Souris Valley United Way
- Assets
- $1.8m
- Revenue
- $812.5k
- Investments
- $502.3k
- Employees
- 5
- Location
- Minot, ND
- Founding
- 12/1953
- Data as of
- 01/2022
- EIN
- 45-0308679
Organization Overview
Souris Valley United Way is located in Minot, ND. The organization was established in 1953. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 01/2022, Souris Valley United Way employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Souris Valley United Way 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 01/2022, Souris Valley United Way generated $812.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $663.9k during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Souris Valley United Way has awarded 92 individual grants totaling $1,680,919. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOLICIT PLEDGES AND MAKE PAYMENTS TO QUALIFYING BENEFICIARY ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO BENEFICIARIES ARE USED TO FUND COMMUNITY BASED PROGRAMS WHICH PROVIDE SERVICES FOR EMERGENCY ASSISTANCE, FINANCIAL STABILITY, NUTRITION, PHYSICAL AND EMOTIONAL WELLNESS, SCHOOL READINESS, AND YOUTH LEADERSHIP.
CONTRIBUTIONS TO BENEFICIARIES ARE USED TO PROVIDE BOOKS TO CHILDREN IN THE SURROUNDING COMMUNITIES THROUGH THE DOLLY PARTON IMAGINATION LIBRARY.
CONTRIBUTIONS TO BENEFICIARIES ARE USED TO PROVIDE FOOD FOR CHILDREN WHO MIGHT NOT OTHERWISE HAVE FOOD OVER THE WEEKEND THROUGH THE BACKPACK BUDDIES PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Berg Executive Director | Officer | 40 | $71,375 |
Tammy Green Past President | OfficerTrustee | 1 | $0 |
Mick Kossan Treasurer | OfficerTrustee | 1 | $0 |
Heidi Llewellyn Vice President | OfficerTrustee | 1 | $0 |
Jennifer Hubrig President | OfficerTrustee | 1 | $0 |
Monica Peterson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $766,725 |
| Noncash contributions included in lines 1a–1f | $52,914 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $804,825 |
| Total Program Service Revenue | $0 |
| Investment income | $1,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,335 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $812,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $162,035 |
| 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. | $74,434 |
| Compensation of current officers, directors, key employees. | $21,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,056 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $46,130 |
| Office expenses | $3,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,154 |
| Travel | $6,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,775 |
| Insurance | $3,426 |
| All other expenses | $9,178 |
| Total functional expenses | $663,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,217 |
| Savings and temporary cash investments | $680,869 |
| Pledges and grants receivable | $74,331 |
| 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 | $15,541 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $502,261 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,311 |
| Total assets | $1,826,642 |
| Accounts payable and accrued expenses | $23,831 |
| Grants payable | $173,992 |
| 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 | $11,056 |
| Total liabilities | $208,879 |
| Net assets without donor restrictions | $183,362 |
| Net assets with donor restrictions | $1,434,401 |
| 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 | $1,826,642 |
Grants Awarded
Over the last fiscal year, Souris Valley United Way has awarded $143,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Minot, ND PURPOSE: TO ASSIST THOSE WHO HAVE UNMET BASIC HUMAN NEEDS | $38,000 |
NORTHERN PLAINS CHILD ADVOCACY PURPOSE: TO ASSIST THOSE WHO HAVE UNMET BASIC HUMAN NEEDS | $30,000 |
Minot, ND PURPOSE: TO ASSIST THOSE WHO HAVE UNMET BASIC HUMAN NEEDS | $30,000 |
Minot, ND PURPOSE: TO ASSIST THOSE WHO HAVE UNMET BASIC HUMAN NEEDS | $25,000 |
Minot, ND PURPOSE: TO ASSIST THOSE WHO HAVE UNMET BASIC HUMAN NEEDS | $10,000 |
Minot, ND PURPOSE: TO ASSIST THOSE WHO HAVE UNMET BASIC HUMAN NEEDS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Souris Valley United Way has recieved totaling $186,096.
| Awarding Organization | Amount |
|---|---|
Otto Bremer Trust St Paul, MN PURPOSE: GENERAL OPERATIONS | $30,000 |
Minot Junior Golf Association Inc Minot, ND PURPOSE: DONATION TO SUPPORT THE ORGANIZATION'S MISSION. | $28,000 |
St Josephs Community Health Foundation 06-25-98 Minot, ND PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $24,596 |
Minot Community Foundation Minot, ND PURPOSE: TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION. | $22,807 |
North Dakota Community Foundation Bismarck, ND PURPOSE: PROGRAM SUPPORT/DPIL | $15,000 |
Inspire Brands Foundation Inc Atlanta, GA PURPOSE: MISSION SUPPORT | $12,800 |
Endowment Analysis
| Beg. Balance | $525,762 |
| Earnings | $47,261 |
| Net Contributions | $10,000 |
| Grants | -$5,000 |
| Ending Balance | $578,023 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Minneapolis Jewish Federation Minneapolis, MN | $195,630,681 | $22,381,825 |
Best Buy Foundation Richfield, MN | $56,998,788 | $22,106,255 |
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
New Harmony Care Center Inc Edina, MN | $17,674,874 | $11,846,414 |
Billings Clinic Foundation Billings, MT | $116,767,576 | $17,438,060 |
United Way Of Cass-Clay Fargo, ND | $8,673,446 | $5,532,076 |
Minnesota Independence College And Community Richfield, MN | $4,038,115 | $5,662,588 |
United Way Of Central Minnesota St Cloud, MN | $5,880,588 | $4,142,317 |
United Way Of Olmsted County Inc Rochester, MN | $5,240,172 | $3,759,142 |
Jewish Federation Of Greater St Paul St Paul, MN | $18,383,479 | $4,287,337 |
Greater Mankato Area United Way Inc Mankato, MN | $3,210,164 | $3,514,806 |