Civic Intelligence

Luverne Area Community Foundation

EIN 41-1512905 • 501(c)3 • Luverne, MN

Profile

Luverne area community foundation is a publicly supported community foundation that attracts, manages, and distributes charitable contributions and grants to its primary service area, rock county, minnesota, which has a population of approximately 10,000.

PO Box 623Luverne, MN 56156-0623

luvacf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.06x

Higher debt load relative to assets than 38% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.16x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

19%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

64th percentile

15%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$7,951,958

Up $2,298,247 (+41%) from 2022

Liabilities

Up

$469,580

Up $98,386 (+27%) from 2022

Net Assets

Up

$7,482,378

Up $2,199,861 (+42%) from 2022

Operations
Liabilities / Revenue51st percentileNet Margin73rd percentile

Revenue

Up

$2,861,432

Up $703,207 (+33%) from 2022

Expenses

Down

$2,310,796

Down $14,258 (-0.6%) from 2022

Net Income

Up

$550,636

Up $717,465 (+430%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,701,504Liabilities 2010: $1,005Net Assets 2010: $1,700,4992010Assets 2011: $1,720,040Liabilities 2011: $1,106Net Assets 2011: $1,718,9342011Assets 2012: $2,363,330Liabilities 2012: $316,681Net Assets 2012: $2,046,6492012Assets 2013: $2,717,695Liabilities 2013: $190,630Net Assets 2013: $2,527,0652013Assets 2014: $3,104,840Liabilities 2014: $132,238Net Assets 2014: $2,972,6022014Assets 2015: $3,306,857Liabilities 2015: $45,367Net Assets 2015: $3,261,4902015Assets 2016: $3,801,178Liabilities 2016: $48,520Net Assets 2016: $3,752,6582016Assets 2017: $4,173,334Liabilities 2017: $302,205Net Assets 2017: $3,871,1292017Assets 2018: $4,039,720Liabilities 2018: $283,431Net Assets 2018: $3,756,2892018Assets 2019: $4,953,140Liabilities 2019: $325,473Net Assets 2019: $4,627,6672019Assets 2020: $5,705,967Liabilities 2020: $344,736Net Assets 2020: $5,361,2312020Assets 2021: $6,630,405Liabilities 2021: $402,145Net Assets 2021: $6,228,2602021Assets 2022: $5,653,711Liabilities 2022: $371,194Net Assets 2022: $5,282,5172022Assets 2024: $7,951,958Liabilities 2024: $469,580Net Assets 2024: $7,482,3782024

Highlighted filing

2024

Assets$7,951,958
Liabilities$469,580
Net Assets$7,482,378
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $366,3282010Revenue 2011: $361,296Expenses 2011: $300,018Net Income 2011: $61,2782011Revenue 2012: $395,008Expenses 2012: $285,012Net Income 2012: $109,9962012Revenue 2013: $563,667Expenses 2013: $423,736Net Income 2013: $139,9312013Revenue 2014: $749,522Expenses 2014: $430,571Net Income 2014: $318,9512014Revenue 2015: $860,223Expenses 2015: $545,766Net Income 2015: $314,4572015Revenue 2016: $1,002,344Expenses 2016: $666,593Net Income 2016: $335,7512016Revenue 2017: $693,018Expenses 2017: $647,220Net Income 2017: $45,7982017Revenue 2018: $1,128,135Expenses 2018: $735,365Net Income 2018: $392,7702018Revenue 2019: $2,171,758Expenses 2019: $1,151,373Net Income 2019: $1,020,3852019Revenue 2020: $1,559,044Expenses 2020: $1,042,069Net Income 2020: $516,9752020Revenue 2021: $2,811,176Expenses 2021: $2,438,513Net Income 2021: $372,6632021Revenue 2022: $2,158,225Expenses 2022: $2,325,054Net Income 2022: -$166,8292022Revenue 2024: $2,861,432Expenses 2024: $2,310,796Net Income 2024: $550,6362024

