Civic Intelligence

Park Press Inc.

990 • Fiscal year 2020 • EIN 51-0178125

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 24, 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

79th percentile

0.17x

Higher debt load relative to assets than 79% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.08x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

35th percentile

-3.4%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$31,245

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 20.5% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

58th percentile

10%

Faster asset growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

-5.5%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$70,580

Up $6,643 (+10%) from 2019

Net Assets

Down

$58,745

Down $5,192 (-8.1%) from 2019

Liabilities

Up

$11,835

Up $11,835 from 2019

Revenue

Down

$152,671

Down $8,820 (-5.5%) from 2019

Expenses

Down

$157,863

Down $11,589 (-6.8%) from 2019

Net Income

Up

-$5,192

Up $2,769 (+35%) from 2019

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

2020

Assets$70,580
Liabilities$11,835
Net Assets$58,745

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

2020

Revenue$152,671
Expenses$157,863
Net Income-$5,192
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 24, 2020
Return Version
2019v5.0
Gross Receipts
$152,671
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$37,697$45,443▲ $7,746
Savings and Temporary Cash Investments$19,101$19,111▲ $10
Accounts Receivable$5,502$4,726▼ $776
Prepaid Expenses and Deferred Charges$1,637$1,300▼ $337
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$63,937$70,580▲ $6,643
Other Assets Total-$0-
Liabilities
Other Liabilities-$11,300-
Accounts Payable and Accrued Expenses-$535-
Total Liabilities$0$11,835▲ $11,835
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$63,937$58,745▼ $5,192
Total Net Assets Fund Balance$63,937$58,745▼ $5,192
Total Liabilities and Net Assets / Fund Balance$63,937$70,580▲ $6,643

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Scott CarlsonEditorPT$31,245$31,245

Board Members and Trustees

NameTitle
Gabrielle LawrenceChair-elect
Beth MagistadChairman
Barb HawesDirector
Becki LonnquistDirector
Dan NordleyDirector
Josh BecerraDirector
Kristin WiersmaDirector
Matt VierlingDirector
Merry RendahlDirector
Rosann CahillDirector
Steve PlagensDirector
Betsy CurrieSecretary
Elizabeth DanielsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,324
Program Service Revenue
$102,337
Investment Income
$10
Other Revenue
$0
All Other Contributions
$50,324
Change in Net Assets
$-5,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,649
Salaries, Compensation, and Employee Benefits$41,214
Total Fundraising Expense$4,955
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$33,799--$33,799
Current Officers, Directors, Trustees, and Key Employees$31,540--$31,540
Other Salaries and Wages$6,533--$6,533
Information Technology-$6,195-$6,195
Advertising-$175$4,955$5,130
Payroll Taxes$3,141--$3,141
Office Expenses-$2,471-$2,471
Fees for Services Accounting-$1,887-$1,887
Occupancy-$1,300-$1,300
Insurance-$899-$899
Other Expenses$442$307-$307
Travel-$115-$115
Total Functional Expenses$139,559$13,349$4,955$157,863
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance of Ppp$11,300
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 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
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 Executive 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 Executive 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
2020-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gabrielle Lawrence
Formed
1975
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
15

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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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