Civic Intelligence

Runestone Electric Association Community Trust

EIN 72-1541236 • 501(c)3 • Alexandria, MN

Profile

Fund nonprofit projects in our service area.

6839 Power Lane SWAlexandria, MN 56308
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

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

Liabilities / Revenue

61st percentile

0.00x

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

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

Net Margin

31st percentile

-9.7%

Higher net margin than 31% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$10,101

Up $529 (+5.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$10,101

Up $529 (+5.5%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin31st percentile

Revenue

Up

$64,904

Up $9,243 (+17%) from 2023

Expenses

Up

$64,375

Up $9,017 (+16%) from 2023

Net Income

Up

$529

Up $226 (+75%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2011: $16,463Liabilities 2011: $5092011Assets 2012: $18,871Liabilities 2012: $3272012Assets 2013: $18,032Liabilities 2013: $02013Assets 2014: $19,781Liabilities 2014: $02014Assets 2015: $18,408Liabilities 2015: $02015Assets 2016: $23,736Liabilities 2016: $02016Assets 2017: $9,182Liabilities 2017: $02017Assets 2018: $9,652Liabilities 2018: $02018Assets 2019: $9,638Liabilities 2019: $02019Assets 2020: $12,182Liabilities 2020: $02020Assets 2021: $14,818Liabilities 2021: $0Net Assets 2021: $14,8182021Assets 2022: $9,269Liabilities 2022: $0Net Assets 2022: $9,2692022Assets 2023: $9,572Liabilities 2023: $0Net Assets 2023: $9,5722023Assets 2024: $10,101Liabilities 2024: $0Net Assets 2024: $10,1012024

Highlighted filing

2024

Assets$10,101
Liabilities$0
Net Assets$10,101
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0-$20KRevenue 2011: $62,944Expenses 2011: $60,612Net Income 2011: $2,3322011Revenue 2012: $67,446Expenses 2012: $64,855Net Income 2012: $2,5912012Revenue 2013: $61,312Expenses 2013: $60,800Net Income 2013: $5122013Revenue 2014: $61,347Expenses 2014: $60,514Net Income 2014: $8332014Revenue 2015: $60,848Expenses 2015: $65,169Net Income 2015: -$4,3212015Revenue 2016: $62,164Expenses 2016: $60,786Net Income 2016: $1,3782016Revenue 2017: $47,162Expenses 2017: $57,618Net Income 2017: -$10,4562017Revenue 2018: $54,668Expenses 2018: $54,577Net Income 2018: $912018Revenue 2019: $55,659Expenses 2019: $55,670Net Income 2019: -$112019Revenue 2020: $56,461Expenses 2020: $53,902Net Income 2020: $2,5592020Revenue 2021: $56,953Expenses 2021: $54,318Net Income 2021: $2,6352021Revenue 2022: $57,238Expenses 2022: $62,787Net Income 2022: -$5,5492022Revenue 2023: $55,661Expenses 2023: $55,358Net Income 2023: $3032023Revenue 2024: $64,904Expenses 2024: $64,375Net Income 2024: $5292024

Highlighted filing

2024

Revenue$64,904
Expenses$64,375
Net Income$529
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$10,101
Liabilities
$0
Net assets
$10,101
Revenue
$64,904
Expenses
$64,375
Net income
$529
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.1$0.00$10.1$64.9$64.4$0.53
2023Detailed filing. Detailed filing data is available for this year.$9.57$0.00$9.57$55.7$55.4$0.30
2022Detailed filing. Detailed filing data is available for this year.$9.27$0.00$9.27$57.2$62.8$5.55
2021Detailed filing. Detailed filing data is available for this year.$14.8$0.00$14.8$57.0$54.3$2.64
2020Summary only. Only limited summary data is available for this year.$12.2$0.00$56.5$53.9$2.56
2019Summary only. Only limited summary data is available for this year.$9.64$0.00$55.7$55.7$0.01
2018Summary only. Only limited summary data is available for this year.$9.65$0.00$54.7$54.6$0.09
2017Summary only. Only limited summary data is available for this year.$9.18$0.00$47.2$57.6$10.5
2016Summary only. Only limited summary data is available for this year.$23.7$0.00$62.2$60.8$1.38
2015Summary only. Only limited summary data is available for this year.$18.4$0.00$60.8$65.2$4.32
2014Summary only. Only limited summary data is available for this year.$19.8$0.00$61.3$60.5$0.83
2013Summary only. Only limited summary data is available for this year.$18.0$0.00$61.3$60.8$0.51
2012Summary only. Only limited summary data is available for this year.$18.9$0.33$67.4$64.9$2.59
2011Summary only. Only limited summary data is available for this year.$16.5$0.51$62.9$60.6$2.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 24, 2025
Return Version
2024v5.0
Gross Receipts
$64,904
Mission and Program Overview

Mission

Fund nonprofit projects in our service area.

Program Services

DescriptionGrantsExpenses
The organization disbursed 115 grants totaling $62,014 to 114 community groups. These grants are used for such purposes as fire department equipment, food shelves, disability programs, youth activities and senior projects.$62,014$62,014
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff GaffaneyPresident-$0--
Pat SobergDirector-$0--
David LundySec/Treasurer-$0--
Rich MoenDirector-$0--
Mary BettermanDirector-$0--
Richard DuncanVice President-$0--
John RolfDirector-$0--
Filing and Contact Details

Filer

Filer Name
Runestone Electric Community Trust
EIN
72-1541236
Phone
3207621121
Address
6839 Power Lane SW, Alexandria, MN 56308

Signing Officer

Name
Sara Reemts
Title
REA Accountant
Phone
3207621121
Signed
2025-03-24
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“The organization disbursed 116 grants to 115 community groups. These grants are used for such purposes as fire department equipment, food shelves, disability programs, youth activities and senior projects.”

Form 990-EZ, Part I, Line 16

“Directors Mileage $272.02, Insurance $250, Meeting Expense $84.85, Filing Fee $25, Supplies $211”

Raw XML Appendix180 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Alexandria
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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056308
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jeff Gaffaney
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Pat Soberg
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2David Lundy
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Rich Moen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Mary Betterman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Richard Duncan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6John Rolf
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Sec/Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
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IRS990EZ/OtherExpensesTotalAmt0843
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/PrintingPublicationsPostageAmt0194
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt062014
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TotalExpensesAmt064375
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IRS990EZ/TotalRevenueAmt064904
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt055660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt060600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt056953
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt056462
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0291689
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization disbursed 116 grants to 115 community groups. These grants are used for such purposes as fire department equipment, food shelves, disability programs, youth activities and senior projects.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Directors Mileage $272.02, Insurance $250, Meeting Expense $84.85, Filing Fee $25, Supplies $211
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Sara Reemts
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0REA Accountant
ReturnHeader/BusinessOfficerGrp/PhoneNum03207621121
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RUNESTONE ELECTRIC COMMUNITY TRUST
ReturnHeader/Filer/BusinessNameControlTxt0RUNE
ReturnHeader/Filer/EIN0721541236
ReturnHeader/Filer/PhoneNum03207621121
ReturnHeader/Filer/USAddress/AddressLine1Txt06839 Power Lane SW
ReturnHeader/Filer/USAddress/CityNm0Alexandria
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056308
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-03-24T15:37:00-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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