Civic Intelligence

Literacy Matters Foundation

EIN 81-2943386 • 501(c)3 • Minneapolis, MN

Profile

The literacy matters foundation is a team of teachers, content experts, technology gurus, and strategists who help students master literacy. By building educational software based on proven pedagogic techniques, and integrating it into the classroom, we bring personalized reading and writing instruction to empower emerging readers.

6465 Wayzata Bvld No 220Minneapolis, MN 55426

www.literacymatters.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

34th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

8th percentile

-47%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

12th percentile

-28%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $659,234 (-100%) from 2020

Liabilities

Down

$0

Down $273,598 (-100%) from 2020

Net Assets

Down

$0

Down $385,636 (-100%) from 2020

Operations
Liabilities / Revenue34th percentileNet Margin8th percentile

Revenue

Down

$815,376

Down $316,158 (-28%) from 2020

Expenses

Down

$1,201,012

Down $6,585 (-0.5%) from 2020

Net Income

Down

-$385,636

Down $309,573 (-407%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

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

$800K$600K$400K$200K$0Assets 2017: $234,113Liabilities 2017: $0Net Assets 2017: $234,1132017Assets 2018: $238,800Liabilities 2018: $0Net Assets 2018: $238,8002018Assets 2019: $514,589Liabilities 2019: $52,890Net Assets 2019: $461,6992019Assets 2020: $659,234Liabilities 2020: $273,598Net Assets 2020: $385,6362020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth12th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $417,745Expenses 2017: $183,632Net Income 2017: $234,1132017Revenue 2018: $581,798Expenses 2018: $532,561Net Income 2018: $49,2372018Revenue 2019: $1,282,696Expenses 2019: $1,046,412Net Income 2019: $236,2842019Revenue 2020: $1,131,534Expenses 2020: $1,207,597Net Income 2020: -$76,0632020Revenue 2021: $815,376Expenses 2021: $1,201,012Net Income 2021: -$385,6362021

Highlighted filing

2021

Revenue$815,376
Expenses$1,201,012
Net Income-$385,636
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$815,376
Expenses
$1,201,012
Net income
-$385,636
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.82$1.20$0.39
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.27$0.39$1.13$1.21$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.05$0.46$1.28$1.05$0.24
2018Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$0.58$0.53$0.05
2017Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.42$0.18$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$815,376
Mission and Program Overview

Mission

The literacy matters foundation is a team of teachers, content experts, technology gurus, and strategists who help students master literacy. By building educational software based on proven pedagogic techniques, and integrating it into the classroom, we bring personalized reading and writing instruction to empower emerging readers.

Our mission is to leverage the best technology and proven curriculum to empoweryour learners (k-3) with the basic reading skills needed to close the literacy gap.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$639,561$0▼ $639,561
Land, Buildings, and Equipment, Net$12,795$0▼ $12,795
Prepaid Expenses and Deferred Charges$2,878$0▼ $2,878
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$659,234$0▼ $659,234
Other Assets Total$4,000$0▼ $4,000
Liabilities
Unsecured Notes Loans Payable$205,600--
Accounts Payable and Accrued Expenses$67,998--
Total Liabilities$273,598$0▼ $273,598
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$364,236$0▼ $364,236
Net Assets With Donor Restrictions$21,400$0▼ $21,400
Total Net Assets Fund Balance$385,636$0▼ $385,636
Total Liabilities and Net Assets / Fund Balance$659,234$0▼ $659,234
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Deb MallinFounder, Co-chair and CEO
John ThomasBoard Member
John WannagerBoard Member
Joy BaerBoard Member
Sonia UngermanBoard Member
Bruce LangerBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cardamons LLCProgram Development6465 WAYZATA BLV STE 220, Minneapolis, MN 55426$106,843
Revenue and Support

Revenue Composition

Contributions and Grants
$767,304
Program Service Revenue
$23,403
Investment Income
$24,669
Other Revenue
$0
All Other Contributions
$620,198
Change in Net Assets
$-385,636

Audited Revenue Reconciliation

Revenue per Audited Statements
$815,376
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$716,751
Total Revenue per Audited Statements
$1,532,127
Total Revenue per Form 990
$815,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$557,727
Salaries, Compensation, and Employee Benefits$548,592
Total Fundraising Expense$390,428
Professional Fundraising Fees$94,693
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$235,490$48,366$207,442$491,298
Fees for Services Other$341,095$89,390$49,483$479,968
Fees for Services Professional Fundraising--$94,693$94,693
Occupancy$12,075$18,701$8,510$39,286
Payroll Taxes$17,551$2,027$17,516$37,094
Other Employee Benefits$9,556$-222$10,866$20,200
Office Expenses$8,315$6,184-$14,499
Depreciation Depletion$3,880$6,727-$10,607
Other Expenses$5,163$3,457-$8,620
Travel$457$3,970$320$4,747
Information Technology$2,268$-3,866$1,598-
Total Functional Expenses$635,850$174,734$390,428$1,201,012

