Civic Intelligence

Minnesota Education Trust

990 • Fiscal year 2020 • EIN 83-0473561

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

Organization ProfileN/A
711 Smith Avenue SouthSt Paul, MN 55107

(651) 647-6250

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

23rd percentile

0.09x

Higher debt load relative to revenue than 23% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

82nd percentile

29%

Higher net margin than 82% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

50th percentile

6.7%

Faster asset growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

3.6%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$11,824,748

Up $745,550 (+6.7%) from 2019

Net Assets

Up

$11,715,701

Up $827,170 (+7.6%) from 2019

Liabilities

Down

$109,047

Down $81,620 (-43%) from 2019

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin82nd percentile

Revenue

Up

$1,192,968

Up $41,023 (+3.6%) from 2019

Expenses

Down

$848,716

Down $566,735 (-40%) from 2019

Net Income

Up

$344,252

Up $607,758 (+231%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2020

Assets$11,824,748
Liabilities$109,047
Net Assets$11,715,701
Open 2020 Filing

Operations Trend

Revenue Growth53rd 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

2020

Revenue$1,192,968
Expenses$848,716
Net Income$344,252
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$1,192,968
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,761,642$9,080,481▲ $318,839
Investments Other Securities$1,627,318$1,993,320▲ $366,002
Cash and Non-Interest-Bearing Accounts$328,235$223,945▼ $104,290
Accounts Receivable$260,500$201,303▼ $59,197
Total Assets$11,079,198$11,824,748▲ $745,550
Other Assets Total$101,503$325,699▲ $224,196
Liabilities
Unsecured Notes Loans Payable$50,000$65,300▲ $15,300
Accounts Payable and Accrued Expenses$124,092$27,172▼ $96,920
Deferred Revenue$16,575$16,575→ $0
Total Liabilities$190,667$109,047▼ $81,620
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,888,531$11,715,701▲ $827,170
Total Net Assets Fund Balance$10,888,531$11,715,701▲ $827,170
Total Liabilities and Net Assets / Fund Balance$11,079,198$11,824,748▲ $745,550

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,386,826$1,135,891$7,522,717
Land$2,693,655-$2,693,655
Equipment$0$41,890$41,890
Other Securities$1,993,320--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Asif RahmanPresident
Jessie FrenzelDirector
Mustapha HammidaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$86,777
Program Service Revenue
$1,098,570
Investment Income
$0
Other Revenue
$7,621
All Other Contributions
$37,045
Change in Net Assets
$344,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$693,484
Grants and Similar Amounts Paid$82,860
Salaries, Compensation, and Employee Benefits$72,372
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$82,860--$82,860
Other Salaries and Wages$72,372--$72,372
Insurance$52,350$3,651-$56,001
Fees for Services Accounting-$32,620-$32,620
Information Technology-$11,160-$11,160
Fees for Services Legal-$5,554-$5,554
Other Expenses$2,454--$2,454
Occupancy-$1,320-$1,320
All Other Expenses$343$619-$962
Fees for Services Other$625--$625
Total Functional Expenses$793,792$54,924$0$848,716
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Muslim Community CenterBloomington, MN-GRANT TO SUPPORT FULLFILLMENT OF ORGANIZATION'S MISSION$42,860
Iqra Academy of the Twin CitiesBloomington, MN-GRANT TO SUPPORT FULLFILLMENT OF ORGANIZATION'S MISSION$25,000
Students Prepared to SucceedBloomington, MN-GRANT TO SUPPORT FULLFILLMENT OF ORGANIZATION'S MISSION$10,000
Al Ihsan Islamic CenterSt Paul, MN-GRANT TO SUPPORT FULLFILLMENT OF ORGANIZATION'S MISSION$5,000
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
No
Annual disclosure for covered persons
Yes
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Our members reflect the community we serve”

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

“Members may elect the board”

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

“Subject to approval of membership”

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

“Presented and reviewed by the board prior to submission”

Form 990, Part VI, Section B, Line 12C

“All board members are required to disclose conflicts as they arise”

Form 990, Part VI, Section C, Line 19

“Available at offices and filed with the minnesota attorney general.”

Filing and Contact Details

Filer

Filer Name
Minnesota Education Trust
EIN
83-0473561
Phone
6516476250
Address
711 SMITH AVENUE SOUTH, ST PAUL, MN 55107

Signing Officer

Name
Dr Asif Rahman
Title
President
Phone
6516476250
Signed
2021-11-11
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
2
Volunteers
5

Preparer

Firm
Carpenter Evert & Associates Ltd
Address
7760 FRANCE AVE S SUITE 940, BLOOMINGTON, MN 55435
Preparer
Neal Evert
Phone
9528310085
Raw XML Appendix386 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/RecipientBusinessName/BusinessNameLine1Txt3AL IHSAN ISLAMIC CENTER
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt18201 PARK AVENUE SOUTH
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IRS990ScheduleI/RecipientTable/USAddress/CityNm1BLOOMINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BLOOMINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm3ST PAUL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd155420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd255425
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd355104
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR MEMBERS REFLECT THE COMMUNITY WE SERVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS MAY ELECT THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUBJECT TO APPROVAL OF MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRESENTED AND REVIEWED BY THE BOARD PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS AS THEY ARISE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE AT OFFICES AND FILED WITH THE MINNESOTA ATTORNEY GENERAL.
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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt011079198
IRS990/TotalAssetsGrp/EOYAmt011824748
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt086777
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054924
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0793792
IRS990/TotalFunctionalExpensesGrp/TotalAmt0848716
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0190667
IRS990/TotalLiabilitiesEOYAmt0109047
IRS990/TotalLiabilitiesGrp/BOYAmt0190667
IRS990/TotalLiabilitiesGrp/EOYAmt0109047
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IRS990/TotalProgramServiceRevenueAmt01098570
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
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ReturnHeader/Filer/BusinessNameControlTxt0MINN
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ReturnHeader/Filer/PhoneNum06516476250
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055435
ReturnHeader/PreparerPersonGrp/PhoneNum09528310085
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NEAL EVERT
ReturnHeader/ReturnTs02021-11-15T11:35:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ASIF RAHMAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,824,748
Liabilities
$109,047
Net assets
$11,715,701
Revenue
$1,192,968
Expenses
$848,716
Net income
$344,252
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