Civic Intelligence

Milbank Community Foundation

990 • Fiscal year 2012 • EIN 46-0427565

Jan 01, 2012 to Dec 31, 2012 • Filed on Sep 30, 2013

Organization ProfileWWW.MILBANKCF.COM

View Organization Page

904 East 4th Avenue57252
Siviq Scores

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

Liabilities / Assets

52nd percentile

0.14x

Higher debt load relative to assets than 52% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

1st percentile

-69%

Faster asset growth than 1% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$2,969,398

Down $6,561,237 (-69%) from 2011

Net Assets

Down

$2,547,883

Down $1,016,056 (-29%) from 2011

Liabilities

Down

$421,515

Down $5,545,181 (-93%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,869,989

Down $12,548,697 (-87%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $19,205,269Liabilities 2010: $10,266,919Net Assets 2010: $8,938,3502010Assets 2011: $9,530,635Liabilities 2011: $5,966,696Net Assets 2011: $3,563,9392011Assets 2012: $2,969,398Liabilities 2012: $421,515Net Assets 2012: $2,547,8832012Assets 2013: $2,979,698Liabilities 2013: $277,480Net Assets 2013: $2,702,2182013Assets 2014: $3,076,848Liabilities 2014: $283,028Net Assets 2014: $2,793,8202014Assets 2015: $3,279,934Liabilities 2015: $278,330Net Assets 2015: $3,001,6042015Assets 2016: $3,321,414Liabilities 2016: $271,443Net Assets 2016: $3,049,9712016Assets 2017: $3,334,711Liabilities 2017: $186,724Net Assets 2017: $3,147,9872017Assets 2018: $3,254,859Liabilities 2018: $201,171Net Assets 2018: $3,053,6882018Assets 2019: $3,234,113Liabilities 2019: $214,002Net Assets 2019: $3,020,1112019Assets 2020: $1,419,303Liabilities 2020: $245,513Net Assets 2020: $1,173,7902020Assets 2021: $1,435,565Liabilities 2021: $191,561Net Assets 2021: $1,244,0042021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2012

Assets$2,969,398
Liabilities$421,515
Net Assets$2,547,883
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,830,1912010Expenses 2011: $14,418,6862011Expenses 2012: $1,869,9892012Revenue 2013: $885,411Expenses 2013: $731,076Net Income 2013: $154,3352013Revenue 2014: $879,050Expenses 2014: $787,448Net Income 2014: $91,6022014Revenue 2015: $1,009,897Expenses 2015: $800,930Net Income 2015: $208,9672015Revenue 2016: $911,655Expenses 2016: $874,718Net Income 2016: $36,9372016Revenue 2017: $822,194Expenses 2017: $842,645Net Income 2017: -$20,4512017Revenue 2018: $850,908Expenses 2018: $909,191Net Income 2018: -$58,2832018Revenue 2019: $781,685Expenses 2019: $853,199Net Income 2019: -$71,5142019Revenue 2020: -$1,001,094Expenses 2020: $850,847Net Income 2020: -$1,851,9412020Revenue 2021: $797,652Expenses 2021: $739,024Net Income 2021: $58,6282021Revenue 2022: $208,053Expenses 2022: $790,265Net Income 2022: -$582,2122022

Highlighted filing

2012

Revenue-
Expenses$1,869,989
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Sep 30, 2013
Return Version
2012v2.1
Gross Receipts
$853,933
Mission and Program Overview

Mission

The mission of the milbank community foundation is to provide the opportunity for philanthropic investment in our community; demonstrate leadership in the areas of education, social & economic development; & promote the quality of life to the residents of the milbank area.

