Skip to content
Nonprofiteer
← LUVERNE AREA COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by LUVERNE AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$2,861,432
Total expenses
$2,310,796
Contributions and grants received
$2,199,610
Grants paid
$1,814,249
Program service revenue
$0
Investment income
$558,363
Other revenue
$103,459
Total assets, end of year
$7,951,958
Total liabilities, end of year
$469,580
Net assets or fund balances, end of year
$7,482,378
Program services expenses (Part IX)
$2,044,003
Management and general expenses
$118,584
Fundraising expenses
$148,209
Program service expenses (Part III)
$2,044,003

Program services were 88.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,199,610

  • 3 · Investment income

    total $217,698 · excluded $217,698

  • 7a · Gross sales of assets other than inventory

    securities $1,810,384

  • 7b · Less cost or other basis and sales expenses

    securities $1,469,719

  • 7c · Gain or loss

    securities $340,665

  • 7d · Net gain or loss

    total $340,665 · related or exempt $340,665

  • 11a · Other revenue: SERVICE FEE

    total $103,459 · related or exempt $103,459

  • 11e · Other revenue, total

    $103,459

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,814,249 · program services $1,814,249

  • 7 · Other salaries and wages

    total $79,403 · management and general $30,049 · fundraising $49,354

  • 10 · Payroll taxes

    total $7,971 · management and general $2,640 · fundraising $5,331

  • 11g · Fees: other

    total $149,269 · program services $133,992 · management and general $15,277

  • 12 · Advertising and promotion

    total $20,218 · program services $15,824 · fundraising $4,394

  • 13 · Office expenses

    total $36,471 · program services $5,088 · management and general $31,383

  • 16 · Occupancy

    total $21,179 · program services $8,111 · management and general $8,712 · fundraising $4,356

  • 22 · Depreciation, depletion and amortization

    total $537 · management and general $200 · fundraising $337

  • 23 · Insurance

    total $3,558 · program services $876 · management and general $1,000 · fundraising $1,682

  • 24a · Other expenses: FUNDRAISING

    total $74,949 · fundraising $74,949

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $60,701 · program services $60,701

  • 24c · Other expenses: INVESTMENT FEES

    total $28,551 · management and general $28,551

  • 24d · Other expenses: RESOURCE DEVELOPMENT

    total $11,382 · program services $5,162 · fundraising $6,220

  • 24e · All other expenses

    total $2,358 · management and general $772 · fundraising $1,586

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $427,459 · end of year $588,746

  • 3 · Pledges and grants receivable

    beginning of year $886,344 · end of year $823,933

  • 4 · Accounts receivable

    beginning of year $2,500 · end of year $8,231

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,299 · end of year $5,824

  • 10a · Land, buildings and equipment: cost or other basis

    $25,603

  • 10b · Land, buildings and equipment: accumulated depreciation

    $23,296

  • 10c · Land, buildings and equipment, net

    beginning of year $128 · end of year $2,307

  • 11 · Investments: publicly traded securities

    beginning of year $5,725,675 · end of year $6,272,917

  • 12 · Investments: other securities

    beginning of year $250,000 · end of year $250,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,955 · end of year $12,217

  • 18 · Grants payable

    beginning of year $9,484 · end of year $42,310

  • 25 · Other liabilities

    beginning of year $388,427 · end of year $415,053

  • 27 · Net assets without donor restrictions

    beginning of year $4,628,230 · end of year $5,012,919

  • 28 · Net assets with donor restrictions

    beginning of year $2,258,309 · end of year $2,469,459

Mission and programs · 2024

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.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,044,003 · Grants $1,814,249

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Keith Elbers

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Melissa Fick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracy Hansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Honken

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tammy Johnson

    SECTY

    Total calculated
    $0
    Hours/week
    1

  • Jim Juhl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Knute Oldre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Overgaard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharla Reisch

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Wayne Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Teune

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Thelen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202543219349321134

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.