Civic Intelligence

Edgar W Freeman Charitable Trust 17174 W-555 First Natl Bank Bldg

990 • Fiscal year 2013 • EIN 41-6225766

Jan 01, 2013 to Dec 31, 2013 • Filed on May 13, 2014

225 Cedar Street PO Box 15657078

(605) 665-4923

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

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

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

7th percentile

0.00x

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

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

94th percentile

67%

Higher net margin than 94% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

23rd percentile

$8,793

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Asset Growth

64th percentile

7.0%

Faster asset growth than 64% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

98th percentile

362%

Faster revenue growth than 98% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2013

Assets

Up

$5,477,903

Up $356,729 (+7.0%) from 2012

Net Assets

Up

$5,477,903

Up $356,729 (+7.0%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

$532,550

No earlier filing loaded for comparison.

Expenses

Up

$175,821

Up $21,979 (+14%) from 2012

Net Income

$356,729

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,271,081Liabilities 2010: $0Net Assets 2010: $5,271,0812010Assets 2011: $5,119,739Liabilities 2011: $0Net Assets 2011: $5,119,7392011Assets 2012: $5,121,174Liabilities 2012: $0Net Assets 2012: $5,121,1742012Assets 2013: $5,477,903Liabilities 2013: $0Net Assets 2013: $5,477,9032013Assets 2014: $5,921,371Liabilities 2014: $0Net Assets 2014: $5,921,3712014Assets 2015: $5,849,422Liabilities 2015: $0Net Assets 2015: $5,849,4222015Assets 2016: $5,785,322Liabilities 2016: $0Net Assets 2016: $5,785,3222016Assets 2017: $5,851,219Liabilities 2017: $0Net Assets 2017: $5,851,2192017Assets 2018: $5,964,657Liabilities 2018: $0Net Assets 2018: $5,964,6572018Assets 2019: $6,283,076Liabilities 2019: $0Net Assets 2019: $6,283,0762019Assets 2020: $6,270,678Liabilities 2020: $0Net Assets 2020: $6,270,6782020Assets 2021: $6,508,775Liabilities 2021: $0Net Assets 2021: $6,508,7752021Assets 2022: $6,509,734Liabilities 2022: $0Net Assets 2022: $6,509,7342022Assets 2023: $6,595,228Liabilities 2023: $0Net Assets 2023: $6,595,2282023Assets 2024: $6,711,701Liabilities 2024: $0Net Assets 2024: $6,711,7012024

Highlighted filing

2013

Assets$5,477,903
Liabilities$0
Net Assets$5,477,903

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $123,9402010Revenue 2011: $24,910Expenses 2011: $176,252Net Income 2011: -$151,3422011Expenses 2012: $153,8422012Revenue 2013: $532,550Expenses 2013: $175,821Net Income 2013: $356,7292013Revenue 2014: $657,278Expenses 2014: $213,810Net Income 2014: $443,4682014Revenue 2015: $184,027Expenses 2015: $255,976Net Income 2015: -$71,9492015Revenue 2016: $204,664Expenses 2016: $268,764Net Income 2016: -$64,1002016Revenue 2017: $311,816Expenses 2017: $245,919Net Income 2017: $65,8972017Revenue 2018: $393,562Expenses 2018: $280,124Net Income 2018: $113,4382018Revenue 2019: $602,830Expenses 2019: $284,411Net Income 2019: $318,4192019Revenue 2020: $281,644Expenses 2020: $294,042Net Income 2020: -$12,3982020Revenue 2021: $537,623Expenses 2021: $299,526Net Income 2021: $238,0972021Revenue 2022: $319,606Expenses 2022: $318,647Net Income 2022: $9592022Revenue 2023: $392,017Expenses 2023: $306,523Net Income 2023: $85,4942023Revenue 2024: $451,734Expenses 2024: $335,261Net Income 2024: $116,4732024

Highlighted filing

2013

Revenue$532,550
Expenses$175,821
Net Income$356,729
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 13, 2014
Return Version
2013v3.1
Gross Receipts
$1,792,234
Mission and Program Overview

Mission

On january 2nd 1980, edgar w. Freeman established a charitable trust. The trust was organized exclusively to make distributions to support or maintain professorships at the university of south dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,017,698$5,429,927▲ $412,229
Cap Stk Tr Prin Current Funds$3,790,763$3,790,763→ $0
Rtn Earn Endowment Incm Other Fnds$1,330,411$1,687,140▲ $356,729
Savings and Temporary Cash Investments$103,032$47,728▼ $55,304
Cash and Non-Interest-Bearing Accounts$444$248▼ $196
Total Assets$5,121,174$5,477,903▲ $356,729
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,121,174$5,477,903▲ $356,729
Total Liabilities and Net Assets / Fund Balance$5,121,174$5,477,903▲ $356,729
Compensation and Service Providers

