Minot Community Foundation

Organization Overview

Minot Community Foundation is located in Minot, ND. The organization was established in 2002. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Minot Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minot Community 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 12/2021, Minot Community Foundation generated $16.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Minot Community Foundation has awarded 234 individual grants totaling $7,174,794. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT AND IMPROVE PUBLIC WELL-BEING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AWARD GRANTS TO PUBLIC AND CHARITABLE ORGANIZATIONS AND INDIVIDUALS.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Zimmerman
President
$94,725
Ross Johnson
Finance & Investment Chair
$0
Reed Argent
Chairman Of The Board
$0
Perry Olson
Treasurer
$0
Tom Probst
Vice Chairman
$0
Debbie Harris
Secretary
$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$15,436,913
Noncash contributions included in lines 1a–1f $2,750
Total Revenue from Contributions, Gifts, Grants & Similar$15,436,913
Total Program Service Revenue$0
Investment income $604,396
Tax Exempt Bond Proceeds $0
Royalties $9,415
Net Rental Income $6,600
Net Gain/Loss on Asset Sales $724,990
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,782,314

Grants Awarded

Over the last fiscal year, Minot Community Foundation has awarded $730,078 in support to 43 organizations.

Grant RecipientAmount

MINOT PARK DISTRICT FOUNDATION

Org PageRecipient Profile

Minot, ND

PURPOSE: TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.

$125,000

DOMESTIC VIOLENCE CRISIS CENTER INC

Org PageRecipient Profile

Minot, ND

PURPOSE: TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.

$47,410

Minot, ND

PURPOSE: TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.

$38,101

MINOT COMMISSION ON AGING

PURPOSE: TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.

$36,499

BISHOP RYAN CATHOLIC SCHOOL

Org PageRecipient Profile

Minot, ND

PURPOSE: TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.

$32,500

OUR REDEEMERS CHRISTIAN SCHOOL

PURPOSE: TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.

$28,131
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Minot Community Foundation has recieved totaling $3,000.

Awarding OrganizationAmount
Xcel Energy Foundation

Minneapolis, MN

PURPOSE: 2020 EDUCATION GRANT

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$21,428,801
Earnings$2,906,490
Net Contributions$15,225,881
Other Expense$974,145
Ending Balance$38,587,027

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