St Croix Valley Foundation

Tax-deductible

Hudson, WI501(c)(3)Since 1995Foundations & GrantmakersEIN 41-1817315Revenue $57.8M in FY2025

On file with the IRSscvfoundation.org1830 Hanley Rd Ste 200, 54016-9353 · Hudson, WITax-exempt since Jan 1996Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the St. Croix Valley community Foundation is to enhance the quality of life in the St. Croix Valley by: encouraging charitable giving in the Valley - building permanent funds that will provide resources for the needs of today and tomorrow. Connecting people and programs - bringing together peoples charitable interests and the funding needs to programs and organizations. Encouraging collaboration - forming partnerships and providing servant leadership through programs that enhance the quality of life in our region's distinct communities.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 180 volunteers and 8 employees.
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 $6.1M a year · 36% 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$250K
to officers and key staff · 0.6% of spending
Top officer’s pay lower than 84% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$36.6M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$57.8M
+687% vs prior year
Spent
$39.9M
To programs
98%
Net assets
$88.4M
By yearFY2020–FY2025
Revenue
$57.8M
FY2025▲ +687%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.8M
FY2021$8.3M
FY2022$14.4M
FY2023$7.4M
FY2024$7.3M
FY2025$57.8M
Expenses
$39.9M
FY2025▲ +627%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.0M
FY2021$4.1M
FY2022$6.0M
FY2023$4.7M
FY2024$5.5M
FY2025$39.9M
Net assets
$88.4M
FY2025▲ +35%
Tap a bar for its year
Net assets by fiscal year
FY2020$42.2M
FY2021$57.0M
FY2022$49.5M
FY2023$57.0M
FY2024$65.4M
FY2025$88.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1996.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $39.1M Management & general 2% · $713K Fundraising 0% · $82K

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

21 people listed on the 990; $250K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$152,741Pt VII · Sec A
VP of Finance & Operations
$97,551Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair/Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Heather Logelin’s $153K as Executive Director is at the 16th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Heather Logelin$152,741$140,099$122,283$113,545$111,693$110,659
Emily Lownsbury$97,551$91,033————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See St Croix Valley 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 15aYes

Programs and updates

Manages philanthropic assets and distributes grants and scholarships to support donors, nonprofits, and community programs across the St. Croix Valley region.

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Provided by the organization

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1 program · $39.1M · in their own filed words · FY2024
01

The ST. Croix valley foundation (SCVF) serves a six-county region across minnesota and wisconsin, stewarding nearly $125 million in philanthropic assets to address current needs and emerging challenges.

