Luverne Area Community Foundation

Organization Overview

Luverne Area Community Foundation is located in Luverne, MN. The organization was established in 1992. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Luverne Area Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luverne Area Community 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 12/2021, Luverne Area Community Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 23.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Luverne Area Community Foundation has awarded 86 individual grants totaling $3,781,040. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LUVERNE AREA COMMUNITY FOUNDATION'S PRIMARY ACTIVITY IS GRANT MAKING AIMED AT IMPROVING THE QUALITY OF LIFE IN LACF'S SERVICE AREA. IN 2021 OF THE GRANTS MADE, MOST WERE COMPETITIVELY AWARDED TO ORGANIZATIONS THAT SOUGHT TO SERVICE AREAS PRESSING NEEDS AND OPPORTUNITIES. IN ALL MORE THAN 30 CHARITABLE ORGANIZATIONS RECEIVED SUPPORT FROM LACF AND INCLUDED THE ARTS AND HUMANITIES, COMMUNITY DEVELOPMENT, EDUCATION, HEALTH AND WELLNESS, HUMAN SERVICES, RELIGION AND YOUTH. SOME ORGANIZATIONS ARE ELIGIBLE FOR ANNUAL DISTRIBUTIONS FROM DESIGNATED/AGENCY ENDOWMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Isaac Deboer
President
$0
Mike Engesser
Past Preside
$0
Tammy Johnson
Secty
$0
Sharla Reisch
Treasurer
$0
Keith Elbers
Director
$0
Jeff Haubrich
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $147,746
All other contributions, gifts, grants, and similar amounts not included above$2,304,146
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,451,892
Total Program Service Revenue$0
Investment income $111,713
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $173,970
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,811,176

Grants Awarded

Over the last fiscal year, Luverne Area Community Foundation has awarded $836,285 in support to 16 organizations.

Grant RecipientAmount

ROCK COUNTY FOODSHELF

Org PageRecipient Profile

Luverne, MN

PURPOSE: LOCAL FOODSHELP

$203,190

Sioux Falls, SD

|

$176,527

Luverne, MN

|

$132,190

Luverne, MN

|

$130,724

Sioux Falls, SD

|

$48,585

LUVERNE PUBLIC SCHOOLS

PURPOSE: GUIDANCE COUNSELOR

$29,831
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Luverne Area Community Foundation has recieved totaling $16,258.

Awarding OrganizationAmount
William D & Joyce E Sexton Family Foundation

Clara City, MN

PURPOSE: CHARITABLE ACTIVITIES

$10,000
$6,236
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$22
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$699,377
Earnings$66,975
Admin Expense$7,727
Net Contributions$50,323
Grants$41,599
Ending Balance$767,349

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