Civic Intelligence

Believe Foundation

990 • Fiscal year 2025 • EIN 83-0545356

Jan 01, 2025 to Dec 31, 2025

Organization ProfileWWW.THEBELIEVEFOUNDATION.ORG
415 Lake Street EastWayzata, MN 55391

(612) 564-6930

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

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

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

63rd percentile

0.00x

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

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

1st percentile

-1950%

Higher net margin than 1% of similar nonprofits.

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2025 filings • 501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

3rd percentile

-99%

Faster asset growth than 3% of similar nonprofits.

2025 filings • 501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

3rd percentile

-90%

Faster revenue growth than 3% of similar nonprofits.

2025 filings • 501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$10,819

Down $1,049,818 (-99%) from 2024

Net Assets

Down

$10,819

Down $1,042,803 (-99%) from 2024

Liabilities

Down

$0

Down $7,015 (-100%) from 2024

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin1st percentile

Revenue

Down

$54,970

Down $478,016 (-90%) from 2024

Expenses

Up

$1,127,141

Up $741,821 (+193%) from 2024

Net Income

Down

-$1,072,171

Down $1,219,837 (-826%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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: $1,053,6222024Assets 2025: $10,819Liabilities 2025: $0Net Assets 2025: $10,8192025

Highlighted filing

2025

Assets$10,819
Liabilities$0
Net Assets$10,819
Open 2025 Filing

Operations Trend

Revenue Growth3rd percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 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: $147,6662024Revenue 2025: $54,970Expenses 2025: $1,127,141Net Income 2025: -$1,072,1712025

Highlighted filing

2025

Revenue$54,970
Expenses$1,127,141
Net Income-$1,072,171
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 26, 2026
Return Version
2025v4.0
Gross Receipts
$54,970
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.

The believe foundation provides financial support and ongoing grief support resources to grieving families in mn facing hardship after the death of their child.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$648,661--
Investments in Publicly Traded Securities$385,235--
Land, Buildings, and Equipment, Net$15,800--
Cash and Non-Interest-Bearing Accounts$10,941$10,819▼ $122
Rtn Earn Endowment Incm Other Fnds$1,053,622$10,819▼ $1,042,803
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,060,637$10,819▼ $1,049,818
Liabilities
Accounts Payable and Accrued Expenses$7,015--
Total Liabilities$7,015$0▼ $7,015
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,053,622$10,819▼ $1,042,803
Total Liabilities and Net Assets / Fund Balance$1,060,637$10,819▼ $1,049,818
Compensation and Service Providers
Top Officer Pay82nd percentile

Board Members and Trustees

NameTitle
Clark GassenPresident/chair
Revenue and Support

Revenue Composition

Contributions and Grants
$46,881
Program Service Revenue
$0
Investment Income
$8,089
Other Revenue
$0
All Other Contributions
$46,881
Change in Net Assets
$-1,072,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,115,559
Other Expenses$9,932
Salaries, Compensation, and Employee Benefits$1,650
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,015,654--$1,015,654
Grants to Domestic Individuals$99,905--$99,905
Advertising-$2,799-$2,799
Fees for Services Legal-$2,500-$2,500
Fees for Services Accounting-$1,850-$1,850
Other Salaries and Wages-$1,533-$1,533
Office Expenses-$1,330-$1,330
Information Technology-$1,143-$1,143
Payroll Taxes-$117-$117
Other Expenses-$65-$65
Total Functional Expenses$1,115,559$11,582$0$1,127,141
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Child Loss FoundationGolden Valley, MN501(c)(3)Assets Distributed to Child Loss Foundation$999,853
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
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 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 form is distributed to the board and and approved before filing with the irs.”

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. If a conflict exists, the person is not allowed to vote on the issue. All proceedings related to conflicts of interest are documented in the meeting minutes in detail.”

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
6125646930
Address
415 LAKE STREET EAST, WAYZATA, MN 55391

Signing Officer

Name
Clark Gassen
Title
President/founder
Phone
6125646930
Signed
2026-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clark Gassen
Formed
2018
Legal Domicile
Mn
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Ann Neil
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The believe foundation significantly wound its operations down during the year and transferred most of its assets and gifting to the child loss foundation. We would like to keep this foundation open for miscellaneous small scale gifting, but for the most part, we have ceased operations.”

Raw XML Appendix358 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/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt1CHILD LOSS FOUNDATION
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: ANGIE HATCHER AND KELLY MCDYRE
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: KELLY IS THE CEO OF CHILD LOSS FOUNDATION AND ANGIE IS NOW AN EMPLOYEE OF CHILD LOSS FOUNDATION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BELIEVE FOUNDATION SIGNIFICANTLY WOUND ITS OPERATIONS DOWN DURING THE YEAR AND TRANSFERRED MOST OF ITS ASSETS AND GIFTING TO THE CHILD LOSS FOUNDATION. WE WOULD LIKE TO KEEP THIS FOUNDATION OPEN FOR MISCELLANEOUS SMALL SCALE GIFTING, BUT FOR THE MOST PART, WE HAVE CEASED OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION DOES NOT HAVE A COMMITTEE THAT ACTS ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY A PROFESSIONAL ACCOUNTING FIRM FROM INFORMATION PROVIDED BY BELIEVE FOUNDATION. THE FORM IS DISTRIBUTED TO THE BOARD AND AND APPROVED BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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. IF A CONFLICT EXISTS, THE PERSON IS NOT ALLOWED TO VOTE ON THE ISSUE. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES IN DETAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BELIEVE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt010819
IRS990/TotalAssetsGrp/BOYAmt01060637
IRS990/TotalAssetsGrp/EOYAmt010819
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt046881
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011582
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01115559
IRS990/TotalFunctionalExpensesGrp/TotalAmt01127141
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07015
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt07015
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01053622
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010819
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01115559
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt08089
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt054970
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01060637
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010819
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0415 LAKE STREET EAST
IRS990/USAddress/CityNm0WAYZATA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055391
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.THEBELIEVEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CLARK GASSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/FOUNDER
ReturnHeader/BusinessOfficerGrp/PhoneNum06125646930
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BELIEVE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BELI
ReturnHeader/Filer/EIN0830545356
ReturnHeader/Filer/PhoneNum06125646930
ReturnHeader/Filer/USAddress/AddressLine1Txt0415 LAKE STREET EAST
ReturnHeader/Filer/USAddress/CityNm0WAYZATA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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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/PreparationDt02026-03-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN NEIL
ReturnHeader/ReturnTs02026-03-30T12:25:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,819
Liabilities
$0
Net assets
$10,819
Revenue
$54,970
Expenses
$1,127,141
Net income
-$1,072,171
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.05$1.13$1.07
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