Longville Area Community Foundation

Organization Overview

Longville Area Community Foundation is located in Longville, MN. The organization was established in 1992. 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. Longville 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 12/2023, Longville Area Community Foundation generated $192.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $184.7k during the year ending 12/2023. While expenses have increased by 18.5% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ENRICHING OUR COMMUNITY BOTH NOW AND IN THE FUTURE BY AWARDING GRANTS AND SCHOLARSHIPS FOR EDUCATION, ENVIRONMENTAL PROJECTS, ARTS, HEALTH AND SAFETY PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2023 LACF AWARDED 61,850 IN GRANTS AND SCHOLARSHIPS: FOOD INSECURITY - 4,000; CHILDREN, YOUTH, & IN-NEED - 15,200; SCHOLARSHIPS FOR EDUCATION - 5,000; RECREATION - 1,500; COMMUNITY BEAUTIFICATION - 2,500; COMMUNITY SAFETY & IMPROVEMENTS - 15,000; COMMUNITY EVENTS - 3,650; AND THE ARTS - 15,000.


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Board, Officers & Key Employees

Name (title)Compensation
Ed Schultz
President
$0
Tom Dollins
Vice President
$0
Patty Nypower
Secretary
$0
Terry Fay
Treasurer
$0
Jenny Jones
Board Member
$0
Allison Magnus
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$5,150
Fundraising events$500
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$165,690
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$171,340
Total Program Service Revenue$0
Investment income $76
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $21,139
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $192,555

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