Civic Intelligence

Acg Legacy Fund

990 • Fiscal year 2019 • EIN 83-2728556

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 06, 2020

Organization ProfileN/A
316 1st Ave NWAitkin, MN 56431

(218) 927-2172

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

42nd percentile

0.06x

Higher debt load relative to revenue than 42% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

96th percentile

72%

Higher net margin than 96% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

66th percentile

$94,068

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 40.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$2,057,266

Up $297,161 (+17%) from 2018

Net Assets

Up

$2,044,166

Up $284,061 (+16%) from 2018

Liabilities

Up

$13,100

Up $13,100 from 2018

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin96th percentile

Revenue

Down

$234,252

Down $888,147 (-79%) from 2018

Expenses

Up

$66,426

Up $66,426 from 2018

Net Income

Down

$167,826

Down $954,573 (-85%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$3.0M$2.0M$1.0M$0Assets 2018: $1,760,105Liabilities 2018: $0Net Assets 2018: $1,760,1052018Assets 2019: $2,057,266Liabilities 2019: $13,100Net Assets 2019: $2,044,1662019Assets 2020: $1,156,896Liabilities 2020: $0Net Assets 2020: $1,156,8962020Assets 2021: $1,294,422Liabilities 2021: $150Net Assets 2021: $1,294,2722021Assets 2022: $1,130,614Liabilities 2022: $0Net Assets 2022: $1,130,6142022Assets 2023: $760,443Liabilities 2023: $0Net Assets 2023: $760,4432023Assets 2024: $439,643Liabilities 2024: $0Net Assets 2024: $439,6432024

Highlighted filing

2019

Assets$2,057,266
Liabilities$13,100
Net Assets$2,044,166
Open 2019 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2018: $1,122,399Expenses 2018: $0Net Income 2018: $1,122,3992018Revenue 2019: $234,252Expenses 2019: $66,426Net Income 2019: $167,8262019Revenue 2020: $45,145Expenses 2020: $15,988Net Income 2020: $29,1572020Revenue 2021: $234,055Expenses 2021: $8,587Net Income 2021: $225,4682021Revenue 2022: $20,900Expenses 2022: $165,312Net Income 2022: -$144,4122022Revenue 2023: $513,668Expenses 2023: $960,254Net Income 2023: -$446,5862023Revenue 2024: $18,987Expenses 2024: $349,930Net Income 2024: -$330,9432024

Highlighted filing

2019

Revenue$234,252
Expenses$66,426
Net Income$167,826
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 6, 2020
Return Version
2019v5.0
Gross Receipts
$234,252
Mission and Program Overview

Mission

To further the purposes of, support, and/or benefit aitkin county growth, inc. And its mission of economic development in aiktin county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,704,950$2,036,963▲ $332,013
Cash and Non-Interest-Bearing Accounts$55,155$20,303▼ $34,852
Total Assets$1,760,105$2,057,266▲ $297,161
Liabilities
Accounts Payable and Accrued Expenses$2,494$13,100▲ $10,606
Total Liabilities$2,494$13,100▲ $10,606
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,757,611$2,044,166▲ $286,555
Total Net Assets Fund Balance$1,757,611$2,044,166▲ $286,555
Total Liabilities and Net Assets / Fund Balance$1,760,105$2,057,266▲ $297,161

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$2,036,963--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Barb CarrExecutive DiPT$94,068$94,068

Board Members and Trustees

NameTitle
Ross WagnerChair of Boa
John SloanVice Chair O
Genevieve FiedlerSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$234,248
Change in Net Assets
$167,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$234,252
Revenue Not Reported on Form 990
$118,729
Total Revenue per Audited Statements
$352,981
Total Revenue per Form 990
$234,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,426
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
Other Expenses$55,000$4,212-$4,212
Fees for Services Accounting-$820-$820
Total Functional Expenses$55,000$11,426$0$66,426

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$66,426
Total Expenses per Audited Statements$66,426
Total Expenses per Form 990$66,426
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
No
Backup withholding compliance
No
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 11B

“The chairman of the board reviews and approves the 990 before filing.”

Form 990, Page 6, Part VI, Line 19

“Documents of public record are made available upon reasonable request.”

Filing and Contact Details

Filer

Filer Name
Acg Legacy Fund
EIN
83-2728556
Phone
2189272172
Address
316 1ST AVE NW, AITKIN, MN 56431

Signing Officer

Name
Genevieve Fiedler
Title
Secretary/treasurer
Phone
2189272172
Signed
2020-10-06

Organization Details

Principal Officer
Ross Wagner
Formed
2018
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
6

Preparer

Firm
B Johnson & Assoc Ltd
Address
11610 ANDREW ST, BRAINERD, MN 56401
Preparer
Christopher B Ford CPA
Phone
2188293501
Raw XML Appendix355 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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IRS990/TotalLiabilitiesEOYAmt013100
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IRS990/TotalLiabilitiesGrp/EOYAmt013100
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IRS990/TotalProgramServiceExpensesAmt055000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0186065
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0234252
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt048187
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01760105
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02057266
IRS990/TotReportableCompRltdOrgAmt094068
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GENEVIEVE FIEDLER
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ReturnHeader/BusinessOfficerGrp/PhoneNum02189272172
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACG LEGACY FUND
ReturnHeader/Filer/BusinessNameControlTxt0ACGL
ReturnHeader/Filer/EIN0832728556
ReturnHeader/Filer/PhoneNum02189272172
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.90.67.202
ReturnHeader/FilingSecurityInformation/IPDt02020-10-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:52:41
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411927189
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0B JOHNSON & ASSOC LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011610 ANDREW ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRAINERD
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER B FORD CPA
ReturnHeader/ReturnTs02020-10-21T13:52:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,057,266
Liabilities
$13,100
Net assets
$2,044,166
Revenue
$234,252
Expenses
$66,426
Net income
$167,826
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.00$0.44$0.02$0.35$0.33
2023Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.51$0.96$0.45
2022Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.02$0.17$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.23$0.01$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.05$0.02$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.06$0.01$2.04$0.23$0.07$0.17
2018Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$1.12$0.00$1.12