Civic Intelligence

Acentek Foundation

990EZ • Fiscal year 2021 • EIN 45-3587856

Jan 01, 2021 to Dec 31, 2021 • Filed on May 04, 2022

207 East Cedar Street Box 360Houston, MN 55943-0360

(507) 896-6207

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

54th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

86th percentile

49%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

60th percentile

14%

Faster asset growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

27th percentile

-27%

Faster revenue growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$308,148

Up $37,133 (+14%) from 2020

Net Assets

Up

$308,148

Up $37,133 (+14%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Down

$74,376

Down $27,775 (-27%) from 2020

Expenses

Up

$37,915

Up $107 (+0.3%) from 2020

Net Income

Down

$36,461

Down $27,882 (-43%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $45,137Liabilities 2012: $02012Assets 2013: $37,858Liabilities 2013: $02013Assets 2014: $87,008Liabilities 2014: $02014Assets 2015: $138,900Liabilities 2015: $02015Assets 2016: $182,713Liabilities 2016: $02016Assets 2017: $207,274Liabilities 2017: $02017Assets 2018: $164,147Liabilities 2018: $0Net Assets 2018: $164,1472018Assets 2019: $198,328Liabilities 2019: $0Net Assets 2019: $198,3282019Assets 2020: $271,015Liabilities 2020: $0Net Assets 2020: $271,0152020Assets 2021: $308,148Liabilities 2021: $0Net Assets 2021: $308,1482021Assets 2022: $273,912Liabilities 2022: $0Net Assets 2022: $273,9122022Assets 2023: $262,753Liabilities 2023: $0Net Assets 2023: $262,7532023Assets 2024: $310,415Liabilities 2024: $0Net Assets 2024: $310,4152024

Highlighted filing

2021

Assets$308,148
Liabilities$0
Net Assets$308,148

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2012: $45,244Expenses 2012: $106Net Income 2012: $45,1382012Revenue 2013: $67,049Expenses 2013: $29,191Net Income 2013: $37,8582013Revenue 2014: $118Expenses 2014: $26,149Net Income 2014: -$26,0312014Revenue 2015: $115,223Expenses 2015: $63,331Net Income 2015: $51,8922015Revenue 2016: $83,780Expenses 2016: $39,967Net Income 2016: $43,8132016Revenue 2017: $76,969Expenses 2017: $52,408Net Income 2017: $24,5612017Revenue 2018: $33,951Expenses 2018: $62,989Net Income 2018: -$29,0382018Revenue 2019: $56,874Expenses 2019: $36,810Net Income 2019: $20,0642019Revenue 2020: $102,151Expenses 2020: $37,808Net Income 2020: $64,3432020Revenue 2021: $74,376Expenses 2021: $37,915Net Income 2021: $36,4612021Revenue 2022: $24,661Expenses 2022: $55,157Net Income 2022: -$30,4962022Revenue 2023: $48,339Expenses 2023: $53,187Net Income 2023: -$4,8482023Revenue 2024: $75,764Expenses 2024: $40,223Net Income 2024: $35,5412024

Highlighted filing

2021

Revenue$74,376
Expenses$37,915
Net Income$36,461
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 4, 2022
Return Version
2021v4.2
Gross Receipts
$74,376
Mission and Program Overview

Mission

Charitable education donations

Program Services

DescriptionGrantsExpenses
CHARITABLE, EDUCATION, DONATIONS--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BARRY FRUECHTEDirector-$0--
RICHARD BJORLODirector-$0--
JOE THESINGDirector-$0--
TERRY OESTERLEDirector-$0--
HILDA WITTINGENDirector-$0--
KIM NYMANDirector-$0--
CINDY WOLDDirector-$0--
JOANNE WAGNERDirector-$0--
SHERI WILKEMEYEREx Officio-$0--
TODD ROESLEREx Officio-$0--
Filing and Contact Details

Filer

Filer Name
Acentek Foundation
EIN
45-3587856
Address
207 EAST CEDAR STREET BOX 360, HOUSTON, MN 55943-0360

Signing Officer

Name
Sheri Wilkemeyer
Title
Ex Officio
Phone
5078966207
Signed
2022-05-04
Discuss with paid preparer
Yes

Preparer

Firm
Bluff Country Financial Services
Address
PO Box 306, Houston, MN 55943
Preparer
Debra Klungtvedt
Phone
5078963030
Supplemental Narrative

Additional Explanations

List of grants and similar amounts paid Part I line 10

Grantee ceda economic development amount 5,000grantee seven rivers education amount 12,000grantee critter barn education amount 10,000grantee others under $5,000 each amount 9,400

Description of other expenses Part I line 16

Description amountinsurance expense 1,260

Other changes in net assets or fund balances Part I line 20

Description amountunrealized gains/losses 672

Raw XML Appendix182 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/ExplanationTxt0GRANTEE CEDA ECONOMIC DEVELOPMENT AMOUNT 5,000GRANTEE SEVEN RIVERS EDUCATION AMOUNT 12,000GRANTEE CRITTER BARN EDUCATION AMOUNT 10,000GRANTEE OTHERS UNDER $5,000 EACH AMOUNT 9,400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTINSURANCE EXPENSE 1,260
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTUNREALIZED GAINS/LOSSES 672
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