LUVERNE AREA COMMUNITY FOUNDATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- LUVERNE AREA COMMUNITY FOUNDATION (EIN 41-1512905)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202323199349305217
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T11:20:02-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 411987097 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEULEBROECK TAUBERT & CO PLLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 216 EAST MAIN ST | AddressLine1Txt |
| City | PIPESTONE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56164 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411512905 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUVERNE AREA COMMUNITY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LUVE | BusinessNameControlTxt |
| Phone | 5072202424 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 623 | AddressLine1Txt |
| City | LUVERNE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 561560623 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ISAAC DEBOER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5072832321 | PhoneNum |
| Signature | 2023-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ISAAC | PersonFirstNm |
| Person Last | DEBOER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATT TAUBERT | PreparerPersonNm |
| PTIN | P00901322 | PTIN |
| Phone | 5078254288 | PhoneNum |
| Preparation | 2023-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ISAAC DEBOER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 623 | AddressLine1Txt |
| City | LUVERNE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56156 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,676,160 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | LUVACF.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1992 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | LUVERNE AREA COMMUNITY FOUNDATION IS A PUBLICLY SUPPORTED COMMUNITY FOUNDATION THAT ATTRACTS, MANAGES, AND DISTRIBUTES CHARITABLE CONTRIBUTIONS AND GRANTS TO ITS PRIMARY SERVICE AREA, ROCK COUNTY, MINNESOTA, WHICH HAS A POPULATION OF APPROXIMATELY 10,000. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $2,451,892 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,876,162 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $285,683 | PYInvestmentIncomeAmt |
| CY Investment Income | $196,076 | CYInvestmentIncomeAmt |
| PY Other Revenue | $73,601 | PYOtherRevenueAmt |
| CY Other Revenue | $85,987 | CYOtherRevenueAmt |
| PY Total Revenue | $2,811,176 | PYTotalRevenueAmt |
| CY Total Revenue | $2,158,225 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,035,732 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,308,294 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $62,116 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $66,436 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $124,354 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,340,665 | PYOtherExpensesAmt |
| CY Other Expenses | $950,324 | CYOtherExpensesAmt |
| PY Total Expenses | $2,438,513 | PYTotalExpensesAmt |
| CY Total Expenses | $2,325,054 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $372,663 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$166,829 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,630,405 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,653,711 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $402,145 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $371,194 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $6,228,260 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $5,282,517 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | LUVERNE AREA COMMUNITY FOUNDATION IS A PUBLICLY SUPPORTED COMMUNITY FOUNDATION THAT ATTRACTS, MANAGES, AND DISTRIBUTES CHARITABLE CONTRIBUTIONS AND GRANTS TO ITS PRIMARY SERVICE AREA, ROCK COUNTY, MINNESOTA, WHICH HAS A POPULATION OF APPROXIMATELY 10,000. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $2,119,906 | ExpenseAmt |
| Grant | $1,308,294 | GrantAmt |
| Desc | LUVERNE AREA COMMUNITY FOUNDATION'S PRIMARY ACTIVITY IS GRANT MAKING AIMED AT IMPROVING THE QUALITY OF LIFE IN LACF'S SERVICE AREA. IN 2021 OF THE GRANTS MADE, MOST WERE COMPETITIVELY AWARDED TO ORGANIZATIONS THAT SOUGHT TO SERVICE AREAS PRESSING NEEDS AND OPPORTUNITIES. IN ALL MORE THAN 30 CHARITABLE ORGANIZATIONS RECEIVED SUPPORT FROM LACF AND INCLUDED THE ARTS AND HUMANITIES, COMMUNITY DEVELOPMENT, EDUCATION, HEALTH AND WELLNESS, HUMAN SERVICES, RELIGION AND YOUTH. SOME ORGANIZATIONS ARE ELIGIBLE FOR ANNUAL DISTRIBUTIONS FROM DESIGNATED/AGENCY ENDOWMENTS. | Desc |
| Total Program Service Expenses | $2,119,906 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 3 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EMILY CRABTREE | PersonNm |
