Civic Intelligence

Asante Foundation Inc

EIN 20-3554641 • South Bend, IN

202 S Michigan St 910South Bend, IN 46601
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.00x

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

$100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.00x

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

$100M-$250M nonprofits • Source year 2024

Net Margin

8th percentile

-30%

Higher net margin than 8% of similar nonprofits.

$100M-$250M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$290,000

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

$100M-$250M nonprofits • Source year 2024

Asset Growth

18th percentile

-2.1%

Faster asset growth than 18% of similar nonprofits.

$100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

19%

Faster revenue growth than 71% of similar nonprofits.

$100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$156,701,693

Down $3,321,768 (-2.1%) from 2023

Liabilities

Down

$0

Down $55,000 (-100%) from 2023

Net Assets

Down

$156,701,693

Down $3,266,768 (-2.0%) from 2023

Revenue

Up

$10,677,319

Up $1,687,585 (+19%) from 2023

Expenses

Down

$13,878,378

Down $2,994,588 (-18%) from 2023

Net Income

Up

-$3,201,059

Up $4,682,173 (+59%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2011: $47,349,605Liabilities 2011: $02011Assets 2012: $49,044,718Liabilities 2012: $02012Assets 2013: $49,017,598Liabilities 2013: $02013Assets 2014: $49,582,598Liabilities 2014: $02014Assets 2015: $51,596,815Liabilities 2015: $02015Assets 2019: $163,460,203Liabilities 2019: $02019Assets 2020: $163,618,832Liabilities 2020: $0Net Assets 2020: $163,618,8322020Assets 2021: $170,490,031Liabilities 2021: $0Net Assets 2021: $170,490,0312021Assets 2022: $167,802,410Liabilities 2022: $55,000Net Assets 2022: $167,747,4102022Assets 2023: $160,023,461Liabilities 2023: $55,000Net Assets 2023: $159,968,4612023Assets 2024: $156,701,693Liabilities 2024: $0Net Assets 2024: $156,701,6932024

Highlighted filing

2024

Assets$156,701,693
Liabilities$0
Net Assets$156,701,693

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MRevenue 2011: $3,835,662Expenses 2011: $7,945,053Net Income 2011: -$4,109,3912011Revenue 2012: $4,376,779Expenses 2012: $2,688,500Net Income 2012: $1,688,2792012Revenue 2013: $2,502,192Expenses 2013: $2,533,254Net Income 2013: -$31,0622013Revenue 2014: $5,212,465Expenses 2014: $4,647,465Net Income 2014: $565,0002014Revenue 2015: $4,911,591Expenses 2015: $2,897,374Net Income 2015: $2,014,2172015Revenue 2019: $7,670,206Expenses 2019: $7,701,875Net Income 2019: -$31,6692019Revenue 2020: $7,400,694Expenses 2020: $7,563,163Net Income 2020: -$162,4692020Revenue 2021: $16,382,298Expenses 2021: $9,942,545Net Income 2021: $6,439,7532021Revenue 2022: $9,694,373Expenses 2022: $12,264,331Net Income 2022: -$2,569,9582022Revenue 2023: $8,989,734Expenses 2023: $16,872,966Net Income 2023: -$7,883,2322023Revenue 2024: $10,677,319Expenses 2024: $13,878,378Net Income 2024: -$3,201,0592024

Highlighted filing

2024

Revenue$10,677,319
Expenses$13,878,378
Net Income-$3,201,059

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.2
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NANCY ICKLERExec. Director & SecretaryFT$244,000$46,000$290,000
LAURA JENSENAssociate DirectorFT$139,848-$139,848
MARCIA S VELDMANDirector/VP & Program OfficerPT$26,600-$26,600
THOMAS F VELDMANDirector/President-$0--
CONNIE V JOINESDirector/VP & Asst. Secretary-$0--
SHARON EDMONDSDirector/VP & Treasurer-$0--
ANITA J VELDMANDirector/VP-$0--
MICHAEL A JOINESDirector/VP-$0--
MATTHEW E EDMONDSDirector/VP-$0--
DAVID P VELDMANDirector/VP-$0--
MARK P VELDMANDirector/VP-$0--
Filing and Contact Details

Filer

Filer Name
Asante Foundation Inc
EIN
20-3554641
Phone
5742615270
Address
202 S MICHIGAN ST 910, SOUTH BEND, IN 46601

