The First National Bank Of Bemidji Foundation
- Assets
- $744.2k
- Revenue
- $16.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bemidji, MN
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 41-1765936
Organization Overview
The First National Bank Of Bemidji Foundation is located in Bemidji, MN. The organization was established in 1995. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. First National Bank Of Bemidji 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 12/2022, First National Bank Of Bemidji Foundation generated $16.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $32.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, First National Bank Of Bemidji Foundation has awarded 42 individual grants totaling $445,620. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul N Welle President | 1 | $0 | |
E Joseph Welle Vice President | 1 | $0 | |
Rebecca Bentfield Secretary/treasurer | 1 | $0 | |
Ron Cuperus Director | 1 | $0 | |
B Scott Curb Director | 1 | $0 | |
Dean Thompson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,000 |
| Interest on Savings | $9,772 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,772 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $209 |
| Total operating and administrative expenses | $943 |
| Contributions, gifts, grants paid | $31,250 |
| Total expenses and disbursements | $32,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $744,233 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $744,233 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The First National Bank Of Bemidji Foundation has awarded $63,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BEMIDJI CAREER ACADEMIES PURPOSE: FUNDS TO SUPPORT THE BEMIDJI CAREER ACADEMIES. | $30,000 |
BEMIDJI HIGH SCHOOL SCHOLARSHIP PURPOSE: FUNDS TO HELP SUPPORT SCHOLARSHIPS FOR BHS BUSINESS STUDENTS. | $1,000 |
FACE IT TOGETHER PURPOSE: FUNDS USED TO HOST A RECOVERY COOKOUT. | $250 |
BEMIDJI CAREER ACADEMIES PURPOSE: FUNDS TO SUPPORT THE BEMIDJI CAREER ACADEMIES | $30,000 |
BEMIDJI HIGH SCHOOL SCHOLARSHIP PURPOSE: FUNDS TO HELP SUPPORT SCHOLARSHIPS FOR BHS BUSINESS STUDENTS. | $2,000 |