Employees

NameTitleBaseTotal
First Dakota National Bank - Bus ScTrustee$8,793$8,793
First Dakota National Bank - Med ScTrustee$8,671$8,671
First Dakota National Bank - Phy DeTrustee$3,555$3,555
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$532,550
Other Revenue
$0
Change in Net Assets
$356,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$153,522
Salaries, Compensation, and Employee Benefits$21,019
Other Expenses$1,280
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$153,522--$153,522
Current Officers, Directors, Trustees, and Key Employees$4,204$16,815-$21,019
Fees for Services Accounting$255$1,025-$1,280
Total Functional Expenses$157,981$17,840$0$175,821
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
46-6018891-3Funding Support$64,274
46-6018891-3Funding Support$63,280
46-6018891-3Funding Support$25,968
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
Backup withholding compliance
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

Governance Explanations

Form 990, Page 6, Part VI, Line 10B

Due to the nature of the organization, our belief is that such policies are not appropriate given the finite purpose of the trust and the requirement imposed on the trust to meet the purpose and direction of the organization.

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

Form 990 is completed and presented to the trustee to review in its entirety before filing with the irs.

Form 990, Page 6, Part VI, Line 19

Governance policy documents and tax return are available to the general public upon request.

Filing and Contact Details

Filer

EIN
41-6225766
Phone
6056654923

Signing Officer

Name
Jim Means
Title
Vice President/trust Officer
Phone
6056654923
Signed
2014-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
First Dakota National Bank
Formed
1980
Legal Domicile
Sd
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Preparer
Gail G Gubbels CPA
Phone
6056659401
Raw XML Appendix306 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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IRS990/ActivityOrMissionDesc0ON JANUARY 2ND 1980, EDGAR W. FREEMAN ESTABLISHED A CHARITABLE TRUST. THE TRUST WAS ORGANIZED EXCLUSIVELY TO MAKE DISTRIBUTIONS TO SUPPORT OR MAINTAIN PROFESSORSHIPS AT THE UNIVERSITY OF SOUTH DAKOTA.
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IRS990/MissionDesc0ON JANUARY 2ND 1980, EDGAR W. FREEMAN ESTABLISHED A CHARITABLE TRUST. THE TRUST WAS ORGANIZED EXCLUSIVELY TO MAKE DISTRIBUTIONS TO SUPPORT OR MAINTAIN PROFESSORSHIPS AT THE UNIVERSITY OF SOUTH DAKOTA.
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine12414 EAST CLARK STREET
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IRS990ScheduleI/RecipientTable/USAddress/City1VERMILLION
IRS990ScheduleI/RecipientTable/USAddress/City2VERMILLION
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EDGAR W. FREEMAN TRUST'S TRUSTEE PERIODICALLY REVIEWS THE SPECIFIED PROGRAMS AT THE UNIVERSITY OF SOUTH DAKOTA TO ENSURE PROPER USE OF GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DUE TO THE NATURE OF THE ORGANIZATION, OUR BELIEF IS THAT SUCH POLICIES ARE NOT APPROPRIATE GIVEN THE FINITE PURPOSE OF THE TRUST AND THE REQUIREMENT IMPOSED ON THE TRUST TO MEET THE PURPOSE AND DIRECTION OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS COMPLETED AND PRESENTED TO THE TRUSTEE TO REVIEW IN ITS ENTIRETY BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNANCE POLICY DOCUMENTS AND TAX RETURN ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05477903
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10225 CEDAR STREET PO BOX 156
IRS990/USAddress/City0YANKTON
IRS990/USAddress/State0SD
IRS990/USAddress/ZIPCode057078
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM MEANS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT/TRUST OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum06056654923
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10EDGAR W FREEMAN CHARITABLE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0EDGA
ReturnHeader/Filer/EIN0416225766
ReturnHeader/Filer/PhoneNum06056654923
ReturnHeader/Filer/USAddress/AddressLine10225 CEDAR STREET PO BOX 156
ReturnHeader/Filer/USAddress/City0YANKTON
ReturnHeader/Filer/USAddress/State0SD
ReturnHeader/Filer/USAddress/ZIPCode057078
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WILLIAMS & COMPANY CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10614 BROADWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0YANKTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode057078
ReturnHeader/PreparerPersonGrp/PhoneNum06056659401
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GAIL G GUBBELS CPA
ReturnHeader/ReturnTs02014-05-13T15:16:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.71$0.00$6.71$0.45$0.34$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.60$0.00$6.60$0.39$0.31$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$0.00$6.51$0.32$0.32$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$0.00$6.51$0.54$0.30$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.27$0.00$6.27$0.28$0.29$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.28$0.00$6.28$0.60$0.28$0.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.96$0.00$5.96$0.39$0.28$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.85$0.00$5.85$0.31$0.25$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.79$0.00$5.79$0.20$0.27$0.06
2015Detailed filing. Detailed filing data is available for this year.$5.85$0.00$5.85$0.18$0.26$0.07
2014Detailed filing. Detailed filing data is available for this year.$5.92$0.00$5.92$0.66$0.21$0.44
2013Detailed filing. Detailed filing data is available for this year.$5.48$0.00$5.48$0.53$0.18$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$0.00$5.12$0.15
2011Summary only. Only limited summary data is available for this year.$5.12$0.00$5.12$0.02$0.18$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.27$0.00$5.27$0.12