The Halverson Family Foundation
- Assets
- $245.5k
- Revenue
- $44.3k
- Investments
- $214.9k
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 10/2000
- Data as of
- 12/2021
- 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 12/2021, Halverson Family Foundation generated $44.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $9.3k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 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 |
|---|---|---|---|
Eric Halverson Treasurer & Director | 0 | $0 | |
Gregg Halverson President & Director | 0 | $0 | |
Leah Halverson Secretary & Director | 0 | $0 | |
John Halverson Vice-Pres. & Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $1,118 |
| Dividends & Interest | $6,461 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,677 |
| Capital Gain Net Income | $11,677 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,256 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $336 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11 |
| Total operating and administrative expenses | $1,342 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $9,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,625 |
| 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 | $214,921 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $245,546 |
| 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 $8,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GREENE COUNTY TECHNICAL SCHOOL DISTRICT NO 1 PURPOSE: OPERATIONS | $2,500 |
Fargo, ND PURPOSE: OPERATIONS | $2,500 |
Mayville, ND PURPOSE: SCHOLARSHIP | $1,500 |
UNIVERSITY OF NORTH DAKOTA PURPOSE: SCHOLARSHIP | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |
Xcel Energy Foundation Minneapolis, MN | $11,307,736 | $67,424 |
Patrick & Aimee Butler Family Foundation St Paul, MN | $109,951,624 | $8,639,825 |
Bcbsm Foundation Inc St Paul, MN | $78,373,762 | $6,512,413 |
Guilder Foundation Minneapolis, MN | $118,202,897 | $10,919,444 |
Hrk Foundation St Paul, MN | $34,778,924 | $4,216,613 |
Bruno And Evelyne Betti Foundation Billings, MT | $0 | $451,341 |
Robina Foundation Minneapolis, MN | $0 | -$1,109,108 |
Harry & Jan Sweere Foundation Lakeville, MN | $78,780,881 | $4,972,499 |
Jerome Foundation Inc Saint Paul, MN | $114,397,999 | $13,691,768 |