Civic Intelligence

Parent Aware for School Readiness (Pasr)

990 • Fiscal year 2014 • EIN 45-3571450

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 30, 2015

2021 East Hennepin Ave No 250Minneapolis, MN 55413

(612) 367-6118

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

26th percentile

0.02x

Higher debt load relative to revenue than 26% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

80th percentile

$128,083

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

86th percentile

28%

Faster asset growth than 86% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

91st percentile

75%

Faster revenue growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,273,845

Up $281,415 (+28%) from 2013

Net Assets

Up

$1,235,370

Up $260,198 (+27%) from 2013

Liabilities

Up

$38,475

Up $21,217 (+123%) from 2013

Revenue

Up

$1,598,045

Up $685,362 (+75%) from 2013

Expenses

Up

$1,337,847

Up $199,634 (+18%) from 2013

Net Income

Up

$260,198

Up $485,728 (+215%) from 2013

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

2014

Assets$1,273,845
Liabilities$38,475
Net Assets$1,235,370

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

2014

Revenue$1,598,045
Expenses$1,337,847
Net Income$260,198
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 30, 2015
Return Version
2014v5.0
Gross Receipts
$1,598,045
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
Cash and Non-Interest-Bearing Accounts$211,873$764,594▲ $552,721
Pledges and Grants Receivable$350,747$275,247▼ $75,500
Savings and Temporary Cash Investments$378,042$231,778▼ $146,264
Investments in Publicly Traded Securities$50,390$0▼ $50,390
Prepaid Expenses and Deferred Charges$1,378$2,226▲ $848
Total Assets$992,430$1,273,845▲ $281,415
Liabilities
Accounts Payable and Accrued Expenses$17,258$38,475▲ $21,217
Total Liabilities$17,258$38,475▲ $21,217
Net Assets / Fund Balance
Unrestricted Net Assets$975,172$1,235,370▲ $260,198
Total Net Assets Fund Balance$975,172$1,235,370▲ $260,198
Total Liabilities and Net Assets / Fund Balance$992,430$1,273,845▲ $281,415
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ericca L Richter-maasExecutive DirectorFT$122,333$5,750$128,083
Gail BultmanFinance DirectorFT$47,015$2,156$49,171

Board Members and Trustees

NameTitle
Michael V CiresiChair
Douglas M Baker JrVice Chair
Arthur J RolnickBoard Member
Dr Karen CadiganBoard Member
Fred SennBoard Member
Kathy CooneyBoard Member
Lynn HaglinBoard Member
Margie SoranBoard Member
Marshall JohnsonBoard Member
Peter J McdonaldBoard Member
Robbin JohnsonBoard Member
Scott JonesBoard Member
Terri BarreiroBoard Member
Tim PennySecretary
Jan KruchoskiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Child TrendsEvaluation Of Parent Aware Ratings7315 WISCONSIN AVE SUITE 12, Bethesda, MD 20814$276,407
NerderyWebsite Enhancements And Maintenance9555 JAMES AVENUE SOUTH, Bloomington, MN 55431$212,272
Revenue and Support

Revenue Composition

Contributions and Grants
$1,594,289
Program Service Revenue
$0
Investment Income
$3,736
Other Revenue
$20
All Other Contributions
$1,594,289
Change in Net Assets
$260,198

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$62,037Selling Price
Total Noncash Contributions1$62,037-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,598,045
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,598,045
Total Revenue per Form 990
$1,598,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,147,900
Salaries, Compensation, and Employee Benefits$189,947
Total Fundraising Expense$35,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$727,019--$727,019
Current Officers, Directors, Trustees, and Key Employees$86,069$56,996$32,434$175,499
Fees for Services Lobbying$42,000--$42,000
Fees for Services Other$33,054--$33,054
Fees for Services Accounting-$22,514-$22,514
Other Expenses$3,096$11,732-$14,828
Payroll Taxes$7,027$4,740$2,681$14,448
Occupancy-$7,741-$7,741
Office Expenses-$7,290-$7,290
Travel-$5,297-$5,297
Total Functional Expenses$1,186,422$116,310$35,115$1,337,847

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,337,847
Total Expenses per Audited Statements$1,337,847
Total Expenses per Form 990$1,337,847
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Yes
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

Filer Name
Parent Aware for School Readiness (pasr)
EIN
45-3571450
Phone
6123676118
Address
2021 EAST HENNEPIN AVE NO 250, MINNEAPOLIS, MN 55413

Signing Officer

Name
Michael V Ciresi
Title
Chair
Phone
6123499539
Signed
2015-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael V Ciresi
Formed
2011
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
15

Preparer

Firm
Kern Dewenter Viere Ltd
Address
3800 AMERICAN BLVD W STE 1000, MINNEAPOLIS, MN 55431
Preparer
Marie a Schmitz
Phone
9525636800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The finance committee assumes the responsibility for oversight of the audit of its financial statements and the 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. Generally, the organization is no longer subject to examination by tax authorities for years before december 31, 2011.

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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/MissionDesc0THE 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 1-4 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
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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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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0$42,000 IN ATTORNEY FEES FOR ADVOCATING FOR LEGISLATION THAT CONNECTS FUNDING FOR THE STATE'S CHILD CARE ASSISTANCE PROGRAMS TO THE QUALITY RATING AND IMPROVEMENT SYSTEM. $639 IS FOR OTHER RELATED EXPENSES SUCH AS TRAVEL AND PRINTING.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
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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. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE DECEMBER 31, 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0SELLING PRICE
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0BREMER INVESTMENT SERVICES WAS THE BROKER FOR ASSETS SOLD IN DECEMBER 2014.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 32B:
IRS990ScheduleM/ThirdPartiesUsedInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH BOARD MEMBER RECEIVES AN ELECTRONIC COPY OF FORM 990 AND REVIEWS IT BEFORE IT IS SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH YEAR OFFICERS AND DIRECTORS ARE REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCE COMMITTEE USES THE ANNUAL REVIEW PROCESS AND COMPARABILITY DATA FROM THE NONPROFIT SALARY SURVEY TO DETERMINE THE EXECUTIVE DIRECTOR'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCE COMMITTEE ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:

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