Civic Intelligence

Fairview Foundation

990 • Fiscal year 2017 • EIN 36-3632069

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 06, 2018

2845 North Hamline AvenueRoseville, MN 55113

(651) 631-6162

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.04x

Higher debt load relative to assets than 52% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

1335.15x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

1st percentile

-65404%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

Down

$855,139

Down $663,032 (-44%) from 2010

Net Assets

Up

$819,090

Up $392,508 (+92%) from 2010

Liabilities

Down

$36,049

Down $1,055,540 (-97%) from 2010

Revenue

$27

No earlier filing loaded for comparison.

Expenses

Down

$17,686

Down $310,719 (-95%) from 2010

Net Income

-$17,659

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,518,171Liabilities 2010: $1,091,589Net Assets 2010: $426,5822010Assets 2017: $855,139Liabilities 2017: $36,049Net Assets 2017: $819,0902017Assets 2018: $888,767Liabilities 2018: $79,274Net Assets 2018: $809,4932018Assets 2019: $929,319Liabilities 2019: $131,873Net Assets 2019: $797,4462019Assets 2020: $1,726,362Liabilities 2020: $195,679Net Assets 2020: $1,530,6832020Assets 2021: $1,767,048Liabilities 2021: $258,054Net Assets 2021: $1,508,9942021Assets 2022: $1,707,071Liabilities 2022: $318,169Net Assets 2022: $1,388,9022022Assets 2024: $1,807,902Liabilities 2024: $450,859Net Assets 2024: $1,357,0432024

Highlighted filing

2017

Assets$855,139
Liabilities$36,049
Net Assets$819,090

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $328,4052010Revenue 2017: $27Expenses 2017: $17,686Net Income 2017: -$17,6592017Revenue 2018: $1,315Expenses 2018: $10,912Net Income 2018: -$9,5972018Revenue 2019: $40,552Expenses 2019: $52,599Net Income 2019: -$12,0472019Revenue 2020: $806,902Expenses 2020: $73,665Net Income 2020: $733,2372020Revenue 2021: $75,257Expenses 2021: $96,946Net Income 2021: -$21,6892021Revenue 2022: $86,825Expenses 2022: $206,917Net Income 2022: -$120,0922022Revenue 2024: $86,825Expenses 2024: $103,302Net Income 2024: -$16,4772024

Highlighted filing

2017

Revenue$27
Expenses$17,686
Net Income-$17,659
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 6, 2018
Return Version
2016v3.0
Gross Receipts
$27
Mission and Program Overview

Mission

The mission of presbyterian homes foundation is to honor god by enriching the lives and touching the hearts of older adults.

To honor god by enriching the lives and touching the hearts of older adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$810,914$848,214▲ $37,300
Cash and Non-Interest-Bearing Accounts$22,969$6,925▼ $16,044
Total Assets$833,883$855,139▲ $21,256
Liabilities
Other Liabilities$-38,452$34,826▲ $73,278
Accounts Payable and Accrued Expenses-$1,223-
Total Liabilities$-38,452$36,049▲ $74,501
Net Assets / Fund Balance
Unrestricted Net Assets$648,221$583,192▼ $65,029
Permanently Rstr Net Assets$224,114$235,898▲ $11,784
Total Net Assets Fund Balance$872,335$819,090▼ $53,245
Total Liabilities and Net Assets / Fund Balance$833,883$855,139▲ $21,256

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$224,114-▲ $11,784-$235,898
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel LindhCEO
Mark MeyerCFO
Janene ConnellyVP Foundation
Karen MckennaVP Human Resources
Michael BinghamVP Optage
William HagstromVP Senior Housing Partners
Sharon KlefsaasVP Site Operations
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$27
Change in Net Assets
$-17,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,686
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-$10,063-$10,063
Other Expenses-$7,121-$7,121
Interest-$502-$502
Total Functional Expenses$0$17,686$0$17,686
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Annuity Payments$34,826
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Phs management, llc provides management services for fairview foundation. Phs management, llc provides financial accounting, operational oversight, human resources, information technology, clinical nursing consultation, corporate compliance, coordinated advertising and marketing, staffing for fund development, and new business development.

Form 990, Part VI, Section A, Line 4

Fairview foundation was acquired by presbyterian homes and services during the tax year ending september 30, 2017, therefore, their governing documents were amended to reflect the change in ownership and membership.

Form 990, Part VI, Section A, Line 6

The sole member of fairview foundation is presbyterian homes foundation.

Form 990, Part VI, Section A, Line 7A

The members of the organization elect the members of the governing body, but not if the persons on the governing body are the organization's only members or their delegates.

Form 990, Part VI, Section A, Line 7B

Fairview foundation's articles of incorporation and bylaws may not be amended, supplemented, restated, rescinded, or modified or replaced in any other way, without the approval of the member, presbyterian homes foundation.

