Civic Intelligence

Minot Park District Foundation

990 • Fiscal year 2017 • EIN 47-0792436

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 30, 2018

Organization ProfileMINOTPARKS.COM/FOUNDATION
420 3rd Ave SWMinot, ND 58701

(701) 857-4136

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

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

2017 filings • NTEE N • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

30th percentile

0.00x

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

2017 filings • NTEE N • $500k-$1M nonprofits • Source year 2017

Net Margin

8th percentile

-17%

Higher net margin than 8% of similar nonprofits.

2017 filings • NTEE N • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$3,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2017 filings • NTEE N • $500k-$1M nonprofits • Source year 2017

Asset Growth

13th percentile

-12%

Faster asset growth than 13% of similar nonprofits.

2017 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-92%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$787,706

Down $106,594 (-12%) from 2016

Net Assets

Down

$787,706

Down $106,594 (-12%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin8th percentile

Revenue

Down

$628,111

Down $7,552,224 (-92%) from 2016

Expenses

Down

$734,705

Down $9,061,861 (-93%) from 2016

Net Income

Up

-$106,594

Up $1,509,637 (+93%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $672,942Liabilities 2010: $0Net Assets 2010: $672,9422010Assets 2011: $1,197,884Liabilities 2011: $0Net Assets 2011: $1,197,8842011Assets 2012: $1,839,865Liabilities 2012: $0Net Assets 2012: $1,839,8652012Assets 2013: $1,590,069Liabilities 2013: $0Net Assets 2013: $1,590,0692013Assets 2014: $974,175Liabilities 2014: $0Net Assets 2014: $974,1752014Assets 2015: $2,510,531Liabilities 2015: $0Net Assets 2015: $2,510,5312015Assets 2016: $894,300Liabilities 2016: $0Net Assets 2016: $894,3002016Assets 2017: $787,706Liabilities 2017: $0Net Assets 2017: $787,7062017Assets 2018: $847,794Liabilities 2018: $0Net Assets 2018: $847,7942018Assets 2019: $1,013,272Liabilities 2019: $0Net Assets 2019: $1,013,2722019Assets 2020: $728,814Liabilities 2020: $0Net Assets 2020: $728,8142020Assets 2021: $1,171,678Liabilities 2021: $0Net Assets 2021: $1,171,6782021Assets 2022: $1,124,055Liabilities 2022: $10,873Net Assets 2022: $1,113,1822022Assets 2023: $3,952,223Liabilities 2023: $114,220Net Assets 2023: $3,838,0032023Assets 2024: $2,868,079Liabilities 2024: $426,119Net Assets 2024: $2,441,9602024

Highlighted filing

2017

Assets$787,706
Liabilities$0
Net Assets$787,706
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $345,1962010Expenses 2011: $150,1932011Expenses 2012: $305,6282012Revenue 2013: $550,489Expenses 2013: $800,285Net Income 2013: -$249,7962013Revenue 2014: $883,753Expenses 2014: $1,499,647Net Income 2014: -$615,8942014Revenue 2015: $4,197,963Expenses 2015: $2,661,607Net Income 2015: $1,536,3562015Revenue 2016: $8,180,335Expenses 2016: $9,796,566Net Income 2016: -$1,616,2312016Revenue 2017: $628,111Expenses 2017: $734,705Net Income 2017: -$106,5942017Revenue 2018: $744,209Expenses 2018: $712,378Net Income 2018: $31,8312018Revenue 2019: $295,660Expenses 2019: $130,182Net Income 2019: $165,4782019Revenue 2020: $160,558Expenses 2020: $445,016Net Income 2020: -$284,4582020Revenue 2021: $434,278Expenses 2021: $109,591Net Income 2021: $324,6872021Revenue 2022: $421,685Expenses 2022: $323,991Net Income 2022: $97,6942022Revenue 2023: $3,269,397Expenses 2023: $641,673Net Income 2023: $2,627,7242023Revenue 2024: $606,616Expenses 2024: $2,086,665Net Income 2024: -$1,480,0492024

Highlighted filing

2017

Revenue$628,111
Expenses$734,705
Net Income-$106,594
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 30, 2018
Return Version
2017v2.3
Gross Receipts
$628,111
Mission and Program Overview

