Civic Intelligence

Heartview Foundation

990 • Fiscal year 2017 • EIN 45-0282159

Oct 01, 2016 to Sep 30, 2017 • Filed on May 09, 2018

101 E Broadway AvenueBismarck, ND 58501

(701) 222-0386

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.19x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

60th percentile

0.26x

Higher debt load relative to revenue than 60% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

55th percentile

4.4%

Higher net margin than 55% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$289,642

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

50th percentile

4.0%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

66th percentile

12%

Faster revenue growth than 66% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$7,649,083

Up $292,558 (+4.0%) from 2016

Net Assets

Up

$6,164,241

Up $371,044 (+6.4%) from 2016

Liabilities

Down

$1,484,842

Down $78,486 (-5.0%) from 2016

Revenue

Up

$5,728,344

Up $632,001 (+12%) from 2016

Expenses

Up

$5,477,434

Up $818,674 (+18%) from 2016

Net Income

Down

$250,910

Down $186,673 (-43%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $3,742,556Liabilities 2010: $563,415Net Assets 2010: $3,179,1412010Assets 2011: $4,154,318Liabilities 2011: $868,442Net Assets 2011: $3,285,8762011Assets 2012: $4,416,479Liabilities 2012: $851,124Net Assets 2012: $3,565,3552012Assets 2013: $4,495,733Liabilities 2013: $815,656Net Assets 2013: $3,680,0772013Assets 2014: $5,575,454Liabilities 2014: $796,001Net Assets 2014: $4,779,4532014Assets 2015: $6,769,723Liabilities 2015: $1,517,739Net Assets 2015: $5,251,9842015Assets 2016: $7,356,525Liabilities 2016: $1,563,328Net Assets 2016: $5,793,1972016Assets 2017: $7,649,083Liabilities 2017: $1,484,842Net Assets 2017: $6,164,2412017Assets 2018: $9,002,185Liabilities 2018: $2,609,805Net Assets 2018: $6,392,3802018Assets 2019: $10,029,904Liabilities 2019: $3,010,089Net Assets 2019: $7,019,8152019Assets 2020: $11,918,685Liabilities 2020: $4,900,010Net Assets 2020: $7,018,6752020Assets 2021: $12,339,927Liabilities 2021: $3,843,600Net Assets 2021: $8,496,3272021Assets 2022: $12,961,123Liabilities 2022: $3,729,028Net Assets 2022: $9,232,0952022Assets 2023: $18,154,258Liabilities 2023: $4,150,006Net Assets 2023: $14,004,2522023Assets 2024: $20,963,617Liabilities 2024: $4,215,364Net Assets 2024: $16,748,2532024

Highlighted filing

2017

Assets$7,649,083
Liabilities$1,484,842
Net Assets$6,164,241

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,833,9102010Expenses 2011: $2,057,9592011Expenses 2012: $2,502,0302012Revenue 2013: $2,636,953Expenses 2013: $2,651,672Net Income 2013: -$14,7192013Revenue 2014: $4,074,384Expenses 2014: $3,039,317Net Income 2014: $1,035,0672014Revenue 2015: $4,452,461Expenses 2015: $3,755,780Net Income 2015: $696,6812015Revenue 2016: $5,096,343Expenses 2016: $4,658,760Net Income 2016: $437,5832016Revenue 2017: $5,728,344Expenses 2017: $5,477,434Net Income 2017: $250,9102017Revenue 2018: $6,307,521Expenses 2018: $6,195,487Net Income 2018: $112,0342018Revenue 2019: $7,299,562Expenses 2019: $6,723,030Net Income 2019: $576,5322019Revenue 2020: $7,644,501Expenses 2020: $7,746,041Net Income 2020: -$101,5402020Revenue 2021: $9,242,919Expenses 2021: $8,163,142Net Income 2021: $1,079,7772021Revenue 2022: $10,576,696Expenses 2022: $8,822,588Net Income 2022: $1,754,1082022Revenue 2023: $16,312,554Expenses 2023: $11,781,507Net Income 2023: $4,531,0472023Revenue 2024: $16,938,374Expenses 2024: $15,027,008Net Income 2024: $1,911,3662024

Highlighted filing

2017

Revenue$5,728,344
Expenses$5,477,434
Net Income$250,910
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
May 9, 2018
Return Version
2016v3.0
Gross Receipts
$5,728,344
Mission and Program Overview

Mission

Heartview foundation is the provider of choice for quality chemical dependency treatment and education.

