Civic Intelligence

Parent Aware for School Readiness (Pasr)

990 • Fiscal year 2013 • EIN 45-3571450

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 05, 2014

2021 East Hennepin Ave No 25055413

(612) 367-6118

Siviq Scores

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

Liabilities / Assets

39th percentile

0.02x

Higher debt load relative to assets than 39% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

40th percentile

0.02x

Higher debt load relative to revenue than 40% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

12th percentile

-25%

Higher net margin than 12% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

92nd percentile

$114,265

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

9th percentile

-21%

Faster asset growth than 9% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$992,430

Down $262,419 (-21%) from 2012

Net Assets

Down

$975,172

Down $225,530 (-19%) from 2012

Liabilities

Down

$17,258

Down $36,889 (-68%) from 2012

Revenue

$912,683

No earlier filing loaded for comparison.

Expenses

Up

$1,138,213

Up $316,121 (+38%) from 2012

Net Income

-$225,530

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 2012: $1,254,849Liabilities 2012: $54,147Net Assets 2012: $1,200,7022012Assets 2013: $992,430Liabilities 2013: $17,258Net Assets 2013: $975,1722013Assets 2014: $1,273,845Liabilities 2014: $38,475Net Assets 2014: $1,235,3702014Assets 2015: $1,316,864Liabilities 2015: $19,504Net Assets 2015: $1,297,3602015Assets 2016: $395,645Liabilities 2016: $48,854Net Assets 2016: $346,7912016Assets 2017: $326,008Liabilities 2017: $18,106Net Assets 2017: $307,9022017Assets 2018: $445,723Liabilities 2018: $52,754Net Assets 2018: $392,9692018Assets 2019: $565,053Liabilities 2019: $6,235Net Assets 2019: $558,8182019Assets 2020: $488,191Liabilities 2020: $3,341Net Assets 2020: $484,8502020Assets 2021: $391,382Liabilities 2021: $21,211Net Assets 2021: $370,1712021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2013

Assets$992,430
Liabilities$17,258
Net Assets$975,172

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $822,0922012Revenue 2013: $912,683Expenses 2013: $1,138,213Net Income 2013: -$225,5302013Revenue 2014: $1,598,045Expenses 2014: $1,337,847Net Income 2014: $260,1982014Revenue 2015: $1,643,359Expenses 2015: $1,581,369Net Income 2015: $61,9902015Revenue 2016: $275,107Expenses 2016: $1,225,676Net Income 2016: -$950,5692016Revenue 2017: $480,918Expenses 2017: $519,807Net Income 2017: -$38,8892017Revenue 2018: $632,977Expenses 2018: $547,910Net Income 2018: $85,0672018Revenue 2019: $576,835Expenses 2019: $410,986Net Income 2019: $165,8492019Revenue 2020: $254,738Expenses 2020: $328,706Net Income 2020: -$73,9682020Revenue 2021: $337,782Expenses 2021: $452,461Net Income 2021: -$114,6792021Revenue 2022: $220,628Expenses 2022: $590,799Net Income 2022: -$370,1712022

Highlighted filing

2013

Revenue$912,683
Expenses$1,138,213
Net Income-$225,530
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 5, 2014
Return Version
2013v3.0
Gross Receipts
$912,683
Mission and Program Overview

Mission

To ensure that minnesota's statewide system of early care and education strategies and investments fully prepare all young children - particularly those living in poverty - to enter kindergarten with the cognitive, socialemotional, physical and language skills they need for future success.

Pasr will partner with key stakeholders to promote and protect the parent aware ratings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$378,042-
Pledges and Grants Receivable$495,414$350,747▼ $144,667
Cash and Non-Interest-Bearing Accounts$758,475$211,873▼ $546,602
Investments in Publicly Traded Securities-$50,390-
Prepaid Expenses and Deferred Charges$960$1,378▲ $418
Total Assets$1,254,849$992,430▼ $262,419
Liabilities
Accounts Payable and Accrued Expenses$54,147$17,258▼ $36,889
Total Liabilities$54,147$17,258▼ $36,889
Net Assets / Fund Balance
Unrestricted Net Assets$1,200,702$975,172▼ $225,530
Total Net Assets Fund Balance$1,200,702$975,172▼ $225,530
Total Liabilities and Net Assets / Fund Balance$1,254,849$992,430▼ $262,419
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ericca L Richter-maasExecutive DirectorFT$109,250$5,015$114,265

