Civic Intelligence

Luverne Area Community Foundation

990 • Fiscal year 2013 • EIN 41-1512905

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 14, 2014

Organization ProfileLUVACF.ORG
PO Box 623Luverne, MN 56156-0623

(507) 220-2424

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.07x

Higher debt load relative to assets than 43% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

70th percentile

0.34x

Higher debt load relative to revenue than 70% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

78th percentile

15%

Faster asset growth than 78% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

86th percentile

43%

Faster revenue growth than 86% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$2,717,695

Up $354,365 (+15%) from 2012

Net Assets

Up

$2,527,065

Up $480,416 (+23%) from 2012

Liabilities

Down

$190,630

Down $126,051 (-40%) from 2012

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin81st percentile

Revenue

Up

$563,667

Up $168,659 (+43%) from 2012

Expenses

Up

$423,736

Up $138,724 (+49%) from 2012

Net Income

Up

$139,931

Up $29,935 (+27%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$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

2013

Assets$2,717,695
Liabilities$190,630
Net Assets$2,527,065
Open 2013 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$563,667
Expenses$423,736
Net Income$139,931
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 14, 2014
Return Version
2013v3.1
Gross Receipts
$751,128
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$1,702,351$2,120,289▲ $417,938
Pledges and Grants Receivable$383,200$367,700▼ $15,500
Savings and Temporary Cash Investments$277,779$229,706▼ $48,073
Total Assets$2,363,330$2,717,695▲ $354,365
Liabilities
Deferred Revenue$253,199$168,798▼ $84,401
Grants Payable$61,700$19,816▼ $41,884
Accounts Payable and Accrued Expenses$1,782$2,016▲ $234
Total Liabilities$316,681$190,630▼ $126,051
Net Assets / Fund Balance
Unrestricted Net Assets$1,696,649$2,527,065▲ $830,416
Temporarily Rstr Net Assets$350,000--
Total Net Assets Fund Balance$2,046,649$2,527,065▲ $480,416
Total Liabilities and Net Assets / Fund Balance$2,363,330$2,717,695▲ $354,365

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$210,054---$198,354
2012$216,554---$210,054
2011$218,995$1,260▲ $289-$216,554
2010$197,723$39,929▲ $19,027-$218,995
2009$120,533$142,595▲ $213-$197,723
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Michele Van DykePresident
Beth BartelsDirector
Jeff HartquistDirector
Mary TilstraDirector
Mike EngesserDirector
Nadine SchoepDirector
Ryan JohnsonDirector
Ben Vander KooiExec at Larg
Doug EismaSecty
Barb BerghorstTreasurer
Mike CoxVice-pres
Revenue and Support

Revenue Composition

Contributions and Grants
$474,936
Program Service Revenue
$0
Investment Income
$88,731
Other Revenue
$0
All Other Contributions
$366,930
Change in Net Assets
$139,931

Audited Revenue Reconciliation

Revenue per Audited Statements
$563,667
Revenue Not Reported on Form 990
$256,084
Total Revenue per Audited Statements
$819,751
Total Revenue per Form 990
$563,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$323,375
Other Expenses$73,285
Total Fundraising Expense$61,633
Salaries, Compensation, and Employee Benefits$27,076
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$323,375--$323,375
Other Salaries and Wages-$12,960$12,040$25,000
All Other Expenses-$6,732$2,988$9,720
Fees for Services Accounting-$9,400-$9,400
Fees for Service Investment Mgmnt Fees-$8,137-$8,137
Advertising--$6,756$6,756
Other Expenses--$4,432$4,432
Payroll Taxes-$1,076$1,000$2,076
Office Expenses-$423-$423
Total Functional Expenses$323,375$38,728$61,633$423,736

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$423,736
Total Expenses per Audited Statements$423,736
Total Expenses per Form 990$423,736
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
41-6005885-3Hospice$125,630
41-2936666-3Theater Update$59,902
41-6005885-GovLocal Foodshelp$30,000
46-0227855-3Hospital$16,323
41-1784004--Kindness/respect Ret$9,998
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$87,990---
Event 2$13,373---
Total Events$108,006---
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
Yes
Audit committee
Yes
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

