North Dakota Natural Resources Trust Inc
- Assets
- $39.7m
- Revenue
- $7.8m
- Investments
- $36.3m
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 10/1987
- Data as of
- 12/2023
- EIN
- 36-3512179
Organization Overview
North Dakota Natural Resources Trust Inc is located in Bismarck, ND. The organization was established in 1987. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. North Dakota Natural Resources Trust Inc 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 12/2023, North Dakota Natural Resources Trust Inc generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $7.0m during the year ending 12/2023. While expenses have increased by 19.0% per year over the past 9 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.
Since 2015, North Dakota Natural Resources Trust Inc has awarded 209 individual grants totaling $1,151,056. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY: THE TRUST WORKS WITH ENERGY, AGRICULTURAL AND CONSERVATION PARTNERS TO COORDINATE ON ENERGY DEVELOPMENT SOLUTIONS FOR MAINTAINING NORTH DAKOTA'S NATURAL RESOURCES.
GRASSLAND AND WETLAND PROGRAMS: OFFERING PROGRAMS THAT PROVIDE INCENTIVES AND COST-SHARE TO LANDOWNERS TO ENHANCE GRASSLANDS ON THEIR PROPERTY.
MISSOURI RIVER RIPARIAN: OFFERED COORDINATION AND FINANCIAL ASSISTANCE TO LONG TERM LAND PROTECTION ALONG THE MISSOURI RIVER NORTH OF BISMARCK.
SMALL GRANT PROGRAM: OFFERING FINANCIAL ASSISTANCE TO GRANTEES THAT PROMOTE AND EDUCATE CITIZENS OF NORTH DAKOTA ABOUT THE VALUE OF THE STATE'S NATURAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Trego Executive Di | 0 | $175,472 | |
Dave Dittloff President | 0 | $0 | |
Randy Renner Vice Preside | 0 | $0 | |
Duane Hauck Treas/secr | 0 | $0 | |
Kristal Stoner Director | 0 | $0 | |
Jerry Doan Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ecological Insights | 12/30/23 | $172,594 |
Sei Investments | 12/30/23 | $164,022 |
Meadowlark Environmental Llc | 12/30/23 | $102,549 |
Audobon Great Plains | 12/30/23 | $100,000 |
Pheasants Forever | 12/30/23 | $90,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,168,861 |
| Interest on Savings | $89,621 |
| Dividends & Interest | $1,386,789 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,833 |
| Capital Gain Net Income | $46,497 |
| Net ST Capital Gain | $321,665 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $152,676 |
| Total Revenue | $7,843,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,472 |
| Other employee salaries and wages | $551,372 |
| Pension plans, employee benefits | $259,884 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $50,310 |
| Occupancy | $62,309 |
| Travel, conferences, and meetings | $79,611 |
| Printing and publications | $0 |
| Other expenses | $4,723,988 |
| Total operating and administrative expenses | $6,920,602 |
| Contributions, gifts, grants paid | $62,099 |
| Total expenses and disbursements | $6,982,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,792,564 |
| 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 | $36,256,291 |
| Net Land, buildings, and equipment | $366,488 |
| Other assets | $288,254 |
| Total assets | $39,703,597 |
| 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 | $289,525 |
| Total liabilities | $289,525 |
Grants Awarded
Over the last fiscal year, North Dakota Natural Resources Trust Inc has awarded $178,903 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AUDUBON DAKOTA PURPOSE: NATURE BASED ENGAGEMENT | $6,495 |
BISMARKET PURPOSE: ECO DAYS | $7,837 |
BOWMAN-SLOPE SCD PURPOSE: SOIL, TREES & BEES | $318 |
DAN SCHUMACHER PURPOSE: ND JR DUCK STAMP PROGRAM | $600 |
DUCKS UNLIMITED INC PURPOSE: PRAIRIE REST. & LIVESTOCK DEMO | $4,760 |
FARRMS PURPOSE: FARM ED & SOIL HEALTH | $9,900 |