Civic Intelligence

Minneapolis Rotary Foundation

990 • Fiscal year 2016 • EIN 41-6048419

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 21, 2017

Organization Profilewww.mplsrotary.com
222 South 9th StreetMinneapolis, MN 55402

(612) 673-0166

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

56th percentile

0.14x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

84th percentile

27%

Higher net margin than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

56th percentile

2.8%

Faster asset growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

93rd percentile

88%

Faster revenue growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$2,691,808

Up $74,325 (+2.8%) from 2015

Net Assets

Up

$2,651,808

Up $44,585 (+1.7%) from 2015

Liabilities

Up

$40,000

Up $29,740 (+290%) from 2015

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin84th percentile

Revenue

Up

$284,766

Up $133,347 (+88%) from 2015

Expenses

Up

$207,945

Up $10,414 (+5.3%) from 2015

Net Income

Up

$76,821

Up $122,933 (+267%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,674,615Liabilities 2010: $9,442Net Assets 2010: $1,665,1732010Assets 2011: $1,986,339Liabilities 2011: $12,631Net Assets 2011: $1,973,7082011Assets 2012: $1,919,854Liabilities 2012: $18,025Net Assets 2012: $1,901,8292012Assets 2013: $2,243,518Liabilities 2013: $19,400Net Assets 2013: $2,224,1182013Assets 2014: $2,618,358Liabilities 2014: $0Net Assets 2014: $2,618,3582014Assets 2015: $2,617,483Liabilities 2015: $10,260Net Assets 2015: $2,607,2232015Assets 2016: $2,691,808Liabilities 2016: $40,000Net Assets 2016: $2,651,8082016Assets 2017: $2,986,452Liabilities 2017: $47,700Net Assets 2017: $2,938,7522017Assets 2018: $3,141,426Liabilities 2018: $62,357Net Assets 2018: $3,079,0692018Assets 2019: $3,235,602Liabilities 2019: $86,900Net Assets 2019: $3,148,7022019Assets 2020: $3,279,437Liabilities 2020: $17,701Net Assets 2020: $3,261,7362020Assets 2021: $4,157,962Liabilities 2021: $1,500Net Assets 2021: $4,156,4622021Assets 2022: $3,424,940Liabilities 2022: $19,075Net Assets 2022: $3,405,8652022Assets 2023: $3,686,172Liabilities 2023: $5,500Net Assets 2023: $3,680,6722023Assets 2024: $3,971,398Liabilities 2024: $9,100Net Assets 2024: $3,962,2982024

Highlighted filing

2016

Assets$2,691,808
Liabilities$40,000
Net Assets$2,651,808
Open 2016 Filing

Operations Trend

Revenue Growth93rd percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $133,4922010Revenue 2011: $135,916Expenses 2011: $134,752Net Income 2011: $1,1642011Expenses 2012: $161,2932012Expenses 2013: $168,2272013Revenue 2014: $252,567Expenses 2014: $165,287Net Income 2014: $87,2802014Revenue 2015: $151,419Expenses 2015: $197,531Net Income 2015: -$46,1122015Revenue 2016: $284,766Expenses 2016: $207,945Net Income 2016: $76,8212016Revenue 2017: $168,376Expenses 2017: $184,193Net Income 2017: -$15,8172017Revenue 2018: $124,873Expenses 2018: $193,911Net Income 2018: -$69,0382018Revenue 2019: $211,994Expenses 2019: $216,230Net Income 2019: -$4,2362019Revenue 2020: $173,106Expenses 2020: $157,087Net Income 2020: $16,0192020Revenue 2021: $139,742Expenses 2021: $161,535Net Income 2021: -$21,7932021Revenue 2022: $185,075Expenses 2022: $234,816Net Income 2022: -$49,7412022Revenue 2023: $131,036Expenses 2023: $203,357Net Income 2023: -$72,3212023Revenue 2024: $132,224Expenses 2024: $201,619Net Income 2024: -$69,3952024

Highlighted filing

2016

Revenue$284,766
Expenses$207,945
Net Income$76,821
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 21, 2017
Return Version
2015v3.0
Gross Receipts
$285,823
Mission and Program Overview

Mission

THE MINNEAPOLIS ROTARY FOUNDATION (the FOUNDATION) represents the members of the Rotary Club of Minneapolis in their support of international and local community service projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,481,172$2,549,160▲ $67,988
Savings and Temporary Cash Investments$116,074$86,186▼ $29,888
Cash and Non-Interest-Bearing Accounts$19,987$56,462▲ $36,475
Accounts Receivable$250$0▼ $250
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,617,483$2,691,808▲ $74,325
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$10,260$40,000▲ $29,740
Total Liabilities$10,260$40,000▲ $29,740
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,937,434$2,091,409▲ $153,975
Temporarily Rstr Net Assets$512,789$438,704▼ $74,085
Unrestricted Net Assets$157,000$121,695▼ $35,305
Total Net Assets Fund Balance$2,607,223$2,651,808▲ $44,585
Total Liabilities and Net Assets / Fund Balance$2,617,483$2,691,808▲ $74,325

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,607,664$160,487▲ $25,111$101,284$2,679,803
2014$2,606,394$10,311▲ $89,470$86,065$2,607,664
2013$2,233,382$105,491▲ $340,474$84,541$2,606,394
2012$1,906,227$129,825▲ $258,047$69,740$2,233,382
2011$1,980,276$100▲ $9,140$74,236$1,906,227
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Bruce HedblomPresident
Michele MartinVice President
Bill KuhlmanDirector
Henry BromelkampDirector
Jeff CairnsDirector
Jennifer AlbrechtDirector
Mary Ann NelsonDirector
Mike CunninghamDirector
Quinn TierneyDirector
Rolf SonnesynDirector
Tom BurtonDirector
Joe LarkinAssistant Treas
Beth GrosenSecretary
Mike UrbanosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$225,216
Program Service Revenue
$0
Investment Income
$57,347
Other Revenue
$2,203
All Other Contributions
$210,855
Change in Net Assets
$76,821

