Forward New Prague Foundation
Nonprofit profile at a glance
- EIN
- 921785025
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025
- Location
- New Prague, MN, USA
- Phone
- 6123253981
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $376,174
- Expenses
- $162,459
- Assets
- $808,456
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- DEN GARDNER (CHAIR)
- BRUCE WOLF (TREASURER/FINANCIAL OFFICER)
- ELIZABETH NEIDERHEISER (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To build a multi-purpose outdoor performance facility to celebrate the arts and other community gatherings - from music to theatre to dance to visual arts...and much more!
What it reported doing in 2025
Cities small and large throughout Minnesota encourage and entertain arts lovers throughout the year at outdoor venues to promote those interested in performing for the public. New prague, a vibrant city of 8,100 people, has no outdoor performance facility. "it's time" is the catchphrase/motto for a community-wide effort to make this type of facility a reality in new prague. Why are we undertaking this effort? To complete a long-standing need of new prague to provide this type of venue for community use. Creating outdoor arts events in new prague with a tent/canopy is not a long-term solution.to collaborate with the city, school, community organizations, other community leaders and arts' groups to build a venue the community can be proud of; and to show the importance of meeting the needs of the community together.to provide a venue for family entertainment throughout the year.to provide opportunities for people young and old to showcase their talents.to create a facility that is a showcase for the southwest metro area that shines a positive light on the city of new prague.
Operating model
- Revenue model
- Donor-supported. 92% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 84
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.4%; rating input score 47
- Program expense ratio: 99.8%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 56.8%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 4.98; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 110.6% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 17.2% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 52.4% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 47.4% of revenue deployed · 99.8% of spending went to programs
- Governance: 4 of 4 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $162K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 13 of 13 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- High — Accountability: Governance controls: 4 of 6 not reported.