Civic Intelligence

Veit Foundation

990PF • Fiscal year 2023 • EIN 41-1948093

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization Profile
8552 Baker Avenue NWBuffalo, MN 55362

(612) 499-2794

Siviq Scores

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

Liabilities / Assets

54th percentile

0.13x

Higher debt load relative to assets than 54% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

1.41x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Source year 2023

Net Margin

86th percentile

45%

Higher net margin than 86% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2023 filings • $10M-$25M nonprofits • Source year 2023

Asset Growth

45th percentile

3.0%

Faster asset growth than 45% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

57th percentile

9.4%

Faster revenue growth than 57% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$16,091,694

Up $466,108 (+3.0%) from 2022

Net Assets

Up

$14,032,102

Up $652,264 (+4.9%) from 2022

Liabilities

Down

$2,059,592

Down $186,156 (-8.3%) from 2022

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin86th percentile

Revenue

Up

$1,463,200

Up $126,255 (+9.4%) from 2022

Expenses

Down

$810,936

Down $169,316 (-17%) from 2022

Net Income

Up

$652,264

Up $295,571 (+83%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $9,024,723Liabilities 2011: $164,1772011Assets 2012: $9,579,087Liabilities 2012: $8,5662012Assets 2013: $9,470,231Liabilities 2013: $02013Assets 2014: $8,373,586Liabilities 2014: $02014Assets 2015: $7,913,150Liabilities 2015: $02015Assets 2018: $15,109,296Liabilities 2018: $2,886,4652018Assets 2019: $15,921,258Liabilities 2019: $2,746,358Net Assets 2019: $13,174,9002019Assets 2020: $16,378,964Liabilities 2020: $2,556,193Net Assets 2020: $13,822,7712020Assets 2021: $15,418,813Liabilities 2021: $2,395,668Net Assets 2021: $13,023,1452021Assets 2022: $15,625,586Liabilities 2022: $2,245,748Net Assets 2022: $13,379,8382022Assets 2023: $16,091,694Liabilities 2023: $2,059,592Net Assets 2023: $14,032,1022023Assets 2024: $17,074,747Liabilities 2024: $1,895,879Net Assets 2024: $15,178,8682024

Highlighted filing

2023

Assets$16,091,694
Liabilities$2,059,592
Net Assets$14,032,102
Open 2023 Filing

Operations Trend

Revenue Growth57th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,216,027Expenses 2011: $162,048Net Income 2011: $1,053,9792011Revenue 2012: $940,406Expenses 2012: $230,431Net Income 2012: $709,9752012Revenue 2013: $101,865Expenses 2013: $233,680Net Income 2013: -$131,8152013Revenue 2014: $114,750Expenses 2014: $181,989Net Income 2014: -$67,2392014Revenue 2015: $695,513Expenses 2015: $1,183,540Net Income 2015: -$488,0272015Revenue 2018: $1,755,609Expenses 2018: $606,426Net Income 2018: $1,149,1832018Revenue 2019: $1,458,051Expenses 2019: $505,982Net Income 2019: $952,0692019Revenue 2020: $1,214,695Expenses 2020: $566,824Net Income 2020: $647,8712020Revenue 2021: $1,245,815Expenses 2021: $813,969Net Income 2021: $431,8462021Revenue 2022: $1,336,945Expenses 2022: $980,252Net Income 2022: $356,6932022Revenue 2023: $1,463,200Expenses 2023: $810,936Net Income 2023: $652,2642023Revenue 2024: $2,541,412Expenses 2024: $809,646Net Income 2024: $1,731,7662024

Highlighted filing

2023

Revenue$1,463,200
Expenses$810,936
Net Income$652,264
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
VAUGHN A VEITCEO, TreasurerPT$0--
ANDY ANDERSONDirector-$0--
KELLY VEITVice President-$0--
Filing and Contact Details

Filer

Filer Name
Veit Foundation
EIN
41-1948093
Phone
6124992794
Address
8552 BAKER AVENUE NW, BUFFALO, MN 55362

