Minot Area Community Foundation
- Assets
- $281.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minot, ND
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 31-1689978
Organization Overview
Minot Area Community Foundation is located in Minot, ND. The organization was established in 2000. 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. Minot Area 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, Minot Area Community Foundation generated $22.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.5k during the year ending 12/2022. While expenses have increased by 11.9% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
AWARD GRANTS TO CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed Argent Chairman Of The Board | 2 | $0 | |
Ross Johnson Finance And Investment Cha | 1 | $0 | |
Debbie Harris Secretary | 1 | $0 | |
Jason Zimmerman President | 10 | $0 | |
Shannon Radke Director | 1 | $0 | |
Perry Olson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,850 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,699 |
| Gain or Loss | $1,095 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,644 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,454 |
| Total expenses | $2,454 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $234,676 |
| Other assets | $0 |
| Total assets | $281,736 |
| Total liabilities | $0 |
| Net assets or fund balances | $281,736 |