Cooperstown Municipal Association
- Assets
- $1.3m
- Revenue
- $652.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Cooperstown, ND
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 45-0216804
Organization Overview
Cooperstown Municipal Association is located in Cooperstown, ND. The organization was established in 2006. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Cooperstown Municipal Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperstown Municipal Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Cooperstown Municipal Association generated $652.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $174.1k during the year ending 12/2021. While expenses have increased by 10.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY VISABILITY AND MAKE DONATIONS TO COMMUNITY FUNCTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE MONEY TO MAKE DONATIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donelda Heyerdahl Secretary-Treasurer | Officer | 5 | $3,840 |
Dan Bakken President | Officer | 0.5 | $0 |
Larry Grandalen Vice-President | Officer | 0.5 | $0 |
Pat Fritel Director | Trustee | 0.5 | $0 |
Rickey Cushman Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,217 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $600,715 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $652,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,410 |
| 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. | $2,995 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,999 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $445 |
| Payroll taxes | $2,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,469 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $660 |
| Travel | $5,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $991 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $961 |
| Insurance | $4,146 |
| All other expenses | $500 |
| Total functional expenses | $174,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,076,462 |
| Savings and temporary cash investments | $126,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $73,546 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,277,517 |
| Accounts payable and accrued expenses | $217 |
| 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 | $0 |
| Total liabilities | $217 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,277,300 |
| Total liabilities and net assets/fund balances | $1,277,517 |
Grants Awarded
Over the last fiscal year, Cooperstown Municipal Association has awarded $65,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Cooperstown, ND PURPOSE: EXPENSES | $50,000 |
CITY OF COOPERSTOWN PURPOSE: EXPENSES | $10,000 |
Hannaford, ND PURPOSE: CONSERVATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Owatonna Area Chamber Foundation Owatonna, MN | $195,093 | $449,503 |
Whitefish Thrift Haus Inc Whitefish, MT | $112,476 | $461,497 |
Missoula Community Foundation Missoula, MT | $506,830 | $579,738 |
Mille Lacs Trails Inc Aitkin, MN | $865,196 | $621,358 |
Ndn Fund Rapid City, SD | $6,707,836 | $217,223 |
Cooperstown Municipal Association Cooperstown, ND | $1,277,517 | $652,098 |
Itasca-Mantrap Co-Op Electricalassn Trust Park Rapids, MN | $37,042 | $0 |
Fearless Foundation Sioux Falls, SD | $177,508 | $0 |
Minnesota Knights Of Columbus Student Loan Fund Inc Belle Plaine, MN | $2,205,246 | $102,565 |
Fairfield Education And Community Association Fairfield, MT | $572,259 | $152,634 |
Achievement Unlimited Foundation Fargo, ND | $1,158,581 | $84,560 |
Gackle Community Boosters Gackle, ND | $5,884 | $0 |