Civic Intelligence

Industrial Fabrics Foundation

990EZ • Fiscal year 2017 • EIN 52-2164483

Jun 01, 2016 to May 31, 2017 • Filed on Sep 18, 2017

Organization Profilewww.indfabfnd.com
1801 County Road B West No 201Roseville, MN 55113-4061

(651) 225-6920

Siviq Scores

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

Liabilities / Assets

80th percentile

0.14x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

0.75x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

2nd percentile

-255%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

14th percentile

-32%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-47%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$126,882

Down $59,855 (-32%) from 2016

Net Assets

Down

$108,841

Down $58,580 (-35%) from 2016

Liabilities

Down

$18,041

Down $1,275 (-6.6%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin2nd percentile

Revenue

Down

$23,985

Down $21,413 (-47%) from 2016

Expenses

Up

$85,117

Up $17,838 (+27%) from 2016

Net Income

Down

-$61,132

Down $39,251 (-179%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$300K$200K$100K$0Assets 2011: $214,346Liabilities 2011: $41Net Assets 2011: $214,3052011Assets 2012: $207,372Liabilities 2012: $1,892Net Assets 2012: $205,4802012Assets 2013: $183,495Liabilities 2013: $0Net Assets 2013: $183,4952013Assets 2014: $190,691Liabilities 2014: $368Net Assets 2014: $190,3232014Assets 2015: $202,293Liabilities 2015: $9,722Net Assets 2015: $192,5712015Assets 2016: $186,737Liabilities 2016: $19,316Net Assets 2016: $167,4212016Assets 2017: $126,882Liabilities 2017: $18,041Net Assets 2017: $108,8412017

Highlighted filing

2017

Assets$126,882
Liabilities$18,041
Net Assets$108,841
Open 2017 Filing

Operations Trend

Revenue Growth10th percentile

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

$100K$50K$0-$50K-$100KRevenue 2011: $45,102Expenses 2011: $51,254Net Income 2011: -$6,1522011Revenue 2012: $41,417Expenses 2012: $49,793Net Income 2012: -$8,3762012Revenue 2013: $22,058Expenses 2013: $48,787Net Income 2013: -$26,7292013Revenue 2014: $42,501Expenses 2014: $39,207Net Income 2014: $3,2942014Revenue 2015: $43,362Expenses 2015: $41,178Net Income 2015: $2,1842015Revenue 2016: $45,398Expenses 2016: $67,279Net Income 2016: -$21,8812016Revenue 2017: $23,985Expenses 2017: $85,117Net Income 2017: -$61,1322017

Highlighted filing

2017

Revenue$23,985
Expenses$85,117
Net Income-$61,132
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Sep 18, 2017
Return Version
2016v3.0
Gross Receipts
$28,870
Mission and Program Overview

Mission

Industrial fabrics foundation (iff) will grant funds for research and scholarships; educate the public and provide information regarding specialty fabrics; and engage in other charitable educational activities approved by the iff board of directors. The foundation envisions a well-educated workforce, with the knowledge and skills to bring quality, innovation, and growth to the specialty textiles industry.

Program Services

DescriptionGrantsExpenses
Industrial Fabrics Foundation Offers Scholarship funds toward higher education. Financial need, academic achievement, community service, internships and studies related to a career in the specialty fabrics industry are considered for selection. The board awarded 8 scholarships to students and 2 grants to organizations during the fiscal year.$40,000$40,729
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott CampbellDirector-$0--
Gifford Del GrandeDirector-$0--
Doug GlennDirector-$0--
Vince HankinsDirector-$0--
Robert RosaniaDirector-$0--
Amy BircherChairman-$0--
Craig ZolaVice Chairman-$0--
Mary HennessyPresident-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$22,955$5,400$1,411$3,989
Total Events$22,955$5,400$4,885$515
Filing and Contact Details

Filer

Filer Name
Industrial Fabrics Foundation
EIN
52-2164483
Phone
6512256920
Address
1801 County Road B West No 201, Roseville, MN 55113-4061

Signing Officer

Name
Mary Hennessy
Title
President
Phone
6512222508
Signed
2017-09-18
Discuss with paid preparer
Yes

Preparer

Firm
Wipfli LLP
Address
7601 France Avenue South Suite 400, Minneapolis, MN 55435
Preparer
Lisa Desotelle CPA
Phone
9525483400
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

“Description: Merrill Lynch Dividends. Amount: 2,115.”

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity Classification: Scholarships. Grantee Name: Various Scholarships. Grantee Relationship: None. Amount Given: 20,000.”