Mission

Promoting, developing, and advancing support for the city of minot park district

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$548,147$769,618▲ $221,471
Cash and Non-Interest-Bearing Accounts$346,153$18,088▼ $328,065
Total Assets$894,300$787,706▼ $106,594
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$894,300$787,706▼ $106,594
Total Net Assets Fund Balance$894,300$787,706▼ $106,594
Total Liabilities and Net Assets / Fund Balance$894,300$787,706▼ $106,594

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$424,448--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleOtherTotal
Charles EmeryDirector$3,000$3,000
Cliff HovdaPresident$3,000$3,000
John DradyDirector$3,000$3,000
Nancy BeckVice President$3,000$3,000
Steve WhartonDirector$3,000$3,000
Elly DeslauriersSecretary$2,400$2,400

Board Members and Trustees

NameTitle
Pete HanklaAttorney

Highest Paid Contractors

ContractorServicesLocationCompensation
Rolac ContractingMaysa Hockey Rink2730 30TH ST NW, Minot, ND 58703$342,586
Revenue and Support

Revenue Composition

Contributions and Grants
$598,528
Program Service Revenue
$0
Investment Income
$29,583
Other Revenue
$0
All Other Contributions
$598,528
Change in Net Assets
$-106,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$729,994
Other Expenses$4,711
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$729,994--$729,994
Fees for Service Investment Mgmnt Fees-$4,711-$4,711
Total Functional Expenses$729,994$4,711$0$734,705
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Minot Park DistrictMinot, ND501(c)(3)Support for Park Projects$729,994
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
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The minot park district foundation currently does not have any individual committees that are separate from its governing body.”

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 is provided to all members of its governing body before filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Minot Park District Foundation
EIN
47-0792436
Phone
7018574136
Address
420 3RD AVE SW, MINOT, ND 58701

Signing Officer

Name
Cliff Hovda
Title
President
Phone
7018574136
Signed
2018-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cliff Hovda
Formed
1994
Legal Domicile
Nd
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Brady Martz & Associates Pc
Address
POST OFFICE BOX 848, MINOT, ND 58702-0848
Preparer
Megan Awalt CPA
Phone
7018520196
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“It is the opinion of management that the foundation has no significant uncertain tax positions that would be subject to change upon examination. The federal income tax returns of the foundation are subject to examination by the irs, generally for three years after they were filed. All required filing with tax authorities are up to date.”

Raw XML Appendix380 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5ATTORNEY
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE OPINION OF MANAGEMENT THAT THE FOUNDATION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE FOUNDATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ALL REQUIRED FILING WITH TAX AUTHORITIES ARE UP TO DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT FOR PARK PROJECTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF MINOT PARK DISTRICT
IRS990ScheduleI/RecipientTable/RecipientEIN0456002127
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0BOARD MONITORS PROPER SPENDING OF GRANT MONEY AND COMPLIANCE OF APPLICABLE GRANT PROVISIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MINOT PARK DISTRICT FOUNDATION CURRENTLY DOES NOT HAVE ANY INDIVIDUAL COMMITTEES THAT ARE SEPARATE FROM ITS GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS PROVIDED TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0729994
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CITY OF MINOT PARK DISTRICT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
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IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0787706
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0598528
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04711
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0729994
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IRS990/TotalLiabilitiesBOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0787706
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt029583
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalVolunteersCnt00
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IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07018574136
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-30
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.230.153.18
ReturnHeader/FilingSecurityInformation/IPDt02018-08-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:24:16
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450310328
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINOT
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ReturnHeader/PreparerPersonGrp/PhoneNum07018520196
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEGAN AWALT CPA
ReturnHeader/ReturnTs02018-10-18T13:35:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$787,706
Liabilities
$0
Net assets
$787,706
Revenue
$628,111
Expenses
$734,705
Net income
-$106,594
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$0.43$2.44$0.61$2.09$1.48
2023Detailed filing. Detailed filing data is available for this year.$3.95$0.11$3.84$3.27$0.64$2.63
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.01$1.11$0.42$0.32$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.43$0.11$0.32
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.16$0.45$0.28
2019Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.30$0.13$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.74$0.71$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.63$0.73$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$8.18$9.80$1.62
2015Summary only. Only limited summary data is available for this year.$2.51$0.00$2.51$4.20$2.66$1.54
2014Summary only. Only limited summary data is available for this year.$0.97$0.00$0.97$0.88$1.50$0.62
2013Summary only. Only limited summary data is available for this year.$1.59$0.00$1.59$0.55$0.80$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.00$1.84$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.00$1.20$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.00$0.67$0.35