Civic Intelligence

Believe Foundation

990 • Fiscal year 2020 • EIN 83-0545356

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

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

(612) 255-5182

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

91st percentile

56%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

88th percentile

107%

Faster asset growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

19%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$349,875

Up $180,665 (+107%) from 2019

Net Assets

Up

$349,875

Up $189,857 (+119%) from 2019

Liabilities

Down

$0

Down $9,192 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin91st percentile

Revenue

Up

$336,647

Up $54,239 (+19%) from 2019

Expenses

Up

$146,790

Up $19,400 (+15%) from 2019

Net Income

Up

$189,857

Up $34,839 (+22%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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 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

2020

Assets$349,875
Liabilities$0
Net Assets$349,875
Open 2020 Filing

Operations Trend

Revenue Growth79th percentile

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 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

2020

Revenue$336,647
Expenses$146,790
Net Income$189,857
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.1
Gross Receipts
$336,647
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$169,210$349,875▲ $180,665
Rtn Earn Endowment Incm Other Fnds$160,018$349,875▲ $189,857
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$169,210$349,875▲ $180,665
Liabilities
Grants Payable$9,192$0▼ $9,192
Total Liabilities$9,192$0▼ $9,192
Net Assets / Fund Balance
Total Net Assets Fund Balance$160,018$349,875▲ $189,857
Total Liabilities and Net Assets / Fund Balance$169,210$349,875▲ $180,665
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$336,647
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$336,647
Change in Net Assets
$189,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$87,750
Other Expenses$59,040
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$87,750--$87,750
Fees for Services Lobbying-$22,832-$22,832
Advertising-$20,335-$20,335
Fees for Services Other$8,065--$8,065
Fees for Services Accounting-$2,470-$2,470
Insurance-$2,463-$2,463
Other Expenses-$2,243-$2,243
Office Expenses-$632-$632
Total Functional Expenses$95,815$50,975$0$146,790
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 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 B, Line 12C

“The conflict of interest policy covers any director, officer, employee or member of a committee with board delegated powers. Potential conflicts are reviewed at quarterly board meetings. The board of directors decides if conflicts of interest exist. All proceedings related to conflicts of interest are documented in the meeting minutes in detail.”

Form 990, Part VI, Section B, Line 15A

“Board will begin annual performance and compensation reviews and documenting this at the next board meeting, june 2021”

Form 990, Part VI, Section C, Line 19

“The believe foundation's governing documents, conflict of interest policy, and financial statements are available to the public upon request”

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
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clark Gassen
Formed
2018
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Heidi Tatro
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 Appendix374 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT AND HELP FAMILIES BEGIN THE PROCESS OF REBUILDING AFTER THE DEATH OF THEIR CHILD.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt020335
IRS990/AdvertisingGrp/TotalAmt020335
IRS990/AllOtherContributionsAmt0336647
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ANGIE HATCHER
IRS990/BooksInCareOfDetail/PhoneNum06125646930
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01907 WAYZATA BLVD NO 180
IRS990/BooksInCareOfDetail/USAddress/CityNm0WAYZATA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055391
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0169210
IRS990/CashNonInterestBearingGrp/EOYAmt0349875
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0336647
IRS990/CYGrantsAndSimilarPaidAmt087750
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt059040
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0189857
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0146790
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0336647
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE BELIEVE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO GRIEVING FAMILIES IN MINNESOTA FACING FINANCIAL HARDSHIP AFTER THE LOSS OF A CHILD AND PROVIDES ONGOING THERAPEUTIC SUPPORT TO PROMOTE HEALING.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt095815
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02470
IRS990/FeesForServicesAccountingGrp/TotalAmt02470
IRS990/FeesForServicesLobbyingGrp/ManagementAndGeneralAmt022832
IRS990/FeesForServicesLobbyingGrp/TotalAmt022832
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt08065
IRS990/FeesForServicesOtherGrp/TotalAmt08065
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0CLARK GASSEN
IRS990/Form990PartVIISectionAGrp/PersonNm1ASHOK DHARIWAL
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL HAAG
IRS990/Form990PartVIISectionAGrp/PersonNm3KELLY MCDYRE
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm5GREG SOULE
IRS990/Form990PartVIISectionAGrp/PersonNm6KURT VICKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7ANGIE HATCHER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXEC DIRECTOR/SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt087750
IRS990/GrantsPayableGrp/BOYAmt09192
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt087750
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt087750
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0336647
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02463
IRS990/InsuranceGrp/TotalAmt02463
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0160018
IRS990/NetAssetsOrFundBalancesEOYAmt0349875
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0632
IRS990/OfficeExpensesGrp/TotalAmt0632
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANKING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02243
IRS990/OtherExpensesGrp/TotalAmt02243
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CLARK GASSEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0282408
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt075991
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt051399
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0155018
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0127390
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0282408
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0189857
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0160018
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0349875
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0336647
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0282408
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt027221
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0646276
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0287597
IRS990ScheduleA/SubstantialContributorsTotAmt0358679
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0336647
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0282408
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt027221
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0646276
IRS990ScheduleA/TotalSupportAmt0646276
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
IRS990ScheduleC/DirectContactLegislatorsInd00
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesAmt022832
IRS990ScheduleC/OtherActivitiesInd01
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PoliticalExpendituresAmt00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/Section4955ManagersTaxAmt00
IRS990ScheduleC/Section4955OrganizationTaxAmt00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0A THIRD PARTY LOBBYIST WAS HIRED ON THE FOUNDATION'S BEHALF TO HELP PASS AND SUPPORT LEGISLATURE THAT ALIGNS WITH THE MISSION OF THE FOUNDATION.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt022832
IRS990ScheduleC/VolunteerHoursCnt00
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt087750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt047
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
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:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 CONFLICT OF INTEREST POLICY COVERS ANY DIRECTOR, OFFICER, EMPLOYEE OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS. POTENTIAL CONFLICTS ARE REVIEWED AT QUARTERLY BOARD MEETINGS. THE BOARD OF DIRECTORS DECIDES IF CONFLICTS OF INTEREST EXIST. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES IN DETAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD WILL BEGIN ANNUAL PERFORMANCE AND COMPENSATION REVIEWS AND DOCUMENTING THIS AT THE NEXT BOARD MEETING, JUNE 2021
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BELIEVE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0169210
IRS990/TotalAssetsEOYAmt0349875
IRS990/TotalAssetsGrp/BOYAmt0169210
IRS990/TotalAssetsGrp/EOYAmt0349875
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0336647
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050975
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt095815
IRS990/TotalFunctionalExpensesGrp/TotalAmt0146790
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09192
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt09192
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0160018
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0349875
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt095815
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0336647
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0169210
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0349875
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01907 WAYZATA BLVD NO 180
IRS990/USAddress/CityNm0WAYZATA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055391
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.THEBELIEVEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CLARK GASSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06122555182
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BELIEVE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BELI
ReturnHeader/Filer/EIN0830545356
ReturnHeader/Filer/PhoneNum06122555182
ReturnHeader/Filer/USAddress/AddressLine1Txt01907 WAYZATA BLVD NO 180
ReturnHeader/Filer/USAddress/CityNm0WAYZATA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055391
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 S 6TH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEIDI TATRO
ReturnHeader/ReturnTs02021-05-17T10:12:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CLARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GASSEN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$349,875
Liabilities
$0
Net assets
$349,875
Revenue
$336,647
Expenses
$146,790
Net income
$189,857
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
2018Summary only. Only limited summary data is available for this year.$0.01$0.00$0.03$0.02$0.01