Civic Intelligence

Minot Park District Foundation

990 • Fiscal year 2020 • EIN 47-0792436

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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.

2020 filings • NTEE N • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

30th percentile

0.00x

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

2020 filings • NTEE N • $500k-$1M nonprofits • Source year 2020

Net Margin

3rd percentile

-177%

Higher net margin than 3% of similar nonprofits.

2020 filings • NTEE N • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

96th percentile

$131,352

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 81.8% of source-year revenue.

2020 filings • NTEE N • $500k-$1M nonprofits • Source year 2020

Asset Growth

8th percentile

-28%

Faster asset growth than 8% of similar nonprofits.

2020 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-46%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$728,814

Down $284,458 (-28%) from 2019

Net Assets

Down

$728,814

Down $284,458 (-28%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$160,558

Down $135,102 (-46%) from 2019

Expenses

Up

$445,016

Up $314,834 (+242%) from 2019

Net Income

Down

-$284,458

Down $449,936 (-272%) from 2019

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 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

2020

Assets$728,814
Liabilities$0
Net Assets$728,814

Operations Trend

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

2020

Revenue$160,558
Expenses$445,016
Net Income-$284,458
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$160,558
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$756,680$662,671▼ $94,009
Cash and Non-Interest-Bearing Accounts$256,592$66,143▼ $190,449
Total Assets$1,013,272$728,814▼ $284,458
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,013,272$728,814▼ $284,458
Total Net Assets Fund Balance$1,013,272$728,814▼ $284,458
Total Liabilities and Net Assets / Fund Balance$1,013,272$728,814▼ $284,458

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$285,126--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Ron MerrittDirectorFT$131,352$131,352
Chuck EmeryCommissioner-$3,600$3,600
Cliff HovdaCommissioner-$3,600$3,600
Ken KitzmanCommissioner-$3,600$3,600
Mike SchmittVice President-$3,600$3,600
Perry OlsonPresident-$3,600$3,600

Highest Paid Contractors

ContractorServicesLocationCompensation
Nevco Sports LLCConstruction Of Scoreboard301 E HARRIS AVE, Greenville, IL 62246$184,899
Revenue and Support

Revenue Composition

Contributions and Grants
$128,237
Program Service Revenue
$0
Investment Income
$32,321
Other Revenue
$0
All Other Contributions
$128,237
Change in Net Assets
$-284,458
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$440,667
Other Expenses$4,349
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$440,667--$440,667
Fees for Service Investment Mgmnt Fees-$4,349-$4,349
Total Functional Expenses$440,667$4,349$0$445,016
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Minot Park DistrictMinot, ND501(c)(3)Support for Park Projects$440,667
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 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
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
Perry Olson
Title
President
Phone
7018574136
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Perry Olson
Formed
1994
Legal Domicile
Nd
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

Part XII, Line 2C Explanation

The process for selecting an independent accountant has not changed from prior years.

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 Appendix386 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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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.
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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
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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/ExplanationTxt3THE PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2C EXPLANATION
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF MINOT PARK DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0456002127
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PARK MTC & DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0420 3RD AVE SW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MINOT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd058701
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0440667
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt10
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1NOT VALUED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CITY OF MINOT PARK DISTRICT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CITY OF MINOT PARK DISTRICT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1N
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01013272
IRS990/TotalAssetsEOYAmt0728814
IRS990/TotalAssetsGrp/BOYAmt01013272
IRS990/TotalAssetsGrp/EOYAmt0728814
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0128237
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04349
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0440667
IRS990/TotalFunctionalExpensesGrp/TotalAmt0445016
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01013272
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0728814
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0440667
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt032321
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0160558
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01013272
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0728814
IRS990/TotReportableCompRltdOrgAmt0149352
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0420 3RD AVE SW
IRS990/USAddress/CityNm0MINOT
IRS990/USAddress/StateAbbreviationCd0ND
IRS990/USAddress/ZIPCd058701
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://MINOTPARKS.COM/FOUNDATION/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PERRY OLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07018574136
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINOT PARK DISTRICT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MINO
ReturnHeader/Filer/EIN0470792436
ReturnHeader/Filer/PhoneNum07018574136
ReturnHeader/Filer/USAddress/AddressLine1Txt0420 3RD AVE SW
ReturnHeader/Filer/USAddress/CityNm0MINOT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450310328
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADY MARTZ & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 848
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINOT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0587020848
ReturnHeader/PreparerPersonGrp/PhoneNum07018520196
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEGAN AWALT CPA
ReturnHeader/ReturnTs02021-11-15T13:07:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PERRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OLSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

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