Civic Intelligence

Madelia Community Foundation Inc

EIN 81-1422448 • 501(c)3 • Madelia, MN

Profile

Madelia community foundation, inc. Is established to seek, accept and administer contributions of all kinds to help meet the charitable needs of residents in and around madelia, minnesota, by all appropriate means, including making grants, participating in community projects and studies, and providing related charitable services to organizations and individuals.

PO Box 100Madelia, MN 56062

www.madeliastrong.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

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

Liabilities / Revenue

61st percentile

0.00x

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

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

Net Margin

6th percentile

-202%

Higher net margin than 6% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

10th percentile

-90%

Faster asset growth than 10% of similar nonprofits.

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

Revenue Growth

11th percentile

-68%

Faster revenue growth than 11% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$23,966

Down $213,738 (-90%) from 2016

Liabilities

Flat

$0

Flat from 2016

Net Assets

Down

$23,966

Down $213,738 (-90%) from 2016

Operations
Liabilities / Revenue61st percentileNet Margin6th percentile

Revenue

Down

$106,005

Down $227,579 (-68%) from 2016

Expenses

Up

$319,743

Up $223,863 (+233%) from 2016

Net Income

Down

-$213,738

Down $451,442 (-190%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2016: $237,704Liabilities 2016: $0Net Assets 2016: $237,7042016Assets 2017: $23,966Liabilities 2017: $0Net Assets 2017: $23,9662017

Highlighted filing

2017

Assets$23,966
Liabilities$0
Net Assets$23,966
Open 2017 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2016: $333,584Expenses 2016: $95,880Net Income 2016: $237,7042016Revenue 2017: $106,005Expenses 2017: $319,743Net Income 2017: -$213,7382017

Highlighted filing

2017

Revenue$106,005
Expenses$319,743
Net Income-$213,738
Open 2017 Filing

Filings

Most recent year

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

Open filing
Assets
$23,966
Liabilities
$0
Net assets
$23,966
Revenue
$106,005
Expenses
$319,743
Net income
-$213,738
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$1.06$3.20$2.14
2016Summary only. Only limited summary data is available for this year.$2.38$0.00$2.38$3.34$0.96$2.38
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$106,005
Mission and Program Overview

Mission

Madelia community foundation, inc. Is established to seek, accept and administer contributions of all kinds to help meet the charitable needs of residents in and around madelia, minnesota, by all appropriate means, including making grants, participating in community projects and studies, and providing related charitable services to organizations and individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$62,950--
Cash and Non-Interest-Bearing Accounts$174,239$23,657▼ $150,582
Land, Buildings, and Equipment, Net$515$309▼ $206
Total Assets$237,704$23,966▼ $213,738
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$237,704$23,966▼ $213,738
Total Net Assets Fund Balance$237,704$23,966▼ $213,738
Total Liabilities and Net Assets / Fund Balance$237,704$23,966▼ $213,738

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$309$978$1,287
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Thomas OsbornePresident
Andy GappaDirector
Colleen JacobsDirector
Mark DennDirector
Glenda ArndtSecretary
Dennis SwensonTreasurer
Dan MccabeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$106,005
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$106,005
Change in Net Assets
$-213,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$282,946
Other Expenses$36,797
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$263,310--$263,310
Grants to Domestic Individuals$19,636--$19,636
Fees for Services Accounting$3,290$3,290-$6,580
Insurance$940$105-$1,045
Fees for Services Legal$309$309-$618
Office Expenses$312$16-$328
Depreciation Depletion$206--$206
Other Expenses-$75-$75
Total Functional Expenses$288,003$31,740$0$319,743
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
La Plaza Fiesta LLCMadelia, MN-Fire Disaster Relief$133,350
Dream River Marketing Group LLCMadelia, MN-Fire Disaster Relief$64,950
Gunderson Properties LLCMadelia, MN-Fire Disaster Relief$57,275
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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

“No review was or will be conducted. Members of the board of directors were informed that a copy of the 990 is available upon request.”

