Civic Intelligence

New Ulm Area Foundation Inc

EIN 46-4703262 • 501(c)3 • New Ulm, MN

Profile

The mission of new ulm area foundation is to address the needs of the community by growing the endowments funds and providing financial grants from the earnings of those funds. The foundation focuses its grant funding in the areas of the arts, education, economic development and historic preservation.

PO Box 201New Ulm, MN 56073

newulmareafoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

46th percentile

4.9%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$3,463,011

Up $353,190 (+11%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$3,463,011

Up $353,190 (+11%) from 2023

Revenue

Up

$511,975

Up $196,936 (+63%) from 2023

Expenses

Up

$340,845

Up $79,607 (+30%) from 2023

Net Income

Up

$171,130

Up $117,329 (+218%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $109,150Liabilities 2019: $4,230Net Assets 2019: $104,9202019Assets 2020: $444,869Liabilities 2020: $2,204Net Assets 2020: $442,6652020Assets 2021: $825,646Liabilities 2021: $993Net Assets 2021: $824,6532021Assets 2022: $2,700,111Liabilities 2022: $435Net Assets 2022: $2,699,6762022Assets 2023: $3,109,821Liabilities 2023: $0Net Assets 2023: $3,109,8212023Assets 2024: $3,463,011Liabilities 2024: $0Net Assets 2024: $3,463,0112024

Highlighted filing

2024

Assets$3,463,011
Liabilities$0
Net Assets$3,463,011

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2019: $154,816Expenses 2019: $49,896Net Income 2019: $104,9202019Revenue 2020: $435,839Expenses 2020: $98,094Net Income 2020: $337,7452020Revenue 2021: $534,371Expenses 2021: $170,772Net Income 2021: $363,5992021Revenue 2022: $2,407,935Expenses 2022: $195,668Net Income 2022: $2,212,2672022Revenue 2023: $315,039Expenses 2023: $261,238Net Income 2023: $53,8012023Revenue 2024: $511,975Expenses 2024: $340,845Net Income 2024: $171,1302024

Highlighted filing

2024

Revenue$511,975
Expenses$340,845
Net Income$171,130

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 15, 2025
Return Version
2024v5.0
Gross Receipts
$511,975
Mission and Program Overview

Mission

The mission of new ulm area foundation is to address the needs of the community by growing the endowments funds and providing financial grants from the earnings of those funds. The foundation focuses its grant funding in the areas of the arts, education, economic development and historic preservation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$2,769,539$3,129,113▲ $359,574
Investments in Publicly Traded Securities$282,817$289,209▲ $6,392
Cash and Non-Interest-Bearing Accounts$31,820$39,953▲ $8,133
Savings and Temporary Cash Investments$25,645$4,736▼ $20,909
Total Assets$3,109,821$3,463,011▲ $353,190
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,109,821$3,463,011▲ $353,190
Total Net Assets Fund Balance$3,109,821$3,463,011▲ $353,190
Total Liabilities and Net Assets / Fund Balance$3,109,821$3,463,011▲ $353,190

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$11,282--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,097,758$73,485▲ $255,266-$2,319,785
2023$1,872,124$26,000▲ $309,963-$2,097,758
2022$245,202$1,942,786▼ $232,879-$1,872,124
2021$161,000$71,049▲ $13,153-$245,202
2020-$161,000--$161,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathy Van RoekelPresident/di
Bob WebbDirector
Carisa BueglerDirector
Colleen SkillingsDirector
Dustan CrossDirector
Gene ClarkDirector
Lisa BesemerDirector
Mike LiebDirector
Shari FischerDirector
Zach JensenDirector
Jenna PetersonSecretary/tr
Shannon HillesheimVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$322,091
Program Service Revenue
$55
Investment Income
$189,829
Other Revenue
$0
All Other Contributions
$322,091
Change in Net Assets
$171,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$511,975
Revenue Not Reported on Form 990
$205,910
Total Revenue per Audited Statements
$717,885
Total Revenue per Form 990
$511,975
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$277,388
Other Expenses$33,360
Salaries, Compensation, and Employee Benefits$30,097
Total Fundraising Expense$15,199
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$163,493--$163,493
Grants to Domestic Orgs$113,895--$113,895
Other Salaries and Wages$8,186$7,946$7,946$24,078
Fees for Service Investment Mgmnt Fees-$17,935-$17,935
Payroll Taxes$2,047$1,986$1,986$6,019
Office Expenses$1,087$1,055$1,055$3,197
Fees for Services Accounting-$1,795-$1,795
Occupancy$1,665--$1,665
Insurance$390$650$379$1,419
Other Expenses$145$140$140$425
Information Technology$48$46$46$140
All Other Expenses$24$59$23$106
Total Functional Expenses$292,529$33,117$15,199$340,845

