La Moure Community Development Corp
- Assets
- $1.0m
- Revenue
- $127.8k
- Investments
- $100.0k
- Employees
- 0
- Location
- LaMoure, ND
- Founding
- 07/1967
- Data as of
- 06/2023
- EIN
- 45-0308878
Organization Overview
La Moure Community Development Corp is located in LaMoure, ND. The organization was established in 1967. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. LA Moure Community Development Corp 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 06/2023, LA Moure Community Development Corp generated $127.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $79.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, LA Moure Community Development Corp has awarded 39 individual grants totaling $428,423. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST BUSINESS AND ORGANIZATIONS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS PROVIDED GRANTS OR LOW INTEREST LOANS TO ASSIST WITH ECONOMIC DEVELOPMENT IN THE COMMUNITY. DURING FY2023, THE ORGANIZATION PROVIDED ZERO INTEREST LOANS TO THE HAPPY SENIORS CLUB. THE ORGANIZATION PROMOTED THE BUSINESS ENTREPRENEURIAL NATURE FOR THE BUSINESS IN LAMOURE FOR A POSSIBLE BUSINESS VENTURE. THE ORGANIZATION ASSISTED IN BUILDING RENOVATION COSTS FOR BUILDINGS TO BRING MEDICAL SERVICES TO THE COMMUNITY. THE ORGANIZATION ALSO KEPT ASSISTING THE LOAN PAYMENT OF A NEW HARDWARE / GROCERY STORE 9 YEARS AGO BY ASSISTING IN THE 10 YEAR PAYMENT PLAN. THIS IS TO IMPROVE THE QUALITY OF LIFE AND BUSINESS IN LAMOURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Nogosek President | OfficerTrustee | 4 | $0 |
Ray Thielges Vice President | OfficerTrustee | 4 | $0 |
Vince Watkins Secretary | OfficerTrustee | 6 | $0 |
Mitch Carlson Treasurer | OfficerTrustee | 10 | $0 |
Brent Thielges Director | Trustee | 3 | $0 |
Clint Hoggarth Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $84,232 |
| 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 | $84,232 |
| Total Program Service Revenue | $0 |
| Investment income | $8,234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,705 |
| Net Rental Income | $10,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,892 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $88 |
| Office expenses | $176 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,350 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,254 |
| Insurance | $4,323 |
| All other expenses | $0 |
| Total functional expenses | $79,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $175,446 |
| 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 | $9,182 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $747,009 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,031,637 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $45,188 |
| 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 | $355,073 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $400,261 |
| Net assets without donor restrictions | $524,466 |
| Net assets with donor restrictions | $106,910 |
| 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 | $1,031,637 |
Grants Awarded
Over the last fiscal year, La Moure Community Development Corp has awarded $46,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE LOBOES BRIGHT BEGINNINGS PURPOSE: Business Start-Up Expenses | $10,000 |
PROFESSIONAL EYECARE PURPOSE: Business Start-Up Expenses | $10,000 |
LAMOURE LIONS CLUB PURPOSE: Renovation to Local Track | $26,000 |