Civic Intelligence

Mimcs Building Company

990 • Fiscal year 2021 • EIN 82-1302123

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization ProfileN/A
277 12th Avenue NMinneapolis, MN 55401

(612) 821-6470

Siviq Scores

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

Liabilities / Assets

95th percentile

1.04x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

13.45x

Higher debt load relative to revenue than 97% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

12th percentile

-8.7%

Higher net margin than 12% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

15th percentile

-2.5%

Faster asset growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

27th percentile

-1.3%

Faster revenue growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$24,067,875

Down $629,017 (-2.5%) from 2020

Net Assets

Down

-$966,750

Down $161,321 (-20%) from 2020

Liabilities

Down

$25,034,625

Down $467,696 (-1.8%) from 2020

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin12th percentile

Revenue

Down

$1,861,169

Down $25,206 (-1.3%) from 2020

Expenses

Down

$2,022,490

Down $47,407 (-2.3%) from 2020

Net Income

Up

-$161,321

Up $22,201 (+12%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$30M$20M$10M$0-$10MAssets 2020: $24,696,892Liabilities 2020: $25,502,321Net Assets 2020: -$805,4292020Assets 2021: $24,067,875Liabilities 2021: $25,034,625Net Assets 2021: -$966,7502021Assets 2022: $23,559,256Liabilities 2022: $24,554,700Net Assets 2022: -$995,4442022Assets 2023: $23,162,248Liabilities 2023: $24,052,973Net Assets 2023: -$890,7252023Assets 2024: $23,714,841Liabilities 2024: $23,696,766Net Assets 2024: $18,0752024Assets 2025: $22,052,750Liabilities 2025: $22,997,314Net Assets 2025: -$944,5642025

Highlighted filing

2021

Assets$24,067,875
Liabilities$25,034,625
Net Assets-$966,750
Open 2021 Filing

Operations Trend

Revenue Growth27th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $1,886,375Expenses 2020: $2,069,897Net Income 2020: -$183,5222020Revenue 2021: $1,861,169Expenses 2021: $2,022,490Net Income 2021: -$161,3212021Revenue 2022: $1,862,395Expenses 2022: $1,891,089Net Income 2022: -$28,6942022Revenue 2023: $1,837,726Expenses 2023: $1,733,007Net Income 2023: $104,7192023Revenue 2024: $1,984,984Expenses 2024: $2,509,752Net Income 2024: -$524,7682024Revenue 2025: $1,976,938Expenses 2025: $2,004,715Net Income 2025: -$27,7772025

Highlighted filing

2021

Revenue$1,861,169
Expenses$2,022,490
Net Income-$161,321
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$1,861,169
Mission and Program Overview

Mission

To purchase and rent a school facility to twin cities international schools (tcis)

Purchase and rental of the school facility

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,414,968$21,722,208▼ $692,760
Cash and Non-Interest-Bearing Accounts$2,281,924$2,345,667▲ $63,743
Cap Stk Tr Prin Current Funds$2,180,921$1,435,189▼ $745,732
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-2,986,350$-2,401,939▲ $584,411
Total Assets$24,696,892$24,067,875▼ $629,017
Liabilities
Tax Exempt Bond Liabilities$25,401,318$24,937,834▼ $463,484
Other Liabilities$98,188$96,791▼ $1,397
Accounts Payable and Accrued Expenses$2,815$0▼ $2,815
Total Liabilities$25,502,321$25,034,625▼ $467,696
Net Assets / Fund Balance
Total Net Assets Fund Balance$-805,429$-966,750▼ $161,321
Total Liabilities and Net Assets / Fund Balance$24,696,892$24,067,875▼ $629,017

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,789,908$1,992,878$20,782,786
Land$2,932,300-$2,932,300
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Faysal AliPresident
Mohamed MohamudSecretary
Manyi TambeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,860,921
Investment Income
$248
Other Revenue
$0
Change in Net Assets
$-161,321

