Civic Intelligence

Minot Public School Foundation

990 • Fiscal year 2013 • EIN 45-0432114

Jan 01, 2013 to Dec 31, 2013 • Filed on Mar 19, 2014

215 - SE 2nd St58701-3924

(701) 857-4555

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

24th percentile

0.00x

Higher debt load relative to revenue than 24% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Net Margin

96th percentile

74%

Higher net margin than 96% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

54th percentile

$30,000

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Asset Growth

87th percentile

39%

Faster asset growth than 87% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

86th percentile

49%

Faster revenue growth than 86% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2011 to 2013

Assets

Up

$1,000,253

Up $281,418 (+39%) from 2012

Net Assets

Up

$1,000,060

Up $281,476 (+39%) from 2012

Liabilities

Down

$193

Down $58 (-23%) from 2012

Revenue

$380,173

No earlier filing loaded for comparison.

Expenses

Down

$98,697

Down $696 (-0.7%) from 2012

Net Income

$281,476

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.

$1.5M$1.0M$500K$0Assets 2011: $408,860Liabilities 2011: $1802011Assets 2012: $718,835Liabilities 2012: $251Net Assets 2012: $718,5842012Assets 2013: $1,000,253Liabilities 2013: $193Net Assets 2013: $1,000,0602013Assets 2014: $1,031,939Liabilities 2014: $8,117Net Assets 2014: $1,023,8222014Assets 2015: $559,308Liabilities 2015: $9,760Net Assets 2015: $549,5482015Assets 2016: $585,477Liabilities 2016: $2,412Net Assets 2016: $583,0652016Assets 2017: $633,663Liabilities 2017: $4,860Net Assets 2017: $628,8032017Assets 2018: $599,616Liabilities 2018: $13,640Net Assets 2018: $585,9762018Assets 2019: $685,544Liabilities 2019: $15,713Net Assets 2019: $669,8312019Assets 2020: $743,610Liabilities 2020: $15,642Net Assets 2020: $727,9682020Assets 2021: $894,818Liabilities 2021: $22,583Net Assets 2021: $872,2352021Assets 2022: $827,785Liabilities 2022: $25,375Net Assets 2022: $802,4102022Assets 2023: $971,811Liabilities 2023: $17,835Net Assets 2023: $953,9762023Assets 2024: $1,045,337Liabilities 2024: $2,697Net Assets 2024: $1,042,6402024

Highlighted filing

2013

Assets$1,000,253
Liabilities$193
Net Assets$1,000,060

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $172,111Expenses 2011: $107,849Net Income 2011: $64,2622011Expenses 2012: $99,3932012Revenue 2013: $380,173Expenses 2013: $98,697Net Income 2013: $281,4762013Revenue 2014: $102,402Expenses 2014: $78,640Net Income 2014: $23,7622014Revenue 2015: $93,545Expenses 2015: $567,819Net Income 2015: -$474,2742015Revenue 2016: $105,263Expenses 2016: $79,863Net Income 2016: $25,4002016Revenue 2017: $129,875Expenses 2017: $84,137Net Income 2017: $45,7382017Revenue 2018: $74,346Expenses 2018: $93,446Net Income 2018: -$19,1002018Revenue 2019: $209,940Expenses 2019: $126,085Net Income 2019: $83,8552019Revenue 2020: $188,173Expenses 2020: $130,036Net Income 2020: $58,1372020Revenue 2021: $245,644Expenses 2021: $119,997Net Income 2021: $125,6472021Revenue 2022: $223,165Expenses 2022: $152,726Net Income 2022: $70,4392022Revenue 2023: $215,918Expenses 2023: $128,572Net Income 2023: $87,3462023Revenue 2024: $196,246Expenses 2024: $116,427Net Income 2024: $79,8192024

Highlighted filing

2013

Revenue$380,173
Expenses$98,697
Net Income$281,476
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Mar 19, 2014
Return Version
2013v3.0
Gross Receipts
$395,435
Mission and Program Overview

Mission

To provide funds for the enhancement of the quality of education throughout minot public schools.

To generate funds for the ehancement of all programs in the minot public schools system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$291,967$502,304▲ $210,337
Investments Program Related$426,058$495,935▲ $69,877
Accounts Receivable-$1,204-
Land, Buildings, and Equipment, Net$810$810→ $0
Total Assets$718,835$1,000,253▲ $281,418
Liabilities
Accounts Payable and Accrued Expenses$251$193▼ $58
Total Liabilities$251$193▼ $58
Net Assets / Fund Balance
Unrestricted Net Assets$718,584$1,000,060▲ $281,476
Total Net Assets Fund Balance$718,584$1,000,060▲ $281,476
Total Liabilities and Net Assets / Fund Balance$718,835$1,000,253▲ $281,418

