Bismarck-Mandan Chamber Foundation
- Assets
- $797.1k
- Revenue
- $225.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 26-3807225
Organization Overview
Bismarck-Mandan Chamber Foundation is located in Bismarck, ND. The organization was established in 2010. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bismarck-Mandan Chamber 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, Bismarck-Mandan Chamber Foundation generated $225.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.3%) each year. All expenses for the organization totaled $27.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (29.7%) per year over the past 7 years. 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
THE PURPOSE OF THE FOUNDATION IS TO PROVIDE CHARITABLE SERVICES TO THE COMMUNITIES OF BISMARCK/MANDAN NORTH DAKOTA BY WORKING IN CONJUNCTION WITH THE BISMARCK-MANDAN CHAMBER OF COMMERCE, A SEPARATE 501(C)(6) ENTITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH FLOW MANAGER AND COORDINATOR FOR THE LOAN PAYOFF OF THE COMMUNITY BOWL WHICH IS A GOVERNMENT OWNED SPORTS FACILITY USED BY THE PUBLIC SCHOOLS, GOVERNMENT COLLEGE, PARK DISTRICT AND THE PUBLIC AS A WHOLE.
THE FUNDS COLLECTOR AND CONSTRUCTION EXPENSE FACILITATOR FOR THE UNIVERSAL PLAYGROUND, DOWNTOWN ART PROJECT, PUBLIC AUDITORIUM IMPROVEMENTS, SPEEDWAY CONSULTING RESEARCH AND JR ACHIEVEMENT PROGRAM IN PUBLIC SCHOOLS
THE FUND MANAGER FOR THE OFFICIAL COMMISSIONING OF THE USS - ND SUBMARINE. THE COMMISSIONING CEREMONY MARKS THE SHIPS ENTRY INTO ACTIVE SERVICE IN THE UNITED STATES NAVY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelvin Hullet President | OfficerTrustee | 1 | $0 |
David Ehlis Vice President | OfficerTrustee | 1 | $0 |
John Mongeon Treasurer | OfficerTrustee | 1 | $0 |
Jon Simmers Director | Trustee | 1 | $0 |
Dave Eckroth Director | Trustee | 1 | $0 |
Lisa Chaffee 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 | $225,051 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,051 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| 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 | $225,058 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,090 |
| 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 | $0 |
| 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 | $13,752 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $27,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,332 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $524,760 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $797,092 |
| Accounts payable and accrued expenses | $150,113 |
| 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 | $461,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $611,713 |
| Net assets without donor restrictions | $0 |
| 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 | $185,379 |
| Total liabilities and net assets/fund balances | $797,092 |
Grants Awarded
Over the last fiscal year, Bismarck-Mandan Chamber Foundation has awarded $479,990 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BISMARCK STATE COLLEGE PURPOSE: RENOVATION OF THE COMMUNITY BOWL AVAILABLE TO THE GENERAL PUBLIC | $449,070 |
MANDAN PARKS AND RECREATION DISTRICT PURPOSE: RENOVATION OF COMMUNITY BOWL AVAILABLE TO GOVT ENTITIES AND THE GENERAL PUBLIC | $30,920 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bismarck-Mandan Chamber Foundation has recieved totaling $28,300.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: ECONOMIC DEVELOPMENT | $28,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orphans Joy Inc Minneapolis, MN | $95,406 | $402,244 |
Minnesota Camp Fire Foundation Excelsior, MN | $6,404,984 | $35,680 |
Lakes Area Gymnastics Booster Club Perham, MN | $3,566,336 | $315,544 |
Realtors For Kids Inc Spearfish, SD | $81,546 | $0 |
Billings Just For Kids Billings, MT | $11,834 | $0 |
Optimist International Brookings, SD | $48,764 | $0 |
South Dakota Youth Foundation Inc Brookings, SD | $220,242 | $91,159 |
Edison Activity Council Minneapolis, MN | $90,080 | $0 |
Heart Of The City Race Burnsville, MN | $0 | $0 |
Sioux Empire Realtor For Kids Sioux Falls, SD | $42,353 | $0 |
Bismarck-Mandan Chamber Foundation Bismarck, ND | $797,092 | $225,058 |
First Interstate Banks Of Billings Centennial Youth Foundation Billings, MT | $7 | $25,000 |