Civic Intelligence

African Economic Development Solutions

990 • Fiscal year 2019 • EIN 80-0345712

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 03, 2020

Organization Profilewww.aeds-mn.org
1821 University Ave W No S145St Paul, MN 55104

(651) 646-9411

Siviq Scores

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

Liabilities / Assets

71st percentile

0.28x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.34x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

58th percentile

$78,000

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

97th percentile

166%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

93rd percentile

104%

Faster revenue growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$1,506,400

Up $939,729 (+166%) from 2018

Net Assets

Up

$1,079,152

Up $678,800 (+170%) from 2018

Liabilities

Up

$427,248

Up $260,929 (+157%) from 2018

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin92nd percentile

Revenue

Up

$1,245,666

Up $635,266 (+104%) from 2018

Expenses

Up

$566,866

Up $37,049 (+7.0%) from 2018

Net Income

Up

$678,800

Up $598,217 (+742%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$15M$10M$5.0M$0Assets 2010: $53,167Liabilities 2010: $733Net Assets 2010: $52,4342010Assets 2014: $45,093Liabilities 2014: $1,421Net Assets 2014: $43,6722014Assets 2015: $174,380Liabilities 2015: $2,098Net Assets 2015: $172,2822015Assets 2016: $203,572Liabilities 2016: $3,354Net Assets 2016: $200,2182016Assets 2017: $261,355Liabilities 2017: $56,918Net Assets 2017: $204,4372017Assets 2018: $566,671Liabilities 2018: $166,319Net Assets 2018: $400,3522018Assets 2019: $1,506,400Liabilities 2019: $427,248Net Assets 2019: $1,079,1522019Assets 2020: $4,047,906Liabilities 2020: $1,815,849Net Assets 2020: $2,232,0572020Assets 2021: $5,659,267Liabilities 2021: $1,931,257Net Assets 2021: $3,728,0102021Assets 2022: $6,521,701Liabilities 2022: $2,122,221Net Assets 2022: $4,399,4802022Assets 2023: $10,106,080Liabilities 2023: $3,716,723Net Assets 2023: $6,389,3572023Assets 2024: $13,711,523Liabilities 2024: $4,424,956Net Assets 2024: $9,286,5672024

Highlighted filing

2019

Assets$1,506,400
Liabilities$427,248
Net Assets$1,079,152
Open 2019 Filing

Operations Trend

Revenue Growth93rd percentile

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

$6.0M$4.0M$2.0M$0Revenue 2010: $98,790Expenses 2010: $48,035Net Income 2010: $50,7552010Revenue 2014: $124,229Expenses 2014: $98,464Net Income 2014: $25,7652014Revenue 2015: $314,629Expenses 2015: $186,017Net Income 2015: $128,6122015Revenue 2016: $376,709Expenses 2016: $348,773Net Income 2016: $27,9362016Revenue 2017: $451,893Expenses 2017: $442,212Net Income 2017: $9,6812017Revenue 2018: $610,400Expenses 2018: $529,817Net Income 2018: $80,5832018Revenue 2019: $1,245,666Expenses 2019: $566,866Net Income 2019: $678,8002019Revenue 2020: $5,145,016Expenses 2020: $3,917,111Net Income 2020: $1,227,9052020Revenue 2021: $2,479,243Expenses 2021: $983,290Net Income 2021: $1,495,9532021Revenue 2022: $3,784,754Expenses 2022: $3,113,284Net Income 2022: $671,4702022Revenue 2023: $3,868,135Expenses 2023: $1,878,258Net Income 2023: $1,989,8772023Revenue 2024: $5,189,587Expenses 2024: $2,292,377Net Income 2024: $2,897,2102024

Highlighted filing

2019

Revenue$1,245,666
Expenses$566,866
Net Income$678,800
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 3, 2020
Return Version
2019v5.1
Gross Receipts
$1,245,666
Mission and Program Overview

Mission

African economic development solutions (aeds) builds wealth within african immigrant communities in the twin cities through economic development activities. We work throughout the twin cities metropolitan area to create wealth, lift immigrant communities out of poverty, and contribute to and benefit from the region's vibrant economy.

African Economic Development Solutions (AEDS) builds wealth within African immigrant communities in the Twin Cities through economic development activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$254,329$693,778▲ $439,449
Other Notes and Loans Receivable, Net$195,980$524,900▲ $328,920
Pledges and Grants Receivable$100,700$273,500▲ $172,800
Land, Buildings, and Equipment, Net$14,808$10,100▼ $4,708
Prepaid Expenses and Deferred Charges$227$3,495▲ $3,268
Total Assets$566,671$1,506,400▲ $939,729
Other Assets Total$627$627→ $0
Liabilities
Unsecured Notes Loans Payable$139,102$281,303▲ $142,201
Other Liabilities$26,982$144,440▲ $117,458
Accounts Payable and Accrued Expenses$235$1,505▲ $1,270
Total Liabilities$166,319$427,248▲ $260,929
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$310,352$806,652▲ $496,300
Net Assets With Donor Restrictions$90,000$272,500▲ $182,500
Total Net Assets Fund Balance$400,352$1,079,152▲ $678,800
Total Liabilities and Net Assets / Fund Balance$566,671$1,506,400▲ $939,729

