Branching Out In New Directions Corporation
- Assets
- $12.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Golden Valley, MN
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 41-2279492
Organization Overview
Branching Out In New Directions Corporation is located in Golden Valley, MN. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public 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. Branching Out In New Directions Corporation 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 12/2022, Branching Out In New Directions Corporation generated $27.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $26.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 years. 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
2022
Describe the Organization's Program Activity:
Part 3
AWARDING SCHOLARSHIPS TO THOSE ATTENDING OR PLANNING ON ATTENDING UNIVERSITIES, COLLEGES, TRADE SCHOOL, OR OTHER INSTITUTIONS OF HIGHER LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Gainsley Corresponding Secretary | 0.5 | $0 | |
Linda Gilfix Director | 0.5 | $0 | |
Nancy Garber Director | 0.5 | $0 | |
Elaine Fink Director | 0.5 | $0 | |
Renee Kurnow Director | 0.5 | $0 | |
Gerry Feldman Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,482 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,926 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,200 |
| Other Revenue | $18 |
| Total Revenue | $27,626 |
| 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 | $750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $314 |
| Other expenses | $4,233 |
| Total expenses | $26,657 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,474 |
| Other assets | $0 |
| Total assets | $11,974 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,974 |
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|---|---|---|
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Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |
Believers Stewardship Services Inc Dubuque, IA | $18,487,302 | $3,760,622 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Caseys Charities Ankeny, IA | $167,680 | $3,051,265 |
Frances L Nelson Foundation Ltd Madison, WI | $5,074 | -$19,273 |
Laboure Society Eagan, MN | $5,263,561 | $3,075,426 |