Agc Of North Dakota Foundation
- Assets
- $1.1m
- Revenue
- $136.0k
- Investments
- $961.2k
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 07/2015
- Data as of
- 11/2021
- EIN
- 47-2257433
Organization Overview
Agc Of North Dakota Foundation is located in Bismarck, ND. The organization was established in 2015. 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. Agc Of North Dakota 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 11/2021, Agc Of North Dakota Foundation generated $136.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $64.0k during the year ending 11/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLICIT DONATIONS FROM INDIVIDUALS THAT WILL BE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING POSTSECONDARY EDUCATION IN A CONSTRUCTION RELATED FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE CONSTRUCTION INDUSTRY BY PROVIDING SCHOLARSHIPS TO INDIVIDUALS PURSUING POSTSECONDARY EDUCATION IN A CONSTRUCTION RELATED FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Mayo Vice-Chairman | OfficerTrustee | 1 | $0 |
Paul Diederich Chairman | OfficerTrustee | 1 | $0 |
Russell Hanson Secretary / Treasurer | OfficerTrustee | 1 | $0 |
Glenn Moen Trustee | Trustee | 1 | $0 |
Scott Kringstad Trustee | Trustee | 1 | $0 |
Greg Gibb Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,070 |
| Total Program Service Revenue | $0 |
| Investment income | $10,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,603 |
| Net Income from Fundraising Events | $42,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $55,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,564 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $840 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $64,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,259 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $961,178 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,114,812 |
| Accounts payable and accrued expenses | $27,800 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,800 |
| Net assets without donor restrictions | $395,121 |
| Net assets with donor restrictions | $691,891 |
| 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 | $1,114,812 |
Endowment Analysis
| Beg. Balance | $385,725 |
| Earnings | $39,635 |
| Net Contributions | $25,000 |
| Grants | $13,250 |
| Ending Balance | $437,110 |
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|---|---|---|
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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 |