Cooperstown Municipal Association
- Assets
- $1.4m
- Revenue
- $493.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Cooperstown, ND
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 45-0216804
Organization Overview
Cooperstown Municipal Association is located in Cooperstown, ND. The organization was established in 2006. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Cooperstown Municipal Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperstown Municipal Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Cooperstown Municipal Association generated $493.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $363.2k during the year ending 12/2022. While expenses have increased by 19.1% per year over the past 8 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 2020, Cooperstown Municipal Association has awarded 15 individual grants totaling $334,781. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY VISABILITY AND MAKING DONATIONS TO COMMUNITY ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RASING MONEY THORUGH CHARITABLE GAMING TO MAKE COMMUNITY DONATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donelda Heyerdahl Secretary-Treasurer | OfficerTrustee | 5 | $1,004 |
Rickey Cushman Vice President | OfficerTrustee | 0.5 | $599 |
Pat Fritel Director | OfficerTrustee | 0.5 | $599 |
Dan Bakken Director | OfficerTrustee | 0.5 | $599 |
Larry Grandalen President | OfficerTrustee | 0.5 | $599 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $492,784 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $493,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $278,531 |
| 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. | $2,995 |
| Compensation of current officers, directors, key employees. | $2,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $265 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $660 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,018 |
| Insurance | $6,872 |
| All other expenses | $410 |
| Total functional expenses | $363,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,210,067 |
| Savings and temporary cash investments | $127,309 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,062 |
| Total assets | $1,409,438 |
| Accounts payable and accrued expenses | $727 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $727 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,407,711 |
| Total liabilities and net assets/fund balances | $1,409,438 |
Grants Awarded
Over the last fiscal year, Cooperstown Municipal Association has awarded $259,781 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF SHARON PURPOSE: New Fire Hydrant | $10,000 |
COOPERSTOWN FIRE DEPARTMENT PURPOSE: Jaws of Life | $38,200 |
COOPERSTOWN COMMUNITY ATHLETIC PURPOSE: Daycare Upgrade / Repairs / Supplies | $14,100 |
CITY OF COOPERSTOWN PURPOSE: Expenses | $47,481 |
COOPERSTOWN HOSPITAL PURPOSE: Building Fund - New Hospital | $50,000 |
COOPERSTOWN THEATRE INC PURPOSE: Upgrade Equipment | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missoula Community Foundation Missoula, MT | $894,957 | $1,346,209 |
Ndn Fund Rapid City, SD | $10,076,823 | $1,858,445 |
Whitefish Thrift Haus Inc Whitefish, MT | $195,974 | $611,701 |
Cooperstown Municipal Association Cooperstown, ND | $1,409,438 | $493,602 |
Mille Lacs Trails Inc Aitkin, MN | $985,486 | $228,217 |
Owatonna Area Chamber Foundation Owatonna, MN | $619,291 | $374,223 |
Minnesota Knights Of Columbus Student Loan Fund Inc Belle Plaine, MN | $2,244,871 | $144,304 |
Itasca-Mantrap Co-Op Electricalassn Trust Park Rapids, MN | $32,671 | $0 |
Fairfield Education And Community Association Fairfield, MT | $693,767 | $196,408 |
Fearless Foundation Sioux Falls, SD | $151,293 | $0 |
Laurel Montana Community Foundation Incorporated Laurel, MT | $843,111 | $174,897 |
Achievement Unlimited Foundation Fargo, ND | $1,026,326 | $60,362 |
Live To Give Minnesota Rogers, MN | $11,437 | $71,415 |
Gackle Community Boosters Gackle, ND | $2,630 | $14,455 |