Civic Intelligence

Rask Memorial Fund Founded in Memory of Michael Paul Rask 1959-

990 • Fiscal year 2020 • EIN 93-0736827

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 04, 2021

PO Box 368Clackamas, OR 97015

(503) 287-7326

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

55th percentile

7.9%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

34th percentile

0.5%

Faster asset growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-39%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,341,667

Up $6,088 (+0.5%) from 2019

Net Assets

Up

$1,341,667

Up $6,088 (+0.5%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$76,918

Down $48,868 (-39%) from 2019

Expenses

Down

$70,830

Down $6,688 (-8.6%) from 2019

Net Income

Down

$6,088

Down $42,180 (-87%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $894,228Liabilities 2010: $0Net Assets 2010: $894,2282010Assets 2011: $920,758Liabilities 2011: $0Net Assets 2011: $920,7582011Assets 2012: $945,168Liabilities 2012: $0Net Assets 2012: $945,1682012Assets 2013: $993,940Liabilities 2013: $0Net Assets 2013: $993,9402013Assets 2014: $1,071,004Liabilities 2014: $0Net Assets 2014: $1,071,0042014Assets 2015: $1,175,426Liabilities 2015: $0Net Assets 2015: $1,175,4262015Assets 2016: $1,202,765Liabilities 2016: $0Net Assets 2016: $1,202,7652016Assets 2017: $1,249,349Liabilities 2017: $0Net Assets 2017: $1,249,3492017Assets 2018: $1,287,311Liabilities 2018: $0Net Assets 2018: $1,287,3112018Assets 2019: $1,335,579Liabilities 2019: $0Net Assets 2019: $1,335,5792019Assets 2020: $1,341,667Liabilities 2020: $0Net Assets 2020: $1,341,6672020Assets 2021: $1,420,909Liabilities 2021: $0Net Assets 2021: $1,420,9092021Assets 2022: $1,446,593Liabilities 2022: $0Net Assets 2022: $1,446,5932022Assets 2023: $1,463,594Liabilities 2023: $0Net Assets 2023: $1,463,5942023Assets 2024: $1,521,022Liabilities 2024: $0Net Assets 2024: $1,521,0222024

Highlighted filing

2020

Assets$1,341,667
Liabilities$0
Net Assets$1,341,667

Operations Trend

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

$200K$150K$100K$50K$0Revenue 2010: $58,723Expenses 2010: $38,560Net Income 2010: $20,1632010Revenue 2011: $68,886Expenses 2011: $42,356Net Income 2011: $26,5302011Expenses 2012: $34,6502012Revenue 2013: $91,766Expenses 2013: $42,994Net Income 2013: $48,7722013Revenue 2014: $126,281Expenses 2014: $49,217Net Income 2014: $77,0642014Revenue 2015: $159,120Expenses 2015: $54,698Net Income 2015: $104,4222015Revenue 2016: $96,999Expenses 2016: $69,660Net Income 2016: $27,3392016Revenue 2017: $121,771Expenses 2017: $75,187Net Income 2017: $46,5842017Revenue 2018: $119,016Expenses 2018: $81,054Net Income 2018: $37,9622018Revenue 2019: $125,786Expenses 2019: $77,518Net Income 2019: $48,2682019Revenue 2020: $76,918Expenses 2020: $70,830Net Income 2020: $6,0882020Revenue 2021: $152,451Expenses 2021: $73,209Net Income 2021: $79,2422021Revenue 2022: $100,071Expenses 2022: $74,387Net Income 2022: $25,6842022Revenue 2023: $90,148Expenses 2023: $73,147Net Income 2023: $17,0012023Revenue 2024: $141,365Expenses 2024: $83,937Net Income 2024: $57,4282024

Highlighted filing

2020

Revenue$76,918
Expenses$70,830
Net Income$6,088
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 4, 2021
Return Version
2020v4.0
Gross Receipts
$95,049
Mission and Program Overview

