Civic Intelligence

Park Press Inc.

990 • Fiscal year 2019 • EIN 51-0178125

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 15, 2020

PO Box 8126St Paul, MN 55108

(651) 214-6526

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

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

Liabilities / Revenue

57th percentile

0.00x

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

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

Net Margin

30th percentile

-4.9%

Higher net margin than 30% of similar nonprofits.

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

Top Officer Pay

86th percentile

$26,016

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 16.1% of source-year revenue.

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

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

-2.6%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$63,937

Down $7,961 (-11%) from 2018

Net Assets

Down

$63,937

Down $7,961 (-11%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$161,491

Down $4,243 (-2.6%) from 2018

Expenses

Down

$169,452

Down $7,122 (-4.0%) from 2018

Net Income

Up

-$7,961

Up $2,879 (+27%) from 2018

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2010: $50,287Liabilities 2010: $3,415Net Assets 2010: $46,8722010Assets 2011: $54,672Liabilities 2011: $492Net Assets 2011: $54,1802011Assets 2012: $61,536Liabilities 2012: $0Net Assets 2012: $61,5362012Assets 2013: $66,766Liabilities 2013: $0Net Assets 2013: $66,7662013Assets 2014: $64,299Liabilities 2014: $138Net Assets 2014: $64,1612014Assets 2015: $68,712Liabilities 2015: $0Net Assets 2015: $68,7122015Assets 2016: $82,717Liabilities 2016: $205Net Assets 2016: $82,5122016Assets 2017: $82,738Liabilities 2017: $0Net Assets 2017: $82,7382017Assets 2018: $71,898Liabilities 2018: $0Net Assets 2018: $71,8982018Assets 2019: $63,937Liabilities 2019: $0Net Assets 2019: $63,9372019Assets 2020: $70,580Liabilities 2020: $11,835Net Assets 2020: $58,7452020Assets 2021: $94,796Liabilities 2021: $430Net Assets 2021: $94,3662021Assets 2022: $119,333Liabilities 2022: $875Net Assets 2022: $118,4582022Assets 2023: $111,266Liabilities 2023: $826Net Assets 2023: $110,4402023Assets 2024: $92,526Liabilities 2024: $4,310Net Assets 2024: $88,2162024

Highlighted filing

2019

Assets$63,937
Liabilities$0
Net Assets$63,937

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $156,3832010Expenses 2011: $162,9582011Expenses 2012: $154,9462012Revenue 2013: $165,226Expenses 2013: $159,996Net Income 2013: $5,2302013Revenue 2014: $168,015Expenses 2014: $170,620Net Income 2014: -$2,6052014Revenue 2015: $163,476Expenses 2015: $158,925Net Income 2015: $4,5512015Revenue 2016: $182,564Expenses 2016: $168,764Net Income 2016: $13,8002016Revenue 2017: $171,989Expenses 2017: $171,763Net Income 2017: $2262017Revenue 2018: $165,734Expenses 2018: $176,574Net Income 2018: -$10,8402018Revenue 2019: $161,491Expenses 2019: $169,452Net Income 2019: -$7,9612019Revenue 2020: $152,671Expenses 2020: $157,863Net Income 2020: -$5,1922020Revenue 2021: $194,672Expenses 2021: $159,051Net Income 2021: $35,6212021Revenue 2022: $206,418Expenses 2022: $182,326Net Income 2022: $24,0922022Revenue 2023: $198,202Expenses 2023: $206,220Net Income 2023: -$8,0182023Revenue 2024: $211,137Expenses 2024: $233,361Net Income 2024: -$22,2242024

Highlighted filing

2019

Revenue$161,491
Expenses$169,452
Net Income-$7,961
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 15, 2020
Return Version
2018v3.1
Gross Receipts
$161,491
Mission and Program Overview

Mission

To publish a neighborhood newspaper to report & analyze local news, promote the exchange of ideas, educate the community, provide a forum for discussion, & enhance the sense of community & community problem-solving.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$47,130$37,697▼ $9,433
Savings and Temporary Cash Investments$19,090$19,101▲ $11
Accounts Receivable$3,736$5,502▲ $1,766
Prepaid Expenses and Deferred Charges$1,942$1,637▼ $305
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$71,898$63,937▼ $7,961
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$71,898$63,937▼ $7,961
Total Net Assets Fund Balance$71,898$63,937▼ $7,961
Total Liabilities and Net Assets / Fund Balance$71,898$63,937▼ $7,961

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$27,970$27,970
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kristal LeebrickEditorPT$26,016$26,016
Scott CarlsonEditorPT$8,020$8,020

