Civic Intelligence

New Vision Foundation

990 • Fiscal year 2020 • EIN 81-2114563

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

Organization Profilewww.nu-viz.org
860 Vandalia StreetSt Paul, MN 55114

(651) 363-5154

Siviq Scores

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

Liabilities / Assets

56th percentile

0.08x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.08x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

91st percentile

53%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$91,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

93rd percentile

148%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

77%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$734,157

Up $438,582 (+148%) from 2019

Net Assets

Up

$677,611

Up $387,358 (+133%) from 2019

Liabilities

Up

$56,546

Up $51,224 (+962%) from 2019

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin91st percentile

Revenue

Up

$731,213

Up $318,955 (+77%) from 2019

Expenses

Up

$343,855

Up $156,332 (+83%) from 2019

Net Income

Up

$387,358

Up $162,623 (+72%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$1.5M$1.0M$500K$0Assets 2017: $33,909Liabilities 2017: $558Net Assets 2017: $33,3512017Assets 2018: $69,649Liabilities 2018: $4,131Net Assets 2018: $65,5182018Assets 2019: $295,575Liabilities 2019: $5,322Net Assets 2019: $290,2532019Assets 2020: $734,157Liabilities 2020: $56,546Net Assets 2020: $677,6112020Assets 2021: $1,210,057Liabilities 2021: $287,336Net Assets 2021: $922,7212021Assets 2022: $548,964Liabilities 2022: $117,337Net Assets 2022: $431,6272022Assets 2023: $809,224Liabilities 2023: $146,390Net Assets 2023: $662,8342023Assets 2024: $501,095Liabilities 2024: $44,052Net Assets 2024: $457,0432024

Highlighted filing

2020

Assets$734,157
Liabilities$56,546
Net Assets$677,611
Open 2020 Filing

Operations Trend

Revenue Growth90th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $75,571Expenses 2017: $42,220Net Income 2017: $33,3512017Revenue 2018: $135,742Expenses 2018: $101,940Net Income 2018: $33,8022018Revenue 2019: $412,258Expenses 2019: $187,523Net Income 2019: $224,7352019Revenue 2020: $731,213Expenses 2020: $343,855Net Income 2020: $387,3582020Revenue 2021: $3,502,088Expenses 2021: $3,485,261Net Income 2021: $16,8272021Revenue 2022: $836,658Expenses 2022: $1,053,677Net Income 2022: -$217,0192022Revenue 2023: $1,311,594Expenses 2023: $1,135,076Net Income 2023: $176,5182023Revenue 2024: $1,051,574Expenses 2024: $1,257,365Net Income 2024: -$205,7912024

Highlighted filing

2020

Revenue$731,213
Expenses$343,855
Net Income$387,358
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$731,213
Mission and Program Overview

Mission

New Vision Foundation is working with disadvantaged youth in Minnesota and is seeking a large scale embracing of information technology as a catalyst for wage and income growth. We believe that equitable access to information technology will be a major driver to creating a more inclusive and harmonious life for all Minnesotans.

To create pathways to success by motivating disadvantaged youth in Minnesota through providig coding and digital literacy classes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$172,055$478,852▲ $306,797
Accounts Receivable$122,871$116,224▼ $6,647
Prepaid Expenses and Deferred Charges-$90,000-
Land, Buildings, and Equipment, Net$649$49,081▲ $48,432
Total Assets$295,575$734,157▲ $438,582
Liabilities
Other Liabilities-$42,364-
Accounts Payable and Accrued Expenses$5,322$14,182▲ $8,860
Total Liabilities$5,322$56,546▲ $51,224
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$184,829$677,611▲ $492,782
Net Assets With Donor Restrictions$105,424--
Total Net Assets Fund Balance$290,253$677,611▲ $387,358
Total Liabilities and Net Assets / Fund Balance$295,575$734,157▲ $438,582

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$43,985-$43,985
Equipment$5,096$491$5,587
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Hussein FarahExecutive DirectorFT$91,000$91,000

