Dakota College At Bottineau Foundation
- Assets
- $4.0m
- Revenue
- $663.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bottineau, ND
- Founding
- 07/1984
- Data as of
- 06/2022
- EIN
- 36-3291678
Organization Overview
Dakota College At Bottineau Foundation is located in Bottineau, ND. The organization was established in 1984. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota College At Bottineau 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 06/2022, Dakota College At Bottineau Foundation generated $663.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $458.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE QUALITY HIGHER EDUCATION AND OFFER FINANCIAL PROGRAM DEVELOPMENT SUPPORT TO STUDENTS, FACULTY AND STAFF MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL PROGRAM DEVELOPMENT SUPPORT FOR DAKOTA COLLEGE AT BOTTINEAU THROUGH GRANTS, STUDENT SCHOLARSHIPS AND RECRUITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Guss Chairman | OfficerTrustee | 1 | $0 |
Jon Tofteland President | OfficerTrustee | 1 | $0 |
Trudy Marum Vice President | OfficerTrustee | 1 | $0 |
Leslie Stevens Foundation Director | Officer | 40 | $0 |
Tracy Chrisholm Director | Trustee | 1 | $0 |
Seth Serhienko Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,430 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $531,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,915 |
| Total Program Service Revenue | $0 |
| Investment income | $62,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,358 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,919 |
| Net Income from Fundraising Events | $46,359 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $663,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $301,862 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,867 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,462 |
| Fees for services: Other | $13,613 |
| Advertising and promotion | $1,992 |
| Office expenses | $24,432 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11 |
| Travel | $620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,048 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,254 |
| All other expenses | $7,431 |
| Total functional expenses | $458,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,986 |
| Savings and temporary cash investments | $1,207,315 |
| Pledges and grants receivable | $273,949 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,201,940 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,282 |
| Total assets | $3,984,472 |
| Accounts payable and accrued expenses | $4,236 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,011 |
| Total liabilities | $6,247 |
| Net assets without donor restrictions | $40,462 |
| Net assets with donor restrictions | $3,937,763 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,984,472 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Dakota College At Bottineau Foundation has recieved totaling $8,529.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $6,000 |
Blue Cross Blue Shield Of North Dakota Caring Foundation Fargo, ND PURPOSE: SCHOLARSHIPS | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Endowment Analysis
| Beg. Balance | $3,050,826 |
| Earnings | -$5,391 |
| Admin Expense | $107 |
| Net Contributions | $31,824 |
| Ending Balance | $3,077,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Ndscs Foundation Wahpeton, ND | $50,662,223 | $6,003,050 |
Tee It Up For The Troops Inc Burnsville, MN | $1,448,737 | $2,614,727 |
South Dakota Partners In Education Sioux Falls, SD | $284,473 | $2,000,094 |