North Dakota Stockmens Foundation
- Assets
- $693.3k
- Revenue
- $94.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-3385331
Organization Overview
North Dakota Stockmens Foundation is located in Bismarck, ND. The organization was established in 2008. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Dakota Stockmens 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, North Dakota Stockmens Foundation generated $94.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $30.0k during the year ending 12/2021. 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 ENGAGE IN EDUCATIONAL, PROMOTIONAL, AND RESEARCH ACTIVITIES DEDICATED TO THE IMPROVEMENT OF THE BEEF CATTLE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NDSF PROVIDED FINANCIAL SUPPORT FOR DISASTER RELIEF IN SOUTH DAKOTA, KENTUCKY, AND KANSAS.
AWARDED TEN SCHOLARSHIPS TO STUDENTS INTERESTED IN CAREERS IN THE BEEF CATTLE INDUSTRY AND RELATED INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Rorvig President | OfficerTrustee | 2 | $0 |
Jeff Schafer Vice President | OfficerTrustee | 2 | $0 |
Julie Ellingson Sec/treas | OfficerTrustee | 4 | $0 |
Gene Heinrich Director | Trustee | 1 | $0 |
Teresa Dvorak Director | Trustee | 1 | $0 |
Jerry Effertz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $82,455 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,925 |
| Total Program Service Revenue | $0 |
| Investment income | $981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$27,696 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $6,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,389 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,238 |
| Fees for services: Other | $0 |
| Advertising and promotion | $795 |
| Office expenses | $3,384 |
| Information technology | $0 |
| 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 | $894 |
| All other expenses | $0 |
| Total functional expenses | $29,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,115 |
| Savings and temporary cash investments | $317,339 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,550 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $270,258 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $693,262 |
| Accounts payable and accrued expenses | $553 |
| 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 | $553 |
| Net assets without donor restrictions | $366,348 |
| Net assets with donor restrictions | $326,361 |
| 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 | $693,262 |
Grants Awarded
Over the last fiscal year, North Dakota Stockmens Foundation has awarded $57,408 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: DISASTER RELIEF | $14,352 |
Arvada, CO PURPOSE: DISASTER RELIEF | $14,352 |
Topeka, KS PURPOSE: DISASTER RELIEF | $14,352 |
Oklahoma City, OK PURPOSE: DISASTER RELIEF | $14,352 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Dakota Stockmens Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
North Dakota Rural Rehabilitation Corporation Bismarck, ND PURPOSE: BEEF RELIEF PROGRAM - ADDRESSING THE COVID-19 PANDEMIC IN ND | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yellowstone Club Community Foundaction Bozeman, MT | $7,118,258 | $8,242,753 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
Montana Community Foundation Inc Helena, MT | $124,041,175 | $24,837,343 |
North Dakota Community Foundation Bismarck, ND | $128,952,115 | $14,760,573 |
Rochester Area Foundation Rochester, MN | $45,116,721 | $11,703,419 |
Womens Foundation Of Minnesota Minneapolis, MN | $30,253,405 | $5,522,981 |
Duluth Superior Area Community Foundation Inc Duluth, MN | $108,779,368 | $11,039,912 |
Black Hills Area Community Foundation Rapid City, SD | $46,752,001 | $12,495,187 |
Oahe Foundation Pierre, SD | $25,933,233 | $2,879,958 |
Central Montana Foundation Lewistown, MT | $44,762,262 | $14,999,910 |
One Valley Community Foundation Bozeman, MT | $54,568,108 | $2,058,571 |
Park County Community Foundation Livingston, MT | $5,421,667 | $2,665,834 |