Borg Pioneer Memorial Home
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 48
- Location
- Mountain, ND
- Founding
- 05/1950
- Data as of
- 12/2022
- EIN
- 45-0233749
Organization Overview
Borg Pioneer Memorial Home is located in Mountain, ND. The organization was established in 1950. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Borg Pioneer Memorial Home employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Borg Pioneer Memorial Home 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, Borg Pioneer Memorial Home generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 2.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALL ACTIVITIES CONDUCTED BY THE BORG HOME ARE IN SUPPORT OF THE LONG TERM CARE NEEDS OF ITS RESIDENTS. THERE ARE AN AVERAGE OF BETWEEN 40-45 RESIDENTS AT ALL TIMES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES CONDUCTED BY THE BORG HOME ARE IN SUPPORT OF THE LONG TERM CARE NEEDS OF ITS RESIDENTS. THERE ARE AN AVERAGE OF BETWEEN 40-50 RESIDENTS AT ALL TIMES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Steverson Administrative Director | 32 | $52,946 | |
Doug Wessels Director | Trustee | 1 | $0 |
Robert Thomasson Director | Trustee | 1 | $0 |
Craig Thorfinnson Director | Trustee | 1 | $0 |
Sandy Wright Director | Trustee | 1 | $0 |
David Hartz Vice President | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,310 |
| Related organizations | $0 |
| Government grants | $101,801 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,798 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,909 |
| Total Program Service Revenue | $1,116,427 |
| Investment income | $17,301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,039 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,310,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $52,946 |
| Compensation of current officers, directors, key employees. | $52,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $781,975 |
| Pension plan accruals and contributions | $15,808 |
| Other employee benefits | $7,296 |
| Payroll taxes | $64,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,615 |
| Fees for services: Accounting | $2,878 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,967 |
| Fees for services: Other | $0 |
| Advertising and promotion | $663 |
| Office expenses | $18,925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $284,906 |
| Travel | $4,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $471 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,125 |
| Insurance | $30,451 |
| All other expenses | $0 |
| Total functional expenses | $1,334,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,302 |
| Savings and temporary cash investments | $74,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,300 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $560,160 |
| Investments—publicly traded securities | $315,363 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $1,077,028 |
| Accounts payable and accrued expenses | $5,305 |
| 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 | $33,621 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,926 |
| 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 | $1,038,102 |
| Total liabilities and net assets/fund balances | $1,077,028 |