Highlighted filing

2024

Revenue$2,861,432
Expenses$2,310,796
Net Income$550,636
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,951,958
Liabilities
$469,580
Net assets
$7,482,378
Revenue
$2,861,432
Expenses
$2,310,796
Net income
$550,636
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.95$0.47$7.48$2.86$2.31$0.55
2022Detailed filing. Detailed filing data is available for this year.$5.65$0.37$5.28$2.16$2.33$0.17
2021Detailed filing. Detailed filing data is available for this year.$6.63$0.40$6.23$2.81$2.44$0.37
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.71$0.34$5.36$1.56$1.04$0.52
2019Detailed filing. Detailed filing data is available for this year.$4.95$0.33$4.63$2.17$1.15$1.02
2018Detailed filing. Detailed filing data is available for this year.$4.04$0.28$3.76$1.13$0.74$0.39
2017Detailed filing. Detailed filing data is available for this year.$4.17$0.30$3.87$0.69$0.65$0.05
2016Detailed filing. Detailed filing data is available for this year.$3.80$0.05$3.75$1.00$0.67$0.34
2015Detailed filing. Detailed filing data is available for this year.$3.31$0.05$3.26$0.86$0.55$0.31
2014Detailed filing. Detailed filing data is available for this year.$3.10$0.13$2.97$0.75$0.43$0.32
2013Detailed filing. Detailed filing data is available for this year.$2.72$0.19$2.53$0.56$0.42$0.14
2012Summary only. Only limited summary data is available for this year.$2.36$0.32$2.05$0.40$0.29$0.11
2011Summary only. Only limited summary data is available for this year.$1.72$0.00$1.72$0.36$0.30$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.00$1.70$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$4,331,151
Mission and Program Overview

Mission

Luverne area community foundation is a publicly supported community foundation that attracts, manages, and distributes charitable contributions and grants to its primary service area, rock county, minnesota, which has a population of approximately 10,000.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,725,675$6,272,917▲ $547,242
Pledges and Grants Receivable$886,344$823,933▼ $62,411
Savings and Temporary Cash Investments$427,459$588,746▲ $161,287
Investments Other Securities$250,000$250,000→ $0
Accounts Receivable$2,500$8,231▲ $5,731
Prepaid Expenses and Deferred Charges$4,299$5,824▲ $1,525
Land, Buildings, and Equipment, Net$128$2,307▲ $2,179
Total Assets$7,296,405$7,951,958▲ $655,553
Liabilities
Other Liabilities$388,427$415,053▲ $26,626
Grants Payable$9,484$42,310▲ $32,826
Accounts Payable and Accrued Expenses$11,955$12,217▲ $262
Total Liabilities$409,866$469,580▲ $59,714
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,628,230$5,012,919▲ $384,689
Net Assets With Donor Restrictions$2,258,309$2,469,459▲ $211,150
Total Net Assets Fund Balance$6,886,539$7,482,378▲ $595,839
Total Liabilities and Net Assets / Fund Balance$7,296,405$7,951,958▲ $655,553

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,307$23,296$25,603

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$748,032$165,417▲ $77,908--
2023$644,835$71,941▲ $55,425-$748,032
2022$767,348$1,830▼ $73,655-$644,835
2021$699,377$50,323▲ $66,975-$767,349
2020$668,341$20,543▲ $52,672$2,752$699,378
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Sharla ReischPresident
Gary OvergaardDirector
Jim JuhlDirector
Josh TeuneDirector
Kevin ThelenDirector
Knute OldreDirector
Melissa FickDirector
Tracy HansenDirector
Wayne RobinsonDirector
Tammy JohnsonSecty
Ron HonkenTreasurer
Keith ElbersVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,199,610
Program Service Revenue
$0
Investment Income
$558,363
Other Revenue
$103,459
All Other Contributions
$2,199,610
Change in Net Assets
$550,636

