C F Martell Memorial Foundation
- Assets
- $890.5k
- Revenue
- $50.2k
- Investments
- $851.9k
- Employees
- 0
- Location
- Williston, ND
- Founding
- 01/1964
- Data as of
- 07/2022
- EIN
- 45-6010183
Organization Overview
C F Martell Memorial Foundation is located in Williston, ND. The organization was established in 1964. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C F Martell Memorial 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 07/2022, C F Martell Memorial Foundation generated $50.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $51.6k during the year ending 07/2022. While expenses have increased by 0.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, C F Martell Memorial Foundation has awarded 11 individual grants totaling $168,427. 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 |
|---|---|---|---|
Name Not Listed Trustee | 3 | $9,958 | |
FR Russell Kovash Chairman | 0 | $0 | |
Robin Schmidt Director | 0 | $0 | |
Erica Johnsrud Director | 0 | $0 | |
Steve Holen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,961 |
| Capital Gain Net Income | $19,961 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,999 |
| Total Revenue | $50,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,958 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $222 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,296 |
| Contributions, gifts, grants paid | $39,285 |
| Total expenses and disbursements | $51,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187 |
| Savings and temporary cash investments | $21,529 |
| 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 | $16,840 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $121,548 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10 |
| Total assets | $890,509 |
| 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, C F Martell Memorial Foundation has awarded $39,285 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HOME ON THE RANGE PURPOSE: GENERAL OPERATIONS | $13,095 |
ST JOSEPH'S SCHOOL PURPOSE: GENERAL OPERATIONS | $13,095 |
WILMAC MULTIDISTRICT SPECIAL ED UNIT PURPOSE: GENERAL OPERATIONS | $13,095 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Ndscs Foundation Wahpeton, ND | $50,662,223 | $6,003,050 |
Tee It Up For The Troops Inc Burnsville, MN | $1,448,737 | $2,614,727 |
South Dakota Partners In Education Sioux Falls, SD | $284,473 | $2,000,094 |
Lake Area Technical College Foundation Watertown, SD | $28,796,845 | $15,847,172 |
Wasie Foundation Wayzata, MN | $17,983,117 | $1,294,062 |
Grizzly Athletic Association Missoula, MT | $3,440,288 | $1,567,594 |
Mitchell Technical Institute Foundation Mitchell, SD | $5,563,880 | $1,773,280 |
Ridgewater College Foundation Willmar, MN | $2,924,847 | $1,475,691 |