The Halverson Family Foundation
- Assets
- $262.3k
- Revenue
- $33.9k
- Investments
- $221.6k
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 10/2000
- Data as of
- 12/2022
- EIN
- 45-0458134
Organization Overview
The Halverson Family Foundation is located in Grand Forks, ND. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Halverson Family 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 12/2022, Halverson Family Foundation generated $33.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $17.2k during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg Halverson President & Director | 0 | $0 | |
John Halverson Vice-Pres. & Director | 0 | $0 | |
Eric Halverson Treasurer & Director | 0 | $0 | |
Leah Halverson Secretary & Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $1,118 |
| Dividends & Interest | $3,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,261 |
| Capital Gain Net Income | $4,261 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,145 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $2,155 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $17,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,728 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $221,577 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $262,305 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Halverson Family Foundation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALTRU HEALTH FOUNDATION PURPOSE: OPERATIONS | $6,000 |
BIO GIRLS INC PURPOSE: OPERATIONS | $2,000 |
DAKOTA MEDICAL FOUNDATION PURPOSE: OPERATIONS | $7,000 |