Civic Intelligence

Owamniyomni Okhodayapi

990 • Fiscal year 2017 • EIN 81-1716095

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

900 North Third StreetMinneapolis, MN 55401

(952) 831-0085

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

0.56x

Higher debt load relative to revenue than 79% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

5th percentile

-55%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

100th percentile

31920%

Faster asset growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-44%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,838,857

Up $4,823,745 (+31920%) from 2016

Net Assets

Up

$4,737,577

Up $4,722,465 (+31250%) from 2016

Liabilities

Up

$101,280

Up $101,280 from 2016

Revenue

Down

$180,856

Down $144,194 (-44%) from 2016

Expenses

Down

$280,066

Down $29,872 (-9.6%) from 2016

Net Income

Down

-$99,210

Down $114,322 (-756%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2016: $15,112Liabilities 2016: $0Net Assets 2016: $15,1122016Assets 2017: $4,838,857Liabilities 2017: $101,280Net Assets 2017: $4,737,5772017Assets 2018: $4,757,353Liabilities 2018: $42,996Net Assets 2018: $4,714,3572018Assets 2019: $4,772,595Liabilities 2019: $26,899Net Assets 2019: $4,745,6962019Assets 2020: $4,700,822Liabilities 2020: $85,137Net Assets 2020: $4,615,6852020Assets 2021: $6,450,506Liabilities 2021: $55,936Net Assets 2021: $6,394,5702021Assets 2022: $6,302,281Liabilities 2022: $70,731Net Assets 2022: $6,231,5502022Assets 2023: $8,309,591Liabilities 2023: $23,365Net Assets 2023: $8,286,2262023Assets 2024: $18,749,774Liabilities 2024: $255,623Net Assets 2024: $18,494,1512024

Highlighted filing

2017

Assets$4,838,857
Liabilities$101,280
Net Assets$4,737,577

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2016: $325,050Expenses 2016: $309,938Net Income 2016: $15,1122016Revenue 2017: $180,856Expenses 2017: $280,066Net Income 2017: -$99,2102017Revenue 2018: $156,739Expenses 2018: $179,959Net Income 2018: -$23,2202018Revenue 2019: $228,406Expenses 2019: $233,150Net Income 2019: -$4,7442019Revenue 2020: $422,821Expenses 2020: $552,832Net Income 2020: -$130,0112020Revenue 2021: $2,666,964Expenses 2021: $888,079Net Income 2021: $1,778,8852021Revenue 2022: $502,765Expenses 2022: $665,785Net Income 2022: -$163,0202022Revenue 2023: $3,044,281Expenses 2023: $989,605Net Income 2023: $2,054,6762023Revenue 2024: $11,768,617Expenses 2024: $1,560,692Net Income 2024: $10,207,9252024

Highlighted filing

2017

Revenue$180,856
Expenses$280,066
Net Income-$99,210
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$180,856
Mission and Program Overview

Mission

In partnership with dakota tribal leadership and the native american community, friends of the falls is working to transform the upper lock at owamniyomni (st. Anthony falls) into a community gathering place, restoring access to the river.

Re-purpose the Upper St. Anthony Falls Lock to a world class destination visitor and interpretive center, consistent with the Central Riverfront Regional Park Master Plan and fully integrated with the Water Works/RiverFirst Initiative.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$3,640,844-
Cash and Non-Interest-Bearing Accounts$15,112$557,185▲ $542,073
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$15,112$4,838,857▲ $4,823,745
Other Assets Total-$640,828-
Liabilities
Grants Payable-$53,500-
Accounts Payable and Accrued Expenses-$47,780-
Total Liabilities$0$101,280▲ $101,280
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$3,640,844-
Unrestricted Net Assets$15,112$1,096,733▲ $1,081,621
Total Net Assets Fund Balance$15,112$4,737,577▲ $4,722,465
Total Liabilities and Net Assets / Fund Balance$15,112$4,838,857▲ $4,823,745