Form 990, Page 6, Part VI, Line 12C

“After disclosure of all material facts, the interested person will leave and the governing board will discuss the conflict of interest and vote upon it. The board or committee members will determine if a conflict of interest exists and if a more advantageous transaction or arrangement can be obtained by some other person or entitly that will not give rise to a conflict of interest. If this is not possible, the board or committe will determine by a majority vote of disinterested directors whether to enter into the transaction or arrangement.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Madelia Community Foundation Inc
EIN
81-1422448
Phone
5076422800
Address
PO BOX 100, MADELIA, MN 56062

Signing Officer

Name
Thomas Osborne
Title
President
Phone
5076422800
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Osborne
Formed
2016
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Kelsey Osborne LLC
Address
8 WEST MAIN STREET, MADELIA, MN 56062
Preparer
Annette M Arndt CPA
Phone
5076422800
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Madelia community foundation, inc. Is established to seek, accept and administer contributions of all kinds to help meet the charitable needs of residents in and around madelia, minnesota, by all appropriate means, including making grants, participating in community projects and studies, and providing related charitable services to organizations and individuals.”

Form 990, Page 2, Part III, Line 4D

“Madelia community foundation, inc. Is organized exclusively for charitable purposes. The purpose of madelia community foundation, inc. Is to seek, accept and administer contributions of all kinds to help meet the charitable needs of residents in and around madelia, minnesota, by all appropriate means, including making grants, participating in community projects and studies, and providing related charitable services to organizations and individuals.”

