Civic Intelligence

Finnegans Community Fund

990 • Fiscal year 2017 • EIN 75-3028138

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization ProfileFINNEGANS.ORG
817 S 5th AveMinneapolis, MN 55404

(612) 501-7707

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

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

Liabilities / Revenue

56th percentile

0.00x

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

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

Net Margin

3rd percentile

-199%

Higher net margin than 3% 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

4th percentile

-79%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

5th percentile

-69%

Faster revenue growth than 5% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$69,603

Down $254,250 (-79%) from 2016

Net Assets

Down

$69,603

Down $254,250 (-79%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin3rd percentile

Revenue

Down

$127,930

Down $283,450 (-69%) from 2016

Expenses

Up

$382,180

Up $273,772 (+253%) from 2016

Net Income

Down

-$254,250

Down $557,222 (-184%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$400K$300K$200K$100K$0-$100KAssets 2011: $2,408Liabilities 2011: $2,572Net Assets 2011: -$1642011Assets 2012: $13,559Net Assets 2012: $13,5592012Assets 2013: $11,259Net Assets 2013: $11,2592013Assets 2014: $25,227Net Assets 2014: $25,2272014Assets 2015: $23,507Net Assets 2015: $23,5072015Assets 2016: $323,853Liabilities 2016: $0Net Assets 2016: $323,8532016Assets 2017: $69,603Liabilities 2017: $0Net Assets 2017: $69,6032017Assets 2018: $98,174Liabilities 2018: $0Net Assets 2018: $98,1742018Assets 2019: $151,925Liabilities 2019: $0Net Assets 2019: $151,9252019Assets 2020: $45,070Liabilities 2020: $0Net Assets 2020: $45,0702020Assets 2021: $77,203Liabilities 2021: $1,169Net Assets 2021: $76,0342021Assets 2022: $50,227Liabilities 2022: $41Net Assets 2022: $50,1862022Assets 2023: $34,894Liabilities 2023: $3,5402023Assets 2024: $21,711Liabilities 2024: $81Net Assets 2024: $21,6302024

Highlighted filing

2017

Assets$69,603
Liabilities$0
Net Assets$69,603
Open 2017 Filing

Operations Trend

Revenue Growth5th percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2011: $52,237Expenses 2011: $47,447Net Income 2011: $4,7902011Revenue 2012: $89,178Expenses 2012: $75,455Net Income 2012: $13,7232012Revenue 2013: $66,241Expenses 2013: $68,541Net Income 2013: -$2,3002013Revenue 2014: $104,623Expenses 2014: $90,655Net Income 2014: $13,9682014Revenue 2015: $96,958Expenses 2015: $98,678Net Income 2015: -$1,7202015Revenue 2016: $411,380Expenses 2016: $108,408Net Income 2016: $302,9722016Revenue 2017: $127,930Expenses 2017: $382,180Net Income 2017: -$254,2502017Revenue 2018: $163,915Expenses 2018: $135,344Net Income 2018: $28,5712018Revenue 2019: $137,351Expenses 2019: $83,600Net Income 2019: $53,7512019Revenue 2020: $15,552Expenses 2020: $97,005Net Income 2020: -$81,4532020Revenue 2021: $56,107Expenses 2021: $23,853Net Income 2021: $32,2542021Revenue 2022: $31,291Expenses 2022: $57,138Net Income 2022: -$25,8472022Revenue 2023: $18,972Expenses 2023: $37,804Net Income 2023: -$18,8322023Revenue 2024: $22,961Expenses 2024: $32,685Net Income 2024: -$9,7242024

Highlighted filing

2017

Revenue$127,930
Expenses$382,180
Net Income-$254,250
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$136,012
Mission and Program Overview

Mission

To alleviate hunger through sustainable, scalable and innovative methods and partnerships and serve as a catalyst for social entrepreneurs to advance charitable purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$323,853$33,104▼ $290,749
Total Assets$323,853$69,603▼ $254,250
Other Assets Total$0$36,499▲ $36,499
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$300,000$69,603▼ $230,397
Unrestricted Net Assets$23,853$0▼ $23,853
Total Net Assets Fund Balance$323,853$69,603▼ $254,250
Total Liabilities and Net Assets / Fund Balance$323,853$69,603▼ $254,250

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$16,499--
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Jeff UrbanBoard Chair
Jacqueline R BerglundChief Executive Officer
Kari L Niedfeldt-thomasSecretary
Benjamin JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$135,892
Program Service Revenue
$0
Investment Income
$120
Other Revenue
$-8,082
All Other Contributions
$132,263
Change in Net Assets
$-254,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$380,886
Other Expenses$1,294
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$380,886--$380,886
Office Expenses-$744-$744
Insurance-$462-$462
Conferences and Meetings-$63-$63
Other Expenses-$25-$25
Total Functional Expenses$380,886$1,294$0$382,180
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
People Responding in Social MinistryGolden Valley, MN501(c)(3)End Hunger$257,107
Finnovation Lab LLCMinneapolis, MN501(c)(3)Catalyst for Social Entrepreneurs$55,000
The Food GroupNew Hope, MN501(c)(3)End Hunger$41,418
Impact Hub Minneapolis St PaulMinneapolis, MN-Catalyst for Social Entrepreneurs-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,082
Fundraising Gross Income$0
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
Annual disclosure for covered persons
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
No
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, Section A, Line 8B

“The organization did not have any committees with authority to act on behalf of the board during the tax year.”

Form 990, Part VI, Section B, Line 11B

“The board of directors reviews form 990 prior to filing with governmental agencies.”

Form 990, Part VI, Section B, Line 12C

“The organization's conflict of interest policy covers members of the board of directors and officers. Covered members are required to disclose potential relationships for all transactions and supporting initiatives (including grants) undertaken by the organization. The board may authorize transactions in good faith after material facts are disclosed and where a quorum and a majority vote of the directors without counting the interested director is undertaken. Proceedings from potential or actual conflicts of interest are documented within meeting minutes or otherwise as appropriate. An annual disclosure form is required to be completed by all covered members.”

Form 990, Part VI, Section C, Line 19

“The organization makes its articles of incorporation, conflict of interest policy and federal income tax returns for the past three years available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Finnegans Community Fund
EIN
75-3028138
Phone
6125017707
Address
817 S 5TH AVE, MINNEAPOLIS, MN 55404

Signing Officer

Name
Jacqueline Berglund
Title
Chief Executive Officer
Phone
6125017707
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacqueline Berglund
Formed
2001
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
150

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
225 S 6TH ST 2300, MINNEAPOLIS, MN 55402
Preparer
Lawrence H Mohr CPA
Phone
6128764500
Raw XML Appendix364 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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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3250 3RD AVENUE N STE 550
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FAIR VALUE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FINNEGANS COMMUNITY FUND COLLABORATES WITH SEVERAL LEADING MIDWEST FOOD BANKS AND CHARITIES WORKING TO END HUNGER. EACH ORGANIZATION RECEIVING A GRANT MUST HAVE A PROVEN TRACK RECORD OF BENEFITING THE LOCAL COMMUNITY AND IF A FOOD BANK, A PROGRAM SUPPORTING LOCAL PRODUCE. GRANTS TO PARTICULAR CHARITABLE ORGANIZATIONS, IN KIND, CAN ALSO BE DECIDED BY FUNDRAISING EVENT HOSTS IF THE ORGANIZATION HAS A MISSION OF HUNGER RELIEF.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1IN DECEMBER, 2016, THE ORGANIZATION SECURED A START-UP GRANT FROM THE BUSH FOUNDATION IN THE AMOUNT OF $300,000 TO EXPLORE PROGRAMS DESIGNED TO NETWORK SOCIALLY-MINDED ENTREPRENEURS TO THE NEEDS OF THEIR LOCAL COMMUNITIES. DURING 2017, THE ORGANIZATION GRANTED FUNDS SO THAT A OPERATING PARTNERSHIP COULD BE CREATED BETWEEN IMPACT HUB MINNEAPOLIS ST. PAUL AND FINNOVATION LAB LLC. THE PRIMARY OUTCOME OF THE START-UP GRANT WAS THE FORMATION OF A COLLABORATION TO STRUCTURE AND BUILD THE SOCIAL ENTREPRENEUR ACCELERATOR AND CO-WORKING SPACE. GRANTED FUNDS WERE USED TO DEFINE GOALS, STRATEGIES, ROLES AND RESPONSIBILITIES, PREPARE START-UP AND OPERATING FINANCIAL PROJECTIONS AND CASH FLOWS, ADDRESS LEGAL STRUCTURE AND CHARITABLE PURPOSE MATTERS, DEFINE AND REFINE AN IMPLEMENTATION PLAN AND TIMELINE AND TO HIRE AN EXECUTIVE LEADER.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, GRANT MADE TO FINNOVATION LAB LLC:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO FILING WITH GOVERNMENTAL AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS. COVERED MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL RELATIONSHIPS FOR ALL TRANSACTIONS AND SUPPORTING INITIATIVES (INCLUDING GRANTS) UNDERTAKEN BY THE ORGANIZATION. THE BOARD MAY AUTHORIZE TRANSACTIONS IN GOOD FAITH AFTER MATERIAL FACTS ARE DISCLOSED AND WHERE A QUORUM AND A MAJORITY VOTE OF THE DIRECTORS WITHOUT COUNTING THE INTERESTED DIRECTOR IS UNDERTAKEN. PROCEEDINGS FROM POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE DOCUMENTED WITHIN MEETING MINUTES OR OTHERWISE AS APPROPRIATE. AN ANNUAL DISCLOSURE FORM IS REQUIRED TO BE COMPLETED BY ALL COVERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS ARTICLES OF INCORPORATION, CONFLICT OF INTEREST POLICY AND FEDERAL INCOME TAX RETURNS FOR THE PAST THREE YEARS AVAILABLE TO THE PUBLIC UPON REQUEST.
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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/TaxExemptBondsInd00
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01294
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0380886
IRS990/TotalFunctionalExpensesGrp/TotalAmt0382180
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IRS990/WebsiteAddressTxt0FINNEGANS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JACQUELINE BERGLUND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum06125017707
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FINNEGANS COMMUNITY FUND
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.88.188.75
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:59:06
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY VIRCHOW KRAUSE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0225 S 6TH ST 2300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
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ReturnHeader/PreparerPersonGrp/PhoneNum06128764500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAWRENCE H MOHR CPA
ReturnHeader/ReturnTs02018-11-14T13:50:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$69,603
Liabilities
$0
Net assets
$69,603
Revenue
$127,930
Expenses
$382,180
Net income
-$254,250
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.23$0.33$0.10
2023Summary only. Only limited summary data is available for this year.$0.35$0.04$0.19$0.38$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.31$0.57$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.01$0.76$0.56$0.24$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.00$0.45$0.16$0.97$0.81
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.00$1.52$1.37$0.84$0.54
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.00$0.98$1.64$1.35$0.29
2017Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$1.28$3.82$2.54
2016Summary only. Only limited summary data is available for this year.$3.24$0.00$3.24$4.11$1.08$3.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.24$0.97$0.99$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.25$1.05$0.91$0.14
2013Detailed filing. Detailed filing data is available for this year.$0.11$0.11$0.66$0.69$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.14$0.89$0.75$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.03$0.00$0.52$0.47$0.05