Bismarck State College Innovations Foundation
- Assets
- $440.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Bismarck, ND
- Founding
- Data as of
- 06/2022
- EIN
- 82-4029826
Organization Overview
Bismarck State College Innovations Foundation is located in Bismarck, ND. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Bismarck State College Innovations 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 06/2022, Bismarck State College Innovations Foundation generated $12.5k in total revenue. All expenses for the organization totaled $155.1k during the year ending 06/2022.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DURING THE YEAR WE CLOSELY MONITORED OUR OPERATIONS, OUR GOVERNMENTAL GUIDANCE AND RESTRICTIONS, THE CHANGING NEEDS OF INDUSTRY, AND ARE ACTIVELY WORKING TO ADDRESS ECONOMIC WORKFORCE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelvin Hullet President | 0.3 | $0 | |
David Farnsworth Vice President | 0.3 | $0 | |
Sonya Koble Secretary/treasurer | 2 | $0 | |
David Clark Trustee | 0.3 | $0 | |
Paul Sukut Trustee | 0.3 | $0 | |
David Goodin Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,539 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $12,539 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,219 |
| Professional fees and other payments to independent contractors | $58,812 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $29 |
| Other expenses | $52,016 |
| Total expenses | $155,076 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $417,395 |
| Other assets | $0 |
| Total assets | $440,715 |
| Total liabilities | $29,148 |
| Net assets or fund balances | $411,567 |