Bigfork Valley Foundation FY2023 filing

Tax-deductible

Bigfork, MN501(c)(3)Health CareEIN 26-1634561

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Bigfork Valley community Foundation exists to provide an opportunity for individuals to contribute to a private non-profit organization that will support the betterment of the northern itasca hospital district and its communities.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$38K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $11K a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$38K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $170K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$123K
-84% vs prior year
Spent
$590K
To programs
93%
Net assets
$192K
By yearFY2020–FY2025
Revenue
$123K
FY2023▼ -84%
Revenue by fiscal year
FY2020$155K
FY2021$173K
FY2022$760K
FY2023$123K
FY2024$302K
FY2025$531K
Expenses
$590K
FY2023▲ +72%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$343K
FY2023$590K
FY2024$268K
FY2025$558K
Net assets
$192K
FY2023▼ -71%
Net assets by fiscal year
FY2020$163K
FY2021$243K
FY2022$659K
FY2023$192K
FY2024$226K
FY2025$198K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $548K Management & general 7% · $43K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $38K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$19,875Pt VII · Sec A
$18,300Pt VII · Sec A
$0Pt VII · Sec A
Vicechair/Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristen Huot’s $18K as COO is at the 11th percentile of top reported officer pay among 1979 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tim Johnson$18,300$18,300$19,875$18,300$33,550$20,800
Kristen Huot$18,300$18,300$18,300$18,300$3,050—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Bigfork Valley Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports local communities and a hospital district through private donations.

Provided by the organization

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1 program service account for $548K of program spending, described in the organization's own filed words · FY2023.
01

Support for projects for bigfork valley hospital district, hospital district communities and the surrounding area.

$548Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$170K
Grants paid · 25 grants · $1.5M · 2022–2025
Bigfork Valley HospitalFY2025$281,752
Individual RecipientFY2025$67,250
Individual RecipientFY2025$50,000
City of EffieFY2025$42,000
Individual RecipientFY2025$26,043
Isd 318FY2025$10,000
City of BigforkFY2025$9,575
Bigfork SchoolFY2024$89,970
Bigfork Valley HospitalFY2024$30,219
City of BigforkFY2024$30,075
Individual RecipientFY2024$14,075
Individual RecipientFY2024$11,751
Metro Gun ClubFY2024$9,350
Bigfork SchoolFY2023$396,000
City of BigforkFY2023$45,248
City of EffieFY2023$37,500
Individual RecipientFY2023$25,000
Individual RecipientFY2023$20,406
See all 25 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$123K
Ln 12
Gifts and grantsLn 1h$111K
Investment incomeLn 3$7K
Other incomeLn 4–11$6K
Money outPt IX
$590K
Ln 25
Programscol B$548K
Managementcol C$43K
Owns and owesPt X
$192K
net assets · Ln 32
Cash and savingsLn 1–2$180K
Total assetsLn 16$192K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$111K
Fundraising eventsLn 1c$485
Investment incomeLn 3$7K
Other incomeLn 4–11$6K
Gains on assetsLn 7$0
Total revenueLn 12$123K
Assets in detailPt X, end of year
CashLn 1$13K
SavingsLn 2$167K
Cash and savings togetherLn 1–2$180K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$12K
Total assetsLn 16$192K
LiabilitiesLn 26$0
Net assetsLn 32$192K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$647K$180K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$659K$192K
LiabilitiesLn 26$0$0
Net assetsLn 32$659K$192K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$535K$535K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$38K$8K$30K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$77$77
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$12K$5K$7K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$590K$548K$43K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $531K$558K−$28K$198K 990 PDF
FY2024 $302K$268K$34K$226K 990 PDF
FY2023 Viewing $123K$590K−$467K$192K 990 PDF
FY2022 $760K$343K$417K$659K 990 PDF
FY2021 $173K$243K 990 PDF
FY2020 $155K$163K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $123,080 across 9 lines filed
VIII-1c Fundraising events$485
VIII-1f All other contributions, gifts and grants$110,169
VIII-1h Total contributions, gifts and grants$110,654
VIII-3 Investment incomeExcluded from tax $6,824$6,824
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $5,602$5,602
VIII-12 Total revenueExcluded from tax $12,426$123,080
Part IX · Statement of functional expenses $590,406 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $534,714$534,714
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $7,950 · Management $30,225$38,175
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,400$2,400
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $77$77
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,061$1,061
IX-24 Other expenses (24a–d)Programs $5,000 · Management $6,873$11,873
IX-24e All other expensesManagement $2,106$2,106
IX-25 Total functional expensesPrograms $547,664 · Management $42,742 · Fundraising $0$590,406
Part X · Balance sheet $191,973 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $4,695$13,083
X-2 Savings and temporary cash investmentsStart of year $642,273$166,560
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $12,330$12,330
X-16 Total assetsStart of year $659,298$191,973
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $659,298$191,973
X-32 Total net assets or fund balancesStart of year $659,298$191,973
X-33 Total liabilities and net assetsStart of year $659,298$191,973
Part XI · Reconciliation of net assets $191,973 net assets at year end
XI-1 Total revenue$123,080
XI-2 Total expenses$590,406
XI-3 Revenue less expenses−$467,326
XI-4 Net assets at start of year$659,298
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$191,973

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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