Baudette Community Foundation
- Assets
- $267.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baudette, MN
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 31-1666193
Organization Overview
Baudette Community Foundation is located in Baudette, MN. The organization was established in 1999. 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. Baudette 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, Baudette Community Foundation generated $78.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $116.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THIS ORGANIZATION OPERATES AND MAINTAINS A COMMUNITY MOVIE THEATRE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hovde President | 9 | $0 | |
Jeffry Stampohar Vice-President | 9 | $0 | |
Laurie Baade Sec/treasurer | 9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,459 |
| Total Program Service Revenue | $68,978 |
| Membership dues | $0 |
| Investment income | $58 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,495 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,486 |
| Professional fees and other payments to independent contractors | $2,580 |
| Occupancy, rent, utilities, and maintenance | $19,745 |
| Printing, publications, postage, and shipping | $3,738 |
| Other expenses | $48,351 |
| Total expenses | $116,900 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $267,341 |
| Other assets | $0 |
| Total assets | $267,341 |
| Total liabilities | $77,179 |
| Net assets or fund balances | $190,162 |