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Pine River Area Foundation INC

Tax-deductible

Pine River, MN501(c)(3)Foundations & Grantmakers EIN 27-1138711Revenue $195K in FY2025

On file with the IRSPo Box 187, 56474-0187 · Pine River, MNTax-exempt since Oct 2019Publicly supported — 509(a)(2)

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To support, promote, protect, and enhance the local economic environment and artistic community.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 200 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $65K a year · 33% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $8K
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
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$195K
-21% vs prior year
Spent
$129K
To programs
86%
Net assets
$474K
By yearFY2020–FY2025
Revenue
$195K
FY2025▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$75K
FY2021$218K
FY2022$238K
FY2023$195K
FY2024$246K
FY2025$195K
Expenses
$129K
FY2025▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2020$18K
FY2021$92K
FY2022$158K
FY2023$176K
FY2024$202K
FY2025$129K
Net assets
$474K
FY2025▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$138K
FY2021$257K
FY2022$345K
FY2023$364K
FY2024$408K
FY2025$474K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2016-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Oct 2019.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $111K Management & general 14% · $19K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Danelle Johnson
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Hansen
Director
$0Pt VII · Sec A
Jana Johnson
Director
$0Pt VII · Sec A
Troy Gregory
Director
$0Pt VII · Sec A
See Pine River Area Foundation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Boosts local economy and arts through support, promotion, and protection.

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Provided by the organization

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1 program · $111K · in their own filed words · FY2025
01

The lakes bluegrass festival brings artistic and economic activity to the pine river, MN, area, an underserved community. Introduced an underserved community to americana music.

$111Kprogram expense

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
Five Wings Arts CouncilFY2024$7K
Happy Dancing TurtleFY2024$500
Total grants receivedfrom 2 funders$8K
Grants paid · 2 grants · $26K · 2024–2025
Homeless & Wounded Warriors-MNMN · FY2025$6,946
Homeless & Wounded Warriors-MNMN · FY2024$19,221

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$195K
Ln 12
Fees for servicesLn 2g$115K
Gifts and grantsLn 1h$62K
Other incomeLn 4–11$14K
Money outPt IX
$129K
Ln 25
Programscol B$111K
Managementcol C$19K
Owns and owesPt X
$474K
net assets · Ln 32
Cash and savingsLn 1–2$157K
Total assetsLn 16$474K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Government grantsLn 1e$35K
Fees for servicesLn 2g$115K
Investment incomeLn 3$4K
Other incomeLn 4–11$14K
Gains on assetsLn 7$4K
Total revenueLn 12$195K
Assets in detailPt X, end of year
CashLn 1$110K
SavingsLn 2$46K
Cash and savings togetherLn 1–2$157K
Land, buildings, equipmentLn 10c$317K
Total assetsLn 16$474K
LiabilitiesLn 26$0
Net assetsLn 32$474K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$125K$157K
Land, buildings, equipmentLn 10c$333K$317K
Total assetsLn 16$460K$474K
LiabilitiesLn 26$52K$0
Net assetsLn 32$408K$474K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Grants to domestic individualsLn 2$1K$1K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$697$697
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$30K$30K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$61K$54K$7K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$129K$111K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $195K$129K$66K$474K 990 PDF
FY2024 $246K$202K$44K$408K 990 PDF
FY2023 $195K$176K$19K$364K 990 PDF
FY2022 $238K$158K$81K$345K 990 PDF
FY2021 $218K$92K$125K$257K 990 PDF
FY2020 $75K$18K$56K$138K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $195,011 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $61,533$61,910
I-9 Program service revenuePrior year $142,441$115,184
I-10 Investment incomePrior year $1,191$3,972
I-11 Other revenuePrior year $41,290$13,945
I-12 Total revenuePrior year $246,455$195,011
I-13 Grants and similar amounts paidPrior year $27,663$10,946
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $174,392$118,482
I-18 Total expensesPrior year $202,055$129,428
I-19 Revenue less expensesPrior year $44,400$65,583
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $195,011 across 9 lines filed
Lines not itemized here account for −$2,760 of total revenue; see the IRS return.
VIII-1e Government grants$35,250
VIII-1f All other contributions, gifts and grants$26,660
VIII-1h Total contributions, gifts and grants$61,910
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $115,184$115,184
VIII-3 Investment incomeExcluded from tax $120$120
VIII-6 Net rental income or lossRelated to mission $690$690
VIII-7 Net gain or loss on sales of assetsRelated to mission $3,852$3,852
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $16,015$16,015
VIII-12 Total revenueRelated to mission $140,214 · Unrelated business −$7,233 · Excluded from tax $120$195,011
Part IX · Statement of functional expenses $129,428 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $9,946$9,946
IX-2 Grants to domestic individualsPrograms $1,000$1,000
IX-11c Accounting feesManagement $1,834$1,834
IX-12 Advertising and promotionPrograms $10,965$10,965
IX-13 Office expensesPrograms $697$697
IX-20 InterestManagement $2,633$2,633
IX-22 Depreciation, depletion and amortizationPrograms $29,892$29,892
IX-23 InsuranceManagement $7,018$7,018
IX-24 Other expenses (24a–d)Programs $53,754 · Management $7,036$60,790
IX-24e All other expensesPrograms $4,653$4,653
IX-25 Total functional expensesPrograms $110,907 · Management $18,521 · Fundraising $0$129,428
Part X · Balance sheet $473,887 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $124,942$110,479
X-2 Savings and temporary cash investments$46,083
X-8 Inventories for sale or useStart of year $2,343$544
X-10c Land, buildings and equipment, netStart of year $333,187$316,781
X-16 Total assetsStart of year $460,472$473,887
X-26 Total liabilitiesStart of year $52,168$0
X-32 Total net assets or fund balancesStart of year $408,304$473,887
X-33 Total liabilities and net assetsStart of year $460,472$473,887
Part XI · Reconciliation of net assets $473,887 net assets at year end
XI-1 Total revenue$195,011
XI-2 Total expenses$129,428
XI-3 Revenue less expenses$65,583
XI-4 Net assets at start of year$408,304
XI-10 Net assets at end of year$473,887

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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