Northern Lights Foundation
- Assets
- $227.4k
- Revenue
- $264.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 38-3732809
Organization Overview
Northern Lights Foundation is located in Duluth, MN. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Lights Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Northern Lights Foundation generated $264.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $203.1k during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AIDE TO FAMILIES WITH SEVERLY ILL CHILDREN MEET DAY TO DAY EXPENSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN MAY OF EACH YEAR WE HAVE A GALA (DINNER) WITH LIVE AUCTIONS, RAFFELS TO OBTAIN FUNDS. THIS IS THE BIGGEST FUND RAISER WE DO.
IN 2023 WE GAVE OUT $81,000 IN GRANTS TO FAMILYS WHO HAD SEVERLY ILL CHILDREN TO HELP THEM WITH DAY TO LIVING EXPENSES. REVENUE INCLUDES $22,500 OF MONIES FROM SPONSORS OF THE DINNER.
INLINE MARATHON
LAKEHEAD CONSTRUCTORS GOLF OUTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Larson President | Officer | 30 | $0 |
Michael Larson Vice-President | Officer | 10 | $0 |
Patrice Bjorklund Boad Member | Trustee | 4 | $0 |
Andrea Engstrom Board Member | Trustee | 2 | $0 |
Adam Krause Board Member | Trustee | 2 | $0 |
Ross Perko Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $186,138 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,196 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,334 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,131 |
| Net Income from Gaming Activities | $814 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $264,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $81,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $885 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $77,321 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,595 |
| Advertising and promotion | $120 |
| Office expenses | $10,204 |
| Information technology | $1,111 |
| Royalties | $0 |
| Occupancy | $1,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $600 |
| Interest | $103 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,910 |
| Insurance | $1,951 |
| All other expenses | $15,768 |
| Total functional expenses | $203,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,903 |
| Savings and temporary cash investments | $96,229 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $227,390 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $227,390 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $227,390 |