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$640,828--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul ReyeltsPresident
Edna BrazaitisDirector
John KoepkeDirector
Kit RichardsonDirector
Kjersti MonsonDirector
Peter GoveDirector
Mark WilsonCo-Vice Pres.
Tom FisherCo-Vice Pres.
Lisa HondrosSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Duval DevelopmentProject Management900 NORTH THIRD STREET, Minneapolis, MN 55401$140,150
Revenue and Support

Revenue Composition

Contributions and Grants
$180,856
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$180,856
Change in Net Assets
$-99,210

Audited Revenue Reconciliation

Revenue per Audited Statements
$180,856
Total Revenue per Audited Statements
$180,856
Total Revenue per Form 990
$180,856
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$173,066
Grants and Similar Amounts Paid$107,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$124,821$19,222-$144,043
Grants to Domestic Orgs$107,000--$107,000
Fees for Services Accounting-$13,297-$13,297
Fees for Services Legal$3,730--$3,730
Office Expenses$1,027--$1,027
Other Expenses$651$3,962-$651
Travel$337--$337
Total Functional Expenses$243,585$36,481$0$280,066

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$280,066
Total Expenses per Audited Statements$280,066
Total Expenses per Form 990$280,066
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mississippi Park ConnectionSt Paul, MN-Visitor Program$107,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberProject ManagementNo$140,150

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Duval companies provides project management to the organization

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

Amended and restated policies governing conflict of interest, document retention and whistleblower policy were added.

Form 990, Part VI, Line 11B: Form 990 Review Process

Reviewed and approved at the board meeting preceding submittal with the CPA in attendance.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Directors annually complete a conflict of interest annual disclosure and the board addresses any conflict of interest in accordance with its conflict of interest policy.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

If a formal request is made to the Board, the records are made available.

Filing and Contact Details

Filer

Filer Name
Friends of the Lock and Dam
EIN
81-1716095
Address
900 North Third Street, Minneapolis, MN 55401

Signing Officer

Name
Paul Reyelts
Title
President
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Reyelts
Formed
2016
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Carpenter Evert & Associates
Address
7760 France Ave S 940, Bloomington, MN 55435
Preparer
Neal O Evert CPA
Phone
9528310085
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization has adopted accounting for uncertainty in income taxes, asc 740-10. The organization's policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status.

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IRS990/OtherExpensesGrp/TotalAmt13962
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Paul Reyelts
IRS990/PriorPeriodAdjustmentsAmt04821675
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0325050
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0309938
IRS990/PYRevenuesLessExpensesAmt015112
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-99210
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0180856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04788688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04969544
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04788688
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04969544
IRS990ScheduleA/TotalSupportAmt04969544
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt056013
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt035056
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt035056
IRS990ScheduleC/CorrectionMadeInd0false
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IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0245010
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PREPAID PROJECT COSTS
IRS990ScheduleD/RevenueSubtotalAmt0180856
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ASC 740-10. THE ORGANIZATION'S POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS OF NONPROFIT STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleI/RecipientTable/CashGrantAmt0107000
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MISSISSIPPI PARK CONNECTION
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0111 KELLOGG BLVD E SUITE 105
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ST PAUL
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROJECT MANAGEMENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DUVAL COMPANIES PROVIDES PROJECT MANAGEMENT TO THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AMENDED AND RESTATED POLICIES GOVERNING CONFLICT OF INTEREST, DOCUMENT RETENTION AND WHISTLEBLOWER POLICY WERE ADDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reviewed and approved at the board meeting preceding submittal with the CPA in attendance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS ANNUALLY COMPLETE A CONFLICT OF INTEREST ANNUAL DISCLOSURE AND THE BOARD ADDRESSES ANY CONFLICT OF INTEREST IN ACCORDANCE WITH ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4If a formal request is made to the Board, the records are made available.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0243585
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