Signing Officer

Name
Vaughn a Veit
Title
CEO
Phone
6124992794
Signed
2024-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
8215 GREENWAY BOULEVARD SUITE 600, MIDDLETON, WI 53562
Preparer
Kimberly Anderson
Phone
6086628600
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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt1FOR EDUCATION PROGRAMS FOR YOUTH
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt2YOUTH BUILDER PROGRAM
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt3YOUTH BUILDER PROGRAM
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt4SUPPORT FOR YOUNG BUILDERS
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt0AMOUNTS EXPENDED AS ACCORDING TO ORIGINAL GRANT PURPOSE.
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt1AMOUNTS EXPENDED AS ACCORDING TO ORIGINAL GRANT PURPOSE.
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt2AMOUNTS EXPENDED AS ACCORDING TO ORIGINAL GRANT PURPOSE.
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt3AMOUNTS EXPENDED AS ACCORDING TO ORIGINAL GRANT PURPOSE.
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt4AMOUNTS EXPENDED AS ACCORDING TO ORIGINAL GRANT PURPOSE.
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IRS990PF/AnalysisOfRevenueAndExpenses/AdjustedNetIncomeAmt00
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IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstRevAndExpnssAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidDsbrsChrtblAmt0147678
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidRevAndExpnssAmt0140178
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IRS990PF/AnalysisOfRevenueAndExpenses/NetRentalIncomeOrLossAmt05250
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IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesRevAndExpnssAmt0810936
IRS990PF/AnalysisOfRevenueAndExpenses/TotalNetInvstIncmAmt05250
IRS990PF/AnalysisOfRevenueAndExpenses/TotalRevAndExpnssAmt01463200
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IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt0449322
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesNetInvstIncmAmt0769
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesRevAndExpnssAmt0670758
IRS990PF/ChgInNetAssetsFundBalancesGrp/ExcessRevenueOverExpensesAmt0652264
IRS990PF/ChgInNetAssetsFundBalancesGrp/OtherDecreasesAmt00
IRS990PF/ChgInNetAssetsFundBalancesGrp/OtherIncreasesAmt00
IRS990PF/ChgInNetAssetsFundBalancesGrp/SubtotalAmt014032102
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesBOYAmt013379838
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IRS990PF/DistributableAmountGrp/Sect4942j3j5FndtnAndFrgnOrgInd0X
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/AppliedToESTaxAmt09
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/BackupWithholdingWithheldAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EsPenaltyAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EstimatedPlusOvpmtIncmTxAmt021
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/ExemptFrgnOrgTaxWthldAtSrceAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/ExtsnRequestIncomeTaxPaidAmt050
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/RefundAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/SubtitleATaxAmt00
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxBasedOnInvestmentIncomeAmt062
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IRS990PF/Form990PFBalanceSheetsGrp/LandBldgEquipCostOrOtherBssAmt07851297
IRS990PF/Form990PFBalanceSheetsGrp/LandBOYAmt05812719
IRS990PF/Form990PFBalanceSheetsGrp/LandEOYAmt05585617
IRS990PF/Form990PFBalanceSheetsGrp/LandEOYFMVAmt05585617
IRS990PF/Form990PFBalanceSheetsGrp/MortgagesAndNotesPayableBOYAmt02224144
IRS990PF/Form990PFBalanceSheetsGrp/MortgagesAndNotesPayableEOYAmt02057152
IRS990PF/Form990PFBalanceSheetsGrp/OrgDoesNotFollowFASB117Ind0X
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsBOYAmt09643664
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYAmt010351628
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYFMVAmt010351628
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningBOYAmt013379838
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IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsBOYAmt015625586
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYAmt016091694
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYFMVAmt016091694
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesBOYAmt02245748
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesEOYAmt02059592

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Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,091,694
Liabilities
$2,059,592
Net assets
$14,032,102
Revenue
$1,463,200
Expenses
$810,936
Net income
$652,264
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.1$1.90$15.2$2.54$0.81$1.73
2023Detailed filing. Detailed filing data is available for this year.$16.1$2.06$14.0$1.46$0.81$0.65
2022Detailed filing. Detailed filing data is available for this year.$15.6$2.25$13.4$1.34$0.98$0.36
2021Detailed filing. Detailed filing data is available for this year.$15.4$2.40$13.0$1.25$0.81$0.43
2020Detailed filing. Detailed filing data is available for this year.$16.4$2.56$13.8$1.21$0.57$0.65
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$2.75$13.2$1.46$0.51$0.95
2018Summary only. Only limited summary data is available for this year.$15.1$2.89$1.76$0.61$1.15
2015Summary only. Only limited summary data is available for this year.$7.91$0.00$0.70$1.18$0.49
2014Summary only. Only limited summary data is available for this year.$8.37$0.00$0.11$0.18$0.07
2013Summary only. Only limited summary data is available for this year.$9.47$0.00$0.10$0.23$0.13
2012Summary only. Only limited summary data is available for this year.$9.58$0.01$0.94$0.23$0.71
2011Summary only. Only limited summary data is available for this year.$9.02$0.16$1.22$0.16$1.05