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

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 5.3 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
$120K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$218K
+192% vs prior year
Spent
$92K
To programs
90%
Net assets
$257K
By yearFY2020–FY2025
Revenue
$218K
FY2021▲ +192%
Tap a bar for its year
Revenue by fiscal year
FY2020$75K
FY2021$218K
FY2022$238K
FY2023$195K
FY2024$246K
FY2025$195K
Expenses
$92K
FY2021▲ +403%
Tap a bar for its year
Expenses by fiscal year
FY2020$18K
FY2021$92K
FY2022$158K
FY2023$176K
FY2024$202K
FY2025$129K
Net assets
$257K
FY2021▲ +86%
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 FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

90 cents of each dollar spent went to programs.

Program services 90% · $83K Management & general 14% · $13K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Pine River Area Foundation INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Pine River Area Foundation INC

Tap to ask. Pine River Area Foundation INC sees how many people are interested.

Your first name shows with your question. Pine River Area Foundation INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $163K · in their own filed words · FY2021
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

$83Kprogram expense
02

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

$79Kprogram 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
Total grants receivedfrom 2 funders$8K
Grants paid · 2 grants · $26K · 2024–2025

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$218K
Ln 12
Gifts and grantsLn 1h$136K
Fees for servicesLn 2g$79K
Other incomeLn 4–11$2K
Money outPt IX
$92K
Ln 25
Programscol B$83K
Managementcol C$13K
Owns and owesPt X
$257K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$376K
LiabilitiesLn 26$120K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$136K
Government grantsLn 1e$40K
Fees for servicesLn 2g$79K
Investment incomeLn 3$21
Other incomeLn 4–11$2K
Total revenueLn 12$218K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$41K
Total assetsLn 16$376K
LiabilitiesLn 26$120K
Net assetsLn 32$257K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 14, 2026 $195K$129K$66K$474K 990 PDF
FY2024Filed with the IRS Apr 4, 2025 $246K$202K$44K$408K 990 PDF
FY2023Filed with the IRS Sep 4, 2024 $195K$176K$19K$364K 990 PDF
FY2022Filed with the IRS Nov 8, 2023 $238K$158K$81K$345K 990 PDF
FY2021 ViewingFiled with the IRS Sep 23, 2022 $218K$92K$125K$257K 990 PDF
FY2020Filed with the IRS May 7, 2021 $75K$18K$56K$138K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2021 990 (1 part)
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.