Akadimi Foundation FY2022 filing

Tax-deductible

Minnetonka, MN501(c)(3)Since 2018InternationalEIN 82-0596598

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.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$10K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $1K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$72
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$75K
+11% vs prior year
Spent
$72K
To programs
86%
Net assets
$38K
By yearFY2020–FY2025
Revenue
$75K
FY2022▲ +11%
Revenue by fiscal year
FY2020$2K
FY2021$68K
FY2022$75K
FY2023$71K
FY2024$86K
FY2025$60K
Expenses
$72K
FY2022▲ +50%
Expenses by fiscal year
FY2020$14K
FY2021$48K
FY2022$72K
FY2023$77K
FY2024$73K
FY2025$88K
Net assets
$38K
FY2022▲ +11%
Net assets by fiscal year
FY2020$14K
FY2021$35K
FY2022$38K
FY2023$33K
FY2024$46K
FY2025$19K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $62K Management & general 14% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$9,000Pt VII · Sec A
Treasurer/Se
$1,000Pt VII · Sec A
$0Pt VII · Sec A

James a Rice’s $15K as President is at the 44th percentile of top reported officer pay among 167 <$100K international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021
James a Rice$15,000$9,000—
Brian E Rice—$1,000$15,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Akadimi Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves health systems through better governance and leadership.

Provided by the organization

This section is blank until Akadimi Foundation claims this page.

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2 program services account for $62K of program spending, described in the organization's own filed words · FY2022.
01

Delivered consulting services to health care organizations and facilities to improve their governance and community health outcomes

$53Kprogram expense
02

Fostered relationships with other nonprofits for future knowledge exchange, making grants to support their domestic and international health and education objectives.

$9Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $28K · 2024–2025
Grants to Outside OrganizationsFY2025$7,948
Grants to Outside OrganizationsFY2024$19,826

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$75K
Ln 12
Fees for servicesLn 2g$64K
Gifts and grantsLn 1h$11K
Money outPt IX
$72K
Ln 25
Programscol B$62K
Managementcol C$10K
Owns and owesPt X
$38K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$38K
LiabilitiesLn 26$72
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Fees for servicesLn 2g$64K
Total revenueLn 12$75K
Assets in detailPt X, end of year
CashLn 1$32K
Cash and savings togetherLn 1–2$32K
InvestmentsLn 11–13$5K
Total assetsLn 16$38K
LiabilitiesLn 26$72
Net assetsLn 32$38K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$34K$32K
InvestmentsLn 11–13$5K
Total assetsLn 16$35K$38K
LiabilitiesLn 26$575$72
Net assetsLn 32$35K$38K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9K$9K
Pay of current officers, directors and key staffLn 5$10K$9K$1K
Management feesLn 11a$8K$8K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$650$650
Other fees for servicesLn 11g$75$75
Office expensesLn 13$6K$1K$5K
Information technologyLn 14$6K$6K
TravelLn 17$10K$10K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$18K$18K
Other expenses (24a–d)Ln 24$469$469
Total functional expensesLn 25$72K$62K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $60K$88K−$28K$19K 990 PDF
FY2024 $86K$73K$13K$46K 990 PDF
FY2023 $71K$77K−$5K$33K 990 PDF
FY2022 Viewing $75K$72K$4K$38K 990 PDF
FY2021 $68K$48K$21K$35K 990 PDF
FY2020 $2K$14K−$12K$14K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $75,466 across 4 lines filed
VIII-1f All other contributions, gifts and grants$11,466
VIII-1h Total contributions, gifts and grants$11,466
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $64,000$64,000
VIII-12 Total revenueExcluded from tax $64,000$75,466
Part IX · Statement of functional expenses $71,645 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $8,675$8,675
IX-5 Pay of current officers, directors and key staffPrograms $9,000 · Management $1,000$10,000
IX-11a Management feesPrograms $7,569$7,569
IX-11b Legal feesManagement $2,675$2,675
IX-11c Accounting feesManagement $650$650
IX-11g Other fees for servicesManagement $75$75
IX-13 Office expensesPrograms $1,210 · Management $5,048$6,258
IX-14 Information technologyPrograms $5,756$5,756
IX-17 TravelPrograms $9,628$9,628
IX-19 Conferences, conventions and meetingsPrograms $1,845$1,845
IX-22 Depreciation, depletion and amortizationPrograms $18,045$18,045
IX-24 Other expenses (24a–d)Management $469$469
IX-25 Total functional expensesPrograms $61,728 · Management $9,917 · Fundraising $0$71,645
Part X · Balance sheet $38,480 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $33,787$32,105
X-4 Accounts receivableStart of year $1,375$1,375
X-12 Other securities$5,000
X-16 Total assetsStart of year $35,162$38,480
X-17 Accounts payable and accrued expensesStart of year $575$72
X-26 Total liabilitiesStart of year $575$72
X-27 Net assets without donor restrictionsStart of year $34,587$38,408
X-32 Total net assets or fund balancesStart of year $34,587$38,408
X-33 Total liabilities and net assetsStart of year $35,162$38,480
Part XI · Reconciliation of net assets $38,408 net assets at year end
XI-1 Total revenue$75,466
XI-2 Total expenses$71,645
XI-3 Revenue less expenses$3,821
XI-4 Net assets at start of year$34,587
XI-10 Net assets at end of year$38,408

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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