Civic Intelligence

Bigfork Valley Foundation

990 • Fiscal year 2023 • EIN 26-1634561

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 23, 2024

Organization ProfileWWW.BIGFORKVALLEYFOUNDATION.ORG
PO Box 44Bigfork, MN 56628

(218) 743-4116

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

3rd percentile

-380%

Higher net margin than 3% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

85th percentile

$19,875

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 16.1% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

6th percentile

-71%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-84%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$191,973

Down $467,325 (-71%) from 2022

Net Assets

Down

$191,973

Down $467,325 (-71%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin3rd percentile

Revenue

Down

$123,080

Down $637,081 (-84%) from 2022

Expenses

Up

$590,406

Up $246,997 (+72%) from 2022

Net Income

Down

-$467,326

Down $884,078 (-212%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$800K$600K$400K$200K$0Assets 2013: $47,542Liabilities 2013: $78Net Assets 2013: $47,4642013Assets 2014: $54,109Net Assets 2014: $54,1092014Assets 2015: $42,640Net Assets 2015: $42,6402015Assets 2016: $50,347Net Assets 2016: $50,3472016Assets 2017: $54,224Net Assets 2017: $54,2242017Assets 2018: $96,167Net Assets 2018: $96,1672018Assets 2019: $124,673Net Assets 2019: $124,6732019Assets 2020: $163,278Net Assets 2020: $163,2782020Assets 2021: $242,547Net Assets 2021: $242,5472021Assets 2022: $659,298Liabilities 2022: $0Net Assets 2022: $659,2982022Assets 2023: $191,973Liabilities 2023: $0Net Assets 2023: $191,9732023

Highlighted filing

2023

Assets$191,973
Liabilities$0
Net Assets$191,973
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$1.0M$500K$0-$500KRevenue 2013: $45,845Expenses 2013: $67,732Net Income 2013: -$21,8872013Revenue 2014: $57,735Expenses 2014: $51,090Net Income 2014: $6,6452014Revenue 2015: $71,905Expenses 2015: $83,374Net Income 2015: -$11,4692015Revenue 2016: $105,183Expenses 2016: $99,825Net Income 2016: $5,3582016Revenue 2017: $102,501Expenses 2017: $98,624Net Income 2017: $3,8772017Revenue 2018: $107,932Expenses 2018: $66,289Net Income 2018: $41,6432018Revenue 2019: $86,317Expenses 2019: $57,811Net Income 2019: $28,5062019Revenue 2020: $155,427Expenses 2020: $116,822Net Income 2020: $38,6052020Revenue 2021: $172,964Expenses 2021: $93,695Net Income 2021: $79,2692021Revenue 2022: $760,161Expenses 2022: $343,409Net Income 2022: $416,7522022Revenue 2023: $123,080Expenses 2023: $590,406Net Income 2023: -$467,3262023

Highlighted filing

2023

Revenue$123,080
Expenses$590,406
Net Income-$467,326
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 23, 2024
Return Version
2023v5.1
Gross Receipts
$131,570
Mission and Program Overview

Mission

Bigfork valley community foundation exists to provide an opportunity for individuals to contribute to a private non-profit organization that will support the betterment of the northern itasca hospital district and its communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$642,273$166,560▼ $475,713
Cash and Non-Interest-Bearing Accounts$4,695$13,083▲ $8,388
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$659,298$191,973▼ $467,325
Other Assets Total$12,330$12,330→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$659,298$191,973▼ $467,325
Total Net Assets Fund Balance$659,298$191,973▼ $467,325
Total Liabilities and Net Assets / Fund Balance$659,298$191,973▼ $467,325

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$12,330--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tim JohnsonExecutive DirectorPT$19,875$19,875
Kristen HuotCOOPT$18,300$18,300

Board Members and Trustees

NameTitle
Gail BlackmerChairman
Joel KarelsViceChair/Treas
Aaron SaudeDirector
Bill SwanbergDirector
Ellen BomstadDirector
Jef FisherDirector
Meredith MorneauDirector
Nanci ZeineDirector
Meredie RoundsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$110,654
Program Service Revenue
$0
Investment Income
$6,824
Other Revenue
$5,602
All Other Contributions
$110,169
Change in Net Assets
$-467,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$534,714
Salaries, Compensation, and Employee Benefits$38,175
Other Expenses$17,517
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$534,714--$534,714
Current Officers, Directors, Trustees, and Key Employees$7,950$30,225-$38,175
Fees for Services Accounting-$2,400-$2,400
All Other Expenses-$2,106-$2,106
Other Expenses$5,000$1,895-$1,895
Insurance-$1,061-$1,061
Travel-$77-$77
Total Functional Expenses$547,664$42,742$0$590,406
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bigfork SchoolBigfork, MN--$396,000
City of BigforkBigfork, MN--$45,248
City of EffieEffie, MN--$37,500
Marcell TownshipMarcell, MN--$25,000
Age to Age FundsBigfork, MN--$20,406
Bigfork Valley HospitalBigfork, MN--$7,600
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,092
Fundraising Direct Expenses$8,490
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Bigfork Valley Foundation
EIN
26-1634561
Phone
2187434116
Address
PO BOX 44, BIGFORK, MN 56628

Signing Officer

Name
Joel Karels
Title
Treasurer
Signed
2024-10-23
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Glorvigen Tierney & Company Pllp
Address
200 NE 1ST AVE, GRAND RAPIDS, MN 55744
Preparer
Amanda Dick CPA
Phone
2183266641
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“ROUNDING = $1”

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0751753
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0298987
IRS990/PYInvestmentIncomeAmt02424
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt07822
IRS990/PYOtherRevenueAmt05984
IRS990/PYRevenuesLessExpensesAmt0416752
IRS990/PYSalariesCompEmpBnftPaidAmt036600
IRS990/PYTotalExpensesAmt0343409
IRS990/PYTotalRevenueAmt0760161
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-467326
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0642273
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0166560
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Northern Itasca Hospital District (DBA Bigfork Valley Hospital) CEO has a dedicated/designated position on the Bigfork Valley Foundation Board of Directors and the Northern Itasca Hospital District (DBA Bigfork Valley Hospital) CEO works directly with the Foundation on review and administration of Foundation initiatives and operations. Northern Itasca Hospital District (DBA Bigfork Valley Hospital) approves their funding for the Bigfork Valley Foundation.The Bigfork Valley Foundation presents an annual report to the Northern Itasca Hospital District (DBA Bigfork Valley Hospital) Board of Directors.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section B, Line 1: Explanation Of How Supported Orgs. Managed Actvities
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0411242647
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BIGFORK VALLEY HOSPITAL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012330
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ARTWORK
IRS990ScheduleD/TotalBookValueOtherAssetsAmt012330
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt020406
IRS990ScheduleI/RecipientTable/CashGrantAmt1396000
IRS990ScheduleI/RecipientTable/CashGrantAmt27600
IRS990ScheduleI/RecipientTable/CashGrantAmt345248
IRS990ScheduleI/RecipientTable/CashGrantAmt437500
IRS990ScheduleI/RecipientTable/CashGrantAmt525000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AGE TO AGE FUNDS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BIGFORK SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2BIGFORK VALLEY HOSPITAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3CITY OF BIGFORK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4CITY OF EFFIE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5MARCELL TOWNSHIP
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0200 MAIN AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1100 HUSKIE BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2258 PINE TREE DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3200 MAIN AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt412 NE HWY 1
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO BOX 141
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BIGFORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BIGFORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BIGFORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm3BIGFORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm4EFFIE
IRS990ScheduleI/RecipientTable/USAddress/CityNm5MARCELL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056628
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd156628
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd256628
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd356628
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd456639
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd556657
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0BIGFORK VALLEY FOUNDATION REQUIRES CERTAIN FUND RECIPENTS TO SUBMIT DETAILED REPORTS THAT OUTLINE PROJECT/PROGRAM INCOME AND EXPENSES AND A PROJECT/PROGRAM SUMMARY CONFIRMING THAT THE PROJECT OR PROGRAM WAS COMPLETED SATISFACTORILY. THESE REPORTS ARE REVEIWED BY THE BIGFORK VALLEY FOUNDATION OFFICERS AND BOARD MEMBERS.BIGFORK VALLEY FOUNDATION COMPLIES WITH AND FILES REPORTS FOR GRANTS THAT IT RECEIVES AS REQUIRED BY THE FUNDING SOURCE AND ALSO FILES A 990 TAX RETURN AND MN ATTORNEY GENERAL REPORT ANNUALLY.THE BIGFORK VALLEY FOUNDATION BOARD MEMBERS AND OFFICERS ANALYZE FINANCIALS AND MONITOR GRANTS THROUGHOUT THE YEAR TO VERIFY COMPLIANCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt05
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ROUNDING = $1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$191,973
Liabilities
$0
Net assets
$191,973
Revenue
$123,080
Expenses
$590,406
Net income
-$467,326
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$1.23$5.90$4.67
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.59$0.00$6.59$7.60$3.43$4.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.43$2.43$1.73$0.94$0.79
2020Detailed filing. Detailed filing data is available for this year.$1.63$1.63$1.55$1.17$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$1.25$0.86$0.58$0.29
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.96$1.08$0.66$0.42
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.54$1.03$0.99$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.50$0.50$1.05$1.00$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.43$0.72$0.83$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.54$0.58$0.51$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.47$0.46$0.68$0.22