Civic Intelligence

Generations Incorporation

990 • Fiscal year 2022 • EIN 41-1381175

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 21, 2023

105 S EsteyLuverne, MN 56156-1839

(507) 227-0682

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.14x

Higher debt load relative to assets than 62% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

0.43x

Higher debt load relative to revenue than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

95th percentile

73%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

58th percentile

4.8%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-33%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,449,355

Up $66,777 (+4.8%) from 2021

Net Assets

Up

$1,247,856

Up $345,278 (+38%) from 2021

Liabilities

Down

$201,499

Down $278,501 (-58%) from 2021

Revenue

Down

$471,412

Down $231,120 (-33%) from 2021

Expenses

Up

$126,134

Up $17,085 (+16%) from 2021

Net Income

Down

$345,278

Down $248,205 (-42%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2021: $1,382,578Liabilities 2021: $480,000Net Assets 2021: $902,5782021Assets 2022: $1,449,355Liabilities 2022: $201,499Net Assets 2022: $1,247,8562022Assets 2023: $1,430,098Liabilities 2023: $0Net Assets 2023: $1,430,0982023Assets 2024: $1,457,213Liabilities 2024: $0Net Assets 2024: $1,457,2132024

Highlighted filing

2022

Assets$1,449,355
Liabilities$201,499
Net Assets$1,247,856

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2021: $702,532Expenses 2021: $109,049Net Income 2021: $593,4832021Revenue 2022: $471,412Expenses 2022: $126,134Net Income 2022: $345,2782022Revenue 2023: $274,292Expenses 2023: $92,050Net Income 2023: $182,2422023Revenue 2024: $126,908Expenses 2024: $99,793Net Income 2024: $27,1152024

Highlighted filing

2022

Revenue$471,412
Expenses$126,134
Net Income$345,278
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 21, 2023
Return Version
2022v5.0
Gross Receipts
$471,412
Mission and Program Overview

Mission

To provide facilities and resources for the social gatherings to senior citizens. By providing facilities and resources this will encourage meeting, provide assistance, entertainment, companionship and develop friends of all ages and generations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$902,578$1,247,856▲ $345,278
Land, Buildings, and Equipment, Net$962,153$1,216,504▲ $254,351
Pledges and Grants Receivable$176,400$115,800▼ $60,600
Savings and Temporary Cash Investments$209,243$82,643▼ $126,600
Cash and Non-Interest-Bearing Accounts$34,782$34,408▼ $374
Total Assets$1,382,578$1,449,355▲ $66,777
Liabilities
Unsecured Notes Loans Payable$480,000$201,499▼ $278,501
Total Liabilities$480,000$201,499▼ $278,501
Net Assets / Fund Balance
Total Net Assets Fund Balance$902,578$1,247,856▲ $345,278
Total Liabilities and Net Assets / Fund Balance$1,382,578$1,449,355▲ $66,777

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$888,435$36,565$925,000
Other Land Buildings$278,069$13,512$291,581
Land$50,000-$50,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
George a BonnemaPresident
Lynette J HoilandDirector
Barbara J BorkIndividual T
Betty J MannIndividual T
Bruce ThielbarIndividual T
Carlen ClaussenIndividual T
Judith D FenskeIndividual T
Kenneth W VosIndividual T
Marian R SchneeklothIndividual T
Mary C GehrkeIndividual T
Roger D HendersonIndividual T
Connie FrahmTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$419,568
Program Service Revenue
$27,068
Investment Income
$24,776
Other Revenue
$0
All Other Contributions
$407,341
Change in Net Assets
$345,278
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$126,134
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
Depreciation Depletion$37,230--$37,230
Occupancy$30,155--$30,155
Interest$11,377--$11,377
Fees for Service Investment Mgmnt Fees$9,482--$9,482
Fees for Services Legal$6,290--$6,290
All Other Expenses$1,931--$1,931
Other Expenses$1,570--$1,570
Fees for Services Accounting$920--$920
Total Functional Expenses$126,134$0$0$126,134
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
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Generations Inc
EIN
41-1381175
Phone
5072270682
Address
105 S ESTEY, LUVERNE, MN 56156-1839

Signing Officer

Name
George a Bonnema
Title
President
Phone
5072270682
Signed
2023-09-21

Organization Details

Principal Officer
George a Bonnema
Formed
2020
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
25

Preparer

Firm
Meulebroeck Taubert & Co Pllp
Address
109 S FREEMAN AVE, LUVERNE, MN 56156-0685
Preparer
David W Friedrichsen
Phone
5072834055
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide facilities and resources for the social gatherings to senior citizens. By providing facilities and resources this will encourage meeting, provide assistance, entertainment, companionship and develop friends of all ages and generations.

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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/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalProgramServiceRevenueAmt027068
IRS990/TotalRevenueGrp/ExclusionAmt027068
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0471412
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IRS990/USAddress/ZIPCd0561561753
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE A BONNEMA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05072270682
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GENERATIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0GENE
ReturnHeader/Filer/EIN0411381175
ReturnHeader/Filer/PhoneNum05072270682
ReturnHeader/Filer/USAddress/AddressLine1Txt0105 S ESTEY
ReturnHeader/Filer/USAddress/CityNm0LUVERNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411987097
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MEULEBROECK TAUBERT & CO PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0109 S FREEMAN AVE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
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ReturnHeader/PreparerPersonGrp/PhoneNum05072834055
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID W FRIEDRICHSEN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-10-23T10:43:34-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GEORGE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BONNEMA
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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