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

The organization's form 990 is provided to voting members of the governing body prior to filing with the irs. Officers and management of the organization have been involved in the preparation of the form 990 and have reviewed it throughout the process.

Form 990, Part VI, Section B, Line 12C

The organization obtains annually written disclosures from governing body members, officers, and key employees. Management and officers review these disclosures and evaluate whether the interest could result in a conflict and then take the necessary steps to remediate any such conflict.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fairview Foundation
EIN
36-3632069
Phone
6516316162
Address
2845 NORTH HAMLINE AVENUE, ROSEVILLE, MN 55113

Signing Officer

Name
Mark Meyer
Title
CFO
Phone
6516316162
Signed
2018-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Lindh
Formed
1989
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Kacie Mcewen
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Other adjustments -35,586.

Financial Statement Notes

PART V, LINE 4:

Fairview foundation endowment funds will be used as directed by the donor's restrictions

PART X, LINE 2:

The organization and its affiliates are generally exempt from income taxes under section 501(c)(3) of the internal revenue code and applicable sections of the state statutes; consequently, no provision has been made for income taxes. However, there are immaterial amounts of unrelated business income in certain affiliates that are taxable. The organization follows the accounting standard for contingencies in evaluating uncertain tax positions. The organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the internal revenue service (irs).

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION AND ITS AFFILIATES ARE GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE SECTIONS OF THE STATE STATUTES; CONSEQUENTLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. HOWEVER, THERE ARE IMMATERIAL AMOUNTS OF UNRELATED BUSINESS INCOME IN CERTAIN AFFILIATES THAT ARE TAXABLE. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE (IRS).
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK MEYER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DANIEL LINDH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JANENE CONNELLY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3SHARON KLEFSAAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4KAREN MCKENNA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5WILLIAM HAGSTROM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6MICHAEL BINGHAM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VP FOUNDATION
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VP SITE OPERATIONS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VP HUMAN RESOURCES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5VP SENIOR HOUSING PARTNERS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt6VP OPTAGE
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CEO'S COMPENSATION IS DETERMINED BY PRESBYTERIAN HOMES AND SERVICES, A RELATED ORGANIZATION. PRESBYTERIAN HOMES AND SERVICES USES THE FOLLOWING TO DETERMINE THE CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PHS MANAGEMENT, LLC PROVIDES MANAGEMENT SERVICES FOR FAIRVIEW FOUNDATION. PHS MANAGEMENT, LLC PROVIDES FINANCIAL ACCOUNTING, OPERATIONAL OVERSIGHT, HUMAN RESOURCES, INFORMATION TECHNOLOGY, CLINICAL NURSING CONSULTATION, CORPORATE COMPLIANCE, COORDINATED ADVERTISING AND MARKETING, STAFFING FOR FUND DEVELOPMENT, AND NEW BUSINESS DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FAIRVIEW FOUNDATION WAS ACQUIRED BY PRESBYTERIAN HOMES AND SERVICES DURING THE TAX YEAR ENDING SEPTEMBER 30, 2017, THEREFORE, THEIR GOVERNING DOCUMENTS WERE AMENDED TO REFLECT THE CHANGE IN OWNERSHIP AND MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE MEMBER OF FAIRVIEW FOUNDATION IS PRESBYTERIAN HOMES FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE ORGANIZATION ELECT THE MEMBERS OF THE GOVERNING BODY, BUT NOT IF THE PERSONS ON THE GOVERNING BODY ARE THE ORGANIZATION'S ONLY MEMBERS OR THEIR DELEGATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FAIRVIEW FOUNDATION'S ARTICLES OF INCORPORATION AND BYLAWS MAY NOT BE AMENDED, SUPPLEMENTED, RESTATED, RESCINDED, OR MODIFIED OR REPLACED IN ANY OTHER WAY, WITHOUT THE APPROVAL OF THE MEMBER, PRESBYTERIAN HOMES FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S FORM 990 IS PROVIDED TO VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. OFFICERS AND MANAGEMENT OF THE ORGANIZATION HAVE BEEN INVOLVED IN THE PREPARATION OF THE FORM 990 AND HAVE REVIEWED IT THROUGHOUT THE PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION OBTAINS ANNUALLY WRITTEN DISCLOSURES FROM GOVERNING BODY MEMBERS, OFFICERS, AND KEY EMPLOYEES. MANAGEMENT AND OFFICERS REVIEW THESE DISCLOSURES AND EVALUATE WHETHER THE INTEREST COULD RESULT IN A CONFLICT AND THEN TAKE THE NECESSARY STEPS TO REMEDIATE ANY SUCH CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER ADJUSTMENTS -35,586.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00

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