Civic Intelligence

Literacy Matters Foundation

990 • Fiscal year 2020 • EIN 81-2943386

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 25, 2020

Organization ProfileWWW.LITERACYMATTERS.ORG
1005 W Franklin Ave No 3Minneapolis, MN 55405

(502) 966-7323

Siviq Scores

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

Liabilities / Assets

77th percentile

0.42x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.24x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

26th percentile

-6.7%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

78th percentile

28%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

31st percentile

-12%

Faster revenue growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$659,234

Up $144,645 (+28%) from 2019

Net Assets

Down

$385,636

Down $76,063 (-16%) from 2019

Liabilities

Up

$273,598

Up $220,708 (+417%) from 2019

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin26th percentile

Revenue

Down

$1,131,534

Down $151,162 (-12%) from 2019

Expenses

Up

$1,207,597

Up $161,185 (+15%) from 2019

Net Income

Down

-$76,063

Down $312,347 (-132%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$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

2020

Assets$659,234
Liabilities$273,598
Net Assets$385,636
Open 2020 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$1,131,534
Expenses$1,207,597
Net Income-$76,063
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 25, 2020
Return Version
2019v5.1
Gross Receipts
$1,131,534
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$471,978$639,561▲ $167,583
Land, Buildings, and Equipment, Net$22,554$12,795▼ $9,759
Accounts Receivable$12,560--
Prepaid Expenses and Deferred Charges$3,497$2,878▼ $619
Total Assets$514,589$659,234▲ $144,645
Other Assets Total$4,000$4,000→ $0
Liabilities
Unsecured Notes Loans Payable-$205,600-
Accounts Payable and Accrued Expenses$45,856$67,998▲ $22,142
Other Liabilities$7,034--
Total Liabilities$52,890$273,598▲ $220,708
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$440,913$364,236▼ $76,677
Net Assets With Donor Restrictions$20,786$21,400▲ $614
Total Net Assets Fund Balance$461,699$385,636▼ $76,063
Total Liabilities and Net Assets / Fund Balance$514,589$659,234▲ $144,645

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,040$11,829$22,869
Other Land Buildings$1,755$2,045$3,800
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Kathy KowalchykBoard Co-chair
Deb MallinFounder, Co-chair and CEO
Elizabeth VillafanaBoard Member
John ThomasBoard Member
KRISTA O'MALLEYBoard Member
Kristi PiehlBoard Member
Sonia UngermanBoard Member
Bruce LangerBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cardamons LLCProgram Development6465 WAYZATA BLV STE 220, Minneapolis, MN 55426$178,315
Emily DelayProgram Development350 ST PETER STREET, St Paul, MN 55102$131,309
Revenue and Support

Revenue Composition

Contributions and Grants
$1,072,583
Program Service Revenue
$54,043
Investment Income
$4,908
Other Revenue
$0
All Other Contributions
$1,072,583
Change in Net Assets
$-76,063

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$24,566Fair Market Value (FMV)
Total Noncash Contributions1$24,566-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,131,534
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,252,017
Total Revenue per Audited Statements
$2,383,551
Total Revenue per Form 990
$1,131,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$883,695
Total Fundraising Expense$264,519
Salaries, Compensation, and Employee Benefits$239,976
Professional Fundraising Fees$83,926
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$541,132$216,603$26,295$784,030
Other Salaries and Wages$51,208$38,444$123,508$213,160
Fees for Services Professional Fundraising--$83,926$83,926
Occupancy$16,517$9,254$10,223$35,994
Office Expenses$10,818$11,019-$21,837
Travel$11,549$6,277$426$18,252
Payroll Taxes$3,969$2,014$9,379$15,362
Other Employee Benefits$933$548$9,973$11,454
Depreciation Depletion$4,233$5,525-$9,758
Information Technology$7,614$-2,064$789$6,339
Other Expenses$1,010$4,173-$5,183
Insurance-$2,302-$2,302
Total Functional Expenses$648,983$294,095$264,519$1,207,597

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,459,614
Expenses Not Reported on Form 990$1,252,017
Expenses per Audited Statements$1,207,597
Total Expenses per Form 990$1,207,597
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$83,926
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
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 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
1005 W FRANKLIN AVE NO 3, MINNEAPOLIS, MN 55405

Signing Officer

Name
Tammie Follett
Title
Executive Director
Phone
5029667323
Signed
2020-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tammie Follett
Formed
2016
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
35

Preparer

Firm
Markwell & Lewis Llp
Address
5151 EDINA INDUSTRIAL BLVD STE 250, EDINA, MN 55439
Preparer
Chris Lewis CPA
Phone
9529053600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other: program service expenses 541,132. Management and general expenses 216,603. Fundraising expenses 26,295. Total expenses 784,030.”

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, 2015 remain open and subject to examination for both federal and state returns.”

Raw XML AppendixShowing 400 of 474 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/ActivityOrMissionDesc0OUR 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.
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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/MissionDesc0THE 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.
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt011454
IRS990/OtherExpensesGrp/Desc0FEES, DUES AND OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04173
IRS990/OtherExpensesGrp/ProgramServicesAmt01010
IRS990/OtherExpensesGrp/TotalAmt05183
IRS990/OtherLiabilitiesGrp/BOYAmt07034
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0123508
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038444
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt051208
IRS990/OtherSalariesAndWagesGrp/TotalAmt0213160
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09379
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02014
IRS990/PayrollTaxesGrp/ProgramServicesAmt03969
IRS990/PayrollTaxesGrp/TotalAmt015362
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03497
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02878
IRS990/PrincipalOfficerNm0TAMMIE FOLLETT
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt054043
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt054043
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01222998
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04598
IRS990/PYOtherExpensesAmt0953398
IRS990/PYOtherRevenueAmt09000
IRS990/PYProgramServiceRevenueAmt046100
IRS990/PYRevenuesLessExpensesAmt0236284
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01046412
IRS990/PYTotalProfFndrsngExpnsAmt093014
IRS990/PYTotalRevenueAmt01282696
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-76063
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01122534
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01063583
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01222998
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0579225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0417484
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03283290
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04908
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04598
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0261
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011315
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0101143
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt09000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt025
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09025
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02065801
IRS990ScheduleA/SubstantialContributorsTotAmt01217489
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01063583
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01222998
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0579225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0417484
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03283290
IRS990ScheduleA/TotalSupportAmt03303630
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/DonatedServicesAndUseFcltsAmt01252017
IRS990ScheduleD/DonatedServicesUseFcltsAmt01252017
IRS990ScheduleD/EquipmentGrp/BookValueAmt011040
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011829
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022869
IRS990ScheduleD/ExpensesNotReportedAmt01252017
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01207597
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01755
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02045
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03800
IRS990ScheduleD/RevenueNotReportedAmt01252017
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01131534
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, 2015 REMAIN OPEN AND SUBJECT TO EXAMINATION FOR BOTH FEDERAL AND STATE RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012795
IRS990ScheduleD/TotalExpensesPerForm990Amt01207597
IRS990ScheduleD/TotalRevenuePerForm990Amt01131534
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02383551
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02459614
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0FUNDRAISING
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1FUNDRAISING
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt2FUNDRAISING
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd10
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd20
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0590066
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt1275000
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt2116000
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0545608
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt1270000
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt298542
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0DIANA ANDERSON
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm1ELIZABETH L FENTON
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm2LIZ SHEROD
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt044458
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt15000
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt217458
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt014 OAK CROVE ST
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt1426 HOLLYHOCK LANE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt24509 ARDEN AVE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1HOPKINS
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm2EDINA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd1MN
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd2MN
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd055403
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd155305
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd255434
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0MN
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0981066
IRS990ScheduleG/TotalNetToOrganizationAmt0914150
IRS990ScheduleG/TotalRetainedByContractorsAmt066916
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.
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt024566
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS PRESENTED TO THE EXECUTIVE DIRECTOR AND GOVERNING BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE PUBLICALLY AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER: PROGRAM SERVICE EXPENSES 541,132. MANAGEMENT AND GENERAL EXPENSES 216,603. FUNDRAISING EXPENSES 26,295. TOTAL EXPENSES 784,030.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0514589
IRS990/TotalAssetsEOYAmt0659234
IRS990/TotalAssetsGrp/BOYAmt0514589

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
$659,234
Liabilities
$273,598
Net assets
$385,636
Revenue
$1,131,534
Expenses
$1,207,597
Net income
-$76,063
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