress/AddressLine1Txt0914 SOUTHERN PINE LANE SW
ReturnHeader/Filer/USAddress/CityNm0ROCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055902
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411489071
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH SCHAFER AND ASSOC LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 SOUTH BROADWAY SUITE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055904
ReturnHeader/PreparerPersonGrp/PhoneNum05072883277
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW FORLITI
ReturnHeader/ReturnTs02021-04-08T16:02:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$991,179
Liabilities
$0
Net assets
$991,179
Revenue
$66,481
Expenses
$75,192
Net income
-$8,711
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.00$1.05$0.06$0.09$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$0.22$0.07$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.00$1.06$0.06$0.06$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.07$0.08$0.01
2019Summary only. Only limited summary data is available for this year.$1.01$0.00$1.01$0.07$0.06$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.00$0.99$0.03$0.08$0.06
2017Summary only. Only limited summary data is available for this year.$1.03$0.00$1.03$0.06$0.06$0.00
2016Summary only. Only limited summary data is available for this year.$1.02$0.00$1.02$0.06$0.06$0.00
2015Summary only. Only limited summary data is available for this year.$1.00$0.00$1.00$0.09$0.06$0.02
2014Summary only. Only limited summary data is available for this year.$0.97$0.00$0.97$0.06$0.07$0.01
2013Summary only. Only limited summary data is available for this year.$0.98$0.00$0.98$0.05$0.06$0.01
2012Summary only. Only limited summary data is available for this year.$0.99$0.00$0.99$0.11$0.06$0.05
2011Summary only. Only limited summary data is available for this year.$0.94$0.00$0.94$0.05$0.05$0.01