| Phone | 5072202424 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1494 US HWY 75 | AddressLine1Txt |
| City | LUVERNE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56156 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| ISAAC DEBOER | ||||||
| PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| KEITH ELBERS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JEFF HAUBRICH | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RON HONKEN | ||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TAMMY JOHNSON | ||||||
| SECTY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JIM JUHL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GARY OVERGAARD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SHARLA REISCH | ||||||
| VICE PRESIDE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| WAYNE ROBINSON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| NANCY SANDAGER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOSH TEUNE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KEVIN THELEN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $1,876,162 | AllOtherContributionsAmt |
| Total Contributions | $1,876,162 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $168,722 | TotalRevenueColumnAmt |
| Exclusion | $168,722 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,545,289 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,517,935 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $27,354 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27,354 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $27,354 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SERVICE FEE | Desc |
| Total Revenue Column | $85,987 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $85,987 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $85,987 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,158,225 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $113,341 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $168,722 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,308,294 | TotalAmt |
| Program Services | $1,308,294 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,147 | TotalAmt |
| Management And General | $15,719 | ManagementAndGeneralAmt |
| Fundraising | $44,428 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,289 | TotalAmt |
| Management And General | $1,492 | ManagementAndGeneralAmt |
| Fundraising | $4,797 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,366 | TotalAmt |
| Program Services | $85,289 | ProgramServicesAmt |
| Management And General | $10,077 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,434 | TotalAmt |
| Program Services | $22,569 | ProgramServicesAmt |
| Fundraising | $10,865 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,028 | TotalAmt |
| Program Services | $1,267 | ProgramServicesAmt |
| Management And General | $15,761 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,185 | TotalAmt |
| Program Services | $187 | ProgramServicesAmt |
| Management And General | $7,332 | ManagementAndGeneralAmt |
| Fundraising | $3,666 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,643 | TotalAmt |
| Program Services | $3,643 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,863 | TotalAmt |
| Management And General | $2,196 | ManagementAndGeneralAmt |
| Fundraising | $667 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,674 | TotalAmt |
| Program Services | $2,334 | ProgramServicesAmt |
| Management And General | $2,561 | ManagementAndGeneralAmt |
| Fundraising | $779 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| PROGRAM SUPPLIES | $694,968 | $694,968 | ||
| FUNDRAISING | $45,198 | $45,198 | ||
| INVESTMENT FEES | $23,950 | $23,950 | ||
| RESOURCE DEVELOPMENT | $12,805 | $1,355 | $11,450 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,210 | TotalAmt |
| Management And General | $1,706 | ManagementAndGeneralAmt |
| Fundraising | $2,504 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,325,054 | TotalAmt |
| Program Services | $2,119,906 | ProgramServicesAmt |
| Management And General | $80,794 | ManagementAndGeneralAmt |
| Fundraising | $124,354 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $563,067 | BOYAmt |
| EOY | $500,666 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $463,854 | BOYAmt |
| EOY | $371,429 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,771 | BOYAmt |
| EOY | $3,002 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $22,886 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $22,605 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,144 | BOYAmt |
| EOY | $281 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,346,569 | BOYAmt |
| EOY | $4,528,333 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250,000 | BOYAmt |
