Civic Intelligence

New Ulm Area Foundation Inc.

990EZ • Fiscal year 2019 • EIN 46-4703262

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 08, 2020

PO Box 201New Ulm, MN 56073

(507) 354-3337

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.04x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

78th percentile

$2,200

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$109,150

No earlier filing loaded for comparison.

Net Assets

$104,920

No earlier filing loaded for comparison.

Liabilities

$4,230

No earlier filing loaded for comparison.

Revenue

$154,816

No earlier filing loaded for comparison.

Expenses

$49,896

No earlier filing loaded for comparison.

Net Income

$104,920

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$109,150
Liabilities$4,230
Net Assets$104,920

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$154,816
Expenses$49,896
Net Income$104,920
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 8, 2020
Return Version
2019v5.0
Gross Receipts
$154,816
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.

Program Services

DescriptionGrantsExpenses
IN 2019, THE FOUNDATION AWARDED 8 DIFFERENT GRANTS TO 7 DIFFERENT NEW ULM AREA NON-PROFITS OR GOVERNMENTAL ENTITIES TO ASSIST IN PROJECTS IN THE AREAS OF EDUCATION, HISTORICAL PRESERVATION, ECONOMIC DEVELOPMENT AND THE ARTS.$45,000$46,485
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN ILLIKMANExecutive DiPT$2,200-$2,200
RICK JENSENPresident-$0--
PATRICK HERZOGVice Preside-$0--
JENNA PETERSONSecretary/Tr-$0--
ERIC BODEDirector-$0--
JEFF BRAEGELMANNDirector-$0--
GENE CLARKDirector-$0--
MARY ELLEN DOMEIERDirector-$0--
SHARI FISCHERDirector-$0--
TOM HAYESDirector-$0--
SHANNON HILLESHEIMDirector-$0--
LAURI STARKDirector-$0--
KATHY VAN ROEKELDirector-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Rick Jensen
Title
President
Phone
5073543337
Signed
2020-11-08

Preparer

Firm
Roth Herzog & Associates Chtd
Address
201 N MINNESOTA ST, NEW ULM, MN 56073-1731
Preparer
Patrick J Herzog
Phone
5073547100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Cash contribution: 45,000

Form 990-ez, Part I, Line 16

Expenses 529 non-profit conference 50 recognition event 605 leave a legacy membership 115 chamber dues 233 other fees/registrations 321 grant supplies 81 telephone 16 total 1,950

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 375 fiscal agent holdings 0 3,855

Form 990-ez, Part III

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-ez, Part III, Line 28

In 2019, the foundation awarded 8 different grants to 7 different new ulm area non-profits or governmental entities to assist in projects in the areas of education, historical preservation, economic development and the arts.

Raw XML Appendix175 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
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IRS990ScheduleA/CommunityTrustInd0X
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ESTATE DISTRIBUTION 28,800 NEW EDUCATION FUND DONATION 51,585
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 45,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES 529 NON-PROFIT CONFERENCE 50 RECOGNITION EVENT 605 LEAVE A LEGACY MEMBERSHIP 115 CHAMBER DUES 233 OTHER FEES/REGISTRATIONS 321 GRANT SUPPLIES 81 TELEPHONE 16 TOTAL 1,950
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 375 FISCAL AGENT HOLDINGS 0 3,855
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN 2019, THE FOUNDATION AWARDED 8 DIFFERENT GRANTS TO 7 DIFFERENT NEW ULM AREA NON-PROFITS OR GOVERNMENTAL ENTITIES TO ASSIST IN PROJECTS IN THE AREAS OF EDUCATION, HISTORICAL PRESERVATION, ECONOMIC DEVELOPMENT AND THE ARTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK JENSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05073543337
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-08
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ReturnHeader/Filer/EIN0464703262
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ReturnHeader/FilingSecurityInformation/IPTm007:51:12
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411714128
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROTH HERZOG & ASSOCIATES CHTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 N MINNESOTA ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW ULM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0560731731
ReturnHeader/PreparerPersonGrp/PhoneNum05073547100
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK J HERZOG
ReturnHeader/ReturnTs02020-11-13T07:51:12-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-03-06
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings