Civic Intelligence

Project 1590 Inc.

990EZ • Fiscal year 2021 • EIN 81-5410023

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 22, 2022

PO Box 705Fairmont, MN 56031

(507) 238-4786

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

24th percentile

-11%

Higher net margin than 24% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

34th percentile

-3.2%

Faster asset growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

25th percentile

-32%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$166,691

Down $5,487 (-3.2%) from 2020

Net Assets

Down

$166,691

Down $5,487 (-3.2%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$51,454

Down $23,665 (-32%) from 2020

Expenses

Down

$56,940

Down $13,401 (-19%) from 2020

Net Income

Down

-$5,486

Down $10,264 (-215%) from 2020

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2018: $111,215Net Assets 2018: $111,2152018Assets 2019: $167,400Net Assets 2019: $167,4002019Assets 2020: $172,178Net Assets 2020: $172,1782020Assets 2021: $166,691Net Assets 2021: $166,6912021Assets 2022: $154,591Net Assets 2022: $154,5912022Assets 2023: $180,801Net Assets 2023: $180,8012023Assets 2024: $154,298Net Assets 2024: $154,2982024

Highlighted filing

2021

Assets$166,691
Liabilities-
Net Assets$166,691

Operations Trend

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

$200K$100K$0-$100KRevenue 2018: $52,206Expenses 2018: $20,993Net Income 2018: $31,2132018Revenue 2019: $97,730Expenses 2019: $41,545Net Income 2019: $56,1852019Revenue 2020: $75,119Expenses 2020: $70,341Net Income 2020: $4,7782020Revenue 2021: $51,454Expenses 2021: $56,940Net Income 2021: -$5,4862021Revenue 2022: $76,510Expenses 2022: $88,609Net Income 2022: -$12,0992022Revenue 2023: $125,725Expenses 2023: $99,514Net Income 2023: $26,2112023Revenue 2024: $171,241Expenses 2024: $197,744Net Income 2024: -$26,5032024

Highlighted filing

2021

Revenue$51,454
Expenses$56,940
Net Income-$5,486
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 22, 2022
Return Version
2021v4.0
Gross Receipts
$56,667
Mission and Program Overview

Mission

To enhance vitality, livability and health of the greater fairmont community.

Program Services

DescriptionGrantsExpenses
VARIOUS ONGOING PROJECTS ARE ORGANIZED IN ORDER TO ENHANCE THE VITALITY, LIVABILITY AND HEALTH OF THE GREATER FAIRMONT COMMUNITY. THESE PROJECTS INCLUDE KIDS JUST WANNA HAVE FUN, BACON CAPITAL USA, MARTIN COUNTY KNOW HOW, AND FOCUS ON FAIRMONT.$15,500$51,917
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE HAWKINSChair-$0--
ANN TERFEHRSecretary-$0--
SAM VIESSELMANDirector-$0--
SARA EDMUNDSONDirector-$0--
ED WILLETTDirector-$0--
AMY LONGDirector-$0--
Filing and Contact Details

Filer

Filer Name
Project 1590 Inc
EIN
81-5410023
Phone
5072384786
Address
PO BOX 705, FAIRMONT, MN 56031

Signing Officer

Name
Steve Hawkins
Title
Chair
Phone
5073991615
Signed
2022-08-22
Discuss with paid preparer
Yes

Preparer

Firm
Erpelding Voigt & Co Llp
Address
1295 HWY 15 SOUTH, FAIRMONT, MN 56031
Preparer
Sarah L Gerhard
Phone
5072353377
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Name: city of fairmont cash contribution: 15,500

Form 990-ez, Part I, Line 16

Expenses advertising 1,768 office exp 495 insurance 1,551 supplies 9,919 music 215 dues & permits 597 board communication 2,599 community events 5,897 non-investment depreciation 14,335 total 37,376

Form 990-ez, Part II, Line 24

Inventories for sale or use 7,672 8,255 fixed assets 143,275 143,275 less accumulated depreciation 31,064 45,399 total 119,883 106,131

Form 990-ez, Part III

To enhance vitality, livability and health of the greater fairmont community.

Form 990-ez, Part III, Line 28

Various ongoing projects are organized in order to enhance the vitality, livability and health of the greater fairmont community. These projects include kids just wanna have fun, bacon capital usa, martin county know how, and focus on fairmont.

Raw XML Appendix163 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/OtherExpensesTotalAmt037376
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: CITY OF FAIRMONT CASH CONTRIBUTION: 15,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 1,768 OFFICE EXP 495 INSURANCE 1,551 SUPPLIES 9,919 MUSIC 215 DUES & PERMITS 597 BOARD COMMUNICATION 2,599 COMMUNITY EVENTS 5,897 NON-INVESTMENT DEPRECIATION 14,335 TOTAL 37,376
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INVENTORIES FOR SALE OR USE 7,672 8,255 FIXED ASSETS 143,275 143,275 LESS ACCUMULATED DEPRECIATION 31,064 45,399 TOTAL 119,883 106,131
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO ENHANCE VITALITY, LIVABILITY AND HEALTH OF THE GREATER FAIRMONT COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VARIOUS ONGOING PROJECTS ARE ORGANIZED IN ORDER TO ENHANCE THE VITALITY, LIVABILITY AND HEALTH OF THE GREATER FAIRMONT COMMUNITY. THESE PROJECTS INCLUDE KIDS JUST WANNA HAVE FUN, BACON CAPITAL USA, MARTIN COUNTY KNOW HOW, AND FOCUS ON FAIRMONT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE HAWKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05073991615
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROJECT 1590 INC
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0815410023
ReturnHeader/Filer/PhoneNum05072384786
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 705
ReturnHeader/Filer/USAddress/CityNm0FAIRMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056031
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421125381
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01295 HWY 15 SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRMONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056031
ReturnHeader/PreparerPersonGrp/PhoneNum05072353377
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH L GERHARD
ReturnHeader/ReturnTs02022-09-06T10:43:30-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAWKINS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings