Northland Community College Foundation is located in Thief River Falls, MN. The organization was established in 1977. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northland Community College 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 06/2021, Northland Community College Foundation generated $535.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $758.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE OPPORTUNITIES TO INVEST IN THE EDUCATIONAL EXPERIENCE OF NORTHLAND COMMUNITY AND TECHINICAL COLLEGE'S STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL SCHOLARSHIP SUPPORT AT THE NORTHLAND AND COMMUNITY TECHNICAL COLLEGE.
OPERATION AND MAINTENANCE OF TWO STUDENT HOUSING FACILITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Keith Christensen President | OfficerTrustee | 2 | $0 |
Wes Stainbrook Past President | OfficerTrustee | 2 | $0 |
Sara Olson Secretary | OfficerTrustee | 2 | $0 |
Jill Fritel Vice President | OfficerTrustee | 2 | $0 |
Jessica Schmiesing Vice President | OfficerTrustee | 2 | $0 |
Justin Brooks Treasurer | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $25,000 |
All other contributions, gifts, grants, and similar amounts not included above | $252,430 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $277,430 |
Total Program Service Revenue | $254,235 |
Investment income | $30 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $3,500 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $535,195 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $184,038 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $16,143 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $1,727 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $22,289 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $175 |
Office expenses | $1,460 |
Information technology | $17,040 |
Royalties | $0 |
Occupancy | $120,672 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $481 |
Interest | $93,022 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $256,255 |
Insurance | $26,411 |
All other expenses | $370 |
Total functional expenses | $758,535 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $105,923 |
Savings and temporary cash investments | $9,261 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $85,143 |
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 | $8,999 |
Net Land, buildings, and equipment | $3,554,751 |
Investments—publicly traded securities | $0 |
Investments—other securities | $3,903,957 |
Investments—program-related | $0 |
Intangible assets | $73,868 |
Other assets | $0 |
Total assets | $7,741,902 |
Accounts payable and accrued expenses | $7,505 |
Grants payable | $0 |
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 | $2,766,847 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $77,791 |
Total liabilities | $2,852,143 |
Net assets without donor restrictions | $1,915,070 |
Net assets with donor restrictions | $2,974,689 |
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 | $7,741,902 |
Over the last fiscal year, Northland Community College Foundation has awarded $152,154 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
NORTHLAND COMMUNITY AND TECHNICAL COLLEGE PURPOSE: USED BY THE COLLEGE TO PROVIDE SCHOLARSHIPS TO STUDENTS OF THE COLLEGE | $130,013 |
NORTHLAND COMMUNITY AND TECHNICAL COLLEGE PURPOSE: USED BY THE COLLEGE TO IMPROVE EQUIPMENT AND FACILITIES | $22,141 |
Over the last fiscal year, we have identified 7 grants that Northland Community College Foundation has recieved totaling $300,583.
Awarding Organization | Amount |
---|---|
Bill And Margaret Marvin Foundation Warroad, MN PURPOSE: PROGRAM SUPPORT | $250,000 |
Hartz Foundation Thief River Falls, MN PURPOSE: SCHOLARSHIPS | $26,800 |
Beito Foundation Thief River Falls, MN PURPOSE: SCHOLARSHIP | $11,000 |
The Northwest Minnesota Foundation Bemidji, MN PURPOSE: TRAINING & EDUCATION | $10,000 |
Dondelinger Foundation Mentor, MN PURPOSE: CHARITABLE | $1,500 |
Carl And Aune Lind Family Foundation Eden Prairie, MN PURPOSE: GENERAL | $1,250 |
Beg. Balance | $3,118,070 |
Earnings | $219,172 |
Admin Expense | $14,630 |
Ending Balance | $3,322,612 |
Organization Name | Assets | Revenue |
---|---|---|
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Und Alumni Association And Foundation Grand Forks, ND | $413,170,247 | $55,226,015 |
North Dakota State University Foundation Fargo, ND | $450,450,295 | $29,663,255 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |