Pine Haven Foundation Inc
- Assets
- $195.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pine Island, MN
- Founding
- 08/1989
- Data as of
- 09/2023
- EIN
- 41-1580669
Organization Overview
Pine Haven Foundation Inc is located in Pine Island, MN. The organization was established in 1989. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Haven Foundation Inc 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 09/2023, Pine Haven Foundation Inc generated $21.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $28.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (22.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PINE HAVEN FOUNDATION EXISTS TO ADVANCE THE MISSION AND VISION OF PINE HAVEN COMMUNITY. IN THE PAST, THE FOUNDATION HAS FUNDED SIGNIFICANT BUILDING IMPROVEMENTS AND ADDITIONS. THE FOUNDATION IS CURRENTLY PLANNING FOR FUTURE EXPANSIONS.THE ORGANIZATION HAS BEGUN A FUND RAISING CAMPAIGN TO RAISE FUNDS TO ENHANCE THE CARE CENTER'S NEW SPACE WITH AMENITIES TO PROVIDE A WARM AND HOME-LIKE ATMOSPHERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Hoffarth Director | 2 | $0 | |
Brian Hale Vice Chair | 2 | $0 | |
Glen Hemann Treasurer | 2 | $0 | |
Teresa Buck Secretary | 2 | $0 | |
Wendell Zwart Chairman | 5 | $0 | |
Jerry Vettel Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,505 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19,540 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,045 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $25,886 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $158 |
| Total expenses | $28,536 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,907 |
| Other assets | $0 |
| Total assets | $195,277 |
| Total liabilities | $137,571 |
| Net assets or fund balances | $57,706 |