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,100$14,603$24,703
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gene GelgeluPresident & CEOFT$74,100$3,900$78,000

Board Members and Trustees

NameTitle
Kate SpeedChair
Abraham DaluBoard Member
Anthony J IsubikaluBoard Member
Habtamu AwetuBoard Member
Phillip L HamptonBoard Member
Rebecca CooperBoard Member
Leila S Paye-BakerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,099,077
Program Service Revenue
$122,442
Investment Income
$22,871
Other Revenue
$1,276
All Other Contributions
$677,544
Change in Net Assets
$678,800

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,245,666
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,245,666
Total Revenue per Form 990
$1,245,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$357,482
Other Expenses$209,384
Total Fundraising Expense$32,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$206,696$16,448$14,393$237,537
Current Officers, Directors, Trustees, and Key Employees$67,873$5,401$4,726$78,000
Advertising$55,632$1,171$1,757$58,560
Fees for Services Other$43,193$5,566$4,408$53,167
Occupancy$29,071$2,737$2,394$34,202
Payroll Taxes$19,310$3,621$1,207$24,138
Other Employee Benefits$15,136$1,425$1,246$17,807
Office Expenses-$14,360-$14,360
Fees for Services Accounting-$9,800-$9,800
Insurance$4,045$381$333$4,759
Depreciation Depletion$4,001$377$330$4,708
Travel$3,081$290$253$3,624
Conferences and Meetings$2,788--$2,788
All Other Expenses$1,499$629$224$2,352
Other Expenses$1,775$167$146$2,088
Interest$183--$183
Total Functional Expenses$471,254$63,274$32,338$566,866

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$566,866
Total Expenses per Audited Statements$566,866
Total Expenses per Form 990$566,866
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to MN Dept of Employment and Economic Development$144,440
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 B, line 11B

“Board reviews the Form 990 at its meeting and approves before filing.”

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

“The Board regularly monitors the compliance with the conflict of interest policy.”

Form 990, Part VI, Section B, line 15

“Board decides the Executive Director's salary after doing market comparison and determining the organization's resources available for compensation.”

Form 990, Part VI, Section C, line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
African Economic Development Solutions
EIN
80-0345712
Phone
6516469411
Address
1821 University Ave W No S145, St Paul, MN 55104

Signing Officer

Name
Gene Gelgelu
Title
President & CEO
Phone
6516469411
Signed
2020-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gene Gelgelu
Formed
2008
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
5

Preparer

Firm
Abdo Eick & Meyers LLP
Address
5201 Eden Avenue Suite 250, Edina, MN 55436
Preparer
Steve Anseth
Phone
9528359090
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The Board of Directors assumes responsibility for oversight of the audit and selection of an independent accountant. These processes did not change from the prior year.”

Financial Statement Notes

Part X, Line 2:

“The Organization is exempt from income tax under section 501(c)(3) of the Internal Revenue Code. Contributions to the Organization are tax deductible as the Organization qualifies under Section 170(c) of the Internal Revenue Code. During the years ended December 31, 2019 and 2018, the Organization has not incurred any interest or penalties on its tax returns. The Organization reviews and assesses its tax positions taken or expected to be taken in tax returns. Based on this assessment the Organization determines whether it is more likely than not that the position would be sustained upon examination by tax authorities. The Organization's assessment has not identified any significant positions that it believes would not be sustained under examination. The Organization has identified its tax status as a tax exempt entity as it's only significant tax position and has determined that such tax position does not result in an uncertainty requiring recognition. The Organization is not currently under examination by any taxing jurisdiction. Its federal income tax returns are generally open for examination for three years after the date of filing, including extensions.”

