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Vivie Foundation

Tax-deductible

Alexandria, MN501(c)(3)EIN 41-1451486

Provide support to Knute Nelson.

501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
Run by 250 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
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 $64K a year · 12% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $416K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$41K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$507K
+142% vs prior year
Spent
$662K
To programs
50%
Net assets
$7.5M
By yearFY2020–FY2024
Revenue
$507K
FY2024▲ +142%
Revenue by fiscal year
FY2020$463K
FY2021$430K
FY2022$613K
FY2023$646K
FY2023$209K
FY2024$507K
Expenses
$662K
FY2024▲ +204%
Expenses by fiscal year
FY2020$395K
FY2021$406K
FY2022$494K
FY2023$382K
FY2023$218K
FY2024$662K
Net assets
$7.5M
FY2024▲ +91%
Net assets by fiscal year
FY2020$3.2M
FY2021$3.8M
FY2022$3.2M
FY2023$3.7M
FY2023$3.9M
FY2024$7.5M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1984.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $329K Management & general 50% · $333K

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Sally Smith
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Sarah O'Kane
Treasurer
$0Pt VII · Sec A
Terri Bursch
Director
$0Pt VII · Sec A
Jeremy Geris
Director (beg Jul 2024)
$0Pt VII · Sec A
Carol Kraft
Director (beg Dec 2024)
$0Pt VII · Sec A
Mark Anderson
President/CEO
$0Pt VII · Sec A
See Vivie 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Knute Nelson's programs and services for seniors.

Provided by the organization

This section is blank until Vivie Foundation claims this page.

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1 program service account for $329K of program spending, described in the organization's own filed words · FY2024.
01

The Vivie Foundation supports Vivie and all related entites by securing philanthropic funds to advance our mission of "enriching the lives of everyone we serve." Generous individuals and organizations have invested in the mission of Vivie.

$329Kprogram 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
Leadingage Minnesota FoundationFY2024$400K
Fidelity Investments Charitable Gift FundFY2024$9K
East Central Regional Arts CouncilFY2024$8K
Total grants receivedfrom 3 funders$416K
See all 3 funders →
Grants paid · 11 grants · $891K · 2019–2024
Unitemized GrantFY2024$18,982
Knute NelsonMN · FY2023$121,900
Unitemized GrantFY2023$8,434
Knute NelsonMN · FY2022$84,789
Unitemized GrantFY2022$37,166
Knute NelsonMN · FY2021$217,583
Unitemized GrantFY2021$32,003
Knute NelsonMN · FY2020$174,910
Unitemized GrantFY2020$56,769
Knute NelsonMN · FY2019$121,700
Unitemized GrantFY2019$16,438

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$507K
Ln 12
Gifts and grantsLn 1h$377K
Investment incomeLn 3$120K
Other incomeLn 4–11$10K
Money outPt IX
$662K
Ln 25
Programscol B$329K
Managementcol C$333K
Owns and owesPt X
$7.5M
net assets · Ln 32
Cash and savingsLn 1–2$135K
Total assetsLn 16$7.5M
LiabilitiesLn 26$41K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$377K
Fundraising eventsLn 1c$35K
Investment incomeLn 3$120K
Other incomeLn 4–11$10K
Total revenueLn 12$507K
Assets in detailPt X, end of year
SavingsLn 2$135K
Cash and savings togetherLn 1–2$135K
InvestmentsLn 11–13$5.9M
Land, buildings, equipmentLn 10c$24K
Other assetsLn 15$1.3M
Total assetsLn 16$7.5M
LiabilitiesLn 26$41K
Net assetsLn 32$7.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6250
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$330K$135K
InvestmentsLn 11–13$3.4M$5.9M
Land, buildings, equipmentLn 10c$0$24K
Total assetsLn 16$4.0M$7.5M
LiabilitiesLn 26$63K$41K
Net assetsLn 32$3.9M$7.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$284K$284K
Grants to domestic individualsLn 2$19K$19K
Management feesLn 11a$214K$214K
Legal feesLn 11b$12K$12K
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$11K$11K
Information technologyLn 14$34K$34K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$995$995
Other expenses (24a–d)Ln 24$69K$26K$43K
All other expensesLn 24e$393$393
Total functional expensesLn 25$662K$329K$333K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $507K$662K−$155K$7.5M 990 PDF
FY2023 $646K$382K$264K$3.7M 990 PDF
FY2022 $613K$494K$119K$3.2M 990 PDF
FY2021 $430K$406K$24K$3.8M 990 PDF
FY2020 $463K$395K$68K$3.2M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $506,894 across 6 lines filed
VIII-1c Fundraising events$35,033
VIII-1f All other contributions, gifts and grants$342,016
VIII-1h Total contributions, gifts and grants$377,049
VIII-3 Investment incomeExcluded from tax $120,285$120,285
VIII-8 Net income from fundraising eventsExcluded from tax $9,560$9,560
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $129,845$506,894
Part IX · Statement of functional expenses $661,979 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $284,362$284,362
IX-2 Grants to domestic individualsPrograms $18,982$18,982
IX-11a Management feesManagement $213,996$213,996
IX-11b Legal feesManagement $11,525$11,525
IX-11g Other fees for servicesManagement $8,110$8,110
IX-12 Advertising and promotionManagement $8,472$8,472
IX-13 Office expensesManagement $11,068$11,068
IX-14 Information technologyManagement $34,048$34,048
IX-17 TravelManagement $1,100$1,100
IX-19 Conferences, conventions and meetingsManagement $995$995
IX-24 Other expenses (24a–d)Programs $25,999 · Management $42,929$68,928
IX-24e All other expensesManagement $393$393
IX-25 Total functional expensesPrograms $329,343 · Management $332,636 · Fundraising $0$661,979
Part X · Balance sheet $7,498,730 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $329,566$134,861
X-3 Pledges and grants receivableStart of year $232,594$162,164
X-9 Prepaid expenses and deferred chargesStart of year $4,125$11,955
X-10c Land, buildings and equipment, netStart of year $0$24,309
X-11 Publicly traded securitiesStart of year $3,404,029$5,864,490
X-15 Other assetsStart of year $60$1,300,951
X-16 Total assetsStart of year $3,970,374$7,498,730
X-17 Accounts payable and accrued expensesStart of year $62,795$41,266
X-26 Total liabilitiesStart of year $62,795$41,266
X-27 Net assets without donor restrictionsStart of year $3,907,579$5,955,715
X-28 Net assets with donor restrictions$1,501,749
X-32 Total net assets or fund balancesStart of year $3,907,579$7,457,464
X-33 Total liabilities and net assetsStart of year $3,970,374$7,498,730
Part XI · Reconciliation of net assets $7,457,464 net assets at year end
XI-1 Total revenue$506,894
XI-2 Total expenses$661,979
XI-3 Revenue less expenses−$155,085
XI-4 Net assets at start of year$3,907,579
XI-5 Net unrealized gains (losses) on investments$360,659
XI-9 Other changes in net assets$3,344,311
XI-10 Net assets at end of year$7,457,464

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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