Raw XML Appendix389 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/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990ScheduleI/RecipientTable/USAddress/CityNm1MADELIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm2MADELIA
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056062
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd156062
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd256062
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS PAID TO INDIVIDUALS WERE DISASTER AID PAYMENTS TO THE EMPLOYEES OF THE BUSINESSES THAT WERE DESTROYED BY A FIRE ON FEBRUARY 3, 2016. THE AID WAS GIVEN TO THE DISPLACED EMPLOYEES TO SUPPORT THEM AND THEIR FAMILIES UNTIL THE AFFECTED BUSINESSES WERE RE-ESTABLISHED IN TEMPORARY LOCATIONS. THE PURPOSE OF THE AID WAS TO RETAIN THE WORKFORCE IN MADELIA, WHICH WAS ACHIEVED. THE AMOUNT OF THE GRANTS PAID TO INDIVIDUALS WERE DETERMINED FROM APPLICATIONS FOR ASSISTANCE SUBMITTED BY THE RESPECTIVE EMPLOYERS. AID PAYMENTS WERE BASED ON PRE-FIRE WAGES AND ADJUSTED FOR UNEMPLOYMENT BENEFITS RECEIVED. THE AID PROVIDED HELPED THE EMPLOYERS KEEP THEIR EMPLOYEES WHILE NEW OR TEMPORARY LOCATIONS WERE ESTABLISHED BY THE EMPLOYERS. ALL OF THE BUSINESSES AFFECTED BY THE FIRE HAD RE-OPENED IN NEW OR TEMPORARY LOCATIONS THREE MONTHS AFTER THE FIRE. ALL OF THE JOBS OF THE DISPLACED WORKERS WERE RETAINED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MADELIA COMMUNITY FOUNDATION, INC. IS ESTABLISHED TO SEEK, ACCEPT AND ADMINISTER CONTRIBUTIONS OF ALL KINDS TO HELP MEET THE CHARITABLE NEEDS OF RESIDENTS IN AND AROUND MADELIA, MINNESOTA, BY ALL APPROPRIATE MEANS, INCLUDING MAKING GRANTS, PARTICIPATING IN COMMUNITY PROJECTS AND STUDIES, AND PROVIDING RELATED CHARITABLE SERVICES TO ORGANIZATIONS AND INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MADELIA COMMUNITY FOUNDATION, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES. THE PURPOSE OF MADELIA COMMUNITY FOUNDATION, INC. IS TO SEEK, ACCEPT AND ADMINISTER CONTRIBUTIONS OF ALL KINDS TO HELP MEET THE CHARITABLE NEEDS OF RESIDENTS IN AND AROUND MADELIA, MINNESOTA, BY ALL APPROPRIATE MEANS, INCLUDING MAKING GRANTS, PARTICIPATING IN COMMUNITY PROJECTS AND STUDIES, AND PROVIDING RELATED CHARITABLE SERVICES TO ORGANIZATIONS AND INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED. MEMBERS OF THE BOARD OF DIRECTORS WERE INFORMED THAT A COPY OF THE 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AFTER DISCLOSURE OF ALL MATERIAL FACTS, THE INTERESTED PERSON WILL LEAVE AND THE GOVERNING BOARD WILL DISCUSS THE CONFLICT OF INTEREST AND VOTE UPON IT. THE BOARD OR COMMITTEE MEMBERS WILL DETERMINE IF A CONFLICT OF INTEREST EXISTS AND IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT CAN BE OBTAINED BY SOME OTHER PERSON OR ENTITLY THAT WILL NOT GIVE RISE TO A CONFLICT OF INTEREST. IF THIS IS NOT POSSIBLE, THE BOARD OR COMMITTE WILL DETERMINE BY A MAJORITY VOTE OF DISINTERESTED DIRECTORS WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RENTAL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0REBUILD MADELIA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt02263
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0MADELIA
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0REBUILD MADELIA, INC. WAS FORMED TO HOLD A MOBILE KITCHEN AND WALK-IN COOLER THAT WAS PURCHASED TO RENT TO A BUSINESS OWNER WHO LOST A RESTAURANT IN THE FEBUARY 3, 2016 FIRE. THE EQUIPMENT WAS NEEDED TO OPERATE THE RESTAURANT AT A TEMPORARY LOCATION IN MADELIA. THE RESTAURANT IS A VITAL BUSINESS IN MADELIA. A TEMPORARY LOCATION WAS NECESSARY TO KEEP THE BUSINESS IN MADELIA. A GOOD PORTION OF THE REBUILDING EFFORT WAS CENTERED AROUND THE RESTAURANT. THE COMMUNITY COULD NOT AFFORD TO LOSE THE RESTAURANT AS IT IS THE MOST VIBRANT BUSINESS IN THE BUSINESS DISTRICT. THE UNINSURED LOSSES FROM THE FIRE WERE SUBSTANTIAL. WE WERE ABLE TO PRESERVE SOME OF THE SUPPORT WE RECEIVED BY PURCHASING THE EQUIPMENT AND LEASING IT. THE EQUIPMENT WAS SOLD AFTER THE RESTAURANT MOVED INTO IS NEW BUILDING. REBUILD MADELIA, INC. WAS LIQUIDATED AND ITS CASH WAS DISTRIBUTED TO THE FIRE VICTIMS WHO HAD UNINSURED LOSSES.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt035939
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0REBUILD MADELIA INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031740
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0288003
IRS990/TotalFunctionalExpensesGrp/TotalAmt0319743
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IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TransactionWithControlEntInd0true
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990/WebsiteAddressTxt0WWW.MADELIASTRONG.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS OSBORNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05076422800
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADELIA COMMUNITY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MADE
ReturnHeader/Filer/EIN0811422448
ReturnHeader/Filer/PhoneNum05076422800
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 100
ReturnHeader/Filer/USAddress/CityNm0MADELIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0531CF09827C210FF1EA559345CE75E4ED7B590C2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B74273DAE6F41A389E15DCFEF30DD4BF3EAE85BA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:45:24
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270861346
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KELSEY OSBORNE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08 WEST MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADELIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056062
ReturnHeader/PreparerPersonGrp/PhoneNum05076422800
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANNETTE M ARNDT CPA
ReturnHeader/ReturnTs02018-11-14T15:45:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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