| EOY | $250,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,630,405 | BOYAmt |
| EOY | $5,653,711 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,610 | BOYAmt |
| EOY | $10,016 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,184 | BOYAmt |
| EOY | $37,085 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $333,351 | BOYAmt |
| EOY | $324,093 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $402,145 | BOYAmt |
| EOY | $371,194 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,419,920 | BOYAmt |
| EOY | $3,741,267 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,808,340 | BOYAmt |
| EOY | $1,541,250 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,228,260 | BOYAmt |
| EOY | $5,282,517 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,630,405 | BOYAmt |
| EOY | $5,653,711 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$166,829 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$814,558 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $35,644 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $871,875 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,360,928 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,394,152 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,451,892 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,876,162 | CurrentTaxYearAmt |
| Total | $7,955,009 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $871,875 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,360,928 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,394,152 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,451,892 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,876,162 | CurrentTaxYearAmt |
| Total | $7,955,009 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $7,955,009 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $139,186 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $113,392 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $141,954 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $111,713 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $168,722 | CurrentTaxYearAmt |
| Total | $674,967 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,404 | CurrentTaxYearMinus4YearsAmt |
| Total | $20,404 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $8,650,380 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $310,387 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.91960 | PublicSupportCY170Pct |
| Public Support PY170 | 0.91390 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 10 | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME 20,404 | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Org Leg Ctrl | false | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | false | DisclosedForCharitablePrpsInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $767,348 | BeginningYearBalanceAmt |
| Contributions | $1,830 | ContributionsAmt |
| Investment Earnings Or Losses | -$73,655 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $43,013 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $7,675 | AdministrativeExpensesAmt |
| End Year Balance | $644,835 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $699,377 | BeginningYearBalanceAmt |
| Contributions | $50,323 | ContributionsAmt |
| Investment Earnings Or Losses | $66,975 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $41,599 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $7,727 | AdministrativeExpensesAmt |
| End Year Balance | $767,349 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $668,341 | BeginningYearBalanceAmt |
| Contributions | $20,543 | ContributionsAmt |
| Investment Earnings Or Losses | $52,672 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $32,904 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,752 | OtherExpendituresAmt |
| Administrative Expenses | $6,522 | AdministrativeExpensesAmt |
| End Year Balance | $699,378 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $345,864 | BeginningYearBalanceAmt |
| Contributions | $286,425 | ContributionsAmt |
| Investment Earnings Or Losses | $65,237 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $9,984 | GrantsOrScholarshipsAmt |
| Other Expenditures | $14,233 | OtherExpendituresAmt |
| Administrative Expenses | $4,968 | AdministrativeExpensesAmt |
| End Year Balance | $668,341 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $365,773 | BeginningYearBalanceAmt |
| Contributions | $10 | ContributionsAmt |
| Investment Earnings Or Losses | -$16,254 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $3,665 | AdministrativeExpensesAmt |
| End Year Balance | $345,864 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.15000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.85000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,886 | OtherCostOrOtherBasisAmt |