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$364,695
Expenses per Audited Statements$340,845
Total Expenses per Form 990$340,845
Expenses Not Reported on Form 990$23,850
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Various New Ulm Area Non-profitsNew Ulm, MN3See Mission Stmt$58,900
New Ulm Ministerial AssocNew Ulm, MN3Program Service$20,000
New Ulm Chamber of Comm FdnNew Ulm, MNGovProgram Service$15,000
Isd 88New Ulm, MN3Program Service$10,000
Lind House Association--Program Service$9,995
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
Backup withholding compliance
No
Business relationship with 35% controlled entity
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, Page 6, Part VI, Line 11B

The tax return is brought before the entire board for review and approval prior to filing.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
New Ulm Area Foundation Inc
EIN
46-4703262
Phone
5073543337
Address
PO BOX 201, NEW ULM, MN 56073

Signing Officer

Name
Jenna Peterson
Title
Secretary/treasurer
Phone
5073543337
Signed
2025-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Van Roekel
Formed
2019
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
14

Preparer

Firm
Carlsonsv Llp
Address
301 KELLER AVE S, AMERY, WI 54001-1283
Preparer
Dirk a Prindle CPA
Phone
7159544995
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of new ulm area foundation is to address the needs of the community by growing the endowments funds and providing financial grants from the earnings of those funds. The foundation focuses its grant funding in the areas of the arts, education, economic development and historic preservation.

Form 990, Part XI, Line 9

Program service fees 23,850 program service fees -23,850

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Grants are made from the funds under similar procedures and for similar purposes as the organization's mission statement and other non- endowment grants.

Schedule D, Page 4, Part XI, Line 2D

Program service fees 23,850

Schedule D, Page 4, Part XII, Line 2D

Program service fees 23,850

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IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01986
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01986
IRS990/PayrollTaxesGrp/ProgramServicesAmt02047
IRS990/PayrollTaxesGrp/TotalAmt06019
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KATHY VAN ROEKEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt055
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0254476
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0211728
IRS990/PYInvestmentIncomeAmt060540
IRS990/PYOtherExpensesAmt026728
IRS990/PYProgramServiceRevenueAmt023
IRS990/PYRevenuesLessExpensesAmt053801
IRS990/PYSalariesCompEmpBnftPaidAmt022782
IRS990/PYTotalExpensesAmt0261238
IRS990/PYTotalRevenueAmt0315039
IRS990/ReconcilationRevenueExpnssAmt0171130
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt055
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025645
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04736
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0NEW EDUCATION FUND DONATION 150,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0172091
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0104060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0100512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0188606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0134128
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0699397
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt088356
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt070552
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt044819
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07508
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0619
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0211854
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0318
IRS990ScheduleA/PublicSupportCY170Pct00.56570
IRS990ScheduleA/PublicSupportPY170Pct00.66400
IRS990ScheduleA/PublicSupportTotal170Amt0515524
IRS990ScheduleA/SubstantialContributorsTotAmt0183873
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0172091
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0104060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0100512
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0188606
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0134128
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0699397
IRS990ScheduleA/TotalSupportAmt0911251
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt025279
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02097758
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt073485
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02319785
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt080445
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0255266
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt026824
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01872124
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt026000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02097758
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt083505
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0309963
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt019358
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0245202
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01942786
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01872124
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt063627
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-232879
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0161000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt071049
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0245202
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013153
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0161000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0161000
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt011150
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt011282
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt023850
IRS990ScheduleD/ExpensesSubtotalAmt0340845
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02319785
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1798046
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt211282
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0FRANDSEN BANK & TRUST ENDOWMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1FRANDSEN BANK & TRUST - DESIGNATED
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2FRANDSEN BANK & TRUST DAF
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2F
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0182060
IRS990ScheduleD/OtherExpensesIncludedAmt023850
IRS990ScheduleD/OtherRevenueAmt023850
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0205910
IRS990ScheduleD/RevenueSubtotalAmt0511975
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE MADE FROM THE FUNDS UNDER SIMILAR PROCEDURES AND FOR SIMILAR PURPOSES AS THE ORGANIZATION'S MISSION STATEMENT AND OTHER NON- ENDOWMENT GRANTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PROGRAM SERVICE FEES 23,850
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PROGRAM SERVICE FEES 23,850
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueProgramRltdAmt03129113
IRS990ScheduleD/TotalExpensesPerForm990Amt0340845
IRS990ScheduleD/TotalRevenuePerForm990Amt0511975
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0717885
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0364695
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0163493
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt042
IRS990ScheduleI/RecipientTable/CashGrantAmt058900
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt320000
IRS990ScheduleI/RecipientTable/CashGrantAmt49995
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/IRCSectionDesc1GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc23
IRS990ScheduleI/RecipientTable/IRCSectionDesc33
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SEE MISSION STMT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROGRAM SERVICE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2PROGRAM SERVICE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3PROGRAM SERVICE

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