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,832,881
Revenue Not Reported on Financial Statements
$28,551
Revenue Not Reported on Form 990
$45,203
Total Revenue per Audited Statements
$2,878,084
Total Revenue per Form 990
$2,861,432
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,814,249
Other Expenses$409,173
Total Fundraising Expense$148,209
Salaries, Compensation, and Employee Benefits$87,374
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,814,249--$1,814,249
Fees for Services Other$133,992$15,277-$149,269
Other Salaries and Wages-$30,049$49,354$79,403
Office Expenses$5,088$31,383-$36,471
Occupancy$8,111$8,712$4,356$21,179
Advertising$15,824-$4,394$20,218
Other Expenses$5,162$28,551$6,220$11,382
Payroll Taxes-$2,640$5,331$7,971
Insurance$876$1,000$1,682$3,558
All Other Expenses-$772$1,586$2,358
Depreciation Depletion-$200$337$537
Total Functional Expenses$2,044,003$118,584$148,209$2,310,796

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,310,796
Expenses per Audited Statements$2,282,245
Total Expenses per Audited Statements$2,282,245
Expenses Not Reported on Financial Statements$28,551
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kids Rock IncLuverne, MN3-$527,000
Luverne Area Community FoundationLuverne, MN3History Center$158,877
Luv1luvallLuverne, MN3Local Foodshelp$124,660
Rock County Historical SocietyLuverne, MN3-$100,000
Just for NutsLuverne, MN3-$90,000
Rock County FoodshelfLuverne, MN3-$50,000
Sanford HospiceSioux Falls, SD3-$49,633
Blue Mounds Area TheaterLuverne, MN3Theater Update$45,000
Child Guide Program-luverne PublicLuverne, MNGovMentor Assist. Progr$40,582
Luverne Backpack ProgramLuverne, MN3-$26,903
Rock County AgLuverne, MN3-$20,000
City of MagnoliaMagnolia, MNGov-$18,513
Big Buddies-county of RockLuverne, MN3Child Mentor Program$15,000
Generations IncLuverne, MN3Child Food Program$13,900
Hbcs - Help Build Comm StrongerBeaver Creek, MNGovSupport Rock Co Fair$9,445
Sanford LuverneLuverne, MN3-$6,954
Rock County OpportunityLuverne, MN3-$5,304
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
Funds Held for Others$415,053
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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 board reviews the form 990 at its next meeting after preparation.”

Form 990, Page 6, Part VI, Line 12C

“Reviewed at board meetings.”

Form 990, Page 6, Part VI, Line 15A

“All performance and compensation to be paid to lacf's executive director or any other employees are reviewed annually by the executive committee which consists only of independent board members and then a recommendation is made to the entire board for approval.”

Form 990, Page 6, Part VI, Line 15B

“All performance and compensation to be paid to lacf's executive director or any other employees are reviewed annually by the executive committee which consists only of independent board members and then a recommendation is made to the entire board for approval.”

Form 990, Page 6, Part VI, Line 19

“Lacf's organization documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Luverne Area Community Foundation
EIN
41-1512905
Phone
5072202424
Address
PO BOX 623, LUVERNE, MN 56156-0623

Signing Officer

Name
Sharla Reisch
Title
President
Phone
5072832321
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharla Reisch
Formed
1992
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
2

Preparer

Firm
Meulebroeck Taubert & Co Pllp
Address
216 EAST MAIN ST, PIPESTONE, MN 56164
Preparer
Matt Taubert
Phone
5078254288
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Luverne area community foundation is a publicly supported community foundation that attracts, manages, and distributes charitable contributions and grants to its primary service area, rock county, minnesota, which has a population of approximately 10,000.”

Form 990, Part XI, Line 9

“Funds allocated to others -33,270”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The intended use of the endowment funds are to provide long-term community resources.”

Schedule D, Page 4, Part XI, Line 2D

“Funds allocated to others -33,270”

Raw XML AppendixShowing 400 of 638 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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