Civic Intelligence

Project 1590 Inc.

990EZ • Fiscal year 2023 • EIN 81-5410023

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 14, 2024

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 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

71st percentile

17%

Faster asset growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

84th percentile

64%

Faster revenue growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$180,801

Up $26,210 (+17%) from 2022

Net Assets

Up

$180,801

Up $26,210 (+17%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$125,725

Up $49,215 (+64%) from 2022

Expenses

Up

$99,514

Up $10,905 (+12%) from 2022

Net Income

Up

$26,211

Up $38,310 (+317%) from 2022

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

2023

Assets$180,801
Liabilities-
Net Assets$180,801

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

2023

Revenue$125,725
Expenses$99,514
Net Income$26,211
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 14, 2024
Return Version
2023v5.0
Gross Receipts
$129,850
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, CELEBRATING CULTURES, FROM THE GROUND UP AND FOCUS ON FAIRMONT.$31,000$95,203
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE HAWKINSPast Chair-$0--
SAM VIESSELMANSecretary-$0--
JON OMVIGDirector-$0--
PAUL CARLSONDirector-$0--
MILES DUFFYDirector-$0--
CELIA SIMPSONChair-$0--
DIANE BETTINTreasurer-$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
Celia Simpson
Title
Chair
Phone
5073991615
Signed
2024-10-14
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: lead america cash contribution: 30,000

Form 990-ez, Part I, Line 16

Expenses advertising 1,818 office exp 2,441 travel 363 insurance 1,683 supplies 20,157 music 215 board communication 582 community events 21,531 non-investment depreciation 13,284 total 62,074

Form 990-ez, Part II, Line 24

Inventories for sale or use 9,260 8,437 fixed assets 143,275 143,275 less accumulated depreciation 59,167 72,451 total 93,368 79,261

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, celebrating cultures, from the ground up and focus on fairmont.

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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/OperateHospitalInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: LEAD AMERICA CASH CONTRIBUTION: 30,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 1,818 OFFICE EXP 2,441 TRAVEL 363 INSURANCE 1,683 SUPPLIES 20,157 MUSIC 215 BOARD COMMUNICATION 582 COMMUNITY EVENTS 21,531 NON-INVESTMENT DEPRECIATION 13,284 TOTAL 62,074
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INVENTORIES FOR SALE OR USE 9,260 8,437 FIXED ASSETS 143,275 143,275 LESS ACCUMULATED DEPRECIATION 59,167 72,451 TOTAL 93,368 79,261
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, CELEBRATING CULTURES, FROM THE GROUND UP 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/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-14
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ReturnHeader/ReturnTs02024-10-21T11:52:51-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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