Civic Intelligence

Akadimi Foundation

EIN 82-0596598 • 501(c)3 • Minnetonka, MN

Profile

To help ensure that enhanced health can accrue from enhanced health system governance and leadership in the united states and in other countries outside the united states.

2095 Sherwood LaneMinnetonka, MN 55305

governakadimi.com

Siviq Scores

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

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

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

Liabilities / Revenue

68th percentile

0.01x

Higher debt load relative to revenue than 68% of similar nonprofits.

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

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

85th percentile

42%

Faster asset growth than 85% of similar nonprofits.

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

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$47,311

Up $14,107 (+42%) from 2023

Liabilities

Up

$856

Up $785 (+1106%) from 2023

Net Assets

Up

$46,455

Up $13,322 (+40%) from 2023

Operations
Liabilities / Revenue68th percentileNet Margin70th percentile

Revenue

Up

$86,085

Up $14,746 (+21%) from 2023

Expenses

Down

$72,763

Down $3,851 (-5.0%) from 2023

Net Income

Up

$13,322

Up $18,597 (+353%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

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

$60K$40K$20K$0Assets 2018: $25,235Liabilities 2018: $0Net Assets 2018: $25,2352018Assets 2019: $26,441Liabilities 2019: $0Net Assets 2019: $26,4412019Assets 2020: $14,020Liabilities 2020: $0Net Assets 2020: $14,0202020Assets 2021: $35,162Liabilities 2021: $575Net Assets 2021: $34,5872021Assets 2022: $38,480Liabilities 2022: $72Net Assets 2022: $38,4082022Assets 2023: $33,204Liabilities 2023: $71Net Assets 2023: $33,1332023Assets 2024: $47,311Liabilities 2024: $856Net Assets 2024: $46,4552024

Highlighted filing

2024

Assets$47,311
Liabilities$856
Net Assets$46,455
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

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

$100K$50K$0-$50KRevenue 2018: $37,744Expenses 2018: $12,509Net Income 2018: $25,2352018Revenue 2019: $25,201Expenses 2019: $23,995Net Income 2019: $1,2062019Revenue 2020: $1,895Expenses 2020: $14,316Net Income 2020: -$12,4212020Revenue 2021: $68,199Expenses 2021: $47,632Net Income 2021: $20,5672021Revenue 2022: $75,466Expenses 2022: $71,645Net Income 2022: $3,8212022Revenue 2023: $71,339Expenses 2023: $76,614Net Income 2023: -$5,2752023Revenue 2024: $86,085Expenses 2024: $72,763Net Income 2024: $13,3222024

Highlighted filing

2024

Revenue$86,085
Expenses$72,763
Net Income$13,322
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$47,311
Liabilities
$856
Net assets
$46,455
Revenue
$86,085
Expenses
$72,763
Net income
$13,322
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.3$0.86$46.5$86.1$72.8$13.3
2023Detailed filing. Detailed filing data is available for this year.$33.2$0.07$33.1$71.3$76.6$5.28
2022Detailed filing. Detailed filing data is available for this year.$38.5$0.07$38.4$75.5$71.6$3.82
2021Detailed filing. Detailed filing data is available for this year.$35.2$0.58$34.6$68.2$47.6$20.6
2020Detailed filing. Detailed filing data is available for this year.$14.0$0.00$14.0$1.90$14.3$12.4
2019Detailed filing. Detailed filing data is available for this year.$26.4$0.00$26.4$25.2$24.0$1.21
2018Detailed filing. Detailed filing data is available for this year.$25.2$0.00$25.2$37.7$12.5$25.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 15, 2025
Return Version
2024v5.0
Gross Receipts
$86,085
Mission and Program Overview

Mission

To help ensure that enriched health care can accrue from enhanced health system governance in low income countries

To help ensure that enhanced health can accrue from enhanced health system governance and leadership in the united states and in other countries outside the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$3,693$25,000▲ $21,307
Cash and Non-Interest-Bearing Accounts$24,511$17,311▼ $7,200
Investments Other Securities$5,000$5,000→ $0
Total Assets$33,204$47,311▲ $14,107
Liabilities
Accounts Payable and Accrued Expenses$71$856▲ $785
Total Liabilities$71$856▲ $785
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,133$46,455▲ $13,322
Total Net Assets Fund Balance$33,133$46,455▲ $13,322
Total Liabilities and Net Assets / Fund Balance$33,204$47,311▲ $14,107

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$18,045$18,045
Other Securities$5,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
James a RicePresident
Carin R BaumgartnerDirector
Brian E RiceTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$31,500
Program Service Revenue
$54,585
Investment Income
$0
Other Revenue
$0
All Other Contributions
$31,500
Change in Net Assets
$13,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,300
Grants and Similar Amounts Paid$19,826
Salaries, Compensation, and Employee Benefits$5,637
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$23,227$2,687-$25,914
Grants to Domestic Orgs$19,826--$19,826
Office Expenses-$7,423-$7,423
Current Officers, Directors, Trustees, and Key Employees$5,637--$5,637
Conferences and Meetings$5,172--$5,172
Fees for Services Other$4,891--$4,891
Fees for Services Accounting-$1,200-$1,200
Information Technology-$1,048-$1,048
Other Expenses$1,004--$1,004
Fees for Services Management$648--$648
Total Functional Expenses$60,405$12,358$0$72,763
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grants to Outside Organizations---$19,826
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“James a. Rice chair/pres brian e. Rice v chair/trea father --son james a. Rice carin baumgartner chair/pres director father-daughter”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Akadimi Foundation
EIN
82-0596598
Phone
6127034687
Address
2095 SHERWOOD LANE, MINNETONKA, MN 55305

Signing Officer

Name
James a Rice
Title
President
Phone
6127034687
Signed
2025-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James a Rice
Formed
2018
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Cma Tax & Accounting Inc
Address
7900 XERXES AVE SOUTH STE 500, BLOOMINGTON, MN 55431
Preparer
David Senness
Phone
9528930107
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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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IRS990/USAddress/ZIPCd055305
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0GOVERNAKADIMI.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES A RICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06127034687
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AKADIMI FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0AKAD
ReturnHeader/Filer/EIN0820596598
ReturnHeader/Filer/PhoneNum06127034687
ReturnHeader/Filer/USAddress/AddressLine1Txt02095 SHERWOOD LANE
ReturnHeader/Filer/USAddress/CityNm0MINNETONKA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055305
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411655635
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CMA TAX & ACCOUNTING INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07900 XERXES AVE SOUTH STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLOOMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055431
ReturnHeader/PreparerPersonGrp/PhoneNum09528930107
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID SENNESS
ReturnHeader/ReturnTs02025-09-15T15:08:59-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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