St. Croix Valley Foundation
Legal name: St Croix Valley Foundation
Nonprofit profile at a glance
- EIN
- 411817315
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Hudson, WI, US
- Phone
- 715.386.9490
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $57,755,140
- Expenses
- $39,850,973
- Assets
- $124,997,804
- Liabilities
- $36,630,574
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- HEATHER LOGELIN (EXECUTIVE DIRECTOR)
Highest reported compensation
- HEATHER LOGELIN (EXECUTIVE DIRECTOR): $177,417 total reported compensation
- EMILY LOWNSBURY (VP OF FINANCE & OPERATIONS): $102,850 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The St. Croix Valley Foundation is your trusted partner in giving—connecting generosity with the people, programs, and places that make the Valley thrive.
What it reported doing in 2024
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. The scvf manages over 500 funds and facilitates millions in annual grants, resulting in nearly $111 million in cumulative grants and scholarships. The scvf supports donors in making tax-smart, impactful gifts that benefit the region for generations, while also providing professional advisors with resources to enhance their clients' philanthropic plans. Scvf partners with nonprofits to establish and grow endowed funds, creating sustainable funding sources for vital community work. Guided by a five-year strategic plan, scvf is committed to growing long-term assets, expanding grantmaking, and fostering collaborations to maximize regional impact. With a focus on flexible legacy giving, scvf ensures enduring support for the region's changing needs and opportunities. Learn more at www.scvfoundation.org.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 78
- Accountability: 100
- Sustainability: 82
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.6%; rating input score 71
- Program expense ratio: 98%; rating input score 98
- Fundraising efficiency: $657.37 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 97.1%; rating input score 97; 31st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 31%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 3.14; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 0.7%; rating input score 80; 80th percentile among comparable filings
Growth
- Program expense growth: 24.8% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 16.4% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 10.2% per year; rating input score 100; 71st percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 10 operating locations identified
- Where the money goes: 70.6% of revenue deployed · 98% of spending went to programs
- Governance: 18 of 18 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $39.1M in reported program spending
- Leadership: top reported pay $177K · 21 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $100K reported
- Consistency: 36 of 38 current checks pass · 2 findings to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 108 filed money-flow records
- Related organizations: 107 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.