Board Members and Trustees

NameTitle
Michael V CiresiChair
Douglas M Baker JrVice Chair
Arthur J RolnickBoard Member
Dr Karen CadiganBoard Member
Fred SennBoard Member
Lynn HaglinBoard Member
Peter J McdonaldBoard Member
Robbin JohnsonBoard Member
Scott JonesBoard Member
Terri BarreiroBoard Member
Carol BarnettBoard Member - Partial Year
Kenneth BurdickBoard Member - Partial Year
Mary BrainerdBoard Member - Partial Year
Maryellen Coughlan MedBoard Member - Partial Year
Warren StaleyBoard Member - Partial Year
Tim PennySecretary
Jan KruchoskiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Child TrendsEvaluation Of Parent Aware Ratings-$231,976
Loveland CommunicationsMarketing Of Parent Aware-$123,708
Revenue and Support

Revenue Composition

Contributions and Grants
$902,153
Program Service Revenue
$0
Investment Income
$3,042
Other Revenue
$7,488
All Other Contributions
$902,153
Change in Net Assets
$-225,530

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$50,390Fair Market Value
Total Noncash Contributions1$50,390-

Audited Revenue Reconciliation

Revenue per Audited Statements
$912,683
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,950
Total Revenue per Audited Statements
$915,633
Total Revenue per Form 990
$912,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$978,253
Salaries, Compensation, and Employee Benefits$159,960
Total Fundraising Expense$36,461
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$626,469--$626,469
Current Officers, Directors, Trustees, and Key Employees$71,718$25,362$18,807$115,887
Fees for Services Management$47,665--$47,665
Other Salaries and Wages$4,218$18,158$7,737$30,113
Payroll Taxes$7,402$2,468$2,468$12,338
Fees for Services Accounting-$11,569-$11,569
Fees for Services Other--$7,125$7,125
Occupancy-$5,626-$5,626
Travel-$2,315-$2,315
Pension Plan Contributions$974$324$324$1,622
Other Expenses$357$55-$55
Total Functional Expenses$1,016,640$85,112$36,461$1,138,213

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,141,163
Expenses per Audited Statements$1,138,213
Total Expenses per Form 990$1,138,213
Expenses Not Reported on Form 990$2,950
Expenses Not Reported on Financial Statements$0
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
Annual disclosure for covered persons
Yes
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
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

Each board member receives an electronic copy of form 990 and reviews it before it is signed and filed.

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

Each year officers and directors are required to review and sign a conflict of interest statement.

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

The finance committee uses the annual review process and comparability data from the nonprofit salary survey to determine the executive director's salary.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

EIN
45-3571450
Phone
6123676118

Signing Officer

Name
Michael V Ciresi
Title
Chair
Phone
6123499539
Signed
2014-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael V Ciresi
Formed
2011
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
18

Preparer

Preparer
Jennifer Thienes CPA
Phone
9525636800
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIBE THE ORGANIZATION'S MISSION

The mission of parent aware for school readiness is to use private sector strategies, strengths, and resources to focus minnesota on school readiness, serving as the channel for private support for parent aware, minnesota's quality rating and improvement system. Parent aware is designed to help parents find child care providers delivering high quality early learning programs to prepare young children for kindergarten readiness. Using a one-to four-star rating system, parent aware measures best practices identified by research that help children succeed in kindergarten and beyond. To tightly focus it's mission and foster a sense of urgency for helping minnesota children prepare for kindergarten as soon as possible, the pasr board of directors voted to eliminate itself at the end of 2016. In 2012, pasr was formed to swiftly and efficiently implement the melf-piloted and recommended market-based approach. To encourage the completion of that implementation-oriented mission by the end of 2016, the pasr board of directors voted unanimously to seize operations at the end of 2016. The year 2016 was chosen as the sunset date, because by 2015 the $45 million federal race-to-the-top grant, which is being used in part to implement the parent aware ratings and prekindergarten scholarships and many other pasr-recommended reforms, will be completed. In addition, by 2015 the parent aware ratings will have been implemented statewide. Therefore, there will have been a year to evaluate those initiatives, and make recommendations for making additional sustainable improvements into the future.

FORM 990, PART XII, LINE 2C:

The finance committee assumes the responsibility for oversight of the audit of its financial statements and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The organization is required to assess whether an uncertain tax position exists and if there should be recognition of a related benefit or liability in the financial statements. The organization has determined there are no amounts to record as assets or liabilities related to uncertain tax positions.

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IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
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IRS990/PrincipalOfficerNm0MICHAEL V CIRESI
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROTECT THE INTEGRITY OF THE PARENT AWARE RATINGS. PASR IS THE WATCHDOG OVER THE INTEGRITY OF THE RATING SYSTEM THROUGH ATTENTION TO STANDARDS, PROGRAM DESIGN, AND POLICY. PASR FUNDS ONGOING, RIGOROUS EVALUATION TO MEASURE THE EFFECTIVENESS OF THE RATINGS STANDARDS. EVALUATION DATA WILL PROVIDE PASR AND OTHERS WITH INFORMATION NECESSARY TO STRENGTHEN THE RATING SYSTEM OVER TIME, AND SOLID EVIDENCE TO FIGHT EFFORTS TO WEAKEN THE QUALITY STANDARDS. PASR ALSO WEIGHS IN ON THE SPECIFICS OF PARENT AWARE OPERATIONS, TO ENSURE THE PROGRAM IS AS SIMPLE, CLEAR, EFFICIENT, AND EFFECTIVE AS POSSIBLE. AT THE POLICY LEVEL, PASR BRINGS ITS STRONG AND UNIQUE PRIVATE SECTOR VOICE TO RESIST ANY ATTEMPTS TO KILL OR WEAKEN THE PARENT AWARE QRIS AND TO EDUCATE POLICYMAKERS AND OTHER STAKEHOLDERS ABOUT THE NEED TO FOR QUALITY EARLY EDUCATION.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0JP MORGAN WAS BROKER AND ASSETS WERE SOLD IN JANUARY 2014.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 32B:
IRS990ScheduleM/ThirdPartiesUsedInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF PARENT AWARE FOR SCHOOL READINESS IS TO USE PRIVATE SECTOR STRATEGIES, STRENGTHS, AND RESOURCES TO FOCUS MINNESOTA ON SCHOOL READINESS, SERVING AS THE CHANNEL FOR PRIVATE SUPPORT FOR PARENT AWARE, MINNESOTA'S QUALITY RATING AND IMPROVEMENT SYSTEM. PARENT AWARE IS DESIGNED TO HELP PARENTS FIND CHILD CARE PROVIDERS DELIVERING HIGH QUALITY EARLY LEARNING PROGRAMS TO PREPARE YOUNG CHILDREN FOR KINDERGARTEN READINESS. USING A ONE-TO FOUR-STAR RATING SYSTEM, PARENT AWARE MEASURES BEST PRACTICES IDENTIFIED BY RESEARCH THAT HELP CHILDREN SUCCEED IN KINDERGARTEN AND BEYOND. TO TIGHTLY FOCUS IT'S MISSION AND FOSTER A SENSE OF URGENCY FOR HELPING MINNESOTA CHILDREN PREPARE FOR KINDERGARTEN AS SOON AS POSSIBLE, THE PASR BOARD OF DIRECTORS VOTED TO ELIMINATE ITSELF AT THE END OF 2016. IN 2012, PASR WAS FORMED TO SWIFTLY AND EFFICIENTLY IMPLEMENT THE MELF-PILOTED AND RECOMMENDED MARKET-BASED APPROACH. TO ENCOURAGE THE COMPLETION OF THAT IMPLEMENTATION-ORIENTED MISSION BY THE END OF 2016, THE PASR BOARD OF DIRECTORS VOTED UNANIMOUSLY TO SEIZE OPERATIONS AT THE END OF 2016. THE YEAR 2016 WAS CHOSEN AS THE SUNSET DATE, BECAUSE BY 2015 THE $45 MILLION FEDERAL RACE-TO-THE-TOP GRANT, WHICH IS BEING USED IN PART TO IMPLEMENT THE PARENT AWARE RATINGS AND PREKINDERGARTEN SCHOLARSHIPS AND MANY OTHER PASR-RECOMMENDED REFORMS, WILL BE COMPLETED. IN ADDITION, BY 2015 THE PARENT AWARE RATINGS WILL HAVE BEEN IMPLEMENTED STATEWIDE. THEREFORE, THERE WILL HAVE BEEN A YEAR TO EVALUATE THOSE INITIATIVES, AND MAKE RECOMMENDATIONS FOR MAKING ADDITIONAL SUSTAINABLE IMPROVEMENTS INTO THE FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER RECEIVES AN ELECTRONIC COPY OF FORM 990 AND REVIEWS IT BEFORE IT IS SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR OFFICERS AND DIRECTORS ARE REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCE COMMITTEE USES THE ANNUAL REVIEW PROCESS AND COMPARABILITY DATA FROM THE NONPROFIT SALARY SURVEY TO DETERMINE THE EXECUTIVE DIRECTOR'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FINANCE COMMITTEE ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1, DESCRIBE THE ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19

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