North Dakota Stockmens Foundation
- Assets
- $3.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 12/2008
- Data as of
- 12/2023
- 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 12/2023, North Dakota Stockmens Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 35.2% each year . All expenses for the organization totaled $121.3k during the year ending 12/2023. While expenses have increased by 33.0% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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
AWARDED TEN SCHOLARSHIPS TO STUDENTS INTERESTED IN CAREERS IN THE BEEF CATTLE INDUSTRY AND RELATED INDUSTRIES.
SUPPORT OF NORTH DAKOTA STOCKMEN'S ASSOCIATION CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Schafer President | OfficerTrustee | 2 | $0 |
Jason Leiseth Vice Preside | OfficerTrustee | 2 | $0 |
Julie Ellingson Sec/treas | OfficerTrustee | 4 | $0 |
Terrald Bang 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 | $41,530 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,095,455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,136,985 |
| Total Program Service Revenue | $0 |
| Investment income | $16,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,968 |
| Net Income from Fundraising Events | $66,351 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,230,551 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $29,383 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $3,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,902 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,527 |
| Office expenses | $14,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,487 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $281 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $614 |
| All other expenses | $0 |
| Total functional expenses | $121,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,829 |
| Savings and temporary cash investments | $82,033 |
| Pledges and grants receivable | $211,233 |
| Accounts receivable, net | $3,850 |
| 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 | $3,014,228 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $116,144 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,471,317 |
| Accounts payable and accrued expenses | $341,494 |
| 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 | $1,040,818 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,382,312 |
| Net assets without donor restrictions | $1,941,711 |
| Net assets with donor restrictions | $147,294 |
| 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 | $3,471,317 |
Grants Awarded
Over the last fiscal year, North Dakota Stockmens Foundation has awarded $57,408 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO CATTLEMENS FOUNDATI PURPOSE: DISASTER RELIEF | $14,352 |
KANSAS LIVESTOCK FOUNDATION PURPOSE: DISASTER RELIEF | $14,352 |
OKLAHOMA CATTLEMENS FOUNDATI PURPOSE: DISASTER RELIEF | $14,352 |
TEXAS & SOUTHWESTERN CATTLE PURPOSE: DISASTER RELIEF | $14,352 |