Rural Economic Area Partnership Investment Fund Incorporated
- Assets
- $902.1k
- Revenue
- $22.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Dickinson, ND
- Founding
- 04/1998
- Data as of
- 12/2019
- EIN
- 91-1778885
Organization Overview
Rural Economic Area Partnership Investment Fund Incorporated is located in Dickinson, ND. The organization was established in 1998. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2019, Rural Economic Area Partnership Investment Fund Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Economic Area Partnership Investment Fund Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
INCREASING ECONOMIC OPPORTUNITIES IN RURAL NORTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT & LOAN PROGRAMS - LOANS PROVIDED TO SMALL BUSINESSES TO AID IN START-UP AND EXPANSION OF BUSINESSES THAT MAY NOT BE ELIGIBLE FOR REGULAR FINANCE PACKAGES. PROMOTING ECONOMIC OPPORTUNITIES IN THE CONAC AND SWREAP ZONES IN ND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Brentrup Executive Dir. | Trustee | 1 | $5,975 |
Ralph Weisenberger Vice Chairman | OfficerTrustee | 1 | $0 |
Lavonne Cameron Chairman | OfficerTrustee | 2 | $0 |
Sandy Shively Sec/treas | OfficerTrustee | 1 | $0 |
Doris Griffin Director | Trustee | 1 | $0 |
Kim Gaugler Director | Trustee | 1 | $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 | $22,387 |
| Investment income | $13 |
| 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 | $22,400 |
| 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. | $5,975 |
| Compensation of current officers, directors, key employees. | $2,987 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $816 |
| Fees for services: Management | $15,690 |
| Fees for services: Legal | $632 |
| Fees for services: Accounting | $1,826 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $575 |
| Information technology | $585 |
| 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 | $2,199 |
| All other expenses | $0 |
| Total functional expenses | $285,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,574 |
| Savings and temporary cash investments | $291,946 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $409,478 |
| 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 | $0 |
| Investments—program-related | $109,094 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $902,092 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $902,092 |
| 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 | $902,092 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rural Economic Area Partnership Investment Fund Incorporated has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
North Dakota Community Foundation Bismarck, ND PURPOSE: ND COMM INNOV GRANT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rural America Initiatives Rapid City, SD | $11,020,564 | $7,975,941 |
Western Organization Of Resource Billings, MT | $7,655,474 | $9,479,621 |
Community And Economic Development Associates Chatfield, MN | $1,658,001 | $2,830,781 |
Sharing Our Roots Northfield, MN | $1,750,092 | $967,957 |
Rural Electric Economic Development Inc Madison, SD | $44,957,084 | $2,458,763 |
South Eastern Development Foundation Sioux Falls, SD | $22,464,210 | $4,520,935 |
North Central Planning Council Devils Lake, ND | $2,034,561 | $1,088,900 |
Center For Rural Policy And Development Mankato, MN | $628,188 | $663,588 |
Big Ideas Inc New Ulm, MN | $77,922 | $540,880 |
Montana Cooperative Development Center Inc Great Falls, MT | $357,457 | $497,645 |
North Dakota Farmers Union Foundation Jamestown, ND | $258,278 | $297,826 |
Griggs-Steele Empowerment Zone Inc Finley, ND | $5,018,876 | $162,623 |