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 12/2022, 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 12/2022, Minot Community Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Minot Community Foundation has awarded 253 individual grants totaling $7,514,117. 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

2022

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
Reed Argent
Chairman Of The Board
$0
Ross Johnson
Finance & Investment Chair
$0
Perry Olson
Treasurer
$0
Tim Mihalick
Director
$0
Shannon Radke
Director
$0
Jackie Thomas
Director
$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$1,025,870
Noncash contributions included in lines 1a–1f $2,750
Total Revenue from Contributions, Gifts, Grants & Similar$1,025,870
Total Program Service Revenue$0
Investment income $1,009,125
Tax Exempt Bond Proceeds $0
Royalties $12,747
Net Rental Income $6,600
Net Gain/Loss on Asset Sales $68,948
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,217,446

Grants Awarded

Over the last fiscal year, Minot Community Foundation has awarded $1,215,058 in support to 49 organizations.

Grant RecipientAmount

BISHOP RYAN CATHOLIC SCHOOL

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

$9,000

CAMP OF THE CROSS

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

$17,403

BISHOP RYAN FOUNDATION

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

$10,085

CHILD EVANGELISM FELLOWSHIP INC

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

$6,691

COMPANIONS FOR CHILDREN INC

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

$9,062

CORNERSTONE PRESBYTERIAN CHURCH

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

$17,549
View Grant Profile

Peer Organizations

Organization NameAssets
Three Rivers Community Action Inc
Zumbrota, MN
$22,496,081
Community Facility Public Private Partnerships
Minnetonka, MN
$27,467,539
Montana Community Development Corporation
Missoula, MT
$18,875,682
Beacon Interfaith Housing Collaborative
Saint Paul, MN
$12,930,229
West Central Minnesota Communities Action Inc
Elbow Lake, MN
$12,153,443
Lakes And Pines Community Action Council Inc
Mora, MN
$11,033,851
St Paul Auto Dealers And District 77 Lodge Iamaw Joint Fund
Bloomington, MN
$10,355,381
Rocky Mountain Development Council Inc
Helena, MT
$12,980,509
Kootasca Community Action Inc
Grand Rapids, MN
$11,082,876
Emerge Community Development
Minneapolis, MN
$6,719,564
Southwestern Minnesota Opportunity Council Inc
Worthington, MN
$6,694,625
Western South Dakota Community Action Inc
Rapid City, SD
$5,519,387
Thunder Valley Community Development Corporation
Porcupine, SD
$14,048,128
Inter-County Community Council Inc
Oklee, MN
$4,880,577
Mankato Area Foundation
Mankato, MN
$5,788,794
Energy Cents Commit Energy Now To Survive
St Paul, MN
$4,448,738
America Indian Family Center
St Paul, MN
$3,679,374
Saint Paul Downtown Alliance
Saint Paul, MN
$2,647,222
Sioux Falls Development Foundation Inc
Sioux Falls, SD
$16,811,116
Change Starts With Me
Woodbury, MN
$2,722,088
Nacdc Financial Services Inc
Browning, MT
$3,947,819
Lake Street Council
Minneapolis, MN
$1,592,333
Banyan Foundation
Minneapolis, MN
$2,286,976
Strong Towns
Brainerd, MN
$2,342,277
A Better Place Inc
Edina, MN
$248,223

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