2016-09-13T08:21:50-05:00 2015-12-31 450250958 EIDE BAILLY LLP 4310 17TH AVE S PO BOX 2545 FARGO ND 581082545 990 2015-01-01 456013464 Children's Village Family Service Foundation CHIL 7014514900 PO Box 9859 Fargo ND 581069859 Gary Wolsky President/CEO 7014514900 2016-08-31 1 LISA CHAFFEE CPA P00193453 7012398500 2016-08-31 2015 2017-02-10 21:41:12Z Gary Wolsky PO Box 9859 Fargo ND 581069859 1521142 0 X www.thevillagefamily.org X 1957 ND To provide permanent support for the activities and programs of the Village Family Service Center. 9 9 0 9 10119 0 193114 565352 0 0 290496 295068 -14664 13157 468946 873577 881034 1007328 0 0 0 0 0 0 0 25574 24842 906608 1032170 -437662 -158593 4196418 3918073 584252 550301 3612166 3367772 The Children's Village Family Service Foundation exists to provide permanent support for the activities and programs of The Village Family Service Center. 0 0 1011499 1007328 0 The Children's Village Foundation exists to provide permanent support for the activities and programs of The Village Family Service Center. 1011499 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 11 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 9 9 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MN X Stewart Hovde 7014514870 PO Box 9859 Fargo ND 58106 Earl Strinden Chairperson 2.00 0.00 X X 0 0 0 Greg Hammes Vice Chairperson 2.00 0.00 X X 0 0 0 Carrie Bjorge Board Member 2.00 2.00 X 0 0 0 Richard Hanson Board Member 2.00 2.00 X 0 0 0 Al Erickson Board Member 2.00 2.00 X 0 0 0 Roger Reierson Board Member 2.00 0.00 X 0 0 0 Matt Leiseth Board Member 2.00 0.00 X 0 0 0 Dan Burling Board Member 2.00 0.00 X 0 0 0 Becky Walen Board Member 2.00 2.00 X 0 0 0 Matthew Hallaway Board Member (thru 4/2015) 2.00 2.00 X 0 0 0 Gary Wolsky President/CEO 2.00 40.00 X 0 152568 26150 Stewart Hovde Secretary/Treasurer 2.00 40.00 X 0 83655 22605 0 236223 48755 0 0 1 0 0 565352 95225 565352 208326 208326 830 830 12327 0 12327 12327 10119 2208 734307 647565 86742 86742 86742 873577 0 10119 298106 1007328 1007328 7350 7350 13321 13321 4125 4125 Dues 46 46 1032170 1011499 20671 0 113799 85954 32750 0 2200 2200 1522105 1415500 1035652 1272387 1489912 1142032 4196418 3918073 584252 550301 584252 550301 X 3017263 2220397 439356 931478 155547 215897 3612166 3367772 4196418 3918073 X -158593 -89794 3993 X 0 1 X 1 0 X X X 1 Village Family Service Center 450226423 7 1 1007328 0 1 1007328 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Part IV, Section C, Line 1: The board of the Children's Village Foundation consists of nine members. Of those nine members a total of 4 members also serve on the board of the Village Family Service Center. In addition to the board overlap the CEO and the Secretary/Treasurer of the Children's Village Foundation also serve as the CEO and the CFO of the Village Family Service Center. Other key individuals from the Village Family Service Center also regularly attend board meetings. The Children's Village Foundation has quarterly board meetings which include an update on the Village Family Service Center and presentation of the financial statements by the CFO. The Village Family Service Center has monthly board meetings which include an update on the status of the Children's Village Foundation which includes discussion on the performance of the investments held by the Children's Village Foundation, this information is presented by the CEO. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 155547 60350 7030 7030 215897 100266 55281 10261 10261 155547 50107 50159 7827 7827 100266 1.00000 0 0 0 Real Estate Investments 1247167 C Mineral Rights 25220 C 1272387 Accrued Interest & Dividends Receivable 17032 Related Party Receivable 1125000 1142032 Annuities Payable 33491 Due to Village Family Service Center 516810 550301 X 787776 -89794 16320 -73474 861250 12327 12327 873577 1032169 0 1032169 0 1032169 Part V, Line 4: The Foundation's endowment consists of approximately 11 individual funds established by donors to provide annual funding for specific activities and general operations. Part X, Line 2: The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The Foundation has determined it is subject to unrelated business income tax and has filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Pines Townhomes, LLLP Distributions 16,320. Part XI, Line 4b - Other Adjustments: Pines Townhomes, LLLP Revenue 12,327. 1 Village Family Service Center 1201 25th St So Fargo ND 58103 450226423 501(c)(3) 1007328 Support Programs 1 0 Part I, Line 2: The Organization monitors the use of funds through members of the Board of Directors that also serve on the Board of Directors of the Village Family Service Center. Additionally the CEO and Secretary/Treasurer of the Childrens Village Family Service Foundation serve as the CEO and CFO of the Village Family Service Center. 0 0 0 0 0 0 0 0 0 Gary Wolsky President/CEO 0 149907 0 0 0 2661 0 0 0 28259 0 180827 0 0 Form 990, Schedule J, Part I, Line 3: Compensation is set by the Village Family Service Center, a related organization. Approval by the board or compensation committee of the Village Family Service Center is required to establish compensation. X 3 95225 FMV 0 0 1 0 Form 990, Part VI, Section A, line 2 Stewart Hovde and Gary Wolsky each have a business relationship with each other, and the following individuals: Carrie Bjorge, Richard Hanson, Matthew Hallaway, Al Erickson, and Becky Walen. Form 990, Part VI, Section A, line 3 The CEO and Secretary/Treasurer of the Children's Village Family Service Foundation are employees of the Village Family Service Center, a related organization. Their compensation from the Village Family Service Center is reported in Part VII of the Form 990. Form 990, Part VI, Section A, line 8b There are no committees with the authority to act on behalf of the Board. Form 990, Part VI, Section B, line 11 The CFO, CEO, and staff accountant of the Village Family Service Center, a related organization, will review the Form 990 prior to it being distributed to the board members prior to it being filed. Form 990, Part VI, Section B, line 12c Individuals with a conflict, or potential conflict, will make this known to the appropriate Foundation individual at the earliest possible date. Board member conflicts are to be reported to the Chairperson of the Board of Directors of the Children's Village Family Service Foundation. Board members are asked to abstain from voting on any issues in which they have a conflict. Form 990, Part VI, Section C, line 19 These documents are available upon request. Form 990, Part XI, line 9: Distribution from Pines Townhomes, LLLP 16,320. K-1 earning of Pines Townhomes, LLLP -12,327. Village Family Service Center PO Box 9859 Fargo ND 58106 450226423 Human Services ND 501(c)(3) Line 7 N/A 0 0 1 0 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 0