Board Members and Trustees

NameTitle
Tony PeleskaBoard Chair
Amira AdaweBoard Member
Angaluki MuakaBoard Member
Anil HurkadiBoard Member
Dan NelsonBoard Member
Evan BerquistBoard Member
Scott GrausnickBoard Member
Stacy Nelson-kumarBoard Member
Tom GitaaBoard Secretary
Hussein HashiBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$702,985
Program Service Revenue
$28,228
Investment Income
$0
Other Revenue
$0
All Other Contributions
$644,797
Change in Net Assets
$387,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$230,640
Other Expenses$113,215
Total Fundraising Expense$11,121
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$121,208--$121,208
Current Officers, Directors, Trustees, and Key Employees$77,350$9,100$4,550$91,000
Advertising$47,934$8,988$2,996$59,918
Other Expenses$15,000$2,813$937$18,750
Payroll Taxes$14,746$2,765$921$18,432
Office Expenses$6,074$1,139$379$7,592
Travel$3,890$729$243$4,862
Insurance$2,964$556$185$3,705
Conferences and Meetings$2,867$538$179$3,584
Fees for Services Accounting$2,800$525$175$3,500
Fees for Services Legal$1,600$300$100$2,000
Occupancy$1,267$238$79$1,584
Information Technology$800$150$50$1,000
All Other Expenses$435$82$27$544
Depreciation Depletion-$190-$190
Total Functional Expenses$303,723$29,011$11,121$343,855
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
Payroll liabilities$39,700
Federal income taxes$2,664
PPP Loan-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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 A, Line 8

“Organizations board of directors meets regularly to approve all the activities of the organization and monitors the progress of the operations.”

Form 990, Part VI, Section B, Line 11

“The financial statements are presented to the board of directors for review and approval and then sent to the tax accountant to prepare the Form 990.”

Form 990, Part VI, Section B, Line 12

“The organization has adopted and instituted conflict of interest policies that has been provided to all board members and employees for familiarization. The management and board members monitors to ensure consistent compliance with the organzations conflict of interest policies.”

Form 990, Part VI, Section B, Line 13 and 14

“The organization has put in place a whisleblower system to allow anyone to report any wrong doing within the organization without fear of any retribution. Additionally, the organization has put in place document retention policies that are in accordance with the applicable state and federal laws and consistent with the size and complexity of our organizations operations.”

Form 990, Part VI, Section B, Line 15

“Compensation policies and procedures for all management and key employees is determined by the board members who performs research to ensure the compensations are in line with the job responsibilities and skills of the job holder. The board also ensures employee compensation is consistent with other comparable organizations in similar areas of operations and financial capacity.”

Form 990, Part VI, Section C, Line 19

“The organization governing documents, policies and procedures, conflict of interest policies and Form 990 are all available at our office to anyone who requests. All our program activities, operations and financial reports are also available at our office.”

Filing and Contact Details

Filer

Filer Name
New Vision Foundation
EIN
81-2114563
Phone
6513635154
Address
860 VANDALIA STREET, ST PAUL, MN 55114

Signing Officer

Name
Hussein Farah
Title
Executive Director
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
2016
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
5

