Civic Intelligence

Runestone Electric Community Trust

990EZ • Fiscal year 2023 • EIN 72-1541236

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 23, 2024

Organization Profile
6839 Power Lane SWAlexandria, MN 56308

(320) 762-1121

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

45th percentile

0.5%

Higher net margin than 45% 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

54th percentile

3.3%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

41st percentile

-2.8%

Faster revenue growth than 41% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$9,572

Up $303 (+3.3%) from 2022

Net Assets

Up

$9,572

Up $303 (+3.3%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin45th percentile

Revenue

Down

$55,661

Down $1,577 (-2.8%) from 2022

Expenses

Down

$55,358

Down $7,429 (-12%) from 2022

Net Income

Up

$303

Up $5,852 (+105%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$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

2023

Assets$9,572
Liabilities$0
Net Assets$9,572
Open 2023 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$55,661
Expenses$55,358
Net Income$303
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 23, 2024
Return Version
2023v5.0
Gross Receipts
$55,661
Mission and Program Overview

Mission

Fund nonprofit projects in our service area.

Program Services

DescriptionGrantsExpenses
The organization disbursed 113 grants totaling $53,760 to 113 community groups. These grants are used for such purposes as fire department equipment, food shelves, disability programs, youth activities and senior projects.$113$53,760
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff GaffaneyPresident-$0--
Barry WahlbergVice President-$0--
Pat SobergDirector-$0--
David LundySec/Treasurer-$0--
Rich MoenDirector-$0--
Mary BettermanDirector-$0--
Richard DuncanDirector-$0--
Janet JohnsonDirector-$0--
Deborah AndersonDirector-$0--
Filing and Contact Details

Filer

Filer Name
Runestone Electric Association 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
2024-04-23
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Insurance $395 Meeting Expenses $61 Filing Fee $25 Director Mileage $386”

Raw XML Appendix185 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/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Runestone Electric Association
IRS990EZ/BooksInCareOfDetail/PhoneNum03207621121
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt06839 Power Lane SW
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Alexandria
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056308
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt09269
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt09572
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt055661
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0303
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IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt09572
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt053760
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt055661
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OccupancyRentUtltsAndMaintAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.5
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60.5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt70.5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt80.5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jeff Gaffaney
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Barry Wahlberg
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Pat Soberg
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3David Lundy
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Rich Moen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Mary Betterman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Richard Duncan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Janet Johnson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Deborah Anderson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Sec/Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0867
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Fund nonprofit projects in our service area.
IRS990EZ/PrintingPublicationsPostageAmt0125
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The organization disbursed 113 grants totaling $53,760 to 113 community groups. These grants are used for such purposes as fire department equipment, food shelves, disability programs, youth activities and senior projects.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0113
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt053760
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt055358
IRS990EZ/TotalProgramServiceExpensesAmt053760
IRS990EZ/TotalRevenueAmt055661
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt055660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt060600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt056953
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt056462
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt055659
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0285334
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportPY170Pct00.99999
IRS990ScheduleA/PublicSupportTotal170Amt0285334
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt055660
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt060600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt056953
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt056462
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt055659
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0285334
IRS990ScheduleA/TotalSupportAmt0285334
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Insurance $395 Meeting Expenses $61 Filing Fee $25 Director Mileage $386
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Sara Reemts
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0REA Accountant
ReturnHeader/BusinessOfficerGrp/PhoneNum03207621121
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RUNESTONE ELECTRIC ASSOCIATION 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/ReturnTs02024-04-29T10:33:31-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Sara
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Reemts
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,572
Liabilities
$0
Net assets
$9,572
Revenue
$55,661
Expenses
$55,358
Net income
$303
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