Civic Intelligence

Runestone Electric Community Trust

990EZ • Fiscal year 2024 • EIN 72-1541236

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 24, 2025

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

56th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

45th percentile

0.8%

Higher net margin than 45% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

57th percentile

5.5%

Faster asset growth than 57% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

17%

Faster revenue growth than 66% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$10,101

Up $529 (+5.5%) from 2023

Net Assets

Up

$10,101

Up $529 (+5.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin45th 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

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2024

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

Operations Trend

Revenue Growth66th 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

2024

Revenue$64,904
Expenses$64,375
Net Income$529
Open 2024 Filing
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 Pay79th percentile

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/PhoneNum03207621121
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt06839 Power Lane SW
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Alexandria
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056308
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt09572
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IRS990EZ/DonorAdvisedFndsInd00
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IRS990EZ/GrossReceiptsAmt064904
IRS990EZ/GrossSalesOfInventoryAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.5
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60.5
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
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
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0843
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Fund nonprofit projects in our service area.
IRS990EZ/PrintingPublicationsPostageAmt0194
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt062014
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt062014
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt064375
IRS990EZ/TotalProgramServiceExpensesAmt062014
IRS990EZ/TotalRevenueAmt064904
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt062014
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt055660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt060600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt056953
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt056462
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0291689
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportPY170Pct01
IRS990ScheduleA/PublicSupportTotal170Amt0291689
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt062014
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt055660
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt060600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt056953
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt056462
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0291689
IRS990ScheduleA/TotalSupportAmt0291689
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed 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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • <$500k nonprofits