Civic Intelligence

Acentek Foundation

990EZ • Fiscal year 2022 • EIN 45-3587856

Jan 01, 2022 to Dec 31, 2022 • Filed on May 04, 2023

Organization Profile
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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

5th percentile

-124%

Higher net margin than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

30th percentile

-11%

Faster asset growth than 30% of similar nonprofits.

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

Revenue Growth

7th percentile

-67%

Faster revenue growth than 7% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$273,912

Down $34,236 (-11%) from 2021

Net Assets

Down

$273,912

Down $34,236 (-11%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin5th percentile

Revenue

Down

$24,661

Down $49,715 (-67%) from 2021

Expenses

Up

$55,157

Up $17,242 (+45%) from 2021

Net Income

Down

-$30,496

Down $66,957 (-184%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

2022

Assets$273,912
Liabilities$0
Net Assets$273,912
Open 2022 Filing

Operations Trend

Revenue Growth7th percentile

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

2022

Revenue$24,661
Expenses$55,157
Net Income-$30,496
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 4, 2023
Return Version
2022v5.0
Gross Receipts
$24,661
Mission and Program Overview

Mission

Charitable education donations

Program Services

DescriptionGrantsExpenses
CHARITABLE, EDUCATION, DONATIONS--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BARRY FRUECHTEDirector-$0--
RICHARD BJORLODirector-$0--
JOE THESINGDirector-$0--
GARTH ZENKEDirector-$0--
MARYJO KNILLDirector-$0--
KIM NYMANDirector-$0--
CINDY WOLDDirector-$0--
JOANNE WAGNERDirector-$0--
SHERI WILKEMEYEREx Officio-$0--
MIKE OSBORNEEx 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
2023-05-04
Discuss with paid preparer
No

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 15,000grantee seven rivers amount 5,000grantee others under $5,000 each amount 27,079”

Description of other expenses Part I line 16

“Description amountinsurance expense 1,380”

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

“Description amountunrealized gains/losses (3,740)”

Raw XML Appendix183 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BARRY FRUECHTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RICHARD BJORLO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JOE THESING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3GARTH ZENKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MARYJO KNILL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9MIKE OSBORNE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
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IRS990EZ/OtherChangesInNetAssetsAmt0-3740
IRS990EZ/OtherExpensesTotalAmt01380
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IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt055157
IRS990EZ/TotalProgramServiceExpensesAmt00
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt014176
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt097103
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt028540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0257526
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt067
IRS990ScheduleA/PublicSupportCY170Pct00.99970
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt0257526
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt014176
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt052852
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt028540
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0257526
IRS990ScheduleA/TotalSupportAmt0257593
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRANTEE CEDA ECONOMIC DEVELOPMENT AMOUNT 5,000GRANTEE SEVEN RIVERS EDUCATION AMOUNT 15,000GRANTEE SEVEN RIVERS AMOUNT 5,000GRANTEE OTHERS UNDER $5,000 EACH AMOUNT 27,079
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTINSURANCE EXPENSE 1,380
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTUNREALIZED GAINS/LOSSES (3,740)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other changes in net assets or fund balances Part I line 20
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0SHERI WILKEMEYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EX OFFICIO
ReturnHeader/BusinessOfficerGrp/PhoneNum05078966207
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACENTEK FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ACEN
ReturnHeader/Filer/EIN0453587856
ReturnHeader/Filer/USAddress/AddressLine1Txt0207 EAST CEDAR STREET BOX 360
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0559430360
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411922053
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 306
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Houston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055943
ReturnHeader/PreparerPersonGrp/PhoneNum05078963030
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Debra Klungtvedt
ReturnHeader/ReturnTs02023-05-10T12:59:07-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHERI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WILKEMEYER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$273,912
Liabilities
$0
Net assets
$273,912
Revenue
$24,661
Expenses
$55,157
Net income
-$30,496
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$0.76$0.40$0.36
2023Detailed filing. Detailed filing data is available for this year.$2.63$0.00$2.63$0.48$0.53$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.74$0.00$2.74$0.25$0.55$0.30
2021Detailed filing. Detailed filing data is available for this year.$3.08$0.00$3.08$0.74$0.38$0.36
2020Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$1.02$0.38$0.64
2019Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.98$0.57$0.37$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.34$0.63$0.29
2017Summary only. Only limited summary data is available for this year.$2.07$0.00$0.77$0.52$0.25
2016Summary only. Only limited summary data is available for this year.$1.83$0.00$0.84$0.40$0.44
2015Summary only. Only limited summary data is available for this year.$1.39$0.00$1.15$0.63$0.52
2014Summary only. Only limited summary data is available for this year.$0.87$0.00$0.00$0.26$0.26
2013Summary only. Only limited summary data is available for this year.$0.38$0.00$0.67$0.29$0.38
2012Summary only. Only limited summary data is available for this year.$0.45$0.00$0.45$0.00$0.45