Audited Revenue Reconciliation

Revenue per Audited Statements
$284,766
Revenue Not Reported on Form 990
$-12,175
Total Revenue per Audited Statements
$272,591
Total Revenue per Form 990
$284,766
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$175,757
Other Expenses$32,188
Total Fundraising Expense$2,466
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$155,362--$155,362
Grants to Domestic Individuals$20,395--$20,395
Fees for Service Investment Mgmnt Fees-$12,175-$12,175
Fees for Services Accounting-$7,684-$7,684
Fees for Services Other$3,116$2,424$1,385$6,925
Insurance$699$543$311$1,553
Office Expenses$100$77$44$221
Other Expenses$63$48$28$139
Total Functional Expenses$181,306$24,173$2,466$207,945

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$207,945
Expenses per Audited Statements$195,770
Total Expenses per Audited Statements$195,770
Expenses Not Reported on Financial Statements$12,175
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hiawatha AcademiesMinneapolis, MN-Local Community Service$79,208
The Rotary FoundationChicago, IL-World Community Services$44,000
YMCA - YStartFairbault, MN-Youth Development$25,600
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,260
Fundraising Direct Expenses$1,057
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$7,826---
Dancing$6,535---
Total Events$14,361---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“Nicollet Investment Management, Inc. with direction from the Foundation's Investment Committee.”

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The members consist of Board members of the Rotary Club of Minneapolis.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Form 990 is presented to the board at its scheduled meeting for review and approval.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Unavailabe to the public.”

Filing and Contact Details

Filer

Filer Name
Minneapolis Rotary Foundation
EIN
41-6048419
Phone
6126730166
Address
222 South 9th Street, Minneapolis, MN 55402

Signing Officer

Name
Mike Urbanos
Title
Treasurer
Signed
2017-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Hedblom
Formed
1979
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
15

Preparer

Firm
Carpenter Evert & Associates
Address
7760 France Ave S 940, Bloomington, MN 55435
Preparer
Marc Colin
Phone
9528310085
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“OTHER PROGRAM SERVICES 4: Scholarships - The Scholarship Committee works with the faculty of the Minneapolis Public Schools in selecting candidates. All candidates must be scheduled to graduate from high school at the end of the academic year. The Scholarship Committee makes the final decision of all recipients. OTHER PROGRAM SERVICES 5: OTHER PROGRAMMING RELATED TO THE MISSION.”

Financial Statement Notes

Part X : FIN48 Footnote

“The Foundation has a tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. It continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. It has been classified as an organization that is not a private foundation under the Internal Revenue Code and charitable contributions by donors are tax deductible.”

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IRS990/Form990PartVIISectionAGrp/PersonNm1Beth Grosen
IRS990/Form990PartVIISectionAGrp/PersonNm2Joe Larkin
IRS990/Form990PartVIISectionAGrp/PersonNm3Jeff Cairns
IRS990/Form990PartVIISectionAGrp/PersonNm4Mary Ann Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm5Mike Cunningham
IRS990/Form990PartVIISectionAGrp/PersonNm6Michele Martin
IRS990/Form990PartVIISectionAGrp/PersonNm7Jennifer Albrecht
IRS990/Form990PartVIISectionAGrp/PersonNm8Henry Bromelkamp
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IRS990/Form990PartVIISectionAGrp/PersonNm10Bill Kuhlman
IRS990/Form990PartVIISectionAGrp/PersonNm11Tom Burton
IRS990/Form990PartVIISectionAGrp/PersonNm12Quinn Tierney
IRS990/Form990PartVIISectionAGrp/PersonNm13Mike Urbanos
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Assistant Treas
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Treasurer
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IRS990/MissionDesc0THE MINNEAPOLIS ROTARY FOUNDATION (the FOUNDATION) represents the members of the Rotary Club of Minneapolis in their support of international and local community service projects.
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IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0Bruce Hedblom
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0World Community Service - Provided funding to projects benefiting worldwide community, such as health, sanitation, education and economic development in the third world. Decisions on projects are made by the World Community Service Committee.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt043000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt043000
IRS990/ProgSrvcAccomActy3Grp/Desc0Youth Development - Provided eighteen college students with four-year scholarships. Provided funding for low-income youth summer program at YMCA. Provided grants to organizations for programs benefitting youth.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt031095
IRS990/ProgSrvcAccomActy3Grp/GrantAmt031095
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0116074
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,691,808
Liabilities
$40,000
Net assets
$2,651,808
Revenue
$284,766
Expenses
$207,945
Net income
$76,821
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.97$0.01$3.96$0.13$0.20$0.07
2023Summary only. Only limited summary data is available for this year.$3.69$0.01$3.68$0.13$0.20$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.42$0.02$3.41$0.19$0.23$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$0.00$4.16$0.14$0.16$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.02$3.26$0.17$0.16$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.24$0.09$3.15$0.21$0.22$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.14$0.06$3.08$0.12$0.19$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.99$0.05$2.94$0.17$0.18$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.69$0.04$2.65$0.28$0.21$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.62$0.01$2.61$0.15$0.20$0.05
2014Summary only. Only limited summary data is available for this year.$2.62$0.00$2.62$0.25$0.17$0.09
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.02$2.22$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.02$1.90$0.16
2011Summary only. Only limited summary data is available for this year.$1.99$0.01$1.97$0.14$0.13$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.01$1.67$0.13