Civic Intelligence

Veit Foundation

990PF • Fiscal year 2024 • EIN 41-1948093

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 17, 2025

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

53rd percentile

0.11x

Higher debt load relative to assets than 53% of similar nonprofits.

2024 filings • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.75x

Higher debt load relative to revenue than 80% of similar nonprofits.

2024 filings • $10M-$25M nonprofits • Source year 2024

Net Margin

92nd percentile

68%

Higher net margin than 92% of similar nonprofits.

2024 filings • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

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

2024 filings • $10M-$25M nonprofits • Source year 2024

Asset Growth

56th percentile

6.1%

Faster asset growth than 56% of similar nonprofits.

2024 filings • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

74%

Faster revenue growth than 84% of similar nonprofits.

2024 filings • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$17,074,747

Up $983,053 (+6.1%) from 2023

Net Assets

Up

$15,178,868

Up $1,146,766 (+8.2%) from 2023

Liabilities

Down

$1,895,879

Down $163,713 (-7.9%) from 2023

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin92nd percentile

Revenue

Up

$2,541,412

Up $1,078,212 (+74%) from 2023

Expenses

Down

$809,646

Down $1,290 (-0.2%) from 2023

Net Income

Up

$1,731,766

Up $1,079,502 (+166%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth56th 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

2024

Assets$17,074,747
Liabilities$1,895,879
Net Assets$15,178,868
Open 2024 Filing

Operations Trend

Revenue Growth84th 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

2024

Revenue$2,541,412
Expenses$809,646
Net Income$1,731,766
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
VAUGHN A VEITCEO/TreasurerPT$0--
KELLY VEITVice President-$0--
ANDY ANDERSONDirector-$0--
BUTCH HASSDirector-$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
Kelly Veit
Title
Vice President
Phone
6124992794
Signed
2025-11-17
Discuss with paid preparer
Yes

