Civic Intelligence

Believe Foundation

990 • Fiscal year 2019 • EIN 83-0545356

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 06, 2020

Organization ProfileWWW.THEBELIEVEFOUNDATION.ORG
1907 Wayzata Blvd No 180Wayzata, MN 55391

(612) 255-5182

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$169,210

Flat from 2019

Net Assets

Flat

$160,018

Flat from 2019

Liabilities

Flat

$9,192

Flat from 2019

Revenue And Expenses

Revenue

Flat

$282,408

Flat from 2019

Expenses

Flat

$127,390

Flat from 2019

Net Income

Flat

$155,018

Flat from 2019

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 2018: $5,000Liabilities 2018: $02018Assets 2019: $169,210Liabilities 2019: $9,192Net Assets 2019: $160,0182019Assets 2019: $169,210Liabilities 2019: $9,192Net Assets 2019: $160,0182019Assets 2020: $349,875Liabilities 2020: $0Net Assets 2020: $349,8752020Assets 2021: $432,247Liabilities 2021: $8,936Net Assets 2021: $423,3112021Assets 2022: $550,685Liabilities 2022: $11,969Net Assets 2022: $538,7162022Assets 2023: $857,311Liabilities 2023: $25,456Net Assets 2023: $831,8552023Assets 2024: $1,060,637Liabilities 2024: $7,015Net Assets 2024: $1,053,6222024

Highlighted filing

2019

Assets$169,210
Liabilities$9,192
Net Assets$160,018
Open 2019 Filing

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2018: $27,221Expenses 2018: $22,221Net Income 2018: $5,0002018Revenue 2019: $282,408Expenses 2019: $127,390Net Income 2019: $155,0182019Revenue 2019: $282,408Expenses 2019: $127,390Net Income 2019: $155,0182019Revenue 2020: $336,647Expenses 2020: $146,790Net Income 2020: $189,8572020Revenue 2021: $327,896Expenses 2021: $212,209Net Income 2021: $115,6872021Revenue 2022: $537,794Expenses 2022: $353,249Net Income 2022: $184,5452022Revenue 2023: $618,706Expenses 2023: $382,053Net Income 2023: $236,6532023Revenue 2024: $532,986Expenses 2024: $385,320Net Income 2024: $147,6662024

Highlighted filing

2019

Revenue$282,408
Expenses$127,390
Net Income$155,018
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 6, 2020
Return Version
2019v5.1
Gross Receipts
$282,408
Mission and Program Overview

Mission

The believe foundation helps grieving families in minnesota facing hardship after the death of their child by providing immediate and practical financial assistance and partnering with other organizations to offer ongoing emotional support and healing.

To support and help families begin the process of rebuilding after the death of their child.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,000$169,210▲ $164,210
Total Assets$5,000$169,210▲ $164,210
Liabilities
Grants Payable$0$9,192▲ $9,192
Total Liabilities$0$9,192▲ $9,192
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,000$160,018▲ $155,018
Total Net Assets Fund Balance$5,000$160,018▲ $155,018
Total Liabilities and Net Assets / Fund Balance$5,000$169,210▲ $164,210
Compensation and Service Providers

Board Members and Trustees

NameTitle
Clark GassenChair
Greg SouleDirector
John RossDirector
Kelly McdyreDirector
Kurt VickmanDirector
Michael HaagDirector
Angie HatcherExec Director/secretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$282,408
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$282,408
Change in Net Assets
$155,018
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$75,991
Other Expenses$51,399
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$75,991--$75,991
Advertising-$27,209-$27,209
Fees for Services Legal-$11,094-$11,094
Fees for Services Lobbying-$4,000-$4,000
Office Expenses-$2,351-$2,351
Fees for Services Accounting-$2,080-$2,080
Other Expenses$3,500$1,165-$1,165
Total Functional Expenses$79,491$47,899$0$127,390
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 8B

“The foundation does not have a committee that acts on behalf of the board of directors.”

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

“The form 990 is prepared by a professional accounting firm from information provided by believe foundation. The executive director then reviews the form 990 for accuracy. The form is then distributed to the board and any comments on the form are discussed prior to the filing of the form.”

Form 990, Part VI, Section C, Line 19

“The believe foundation's governing documents, conflict of interest policy, and financial statements are not made available to the public.”

Filing and Contact Details

Filer

Filer Name
Believe Foundation
EIN
83-0545356
Phone
6122555182
Address
1907 WAYZATA BLVD NO 180, WAYZATA, MN 55391

Signing Officer

Name
Clark Gassen
Title
President/director
Phone
6122555182
Signed
2020-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clark Gassen
Formed
2018
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Karen Gries
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990, Part IX

“All administrative costs of the foundation are covered by the founders. 100% of donations go directly to families in need.”

Raw XML Appendix332 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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BELIEVE FOUNDATION TRACKS ALL EXPEDITURES OF ASSISTANCE TO OTHERS AND THE DETAILS ARE REVIEWED BY THE BOARD OF DIRECTORS AT EACH BOARD MEETING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION DOES NOT HAVE A COMMITTEE THAT ACTS ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY A PROFESSIONAL ACCOUNTING FIRM FROM INFORMATION PROVIDED BY BELIEVE FOUNDATION. THE EXECUTIVE DIRECTOR THEN REVIEWS THE FORM 990 FOR ACCURACY. THE FORM IS THEN DISTRIBUTED TO THE BOARD AND ANY COMMENTS ON THE FORM ARE DISCUSSED PRIOR TO THE FILING OF THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BELIEVE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL ADMINISTRATIVE COSTS OF THE FOUNDATION ARE COVERED BY THE FOUNDERS. 100% OF DONATIONS GO DIRECTLY TO FAMILIES IN NEED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 SOUTH SIXTH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparationDt02020-04-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN GRIES
ReturnHeader/ReturnTs02020-05-12T16:06:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$169,210
Liabilities
$9,192
Net assets
$160,018
Revenue
$282,408
Expenses
$127,390
Net income
$155,018
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.06$0.01$1.05$0.53$0.39$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.86$0.03$0.83$0.62$0.38$0.24
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.54$0.54$0.35$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.43$0.01$0.42$0.33$0.21$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.34$0.15$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.17$0.01$0.16$0.28$0.13$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.17$0.01$0.16$0.28$0.13$0.16
2018Summary only. Only limited summary data is available for this year.$0.01$0.00$0.03$0.02$0.01