Mdu Resources Foundation
- Assets
- $3.1m
- Revenue
- $836.2k
- Investments
- $2.2m
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 02/1984
- Data as of
- 12/2022
- EIN
- 45-0378937
Organization Overview
Mdu Resources Foundation is located in Bismarck, ND. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mdu Resources Foundation 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, Mdu Resources Foundation generated $836.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mdu Resources Foundation has awarded 20 individual grants totaling $660,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Fong Presidentdirector | 0 | $0 | |
Karl A Liepitz Vpdirector | 0 | $0 | |
Jason L Vollmer Director | 0 | $0 | |
Patrick C Darras Director | 0 | $0 | |
Trevor J Hastings Director | 0 | $0 | |
Thomas D Nosbusch Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $732,920 |
| Interest on Savings | $4,526 |
| Dividends & Interest | $63,256 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,463 |
| Capital Gain Net Income | $35,463 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $836,165 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,174 |
| Total operating and administrative expenses | $9,174 |
| Contributions, gifts, grants paid | $2,386,728 |
| Total expenses and disbursements | $2,395,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $843,840 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,235,919 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,079,759 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mdu Resources Foundation has awarded $385,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S MUSEUM OF MINOT PURPOSE: EDUCATION | $20,000 |
SECOND HARVEST - INLAND NW PURPOSE: CIVICCOMMUNITY GRANTS | $20,000 |
IDAHO FALLS AUDITORIM DISTRICT PURPOSE: CIVICCOMMUNITY GRANT | $30,000 |
MISSOURI SLOPE LUTHERAN CARE CENTER PURPOSE: CIVICCOMMUNITY GRANTS | $25,000 |
NORTH DAKOTA UNIVERSITY FOUNDATION PURPOSE: EQUIPMENT PURCHASES | $75,000 |
ST MARY'S HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $40,000 |