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Fergus Falls YMCA Foundation FY2021 filing

Fergus Falls, MNUnknown exempt organizationEIN 26-3144528

The purpose of the fergus falls YMCA foundation is to help provide a secure source of funding for the future development of the fergus falls area family YMCA, as well as provide some operational funding.

91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $5K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
89 mo
of spending, in cash
Looks good: 89.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $11K
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
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34K
+33% vs prior year
Spent
$25K
To programs
91%
Net assets
$602K
By yearFY2020–FY2024
Revenue
$34K
FY2021▲ +33%
Revenue by fiscal year
FY2020$26K
FY2021$34K
FY2022$12K
FY2023$37K
FY2024$50K
Expenses
$25K
FY2021▲ +27%
Expenses by fiscal year
FY2020$20K
FY2021$25K
FY2022$30K
FY2023$27K
FY2024$31K
Net assets
$602K
FY2021▲ +11%
Net assets by fiscal year
FY2020$544K
FY2021$602K
FY2022$485K
FY2023$572K
FY2024$637K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $22K Management & general 9% · $2K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Roger Erstad
Secretary
$0Pt VII · Sec A
Paul Lundeen
Treasurer
$0Pt VII · Sec A
Rob Ronning
Vice Preside
$0Pt VII · Sec A
Steve Smith
Acting Presi
$0Pt VII · Sec A
Ben Underwood
President
$0Pt VII · Sec A
See Fergus Falls YMCA 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

Secures funding for the YMCA's future development and operations.

Provided by the organization

This section is blank until Fergus Falls YMCA Foundation claims this page.

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1 program service account for $22K of program spending, described in the organization's own filed words · FY2021.
01

In 2021, the fergus falls ymca foundation supported the fergus falls area family ymca by donating 22,436 towards various improvement projects and the annual giving campaign.

$22Kprogram 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
West Central InitiativeFY2024$10K
The Barry FoundationFY2024$750
Total grants receivedfrom 2 funders$11K
Grants paid · 5 grants · $120K · 2020–2024
Fergus Falls Area Family YMCAMN · FY2024$27,520
Fergus Falls Area Family YMCAMN · FY2023$27,134
Fergus Falls Area Family YMCAMN · FY2022$27,783
Fergus Falls Area Family YMCAMN · FY2021$22,436
Fergus Falls Area Family YMCAMN · FY2020$15,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$34K
Ln 12
Gifts and grantsLn 1h$31K
Investment incomeLn 3$3K
Money outPt IX
$25K
Ln 25
Programscol B$22K
Managementcol C$2K
Owns and owesPt X
$602K
net assets · Ln 32
Cash and savingsLn 1–2$184K
Total assetsLn 16$602K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Investment incomeLn 3$3K
Total revenueLn 12$34K
Assets in detailPt X, end of year
CashLn 1$21K
SavingsLn 2$163K
Cash and savings togetherLn 1–2$184K
InvestmentsLn 11–13$418K
Total assetsLn 16$602K
LiabilitiesLn 26$0
Net assetsLn 32$602K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$162K$184K
InvestmentsLn 11–13$381K$418K
Total assetsLn 16$544K$602K
LiabilitiesLn 26$0$0
Net assetsLn 32$544K$602K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Investment management feesLn 11f$2K$2K
Total functional expensesLn 25$25K$22K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $50K$31K$20K$637K 990 PDF
FY2023 $37K$27K$10K$572K 990 PDF
FY2022 $12K$30K−$18K$485K 990 PDF
FY2021 Viewing $34K$25K$9K$602K 990 PDF
FY2020 $26K$20K$6K$544K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $34,068 across 4 lines filed
VIII-1f All other contributions, gifts and grants$31,027
VIII-1h Total contributions, gifts and grants$31,027
VIII-3 Investment incomeExcluded from tax $3,041$3,041
VIII-12 Total revenueExcluded from tax $3,041$34,068
Part IX · Statement of functional expenses $24,710 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $22,436$22,436
IX-11f Investment management feesManagement $2,274$2,274
IX-25 Total functional expensesPrograms $22,436 · Management $2,274 · Fundraising $0$24,710
Part X · Balance sheet $601,958 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $12,146$20,738
X-2 Savings and temporary cash investmentsStart of year $150,206$163,275
X-11 Publicly traded securitiesStart of year $381,391$417,945
X-16 Total assetsStart of year $543,743$601,958
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $543,743$601,958
X-32 Total net assets or fund balancesStart of year $543,743$601,958
X-33 Total liabilities and net assetsStart of year $543,743$601,958
Part XI · Reconciliation of net assets $601,958 net assets at year end
XI-1 Total revenue$34,068
XI-2 Total expenses$24,710
XI-3 Revenue less expenses$9,358
XI-4 Net assets at start of year$543,743
XI-5 Net unrealized gains (losses) on investments$48,857
XI-10 Net assets at end of year$601,958

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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