Civic Intelligence

Minnesota Education Trust

990 • Fiscal year 2014 • EIN 83-0473561

Jan 01, 2014 to Dec 31, 2014 • Filed on May 15, 2015

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.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

39th percentile

0.12x

Higher debt load relative to revenue than 39% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

7th percentile

-40%

Higher net margin than 7% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

22nd percentile

-3.4%

Faster asset growth than 22% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

83rd percentile

30%

Faster revenue growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$6,679,609

Down $234,537 (-3.4%) from 2013

Net Assets

Down

$6,608,950

Down $235,133 (-3.4%) from 2013

Liabilities

Up

$70,659

Up $596 (+0.9%) from 2013

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin7th percentile

Revenue

Up

$602,800

Up $139,577 (+30%) from 2013

Expenses

Down

$843,453

Down $89,690 (-9.6%) from 2013

Net Income

Up

-$240,653

Up $229,267 (+49%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth22nd 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

2014

Assets$6,679,609
Liabilities$70,659
Net Assets$6,608,950
Open 2014 Filing

Operations Trend

Revenue Growth83rd 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

2014

Revenue$602,800
Expenses$843,453
Net Income-$240,653
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 15, 2015
Return Version
2014v5.0
Gross Receipts
$602,800
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$4,331,419$4,232,089▼ $99,330
Investments Program Related$2,177,168$1,982,362▼ $194,806
Other Notes and Loans Receivable, Net$150,000$250,000▲ $100,000
Cash and Non-Interest-Bearing Accounts$237,309$196,460▼ $40,849
Prepaid Expenses and Deferred Charges$18,250$18,698▲ $448
Total Assets$6,914,146$6,679,609▼ $234,537
Liabilities
Accounts Payable and Accrued Expenses$70,063$70,659▲ $596
Total Liabilities$70,063$70,659▲ $596
Net Assets / Fund Balance
Unrestricted Net Assets$6,014,083$5,778,950▼ $235,133
Temporarily Rstr Net Assets$830,000$830,000→ $0
Total Net Assets Fund Balance$6,844,083$6,608,950▼ $235,133
Total Liabilities and Net Assets / Fund Balance$6,914,146$6,679,609▼ $234,537

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,240,747$709,312$2,950,059
Land$1,133,983-$1,133,983
Other Land Buildings$857,359$53,605$910,964
Equipment-$40,000$40,000
Investment Program Related Org$1,982,362--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$222,125
Program Service Revenue
$0
Investment Income
$99,675
Other Revenue
$281,000
All Other Contributions
$222,125
Change in Net Assets
$-240,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$602,800
Revenue Not Reported on Form 990
$5,520
Total Revenue per Audited Statements
$608,320
Total Revenue per Form 990
$602,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$502,453
Grants and Similar Amounts Paid$341,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$341,000--$341,000
Fees for Services Other$332,433$5,365-$337,798
Depreciation Depletion$99,330--$99,330
Insurance$38,263--$38,263
Fees for Services Legal-$10,861-$10,861
Office Expenses-$8,901-$8,901
Fees for Services Accounting-$5,650-$5,650
Occupancy-$1,650-$1,650
Total Functional Expenses$811,026$32,427$0$843,453

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$843,453
Total Expenses per Audited Statements$843,453
Total Expenses per Form 990$843,453
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mas MnInver Grove Heights, MN--$300,000
Mas ChicagoBridgview, IL--$31,000
Al-amal SchoolFridley, MN--$10,000
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

Filer Name
Minnesota Education Trust
EIN
83-0473561
Phone
6516476250
Address
842 RAYMOND AVE, SAINT PAUL, MN 55114

Signing Officer

Name
Dr Asif Rahman
Title
President
Phone
6516476250
Signed
2015-05-15
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

Firm
Jeffrey L Petersen CPA
Address
1670 ROBERT ST S 335, W ST PAUL, MN 55118-3918
Preparer
Jeffrey L Petersen CPA
Phone
6514509668
Supplemental Narrative

Additional Explanations

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

“Support of education,schools and religious centers”

Form 990, Part IX, Line 11G

“Bank charges 0 1,287 0 cable 0 3,548 0 license & permits 0 175 0 program expense 6,778 0 0 property taxes 30,477 0 0 repairs 250,153 0 0 utilities 22,780 0 0 contract labor 3,791 0 0 dues & subscriptions 0 355 0 consulting 18,454 0 0”

Raw XML Appendix370 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/TotalExpensesPerForm990Amt0843453
IRS990ScheduleD/TotalRevenuePerForm990Amt0602800
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0608320
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0843453
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt1300000
IRS990ScheduleI/RecipientTable/CashGrantAmt231000
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AL-AMAL SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MAS MN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MAS CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01401 GARDENA AVE NE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt14100 66TH ST E
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt29201 S OKETO AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FRIDLEY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1INVER GROVE HEIGHTS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BRIDGVIEW
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055432
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd155075
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd260455
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUPPORT OF EDUCATION,SCHOOLS AND RELIGIOUS CENTERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOTING AND MANAGERIAL DECISIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS MAY ELECT THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SUBJECT TO APPROVAL OF MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRESENTED AND REVIEWED BY BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL BOARD MEMBERS COMPLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD HAS ELECTED NO COMPENSATION FOR DIRECTORS OR MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOARD HAS ELECTED NO COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AVAILABLE AT OFFICES AND IS FILED WITH ATTORNEY GENERAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BANK CHARGES 0 1,287 0 CABLE 0 3,548 0 LICENSE & PERMITS 0 175 0 PROGRAM EXPENSE 6,778 0 0 PROPERTY TAXES 30,477 0 0 REPAIRS 250,153 0 0 UTILITIES 22,780 0 0 CONTRACT LABOR 3,791 0 0 DUES & SUBSCRIPTIONS 0 355 0 CONSULTING 18,454 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 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/TotalAssetsBOYAmt06914146
IRS990/TotalAssetsEOYAmt06679609
IRS990/TotalAssetsGrp/BOYAmt06914146
IRS990/TotalAssetsGrp/EOYAmt06679609
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0222125
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032427
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0811026
IRS990/TotalFunctionalExpensesGrp/TotalAmt0843453
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt070063
IRS990/TotalLiabilitiesEOYAmt070659
IRS990/TotalLiabilitiesGrp/BOYAmt070063
IRS990/TotalLiabilitiesGrp/EOYAmt070659
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06844083
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06608950
IRS990/TotalOtherProgSrvcExpenseAmt023686
IRS990/TotalProgramServiceExpensesAmt0811026
IRS990/TotalRevenueGrp/ExclusionAmt0380675
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0602800
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06914146
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06679609
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06014083
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05778950
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0842 RAYMOND AVE
IRS990/USAddress/CityNm0SAINT PAUL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055114
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR ASIF RAHMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06516476250
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA EDUCATION TRUST
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0830473561
ReturnHeader/Filer/PhoneNum06516476250
ReturnHeader/Filer/USAddress/AddressLine1Txt0842 RAYMOND AVE
ReturnHeader/Filer/USAddress/CityNm0SAINT PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055114
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454449066
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JEFFREY L PETERSEN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01670 ROBERT ST S 335
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0W ST PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0551183918
ReturnHeader/PreparerPersonGrp/PhoneNum06514509668
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY L PETERSEN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-05-15T21:49:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,679,609
Liabilities
$70,659
Net assets
$6,608,950
Revenue
$602,800
Expenses
$843,453
Net income
-$240,653
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