Civic Intelligence

St Cloud Downtown Alliance Foundation

990 • Fiscal year 2015 • EIN 45-0668969

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 11, 2016

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

99th percentile

11.36x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

0.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

98th percentile

$89,187

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 73.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

6th percentile

-64%

Faster asset growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

58th percentile

6.1%

Faster revenue growth than 58% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,307

Down $2,279 (-64%) from 2014

Net Assets

Down

-$13,545

Down $14,880 (-1115%) from 2014

Liabilities

Up

$14,852

Up $12,601 (+560%) from 2014

Revenue

Up

$122,127

Up $7,046 (+6.1%) from 2014

Expenses

Down

$137,007

Down $12,611 (-8.4%) from 2014

Net Income

Up

-$14,880

Up $19,657 (+57%) from 2014

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

2015

Assets$1,307
Liabilities$14,852
Net Assets-$13,545

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

2015

Revenue$122,127
Expenses$137,007
Net Income-$14,880
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 11, 2016
Return Version
2015v2.1
Gross Receipts
$162,828
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$3,503$0▼ $3,503
Cash and Non-Interest-Bearing Accounts$83$1,307▲ $1,224
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$1,335$-13,545▼ $14,880
Total Assets$3,586$1,307▼ $2,279
Liabilities
Other Liabilities$2,251$14,852▲ $12,601
Total Liabilities$2,251$14,852▲ $12,601
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,335$-13,545▼ $14,880
Total Liabilities and Net Assets / Fund Balance$3,586$1,307▼ $2,279
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pegg Ak GustafsonExecutive DirectorFT$81,200$7,987$89,187

Board Members and Trustees

NameTitle
Tami DelandBoard Chair
Kate HansonBoard Vice Chair
Andy BarthBoard Member
Bob LeightonBoard Member
Brad GoskowiczBoard Member
Jami TrenamBoard Member
John BestgenBoard Member
Kurt OttoBoard Member
Lisa EllisBoard Member
Mary Kay PfannensteinBoard Member
Michelle ReddingBoard Member
Penny WhiteBoard Member
Rob RuprechtBoard Member
Ryan LaudenbackBoard Member
Sonja GidlowBoard Secretary
Jeffrey PetersonBoard Treasurer
Dave KleisEx Officio Board Member
Tammy McgeeEx Officio Board Member
Revenue and Support

Revenue Composition

Contributions and Grants
$66,215
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$55,912
All Other Contributions
$18,130
Change in Net Assets
$-14,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$95,819
Other Expenses$41,188
Total Fundraising Expense$23,955
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$44,622$22,311$22,311$89,244
Advertising$7,736--$7,736
Fees for Services Accounting-$7,055-$7,055
Payroll Taxes$3,287$1,644$1,644$6,575
Office Expenses$2,224$2,225-$4,449
Information Technology$1,170$1,256-$2,426
All Other Expenses$550$1,842-$2,392
Insurance-$1,800-$1,800
Conferences and Meetings$503$754-$1,257
Occupancy-$833-$833
Other Expenses$392$391-$783
Travel$55$490-$545
Total Functional Expenses$68,054$44,998$23,955$137,007
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$40,701
Fundraising Gross Income$9,142
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Winter Parade$55,247$9,012$38,641$-29,629
Walk About$1,980$130$2,060$-1,930
Total Events$57,227$9,142$40,701$-31,559
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Downtown Council$12,443
Mn Withholding Payable$358
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
2016-07-11
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
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0HISTORIC PRESERVATION, ENHANCING AND STRENGTHENING OUR COMMUNITY AND OUR REGIONAL CORE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01335
IRS990/NetAssetsOrFundBalancesEOYAmt0-13545
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-31559
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-31559
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0833
IRS990/OccupancyGrp/TotalAmt0833
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02225
IRS990/OfficeExpensesGrp/ProgramServicesAmt02224
IRS990/OfficeExpensesGrp/TotalAmt04449
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1RECRUITMENT AND DEVELOP
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02755
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11642
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2391
IRS990/OtherExpensesGrp/ProgramServicesAmt07515
IRS990/OtherExpensesGrp/ProgramServicesAmt1392
IRS990/OtherExpensesGrp/TotalAmt07515
IRS990/OtherExpensesGrp/TotalAmt12755
IRS990/OtherExpensesGrp/TotalAmt21642
IRS990/OtherExpensesGrp/TotalAmt3783
IRS990/OtherLiabilitiesGrp/BOYAmt02251
IRS990/OtherLiabilitiesGrp/EOYAmt014852
IRS990/OtherRevenueMiscGrp/BusinessCd0561000
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0SERVICE CONTRACT REVEN
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt087280
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1191
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt087280
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1191
IRS990/OtherRevenueTotalAmt087471
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01644
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01644
IRS990/PayrollTaxesGrp/ProgramServicesAmt03287
IRS990/PayrollTaxesGrp/TotalAmt06575
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/ExpenseAmt035866
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/ExpenseAmt010844
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0191
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt079588
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt056527
IRS990/PYOtherRevenueAmt035493
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-34537
IRS990/PYSalariesCompEmpBnftPaidAmt093091
IRS990/PYTotalExpensesAmt0149618
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0115081
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-14880
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01335
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-13545
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2011 AMOUNT: $ 1,150. 2012 AMOUNT: $ 57. 2013 AMOUNT: $ 738. 2015 AMOUNT: $ 191. SERVICE CONTRACT - 2013 AMOUNT: $ 87,280. 2014 AMOUNT: $ 87,280. 2015 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/CurrentTaxYearAmt066215
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt079588
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0134983
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt078905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt030720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0390411
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt017268
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt087471
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt087280
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt088018
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt057
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01150
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0263976
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0362990
IRS990ScheduleA/SubstantialContributorsTotAmt027421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt066215
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt079588
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0134983
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt078905
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt030720
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0390411
IRS990ScheduleA/TotalSupportAmt0654387
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/FederalIncomeTaxLiabilityAmt02051
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0358
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112443
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MN WITHHOLDING PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO DOWNTOWN COUNCIL
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt014852
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt048085
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt01850
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt046235
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt040701
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0WALK ABOUT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WINTER PARADE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt01980
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt055247
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt057227
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0130
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt09012
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt09142
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-31559
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt040701
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02060

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