Civic Intelligence

Acentek Foundation

990EZ • Fiscal year 2023 • EIN 45-3587856

Jan 01, 2023 to Dec 31, 2023 • Filed on May 09, 2024

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

27th percentile

-10%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

40th percentile

-4.1%

Faster asset growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

96%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$262,753

Down $11,159 (-4.1%) from 2022

Net Assets

Down

$262,753

Down $11,159 (-4.1%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$48,339

Up $23,678 (+96%) from 2022

Expenses

Down

$53,187

Down $1,970 (-3.6%) from 2022

Net Income

Up

-$4,848

Up $25,648 (+84%) from 2022

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

2023

Assets$262,753
Liabilities$0
Net Assets$262,753

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

2023

Revenue$48,339
Expenses$53,187
Net Income-$4,848
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 9, 2024
Return Version
2023v5.0
Gross Receipts
$48,339
Mission and Program Overview

Mission

Charitable education donations

Program Services

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

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOE THESINGDirector-$0--
SHERI WILKEMEYEREx Officio-$0--
MIKE OSBORNEEx Officio-$0--
CONNIE EDWARDSDirector-$0--
MARYJO KNILLDirector-$0--
CINDY WOLDDirector-$0--
GARTH ZENKEDirector-$0--
BRUCE LEHMANNDirector-$0--
JOANNE WAGNERDirector-$0--
DENISE COOLERDirector-$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
2024-05-09
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 seven rivers education amount 15,000grantee allendale robotics amount 5,000grantee bluff country collaborative amount 6,000grantee harpers ferry heritage society amount 5,000grantee others under $5,000 each amount 20,400

Description of other expenses Part I line 16

Description amountinsurance expense 1,403

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

Description amountunrealized gains/losses lpl (3,643)investment adjustment (2,668)

Raw XML Appendix184 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 SEVEN RIVERS EDUCATION AMOUNT 15,000GRANTEE ALLENDALE ROBOTICS AMOUNT 5,000GRANTEE BLUFF COUNTRY COLLABORATIVE AMOUNT 6,000GRANTEE HARPERS FERRY HERITAGE SOCIETY AMOUNT 5,000GRANTEE OTHERS UNDER $5,000 EACH AMOUNT 20,400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTINSURANCE EXPENSE 1,403
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTUNREALIZED GAINS/LOSSES LPL (3,643)INVESTMENT ADJUSTMENT (2,668)
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/TaxPeriodEndDt02023-12-31
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