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$51,871
Program Service Revenue
$109,609
Investment Income
$11
Other Revenue
$0
All Other Contributions
$51,871
Change in Net Assets
$-7,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,446
Salaries, Compensation, and Employee Benefits$75,006
Total Fundraising Expense$5,515
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$36,735--$36,735
Current Officers, Directors, Trustees, and Key Employees$32,690--$32,690
Fees for Services Other$32,493--$32,493
Advertising-$75$5,515$5,590
Payroll Taxes$5,581--$5,581
Information Technology-$3,528-$3,528
Office Expenses-$2,215-$2,215
Fees for Services Accounting-$1,991-$1,991
Insurance-$899-$899
Travel-$352-$352
Other Expenses$305$492-$305
Total Functional Expenses$154,385$9,552$5,515$169,452
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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, Line 6: Explanation of Classes of Members or Shareholder

Bylaws article i section i: a member shall be any person who resides in the distribution area of the park bugle

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the 990 will be reviewed & approved by the finance committee prior to filing. The board will receive a complete filing copy of the 990 for their review.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflict of interest statements are completed annually by officers, employees & board members. Board members, staff & volunteers are encouraged to disclose conflicts when they arise.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The personnel committee does due diligence on compensation & presents their recommendation to the board. The board then votes & the result is recorded in the board minutes.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies & financial statements are made available for public inspection upon request to the organization.

Filing and Contact Details

Filer

Filer Name
Park Press Inc
EIN
51-0178125
Phone
6512146526
Address
PO BOX 8126, ST PAUL, MN 55108

Signing Officer

Name
Elizabeth Danielson
Title
Treasurer
Signed
2020-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beth Magistad
Formed
1975
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
4
Volunteers
14

Preparer

Firm
Petersen Professionals PC
Address
4915 West 35th St Suite 201, St Louis Park, MN 55416
Preparer
Stacey R Petersen CPA
Phone
9527673212
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt011
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt027970
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt027970
IRS990/LegalDomicileStateCd0MN
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PUBLISH A NEIGHBORHOOD NEWSPAPER TO REPORT & ANALYZE LOCAL NEWS, PROMOTE THE EXCHANGE OF IDEAS, EDUCATE THE COMMUNITY, PROVIDE A FORUM FOR DISCUSSION, & ENHANCE THE SENSE OF COMMUNITY & COMMUNITY PROBLEM-SOLVING.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt071898
IRS990/NetAssetsOrFundBalancesEOYAmt063937
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02215
IRS990/OfficeExpensesGrp/TotalAmt02215
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0DISTRIBUTION
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0492
IRS990/OtherExpensesGrp/ProgramServicesAmt023299
IRS990/OtherExpensesGrp/ProgramServicesAmt123282
IRS990/OtherExpensesGrp/ProgramServicesAmt2305
IRS990/OtherExpensesGrp/TotalAmt023299
IRS990/OtherExpensesGrp/TotalAmt123282
IRS990/OtherExpensesGrp/TotalAmt2492
IRS990/OtherExpensesGrp/TotalAmt3305
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt036735
IRS990/OtherSalariesAndWagesGrp/TotalAmt036735
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt05581
IRS990/PayrollTaxesGrp/TotalAmt05581
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01942
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01637
IRS990/PrincipalOfficerNm0BETH MAGISTAD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541800
IRS990/ProgramServiceRevenueGrp/BusinessCd1511130
IRS990/ProgramServiceRevenueGrp/BusinessCd2511110
IRS990/ProgramServiceRevenueGrp/BusinessCd3541800
IRS990/ProgramServiceRevenueGrp/Desc0ADVERTISING
IRS990/ProgramServiceRevenueGrp/Desc1BOOK SALES
IRS990/ProgramServiceRevenueGrp/Desc2SUBSCRIPTIONS
IRS990/ProgramServiceRevenueGrp/Desc3WEB SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0776
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1175
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0630
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0108028
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1776
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2630
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3175
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0108028
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt046341
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0101523
IRS990/PYOtherRevenueAmt0537
IRS990/PYProgramServiceRevenueAmt0118852
IRS990/PYRevenuesLessExpensesAmt0-10840
IRS990/PYSalariesCompEmpBnftPaidAmt075051
IRS990/PYTotalExpensesAmt0176574
IRS990/PYTotalRevenueAmt0165734
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-7961
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0109609
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt019090
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019101
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt051871
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt046341
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt042362
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt042712
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt042272
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0225558
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt027
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0108658
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0116640
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0128420
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0139308
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0120955
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0613981
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0951
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt02212
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt01203
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0540
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0245
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt05151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.93$0.04$0.88$2.11$2.33$0.22
2023Detailed filing. Detailed filing data is available for this year.$1.11$0.01$1.10$1.98$2.06$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.19$0.01$1.18$2.06$1.82$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.94$1.95$1.59$0.36
2020Detailed filing. Detailed filing data is available for this year.$0.71$0.12$0.59$1.53$1.58$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$1.61$1.69$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$1.66$1.77$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$1.72$1.72$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$1.83$1.69$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$1.63$1.59$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$1.68$1.71$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.00$0.67$1.65$1.60$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.00$0.62$1.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.00$0.54$1.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.03$0.47$1.56