Headwaters Relief Organization Incorporated
- Assets
- $77.0k
- Revenue
- $103.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Golden Valley, MN
- Founding
- 11/2008
- Data as of
- 12/2023
- EIN
- 26-1922135
Organization Overview
Headwaters Relief Organization Incorporated is located in Golden Valley, MN. The organization was established in 2008. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Headwaters Relief Organization Incorporated 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, Headwaters Relief Organization Incorporated generated $103.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $117.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DISASTER RELIEF COLLABORATION OF VOLUNTEERS THAT SUPPORTS THE NEEDS OF FAMILIES AND COMMUNITIES AFTER DISASTERS. THE FOUNDATION PROVIDES PUBLIC HEALTH, PYSCHOSOCIAL AND MEDICAL SUPPORT AS WELL AS DISASTER DEBRIS CLEAN-UP AND RE-BUILDING IN PARTNERSHIP WITH OTHER ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES PROVIDED TO INDIVIDUALS REQUIRING SUPPORT IN DISASTER RELIEF AREAS. BY RESPONDING TO TORNADOES, FLOODS, EARTHQUAKES, HURRICANES, FIRES, AND OTHER MAN-MADE DISASTERS, THE FOUNDATION IS ABLE TO PROVIDE PUBLIC HEALTH AND GENERAL SUPPORT.
A TOTAL OF 5,952 HOURS WERE DONATED ADMINISTRATIVELY TO SUPPORT HEADWATERS OPERATIONS IN 2023. THE VALUE OF THESE HOURS IS $313,876. IN ADDITION, A TOTAL OF 1,281 HOURS WERE DONATED BY TNE BOARD OF DIRECTORS IN 2023. THE VALUE OF THESE HOURS IS $218,540. THESE VALUES ARE BASED ON THE INDIVIDUALS WHO DONATED THEM, THEIR BACKGROUNDS, AND THE REIMBURSEMENT THEY WOULD HAVE RECEIVED SHOULD THEY HAVE PERFORMED A SIMILAR TASK FOR COMPENSATION.THIS PROVIDES AN AGGREGATE TOTAL OF 8,358 HOURS DONATED WITH A COMBINED VALUE OF $532,416 IN 2023. THIS SUPPORT ALLOWS THE ORGANIZATION TO BE FUNDED IN A NON-TRADITIONAL WAY, THEREBY ALLOWING ALL DONATIONS TO GO DIRECTLY IN SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Leitner Cob | OfficerTrustee | 2 | $0 |
Toni Thulen Treasurer | OfficerTrustee | 1 | $0 |
Mary Anderson Director | Trustee | 2 | $0 |
Brad Benesh Director | Trustee | 1 | $0 |
David Comb Director | Trustee | 2 | $0 |
Amy Kelly Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,227 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$916 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $18,523 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,484 |
| Advertising and promotion | $1,693 |
| Office expenses | $12,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $46,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,814 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,870 |
| Insurance | $3,984 |
| All other expenses | $0 |
| Total functional expenses | $117,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,683 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,904 |
| 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 | $5,483 |
| Net Land, buildings, and equipment | $935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,005 |
| Accounts payable and accrued expenses | $29,356 |
| 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 | $3,674 |
| Total liabilities | $33,030 |
| Net assets without donor restrictions | $43,975 |
| 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 | $77,005 |