R B Nordick Foundation
- Assets
- $40.9m
- Revenue
- $1.3m
- Investments
- $40.1m
- Employees
- 0
- Location
- West Fargo, ND
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 45-0442920
Organization Overview
R B Nordick Foundation is located in West Fargo, ND. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. R B Nordick 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, R B Nordick Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, R B Nordick Foundation has awarded 48 individual grants totaling $6,182,620. 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 |
|---|---|---|---|
Ralph B Nordick President (until Oct) | 3 | $0 | |
Brett A Nordick President/vice President (until Oct) | 40 | $0 | |
Erin Castagna Vice President/secretary | 20 | $0 | |
Sherri Lean Nordick Director | 1 | $0 | |
Doug Geeslin Chief Financial Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,235,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,361 |
| Capital Gain Net Income | $16,361 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,296,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,317 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $44,439 |
| Printing and publications | $130 |
| Other expenses | $17,104 |
| Total operating and administrative expenses | $193,957 |
| Contributions, gifts, grants paid | $1,160,000 |
| Total expenses and disbursements | $1,353,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $754,351 |
| 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 | $707,364 |
| Investments—other | $29,664,281 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,883,072 |
| 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, R B Nordick Foundation has awarded $1,160,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH GROWTH MINISTRIES PURPOSE: GENERAL SUPPORT | $45,000 |
CHINA HARVEST INC PURPOSE: GENERAL SUPPORT | $30,000 |
NEW INDIA EVANGELISTIC ASSOCIATION PURPOSE: GENERAL SUPPORT | $200,000 |
STRATEGIC GLOBAL ASSISTANCE INC PURPOSE: GENERAL SUPPORT | $885,000 |