Minot Area Community Foundation
- Assets
- $269.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minot, ND
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 31-1689978
Organization Overview
Minot Area Community Foundation is located in Minot, ND. The organization was established in 2000. According to its NTEE Classification (T31) the organization is classified as: Community 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. Minot Area Community 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, Minot Area Community Foundation generated $25.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.1k during the year ending 12/2021. While expenses have increased by 1.8% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
AWARD GRANTS TO CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Zimmerman President | 10 | $0 | |
Cassidy Hjelmstad Director | 1 | $0 | |
Shannon Radke Director | 1 | $0 | |
Leslie Coughlin Director | 1 | $0 | |
Emily Mackner Director | 1 | $0 | |
Jackie Thomas Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,696 |
| Gain or Loss | $2,163 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,959 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,127 |
| Total expenses | $1,127 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $215,481 |
| Other assets | $0 |
| Total assets | $269,315 |
| Total liabilities | $0 |
| Net assets or fund balances | $269,315 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Minot Area Community Foundation has recieved totaling $40,085.
| Awarding Organization | Amount |
|---|---|
The Funders Network Inc Coral Gables, FL PURPOSE: PPREP | $32,250 |
North Dakota Community Foundation Bismarck, ND PURPOSE: SUPPORT MISSION | $7,830 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yellowstone Club Community Foundaction Bozeman, MT | $7,118,258 | $8,242,753 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
Montana Community Foundation Inc Helena, MT | $124,041,175 | $24,837,343 |
North Dakota Community Foundation Bismarck, ND | $128,952,115 | $14,760,573 |
Rochester Area Foundation Rochester, MN | $45,116,721 | $11,703,419 |
Womens Foundation Of Minnesota Minneapolis, MN | $30,253,405 | $5,522,981 |
Duluth Superior Area Community Foundation Inc Duluth, MN | $108,779,368 | $11,039,912 |
Black Hills Area Community Foundation Rapid City, SD | $46,752,001 | $12,495,187 |
Oahe Foundation Pierre, SD | $25,933,233 | $2,879,958 |
Central Montana Foundation Lewistown, MT | $44,762,262 | $14,999,910 |
One Valley Community Foundation Bozeman, MT | $54,568,108 | $2,058,571 |
Park County Community Foundation Livingston, MT | $5,421,667 | $2,665,834 |