4th Corporation
- Assets
- $2.3m
- Revenue
- $3.8m
- Investments
- $65.0k
- Employees
- 80
- Location
- New Rockford, ND
- Founding
- 04/1983
- Data as of
- 03/2022
- EIN
- 45-0367649
Organization Overview
4th Corporation is located in New Rockford, ND. The organization was established in 1983. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 03/2022, 4th Corporation employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 4th 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 03/2022, 4th Corporation generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $3.6m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. 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
SERVE DEVELOPMENTALLY DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
4TH CORPORATION PROVIDES SERVICES TO ADULTS WITH DEVELOPMENTAL DISABILITIES. THOSE SERVICES INCLUDE RESIDENTIAL AS WELL AS DAY SUPPORT. WE HOUSE 4 INDIVIDUALS IN OUR NEW ROCKFORD ICF/ID HOME, 5 INDIVIDUALS IN OUR CARRINGTON ICF/ID HOME, 5 INDIVIDUALS IN OUR FESSENDEN ICF/ID HOME, AND 8 IN OUR TRANSITIONAL LIVING HOME. THOSE HOMES HAVE TWENTY-FOUR HOUR STAFF. BETWEEN THE HOURS OF 8:00 A.M. AND 4:00 P.M. MONDAY THROUGH FRIDAY, THE INDIVIDUALS OF THESE HOMES AS WELL AS INDIVIDUALS IN THE ABOVE NAMED COMMUNITIES RECEIVE DAY SUPPORT SERVICES AT THE CENTER IN NEW ROCKFORD. WE HAVE A TOTAL OF 25 CLIENTS THAT RECEIVE DAY SUPPORT SERVICE. THE INDIVIDUALS MAY GO OUT ON JOB CREWS IN THE NEW ROCKFORD AREA OR WORK ON PRODUCTION ITEMS IN THE WORKSHOP. THE INDIVIDUALS RECEIVE A MONTHLY PAYCHECK FOR THE WORK THEY DO. THE ECONOMIC IMPACT 4TH CORPORATION HAS ON THE COMMUNITIES OF CARRINGTON, NEW ROCKFORD, AND FESSENDEN IS HUGE. WE EMPLOY 59 PEOPLE BETWEEN THESE 3 SMALL COMMUNITIES. THIS ALL TIES TO OUR MISSION STATEMENT, "WE STRIVE TO PROMOTE GROWTH AND DEVELOPMENT ENABLING EACH PERSON TO FULFILL THEIR PERSONAL DREAMS."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kodi Keller Executive Director | Officer | 36 | $94,067 |
Travis Peterson President | OfficerTrustee | 0.3 | $0 |
Jim Ehni Secretary | OfficerTrustee | 0.3 | $0 |
Kerwin Borgen Vice President | OfficerTrustee | 0.3 | $0 |
Joan Miller Member | Trustee | 0.3 | $0 |
Patty Feakes Member | Trustee | 0.3 | $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 | $6,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,630 |
| Total Program Service Revenue | $3,826,795 |
| Investment income | $3,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $4,907 |
| Net Income from Sales of Inventory | $831 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,842,554 |
| 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. | $120,484 |
| Compensation of current officers, directors, key employees. | $120,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,178,810 |
| Pension plan accruals and contributions | $66,725 |
| Other employee benefits | $438,357 |
| Payroll taxes | $170,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,699 |
| Advertising and promotion | $2,947 |
| Office expenses | $136,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,615 |
| Travel | $2,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,311 |
| Interest | $4,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,153 |
| Insurance | $35,697 |
| All other expenses | $17,111 |
| Total functional expenses | $3,558,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,539,532 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $310,488 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,792 |
| Prepaid expenses and deferred charges | $1,181 |
| Net Land, buildings, and equipment | $348,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $64,967 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,270,699 |
| Accounts payable and accrued expenses | $365,667 |
| 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 | $218,599 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,306 |
| Total liabilities | $592,572 |
| Net assets without donor restrictions | $1,678,127 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,270,699 |
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