Civic Intelligence

Acg Legacy Fund

990 • Fiscal year 2020 • EIN 83-2728556

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

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

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

94th percentile

65%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

49th percentile

$57,619

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 127.6% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

2nd percentile

-44%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-81%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$1,156,896

Down $900,370 (-44%) from 2019

Net Assets

Down

$1,156,896

Down $887,270 (-43%) from 2019

Liabilities

Down

$0

Down $13,100 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin94th percentile

Revenue

Down

$45,145

Down $189,107 (-81%) from 2019

Expenses

Down

$15,988

Down $50,438 (-76%) from 2019

Net Income

Down

$29,157

Down $138,669 (-83%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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

2020

Assets$1,156,896
Liabilities$0
Net Assets$1,156,896
Open 2020 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

2020

Revenue$45,145
Expenses$15,988
Net Income$29,157
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$45,145
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$2,036,963$926,046▼ $1,110,917
Other Notes and Loans Receivable, Net-$148,955-
Savings and Temporary Cash Investments-$50,000-
Cash and Non-Interest-Bearing Accounts$20,303$31,895▲ $11,592
Total Assets$2,057,266$1,156,896▼ $900,370
Liabilities
Accounts Payable and Accrued Expenses$13,100--
Total Liabilities$13,100$0▼ $13,100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,044,166$1,156,896▼ $887,270
Total Net Assets Fund Balance$2,044,166$1,156,896▼ $887,270
Total Liabilities and Net Assets / Fund Balance$2,057,266$1,156,896▼ $900,370

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$926,046--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Barb CarrExecutive DiPT$57,619$57,619
Mark JeffersExecutive DiPT$10,354$10,354

Board Members and Trustees

NameTitle
Ross WagnerChair of Boa
John SloanVice Chair O
Mary PoetzDirector
Pat MurphyDirector
Terry RobinsonDirector
Genevieve FiedlerSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$101,184
Program Service Revenue
$0
Investment Income
$55,935
Other Revenue
$-111,974
Change in Net Assets
$29,157
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,988
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
Fees for Services Accounting-$14,144-$14,144
Interest$287--$287
Other Expenses$66$147-$66
Total Functional Expenses$353$15,635$0$15,988
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
2021-11-15

Organization Details

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

Preparer

Firm
B Johnson & Assoc Ltd
Address
11610 ANDREW ST, BRAINERD, MN 56401
Preparer
Christopher B Ford CPA
Phone
2188293501
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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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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER B FORD CPA
ReturnHeader/ReturnTs02021-11-15T17:11:44-06:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FIEDLER
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,156,896
Liabilities
$0
Net assets
$1,156,896
Revenue
$45,145
Expenses
$15,988
Net income
$29,157
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