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,861,169
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,286,224
Total Revenue per Audited Statements
$19,147,393
Total Revenue per Form 990
$1,861,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,022,490
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,235,507--$1,235,507
Depreciation Depletion$692,760--$692,760
Fees for Services Other$77,723--$77,723
Fees for Services Accounting$16,500--$16,500
Total Functional Expenses$2,022,490$0$0$2,022,490

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,708,254
Expenses Not Reported on Form 990$16,685,764
Expenses per Audited Statements$2,022,490
Total Expenses per Form 990$2,022,490
Expenses Not Reported on Financial Statements$0
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
Interest Payable$96,791

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Minneapolis2017-12-19$25,929,514CAPITAL EXPENDITURES

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$25,919,514--$807,866

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Twin cities international schools is the sole member.”

Form 990, Part VI, Section A, Line 7A

“The sole member, twin cities international schools, appoints all directors annually.”

Form 990, Part VI, Section A, Line 7B

“The articles of incorporation shall not be amended without written consent of the sole member, twin cities international schools.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have any committees that have the authority to act on behalf of the governing body.”

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

“A draft of form 990 is reviewed by management and presented to the board of directors prior to approval and signature.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflict of itnerest policy, and financial statements available to the public in the school office upon request.”

Filing and Contact Details

Filer

Filer Name
Mimcs Building Company
EIN
82-1302123
Phone
6128216470
Address
277 12TH AVENUE N, MINNEAPOLIS, MN 55401

Signing Officer

Name
Faysal Ali
Title
President
Phone
6128216470
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Faysal Ali
Formed
2017
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Bergankdv Ltd
Address
12100 MEREDITH DR SUITE 200, URBANDALE, IA 50323
Preparer
Kathleen New CPA
Phone
5157275700
Supplemental Narrative

Additional Explanations

Form 990- Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The academy is exempt from income taxes under section 501(c)(3) of the internal revenue code (irc). The academy is also exempt from minnesota franchise or income tax. The academy is required to assess whether an uncertain tax position exists and if there should be recognition of a related benefit or liability in the financial statements. The academy has determined there are not amounts to record as assets or liabilities related to uncertain tax positions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Twin cities international academy revenues 17,272,708. Gasb 68 13,516.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Twin cities international academy expenditures 16,450,543. Gasb 68 235,221.”

Raw XML AppendixShowing 400 of 424 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ACADEMY IS ALSO EXEMPT FROM MINNESOTA FRANCHISE OR INCOME TAX. THE ACADEMY IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TWIN CITIES INTERNATIONAL ACADEMY REVENUES 17,272,708. GASB 68 13,516.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TWIN CITIES INTERNATIONAL ACADEMY EXPENDITURES 16,450,543. GASB 68 235,221.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWIN CITIES INTERNATIONAL SCHOOLS IS THE SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER, TWIN CITIES INTERNATIONAL SCHOOLS, APPOINTS ALL DIRECTORS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ARTICLES OF INCORPORATION SHALL NOT BE AMENDED WITHOUT WRITTEN CONSENT OF THE SOLE MEMBER, TWIN CITIES INTERNATIONAL SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A DRAFT OF FORM 990 IS REVIEWED BY MANAGEMENT AND PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO APPROVAL AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF ITNEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN THE SCHOOL OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990- PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
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IRS990/TotalLiabilitiesGrp/EOYAmt025034625
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/VotingMembersGoverningBodyCnt03
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$24,067,875
Liabilities
$25,034,625
Net assets
-$966,750
Revenue
$1,861,169
Expenses
$2,022,490
Net income
-$161,321
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.1$23.0$0.94$1.98$2.00$0.03
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.7$23.7$0.02$1.98$2.51$0.52
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.2$24.1$0.89$1.84$1.73$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$24.6$1.00$1.86$1.89$0.03
2021Detailed filing. Detailed filing data is available for this year.$24.1$25.0$0.97$1.86$2.02$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.7$25.5$0.81$1.89$2.07$0.18