Civic Intelligence

St Cloud Downtown Alliance Foundation

990 • Fiscal year 2014 • EIN 45-0668969

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 11, 2015

1010 W St Germain St Suite 250St Cloud, MN 56301

(320) 257-8600

Siviq Scores

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

Liabilities / Assets

90th percentile

0.63x

Higher debt load relative to assets than 90% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

12th percentile

-30%

Higher net margin than 12% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

98th percentile

$93,089

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 80.9% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

3rd percentile

-91%

Faster asset growth than 3% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

10th percentile

-45%

Faster revenue growth than 10% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$3,586

Down $34,903 (-91%) from 2013

Net Assets

Down

$1,335

Down $34,537 (-96%) from 2013

Liabilities

Down

$2,251

Down $366 (-14%) from 2013

Revenue

Down

$115,081

Down $93,268 (-45%) from 2013

Expenses

Down

$149,618

Down $64,099 (-30%) from 2013

Net Income

Down

-$34,537

Down $29,169 (-543%) from 2013

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2013: $38,489Liabilities 2013: $2,617Net Assets 2013: $35,8722013Assets 2014: $3,586Liabilities 2014: $2,251Net Assets 2014: $1,3352014Assets 2015: $1,307Liabilities 2015: $14,852Net Assets 2015: -$13,5452015Assets 2016: $7,650Liabilities 2016: $26,298Net Assets 2016: -$18,6482016Assets 2017: $35,168Liabilities 2017: $31,095Net Assets 2017: $4,0732017Assets 2018: $8,321Liabilities 2018: $20,055Net Assets 2018: -$11,7342018Assets 2019: $12,207Liabilities 2019: $14,674Net Assets 2019: -$2,4672019Assets 2020: $360Liabilities 2020: $0Net Assets 2020: $3602020Assets 2021: $74,317Liabilities 2021: $0Net Assets 2021: $74,3172021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2014

Assets$3,586
Liabilities$2,251
Net Assets$1,335

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $208,349Expenses 2013: $213,717Net Income 2013: -$5,3682013Revenue 2014: $115,081Expenses 2014: $149,618Net Income 2014: -$34,5372014Revenue 2015: $122,127Expenses 2015: $137,007Net Income 2015: -$14,8802015Revenue 2016: $139,173Expenses 2016: $144,276Net Income 2016: -$5,1032016Revenue 2017: $136,948Expenses 2017: $114,227Net Income 2017: $22,7212017Revenue 2018: $122,230Expenses 2018: $138,037Net Income 2018: -$15,8072018Revenue 2019: $159,074Expenses 2019: $149,807Net Income 2019: $9,2672019Revenue 2020: $79,379Expenses 2020: $76,552Net Income 2020: $2,8272020Revenue 2021: $94,225Expenses 2021: $20,268Net Income 2021: $73,9572021Revenue 2022: $18,990Expenses 2022: $93,307Net Income 2022: -$74,3172022

Highlighted filing

2014

Revenue$115,081
Expenses$149,618
Net Income-$34,537
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 11, 2015
Return Version
2014v5.0
Gross Receipts
$168,328
Mission and Program Overview

Mission

Enhancing and strengthening our community and our regional core.

Historic preservation, enhancing and strengthening our community and our regional core.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$33,500$3,503▼ $29,997
Rtn Earn Endowment Incm Other Fnds$35,872$1,335▼ $34,537
Cash and Non-Interest-Bearing Accounts$4,989$83▼ $4,906
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$38,489$3,586▼ $34,903
Liabilities
Other Liabilities$2,617$2,251▼ $366
Total Liabilities$2,617$2,251▼ $366
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,872$1,335▼ $34,537
Total Liabilities and Net Assets / Fund Balance$38,489$3,586▼ $34,903
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pegg Ak GustafsonExecutive DirectorFT$80,000$13,089$93,089

Board Members and Trustees

NameTitle
Tami DelandBoard Chair
Kate HansonBoard Vice Chair
Andy BarthBoard Member
Bob LeightonBoard Member
Jami TrenamBoard Member
John BestgenBoard Member
Lindsay LetterellBoard Member
Michelle ReddingBoard Member
Mik BaileyBoard Member
Paul HarrisBoard Member
Penny WhiteBoard Member
Rob RuprechtBoard Member
Tim HoheiselBoard Member
Sonja GidlowBoard Secretary
Jeffrey PetersonBoard Treasurer
Dave KleisEx Officio Board Member
Julie LunningEx Officio Board Member
Tammy McgeeEx Officio Board Member
Revenue and Support

Revenue Composition

Contributions and Grants
$79,588
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$35,493
All Other Contributions
$12,488
Change in Net Assets
$-34,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$93,091
Other Expenses$56,527
Total Fundraising Expense$24,222
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$43,485$21,743$21,743$86,971
Fees for Services Accounting-$8,158-$8,158
Payroll Taxes$3,060$1,530$1,530$6,120
Office Expenses$2,908$2,908-$5,816
All Other Expenses$990$3,106$949$5,045
Advertising$3,751--$3,751
Insurance-$2,293-$2,293
Information Technology$189$1,700-$1,889
Conferences and Meetings$732$1,098-$1,830
Occupancy-$1,697-$1,697
Other Expenses$511$1,475-$1,475
Travel$70$627-$697
Total Functional Expenses$73,537$51,859$24,222$149,618
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$53,247
Fundraising Gross Income$1,460
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Winter Parade$24,460$1,010$16,427$-15,417
Walk About$39,100$450$31,820$-31,370
Total Events$68,560$1,460$53,247$-51,787
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mn Withholding Payable$330
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

The executive committee of the board of directors, comprised of the officers of the board reviews the 990 prior to filing the form.

Form 990, Part VI, Section B, Line 12C

Board members are asked to review conflict of interest policy and acknowledge same by signature every year disclosing any interests that could give rise to conflicts. If present at the meeting, board member is required to disclose the facts of a conflict prior to any board or committee action involving a conflict. This is documented in the minutes of the meeting. If the board member is not present at the meeting involving a conflict, that board member is to share the information with the chair or chair's designee. The conflict will be communicated at the meeting and reflected in the minutes. The board member with the conflict will not vote or participate in the discussion, nor will they be present during the vote. In the event that a possible conflict is recognized after the action has been taken, the conflict is still to be reported to the chair or chair's designee. The chair will make the determination whether the action requires re-opening and such decision will be recorded in the minutes at a subsequent meeting of the board.

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

The executive committee determines compensation and takes into account similar position salary surveys when needed. The committee then recommends the salary to the full board and it is approved and accepted as part of the annual budget proposal.

Form 990, Part VI, Section C, Line 19

All governing documents are available upon request and readily available.

Filing and Contact Details

Filer

Filer Name
St Cloud Downtown Alliance Foundation
EIN
45-0668969
Phone
3202578600
Address
1010 W ST GERMAIN ST SUITE 250, ST CLOUD, MN 56301

Signing Officer

Name
Pegg a K Gustafson
Title
Executive Director
Phone
3202578600
Signed
2015-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pegg a K Gustafson
Formed
2011
Legal Domicile
Mn
Voting Board Members
18
Independent Board Members
18
Employees
1
Volunteers
350

Preparer

Firm
Cliftonlarsonallen Llp
Address
818 SECOND ST SO SUITE 320, WAITE PARK, MN 56387
Preparer
Kristin L Schmidt
Phone
3202035500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The executive committee made up of the officers of the corporation assume this responsibility.

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IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0HISTORIC PRESERVATION, ENHANCING AND STRENGTHENING OUR COMMUNITY AND OUR REGIONAL CORE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt035872
IRS990/NetAssetsOrFundBalancesEOYAmt01335
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-51787
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-51787
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01697
IRS990/OccupancyGrp/TotalAmt01697
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02908
IRS990/OfficeExpensesGrp/ProgramServicesAmt02908
IRS990/OfficeExpensesGrp/TotalAmt05816
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1RECRUITMENT AND DEVELOP
IRS990/OtherExpensesGrp/Desc2EQUIPMENT
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03481
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12043
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21475
IRS990/OtherExpensesGrp/ProgramServicesAmt017841
IRS990/OtherExpensesGrp/ProgramServicesAmt1511
IRS990/OtherExpensesGrp/TotalAmt017841
IRS990/OtherExpensesGrp/TotalAmt13481
IRS990/OtherExpensesGrp/TotalAmt22554
IRS990/OtherExpensesGrp/TotalAmt31475
IRS990/OtherLiabilitiesGrp/BOYAmt02617
IRS990/OtherLiabilitiesGrp/EOYAmt02251
IRS990/OtherRevenueMiscGrp/BusinessCd0561000
IRS990/OtherRevenueMiscGrp/Desc0SERVICE CONTRACT REVEN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt087280
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt087280
IRS990/OtherRevenueTotalAmt087280
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01530
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01530
IRS990/PayrollTaxesGrp/ProgramServicesAmt03060
IRS990/PayrollTaxesGrp/TotalAmt06120
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PEGG A K GUSTAFSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTIONS AND EVENTS - HOST ACTIVITIES THAT ARE OPEN TO AND BENEFIT THE PUBLIC
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt039175
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt087280
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATIONAL PROGRAMS FOR RESIDENTS AND BUSINESSES - DISSEMINATE INFORMATION; SOLICIT, RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt011059
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0134983
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt089410
IRS990/PYOtherRevenueAmt073366
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-5368
IRS990/PYSalariesCompEmpBnftPaidAmt0124307
IRS990/PYTotalExpensesAmt0213717
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0208349
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-34537
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt035872
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01335
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2011 AMOUNT: $ 1,150. 2012 AMOUNT: $ 57. 2013 AMOUNT: $ 738. SERVICE CONTRACT - 2013 AMOUNT: $ 87,280. 2014 AMOUNT: $ 87,280.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ORGANIZATION WAS FORMED ON MARCH 15, 2011; THEREFORE 2011 WAS A SHORT YEAR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, GENERAL INFORMATION
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt079588
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0134983
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt078905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt030720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0324196
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt08126
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt087280
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt088018
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt057
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01150
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0176505
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0295738
IRS990ScheduleA/SubstantialContributorsTotAmt028458
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt079588
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0134983
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt078905
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt030720
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0324196
IRS990ScheduleA/TotalSupportAmt0500701
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/FederalIncomeTaxLiabilityAmt01921
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MN WITHHOLDING PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt02251
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt067100
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt038650
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt023450
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt05000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt053247
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0WALK ABOUT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WINTER PARADE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt039100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt024460
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt05000
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0450
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt01010
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01460
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-51787
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt05000
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt053247
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt031820
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt016427
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01

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