EIN
41-1512905
Phone
5072202424

Signing Officer

Name
Barb Berghorst
Title
Treasurer
Phone
5072202424
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Berghorst
Formed
1992
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
10

Preparer

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

“Cash to accrual conversion sect 481(a) 84,401”

Raw XML AppendixShowing 400 of 474 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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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01000
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01076
IRS990/PayrollTaxesGrp/TotalAmt02076
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0383200
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0367700
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0BARBARA BERGHORST
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0321783
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0198400
IRS990/PYInvestmentIncomeAmt073225
IRS990/PYOtherExpensesAmt063249
IRS990/PYRevenuesLessExpensesAmt0109996
IRS990/PYSalariesCompEmpBnftPaidAmt023363
IRS990/PYTotalExpensesAmt0285012
IRS990/PYTotalRevenueAmt0395008
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0139931
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0277779
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0229706
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0474936
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0321783
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0301747
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0316648
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0709327
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02124441
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt050671
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt052557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt041545
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027729
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0172502
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92490
IRS990ScheduleA/PublicSupportPY170Pct00.93120
IRS990ScheduleA/PublicSupportTotal170Amt02124441
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0474936
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0321783
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0301747
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0316648
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0709327
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02124441
IRS990ScheduleA/TotalSupportAmt02296943
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0210054
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0198354
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt011700
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0216554
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0210054
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt06500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01096
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0218995
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01260
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0216554
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt02894
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0289
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt02271
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0197723
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt039929
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0218995
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt035413
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019027
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt03431
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0120533
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0142595
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0197723
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt062187
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0213
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt011700
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0423736
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0256084
IRS990ScheduleD/RevenueNotReportedAmt0256084
IRS990ScheduleD/RevenueSubtotalAmt0563667
IRS990ScheduleD/TotalExpensesPerForm990Amt0423736
IRS990ScheduleD/TotalRevenuePerForm990Amt0563667
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0819751
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0423736
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0108006
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt087990
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt013373
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt06643
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt087990
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013373
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt06643
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0108006
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0CHARITY DINNER/
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0ANNUAL FUNDRAIS
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt059902
IRS990ScheduleI/RecipientTable/CashGrantAmt1125630
IRS990ScheduleI/RecipientTable/CashGrantAmt216323
IRS990ScheduleI/RecipientTable/CashGrantAmt330000
IRS990ScheduleI/RecipientTable/CashGrantAmt49998
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/IRCSectionDesc13
IRS990ScheduleI/RecipientTable/IRCSectionDesc23
IRS990ScheduleI/RecipientTable/IRCSectionDesc3GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0THEATER UPDATE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1HOSPICE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2HOSPITAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3LOCAL FOODSHELP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4KINDNESS/RESPECT RET
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10BLUE MOUNDS AREA THEATER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11LUVERNE COMMUNITY HOSPICE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12SANFORD HOSPITAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine13ROCK COUNTY FOODSHELF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine14LUVERNE PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0412936666
IRS990ScheduleI/RecipientTable/RecipientEIN1416005885
IRS990ScheduleI/RecipientTable/RecipientEIN2460227855
IRS990ScheduleI/RecipientTable/RecipientEIN3416005885
IRS990ScheduleI/RecipientTable/RecipientEIN4411784004
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10104 E MAIN ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine111600 N KNISS AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine121600 N KNISS AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine13LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine14709 N KNISS AVE
IRS990ScheduleI/RecipientTable/USAddress/City0LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/City1LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/City2LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/City3LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/City4LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/State0MN
IRS990ScheduleI/RecipientTable/USAddress/State1MN
IRS990ScheduleI/RecipientTable/USAddress/State2MN
IRS990ScheduleI/RecipientTable/USAddress/State3MN
IRS990ScheduleI/RecipientTable/USAddress/State4MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode056156
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode156156
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode256156
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode356156
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode456156
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0REQUIRES A COMPLETION REPORT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt05
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LUVERNE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE FORM 990 AT ITS NEXT MEETING AFTER PREPARATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LACF'S ORGANIZATION DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CASH TO ACCRUAL CONVERSION SECT 481(A) 84,401
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,717,695
Liabilities
$190,630
Net assets
$2,527,065
Revenue
$563,667
Expenses
$423,736
Net income
$139,931
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $1M-$5M nonprofits