Burgum Foundation
- Assets
- $3.2m
- Revenue
- $451.7k
- Investments
- $2.5m
- Employees
- 0
- Location
- Arthur, ND
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 47-5349180
Organization Overview
Burgum Foundation is located in Arthur, ND. The organization was established in 2016. 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. Burgum 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 12/2023, Burgum Foundation generated $451.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Burgum Foundation has awarded 216 individual grants totaling $3,143,032. 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 |
|---|---|---|---|
Katherine B Itterman President/treasurer/executive Director | 20 | $24,923 | |
Frederick W Burgum Board Chair/director | 2 | $0 | |
Brooks F Burgum Vice President/director | 0.5 | $0 | |
Jodelle J Burgum Secretary/director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,415 |
| Dividends & Interest | $199,958 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $229,168 |
| Capital Gain Net Income | $229,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $182 |
| Total Revenue | $451,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,923 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,907 |
| Interest | $0 |
| Taxes | $1,378 |
| Depreciation | $0 |
| Occupancy | $32,387 |
| Travel, conferences, and meetings | $572 |
| Printing and publications | $0 |
| Other expenses | $436 |
| Total operating and administrative expenses | $117,640 |
| Contributions, gifts, grants paid | $965,004 |
| Total expenses and disbursements | $1,082,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $706,166 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $183 |
| Total assets | $3,223,353 |
| 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, Burgum Foundation has awarded $965,004 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ANNE CARLSON CENTER PURPOSE: EDUCATIONAL MATERIALS | $40,701 |
CENTRAL CASS PUBLIC SCHOOL PURPOSE: TUITION SUPPORT | $38,775 |
BILL OF RIGHTS INSTITUTE PURPOSE: ND PROGRAMMING | $50,054 |
DICKINSON PUBLIC SCHOOL PURPOSE: FSCS CONSORTIUM | $15,219 |
ENDERLIN PUBLIC SCHOOL PURPOSE: SCHOOL BASED BEHAVIORAL HEALTH SERVICE | $17,200 |
EMERGING PRAIRIE PURPOSE: TEDX | $7,500 |