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity Classification: Grant Award. Grantee Name: The Makers Coalition Foundation. Grantee Address: 678 7th St. W St. Paul, MN 55102. Grantee Relationship: None. Amount Given: 15,000.”

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity Classification: Grant Award. Grantee Name: Gelvenor Textiles. Grantee Address: Anderson Road Hammarsdale, SOUTH AFRICA 3699. Grantee Relationship: None. Amount Given: 5,000. Total included on Form 990-EZ, line 10: 40,000.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Insurance. Amount: 1,188. Description: Website Maintenance. Amount: 239. Description: Bank Charges. Amount: 175. Description: Office Supplies. Amount: 25. Description: Dues and Subscriptions. Amount: 290. Total to Form 990-EZ, line 16: 1,917.”

Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets

“Description: Unrealized gain on Investments (loss). Amount: 2,552.”

Form 990-EZ, Part II, Line 24 - Other Assets

“Description: Accounts Receivable. Beg. of Year Amount: 10,600. End of Year Amount: 4,800.”

Form 990-EZ, Part II, Line 26 - Other Liabilities

“Description: Vendor Payables. Beg. of Year Amount: 8,716. End of Year Amount: 16,187. Description: Deferred Gold Tournament. Beg. of Year Amount: 10,600. End of Year Amount: 1,854.”

Raw XML Appendix243 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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IRS990EZ/PrimaryExemptPurposeTxt0Industrial Fabrics Foundation (IFF) will grant funds for research and scholarships; educate the public and provide information regarding specialty fabrics; and engage in other charitable educational activities approved by the IFF Board of Directors. The Foundation envisions a well-educated workforce, with the knowledge and skills to bring quality, innovation, and growth to the specialty textiles industry.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Industrial Fabrics Foundation Offers Scholarship funds toward higher education. Financial need, academic achievement, community service, internships and studies related to a career in the specialty fabrics industry are considered for selection. The board awarded 8 scholarships to students and 2 grants to organizations during the fiscal year.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Merrill Lynch Dividends. Amount: 2,115.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Classification: Scholarships. Grantee Name: Various Scholarships. Grantee Relationship: None. Amount Given: 20,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Activity Classification: Grant Award. Grantee Name: The Makers Coalition Foundation. Grantee Address: 678 7th St. W St. Paul, MN 55102. Grantee Relationship: None. Amount Given: 15,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Activity Classification: Grant Award. Grantee Name: Gelvenor Textiles. Grantee Address: Anderson Road Hammarsdale, SOUTH AFRICA 3699. Grantee Relationship: None. Amount Given: 5,000. Total included on Form 990-EZ, line 10: 40,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description: Insurance. Amount: 1,188. Description: Website Maintenance. Amount: 239. Description: Bank Charges. Amount: 175. Description: Office Supplies. Amount: 25. Description: Dues and Subscriptions. Amount: 290. Total to Form 990-EZ, line 16: 1,917.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description: Unrealized gain on Investments (loss). Amount: 2,552.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Description: Accounts Receivable. Beg. of Year Amount: 10,600. End of Year Amount: 4,800.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Description: Vendor Payables. Beg. of Year Amount: 8,716. End of Year Amount: 16,187. Description: Deferred Gold Tournament. Beg. of Year Amount: 10,600. End of Year Amount: 1,854.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Mary Hennessy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06512222508
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Industrial Fabrics Foundation
ReturnHeader/Filer/BusinessNameControlTxt0INDU
ReturnHeader/Filer/EIN0522164483
ReturnHeader/Filer/PhoneNum06512256920
ReturnHeader/Filer/USAddress/AddressLine1Txt01801 County Road B West No 201
ReturnHeader/Filer/USAddress/CityNm0Roseville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/FilingSecurityInformation/IPTm010:00:33
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07601 France Avenue South Suite 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055435
ReturnHeader/PreparerPersonGrp/PhoneNum09525483400
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lisa Desotelle CPA
ReturnHeader/ReturnTs02017-10-09T07:09:00-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-06-01
ReturnHeader/TaxPeriodEndDt02017-05-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$126,882
Liabilities
$18,041
Net assets
$108,841
Revenue
$23,985
Expenses
$85,117
Net income
-$61,132
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.18$1.09$0.24$0.85$0.61
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.19$1.67$0.45$0.67$0.22
2015Detailed filing. Detailed filing data is available for this year.$2.02$0.10$1.93$0.43$0.41$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.90$0.43$0.39$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.00$1.83$0.22$0.49$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.02$2.05$0.41$0.50$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.00$2.14$0.45$0.51$0.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits