St Josephs Foundation
- Assets
- $16.9m
- Revenue
- $440.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Minot, ND
- Founding
- 09/1986
- Data as of
- 06/2023
- EIN
- 36-3464642
Organization Overview
St Josephs Foundation is located in Minot, ND. The organization was established in 1986. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2023, St Josephs Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Josephs 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 06/2023, St Josephs Foundation generated $440.8k 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 $715.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, St Josephs Foundation has awarded 235 individual grants totaling $3,054,661. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HEALTHY AND SUSTAINABLE COMMUNITIES BY PROVIDING FINANCIAL GIFTS, STRENGTHENING COLLABORATIVE RELATIONSHIPS AND SUPPORTING LOCAL INITIATIVES THAT IMPACT THE MENTAL, PHYSICAL AND SPIRITUAL WELL-BEING OF RESIDENTS IN THE COUNTIES OF BOTTINEAU, BURKE, MCHENRY, MCLEAN, MOUNTRAIL, PIERCE, RENVILLE, ROLETTE, SHERIDAN, WARD AND WELLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED CASH FOR PROGRAMS IN THE COMMUNITY SERVED BY THE FOUNDATION.
DONATED CASH FOR MINISTERIAL PROGRAMS.
DONATED CASH FOR EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alecia Pulver Board Member | Trustee | 0.6 | $0 |
James English Board Member | Trustee | 0.6 | $0 |
Jane Hirst Chair | OfficerTrustee | 0.6 | $0 |
Joann Linrud Secretary | OfficerTrustee | 0.6 | $0 |
Katelyn Denne Vice Chair | OfficerTrustee | 0.6 | $0 |
Randy Hauck Treasurer | OfficerTrustee | 0.6 | $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 | $218,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,775 |
| Total Program Service Revenue | $0 |
| Investment income | $578,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$356,867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $440,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $441,077 |
| 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. | $86,800 |
| Compensation of current officers, directors, key employees. | $86,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,361 |
| Pension plan accruals and contributions | $5,600 |
| Other employee benefits | $4,716 |
| Payroll taxes | $8,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,782 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,395 |
| Office expenses | $3,246 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,408 |
| Travel | $1,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $341 |
| Insurance | $2,777 |
| All other expenses | $1,929 |
| Total functional expenses | $715,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,477 |
| Investments—publicly traded securities | $16,880,177 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,885,609 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,420 |
| Total liabilities | $5,420 |
| Net assets without donor restrictions | $15,115,608 |
| Net assets with donor restrictions | $1,764,581 |
| 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 | $16,885,609 |
Grants Awarded
Over the last fiscal year, St Josephs Foundation has awarded $108,395 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FIRSTLINK PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $6,500 |
KENMARE WHEELS & MEALS PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $7,500 |
METIGOSHE MINISTRIES PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $8,000 |
MINOT STATE UNIVERSITY PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $18,395 |
PROJECT BEE PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $10,000 |
SOURIS BASIN TRANSPORTATION PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $10,000 |