Civic Intelligence

Owatonna Independent School District No 761 Foundation

990 • Fiscal year 2020 • EIN 52-1612613

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 28, 2021

Organization ProfileWWW.761FOUNDATION.COM
515 W Bridge StreetOwatonna, MN 55060

(507) 444-8600

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

84th percentile

35%

Higher net margin than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

57th percentile

9.2%

Faster asset growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

47%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$4,114,529

Up $345,892 (+9.2%) from 2019

Net Assets

Up

$4,114,529

Up $345,892 (+9.2%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin84th percentile

Revenue

Up

$370,499

Up $118,069 (+47%) from 2019

Expenses

Down

$240,386

Down $44,685 (-16%) from 2019

Net Income

Up

$130,113

Up $162,754 (+499%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,240,295Liabilities 2011: $0Net Assets 2011: $3,240,2952011Assets 2012: $3,431,185Liabilities 2012: $0Net Assets 2012: $3,431,1852012Assets 2013: $3,292,496Liabilities 2013: $0Net Assets 2013: $3,292,4962013Assets 2014: $3,454,551Liabilities 2014: $0Net Assets 2014: $3,454,5512014Assets 2015: $3,510,729Liabilities 2015: $0Net Assets 2015: $3,510,7292015Assets 2016: $3,500,677Liabilities 2016: $0Net Assets 2016: $3,500,6772016Assets 2017: $3,982,981Liabilities 2017: $0Net Assets 2017: $3,982,9812017Assets 2018: $3,416,547Liabilities 2018: $0Net Assets 2018: $3,416,5472018Assets 2019: $3,768,637Liabilities 2019: $0Net Assets 2019: $3,768,6372019Assets 2020: $4,114,529Liabilities 2020: $0Net Assets 2020: $4,114,5292020Assets 2021: $3,948,560Liabilities 2021: $0Net Assets 2021: $3,948,5602021Assets 2022: $3,280,342Liabilities 2022: $0Net Assets 2022: $3,280,3422022Assets 2023: $3,478,982Liabilities 2023: $0Net Assets 2023: $3,478,9822023Assets 2024: $3,435,612Liabilities 2024: $0Net Assets 2024: $3,435,6122024

Highlighted filing

2020

Assets$4,114,529
Liabilities$0
Net Assets$4,114,529
Open 2020 Filing

Operations Trend

Revenue Growth86th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $383,541Expenses 2011: $237,771Net Income 2011: $145,7702011Expenses 2012: $237,2952012Revenue 2013: $365,079Expenses 2013: $323,390Net Income 2013: $41,6892013Revenue 2014: $308,357Expenses 2014: $255,025Net Income 2014: $53,3322014Revenue 2015: $508,510Expenses 2015: $251,704Net Income 2015: $256,8062015Revenue 2016: $315,389Expenses 2016: $277,025Net Income 2016: $38,3642016Revenue 2017: $235,980Expenses 2017: $272,106Net Income 2017: -$36,1262017Revenue 2018: $180,009Expenses 2018: $243,544Net Income 2018: -$63,5352018Revenue 2019: $252,430Expenses 2019: $285,071Net Income 2019: -$32,6412019Revenue 2020: $370,499Expenses 2020: $240,386Net Income 2020: $130,1132020Revenue 2021: $296,014Expenses 2021: $390,437Net Income 2021: -$94,4232021Revenue 2022: $310,642Expenses 2022: $325,797Net Income 2022: -$15,1552022Revenue 2023: $408,034Expenses 2023: $364,679Net Income 2023: $43,3552023Revenue 2024: $364,143Expenses 2024: $348,058Net Income 2024: $16,0852024

Highlighted filing

2020

Revenue$370,499
Expenses$240,386
Net Income$130,113
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 28, 2021
Return Version
2020v4.0
Gross Receipts
$832,846
Mission and Program Overview

Mission

To advance, support, promote and administer activities which enhance and augment public educational facilities and opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,227,904$3,890,098▲ $662,194
Savings and Temporary Cash Investments$540,733$224,431▼ $316,302
Total Assets$3,768,637$4,114,529▲ $345,892
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,768,637$4,114,529▲ $345,892
Total Net Assets Fund Balance$3,768,637$4,114,529▲ $345,892
Total Liabilities and Net Assets / Fund Balance$3,768,637$4,114,529▲ $345,892
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Bruce PaulsonChair
Janet Mittlestadt TippettVice Chair
Barbara JuddDirector
George DowDirector
Lucas ArndtDirector
Mark DietzDirector
Mark SebringDirector
Melanie SunnarborgDirector
Paul KnutsonDirector
Samona GrubishDirector
Sara MckayDirector
Mary LarsonSecretary
Greg StroikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$210,780
Program Service Revenue
$0
Investment Income
$159,719
Other Revenue
$0
All Other Contributions
$210,780
Change in Net Assets
$130,113

