Nonprofit · EIN 83-0545356
BELIEVE FOUNDATION
Tax-exempt · WAYZATA, MN 55391
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $54,970 | $1,127,141 | -$1,072,171 | $10,819 | $0 | $10,819 |
| December 31, 2024 | 990 | $532,986 | $385,320 | $147,666 | $1,060,637 | $7,015 | $1,053,622 |
| December 31, 2023 | 990 | $618,706 | $382,053 | $236,653 | $857,311 | $25,456 | $831,855 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $46,881
- Program service revenue
- $0
- Investment income
- $8,089
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,115,559
- Other salaries and wages
- $1,533
- Salaries, compensation and benefits (total)
- $1,650
- Professional fundraising fees
- $0
- Legal fees
- $2,500
- Accounting fees
- $1,850
- Program services (functional)
- $1,115,559
- Management and general (functional)
- $11,582
Balance sheet and other
- Total assets, start of year
- $1,060,637
- Total assets, end of year
- $10,819
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,819
- Gross receipts
- $54,970
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2018
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLARK GASSEN | PRESIDENT/CHAIR Officer | 1 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLARK GASSEN | PRESIDENT/CHAIR Trustee or director, Officer | 1 | $0 |
| ASHOK DHARIWAL | TREASURER Trustee or director, Officer | 1 | $0 |
| KELLY MCDYRE | DIRECTOR Trustee or director | 1 | $0 |
| MATT GASSEN | DIRECTOR Trustee or director | 1 | $0 |
| GREG SOULE | DIRECTOR Trustee or director | 1 | $0 |
| KURT VICKMAN | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN WRIGHT | DIRECTOR Trustee or director | 1 | $0 |
| DAVID GIGERICH | DIRECTOR Trustee or director | 1 | $0 |
| ANGELA HATCHER | EXEC DIRECTOR/SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLARK GASSEN | PRESIDENT/CHAIR Trustee or director, Officer | 1 | $0 |
| ASHOK DHARIWAL | TREASURER Trustee or director, Officer | 1 | $0 |
| KELLY MCDYRE | DIRECTOR Trustee or director | 1 | $0 |
| MATT GASSEN | DIRECTOR Trustee or director | 1 | $0 |
| REV DR JOHN F ROSS | DIRECTOR Trustee or director | 1 | $0 |
| GREG SOULE | DIRECTOR Trustee or director | 1 | $0 |
| KURT VICKMAN | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN WRIGHT | DIRECTOR Trustee or director | 1 | $0 |
| DAVID GIGERICH | DIRECTOR Trustee or director | 1 | $0 |
| ANGELA HATCHER | EXEC DIRECTOR/SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 415 LAKE ST E, WAYZATA, MN 55391-1610
- In care of
- % CLARK GASSEN
- Principal officer (990 for 2025)
- CLARK GASSEN, 415 LAKE STREET EAST, WAYZATA, MN 55391
- Signed the 990
- CLARK GASSEN, PRESIDENT/FOUNDER
- Phone
- (612) 564-6930
- Website
- WWW.THEBELIEVEFOUNDATION.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE BELIEVE FOUNDATION HELPS GRIEVING FAMILIES IN MINNESOTA FACING HARDSHIP AFTER THE DEATH OF THEIR CHILD BY PROVIDING IMMEDIATE AND PRACTICAL FINANCIAL ASSISTANCE AND PARTNERING WITH OTHER ORGANIZATIONS TO OFFER ONGOING EMOTIONAL SUPPORT AND HEALING.
Program accomplishments
- THE BELIEVE FOUNDATION HELPS GRIEVING FAMILIES IN MINNESOTA FACING HARDSHIP AFTER THE DEATH OF THEIR CHILD BY PROVIDING IMMEDIATE AND PRACTICAL FINANCIAL ASSISTANCE AND PARTNERING WITH OTHER ORGANIZATIONS TO OFFER ONGOING EMOTIONAL SUPPORT AND HEALING. WE ALSO, TRANSFERRED MOST OF OUR EXISTING ASSETS TO THE CHILD LOSS FOUNDATION TO CONTINUE OUR FOUNDATIONS GIFTING IN THIS AREA.Expenses $1,115,559 · grants $1,115,559
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-0545356
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $10,819
- Income (IRS master file)
- $54,970
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $54,970 | $1,127,141 | $10,819 | XML |
| 990 | December 2024 | $532,986 | $385,320 | $1,060,637 | XML |
| 990 | December 2023 | $618,706 | $382,053 | $857,311 | XML |
| 990 | December 2022 | $537,794 | $353,249 | $550,685 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-0545356).
Questions about BELIEVE FOUNDATION
- What is the EIN of BELIEVE FOUNDATION?
- The employer identification number (EIN) of BELIEVE FOUNDATION is 83-0545356.
- Is BELIEVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to BELIEVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BELIEVE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BELIEVE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BELIEVE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BELIEVE FOUNDATION?
- The 990 for the year ended December 31, 2025 names CLARK GASSEN.
- Who are the officers and directors of BELIEVE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does BELIEVE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $54,970, expenses of $1,127,141 and total assets of $10,819 at year end.
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