Civic Intelligence

Minnesota Education Trust

990 • Fiscal year 2013 • EIN 83-0473561

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

Organization ProfileN/A
842 Raymond AveSaint Paul, MN 55114

(651) 647-6250

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

45th percentile

0.15x

Higher debt load relative to revenue than 45% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

3rd percentile

-101%

Higher net margin than 3% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Asset Growth

29th percentile

-2.1%

Faster asset growth than 29% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

9th percentile

-24%

Faster revenue growth than 9% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2010 to 2013

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$6,914,146

Down $147,357 (-2.1%) from 2012

Net Assets

Down

$6,844,083

Down $182,100 (-2.6%) from 2012

Liabilities

Up

$70,063

Up $34,743 (+98%) from 2012

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin3rd percentile

Revenue

$463,223

No earlier filing loaded for comparison.

Expenses

Up

$933,143

Up $367,357 (+65%) from 2012

Net Income

-$469,920

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $5,421,918Liabilities 2010: $0Net Assets 2010: $5,421,9182010Assets 2011: $5,825,574Liabilities 2011: $71,771Net Assets 2011: $5,753,8032011Assets 2012: $7,061,503Liabilities 2012: $35,320Net Assets 2012: $7,026,1832012Assets 2013: $6,914,146Liabilities 2013: $70,063Net Assets 2013: $6,844,0832013Assets 2014: $6,679,609Liabilities 2014: $70,659Net Assets 2014: $6,608,9502014Assets 2015: $8,053,551Liabilities 2015: $114,008Net Assets 2015: $7,939,5432015Assets 2016: $11,259,999Liabilities 2016: $123,773Net Assets 2016: $11,136,2262016Assets 2017: $11,131,175Liabilities 2017: $101,772Net Assets 2017: $11,029,4032017Assets 2018: $11,208,079Liabilities 2018: $143,937Net Assets 2018: $11,064,1422018Assets 2019: $11,079,198Liabilities 2019: $190,667Net Assets 2019: $10,888,5312019Assets 2020: $11,824,748Liabilities 2020: $109,047Net Assets 2020: $11,715,7012020Assets 2021: $12,235,946Liabilities 2021: -$27,262Net Assets 2021: $12,263,2082021Assets 2022: $11,183,294Liabilities 2022: $69,253Net Assets 2022: $11,114,0412022

Highlighted filing

2013

Assets$6,914,146
Liabilities$70,063
Net Assets$6,844,083
Open 2013 Filing

Operations Trend

Revenue Growth9th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,041,933Expenses 2010: $187,147Net Income 2010: $854,7862010Expenses 2011: $352,3522011Expenses 2012: $565,7862012Revenue 2013: $463,223Expenses 2013: $933,143Net Income 2013: -$469,9202013Revenue 2014: $602,800Expenses 2014: $843,453Net Income 2014: -$240,6532014Revenue 2015: $2,480,560Expenses 2015: $1,060,017Net Income 2015: $1,420,5432015Revenue 2016: $5,649,694Expenses 2016: $2,455,497Net Income 2016: $3,194,1972016Revenue 2017: $2,082,120Expenses 2017: $2,460,370Net Income 2017: -$378,2502017Revenue 2018: $2,030,158Expenses 2018: $1,842,429Net Income 2018: $187,7292018Revenue 2019: $1,151,945Expenses 2019: $1,415,451Net Income 2019: -$263,5062019Revenue 2020: $1,192,968Expenses 2020: $848,716Net Income 2020: $344,2522020Revenue 2021: $1,363,771Expenses 2021: $1,423,401Net Income 2021: -$59,6302021Revenue 2022: $1,981,861Expenses 2022: $2,363,615Net Income 2022: -$381,7542022

Highlighted filing

2013

Revenue$463,223
Expenses$933,143
Net Income-$469,920
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.1
Gross Receipts
$463,223
Mission and Program Overview

Mission

Minnesota education trust (met) seeks to support religious centers, community centers, schools, and to assist other organizations that serve goals similar to the goals of met.

Minnesota education trust (met) seeks to support religious centers, community centers, and schools and to assist other organizations that serve goals similar to the goals of met.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,000,383$4,331,419▲ $331,036
Investments Program Related$1,412,779$2,177,168▲ $764,389
Cash and Non-Interest-Bearing Accounts$1,631,164$237,309▼ $1,393,855
Other Notes and Loans Receivable, Net-$150,000-
Prepaid Expenses and Deferred Charges$16,977$18,250▲ $1,273
Accounts Receivable$200--
Total Assets$7,061,503$6,914,146▼ $147,357
Liabilities
Accounts Payable and Accrued Expenses$35,320$70,063▲ $34,743
Total Liabilities$35,320$70,063▲ $34,743
Net Assets / Fund Balance
Unrestricted Net Assets$6,196,183$6,014,083▼ $182,100
Temporarily Rstr Net Assets$830,000$830,000→ $0
Total Net Assets Fund Balance$7,026,183$6,844,083▼ $182,100
Total Liabilities and Net Assets / Fund Balance$7,061,503$6,914,146▼ $147,357

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,316,391$633,668$2,950,059
Land$1,133,983-$1,133,983
Other Land Buildings$881,045$29,919$910,964
Equipment-$40,000$40,000
Investment Program Related Org$618,982--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Dr Asif RahmanPresident
Dr Hesham ElgouhariOfficer
Zeeshan TariqOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$160,656
Program Service Revenue
$0
Investment Income
$26,567
Other Revenue
$276,000
All Other Contributions
$160,656
Change in Net Assets
$-469,920

Audited Revenue Reconciliation

Revenue per Audited Statements
$463,223
Total Revenue per Audited Statements
$463,223
Total Revenue per Form 990
$463,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$518,143
Grants and Similar Amounts Paid$415,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$415,000--$415,000
Fees for Services Other$307,294$11,760-$319,054
Depreciation Depletion$96,110--$96,110
Fees for Services Legal-$40,799-$40,799
Insurance$37,185--$37,185
Office Expenses-$14,890-$14,890
Fees for Services Accounting-$8,125-$8,125
Occupancy-$1,980-$1,980
Total Functional Expenses$855,589$77,554$0$933,143

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$933,143
Total Expenses per Audited Statements$933,143
Total Expenses per Form 990$933,143
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
----$200,000
----$110,000
----$50,000
----$30,000
----$25,000
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
Yes
Annual disclosure for covered persons
No
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Voting and managerial decisions”

Form 990, Page 6, Part VI, Line 7A

“Members may elect the board”

Form 990, Page 6, Part VI, Line 7B

“Subject to approval of membership”

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

“Presented and reviewed by board”

Form 990, Page 6, Part VI, Line 12C

“ALL BOARD MEMBERS COMPLY”

Form 990, Page 6, Part VI, Line 15A

“Board has elected no compensation for directors or management”

Form 990, Page 6, Part VI, Line 15B

“Board has elected no compensation”

Form 990, Page 6, Part VI, Line 19

“Available at offices and is filed with attorney general”

Filing and Contact Details

Filer

EIN
83-0473561
Phone
6516476250

Signing Officer

Name
Dr Asif Rahman
Title
President
Phone
6516476250
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Asif Rahman
Formed
2007
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Preparer
Jeffrey L Petersen CPA
Phone
6514509668
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Bank charges 0 1,369 0 cable 0 3,501 0 license & permits 0 6,890 0 program expense 10,188 0 0 property taxes 19,372 0 0 repairs 200,714 0 0 utilities 50,917 0 0 contract labor 23,338 0 0 property management fee 2,765 0 0 consulting 0 0 0”