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,917,763
Expenses per Audited Statements$1,201,012
Total Expenses per Form 990$1,201,012
Expenses Not Reported on Form 990$716,751
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$94,693
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ENTITY MORE THAN 35% OWNERSHIP BY DEB MALLIN, FOUNDER AND BOARD CHAIRDESCRIPTION OF TRANSACTION: THE FOUNDATION HAS A LICENSING AGREEMENT DATED FEBRUARY 5TH, 2020, FOR THE USE OF THE LEARNING PROGRAM FROM A COMPANY THAT IS OWNED BY THE FOUNDER AND CEO OF THE FOUNDATION. THE PRODUCT IS LICENSED TO THE FOUNDATION FOR $1,000 PER YEAR, AND REMAINS IN EFFECT IN PERPETUITY. AN IN-KIND CONTRIBUTION FOR THE FAIR MARKET VALUE OF THE USE OF THE PRODUCT IS RECORDED IN THE AUDITED STATEMENTS OF ACTIVITIES TOTALED $149,000 FOR THE YEAR ENDED JUNE 30, 2020.No$150,000

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
Yes
Business relationship with 35% controlled entity
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 2

“Board member - bruce langer and his company epiq - are the financial advisors for the mallin family.”

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

“A copy of the 990 is presented to the executive director and governing board before it is filed.”

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

“The conflict of interest policy covers interested persons, who include any director, officer, or member of a committee with board-delegated powers, who has a direct or indirect financial interest. Annually, each interested person completes a conflict of interest disclosure form. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board members of committees with board-delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Any proceedings are documented within meeting minutes.”

Form 990, Part VI, Section C, Line 19

“All governing documents, policies, and financial statements are publically available upon request.”

Filing and Contact Details

Filer

Filer Name
Literacy Matters Foundation
EIN
81-2943386
Phone
5029667323
Address
6465 WAYZATA BVLD NO 220, MINNEAPOLIS, MN 55426

Signing Officer

Name
Deb Mallin
Title
Founder
Phone
5029667323
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deb Mallin
Formed
2016
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
11
Volunteers
20

Preparer

Firm
Johnson Lewis & Mount LLC
Address
5151 EDINA INDUSTRIAL BLVD STE 250, EDINA, MN 55439
Preparer
Chris Lewis CPA
Phone
9528546262
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The organization ceased operations in fical 2021.”

Form 990, Part IX, Line 11G

“Other: program service expenses 341,095. Management and general expenses 89,390. Fundraising expenses 49,483. Total expenses 479,968.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from income taxes under internal revenue code section 501(c)(3) and applicable minnesota statutes. The organization accounts for uncertainty in income taxes recognized in the financial statements annually assessing its exposure for uncertain tax positions. If required, the organization would accrue income taxes plus a related interest and penalty as a liability. For the years presented the organization has recorded no liability for uncertain tax positions. Tax years ending after june 30, 2018 remain open and subject to examination for both federal and state returns.”

