Civic Intelligence

Isd 88 Foundation Inc

990 • Fiscal year 2015 • EIN 45-5615797

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 28, 2016

PO Box 572New Ulm, MN 56073

(507) 766-0116

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

98th percentile

94%

Higher net margin than 98% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

93rd percentile

81%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

21st percentile

-14%

Faster revenue growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$655,850

Up $293,409 (+81%) from 2014

Net Assets

Up

$655,850

Up $293,409 (+81%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$312,953

Down $50,772 (-14%) from 2014

Expenses

Up

$19,544

Up $14,955 (+326%) from 2014

Net Income

Down

$293,409

Down $65,727 (-18%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2014: $362,441Liabilities 2014: $0Net Assets 2014: $362,4412014Assets 2015: $655,850Liabilities 2015: $0Net Assets 2015: $655,8502015Assets 2016: $315,091Liabilities 2016: $520Net Assets 2016: $314,5712016Assets 2017: $344,845Liabilities 2017: $730Net Assets 2017: $344,1152017Assets 2018: $376,509Liabilities 2018: $701Net Assets 2018: $375,8082018Assets 2019: $485,131Liabilities 2019: $393Net Assets 2019: $484,7382019Assets 2020: $501,440Liabilities 2020: $383Net Assets 2020: $501,0572020Assets 2021: $686,301Liabilities 2021: $129,909Net Assets 2021: $556,3922021Assets 2022: $510,832Liabilities 2022: $8,642Net Assets 2022: $502,1902022Assets 2023: $597,533Liabilities 2023: $17,243Net Assets 2023: $580,2902023Assets 2024: $618,973Liabilities 2024: $3,558Net Assets 2024: $615,4152024

Highlighted filing

2015

Assets$655,850
Liabilities$0
Net Assets$655,850

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $363,725Expenses 2014: $4,589Net Income 2014: $359,1362014Revenue 2015: $312,953Expenses 2015: $19,544Net Income 2015: $293,4092015Revenue 2016: $317,319Expenses 2016: $658,598Net Income 2016: -$341,2792016Revenue 2017: $391,683Expenses 2017: $362,601Net Income 2017: $29,0822017Revenue 2018: $203,241Expenses 2018: $170,139Net Income 2018: $33,1022018Revenue 2019: $120,242Expenses 2019: $56,151Net Income 2019: $64,0912019Revenue 2020: $49,810Expenses 2020: $56,895Net Income 2020: -$7,0852020Revenue 2021: $73,412Expenses 2021: $47,446Net Income 2021: $25,9662021Revenue 2022: $70,176Expenses 2022: $38,250Net Income 2022: $31,9262022Revenue 2023: $79,374Expenses 2023: $41,616Net Income 2023: $37,7582023Revenue 2024: $85,832Expenses 2024: $46,687Net Income 2024: $39,1452024

Highlighted filing

2015

Revenue$312,953
Expenses$19,544
Net Income$293,409
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 28, 2016
Return Version
2015v2.1
Gross Receipts
$339,445
Mission and Program Overview

Mission

To enhance the quality of education in ISD 88 while creating partnerships between our schools, our communities, and alumni

The purpose of the ISD 88 Foundation is to raise funds for educational grants to enhance education in Independent School District 88.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$200,000$401,504▲ $201,504
Investments in Publicly Traded Securities$142,828$212,613▲ $69,785
Savings and Temporary Cash Investments$10,675$38,943▲ $28,268
Cash and Non-Interest-Bearing Accounts$8,663$2,390▼ $6,273
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Land, Buildings, and Equipment, Net-$0-
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$362,441$655,850▲ $293,409
Other Assets Total$275$400▲ $125
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$202,216$404,777▲ $202,561
Permanently Rstr Net Assets$145,092$213,471▲ $68,379
Unrestricted Net Assets$15,133$37,602▲ $22,469
Total Net Assets Fund Balance$362,441$655,850▲ $293,409
Total Liabilities and Net Assets / Fund Balance$362,441$655,850▲ $293,409

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$401,504--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$147,308$68,379▲ $2,561$0$218,248
2014$0$145,092▲ $2,216$0$147,308
2013$0$0→ $0$0$0
2012$0$0→ $0$0$0
2011$0$0→ $0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim KnaakChair
Tracie VranichVice Chair
Amanda GroebnerBoard Member
Andrea LieserBoard Member
Bill SteinkeBoard Member
Devin NelsonBoard Member
Jason RetzlaffBoard Member
Jim SchmidtBoard Member
Jim SenskeBoard Member
Jim ThomasBoard Member
Missy DreckmanBoard Member
Nicole SchmeisingBoard Member
Ted SauersBoard Member
Marka StockerExecutive Director
Marlys ZetahSecretary
Mike LiebTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$283,086
Program Service Revenue
$0
Investment Income
$4,914
Other Revenue
$24,953
All Other Contributions
$275,507
Change in Net Assets
$293,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,308
Other Expenses$2,236
Total Fundraising Expense$915
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$17,308--$17,308
Advertising$0$20$753$773
Fees for Service Investment Mgmnt Fees$0$714$0$714
Other Expenses$0$152$27$179
Office Expenses$0$0$135$135
Information Technology$0$119$0$119
Conferences and Meetings$0$70$0$70
Total Functional Expenses$17,329$1,300$915$19,544
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Independent School District 88New Ulm, MN170(c)(1)The purpose of the grants are to enhance education. 1. A grant of $2,308 was awarded to purchase kindergarten listening centers 2. A grant of $15,000 was awarded to implement a STEAM program for all 5th and 6th graders call "Destination Imagination".$17,308
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$51,445
Fundraising Direct Expenses$26,492
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Eagles Extravaganza$59,024$51,445$19,086$32,359
Total Events$59,024$51,445$26,492$24,953
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 11B

A complete copy of the Form 990 submission will be provided to the Executive Committee for review. Once satisfied with Form 990, Executive Committee will recommend to the entire board approval. A vote by email will be taken prior to submission based on the Executive committee's recommendation. Form 990 will be available to the full board for review upon request.

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

Board members are required to sign a new conflict of interest policy each year in January

Form 990, Part VI, Section B, Line 15

The board reviewed salaries from other local non-profit Executive Directors to determine the pay.

Form 990, Part VI, Section C, Line 19

Currently, our By-laws are available on our website. All other documents are available upon request

Filing and Contact Details

Filer

Filer Name
Isd 88 Foundation Inc
EIN
45-5615797
Phone
5077660116
Address
PO Box 572, New Ulm, MN 56073

Signing Officer

Name
Marka Stocker
Title
Director
Phone
5077660116
Signed
2016-07-28

Organization Details

Principal Officer
Tim Knaak
Formed
2012
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
20
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

During 2015, the foundation implemented a granting program. This program serves the ISD 88 school district and provides grants that will enhance education.

Financial Statement Notes

Schedule D, Part V, Line 4

The income from the endowment funds is to be used for the granting of funds to ISD 88 for projects that enhance education. This is accomplished through a formal granting process.

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IRS990/Form990PartVIISectionAGrp/PersonNm15Marka Stocker
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