Civic Intelligence

Minnesota Chill Foundation

990 • Fiscal year 2020 • EIN 82-4542883

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 26, 2021

9000 Teleford CrossingBrooklyn Park, MN 55443

(651) 829-9776

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

92nd percentile

61%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

98th percentile

993%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

47%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$27,474

Up $24,960 (+993%) from 2019

Net Assets

Up

$27,474

Up $27,434 (+68585%) from 2019

Liabilities

Down

$0

Down $2,474 (-100%) from 2019

Revenue

Up

$45,041

Up $14,483 (+47%) from 2019

Expenses

Down

$17,607

Down $13,441 (-43%) from 2019

Net Income

Up

$27,434

Up $27,924 (+5699%) from 2019

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2018: $530Liabilities 2018: $0Net Assets 2018: $5302018Assets 2019: $2,514Liabilities 2019: $2,474Net Assets 2019: $402019Assets 2020: $27,474Liabilities 2020: $0Net Assets 2020: $27,4742020Assets 2021: $29,678Liabilities 2021: $0Net Assets 2021: $29,6782021Assets 2022: $89,687Liabilities 2022: $0Net Assets 2022: $89,6872022Assets 2023: $24,968Liabilities 2023: $0Net Assets 2023: $24,9682023Assets 2024: $33,546Liabilities 2024: $0Net Assets 2024: $33,5462024

Highlighted filing

2020

Assets$27,474
Liabilities$0
Net Assets$27,474

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2018: $33,662Expenses 2018: $33,132Net Income 2018: $5302018Revenue 2019: $30,558Expenses 2019: $31,048Net Income 2019: -$4902019Revenue 2020: $45,041Expenses 2020: $17,607Net Income 2020: $27,4342020Revenue 2021: $46,945Expenses 2021: $44,741Net Income 2021: $2,2042021Revenue 2022: $147,148Expenses 2022: $87,139Net Income 2022: $60,0092022Revenue 2023: $116,911Expenses 2023: $181,630Net Income 2023: -$64,7192023Revenue 2024: $201,866Expenses 2024: $193,288Net Income 2024: $8,5782024

Highlighted filing

2020

Revenue$45,041
Expenses$17,607
Net Income$27,434
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 26, 2021
Return Version
2020v4.0
Gross Receipts
$45,041
Mission and Program Overview

Mission

The foundation has these components: chill fitness for kids, chill academy college readiness program, chill fish and chill basketball.

The foundation coaches and transports basketball players to tournaments within the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,514$27,474▲ $24,960
Total Assets$2,514$27,474▲ $24,960
Liabilities
Other Liabilities$2,474--
Total Liabilities$2,474$0▼ $2,474
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$40$27,474▲ $27,434
Total Net Assets Fund Balance$40$27,474▲ $27,434
Total Liabilities and Net Assets / Fund Balance$2,514$27,474▲ $24,960
Compensation and Service Providers

Board Members and Trustees

NameTitle
William HillWilliam Hill
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$45,041
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$27,434
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,147
Salaries, Compensation, and Employee Benefits$1,460
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$5,100--$5,100
All Other Expenses$3,539--$3,539
Other Expenses$1,613--$1,613
Other Salaries and Wages$1,460--$1,460
Office Expenses$385--$385
Total Functional Expenses$17,607$0$0$17,607
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Minnesota Chill Foundation
EIN
82-4542883
Phone
6518299776
Address
9000 TELEFORD CROSSING, BROOKLYN PARK, MN 55443

Signing Officer

Name
William Hill
Title
William Hill
Phone
6518299776
Signed
2021-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Hill
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Sagacity Tax & Accounting
Address
980 INWOOD AVE N, OAKDALE, MN 55128-6625
Preparer
Thomas C Lamey
Phone
6518299776
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The foundation succeeds in the development of young men via basketball.

Form 990, Part IX, Line 24E

Website 1,268 0 0 tournament fees 1,075 0 0 meals 819 0 0 membership fees 262 0 0 background checks 80 0 0 bank service charges 35 0 0 total 3,539 0 0

Raw XML Appendix245 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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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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