Vivie Foundation

Alexandria, MN · Supporting organization

✓ Tax-deductible
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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CVivie Foundation
EINHdr · item D41-1451486
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 1984
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CAlexandria, MN
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.knutenelson.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.50 Management & general $0.50
Program services50%$329K
Management & general50%$333K
Total functional expensesLn 25$662K

Financial health

Is it on solid ground?

Net inflow
-31%
revenue over expenses, this year▼ -648% vs prior filing year
Pass-through gifts
74%
of revenue from contributions▲ +14% vs prior filing year
Program spending
50%
of expenses reach stated programs▼ -21% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$7.5M
FY2024▲ +89%
Total assets by fiscal year
FY2020$3.3M
FY2021$3.8M
FY2022$3.3M
FY2023$3.7M
FY2023$4.0M
FY2024$7.5M
Total liabilities
$41K
FY2024▼ -34%
Total liabilities by fiscal year
FY2020$80K
FY2021$75K
FY2022$78K
FY2023$195
FY2023$63K
FY2024$41K
Revenue less expensesPt I · Ln 19−$155K
Total assetsPt X · Ln 16$7.5M
Program-expense ratioPt IX · col B50%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$135K
Total assetsLn 16$7.5M
Total liabilitiesLn 26$41K
Total net assetsLn 32$7.5M
Months of cash on handcomputed2.4

Statement of Revenue

Part VIII
Contributions & grants$377K · 74%
Investment income$120K · 24%
Other revenue$10K · 2%
Contributions & grants74%$377K
Investment income24%$120K
Other revenue2%$10K
Total revenueLn 12$507K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.0M · Operating expenses/yr $662K
108.8 months
Where the money goes
Program services
Program services $329K · Total expenses $662K
50%
Management & General
Management & general $333K · Total expenses $662K
50%
Fundraising
Fundraising $0 · Total expenses $662K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $337K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $377K · Total revenue $507K
74%
Government reliance
Government grants — · Total revenue $507K
—
Earned-income share
Program service revenue $0 · Total revenue $507K
0%
Investment reliance
Investment income $120K · Total revenue $507K
+24%
Program self-sufficiency
Program service revenue $0 · Total expenses $662K
0%
Growth & trend
Revenue growth (YoY)
This year $507K · Prior year $209K
+142%
Revenue CAGR
FY2019 $463K · FY2024 $507K
+2%
Net-asset trend (YoY)
End of year $7.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $507K · Expenses $662K
-31%
Liabilities-to-Assets
Total liabilities — · Total assets $7.5M
—
Net-asset ratio
Net assets $7.5M · Total assets $7.5M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.9M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7.5M
78%
People & payroll
Highest Reported Total Compensation
Individual Richard Moen · Reported title Chair · Highest reported compensation $0 · Total expenses $662K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $662K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 50%——
Overhead ratio 50%——
Fundraising cost ratio 0%——
Revenue growth 142%——
Legal fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (beg Jul 2024)
$0Pt VII · Sec A
Director (beg Dec 2024)
$0Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
See Vivie Foundation executive salaries →

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

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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Mission & Programs · Part III

Where the work happens

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
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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $507K$662K+142% 990 PDF
FY2023 $646K$382K+5% 990 PDF
FY2022 $613K$494K+43% 990 PDF
FY2021 $430K$406K-7% 990 PDF
FY2020 $463K$395K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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