Audited Revenue Reconciliation

Revenue per Audited Statements
$370,499
Revenue Not Reported on Form 990
$215,779
Total Revenue per Audited Statements
$586,278
Total Revenue per Form 990
$370,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$228,754
Other Expenses$11,632
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$141,100--$141,100
Grants to Domestic Orgs$87,654--$87,654
Fees for Services Accounting-$6,035-$6,035
Office Expenses-$1,500-$1,500
Fees for Services Other-$1,305-$1,305
Advertising-$970-$970
Other Expenses$1,278$25-$25
Total Functional Expenses$230,032$10,354$0$240,386

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$240,386
Total Expenses per Audited Statements$240,386
Total Expenses per Form 990$240,386
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Owatonna Public SchoolsOwatonna, MNGovTo Support Operation$84,654
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
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“It is reviewed by the treasurer prior to filing.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Owatonna Independent School
EIN
52-1612613
Phone
5074448600
Address
515 W BRIDGE STREET, OWATONNA, MN 55060

Signing Officer

Name
Greg Stroik
Title
Treasurer
Phone
5074555229
Signed
2021-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Stroik
Formed
1993
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Struss Cpas Pc
Address
PO BOX 372, OWATONNA, MN 55060
Preparer
Daniel a Struss
Phone
5074510611
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“UNREALIZED LOSSES 0”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“UNREALIZED LOSSES 0”

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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION PROVIDES SUPPORT FOR VARIOUS EDUCATIONAL PROGRAMS AT THE OWATONNA PUBLIC SCHOOLS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 1C
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNREALIZED LOSSES 0
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IRS990ScheduleD/TotalRevenuePerForm990Amt0370499
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IRS990ScheduleI/RecipientTable/CashGrantAmt084654
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT OPERATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0OWATONNA PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0515 W BRIDGE ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OWATONNA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS RECEIVING GRANT ASSITANCE REPORT BACK TO THE FOUNDATION. ALL ORGANIZATIONS RECEIVING GRANTS ARE SCHOOLS WHO REQUEST MONEY FOR SPECIFIC PROJECTS.
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IT IS REVIEWED BY THE TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNREALIZED LOSSES 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03768637
IRS990/TotalAssetsEOYAmt04114529
IRS990/TotalAssetsGrp/BOYAmt03768637
IRS990/TotalAssetsGrp/EOYAmt04114529
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IRS990/TotalContributionsAmt0210780
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010354
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0230032
IRS990/TotalFunctionalExpensesGrp/TotalAmt0240386
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt061002
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0370499
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IRS990/USAddress/CityNm0OWATONNA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055060
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.761FOUNDATION.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG STROIK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05074555229
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OWATONNA INDEPENDENT SCHOOL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DISTRICT NO 761 FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0OWAT
ReturnHeader/Filer/EIN0521612613
ReturnHeader/Filer/PhoneNum05074448600
ReturnHeader/Filer/USAddress/AddressLine1Txt0515 W BRIDGE STREET
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271590985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STRUSS CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 372
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OWATONNA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055060
ReturnHeader/PreparerPersonGrp/PhoneNum05074510611
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL A STRUSS
ReturnHeader/ReturnTs02021-08-17T11:05:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREG

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,114,529
Liabilities
$0
Net assets
$4,114,529
Revenue
$370,499
Expenses
$240,386
Net income
$130,113
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.00$3.44$0.36$0.35$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.00$3.48$0.41$0.36$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$0.00$3.28$0.31$0.33$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.95$0.00$3.95$0.30$0.39$0.09
2020Detailed filing. Detailed filing data is available for this year.$4.11$0.00$4.11$0.37$0.24$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.77$0.00$3.77$0.25$0.29$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.42$0.00$3.42$0.18$0.24$0.06
2017Summary only. Only limited summary data is available for this year.$3.98$0.00$3.98$0.24$0.27$0.04
2016Summary only. Only limited summary data is available for this year.$3.50$0.00$3.50$0.32$0.28$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.51$0.51$0.25$0.26
2014Summary only. Only limited summary data is available for this year.$3.45$0.00$3.45$0.31$0.26$0.05
2013Summary only. Only limited summary data is available for this year.$3.29$0.00$3.29$0.37$0.32$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$0.00$3.43$0.24
2011Summary only. Only limited summary data is available for this year.$3.24$0.00$3.24$0.38$0.24$0.15