St Croix Valley Foundation
- Assets
- $77.5m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Hudson, WI
- Founding
- 01/1996
- Data as of
- 06/2022
- EIN
- 41-1817315
Organization Overview
St Croix Valley Foundation is located in Hudson, WI. The organization was established in 1996. 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 06/2022, St Croix Valley Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Croix 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 06/2022, St Croix Valley Foundation generated $14.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 9.6% 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 2015, St Croix Valley Foundation has awarded 672 individual grants totaling $20,477,627. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ST. CROIX VALLEY COMMUNITY FOUNDATION IS TO ENHANCE THE QUALITY OF LIFE IN THE ST. CROIX VALLEY BY: ENCOURAGING CHARITABLE GIVING IN THE VALLEY, CONNECTING PEOPLE AND PROGRAMS, AND ENCOURAGING COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ART, EDUCATION, HUMAN SERVICES, ENVIRONMENTAL, RELIGIOUS, HEALTH AND OTHER CHARITABLE ORGANIZATIONS. APPROXIMATELY 1,130 GRANTS WERE GIVEN IN FISCAL YEAR 2022.
SPECIAL COMMUNITY PROJECTS: IN KEEPING WITH THE FOUNDATION'S MISSION, FOUNDATION STAFF MEMBERS PARTNER WITH OTHER ORGANIZATIONS, ESPECIALLY OUR AFFILIATE FOUNDATIONS, TO DIRECTLY ADDRESS CHANGING COMMUNITY CONCERNS. THIS INCLUDES: 1) FOSTERING COMMUNITY DIALOGUE AROUND LOCAL ISSUES - THROUGH REGIONAL FORUMS AND "CONVERSATIONS OF THE VALLEY; 2) PROMOTING NON PROFIT PERFORMANCE THROUGH WORKSHOPS AND GRANTS AND 3) WORKING WITH OUR AFFILIATES TO STRENGTHEN THEIR MANAGEMENT, GOVERNANCE, AND FUNDRAISING CAPACITY.
FUND MANAGEMENT AND PHILANTHROPIC SERVICES: THESE ACTIVITIES INCLUDE WORKING WITH DONORS, AGENCIES AND AFFILIATED FUNDS WHO ALREADY HAVE ESTABLISHED FUNDS WITH THE FOUNDATION AND INCLUDE TECHNICAL ASSISTANCE, TRAINING AND EDUCATION AS WELL AS ACCOUNTING ACTIVITIES. THERE WERE APPROXIMATELY 490 FUNDS MANAGED IN FISCAL YEAR 2022. THESE ACTIVITIES INCLUDE WORKING WITH DONOR PROSPECTS, WITH PROFESSIONAL FINANCIAL ADVISORS AND AGENCIES WHO WANT TO ESTABLISH A FUND WITH THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Logelin Executive Director | Officer | 40 | $113,545 |
Katrina Larsen Chair | OfficerTrustee | 10 | $0 |
Jim Ellis Vice Chair/secretary | OfficerTrustee | 10 | $0 |
Dennis Duerst Treasurer | OfficerTrustee | 2 | $0 |
Michelle Bredahl Board Member | Trustee | 2 | $0 |
Jessica Ehrlichmann Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,162,096 |
| Noncash contributions included in lines 1a–1f | $3,413,103 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,163,246 |
| Total Program Service Revenue | $235,087 |
| Investment income | $2,018,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,962,877 |
| Net Income from Fundraising Events | -$418 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,379,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,852,542 |
| 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. | $161,850 |
| Compensation of current officers, directors, key employees. | $55,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $421,952 |
| Pension plan accruals and contributions | $19,526 |
| Other employee benefits | $39,526 |
| Payroll taxes | $43,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,518 |
| Fees for services: Other | $180 |
| Advertising and promotion | $13,830 |
| Office expenses | $14,869 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,960 |
| Travel | $2,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,468 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,689 |
| Insurance | $5,754 |
| All other expenses | $26 |
| Total functional expenses | $5,954,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,259 |
| Savings and temporary cash investments | $296,098 |
| Pledges and grants receivable | $682,994 |
| 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 | $9,021 |
| Net Land, buildings, and equipment | $17,947 |
| Investments—publicly traded securities | $76,011,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $460,144 |
| Total assets | $77,504,280 |
| Accounts payable and accrued expenses | $117,225 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $27,852,832 |
| 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 | $2,842 |
| Total liabilities | $27,972,899 |
| Net assets without donor restrictions | $934,362 |
| Net assets with donor restrictions | $48,597,019 |
| 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 | $77,504,280 |
Grants Awarded
Over the last fiscal year, St Croix Valley Foundation has awarded $3,762,896 in support to 99 organizations.
| Grant Recipient | Amount |
|---|---|
SOMERSET PUBLIC LIBRARY PURPOSE: FURNISHING & SUPPLIES FOR STORY TIME ROOM | $1,085,684 |
Hudson, WI PURPOSE: GENERAL OPERATING, CAPITAL CAMPAIGN | $263,250 |
St Paul, MN PURPOSE: GENERAL OPERATING | $200,000 |
Osceola, WI PURPOSE: SPONSORSHIP, GENERAL OPERATING, SITE PLANNING | $156,776 |
Roseville, MN PURPOSE: GENERAL OPERATING | $155,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATING | $153,071 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that St Croix Valley Foundation has recieved totaling $589,689.
| Awarding Organization | Amount |
|---|---|
David And Janis Larson Foundation Minneapolis, MN PURPOSE: GENERAL CHARITABLE PURPOSES | $300,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $190,750 |
Hugh J Andersen Foundation Bayport, MN PURPOSE: VALLEY ARTS & ADDITIONAL STAFFING | $50,000 |
Thomas And Julianne Youngren Foundation Sioux Falls, SD PURPOSE: T D & J J CAPISTRANT | $25,000 |
Westconsin Credit Union Menomonie, WI PURPOSE: WILL PLAYGROUND DONATION | $12,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $8,500 |
Endowment Analysis
| Beg. Balance | $49,522,613 |
| Earnings | -$8,480,455 |
| Admin Expense | $543,574 |
| Net Contributions | $2,059,274 |
| Grants | $1,493,448 |
| Ending Balance | $41,064,410 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communitygiving St Cloud, MN | $193,103,222 | $46,523,540 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
3m Open Fund Blaine, MN | $2,792,523 | $13,492,516 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |