Civic Intelligence

Sheyenne Valley Community Foundation

990 • Fiscal year 2023 • EIN 46-4371645

Jul 01, 2022 to Jun 30, 2023 • Filed on May 17, 2024

250 West Main StreetValley City, ND 58072

(701) 490-3889

Siviq Scores

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

Liabilities / Assets

97th percentile

0.43x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • NTEE T • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

3.88x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • NTEE T • $1M-$5M nonprofits • Source year 2023

Net Margin

26th percentile

-74%

Higher net margin than 26% of similar nonprofits.

2023 filings • NTEE T • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

92nd percentile

$65,484

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 57.8% of source-year revenue.

2023 filings • NTEE T • $1M-$5M nonprofits • Source year 2023

Asset Growth

34th percentile

-3.4%

Faster asset growth than 34% of similar nonprofits.

2023 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-62%

Faster revenue growth than 15% of similar nonprofits.

2023 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,020,413

Down $35,830 (-3.4%) from 2022

Net Assets

Down

$580,996

Down $59,894 (-9.3%) from 2022

Liabilities

Up

$439,417

Up $24,064 (+5.8%) from 2022

Revenue

Down

$113,326

Down $186,612 (-62%) from 2022

Expenses

Down

$197,551

Down $115 (-0.1%) from 2022

Net Income

Down

-$84,225

Down $186,497 (-182%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $559Liabilities 2014: $02014Assets 2015: $1,335,898Liabilities 2015: $1,269,305Net Assets 2015: $66,5932015Assets 2016: $931,879Liabilities 2016: $845,655Net Assets 2016: $86,2242016Assets 2017: $1,012,734Liabilities 2017: $776,090Net Assets 2017: $236,6442017Assets 2018: $1,051,515Liabilities 2018: $765,178Net Assets 2018: $286,3372018Assets 2019: $1,181,750Liabilities 2019: $771,962Net Assets 2019: $409,7882019Assets 2020: $1,116,383Liabilities 2020: $675,500Net Assets 2020: $440,8832020Assets 2021: $1,298,023Liabilities 2021: $631,748Net Assets 2021: $666,2752021Assets 2022: $1,056,243Liabilities 2022: $415,353Net Assets 2022: $640,8902022Assets 2023: $1,020,413Liabilities 2023: $439,417Net Assets 2023: $580,9962023Assets 2024: $1,024,090Liabilities 2024: $375,001Net Assets 2024: $649,0892024Assets 2025: $1,178,363Liabilities 2025: $416,801Net Assets 2025: $761,5622025

Highlighted filing

2023

Assets$1,020,413
Liabilities$439,417
Net Assets$580,996

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $5,000Expenses 2014: $4,441Net Income 2014: $5592014Revenue 2015: $2,168,182Expenses 2015: $2,102,148Net Income 2015: $66,0342015Revenue 2016: $171,730Expenses 2016: $152,099Net Income 2016: $19,6312016Revenue 2017: $306,934Expenses 2017: $159,422Net Income 2017: $147,5122017Revenue 2018: $223,125Expenses 2018: $168,568Net Income 2018: $54,5572018Revenue 2019: $272,655Expenses 2019: $151,780Net Income 2019: $120,8752019Revenue 2020: $181,496Expenses 2020: $167,578Net Income 2020: $13,9182020Revenue 2021: $281,506Expenses 2021: $144,557Net Income 2021: $136,9492021Revenue 2022: $299,938Expenses 2022: $197,666Net Income 2022: $102,2722022Revenue 2023: $113,326Expenses 2023: $197,551Net Income 2023: -$84,2252023Revenue 2024: $217,355Expenses 2024: $196,691Net Income 2024: $20,6642024Revenue 2025: $162,393Expenses 2025: $88,263Net Income 2025: $74,1302025

Highlighted filing

2023

Revenue$113,326
Expenses$197,551
Net Income-$84,225
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 17, 2024
Return Version
2022v5.0
Gross Receipts
$113,326
Mission and Program Overview

Mission

Organized and operated to receive, manage and distribute gifts made to the Foundation for charitable, religious, educational, scientific or literary purposes within Barnes, Ransom and Griggs Counties of North Dakota.

Organized and operated to receive, manage and distribute gifts made to the Foundation for charitable, religious, educational, litorary or scientific purposes within Barnes, Ransom and Griggs Counties of North Dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$737,655$791,098▲ $53,443
Cash and Non-Interest-Bearing Accounts$220,733$167,814▼ $52,919
Pledges and Grants Receivable$97,855$61,501▼ $36,354
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,056,243$1,020,413▼ $35,830
Liabilities
Other Liabilities$413,232$437,943▲ $24,711
Accounts Payable and Accrued Expenses$2,121$1,474▼ $647
Total Liabilities$415,353$439,417▲ $24,064
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$640,890$580,996▼ $59,894
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$640,890$580,996▼ $59,894
Total Liabilities and Net Assets / Fund Balance$1,056,243$1,020,413▼ $35,830

