North Central Bean Dealers Association
- Assets
- $250.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Thompson, ND
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 41-1717641
Organization Overview
North Central Bean Dealers Association is located in Thompson, ND. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Central Bean Dealers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, North Central Bean Dealers Association generated $85.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $75.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDING A FORUM FOR MEMBERS TO DISCUSS MATTERS OF IMPORTANCE AND TO PROVIDE EDUCATIONAL COURSES RELATIVE TO EDIBLE BEANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Fuglesten President | 1 | $0 | |
Dean Nelson Vice President | 1 | $0 | |
Brian Schanilec Director | 1 | $0 | |
David Scholand Director | 1 | $0 | |
Keaton Flanagan Director | 1 | $0 | |
Dwight Spears Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,490 |
| Total Program Service Revenue | $32,874 |
| Membership dues | $40,410 |
| Investment income | $587 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,400 |
| Total Revenue | $85,761 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,275 |
| Professional fees and other payments to independent contractors | $695 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,683 |
| Other expenses | $58,510 |
| Total expenses | $75,163 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $250,023 |
| Other assets | $0 |
| Total assets | $250,023 |
| Total liabilities | $0 |
| Net assets or fund balances | $250,023 |
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