Engel-Kesting Foundation
- Assets
- $1.6m
- Revenue
- $182.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Dickinson, ND
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 27-2528447
Organization Overview
Engel-Kesting Foundation is located in Dickinson, ND. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Engel-Kesting 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, Engel-Kesting Foundation generated $182.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $101.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Engel-Kesting Foundation has awarded 66 individual grants totaling $1,450,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce A Selinger Trustee | 1 | $500 | |
Daniel J Dasovick Trustee | 1 | $500 | |
Del Gab Trustee | 1 | $500 | |
Joe Pasicznyk Trustee | 1 | $500 | |
Faith Simonieg Trustee | 1 | $500 | |
Charles Odiorne Trustee | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $72,809 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,825 |
| Capital Gain Net Income | $4,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104,495 |
| Total Revenue | $182,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,956 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,596 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $101,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,374 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,579,489 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Engel-Kesting Foundation has awarded $80,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BADLANDS MINISTRIES PURPOSE: RELIGIOUS PURPOSES | $10,000 |
ASSUMPTION ABBEY PURPOSE: RELIGIOUS PURPOSES | $10,000 |
ST JOHNS LUTHERAN CHURCH PURPOSE: RELIGIOUS PURPOSES | $10,000 |
DICKINSON CATHOLIC SCHOOLS PURPOSE: EDUCATIONAL PURPOSES | $10,000 |
DICKINSON HIGH SCHOOL FOUNDATION PURPOSE: EDUCATIONAL PURPOSES | $10,000 |
ST BENEDICT'S HEALTH CENTER FOUNDAT PURPOSE: HEALTHCARE FACILITY | $10,000 |