Preparer

Firm
Daud & Hashi Consulting Services LLC
Address
1433 E Franklin Ave Suite 5A, Minneapolis, MN 55404
Preparer
Hussein Hashi CPA
Phone
6128740712
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IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Bank charges
IRS990/OtherExpensesGrp/Desc1Dues subscriptions
IRS990/OtherExpensesGrp/Desc2License permits
IRS990/OtherExpensesGrp/Desc3Training certifications
IRS990/OtherExpensesGrp/FundraisingAmt048
IRS990/OtherExpensesGrp/FundraisingAmt1107
IRS990/OtherExpensesGrp/FundraisingAmt2145
IRS990/OtherExpensesGrp/FundraisingAmt3937
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0143
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1319
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2436
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32813
IRS990/OtherExpensesGrp/ProgramServicesAmt0762
IRS990/OtherExpensesGrp/ProgramServicesAmt11702
IRS990/OtherExpensesGrp/ProgramServicesAmt22324
IRS990/OtherExpensesGrp/ProgramServicesAmt315000
IRS990/OtherExpensesGrp/TotalAmt0953
IRS990/OtherExpensesGrp/TotalAmt12128
IRS990/OtherExpensesGrp/TotalAmt22905
IRS990/OtherExpensesGrp/TotalAmt318750
IRS990/OtherLiabilitiesGrp/EOYAmt042364
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0121208
IRS990/OtherSalariesAndWagesGrp/TotalAmt0121208
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0921
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02765
IRS990/PayrollTaxesGrp/ProgramServicesAmt014746
IRS990/PayrollTaxesGrp/TotalAmt018432
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt090000
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0HUSSEIN FARAH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Program service fee
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt028228
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0349667
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt033682
IRS990/PYProgramServiceRevenueAmt062591
IRS990/PYRevenuesLessExpensesAmt0224735
IRS990/PYSalariesCompEmpBnftPaidAmt0153841
IRS990/PYTotalExpensesAmt0187523
IRS990/PYTotalRevenueAmt0412258
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0387358
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0702985
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0349667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01052652
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt01052652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0702985
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0349667
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01052652
IRS990ScheduleA/TotalSupportAmt01052652
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt05096
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0491
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05587
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt043985
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt043985
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02664
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt139700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PPP Loan
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt049081
IRS990ScheduleD/TotalLiabilityAmt042364
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organizations board of directors meets regularly to approve all the activities of the organization and monitors the progress of the operations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The financial statements are presented to the board of directors for review and approval and then sent to the tax accountant to prepare the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has adopted and instituted conflict of interest policies that has been provided to all board members and employees for familiarization. The management and board members monitors to ensure consistent compliance with the organzations conflict of interest policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization has put in place a whisleblower system to allow anyone to report any wrong doing within the organization without fear of any retribution. Additionally, the organization has put in place document retention policies that are in accordance with the applicable state and federal laws and consistent with the size and complexity of our organizations operations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation policies and procedures for all management and key employees is determined by the board members who performs research to ensure the compensations are in line with the job responsibilities and skills of the job holder. The board also ensures employee compensation is consistent with other comparable organizations in similar areas of operations and financial capacity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization governing documents, policies and procedures, conflict of interest policies and Form 990 are all available at our office to anyone who requests. All our program activities, operations and financial reports are also available at our office.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 13 and 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0295575
IRS990/TotalAssetsEOYAmt0734157
IRS990/TotalAssetsGrp/BOYAmt0295575
IRS990/TotalAssetsGrp/EOYAmt0734157
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0702985
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011121
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029011
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0303723
IRS990/TotalFunctionalExpensesGrp/TotalAmt0343855
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05322
IRS990/TotalLiabilitiesEOYAmt056546
IRS990/TotalLiabilitiesGrp/BOYAmt05322
IRS990/TotalLiabilitiesGrp/EOYAmt056546
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0290253
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0677611
IRS990/TotalProgramServiceExpensesAmt0343855
IRS990/TotalProgramServiceRevenueAmt028228
IRS990/TotalReportableCompFromOrgAmt091000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0731213
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0295575
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0734157
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt0243

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$734,157
Liabilities
$56,546
Net assets
$677,611
Revenue
$731,213
Expenses
$343,855
Net income
$387,358
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.04$0.46$1.05$1.26$0.21
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.15$0.66$1.31$1.14$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.12$0.43$0.84$1.05$0.22
2021Detailed filing. Detailed filing data is available for this year.$1.21$0.29$0.92$3.50$3.49$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.06$0.68$0.73$0.34$0.39
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.41$0.19$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.14$0.10$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.08$0.04$0.03