Provider of choice for quality chemical dependency treatment and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,060,977$2,923,812▼ $137,165
Investments in Publicly Traded Securities$2,359,142$2,416,673▲ $57,531
Accounts Receivable$1,351,542$1,725,765▲ $374,223
Savings and Temporary Cash Investments$291,600$276,135▼ $15,465
Pledges and Grants Receivable$219,117$265,619▲ $46,502
Prepaid Expenses and Deferred Charges$72,917$41,079▼ $31,838
Other Notes and Loans Receivable, Net$1,230--
Total Assets$7,356,525$7,649,083▲ $292,558
Liabilities
Mortgage Notes Payable Secured by Investment Property$849,946$840,494▼ $9,452
Accounts Payable and Accrued Expenses$338,760$336,984▼ $1,776
Tax Exempt Bond Liabilities$318,330$270,060▼ $48,270
Other Liabilities$56,292$37,304▼ $18,988
Total Liabilities$1,563,328$1,484,842▼ $78,486
Net Assets / Fund Balance
Unrestricted Net Assets$5,722,319$6,082,244▲ $359,925
Permanently Rstr Net Assets$70,000$75,000▲ $5,000
Temporarily Rstr Net Assets$878$6,997▲ $6,119
Total Net Assets Fund Balance$5,793,197$6,164,241▲ $371,044
Total Liabilities and Net Assets / Fund Balance$7,356,525$7,649,083▲ $292,558

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,228,595$593,232$2,821,827
Equipment$222,432$226,576$449,008
Land$349,583-$349,583
Other Land Buildings$123,202$108,643$231,845

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$70,878$5,000▲ $6,958-$81,997
2015$60,000$10,000▲ $878-$70,878
2014-$60,000--$60,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Melissa Henke MdMedical DirectorPT$279,042$10,600$289,642
Kurt SnyderExecutive DirectorFT$102,854$7,757$110,611
Ryan MesserChief Financial OfficerFT$70,984$20,157$91,141
Beth Stroup-mengeChief Operating OfficerFT$65,204$14,873$80,077

Board Members and Trustees

NameTitle
William MillerPresident
Benjamin BucherBoard Member
Don WrightBoard Member
Greg WestlindBoard Member
Joe HarrisBoard Member
Lisa MosserBoard Member
Rae Ann KelschBoard Member
William SchmidtBoard Member
Trevor TompkinsFormer Board Member
Lance SchreinerSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$283,753
Program Service Revenue
$5,246,721
Investment Income
$147,712
Other Revenue
$50,158
All Other Contributions
$20,793
Change in Net Assets
$250,910

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,728,344
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$120,134
Total Revenue per Audited Statements
$5,848,478
Total Revenue per Form 990
$5,728,344
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,982,785
Other Expenses$1,494,649
Total Fundraising Expense$17,184
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,207,859$584,144$14,401$2,806,404
Current Officers, Directors, Trustees, and Key Employees$297,150$199,028-$496,178
Other Employee Benefits$348,707$97,466$1,792$447,965
Payroll Taxes$177,349$53,898$991$232,238
Depreciation Depletion$176,271$37,121-$213,392
Office Expenses$116,140$45,990-$162,130
Fees for Services Other$117,561--$117,561
Occupancy$105,234--$105,234
Insurance$66,350--$66,350
Interest$49,790$12,296-$62,086
All Other Expenses$18,936$42,608-$61,544
Other Expenses$169,918$58,201-$58,201
Travel$47,029--$47,029
Fees for Services Accounting$12,375--$12,375
Fees for Services Legal$3,812--$3,812
Total Functional Expenses$4,329,498$1,130,752$17,184$5,477,434

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,477,434
Total Expenses per Audited Statements$5,477,434
Total Expenses per Form 990$5,477,434
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Giving Heart Day$18,467---
Total Events$18,467---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Crystal MesserWife of Officer (ryan Messer).WagesNo$70,587
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Obligation$37,304

Bond Issues

BondIssuerIssuedIssue PricePurpose
ABurleigh County North Dakota2006-07-27$500,000Acquisition of real property

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$500,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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, Part VI, Section A, Line 2

The vice-president of the board william miller and board member joe harris have a family relationship.