Raw XML AppendixShowing 400 of 468 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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IRS990/Desc0Business Development Training and Small Business Consulting program provided service to 215 clients. The program equips African immigrants and members of other marginalized communities in the Twin Cities and greater Minnesota with pertinent business skills indispensable for their success as entrepreneurs of color. The training consists of classes, workshops, field work, and one-on-one sessions. Some of the areas the program provides business consulting to existing or aspiring entrepreneurs in are licensing and lease review, finance and accounting services, and crafting effective growth strategies and organizational structures. This program also includes the micro loans, which is to help provide access to the capital that helps launch their businesses.
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IRS990/OtherLiabilitiesGrp/BOYAmt026982
IRS990/OtherLiabilitiesGrp/EOYAmt0144440
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01276
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01276
IRS990/OtherRevenueTotalAmt01276
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt014393
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016448
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0206696
IRS990/OtherSalariesAndWagesGrp/TotalAmt0237537
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0195980
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0524900
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01207
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03621
IRS990/PayrollTaxesGrp/ProgramServicesAmt019310
IRS990/PayrollTaxesGrp/TotalAmt024138
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0100700
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0273500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0227
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03495
IRS990/PrincipalOfficerNm0Gene Gelgelu
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Program revenue
IRS990/ProgramServiceRevenueGrp/Desc1Home stretch fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt093924
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128518
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt093924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128518
IRS990/ProgSrvcAccomActy2Grp/Desc0Homeownership and Financial Literacy Workshop program provided to 96 families in workshops and counseling in 2019. The program helps disadvantaged families and first time homebuyers make informed decisions as they fully realize their slice of the American Dream, and to help individuals or families develop the skills necessary to succeed in the complex world of finance. Housing counselors can review your finances, credit report, and provide information on current mortgage loan programs, including down payment and closing cost assistance. Workshops will also assist in learning to make educated financial decisions and achieve financial goals.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012761
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt014223
IRS990/ProgSrvcAccomActy3Grp/Desc0Little Africa engaged with about 7,000 people through our events in 2019. This program is designed to engage with artists and communities to build local economy through art and cultural activities.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0446234
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt099903
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0452104
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03765
IRS990/PYOtherExpensesAmt0164807
IRS990/PYOtherRevenueAmt03450
IRS990/PYProgramServiceRevenueAmt0151081
IRS990/PYRevenuesLessExpensesAmt080583
IRS990/PYSalariesCompEmpBnftPaidAmt0365010
IRS990/PYTotalExpensesAmt0529817
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0610400
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0678800
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09592
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01170326
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0452104
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0348297
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0198424
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0314520
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02483671
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022871
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03765
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01666
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt076
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt028387
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0549952
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01276
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03450
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0232
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03478
IRS990ScheduleA/OtherIncome170Grp/TotalAmt08436
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69440
IRS990ScheduleA/PublicSupportPY170Pct00.99120
IRS990ScheduleA/PublicSupportTotal170Amt01750131
IRS990ScheduleA/SubstantialContributorsTotAmt0733540
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01170326
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0452104
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0348297
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0198424
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0314520
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02483671
IRS990ScheduleA/TotalSupportAmt02520494
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt010100
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014603
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024703
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0566866
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0144440
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to MN Dept of Employment and Economic Development
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01245666
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income tax under section 501(c)(3) of the Internal Revenue Code. Contributions to the Organization are tax deductible as the Organization qualifies under Section 170(c) of the Internal Revenue Code. During the years ended December 31, 2019 and 2018, the Organization has not incurred any interest or penalties on its tax returns. The Organization reviews and assesses its tax positions taken or expected to be taken in tax returns. Based on this assessment the Organization determines whether it is more likely than not that the position would be sustained upon examination by tax authorities. The Organization's assessment has not identified any significant positions that it believes would not be sustained under examination. The Organization has identified its tax status as a tax exempt entity as it's only significant tax position and has determined that such tax position does not result in an uncertainty requiring recognition. The Organization is not currently under examination by any taxing jurisdiction. Its federal income tax returns are generally open for examination for three years after the date of filing, including extensions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010100
IRS990ScheduleD/TotalExpensesPerForm990Amt0566866
IRS990ScheduleD/TotalLiabilityAmt0144440
IRS990ScheduleD/TotalRevenuePerForm990Amt01245666
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01245666
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0566866
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board reviews the Form 990 at its meeting and approves before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board regularly monitors the compliance with the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board decides the Executive Director's salary after doing market comparison and determining the organization's resources available for compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors assumes responsibility for oversight of the audit and selection of an independent accountant. These processes did not change from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0566671
IRS990/TotalAssetsEOYAmt01506400
IRS990/TotalAssetsGrp/BOYAmt0566671
IRS990/TotalAssetsGrp/EOYAmt01506400
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01099077
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt032338
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063274
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0471254
IRS990/TotalFunctionalExpensesGrp/TotalAmt0566866
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0166319
IRS990/TotalLiabilitiesEOYAmt0427248
IRS990/TotalLiabilitiesGrp/BOYAmt0166319

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,506,400
Liabilities
$427,248
Net assets
$1,079,152
Revenue
$1,245,666
Expenses
$566,866
Net income
$678,800
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$4.42$9.29$5.19$2.29$2.90
2023Detailed filing. Detailed filing data is available for this year.$10.1$3.72$6.39$3.87$1.88$1.99
2022Detailed filing. Detailed filing data is available for this year.$6.52$2.12$4.40$3.78$3.11$0.67
2021Detailed filing. Detailed filing data is available for this year.$5.66$1.93$3.73$2.48$0.98$1.50
2020Detailed filing. Detailed filing data is available for this year.$4.05$1.82$2.23$5.15$3.92$1.23
2019Detailed filing. Detailed filing data is available for this year.$1.51$0.43$1.08$1.25$0.57$0.68
2018Detailed filing. Detailed filing data is available for this year.$0.57$0.17$0.40$0.61$0.53$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.26$0.06$0.20$0.45$0.44$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.38$0.35$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.31$0.19$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.04$0.12$0.10$0.03
2010Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.10$0.05$0.05