Mission

Education scholarships and assistance to the needy

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,335,579$1,341,667▲ $6,088
Investments in Publicly Traded Securities$1,330,766$1,327,171▼ $3,595
Cash and Non-Interest-Bearing Accounts$4,813$14,496▲ $9,683
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,335,579$1,341,667▲ $6,088
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,335,579$1,341,667▲ $6,088
Total Liabilities and Net Assets / Fund Balance$1,335,579$1,341,667▲ $6,088
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$11,114
Program Service Revenue
$0
Investment Income
$65,804
Other Revenue
$0
All Other Contributions
$11,114
Change in Net Assets
$6,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,000
Other Expenses$10,830
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$60,000--$60,000
Fees for Service Investment Mgmnt Fees-$9,399-$9,399
Other Expenses-$114-$114
Total Functional Expenses$60,000$10,830$0$70,830
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ccc FoundationOregon City, OR-General Scholarship$15,000
De La Salle North Catholic HsPortland, OR-General Scholarship$15,000
Mt Scott Learning CenterPortland, OR-General Scholarship$10,000
Pcc FoundationPortland, OR-General Scholarship$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

All board members receive an electronic copy of form 990 and attachments before filing. No formal review was or will be conducted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The board of trustees consistently monitor any conflicts of interests that occur.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

NOT APPLICABLE

Filing and Contact Details

Filer

Filer Name
Rask Memorial Fund
EIN
93-0736827
Phone
5032877326
Address
PO Box 368, Clackamas, OR 97015

Signing Officer

Name
Kayla Aalberg
Title
Secretary
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Formed
1979
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Bruce Ashford Certified Public Accountant
Address
4838 NE Sandy Blvd Suite A, Portland, OR 97213
Preparer
Bruce W Ashford
Phone
5032877326
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: general scholarship available to students at the community transitional school.

Raw XML AppendixShowing 400 of 460 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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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0111114
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt011490
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt012855
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt06930
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0144689
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt029410
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt036672
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt028136
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt028397
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt019645
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0142260
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt078420
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt073760
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt060888
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0213068
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt029410
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt036672
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt028136
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt028397
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt019645
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0142260
IRS990ScheduleA/InvestmentIncomeCYPct00.28450
IRS990ScheduleA/InvestmentIncomePYPct00.28410
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.69550
IRS990ScheduleA/PublicSupportPY509Pct00.65280
IRS990ScheduleA/PublicSupportTotal509Amt0347757
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt010000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0111114
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt080720
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt011490
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt086615
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt067818
IRS990ScheduleA/Total509Grp/TotalAmt0357757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0140524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0117392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt039626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0115012
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt087463
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0500017
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SCHOLARSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SCHOLARSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL SCHOLARSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL SCHOLARSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CCC FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DE LA SALLE NORTH CATHOLIC HS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MT SCOTT LEARNING CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3PCC FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0930579576
IRS990ScheduleI/RecipientTable/RecipientEIN1931287554
IRS990ScheduleI/RecipientTable/RecipientEIN2931189089
IRS990ScheduleI/RecipientTable/RecipientEIN3930811291
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt019600 MOLALLA AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt17528 N FENWICK AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt26148 SE HOLGATE BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt312000 SW 49TH AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OREGON CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm2PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm3PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2OR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3OR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd097045
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd197217
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd297206
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd397219
IRS990ScheduleI/Total501c3OrgCnt04
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: GENERAL SCHOLARSHIP AVAILABLE TO STUDENTS AT THE COMMUNITY TRANSITIONAL SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS RECEIVE AN ELECTRONIC COPY OF FORM 990 AND ATTACHMENTS BEFORE FILING. NO FORMAL REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES CONSISTENTLY MONITOR ANY CONFLICTS OF INTERESTS THAT OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NOT APPLICABLE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01335579
IRS990/TotalAssetsEOYAmt01341667
IRS990/TotalAssetsGrp/BOYAmt01335579
IRS990/TotalAssetsGrp/EOYAmt01341667
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt011114
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010830
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt060000
IRS990/TotalFunctionalExpensesGrp/TotalAmt070830
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.00$1.52$0.14$0.08$0.06
2023Summary only. Only limited summary data is available for this year.$1.46$0.00$1.46$0.09$0.07$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.00$1.45$0.10$0.07$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.00$1.42$0.15$0.07$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.08$0.07$0.01
2019Summary only. Only limited summary data is available for this year.$1.34$0.00$1.34$0.13$0.08$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.00$1.29$0.12$0.08$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.00$1.25$0.12$0.08$0.05
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.00$1.20$0.10$0.07$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.16$0.05$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.13$0.05$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.09$0.04$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.00$0.95$0.03
2011Summary only. Only limited summary data is available for this year.$0.92$0.00$0.92$0.07$0.04$0.03
2010Summary only. Only limited summary data is available for this year.$0.89$0.00$0.89$0.06$0.04$0.02