Tischer Creek Duluth Buildingcompany
- Assets
- $17.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 03/2008
- Data as of
- 06/2021
- EIN
- 20-8386877
Organization Overview
Tischer Creek Duluth Buildingcompany is located in Duluth, MN. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tischer Creek Duluth Buildingcompany is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Tischer Creek Duluth Buildingcompany generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TISCHER CREEK DULUTH BUILDING COMPANY (TCDBC) IS A NOT-FOR-PROFIT COMPANY INCORPORATED IN THE STATE OF MINNESOTA FOR THE PURPOSE OF OWNING SCHOOL FACILITIES TO BE LEASED BY DULUTH PUBLIC SCHOOLS ACADEMY (DPSA) CHARTER SCHOOLS FOR EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONGOING TENANT RELATIONSHIP MANAGEMENT. WE CONTINUE TO MONITOR CAPITAL NEEDS AND ISSUES RELATED TO THE SCHOOL LAND AND STRUCTURES FOR NEEDED REPAIR, UPKEEP, OR IMPROVEMENTS. CAPITAL PROJECTS COMPLETED HAVE INCLUDED STRUCTURAL REPAIRS AND OTHER IMPROVEMENTS. WE CONTINUED TO DEVELOP AN ONGOING 5 YEAR FACILITIES NEED ASSESSMENT AND PLAN IN COLLABORATION WITH SCHOOL LEADERSHIP. DEVELOPMENT OF GREEN SPACE AT THE NORTH STAR CAMPUS REMAINS A PRIORITY. SIGNIFICANT ANALYSIS, RESEARCH, AND DEVELOPMENT PLANNING HAS BEEN CONDUCTED TO ACCOMPLISH THIS DESIRE. ADDITIONAL PLANNING IS ONGOING TO DETERMINE APPROPRIATE LAND MANAGEMENT PLAN AND PLAN IMPLEMENTATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Goossens President | OfficerTrustee | 10 | $1,125 |
Damien Kujawa Treasurer/secretary | OfficerTrustee | 1 | $563 |
Dmitriy Perelstein Board Member | Trustee | 1 | $0 |
Marc Letendre Board Member | Trustee | 1 | $0 |
Jennie Molina Kujawa Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,678,860 |
| Investment income | $106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,688,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,140 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,063 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,918 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,667 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $929,032 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $484,049 |
| Insurance | $4,559 |
| All other expenses | $6,007 |
| Total functional expenses | $1,501,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $634,204 |
| Savings and temporary cash investments | $1,779,254 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $241 |
| Net Land, buildings, and equipment | $14,916,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,330,550 |
| Accounts payable and accrued expenses | $171,154 |
| Grants payable | $0 |
| Deferred revenue | $71,189 |
| Tax-exempt bond liabilities | $18,020,091 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,384 |
| Total liabilities | $18,269,818 |
| Net assets without donor restrictions | -$939,268 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,330,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |
Stepping Stones Of Dunn County Inc Menomonie, WI | $1,791,074 | $2,010,388 |
Remick Family Foundation Rochester, MN | $37,696,720 | $873,083 |
Tischer Creek Duluth Buildingcompany Duluth, MN | $17,330,550 | $1,688,178 |
Cla Foundation Minneapolis, MN | $886,971 | $1,572,520 |
Veridian Foundation Inc Madison, WI | $20,197 | $1,208,500 |
Adient Foundation Inc Milwaukee, WI | $24,102,147 | $1,188,261 |