| Depreciation | $22,605 | DepreciationAmt |
| Book Value | $281 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $281 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FUNDS HELD FOR OTHERS | Desc |
| Amt | $324,093 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $324,093 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,355,361 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$814,558 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $35,644 | OtherRevenueAmt |
| Revenue Not Reported | -$778,914 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,134,275 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $23,950 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $23,950 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,158,225 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,301,104 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $2,301,104 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $23,950 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $23,950 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,325,054 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 2, PART V, LINE 4 | THE INTENDED USE OF THE ENDOWMENT FUNDS ARE TO PROVIDE LONG-TERM COMMUNITY RESOURCES. |
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | FUNDS ALLOCATED TO OTHERS 35,644 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (17 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| BIBLE STUDY FELLOWSHIP | ||||||||
| 19001 HUEBNER RD | SAN ANTONIO | TX | 782584040 | 941514010 | 3 | $20,000 | ||
| BIG BUDDIES-COUNTY OF ROCK | ||||||||
| 204 E BROWN ST | LUVERNE | MN | 56156 | 416005885 | 3 | $8,450 | CHILD MENTOR PROGRAM | |
| CHILD GUIDE PROGRAM-LUVERNE PUBLIC | ||||||||
| 709 N KNISS | LUVERNE | MN | 56156 | 411784004 | GOV | $30,694 | MENTOR ASSIST. PROGR | |
| FIRST PRESBYTERIAN CHURCH | ||||||||
| 302 CENTRAL LANE | LUVERNE | MN | 56156 | 237173054 | 3 | $12,250 | ||
| GENERATIONS INC | ||||||||
| 319 E LINCOLN ST | LUVERNE | MN | 56156 | 411381175 | 3 | $215,000 | ||
| LUV1LUVALL | ||||||||
| PO BOX 703 | LUVERNE | MN | 56156 | 831952074 | 3 | $47,130 | ||
| LUVERNE BACKPACK PROGRAM | ||||||||
| PO BOX 912 | LUVERNE | MN | 56156 | 272458093 | 3 | $20,791 | CHILD FOOD PROGRAM | |
| LUVERNE SCHOOL FOUNDATION | ||||||||
| 709 N KNISS AVE | LUVERNE | MN | 56156 | 411784004 | 3 | $98,360 | SUPPORT ISD 2184 NEE | |
| ROCK COUNTY AG | ||||||||
| 616 W WARREN | LUVERNE | MN | 56156 | 411273319 | 3 | $20,000 | SUPPORT ROCK CO FAIR | |
| ROCK COUNTY AUDITOR | ||||||||
| LUVERNE | LUVERNE | MN | 56156 | 416005885 | GOV | $8,000 | BIG BUDDIES ROCK YOU | |
| ROCK COUNTY FOODSHELF | ||||||||
| LUVERNE | LUVERNE | MN | 56156 | 811047461 | 3 | $32,000 | LOCAL FOODSHELP | |
| ROCK COUNTY OPPORTUNITY | ||||||||
| 807 W MAIN ST | LUVERNE | MN | 56156 | 410911814 | 3 | $9,715 | PO BOX 626 | |
| SANFORD HOSPICE | ||||||||
| 2710 W 12T ST | SIOUX FALLS | SD | 57104 | 460388596 | 3 | $192,941 | ||
| SANFORD LUVERNE | ||||||||
| 1600 N KNISS AVE | LUVERNE | MN | 56156 | 460388596 | 3 | $16,900 | ||
| CATHOLIC FOUNDATION | ||||||||
| 750TERRACE HEIGHTS | WINONA | MN | 55987 | 411691198 | 3 | $294,453 | ||
| LIFT | ||||||||
| 213 E LUVERNE ST | LUVERNE | MN | 56156 | 990381643 | 3 | $12,491 | ||
| LUVERNE AREA AQUATICS | ||||||||
| 305 E LUVERNE ST | LUVERNE | MN | 56156 | 410914354 | 3 | $6,000 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 15 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | REQUIRES A COMPLETION REPORT. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | LUVERNE AREA COMMUNITY FOUNDATION IS A PUBLICLY SUPPORTED COMMUNITY FOUNDATION THAT ATTRACTS, MANAGES, AND DISTRIBUTES CHARITABLE CONTRIBUTIONS AND GRANTS TO ITS PRIMARY SERVICE AREA, ROCK COUNTY, MINNESOTA, WHICH HAS A POPULATION OF APPROXIMATELY 10,000. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE BOARD REVIEWS THE FORM 990 AT ITS NEXT MEETING AFTER PREPARATION. |
| FORM 990, PAGE 6, PART VI, LINE 12C | REVIEWED AT BOARD MEETINGS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | ALL PERFORMANCE AND COMPENSATION TO BE PAID TO LACF'S EXECUTIVE DIRECTOR OR ANY OTHER EMPLOYEES ARE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE WHICH CONSISTS ONLY OF INDEPENDENT BOARD MEMBERS AND THEN A RECOMMENDATION IS MADE TO THE ENTIRE BOARD FOR APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 15B | ALL PERFORMANCE AND COMPENSATION TO BE PAID TO LACF'S EXECUTIVE DIRECTOR OR ANY OTHER EMPLOYEES ARE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE WHICH CONSISTS ONLY OF INDEPENDENT BOARD MEMBERS AND THEN A RECOMMENDATION IS MADE TO THE ENTIRE BOARD FOR APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 19 | LACF'S ORGANIZATION DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | FUNDS ALLOCATED TO OTHERS 35,644 |
Comments