$39.1Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$11K
Grants paid · 549 grants · $50.8M · 2019–2024
National Philanthropic TrustPA · FY2024$35,000,000
Unitemized GrantFY2024$409,617
Allina Associated FoundationMN · FY2024$160,257
YMCA HudsonMN · FY2024$63,274
FamilymeansMN · FY2024$33,197
Reach Out and Read INCMA · FY2024$30,000
Reach Out and Read MinnesotaMN · FY2024$30,000
Peace Lutheran ChurchWI · FY2024$30,000
Immaculate Conception of the Blessed VirginFY2024$30,000
See all 549 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$57.8M
Ln 12
Gifts and grantsLn 1h$53.6M
Investment incomeLn 3$3.7M
Fees for servicesLn 2g$426K
Money outPt IX
$39.9M
Ln 25
Programscol B$39.1M
Managementcol C$713K
Fundraisingcol D$82K
Owns and owesPt X
$88.4M
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$125.0M
LiabilitiesLn 26$36.6M
PeoplePt VI, VII
21
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$53.6M
Noncash giftsLn 1g$42.4M
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$426K
Investment incomeLn 3$3.7M
Gains on assetsLn 7$1.4M
Total revenueLn 12$57.8M
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
InvestmentsLn 11–13$124.1M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$772K
Total assetsLn 16$125.0M
LiabilitiesLn 26$36.6M
Net assetsLn 32$88.4M
OperationsPt I, VI
EmployeesI 58
VolunteersI 6180
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$20K$23K
InvestmentsLn 11–13$98.4M$124.1M
Land, buildings, equipmentLn 10c$316$0
Total assetsLn 16$99.3M$125.0M
LiabilitiesLn 26$33.8M$36.6M
Net assetsLn 32$65.4M$88.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38.0M$38.0M
Grants to domestic individualsLn 2$410K$410K
Pay of current officers, directors and key staffLn 5$319K$106K$184K$29K
Other salaries and wagesLn 7$459K$257K$184K$18K
Pension plan contributionsLn 8$21K$12K$8K$878
Other employee benefitsLn 9$50K$19K$27K$4K
Payroll taxesLn 10$61K$29K$29K$4K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$196K$196K
Other fees for servicesLn 11g$22K$22K$200
Advertising and promotionLn 12$37K$26K$2K$9K
Office expensesLn 13$23K$18K$5K$452
Information technologyLn 14$72K$37K$32K$3K
OccupancyLn 16$29K$14K$14K$1K
TravelLn 17$5K$4K$434$170
Conferences, conventions and meetingsLn 19$34K$27K$1K$5K
Depreciation, depletion and amortizationLn 22$2K$1K$1K$97
InsuranceLn 23$10K$5K$4K$406
Other expenses (24a–d)Ln 24$35K$22K$7K$6K
Total functional expensesLn 25$39.9M$39.1M$713K$82K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $57.8M$39.9M$17.9M$88.4M 990 PDF
FY2024 $7.3M$5.5M$1.9M$65.4M 990 PDF
FY2023 $7.4M$4.7M$2.6M$57.0M 990 PDF
FY2022 $14.4M$6.0M$8.4M$49.5M 990 PDF
FY2021 $8.3M$4.1M$4.1M$57.0M 990 PDF
FY2020 $6.8M$5.0M$1.9M$42.2M 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 FY2025 990 (6 parts)
Part I · Summary $57,755,140 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,962,588$53,594,710
I-9 Program service revenuePrior year $311,714$426,437
I-10 Investment incomePrior year $1,057,952$3,735,205
I-11 Other revenuePrior year $8,048−$1,212
I-12 Total revenuePrior year $7,340,302$57,755,140
I-13 Grants and similar amounts paidPrior year $4,232,786$38,457,132
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $796,163$910,657
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $451,417$483,184
I-18 Total expensesPrior year $5,480,366$39,850,973
I-19 Revenue less expensesPrior year $1,859,936$17,904,167
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $57,755,140 across 9 lines filed
VIII-1c Fundraising events$10,219
VIII-1f All other contributions, gifts and grants$53,584,491
VIII-1g Noncash contributions (included above)$42,370,428
VIII-1h Total contributions, gifts and grants$53,594,710
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $409,246 · Unrelated business $17,191$426,437
VIII-3 Investment incomeExcluded from tax $2,307,848$2,307,848
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,427,357$1,427,357
VIII-8 Net income from fundraising eventsExcluded from tax −$1,212−$1,212
VIII-12 Total revenueRelated to mission $409,246 · Unrelated business $17,191 · Excluded from tax $3,733,993$57,755,140
Part IX · Statement of functional expenses $39,850,973 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $38,047,515$38,047,515
IX-2 Grants to domestic individualsPrograms $409,617$409,617
IX-5 Pay of current officers, directors and key staffPrograms $106,255 · Management $183,742 · Fundraising $29,317$319,314
IX-7 Other salaries and wagesPrograms $257,235 · Management $184,144 · Fundraising $17,885$459,264
IX-8 Pension plan contributionsPrograms $12,193 · Management $8,116 · Fundraising $878$21,187
IX-9 Other employee benefitsPrograms $18,804 · Management $26,608 · Fundraising $4,102$49,514
IX-10 Payroll taxesPrograms $28,845 · Management $28,964 · Fundraising $3,569$61,378
IX-11b Legal feesManagement $4,203$4,203
IX-11c Accounting feesManagement $14,370$14,370
IX-11f Investment management feesManagement $196,310$196,310
IX-11g Other fees for servicesPrograms $22,124 · Management $200$22,324
IX-12 Advertising and promotionPrograms $25,783 · Management $2,188 · Fundraising $8,667$36,638
IX-13 Office expensesPrograms $18,077 · Management $4,727 · Fundraising $452$23,256
IX-14 Information technologyPrograms $36,602 · Management $31,990 · Fundraising $3,053$71,645
IX-16 OccupancyPrograms $13,852 · Management $13,968 · Fundraising $1,333$29,153
IX-17 TravelPrograms $4,157 · Management $434 · Fundraising $170$4,761
IX-19 Conferences, conventions and meetingsPrograms $27,439 · Management $1,222 · Fundraising $5,302$33,963
IX-22 Depreciation, depletion and amortizationPrograms $1,010 · Management $1,018 · Fundraising $97$2,125
IX-23 InsurancePrograms $4,912 · Management $4,251 · Fundraising $406$9,569
IX-24 Other expenses (24a–d)Programs $21,709 · Management $6,860 · Fundraising $6,298$34,867
IX-25 Total functional expensesPrograms $39,056,129 · Management $713,315 · Fundraising $81,529$39,850,973
Part X · Balance sheet $124,997,804 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $19,865$22,660
X-3 Pledges and grants receivableStart of year $216,600$105,900
X-4 Accounts receivableStart of year $12,231$6,061
X-9 Prepaid expenses and deferred chargesStart of year $23,214$29,154
X-10c Land, buildings and equipment, netStart of year $316$0
X-11 Publicly traded securitiesStart of year $98,372,598$123,814,229
X-12 Other securities$247,629
X-15 Other assetsStart of year $620,335$772,171
X-16 Total assetsStart of year $99,265,159$124,997,804
X-17 Accounts payable and accrued expensesStart of year $139,971$152,371
X-25 Other liabilitiesStart of year $7,596$105,410
X-26 Total liabilitiesStart of year $33,830,855$36,630,574
X-27 Net assets without donor restrictionsStart of year $1,067,893$1,521,152
X-28 Net assets with donor restrictionsStart of year $64,366,411$86,846,078
X-32 Total net assets or fund balancesStart of year $65,434,304$88,367,230
X-33 Total liabilities and net assetsStart of year $99,265,159$124,997,804
Part XI · Reconciliation of net assets $88,367,230 net assets at year end
XI-1 Total revenue$57,755,140
XI-2 Total expenses$39,850,973
XI-3 Revenue less expenses$17,904,167
XI-4 Net assets at start of year$65,434,304
XI-5 Net unrealized gains (losses) on investments$4,973,111
XI-9 Other changes in net assets$55,648
XI-10 Net assets at end of year$88,367,230

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

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