Civic Intelligence

Luverne Area Community Foundation

990 • Fiscal year 2014 • EIN 41-1512905

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 06, 2015

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

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

59th percentile

0.18x

Higher debt load relative to revenue than 59% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

83rd percentile

33%

Faster revenue growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$3,104,840

Up $387,145 (+14%) from 2013

Net Assets

Up

$2,972,602

Up $445,537 (+18%) from 2013

Liabilities

Down

$132,238

Down $58,392 (-31%) from 2013

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin89th percentile

Revenue

Up

$749,522

Up $185,855 (+33%) from 2013

Expenses

Up

$430,571

Up $6,835 (+1.6%) from 2013

Net Income

Up

$318,951

Up $179,020 (+128%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2014

Assets$3,104,840
Liabilities$132,238
Net Assets$2,972,602
Open 2014 Filing

Operations Trend

Revenue Growth83rd 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

2014

Revenue$749,522
Expenses$430,571
Net Income$318,951
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 6, 2015
Return Version
2014v5.0
Gross Receipts
$992,286
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$2,120,289$2,294,771▲ $174,482
Pledges and Grants Receivable$367,700$517,645▲ $149,945
Savings and Temporary Cash Investments$229,706$292,424▲ $62,718
Total Assets$2,717,695$3,104,840▲ $387,145
Liabilities
Deferred Revenue$168,798$84,397▼ $84,401
Grants Payable$19,816$39,626▲ $19,810
Accounts Payable and Accrued Expenses$2,016$8,215▲ $6,199
Total Liabilities$190,630$132,238▼ $58,392
Net Assets / Fund Balance
Unrestricted Net Assets$2,177,065$2,622,602▲ $445,537
Temporarily Rstr Net Assets$350,000$350,000→ $0
Total Net Assets Fund Balance$2,527,065$2,972,602▲ $445,537
Total Liabilities and Net Assets / Fund Balance$2,717,695$3,104,840▲ $387,145

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$198,354---$190,969
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
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Mike CoxPresident
Beth BartelsDirector
Jeff HartquistDirector
Mary TilstraDirector
Mike EngesserDirector
Nancy SandagerDirector
Ryan JohnsonDirector
Ben Vander KooiExec at Larg
Michele Van DykePast Preside
Doug EismaSecty
Barb BerghorstTreasurer
Nadine SchoepVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$632,256
Program Service Revenue
$0
Investment Income
$117,266
Other Revenue
$0
All Other Contributions
$520,109
Change in Net Assets
$318,951

Audited Revenue Reconciliation

Revenue per Audited Statements
$749,522
Revenue Not Reported on Form 990
$42,185
Total Revenue per Audited Statements
$791,707
Total Revenue per Form 990
$749,522
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$333,460
Other Expenses$69,343
Total Fundraising Expense$53,712
Salaries, Compensation, and Employee Benefits$27,768
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$333,460--$333,460
Other Salaries and Wages-$13,349$12,401$25,750
All Other Expenses-$6,777$3,331$10,108
Fees for Service Investment Mgmnt Fees-$9,453-$9,453
Fees for Services Accounting-$9,400-$9,400
Advertising--$5,244$5,244
Other Expenses-$2,854$7,742$2,854
Payroll Taxes-$1,046$972$2,018
Office Expenses-$520-$520
Total Functional Expenses$333,460$43,399$53,712$430,571

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$430,571
Total Expenses per Audited Statements$430,571
Total Expenses per Form 990$430,571
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Luverne Community HospiceLuverne, MN3Hospice$112,080
Sanford HospitalLuverne, MN3Hospital$67,402
Rock County FoodshelfLuverne, MN3Local Foodshelp$40,000
Luverne Backpack ProgramLuverne, MN3Child Food Program$18,000
Blue Mounds Area TheaterLuverne, MN3Theater Update$14,800
Rock County AuditorLuverne, MNGov-$13,470
Luverne Social ServicesLuverne, MN3-$7,925
Luverne Public SchoolsLuverne, MNGovKindness/respect Ret$5,817
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
Charity Dinner/$83,163---
Annual Fundrais$18,545---
Total Events$112,147---
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

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

Signing Officer

Name
Barb Berghorst
Title
Treasurer
Phone
5072202424
Signed
2015-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Berghorst
Formed
1992
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
10

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

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

Raw XML AppendixShowing 400 of 510 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/PayrollTaxesGrp/TotalAmt02018
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0517645
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0301747
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0316648
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt050671
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt052557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt041545
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt027729
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IRS990ScheduleA/PublicSupportPY170Pct00.92490
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0316648
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02047370
IRS990ScheduleA/TotalSupportAmt02285749
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0190969
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0198354
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt011700
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0216554
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0210054
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt06500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01096
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0218995
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01260
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0216554
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt02894
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0289
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt02271
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0197723
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt039929
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0218995
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt035413
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019027
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IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt07385
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0190969
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0430571
IRS990ScheduleD/NetUnrealizedGainsInvstAmt042185
IRS990ScheduleD/RevenueNotReportedAmt042185
IRS990ScheduleD/RevenueSubtotalAmt0749522
IRS990ScheduleD/TotalExpensesPerForm990Amt0430571
IRS990ScheduleD/TotalRevenuePerForm990Amt0749522
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0791707
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt083163
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt018545
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt010439
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CHARITY DINNER/
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL FUNDRAIS
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt018545
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt010439
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0112147
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt014800
IRS990ScheduleI/RecipientTable/CashGrantAmt1112080
IRS990ScheduleI/RecipientTable/CashGrantAmt267402
IRS990ScheduleI/RecipientTable/CashGrantAmt318000
IRS990ScheduleI/RecipientTable/CashGrantAmt440000
IRS990ScheduleI/RecipientTable/CashGrantAmt55817
IRS990ScheduleI/RecipientTable/CashGrantAmt613470
IRS990ScheduleI/RecipientTable/CashGrantAmt77925
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
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IRS990ScheduleI/RecipientTable/IRCSectionDesc5GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc6GOV
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1HOSPICE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2HOSPITAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3CHILD FOOD PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4LOCAL FOODSHELP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5KINDNESS/RESPECT RET
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BLUE MOUNDS AREA THEATER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1LUVERNE COMMUNITY HOSPICE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2SANFORD HOSPITAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3LUVERNE BACKPACK PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4ROCK COUNTY FOODSHELF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5LUVERNE PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6ROCK COUNTY AUDITOR
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7LUVERNE SOCIAL SERVICES
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4LUVERNE
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LUVERNE
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IRS990ScheduleI/RecipientTable/USAddress/CityNm3LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/CityNm4LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/CityNm5LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/CityNm6LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/CityNm7LUVERNE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,104,840
Liabilities
$132,238
Net assets
$2,972,602
Revenue
$749,522
Expenses
$430,571
Net income
$318,951
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. 2014 filings • 501(c)3 • $1M-$5M nonprofits