Preparer

Firm
Wipfli Advisory LLC
Address
1502 LONDON ROAD SUITE 200, DULUTH, MN 55812
Preparer
Michael J Peterson CPA
Phone
2187224705
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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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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/AddressLine1Txt0PO BOX 288
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/AddressLine1Txt18552 BAKER AVENUE NORTHWEST
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/AddressLine1Txt211479 65TH PLACE NORTH
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/AddressLine1Txt3NO ADDRESS
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/AddressLine1Txt42700 SOUTH WASHINGTON STREET
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/CityNm0MAPLETON
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/CityNm1BUFFALO
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/CityNm2MAPLE GROVE
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/CityNm3COLD SPRING
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/CityNm4GRAND FORKS
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/StateAbbreviationCd0MN
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/StateAbbreviationCd1MN
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/StateAbbreviationCd2MN
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/StateAbbreviationCd3MN
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/StateAbbreviationCd4ND
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/ZIPCd056065
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/ZIPCd155362
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/ZIPCd255369
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/ZIPCd356320
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/ZIPCd458201
IRS990PF/AnalysisIncomeProducingActyGrp/NetRntlIncmReDebtFincdPropGrp/ExclusionAmt02625
IRS990PF/AnalysisIncomeProducingActyGrp/NetRntlIncmReDebtFincdPropGrp/ExclusionCd016
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc0VESCIO RESTORATION REPAYMENT
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc1MOTORHEAD MADNESS
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd001
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd101
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/RelatedOrExemptFunctionIncmAmt017000
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/RelatedOrExemptFunctionIncmAmt12026
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/ExclusionAmt02625
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/RelatedOrExemptFunctionIncmAmt019026
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/UnrelatedBusinessTaxblIncmAmt00
IRS990PF/AnalysisIncomeProducingActyGrp/TotalIncomeProducingActyAmt021651
IRS990PF/AnalysisOfRevenueAndExpenses/AdjustedNetIncomeAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/CapGainNetIncmNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstAdjNetIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstDsbrsChrtblAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstRevAndExpnssAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidDsbrsChrtblAmt0152400
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidRevAndExpnssAmt0152400
IRS990PF/AnalysisOfRevenueAndExpenses/ContriRcvdRevAndExpnssAmt02519761
IRS990PF/AnalysisOfRevenueAndExpenses/DeprecAndDpltnAdjNetIncmAmt0227143
IRS990PF/AnalysisOfRevenueAndExpenses/DeprecAndDpltnNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/DeprecAndDpltnRevAndExpnssAmt0226834
IRS990PF/AnalysisOfRevenueAndExpenses/ExcessRevenueOverExpensesAmt01731766
IRS990PF/AnalysisOfRevenueAndExpenses/GrossRentsNetInvstIncmAmt02625
IRS990PF/AnalysisOfRevenueAndExpenses/GrossRentsRevAndExpnssAmt02625
IRS990PF/AnalysisOfRevenueAndExpenses/InterestAdjNetIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/InterestDsbrsChrtblAmt0116667
IRS990PF/AnalysisOfRevenueAndExpenses/InterestNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/InterestRevAndExpnssAmt0116669
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesAdjNetIncmAmt0293
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesDsbrsChrtblAmt02348
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesNetInvstIncmAmt0293
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesRevAndExpnssAmt02934
IRS990PF/AnalysisOfRevenueAndExpenses/NetInvestmentIncomeAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/NetRentalIncomeOrLossAmt02625
IRS990PF/AnalysisOfRevenueAndExpenses/NetSTCapitalGainAdjNetIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesAdjNetIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesDsbrsChrtblAmt0278854
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesNetInvstIncmAmt02872
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesRevAndExpnssAmt0278854
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeAdjNetIncmAmt019026
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeRevAndExpnssAmt019026
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesAdjNetIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesDsbrsChrtblAmt01075
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesNetInvstIncmAmt0120
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesRevAndExpnssAmt01195
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesAdjNetIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesDsbrsChrtblAmt030718
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesRevAndExpnssAmt030760
IRS990PF/AnalysisOfRevenueAndExpenses/TotalAdjNetIncmAmt019026
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesAdjNetIncmAmt0227436
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesDsbrsChrtblAmt0582062
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesNetInvstIncmAmt03285
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesRevAndExpnssAmt0809646
IRS990PF/AnalysisOfRevenueAndExpenses/TotalNetInvstIncmAmt02625
IRS990PF/AnalysisOfRevenueAndExpenses/TotalRevAndExpnssAmt02541412
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesAdjNetIncmAmt0227436
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt0429662
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesNetInvstIncmAmt03285
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesRevAndExpnssAmt0657246
IRS990PF/ChgInNetAssetsFundBalancesGrp/ExcessRevenueOverExpensesAmt01731766
IRS990PF/ChgInNetAssetsFundBalancesGrp/OtherDecreasesAmt0585000
IRS990PF/ChgInNetAssetsFundBalancesGrp/OtherIncreasesAmt00
IRS990PF/ChgInNetAssetsFundBalancesGrp/SubtotalAmt015763868
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesBOYAmt014032102
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesEOYAmt015178868
IRS990PF/DistributableAmountGrp/Sect4942j3j5FndtnAndFrgnOrgInd0X
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/AppliedToESTaxAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/BackupWithholdingWithheldAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EsPenaltyAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EstimatedPlusOvpmtIncmTxAmt09
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/ExemptFrgnOrgTaxWthldAtSrceAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/ExtsnRequestIncomeTaxPaidAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/InvestmentIncomeExciseTaxAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/OverpaymentAmt09
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/RefundAmt09
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/SubtitleATaxAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/SubtotalAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxBasedOnInvestmentIncomeAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxUnderSection511Amt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TotalPaymentsAndCreditsAmt09
IRS990PF/FMVAssetsEOYAmt019567261
IRS990PF/Form990PFBalanceSheetsGrp/AccountsPayableBOYAmt02440
IRS990PF/Form990PFBalanceSheetsGrp/AccountsPayableEOYAmt017336
IRS990PF/Form990PFBalanceSheetsGrp/AcctRcvblAmt025000
IRS990PF/Form990PFBalanceSheetsGrp/AcctRcvblBOYAmt025000
IRS990PF/Form990PFBalanceSheetsGrp/AcctRcvblEOYAmt025000
IRS990PF/Form990PFBalanceSheetsGrp/AcctRcvblEOYFMVAmt025000
IRS990PF/Form990PFBalanceSheetsGrp/AdditionalPaidInCapitalBOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/AdditionalPaidInCapitalEOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/CapitalStockBOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/CapitalStockEOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/CashBOYAmt0129449
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYAmt0235605
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYFMVAmt0235605
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgEquipAccumDeprecAmt02492514
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgEquipCostOrOtherBssAmt07851297
IRS990PF/Form990PFBalanceSheetsGrp/LandBOYAmt05585617
IRS990PF/Form990PFBalanceSheetsGrp/LandEOYAmt05358783
IRS990PF/Form990PFBalanceSheetsGrp/LandEOYFMVAmt07851297
IRS990PF/Form990PFBalanceSheetsGrp/MortgagesAndNotesPayableBOYAmt02057152
IRS990PF/Form990PFBalanceSheetsGrp/MortgagesAndNotesPayableEOYAmt01878543
IRS990PF/Form990PFBalanceSheetsGrp/OrgDoesNotFollowFASB117Ind0X
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsBOYAmt010351628
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYAmt011455359
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYFMVAmt011455359
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningBOYAmt014032102
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningEOYAmt015178868
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsBOYAmt016091694
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYAmt017074747
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYFMVAmt019567261
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesBOYAmt02059592
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesEOYAmt01895879
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstBOYAmt016091694
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstEOYAmt017074747
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesBOYAmt014032102
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesEOYAmt015178868
IRS990PF/MethodOfAccountingAccrualInd0X
IRS990PF/MinimumInvestmentReturnGrp/AcquisitionIndebtednessAmt00
IRS990PF/MinimumInvestmentReturnGrp/AdjustedTotalFMVOfUnusedAstAmt0189706
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyCashBalancesAmt0189706

Document Assets

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Filings

Displayed year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,074,747
Liabilities
$1,895,879
Net assets
$15,178,868
Revenue
$2,541,412
Expenses
$809,646
Net income
$1,731,766
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
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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