Bigfork Valley Foundation
- Assets
- $192.0k
- Revenue
- $123.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bigfork, MN
- Founding
- 06/2008
- Data as of
- 12/2023
- EIN
- 26-1634561
Organization Overview
Bigfork Valley Foundation is located in Bigfork, MN. The organization was established in 2008. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bigfork Valley Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Bigfork Valley Foundation generated $123.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $590.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Bigfork Valley Foundation has awarded 12 individual grants totaling $829,241. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BIGFORK VALLEY COMMUNITY FOUNDATION EXISTS TO PROVIDE AN OPPORTUNITY FOR INDIVIDUALS TO CONTRIBUTE TO A PRIVATE NON-PROFIT ORGANIZATION THAT WILL SUPPORT THE BETTERMENT OF THE NORTHERN ITASCA HOSPITAL DISTRICT AND ITS COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR PROJECTS FOR BIGFORK VALLEY HOSPITAL DISTRICT, HOSPITAL DISTRICT COMMUNITIES AND THE SURROUNDING AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Johnson Executive Dir. | Trustee | 20 | $19,875 |
Kristen Huot COO | Trustee | 20 | $18,300 |
Meredith Morneau Director | Trustee | 1 | $0 |
Joel Karels Vicechair/treas | OfficerTrustee | 2 | $0 |
Meredie Rounds Secretary | OfficerTrustee | 2 | $0 |
Gail Blackmer Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $485 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,169 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,654 |
| Total Program Service Revenue | $0 |
| Investment income | $6,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,602 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $534,714 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $38,175 |
| Compensation of current officers, directors, key employees. | $30,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $77 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,061 |
| All other expenses | $2,106 |
| Total functional expenses | $590,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,083 |
| Savings and temporary cash investments | $166,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,330 |
| Total assets | $191,973 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $191,973 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $191,973 |
Grants Awarded
Over the last fiscal year, Bigfork Valley Foundation has awarded $531,754 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AGE TO AGE FUNDS | | | $20,406 |
BIGFORK VALLEY HOSPITAL | | | $7,600 |
BIGFORK SCHOOL | | | $396,000 |
CITY OF BIGFORK | | | $45,248 |
CITY OF EFFIE | | | $37,500 |
MARCELL TOWNSHIP | | | $25,000 |