Civic Intelligence

Journey to Growth Partnership

990 • Fiscal year 2022 • EIN 36-3521772

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileRAEDI.COM
221 First Avenue SW Suite 600Rochester, MN 55902

(507) 288-0208

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

79th percentile

30%

Higher net margin than 79% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

100th percentile

5025%

Faster asset growth than 100% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

87%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$158,869

Up $155,769 (+5025%) from 2021

Net Assets

Up

$158,869

Up $155,769 (+5025%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin79th percentile

Revenue

$518,881

No earlier filing loaded for comparison.

Expenses

Up

$363,112

Up $361,987 (+32177%) from 2021

Net Income

$155,769

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$200K$150K$100K$50K$0Assets 2015: $25,506Liabilities 2015: $20,000Net Assets 2015: $5,5062015Assets 2016: $30,686Liabilities 2016: $0Net Assets 2016: $30,6862016Assets 2017: $43,207Liabilities 2017: $10,435Net Assets 2017: $32,7722017Assets 2018: $26,471Liabilities 2018: $7,000Net Assets 2018: $19,4712018Assets 2019: $5,450Liabilities 2019: $0Net Assets 2019: $5,4502019Assets 2020: $4,225Liabilities 2020: $0Net Assets 2020: $4,2252020Assets 2021: $3,100Liabilities 2021: $0Net Assets 2021: $3,1002021Assets 2022: $158,869Liabilities 2022: $0Net Assets 2022: $158,8692022Assets 2023: $154,471Liabilities 2023: $14,769Net Assets 2023: $139,7022023Assets 2024: $161,212Liabilities 2024: $0Net Assets 2024: $161,2122024

Highlighted filing

2022

Assets$158,869
Liabilities$0
Net Assets$158,869
Open 2022 Filing

Operations Trend

Revenue Growth87th percentile

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

$600K$400K$200K$0-$200KRevenue 2015: $88,717Expenses 2015: $99,177Net Income 2015: -$10,4602015Revenue 2016: $171,012Expenses 2016: $145,832Net Income 2016: $25,1802016Revenue 2017: $183,058Expenses 2017: $180,972Net Income 2017: $2,0862017Revenue 2018: $100,925Expenses 2018: $114,226Net Income 2018: -$13,3012018Revenue 2019: $79,685Expenses 2019: $93,706Net Income 2019: -$14,0212019Expenses 2020: $1,2252020Expenses 2021: $1,1252021Revenue 2022: $518,881Expenses 2022: $363,112Net Income 2022: $155,7692022Revenue 2023: $440,643Expenses 2023: $459,810Net Income 2023: -$19,1672023Revenue 2024: $452,612Expenses 2024: $431,102Net Income 2024: $21,5102024

Highlighted filing

2022

Revenue$518,881
Expenses$363,112
Net Income$155,769
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$518,881
Mission and Program Overview

Mission

To develop and implement economic development plans and initiatives aimed at a growing and diversifying regional economy.

The raedi foundation is organized and shall be operated exclusively to engage in, advance, support, promote, and administer charitable activities, causes and projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$104,897-
Savings and Temporary Cash Investments$3,100$53,972▲ $50,872
Land, Buildings, and Equipment, Net$0--
Total Assets$3,100$158,869▲ $155,769
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,100$158,869▲ $155,769
Total Net Assets Fund Balance$3,100$158,869▲ $155,769
Total Liabilities and Net Assets / Fund Balance$3,100$158,869▲ $155,769
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Adam BenikeChair
John BeattyPast Chair
John WadePresident
Melissa BrinkmanVice Chair
Jarret JonesSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$518,848
Program Service Revenue
$0
Investment Income
$33
Other Revenue
$0
All Other Contributions
$518,848
Change in Net Assets
$155,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$363,112
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$360,951--$360,951
Fees for Services Legal-$1,274-$1,274
Fees for Services Accounting-$590-$590
Office Expenses-$297-$297
Total Functional Expenses$360,951$2,161$0$363,112
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Section A, Line 6

“The organization has members who are not authorized to elect members of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The irs form 990 is reviewed by the executive committee for approval.”

Form 990, Part VI, Section B, Line 12C

“The board, officers, and management employees are instructed to exercise honesty and best judgment in compliance with the conflict of interest policy.”

Form 990, Part VI, Section C, Line 18

“Form 990 is available upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Raedi Foundation
EIN
36-3521772
Phone
5072880208
Address
221 FIRST AVENUE SW SUITE 600, ROCHESTER, MN 55902

Signing Officer

Name
John Wade
Title
President
Phone
5072880208
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Wade
Formed
1987
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Smith Schafer and Assoc Ltd
Address
2575 COMMERCE DRIVE NW SUITE 200, ROCHESTER, MN 55901
Preparer
Trisha L White
Phone
5072883277
Raw XML Appendix345 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS WHO ARE NOT AUTHORIZED TO ELECT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE IRS FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES ARE INSTRUCTED TO EXERCISE HONESTY AND BEST JUDGMENT IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$158,869
Liabilities
$0
Net assets
$158,869
Revenue
$518,881
Expenses
$363,112
Net income
$155,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$4.53$4.31$0.22
2023Detailed filing. Detailed filing data is available for this year.$1.54$0.15$1.40$4.41$4.60$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$5.19$3.63$1.56
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.80$0.94$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.26$0.07$0.19$1.01$1.14$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.43$0.10$0.33$1.83$1.81$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$1.71$1.46$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.20$0.06$0.89$0.99$0.10