Filing and Contact Details

Filer

EIN
46-0427565
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IRS990/MissionDescription0THE MISSION OF THE MILBANK COMMUNITY FOUNDATION IS TO PROVIDE THE OPPORTUNITY FOR PHILANTHROPIC INVESTMENT IN OUR COMMUNITY; TO DEMONSTRATE LEADERSHIP IN THE AREAS OF EDUCATION, SOCIAL AND ECONOMIC DEVELOPMENT; AND TO PROMOTE THE QUALITY OF LIFE TO THE RESIDENTS OF MILBANK AREA.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE STATE OF SOUTH DAKOTA DOES NOT HAVE AN INCOME TAX. THE FOUNDATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1MIDWEST DAIRY INSTITUTE DAIRY INCOME 282.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2MIDWEST DAIRY INSTITUTE DAIRY EXPENSES 27,334.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
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IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/GrantsFundsAndOtherAccounts00
IRS990ScheduleD/GrantsPaidFromDonorFunds012500
IRS990ScheduleD/Land/BookValue03157
IRS990ScheduleD/Land/OtherCostOrOtherBasis03157
IRS990ScheduleD/NumberDAFsHeld05
IRS990ScheduleD/NumberFundsHeld03
IRS990ScheduleD/OtherExpensesNotIncluded027334
IRS990ScheduleD/OtherRevenuesNotIncluded0282
IRS990ScheduleD/OtherSecurities/BookValue0787500
IRS990ScheduleD/OtherSecurities/Description0PREFERRED STOCK - VALLEY QUEEN CHEESE FACTORY
IRS990ScheduleD/OtherSecurities/MethodOfValuation0C
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt0282
IRS990ScheduleD/RevenueSubtotal0853651
IRS990ScheduleD/TotalExpensesPerForm99001869989
IRS990ScheduleD/TotalOfBookValueLandBuildings02072440
IRS990ScheduleD/TotalOfBookValueSecurities0787500
IRS990ScheduleD/TotalRevenuePerForm9900853933
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01842655
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0853651
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant012500
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients013
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0SCHOLARSHIPS
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: THE AGENCIES APPLY BY APPLICATION TO QUALIFY FOR GRANT MONEY THAT WILL BE RAISED DURING THE GRANT COUNTY COMBINED APPEAL CAMPAIGN (GCCA). ALONG WITH THE APPLICATION THEY HAVE TO SUBMIT A BUDGET ON HOW THEY PLAN TO SPEND THE GRANT MONEY AND GO THROUGH AN INTERVIEW PROCESS. ONCE THE AGENCIES HAVE MET ALL REQUIREMENTS AND THE GCCA HAS BEEN COMPLETED THE GCCA MAKES THEIR RECOMMENDATIONS TO THE FOUNDATION BOARD ON HOW THE FUNDS SHOULD BE ALLOCATED OUT TO THE AGENCIES. EACH AGENCY WILL RECEIVE A QUARTERLY INSTALLMENT STARTING IN JANUARY. AS A SMALL COMMUNITY, THE FOUNDATION KNOWS HOW THE FUNDS ARE BEING USED AND IF THEY ARE BEING USED PROPERLY. ALSO, AGENCIES THAT APPLY FOR FUNDS IN THE FOLLOWING YEAR MUST PROVIDE A BUDGET ON HOW THEY SPENT THE MONEY THE PREVIOUS YEAR AND TO GIVE A GENERAL RECAP ON HOW THE FUNDS WERE SPENT. MILBANK COMMUNITY FOUNDATION ACCEPTS SCHOLARSHIP APPLICATIONS FROM ELIGIBLE STUDENTS. THESE APPLICATIONS ARE REVIEWED BY A COMMITTEE AND RECIPIENTS ARE SELECTED. MILBANK COMMUNITY FOUNDATION MAKES PAYMENTS TO THE INDIVIDUAL AND RESPECTIVE SCHOOL JOINTLY. NO ADDITIONAL FOLLOW-UP IS MADE.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10301 SOUTH MAIN STREET
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine11303 SOUTH VIOLA STREET
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine124100 10TH AVENUE
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine13PO BOX 550
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine14PO BOX 406-511
IRS990ScheduleI/RecipientTable/AddressUS/City0MILBANK
IRS990ScheduleI/RecipientTable/AddressUS/City1MILBANK
IRS990ScheduleI/RecipientTable/AddressUS/City2MILBANK

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,969,398
Liabilities
$421,515
Net assets
$2,547,883
Revenue
-
Expenses
$1,869,989
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.21$0.79$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.19$1.24$0.80$0.74$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.25$1.17$1.00$0.85$1.85
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.23$0.21$3.02$0.78$0.85$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$0.20$3.05$0.85$0.91$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.19$3.15$0.82$0.84$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.27$3.05$0.91$0.87$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$0.28$3.00$1.01$0.80$0.21
2014Detailed filing. Detailed filing data is available for this year.$3.08$0.28$2.79$0.88$0.79$0.09
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$0.28$2.70$0.89$0.73$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.97$0.42$2.55$1.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.53$5.97$3.56$14.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$10.3$8.94$10.8