Civic Intelligence

Cy'S Place

990 • Fiscal year 2015 • EIN 46-1721714

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 27, 2016

4221 1st Street NWRochester, MN 55901

(507) 226-8187

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

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

Liabilities / Revenue

42nd percentile

0.02x

Higher debt load relative to revenue than 42% of similar nonprofits.

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

Net Margin

96th percentile

72%

Higher net margin than 96% 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

100th percentile

3027%

Faster asset growth than 100% of similar nonprofits.

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

Revenue Growth

98th percentile

364%

Faster revenue growth than 98% of similar nonprofits.

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

Assets

Up

$585,992

Up $567,251 (+3027%) from 2014

Net Assets

Up

$584,069

Up $565,328 (+3017%) from 2014

Liabilities

Up

$1,923

Up $1,923 from 2014

Revenue

Up

$94,542

Up $74,168 (+364%) from 2014

Expenses

Down

$26,259

Down $7,371 (-22%) from 2014

Net Income

Up

$68,283

Up $81,539 (+615%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2013: $31,997Liabilities 2013: $0Net Assets 2013: $31,9972013Assets 2014: $18,741Liabilities 2014: $0Net Assets 2014: $18,7412014Assets 2015: $585,992Liabilities 2015: $1,923Net Assets 2015: $584,0692015Assets 2016: $641,238Liabilities 2016: $8,910Net Assets 2016: $632,3282016Assets 2017: $666,006Liabilities 2017: $2,376Net Assets 2017: $663,6302017Assets 2018: $708,468Liabilities 2018: $628Net Assets 2018: $707,8402018Assets 2019: $766,717Liabilities 2019: $1,339Net Assets 2019: $765,3782019Assets 2020: $785,693Liabilities 2020: $31Net Assets 2020: $785,6622020Assets 2021: $826,159Liabilities 2021: $1,461Net Assets 2021: $824,6982021Assets 2022: $851,110Liabilities 2022: $1,709Net Assets 2022: $849,4012022Assets 2023: $885,491Liabilities 2023: $4,789Net Assets 2023: $880,7022023Assets 2024: $909,088Liabilities 2024: $34Net Assets 2024: $909,0542024

Highlighted filing

2015

Assets$585,992
Liabilities$1,923
Net Assets$584,069

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $523,895Expenses 2013: $491,898Net Income 2013: $31,9972013Revenue 2014: $20,374Expenses 2014: $33,630Net Income 2014: -$13,2562014Revenue 2015: $94,542Expenses 2015: $26,259Net Income 2015: $68,2832015Revenue 2016: $72,789Expenses 2016: $24,530Net Income 2016: $48,2592016Revenue 2017: $75,193Expenses 2017: $43,891Net Income 2017: $31,3022017Revenue 2018: $57,923Expenses 2018: $16,062Net Income 2018: $41,8612018Revenue 2019: $78,398Expenses 2019: $20,275Net Income 2019: $58,1232019Revenue 2020: $36,451Expenses 2020: $16,167Net Income 2020: $20,2842020Revenue 2021: $55,433Expenses 2021: $16,397Net Income 2021: $39,0362021Revenue 2022: $40,052Expenses 2022: $15,349Net Income 2022: $24,7032022Revenue 2023: $50,244Expenses 2023: $18,943Net Income 2023: $31,3012023Revenue 2024: $50,464Expenses 2024: $22,112Net Income 2024: $28,3522024

Highlighted filing

2015

Revenue$94,542
Expenses$26,259
Net Income$68,283
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 27, 2016
Return Version
2015v2.1
Gross Receipts
$94,542
Mission and Program Overview

Mission

To create and maintain a quiet, welcoming, home-away-from-home setting for mayo clinic patients and their families with a preference given to pediatric patients who are immunocompromised.

Maintain a home-away-from-home setting, primarily for pediatric patients who are immunocompromised.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$501,185▲ $501,185
Savings and Temporary Cash Investments$3,072$42,299▲ $39,227
Cash and Non-Interest-Bearing Accounts$15,669$42,008▲ $26,339
Prepaid Expenses and Deferred Charges-$500-
Total Assets$18,741$585,992▲ $567,251
Liabilities
Accounts Payable and Accrued Expenses-$1,923-
Total Liabilities$0$1,923▲ $1,923
Net Assets / Fund Balance
Unrestricted Net Assets$18,741$582,394▲ $563,653
Temporarily Rstr Net Assets-$1,675-
Total Net Assets Fund Balance$18,741$584,069▲ $565,328
Total Liabilities and Net Assets / Fund Balance$18,741$585,992▲ $567,251

Asset Categories

AssetBook ValueDepreciationBasis
Land$447,189-$447,189
Other Land Buildings$50,280-$50,280
Leasehold Improvements$2,625$2,395$5,020
Equipment$1,091$996$2,087
Compensation and Service Providers

