Bismarck State College Innovations Foundation
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Bismarck, ND
- Founding
- Data as of
- 06/2021
- 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 06/2021, Bismarck State College Innovations Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (43.2%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (42.5%) per year over the past 2 years. 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 SUPPORT & ADVANCE BSC THROUGH HIGH QUALITY TRAINING & EDUCATION IN FOREIGN MARKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE FISCAL YEAR ENDED JUNE 30, 2021 OPERATIONS ESTABLISHED IN THE KINGDOM OF SAUDI ARABIA OPERATED TO DEVELOP SKILLED HUMAN CAPITAL AND TO BECOME A STRATEGIC PARTNER TO MANY KEY INDUSTRY PARTICIPANTS IN THE KINGDOM. AS OF THE FISCAL YEAR ENDED JUNE 30, 2021, THE LLC WILL PROVIDED THREE TYPES OF TRAINING PROGRAMS:1) A CORE DIPLOMA PROGRAM2) CERTAIN TRAINING ON A CUSTOMIZED BASIS TO BE CARRIED OUT FOR COMPANIES OR CONSTITUENCIES3) ADMINISTRATION AND MANAGEMENT OF SHORT SEMINARS OR COURSES THAT ARE STRUCTURED BY THIRD PARTIES AND WHICH MAY BE LED BY THIRD-PARTY FACULTY THE FOUNDATION WILL PROVIDE PERSONNEL, EDUCATIONAL CONTENT AND OTHER REQUIREMENTS.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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachery Allen General Manager Thru Sept 2020 | Officer | 40 | $137,610 |
Yousef Alzamil General Manager Starting Oct 2020 | Officer | 40 | $113,779 |
Sonya Koble Secretary/treasurer | OfficerTrustee | 2 | $0 |
Kelvin Hullet President | OfficerTrustee | 0.3 | $0 |
David Farnsworth Vice President | OfficerTrustee | 0.3 | $0 |
Rebecca Collins Execute Director | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,085,125 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,085,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $283,555 |
| Compensation of current officers, directors, key employees. | $283,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,543 |
| Pension plan accruals and contributions | $50,507 |
| Other employee benefits | $14,519 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,500 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,026 |
| Advertising and promotion | $0 |
| Office expenses | $3,119 |
| Information technology | $312 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,817 |
| 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 | $9,150 |
| All other expenses | $3,161 |
| Total functional expenses | $1,006,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,218,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,221 |
| 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 | $15,676 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,239,026 |
| Accounts payable and accrued expenses | $51,597 |
| 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 | $633,325 |
| Total liabilities | $684,922 |
| Net assets without donor restrictions | $554,104 |
| Net assets with donor restrictions | $0 |
| 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 | $1,239,026 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bismarck State College Innovations Foundation has recieved totaling $32,000.
| Awarding Organization | Amount |
|---|---|
Otter Tail Power Company Foundation Fergus Falls, MN PURPOSE: ENERGY SCHOLARSHIPS | $32,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wallin Education Partners St Paul, MN | $25,848,040 | $10,926,258 |
New American Development Center Minneapolis, MN | $3,930,676 | $9,122,032 |
Bluesky Charter School Bloomington, MN | $6,912,497 | $6,906,603 |
Us Math Recovery Council Eagan, MN | $3,296,483 | $6,771,005 |
Woodbury Leadership Academy Woodbury, MN | $4,350,331 | $5,912,313 |
Barr Center St Louis Park, MN | $8,287,138 | $8,108,042 |
Great Mn Schools Minneapolis, MN | $411,897 | $3,619,260 |
Morrison-Maierie Inc Group Health Plan Tr Helena, MT | $2,319,499 | $3,680,881 |
West River Foundation Sturgis, SD | $7,568,333 | $3,921,124 |
Sicangu Owayawa Oti-Rosebud Dormitory Mission, SD | $5,924,789 | $2,325,210 |
Minnesota Discovery Center Chisholm, MN | $14,909,825 | $2,716,934 |
Charlson Meadows Excelsior, MN | $72,724,132 | $4,360,065 |