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$810-$810
Investment Program Related Org$67,441--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$426,058$65,165▲ $15,662-$495,935
2012$346,768$73,549▲ $16,691-$426,058
2011$302,509$28,354▲ $18,905-$346,768
2010-$301,000▲ $1,509-$302,509
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lowell LatimerExecutive DirectorPT$30,000$30,000

Board Members and Trustees

NameTitle
Jack NybakkenPresident
David AasVice President
Brenda FosterDirector
Bruce WalkerDirector
Jason ZimmermanDirector
Joyce BlomsDirector
Kerry HansenDirector
Laurel WeigeltDirector
Marvin SemrauDirector
Nancy LangsethDirector
Nancy TaylorDirector
Robert ThomasDirector
Robert WheelerDirector
Laura MihalickSecretary
Armend LynnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$357,918
Program Service Revenue
$0
Investment Income
$9,364
Other Revenue
$12,891
All Other Contributions
$357,918
Change in Net Assets
$281,476
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$68,417
Grants and Similar Amounts Paid$22,706
Other Expenses$7,574
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$68,417-$68,417
Grants to Domestic Individuals$22,706--$22,706
Office Expenses-$2,724-$2,724
Conferences and Meetings-$1,156-$1,156
Fees for Services Accounting-$957-$957
Other Expenses-$250-$250
Total Functional Expenses$22,706$75,991$0$98,697
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$28,153
Fundraising Direct Expenses$15,262
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$15,848$15,848$5,024$10,824
Event 2$9,035$9,035$8,558$477
Total Events$28,153$28,153$15,262$12,891
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
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, Part VI, Section B, Line 11

Review of form 990 completed by board prior to issuance.

Form 990, Part VI, Section C, Line 19

Documents available upon request made to board.

Filing and Contact Details

Filer

EIN
45-0432114
Phone
7018574555

Signing Officer

Name
Lowell Latimer
Title
Executive Director
Phone
7018574555
Signed
2014-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lowell Latimer
Formed
1994
Legal Domicile
Nd
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
25

Preparer

Preparer
Daryl D Heizelman CPA
Phone
7018520196
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

To support ongoing activities of the foundation which includes operations, funding for grants to enrich the curriculum from students, and prodividing scholarships.

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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0456001841
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc06
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt022706
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10MINOT PUBLIC SCHOOL DISTRICT NO 1
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt022706
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.14000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0426058
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt065165
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0495935
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt010950
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt015662
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0346768
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt073549
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0426058
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt010950
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016691
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0302509
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt028354
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0346768
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt03000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018905
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0301000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0302509
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01509
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0810
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0810
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0215000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1134499
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt227781
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt39609
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt435602
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt56003
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt667441
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0MINOT AREA COMMUNITY FOUNDATION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1GENERAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2BABB GROSS FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3CARLSON FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4KEESEY FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5GRAVING FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6MPSF ENDOWMENT FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.43000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT ONGOING ACTIVITIES OF THE FOUNDATION WHICH INCLUDES OPERATIONS, FUNDING FOR GRANTS TO ENRICH THE CURRICULUM FROM STUDENTS, AND PRODIVIDING SCHOLARSHIPS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.43000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0810
IRS990ScheduleD/TotalBookValueProgramRltdAmt0495935
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015262
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015848
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt09035
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt03270
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt028153
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015848
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt09035
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt03270
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt028153
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0CONCERT & DANCE
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0PART OF THE MAGIC
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012891
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt01680
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt015262
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05024
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08558
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt019756
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt12950
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STAFF INCENTIVE GRANTS TO ENHANCE THE EDUCATION OF MINOT YOUTH
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt034
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt17
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS AND SCHOLARSHIPS ARE GIVEN BASED ON A NUMBER OF QUALIFICATIONS SPECIFIC TO EACH SCHOLARSHIP.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW OF FORM 990 COMPLETED BY BOARD PRIOR TO ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS AVAILABLE UPON REQUEST MADE TO BOARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10MINOT PUBLIC SCHOOL DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0456001841
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10215 2ND STREET SE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0MINOT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0ND

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.00$1.04$0.20$0.12$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.97$0.02$0.95$0.22$0.13$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.83$0.03$0.80$0.22$0.15$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.89$0.02$0.87$0.25$0.12$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.74$0.02$0.73$0.19$0.13$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.69$0.02$0.67$0.21$0.13$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.60$0.01$0.59$0.07$0.09$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.13$0.08$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.58$0.11$0.08$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.55$0.09$0.57$0.47
2014Detailed filing. Detailed filing data is available for this year.$1.03$0.01$1.02$0.10$0.08$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.38$0.10$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$0.10
2011Summary only. Only limited summary data is available for this year.$0.41$0.00$0.17$0.11$0.06
Peer Organizations

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