Civic Intelligence

Akadimi Foundation

990 • Fiscal year 2020 • EIN 82-0596598

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 15, 2021

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

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

2nd percentile

-655%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

9th percentile

-47%

Faster asset growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-92%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$14,020

Down $12,421 (-47%) from 2019

Net Assets

Down

$14,020

Down $12,421 (-47%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin2nd percentile

Revenue

Down

$1,895

Down $23,306 (-92%) from 2019

Expenses

Down

$14,316

Down $9,679 (-40%) from 2019

Net Income

Down

-$12,421

Down $13,627 (-1130%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2020

Assets$14,020
Liabilities$0
Net Assets$14,020
Open 2020 Filing

Operations Trend

Revenue Growth4th 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

2020

Revenue$1,895
Expenses$14,316
Net Income-$12,421
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 15, 2021
Return Version
2020v4.0
Gross Receipts
$1,895
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 countires outside the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$26,441$11,596▼ $14,845
Accounts Receivable-$2,424-
Total Assets$26,441$14,020▼ $12,421
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,441$14,020▼ $12,421
Total Net Assets Fund Balance$26,441$14,020▼ $12,421
Total Liabilities and Net Assets / Fund Balance$26,441$14,020▼ $12,421
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,895
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-12,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,386
Other Expenses$4,930
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$9,386--$9,386
Information Technology$3,211--$3,211
Fees for Services Accounting-$700-$700
Fees for Services Other-$669-$669
Conferences and Meetings-$281-$281
Office Expenses-$69-$69
Total Functional Expenses$12,597$1,719$0$14,316
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
2021-07-15
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
David M Senness CPA
Address
7900 XERXES AVE SOUTH STE 500, BLOOMINGTON, MN 55431
Preparer
David M Senness
Phone
9528930107
Raw XML Appendix275 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JAMES A. RICE CHAIR/PRES BRIAN E. RICE V CHAIR/TREA FATHER --SON JAMES A. RICE CARIN BAUMGARTNER CHAIR/PRES DIRECTOR FATHER-DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
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ReturnHeader/ReturnTs02021-08-16T08:07:13-05:00
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,020
Liabilities
$0
Net assets
$14,020
Revenue
$1,895
Expenses
$14,316
Net income
-$12,421
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