2011-08-12T13:53:02-05:00 2010-12-31 EIDE BAILLY LLP 4310 17TH AVE S PO BOX 2545 FARGO ND 581082545 990 2010-01-01 456013464 Children's Village Foundation CHIL 7014514900 PO Box 9859 Fargo ND 581069859 Gary Wolsky 7014514900 2011-08-01 1 LISA CHAFFEE CPA 7012398500 2011-08-01 2010 2016-02-24 21:20:13Z Gary Wolsky PO Box 9859 Fargo ND 581069859 2205357 0 X www.thevillagefamily.org X 1957 ND The Children's Village Foundation exists to provide permanent support for the activities and programs of the Village Family Service Center. 10 10 0 10 0 0 1752 101810 0 0 -81738 118284 6207 2781 -73779 222875 348742 414054 0 0 0 0 0 0 0 52215 54665 400957 468719 -474736 -245844 5663368 5718018 659223 750095 5004145 4967923 The Children's Village Foundation exists to provide permanent support for the activities and programs of The Village Family Service Center. 0 0 432753 414054 The Children's Village Foundation exists to provide permanent support for the activities and programs of The Village Family Service Center. 432753 1 1 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 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 X Earl Strinden 2.00 X X 0 0 0 John MacFarlane 2.00 X X 0 0 0 Richard Hanson 2.00 X 0 0 0 Matt Leiseth 2.00 X 0 0 0 Lyman Edds 2.00 X 0 0 0 Matthew Hallaway 2.00 X 0 0 0 Roger Reierson 2.00 X 0 0 0 Gregg Hammes 2.00 X 0 0 0 Dave Kerssen 2.00 X 0 0 0 Richard Warner 2.00 X 0 0 0 Stewart Hovde 2.00 X 0 69380 15816 Gary Wolsky 2.00 X 0 132702 19744 0 202082 35560 0 0 1 0 0 101810 101810 120995 120995 2781 2781 1979771 1982482 -2711 -2711 -2711 222875 0 0 121065 414054 414054 5885 5885 30081 30081 18634 18634 Dues 65 65 468719 432753 35966 0 225348 182437 2200 2200 4623222 4416263 812598 1117118 5663368 5718018 659223 750095 659223 750095 X 4739111 4661638 265034 306285 5004145 4967923 5663368 5718018 X -245844 209622 X 0 1 1 X 0 X X X 0 0 0 Village Family Service Center 450226423 7 1 1 1 414054 1 414054 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Accrued Interest & Dividends Receivable 17007 Related Party Receivable 1100111 1117118 Annuities Payable 100336 Due to Village Family Service Center 323209 Liability Under Life Income Agreements 326550 750095 222875 468719 -245844 299632 -90010 209622 -36222 522507 299632 299632 222875 0 222875 558729 90010 90010 468719 0 468719 Description of Uncertain Tax Positions Under FIN 48: Part X: The Foundation has adopted the provisions of Accounting for Uncertainty in Income Taxes, on January 1, 2009. The implementation of this standard had no impact on the financial statements. As of both the date of adoption, and as of December 31, 2010, the unrecognized tax benefit accrual was zero. The Foundation will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The Foundation is no longer subject to Federal tax examinations by tax authorities for years before 2007 and state examinations for years before 2007. Part XI, Line 8 - Other Adjustments: Change in Value of Split Interest Agreements -90,010. Part XIII, Line 2d - Other Adjustments: Change in Value of Split Interest Agreements 90,010. 1 Village Family Service Center 1201 25th St So Fargo ND 58103 450226423 501(c)(3) 414054 Support Programs 1 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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. 0 0 0 0 0 0 0 0 0 Gary Wolsky 0 131007 0 0 0 1695 0 0 0 21062 0 153764 0 0 Supplemental Information Part III Compensation is set by a related organization, Village Family Service Center. Approval by the board or compensation committee is required to establish compensation. 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 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. Average Hours per Week Form 990; Part VII; Section A Secretary/Treasurer/CFO Stewart Hovde and President/CEO Gary Wolsky also serve and dedicate an average of 40 hours per week as the Secretary/Treasurer/CFO and President/CEO of The Village Family Service Center a related organization. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 299,632. Change in Value of Split Interest Agreements -90,010. Total to Form 990, Part XI, Line 5: 209,622. The Village Family Service Center PO Box 9859 Fargo ND 58106 450226423 Human Services ND 501(c)(3) 7 N/A 0 0 1 0 1 1 0 0 0 0 0 0 1 1 0 1 0 1 0