Civic Intelligence

Akadimi Foundation

990 • Fiscal year 2019 • EIN 82-0596598

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 29, 2020

Organization ProfileGOVERNAKADIMI.COM
2095 Sherwood LaneMinnetonka, MN 55305

(612) 703-4687

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

53rd percentile

4.8%

Higher net margin than 53% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

55th percentile

4.8%

Faster asset growth than 55% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-33%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$26,441

Up $1,206 (+4.8%) from 2018

Net Assets

Up

$26,441

Up $1,206 (+4.8%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin53rd percentile

Revenue

Down

$25,201

Down $12,543 (-33%) from 2018

Expenses

Up

$23,995

Up $11,486 (+92%) from 2018

Net Income

Down

$1,206

Down $24,029 (-95%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$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

2019

Assets$26,441
Liabilities$0
Net Assets$26,441
Open 2019 Filing

Operations Trend

Revenue Growth16th percentile

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

2019

Revenue$25,201
Expenses$23,995
Net Income$1,206
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 29, 2020
Return Version
2019v5.0
Gross Receipts
$25,201
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$25,235$26,441▲ $1,206
Total Assets$25,235$26,441▲ $1,206
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,235$26,441▲ $1,206
Total Net Assets Fund Balance$25,235$26,441▲ $1,206
Total Liabilities and Net Assets / Fund Balance$25,235$26,441▲ $1,206
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$15,712
Program Service Revenue
$9,489
Investment Income
$0
Other Revenue
$0
All Other Contributions
$15,712
Change in Net Assets
$1,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,995
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$14,645--$14,645
Office Expenses$867$2,048-$2,915
Other Expenses-$2,606-$2,606
Conferences and Meetings-$1,510-$1,510
Fees for Services Accounting-$1,233-$1,233
Information Technology$1,086--$1,086
Total Functional Expenses$16,598$7,397$0$23,995
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
2020-06-29
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
David M Senness CPA
Address
7900 XERXES AVE SOUTH STE 500, BLOOMINGTON, MN 55431
Preparer
David M Senness
Phone
9528930107
Raw XML Appendix279 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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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,441
Liabilities
$0
Net assets
$26,441
Revenue
$25,201
Expenses
$23,995
Net income
$1,206
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