Raw XML Appendix379 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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IRS990ScheduleI/RecipientTable/CashGrantAmt425000
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10DARUL ARGAM ISLAMIC SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11MAS MN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12AL FAROOQ YOUTH & FAMILY CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine13ISLAMIC CULTURAL COMMUNITY CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine14MAS CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/AddressLine108 THOMAS ST SOUTH
IRS990ScheduleI/RecipientTable/USAddress/AddressLine114100 66TH ST E
IRS990ScheduleI/RecipientTable/USAddress/AddressLine128201 PARK AVE S
IRS990ScheduleI/RecipientTable/USAddress/AddressLine132534 CETRAL AVENUE NE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine149201 S OKETO AVE
IRS990ScheduleI/RecipientTable/USAddress/City0SO RIVER
IRS990ScheduleI/RecipientTable/USAddress/City1INVER GROVE HEIGHTS
IRS990ScheduleI/RecipientTable/USAddress/City2MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/City3MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/City4BRIDGVIEW
IRS990ScheduleI/RecipientTable/USAddress/State0NJ
IRS990ScheduleI/RecipientTable/USAddress/State1MN
IRS990ScheduleI/RecipientTable/USAddress/State2MN
IRS990ScheduleI/RecipientTable/USAddress/State3MN
IRS990ScheduleI/RecipientTable/USAddress/State4IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode008883
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode155075
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode255420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode355418
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode460455
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOTING AND MANAGERIAL DECISIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS MAY ELECT THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUBJECT TO APPROVAL OF MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRESENTED AND REVIEWED BY BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL BOARD MEMBERS COMPLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD HAS ELECTED NO COMPENSATION FOR DIRECTORS OR MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD HAS ELECTED NO COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AVAILABLE AT OFFICES AND IS FILED WITH ATTORNEY GENERAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BANK CHARGES 0 1,369 0 CABLE 0 3,501 0 LICENSE & PERMITS 0 6,890 0 PROGRAM EXPENSE 10,188 0 0 PROPERTY TAXES 19,372 0 0 REPAIRS 200,714 0 0 UTILITIES 50,917 0 0 CONTRACT LABOR 23,338 0 0 PROPERTY MANAGEMENT FEE 2,765 0 0 CONSULTING 0 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0830000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0830000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07061503
IRS990/TotalAssetsEOYAmt06914146
IRS990/TotalAssetsGrp/BOYAmt07061503
IRS990/TotalAssetsGrp/EOYAmt06914146
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0160656
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077554
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0855589
IRS990/TotalFunctionalExpensesGrp/TotalAmt0933143
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035320
IRS990/TotalLiabilitiesEOYAmt070063
IRS990/TotalLiabilitiesGrp/BOYAmt035320
IRS990/TotalLiabilitiesGrp/EOYAmt070063
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07026183
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06844083
IRS990/TotalOtherProgSrvcExpenseAmt020468
IRS990/TotalProgramServiceExpensesAmt0855589
IRS990/TotalRevenueGrp/ExclusionAmt0302567
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0463223
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07061503
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06914146
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06196183
IRS990/UnrestrictedNetAssetsGrp/EOYAmt06014083
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10842 RAYMOND AVE
IRS990/USAddress/City0SAINT PAUL
IRS990/USAddress/State0MN
IRS990/USAddress/ZIPCode055114
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR ASIF RAHMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06516476250
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10MINNESOTA EDUCATION TRUST
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0830473561
ReturnHeader/Filer/PhoneNum06516476250
ReturnHeader/Filer/USAddress/AddressLine10842 RAYMOND AVE
ReturnHeader/Filer/USAddress/City0SAINT PAUL
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055114
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454449066
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10JEFFREY L PETERSEN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101670 ROBERT ST S 335
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0W ST PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0551183918
ReturnHeader/PreparerPersonGrp/PhoneNum06514509668
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY L PETERSEN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02014-11-17T22:42:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,914,146
Liabilities
$70,063
Net assets
$6,844,083
Revenue
$463,223
Expenses
$933,143
Net income
-$469,920
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$0.07$11.1$1.98$2.36$0.38
2021Detailed filing. Detailed filing data is available for this year.$12.2$0.03$12.3$1.36$1.42$0.06
2020Detailed filing. Detailed filing data is available for this year.$11.8$0.11$11.7$1.19$0.85$0.34
2019Detailed filing. Detailed filing data is available for this year.$11.1$0.19$10.9$1.15$1.42$0.26
2018Summary only. Only limited summary data is available for this year.$11.2$0.14$11.1$2.03$1.84$0.19
2017Detailed filing. Detailed filing data is available for this year.$11.1$0.10$11.0$2.08$2.46$0.38
2016Detailed filing. Detailed filing data is available for this year.$11.3$0.12$11.1$5.65$2.46$3.19
2015Detailed filing. Detailed filing data is available for this year.$8.05$0.11$7.94$2.48$1.06$1.42
2014Detailed filing. Detailed filing data is available for this year.$6.68$0.07$6.61$0.60$0.84$0.24
2013Detailed filing. Detailed filing data is available for this year.$6.91$0.07$6.84$0.46$0.93$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.06$0.04$7.03$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.83$0.07$5.75$0.35
2010Summary only. Only limited summary data is available for this year.$5.42$0.00$5.42$1.04$0.19$0.85