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,081$1,081

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$884,080$29,307▲ $103,237$-186,553$791,098
2022$577,363$168,785▲ $83,272-$884,080
2021$399,325$134,834▲ $107,961-$577,363
2020$393,193$68,785▲ $29,492-$399,325
2019$266,812$162,409▲ $20,549-$393,193
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrea NelsonExecutive DirectorFT$65,484$65,484

Board Members and Trustees

NameTitle
Josh LageinPresident
Loni TrappVice President
Bryan WollaDirector
Erik GilbertsonDirector
Erin KlingenbergDirector
Tim EggertDirector
Tyler Van BruggenDirector
Tyler MarthalerFinance Committee
David BeierleSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$97,632
Program Service Revenue
$0
Investment Income
$15,694
Other Revenue
$0
All Other Contributions
$97,632
Change in Net Assets
$-84,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$78,960
Grants and Similar Amounts Paid$59,644
Other Expenses$58,947
Total Fundraising Expense$39,480
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$17,935$17,935$35,869$71,739
Grants to Domestic Orgs$59,644--$59,644
Fees for Services Accounting-$33,575-$33,575
Fees for Service Investment Mgmnt Fees-$11,846-$11,846
Payroll Taxes$1,805$1,805$3,611$7,221
Advertising-$6,748-$6,748
Other Expenses$270$237-$507
Office Expenses-$414-$414
Conferences and Meetings-$341-$341
Fees for Services Legal-$5-$5
Total Functional Expenses$79,654$78,417$39,480$197,551
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Valley City Park and RecreationValley City, ND501c(3)Provide funds to Valley City Parks & Recreation for Valley City Parks & Recreation to carry out their mission.$10,263
Dare to Create FoundationValley City, ND501c(3)Welness for All - to provide funds to Dare to Create Foundation for Dare to Create foundation to carry out their mission.$7,950
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
Due to Valley City Park Board$146,030
Trust for Education Foundation$135,081
Trust for BCN Foundation$66,786
Trust For BC Historical Society$48,923
Trust for HL Booster$35,041
Trust for BAC$6,082
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
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 B, line 11B

A copy of the Form 990 is available for the Board of Directors for review before it is filed with the IRS.

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

Directors and officers annually disclose conflict of interests at the Board of Directors annual meeting.

Form 990, Part VI, Section C, line 19

Form 990, governing documents and conflict of interest policy available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Sheyenne Valley Community Foundation
EIN
46-4371645
Phone
7014903889
Address
250 West Main Street, Valley City, ND 58072

Signing Officer

Name
Josh Lagein
Title
President
Phone
7014903889
Signed
2024-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Lagein
Formed
2013
Legal Domicile
Nd
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
9

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Steve Anseth
Phone
9528359090
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0244858
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0980215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015694
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt044385
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020711
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012980
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018384
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0112154
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65230
IRS990ScheduleA/PublicSupportPY170Pct00.66280
IRS990ScheduleA/PublicSupportTotal170Amt0712603
IRS990ScheduleA/SubstantialContributorsTotAmt0267612
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt097632
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0255553
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0224042
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0158130
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0244858
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0980215
IRS990ScheduleA/TotalSupportAmt01092369
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0-4468
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0884080
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt029307
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0791098
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-34505
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0103237
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0-186553
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt012735
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0577363
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0168785
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0884080
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt067395
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt083272
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt018614
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0399325
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0134834
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0577363
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt046140
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0107961
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt015275
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0393193
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt068785
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0399325
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt076870
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt029492
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt07394
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0266812
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0162409
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0393193
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt049183
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020549
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd01
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01081
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01081
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt066786
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16082
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt235041
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3135081
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt448923
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5146030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Trust for BCN Foundation
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Trust for BAC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Trust for HL Booster
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Trust for Education Foundation
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Trust For BC Historical Society
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5Due to Valley City Park Board
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.63160
IRS990ScheduleD/RelatedOrgListSchRInd00
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.36840
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0437943
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt07950
IRS990ScheduleI/RecipientTable/CashGrantAmt110263
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Welness for All - to provide funds to Dare to Create Foundation for Dare to Create foundation to carry out their mission.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Provide funds to Valley City Parks & Recreation for Valley City Parks & Recreation to carry out their mission.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Dare to Create Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Valley City Park and Recreation
IRS990ScheduleI/RecipientTable/RecipientEIN0851426640
IRS990ScheduleI/RecipientTable/RecipientEIN1450375502
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0316 Central Ave North
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1733 8th Ave SW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Valley City
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Valley City
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1ND
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd058072
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd158072
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the Form 990 is available for the Board of Directors for review before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Directors and officers annually disclose conflict of interests at the Board of Directors annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990, governing documents and conflict of interest policy available to the public upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01056243
IRS990/TotalAssetsEOYAmt01020413
IRS990/TotalAssetsGrp/BOYAmt01056243
IRS990/TotalAssetsGrp/EOYAmt01020413
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt097632
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt039480
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078417
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt079654
IRS990/TotalFunctionalExpensesGrp/TotalAmt0197551
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0415353

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