Board Members and Trustees

NameTitle
Randy EricksonPresident
Grant MichaletzVice President
Harvey EricksonVice President
David RindenDirector
Ethan ChristoffersonDirector
Judy PearceDirector
Ken CharpentierDirector
Sandy CharpentierDirector
Shakila KhanDirector
Ree EricksonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$94,507
Program Service Revenue
$20
Investment Income
$0
Other Revenue
$15
All Other Contributions
$94,507
Change in Net Assets
$68,283

Audited Revenue Reconciliation

Revenue per Audited Statements
$94,542
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$94,542
Total Revenue per Form 990
$94,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,259
Total Fundraising Expense$4,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$6,000--$6,000
Advertising$5,905--$5,905
Fees for Services Accounting-$1,770-$1,770
Depreciation Depletion$1,385--$1,385
Office Expenses$155$872-$1,027
Other Expenses$947$1,411$4,501$947
Travel$717--$717
Conferences and Meetings$70--$70
Total Functional Expenses$17,111$4,647$4,501$26,259

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,259
Total Expenses per Audited Statements$26,259
Total Expenses per Form 990$26,259
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
No
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 A, Line 2

There is a family relationship between randy erickson and ree erickson. There is a family relationship between ree erickson and ethan christofferson. There is a family relationship between ken chapentier and sandy charpentier.

Form 990, Part VI, Section B, Line 11

The form 990 was reviewed and approved by cy's place's board of directors before it is submitted.

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

The organization's conflict of interest policy applies to all officers and board members. Before considering a transaction with a conflict, the material facts must be fully disclosed to the board. The interested individual is not allowed to vote on the matter.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
CY'S PLACE
EIN
46-1721714
Phone
5072268187
Address
4221 1ST STREET NW, ROCHESTER, MN 55901

Signing Officer

Name
Randy Erickson
Title
President
Phone
5072268187
Signed
2016-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Erickson
Formed
2012
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
250

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Kurt Bennion
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

During 2015, the organization changed from the cash basis to the accrual basis of accounting.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under sections 501(c)(3) of the internal revenue code, thus there is no provision for income taxes at december 31, 2015. The organization evaluated its tax positions and determined it has no uncertain tax positions as of december 31, 2015.

Raw XML AppendixShowing 400 of 403 raw XML fields

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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IRS990ScheduleA/PublicSupportTotal170Amt0184109
IRS990ScheduleA/SubstantialContributorsTotAmt0454047
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt094507
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020155
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0523494
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0638156
IRS990ScheduleA/TotalSupportAmt0638181
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/EquipmentGrp/BookValueAmt01091
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0996
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02087
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt026259
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0447189
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0447189
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02625
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02395
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05020
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt050280
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt050280
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt094542
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE, THUS THERE IS NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2015. THE ORGANIZATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0501185
IRS990ScheduleD/TotalExpensesPerForm990Amt026259
IRS990ScheduleD/TotalRevenuePerForm990Amt094542
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt094542
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026259
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS A FAMILY RELATIONSHIP BETWEEN RANDY ERICKSON AND REE ERICKSON. THERE IS A FAMILY RELATIONSHIP BETWEEN REE ERICKSON AND ETHAN CHRISTOFFERSON. THERE IS A FAMILY RELATIONSHIP BETWEEN KEN CHAPENTIER AND SANDY CHARPENTIER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS REVIEWED AND APPROVED BY CY'S PLACE'S BOARD OF DIRECTORS BEFORE IT IS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS AND BOARD MEMBERS. BEFORE CONSIDERING A TRANSACTION WITH A CONFLICT, THE MATERIAL FACTS MUST BE FULLY DISCLOSED TO THE BOARD. THE INTERESTED INDIVIDUAL IS NOT ALLOWED TO VOTE ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DURING 2015, THE ORGANIZATION CHANGED FROM THE CASH BASIS TO THE ACCRUAL BASIS OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 1:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01675
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018741
IRS990/TotalAssetsEOYAmt0585992
IRS990/TotalAssetsGrp/BOYAmt018741
IRS990/TotalAssetsGrp/EOYAmt0585992
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt094507
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04501
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04647
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt017111
IRS990/TotalFunctionalExpensesGrp/TotalAmt026259
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt01923
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01923
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018741
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0584069
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt017111
IRS990/TotalProgramServiceRevenueAmt020
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt094542
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0250
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018741
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0585992
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0717
IRS990/TravelGrp/TotalAmt0717
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt018741
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0582394
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04221 1ST STREET NW
IRS990/USAddress/CityNm0ROCHESTER
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055901
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.CYSPLACE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDY ERICKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05072268187
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CY'S PLACE
ReturnHeader/Filer/BusinessNameControlTxt0CYSP
ReturnHeader/Filer/EIN0461721714
ReturnHeader/Filer/PhoneNum05072268187
ReturnHeader/Filer/USAddress/AddressLine1Txt04221 1ST STREET NW
ReturnHeader/Filer/USAddress/CityNm0ROCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055901
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 SOUTH SIXTH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KURT BENNION
ReturnHeader/ReturnTs02016-11-15T11:36:34-06:00
ReturnHeader/ReturnTypeCd0990

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