Community for the Commons EIN 47-3932701 Form 990 (PDF) Claim this org

Community for the Commons

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Improves and enhances Commons Park in Excelsior, MN. For fiscal year 2024 it reported $96K in revenue, $80K in expenses, and $652K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Excelsior, MN
Website
communityforthecommons.org
Filings
4 on file (2021–2024)
Revenue
$96KFY2024
Expenses
$80K
Net assets
$652K
People
14
Filings
4
Updates
0
More identity details & actions ⌄
EIN  47-3932701 Public charity (501(c)(3)) Excelsior, MN
Form 990 (PDF)
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Size
<$100K
What they do
Improves and enhances Commons Park in Excelsior, MN.
Leadership
Sheila McMillan · Board Chair
Money in and out
$96K revenue, $80K expenses
Bottom line
96% program efficiency
Where the money goes · FY2024
Total revenue
$96K
Pt VIII · Ln 12
Total expenses
$80K
Pt IX · Ln 25
Net assets
$652K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $16K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
97.7mo
months of highly liquid reserves at operating expense rate▲ +71% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▼ -68% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$96K
FY2024▼ -65%
Expenses
$80K
FY2024▼ -40%
Total assets
$652K
FY2024▲ +2%
Total liabilities
$0
FY2024
Total revenue
$96K
Pt VIII · Ln 12
Total expenses
$80K
Pt IX · Ln 25
Net assets
$652K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$652K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommunity for the Commons
EINHdr · item D47-3932701
Principal addressHdr · item CExcelsior, MN
WebsiteHdr · item Jcommunityforthecommons.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N32)
Ruling yearIRS BMFMay 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $77K of program spending, described in the organization's own filed words · FY2024.
01

Contribution of funds to or on behalf of the city of excelsior to fund projects at the commons park such as improvements outlined in the master plan and other park amenities including picnic and seating areas and landscaping improvements.

$77Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$69K · 72%
Investment income$27K · 28%
Contributions & grants72%$69K
Investment income28%$27K
Total revenueLn 12$96K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$77K
Management & general4%$4K
Total functional expensesLn 25$80K

Balance Sheet

Part X · end of year
CashLn 1$68K
Total assetsLn 16$652K
Total liabilitiesLn 26$0
Total net assetsLn 32$652K
Months of cash on handcomputed10.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $652K · Operating expenses/yr $80K
97.7 months
Where the money goes
Program services
Program services $77K · Total expenses $80K
96%
Management & General
Management & general $4K · Total expenses $80K
4%
Fundraising
Fundraising $0 · Total expenses $80K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $229K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $69K · Total revenue $96K
72%
Government reliance
Government grants — · Total revenue $96K
Earned-income share
Program service revenue $0 · Total revenue $96K
0%
Investment reliance
Investment income $27K · Total revenue $96K
+28%
Program self-sufficiency
Program service revenue $0 · Total expenses $80K
0%
Growth & trend
Revenue growth (YoY)
This year $96K · Prior year $277K
-65%
Net-asset trend (YoY)
End of year $652K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $96K · Expenses $80K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $652K
Net-asset ratio
Net assets $652K · Total assets $652K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $584K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $652K
90%
People & payroll
Highest Reported Total Compensation
Individual Sheila McMillan · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $80K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $80K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth -65%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $429K · 2021–2024
City of ExcelsiorFY2024$63,393
City of ExcelsiorFY2023$84,922
City of ExcelsiorFY2022$108,195
City of ExcelsiorFY2021$172,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$96K revenue · viewing · ⤓ 990 PDF
FY2023$277K revenue · ⤓ 990 PDF
FY2022$354K revenue · ⤓ 990 PDF
FY2021$214K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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