Form 990, Part VI, Section A, Line 2

Board member ben bucher and board member trevor tompkins have a business relationship.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committes with the authority to act on behalf of the governing body.

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

A copy of the 990 is reviewed by the board of directors, executive director and cfo prior to it being filed.

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

There have been no conflicts of interest that have risen. Any director having a conflict or potential conflict of personal or financial interest on a matter before the board, should not vote or use personal influence on the matter. The director is responsible for disclosing such conflict or potential conflicts. The minutes of the meeting shall reflect that a disclosure was made and that the director abstained from voting. This policy shall not be construed as preventing a director from briefly stating a position nor from answering pertinent questions.

Form 990, Part VI, Section B, Line 15

The board of directors conducts a review of the executive director and approves an annual pay increase based upon performance. The process for determining compensation for all other employees is as follows: the executive director approves all pay increases for employees based upon annual reviews within an amount approved by the board of directors.

Form 990, Part VI, Section C, Line 18

Documents are available upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Heartview Foundation
EIN
45-0282159
Phone
7012220386
Address
101 E BROADWAY AVENUE, BISMARCK, ND 58501

Signing Officer

Name
Kurt Snyder
Title
Executive Director
Phone
7012220386
Signed
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kurt Snyder
Formed
1964
Legal Domicile
Nd
Voting Board Members
10
Independent Board Members
10
Employees
93
Volunteers
5

Preparer

Firm
Brady Martz & Associates Pc
Address
PO BOX 1297, BISMARCK, ND 58502-1297
Preparer
Melinda Piatz
Phone
7012231717
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Heartview foundation started an opioid treatment program in march 2017.

FORM 990, PART XII, LINE 2C:

The organization did not change its oversight of the audit of the financial statements during the year. The cfo is in charge of oversight of the financial statements. The board of directors is in charge of selecting the idependent accountants. The board of directors meet with the auditor to review the audited financial statements.

Financial Statement Notes

PART V, LINE 4:

The intended use of the endowments funds is to use the earnings to assist with operational and program expenses for the organization.

PART X, LINE 2:

Heartview foundation is a north dakota nonprofit corporation and has been recognized by the internal revenue service as exempt from federal income taxes under internal revenue code section 501(c)(3). The foundation is required to file an annual return of organization exempt from income tax (form 990) with the irs. In addition, the foundation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. The foundation has determined it is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990t) with the irs. The foundation's policy is to evaluate the likelihood that its uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the internal revenue code and regulations, revenue rulings, court decisions and other evidence.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in fair value of interest rate swap 18,989.

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IRS990/ActivityOrMissionDesc0PROVIDER OF CHOICE FOR QUALITY CHEMICAL DEPENDENCY TREATMENT AND EDUCATION.
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0177349
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.0$4.22$16.7$16.9$15.0$1.91
2023Detailed filing. Detailed filing data is available for this year.$18.2$4.15$14.0$16.3$11.8$4.53
2022Detailed filing. Detailed filing data is available for this year.$13.0$3.73$9.23$10.6$8.82$1.75
2021Detailed filing. Detailed filing data is available for this year.$12.3$3.84$8.50$9.24$8.16$1.08
2020Detailed filing. Detailed filing data is available for this year.$11.9$4.90$7.02$7.64$7.75$0.10
2019Detailed filing. Detailed filing data is available for this year.$10.0$3.01$7.02$7.30$6.72$0.58
2018Detailed filing. Detailed filing data is available for this year.$9.00$2.61$6.39$6.31$6.20$0.11
2017Detailed filing. Detailed filing data is available for this year.$7.65$1.48$6.16$5.73$5.48$0.25
2016Detailed filing. Detailed filing data is available for this year.$7.36$1.56$5.79$5.10$4.66$0.44
2015Detailed filing. Detailed filing data is available for this year.$6.77$1.52$5.25$4.45$3.76$0.70
2014Detailed filing. Detailed filing data is available for this year.$5.58$0.80$4.78$4.07$3.04$1.04
2013Summary only. Only limited summary data is available for this year.$4.50$0.82$3.68$2.64$2.65$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.42$0.85$3.57$2.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$0.87$3.29$2.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$0.56$3.18$1.83