R B Nordick Foundation
- Assets
- $40.9m
- Revenue
- $1.1m
- Investments
- $38.9m
- Employees
- 0
- Location
- West Fargo, ND
- Founding
- 03/1996
- Data as of
- 12/2021
- 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 12/2021, R B Nordick Foundation generated $1.1m 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 (33.6%) each year. All expenses for the organization totaled $896.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, R B Nordick Foundation has awarded 44 individual grants totaling $5,022,620. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph B Nordick President | 3 | $0 | |
Doug Geeslin Chief Financial Officer | 1 | $0 | |
Brett A Nordick Vice President | 40 | $0 | |
Sherri Lean Nordick Director | 1 | $0 | |
Erin Castagna Secretary | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,166,963 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$140,348 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,077,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,208 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,555 |
| Printing and publications | $310 |
| Other expenses | $5,986 |
| Total operating and administrative expenses | $161,244 |
| Contributions, gifts, grants paid | $735,000 |
| Total expenses and disbursements | $896,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,035,983 |
| 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 | $1,193,454 |
| Investments—other | $26,822,646 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,940,413 |
| 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 $735,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC PURPOSE: GENERAL SUPPORT | $385,000 |
Orlando, FL PURPOSE: GENERAL SUPPORT | $350,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sibley Medical Center Arlington, MN | $31,684,088 | $18,300,359 |
Be The Match Foundation Minneapolis, MN | $21,284,478 | $21,167,274 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Northeast Montana Stat Air Ambulance Cooperative Glasgow, MT | $11,049,556 | $4,122,673 |
Montana Migrant & Seasonal Farmworker Council Inc Ceta Projec Billings, MT | $811,780 | $4,741,325 |
Guardian Angels Of Elk River Inc Elk River, MN | $19,468,009 | $4,444,472 |
Prop Shop Of Eden Prairie Eden Prairie, MN | $2,074,814 | $1,983,377 |
Oakleaf Endowment & Tr For The Walker Art Center Minneapolis, MN | $0 | $3,189,170 |
Cooperative Development Fund Of Cds Eagan, MN | $866,724 | $1,248,799 |
R B Nordick Foundation West Fargo, ND | $40,940,413 | $1,077,615 |
Robert & Helen Remick Charitable Foundation Lakefield, MN | $9,445,185 | $1,603,290 |