Signing Officer

Name
Thomas Veldman
Title
President
Phone
5749684194
Signed
2025-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
123 NORTH WACKER DRIVE SUITE 1400, CHICAGO, IL 60606
Preparer
Tamara Partridge
Phone
2126971000
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt51135442
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt53350556
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt55123576
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt60637070
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt62325655
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt63538767
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt64503877
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt65510185
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd65AT COST
IRS990PF/AnalysisIncomeProducingActyGrp/DividendsAndInterestFromSecDtl/ExclusionAmt03713495
IRS990PF/AnalysisIncomeProducingActyGrp/DividendsAndInterestFromSecDtl/ExclusionCd014
IRS990PF/AnalysisIncomeProducingActyGrp/GainSalesAstOthThanInvntryGrp/ExclusionAmt05664342
IRS990PF/AnalysisIncomeProducingActyGrp/GainSalesAstOthThanInvntryGrp/ExclusionCd018
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/ExclusionAmt0362744
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/ExclusionCd014
IRS990PF/AnalysisIncomeProducingActyGrp/OtherInvestmentIncomeGrp/ExclusionAmt0882588
IRS990PF/AnalysisIncomeProducingActyGrp/OtherInvestmentIncomeGrp/ExclusionCd014
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc0PY GRANT RECOVERY
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt051825
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd001
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/ExclusionAmt010674994
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/RelatedOrExemptFunctionIncmAmt00
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/UnrelatedBusinessTaxblIncmAmt00
IRS990PF/AnalysisIncomeProducingActyGrp/TotalIncomeProducingActyAmt010674994
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesChrtblPrpsAmt03100
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesNetInvstIncmAmt027900
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesRevAndExpnssAmt031000
IRS990PF/AnalysisOfRevenueAndExpenses/CapGainNetIncmNetInvstIncmAmt05664342
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstDsbrsChrtblAmt0391256
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstNetInvstIncmAmt019193
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstRevAndExpnssAmt0410449
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidDsbrsChrtblAmt011781883
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidRevAndExpnssAmt011781883
IRS990PF/AnalysisOfRevenueAndExpenses/ContriRcvdRevAndExpnssAmt02325
IRS990PF/AnalysisOfRevenueAndExpenses/DividendsNetInvstIncmAmt03713495
IRS990PF/AnalysisOfRevenueAndExpenses/DividendsRevAndExpnssAmt03713495
IRS990PF/AnalysisOfRevenueAndExpenses/ExcessRevenueOverExpensesAmt0-3201059
IRS990PF/AnalysisOfRevenueAndExpenses/GrossSalesPriceAmt042855306
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavNetInvstIncmAmt0362744
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavRevAndExpnssAmt0362744
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesDsbrsChrtblAmt0655
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesRevAndExpnssAmt0655
IRS990PF/AnalysisOfRevenueAndExpenses/NetGainSaleAstRevAndExpnssAmt05664342
IRS990PF/AnalysisOfRevenueAndExpenses/NetInvestmentIncomeAmt09143971
IRS990PF/AnalysisOfRevenueAndExpenses/OccupancyDsbrsChrtblAmt028565
IRS990PF/AnalysisOfRevenueAndExpenses/OccupancyNetInvstIncmAmt01503
IRS990PF/AnalysisOfRevenueAndExpenses/OccupancyRevAndExpnssAmt030068
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesDsbrsChrtblAmt013113
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesNetInvstIncmAmt0523131
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesRevAndExpnssAmt0536244
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeNetInvstIncmAmt0882588
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeRevAndExpnssAmt0934413
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesDsbrsChrtblAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesNetInvstIncmAmt0811325
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesRevAndExpnssAmt0811325
IRS990PF/AnalysisOfRevenueAndExpenses/PensionEmplBnftDsbrsChrtblAmt070134
IRS990PF/AnalysisOfRevenueAndExpenses/PensionEmplBnftNetInvstIncmAmt03691
IRS990PF/AnalysisOfRevenueAndExpenses/PensionEmplBnftRevAndExpnssAmt073825
IRS990PF/AnalysisOfRevenueAndExpenses/ScheduleBNotRequiredInd0X
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesDsbrsChrtblAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesNetInvstIncmAmt091291
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesRevAndExpnssAmt0191291
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesDsbrsChrtblAmt012299180
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesNetInvstIncmAmt01479198
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesRevAndExpnssAmt013878378
IRS990PF/AnalysisOfRevenueAndExpenses/TotalNetInvstIncmAmt010623169
IRS990PF/AnalysisOfRevenueAndExpenses/TotalRevAndExpnssAmt010677319
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt0517297
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesNetInvstIncmAmt01479198
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesRevAndExpnssAmt02096495
IRS990PF/AnalysisOfRevenueAndExpenses/TravConfMeetingDsbrsChrtblAmt010474
IRS990PF/AnalysisOfRevenueAndExpenses/TravConfMeetingNetInvstIncmAmt01164
IRS990PF/AnalysisOfRevenueAndExpenses/TravConfMeetingRevAndExpnssAmt011638

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