Bigfork Valley Foundation in Bigfork, Minnesota (MN)
Table of contents:
| Bigfork Valley Foundation | |
| Employer Identification Number (EIN) | 261634561 |
| Name of Organization | Bigfork Valley Foundation |
| In Care of Name | Dan Odegaard |
| Address | PO BOX 44, Bigfork, MN 56628-0044 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $47,542 |
| Amount of Income | $54,648 |
| Form 990 Revenue Amount | $45,845 |
| National Taxonomy of Exempt Entities (NTEE) | Health - General and Rehabilitative: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $54,648 (it was $79,095 in 2012)
| This organization: | $54,648 |
| Other organizations performing similar types of work: | $323,574 |
Assets in 2013: $47,542 (it was $69,302 in 2012)
| Bigfork Valley Foundation: | $47,542 |
| Other organizations performing similar types of work: | $489,325 |
Expenses in 2013: $67,732
| Bigfork Valley Foundation: | $67,732 |
| Other organizations performing similar types of work: | $138,435 |
Income to expenses ratio in 2013: 0.8
| Bigfork Valley Foundation: | 0.8 |
| Other organizations performing similar types of work: | 0.4 |
Grants share in income in 2013: 79.5%
| Bigfork Valley Foundation: | 79.5% |
| Other organizations performing similar types of work: | 0.8% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $60,854 | $65,961 | $45,845 |
| Contributions, gifts, grants, and similar amounts received | $60,367 | $57,202 | $36,450 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $487 | $556 | $213 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $8,203 | $9,182 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $21,337 | $17,985 |
| Less: direct expenses from gaming and fundraising events | $0 | $13,134 | $8,803 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $55,926 | $51,239 | $67,732 |
| Total net assets | $44,671 | $69,224 | $47,464 |
| Excess/Deficit for the year | $4,928 | $14,722 | $-21,887 |
| Net assets or fund balances at beginning of year | $39,743 | $44,672 | $69,224 |
| Other changes in net assets or fund balances | $0 | $9,830 | $127 |
| Net assets or fund balances at end of year | $69,224 | $47,464 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $46,834 | $69,302 | $47,542 |
| Total liabilities | $2,163 | $78 | $78 |
| Net assets or fund balances | $44,671 | $69,224 | $47,464 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $19,119 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Svh Supportco | 406 Botulph Ln Ste 2, Santa Fe, NM 87505-6971 | NM | 2009-03 | $28,879,096 |
| 2 | Allina Associated Foundation | PO BOX 43, Minneapolis, MN 55440-0043 | MN | 2011-11 | $6,729,375 |
| 3 | Innovis Health Foundation | 502 E 2nd St, Duluth, MN 55805 | MN | 2009-10 | $6,116,405 |
| 4 | Mn Community Measurement | 3433 Broadway St Ne Ste 455, Minneapolis, MN 55413-2553 | MN | 2006-04 | $3,923,834 |
| 5 | Tri-County Health Care | 415 Jefferson St N, Wadena, MN 56482-1264 | MN | 2010-02 | $3,459,997 |
| 6 | Winona Health Foundation | 855 Mankato Ave, Winona, MN 55987-4868 | MN | 1999-05 | $2,531,656 |
| 7 | Mayo Clinic Health System New Prague Foundation | 301 2nd St Ne, New Prague, MN 56071-1709 | MN | 1983-08 | $295,203 |
| 8 | Mercy Hospital Foundation | 710 S Kenwood Ave, Moose Lake, MN 55767-9405 | MN | 2000-10 | $168,163 |
| 9 | Westfields Hospital Foundation Inc | PO BOX 1309, Minneapolis, MN 55440-1309 | MN | 2008-10 | $96,397 |
| 10 | Flood Run Incorporated | 2031 Quentin Ave S, Lakeland, MN 55043-9783 | MN | 2012-02 | $65,228 |
| 11 | Let The Sun Shine Run | 335 11th Ave S, Cold Spring, MN 56320-2176 | MN | 2013-11 | $28,147 |
| 12 | Arlington Area Ambulance Association Inc | 312 W Alden Po Box 852, Arlington, MN 55307 | MN | 2012-09 | $0 |
| 13 | Ely Health And Hospital Fund | 328 W Conan St, Ely, MN 55731-1145 | MN | 2013-12 | $0 |
| 14 | Friends Of Otter Tail Nursing Home Auxiliary | 28930 Co Hwy 145, Battle Lake, MN 56515 | MN | 2006-06 | $0 |
| 15 | Friends Of Tank Hospital | 3941-B Meadowbrook Rd, Minneapolis, MN 55426 | MN | 2004-08 | $0 |
| 16 | Just Health Network | 2888 Irving Ave S Apt 2, Minneapolis, MN 55408-1879 | MN | 2014-04 | $0 |
| 17 | Murray County Medical Center Foundation Inc | 2042 Juniper Avenue, Slayton, MN 56172 | MN | 2009-04 | $0 |
| 18 | Ramsey Nursing Home Foundation | 402 Iona Lane, Roseville, MN 55113 | MN | 2002-10 | $0 |
| 19 | Ucare Foundation | PO BOX 52, Minneapolis, MN 55440-0052 | MN | 2014-09 | $0 |
| 20 | Ufphc Holdings Inc | 1026 7th St W, Saint Paul, MN 55102-3828 | MN | 2009-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 945 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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