United Fund Of Fairmont Inc
- Assets
- $150.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairmont, MN
- Founding
- 08/1977
- Data as of
- 05/2024
- EIN
- 41-0961648
Organization Overview
United Fund Of Fairmont Inc is located in Fairmont, MN. The organization was established in 1977. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. United Fund Of Fairmont 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 05/2024, United Fund Of Fairmont Inc generated $106.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $110.3k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 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
2024
Describe the Organization's Program Activity:
Part 3
ALL PROGRAM SERVICE ACTIVITIES ARE DISBURSEMENTS OF AWARDS AND GRANTS TO LOCAL HEALTH AND WELFARE SERVICE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Olson Director | 0.25 | $0 | |
Jane Reiman Sec/treas Pt | 5 | $0 | |
Woody Woodward President Pt | 0.25 | $0 | |
Carrie Tonne Director | 0.25 | $0 | |
Jaime Maday Vice Preside | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,152 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $756 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,908 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,466 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,069 |
| Total expenses | $110,337 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $150,019 |
| Other assets | $0 |
| Total assets | $150,019 |
| Total liabilities | $158 |
| Net assets or fund balances | $149,861 |