Raw XML AppendixShowing 400 of 467 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/Desc0MIGHTY DOODLE: LITERACY MATTERS HAS A NON-EXCLUSIVE LICENSED & CO-DEVELOPED LEARNING SOFTWARE (MIGHTY DOODLE) THAT BRINGS TOGETHER ARTIFICIAL INTELLIGENCE AND RESEARCH-BASED CURRICULUM. FOLLOWING THE ORTON-GILLINGHAM INSTRUCTIONAL APPROACH. THE LEARNING PROGRAM PROVIDES ENGAGING, CHILD-FRIENDLY LITERACY INSTRUCTION, WHILE ASSESSING A STUDENT'S ADVANCEMENT IN REAL TIME. BY UNDERSTANDING STUDENTS' INDIVIDUAL DIFFERENCES AND PROGRESS, TEACHERS CAN PERSONALIZE INSTRUCTION, WHICH IMPROVES OUTCOME. MIGHTY DOODLE WAS IMPLEMENTED IN FOUR SCHOOLS AND ONE SUMMER SCHOOL LOCATION OVER THE YEAR.
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IRS990/OtherWebsiteInd0X
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IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt017516
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02027
IRS990/PayrollTaxesGrp/ProgramServicesAmt017551
IRS990/PayrollTaxesGrp/TotalAmt037094
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02878
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DEB MALLIN
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023403
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023403
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01072583
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04908
IRS990/PYOtherExpensesAmt0883695
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt054043
IRS990/PYRevenuesLessExpensesAmt0-76063
IRS990/PYSalariesCompEmpBnftPaidAmt0239976
IRS990/PYTotalExpensesAmt01207597
IRS990/PYTotalProfFndrsngExpnsAmt083926
IRS990/PYTotalRevenueAmt01131534
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-385636
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0790707
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0790707
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01063583
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01222998
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0579225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0417484
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04073997
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02893
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04908
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04598
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0261
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014208
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0124546
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt09000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt025
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09025
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72430
IRS990ScheduleA/PublicSupportTotal170Amt02967612
IRS990ScheduleA/SubstantialContributorsTotAmt01106385
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0790707
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01063583
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01222998
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0579225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0417484
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04073997
IRS990ScheduleA/TotalSupportAmt04097230
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/DonatedServicesAndUseFcltsAmt0716751
IRS990ScheduleD/DonatedServicesUseFcltsAmt0716751
IRS990ScheduleD/ExpensesNotReportedAmt0716751
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01201012
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt0716751
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0815376
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE MINNESOTA STATUTES. THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS ANNUALLY ASSESSING ITS EXPOSURE FOR UNCERTAIN TAX POSITIONS. IF REQUIRED, THE ORGANIZATION WOULD ACCRUE INCOME TAXES PLUS A RELATED INTEREST AND PENALTY AS A LIABILITY. FOR THE YEARS PRESENTED THE ORGANIZATION HAS RECORDED NO LIABILITY FOR UNCERTAIN TAX POSITIONS. TAX YEARS ENDING AFTER JUNE 30, 2018 REMAIN OPEN AND SUBJECT TO EXAMINATION FOR BOTH FEDERAL AND STATE RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01201012
IRS990ScheduleD/TotalRevenuePerForm990Amt0815376
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01532127
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01917763
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0FUNDRAISING
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1FUNDRAISING
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd10
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0319021
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt123000
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0247801
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt114275
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0ANN MARIE DRAEGER
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm1RUTH STADHEIM
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt071220
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt18725
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt01942 BROADWAY ST
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt11405 LEVISON ST
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0BOULDER
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1ALBERT LEAS
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd1MN
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd080302
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd156007
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0MN
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0342021
IRS990ScheduleG/TotalNetToOrganizationAmt0262076
IRS990ScheduleG/TotalRetainedByContractorsAmt079945
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0DEBBY WEBBY LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ENTITY MORE THAN 35% OWNERSHIP BY DEB MALLIN, FOUNDER AND BOARD CHAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0150000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0DESCRIPTION OF TRANSACTION: THE FOUNDATION HAS A LICENSING AGREEMENT DATED FEBRUARY 5TH, 2020, FOR THE USE OF THE LEARNING PROGRAM FROM A COMPANY THAT IS OWNED BY THE FOUNDER AND CEO OF THE FOUNDATION. THE PRODUCT IS LICENSED TO THE FOUNDATION FOR $1,000 PER YEAR, AND REMAINS IN EFFECT IN PERPETUITY. AN IN-KIND CONTRIBUTION FOR THE FAIR MARKET VALUE OF THE USE OF THE PRODUCT IS RECORDED IN THE AUDITED STATEMENTS OF ACTIVITIES TOTALED $149,000 FOR THE YEAR ENDED JUNE 30, 2020.
IRS990ScheduleN/AssetsDistributedInd00
IRS990ScheduleN/AttorneyGeneralNotifiedInd00
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd00
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0INTEST INCOME
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0TRADITIONS BANK
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt023
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0CORPORATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH BALANCE RETURNED
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt07601 FRANCE AVENUE SOUTN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0EDINA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd055435
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CEASED OPERATIONS IN FICAL 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBER - BRUCE LANGER AND HIS COMPANY EPIQ - ARE THE FINANCIAL ADVISORS FOR THE MALLIN FAMILY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE 990 IS PRESENTED TO THE EXECUTIVE DIRECTOR AND GOVERNING BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY COVERS INTERESTED PERSONS, WHO INCLUDE ANY DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. ANNUALLY, EACH INTERESTED PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE FORM. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. ANY PROCEEDINGS ARE DOCUMENTED WITHIN MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE PUBLICALLY AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER: PROGRAM SERVICE EXPENSES 341,095. MANAGEMENT AND GENERAL EXPENSES 89,390. FUNDRAISING EXPENSES 49,483. TOTAL EXPENSES 479,968.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0659234
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0659234
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0767304
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0390428

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