North Dakota Community Foundation
- Assets
- $139.0m
- Revenue
- $20.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Bismarck, ND
- Founding
- 09/1976
- Data as of
- 12/2023
- EIN
- 45-0336015
Organization Overview
North Dakota Community Foundation is located in Bismarck, ND. The organization was established in 1976. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, North Dakota Community Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Dakota Community 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 12/2023, North Dakota Community Foundation generated $20.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $8.4m during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 9 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 2014, North Dakota Community Foundation has awarded 1,350 individual grants totaling $33,118,785. 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 IMPROVE THE QUALITY OF LIFE FOR NORTH DAKOTA'S CITIZENS THROUGH CHARITABLE GIVING AND PROMOTING PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVES ENDOWMENT GIFTS AND GRANTS AND IN TURN MAKES GRANTS AND DONATIONS IN ACCORDANCE WITH THE TERMS OF THE ENDOWMENT GRANT. THE PROGRAMS BENEFIT CITIZENS, CITIES, AND COMMUNITIES IN NORTH DAKOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Dvorak President | Officer | 40 | $202,360 |
Chris Griffin Chairman | OfficerTrustee | 1 | $0 |
Chantel Southam Vice Chair | OfficerTrustee | 1 | $0 |
Cj Hager Secr-Treas | OfficerTrustee | 1 | $0 |
Laurel Goulding Exec Comm | Trustee | 1 | $0 |
Dean Anagnost Exec Comm | Trustee | 1 | $0 |
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 | $15,878,355 |
| Noncash contributions included in lines 1a–1f | $440,699 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,878,355 |
| Total Program Service Revenue | $1,740 |
| Investment income | $3,168,343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $347,007 |
| Net Rental Income | $61,203 |
| Net Gain/Loss on Asset Sales | $777,120 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,143,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,558,287 |
| Grants and other assistance to domestic individuals. | $631,846 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $230,269 |
| Compensation of current officers, directors, key employees. | $103,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,637 |
| Pension plan accruals and contributions | $64,280 |
| Other employee benefits | $241,175 |
| Payroll taxes | $60,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,450 |
| Fees for services: Accounting | $22,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,048 |
| Advertising and promotion | $165,224 |
| Office expenses | $41,415 |
| Information technology | $51,574 |
| Royalties | $0 |
| Occupancy | $37,008 |
| Travel | $21,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $278 |
| Interest | $675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,906 |
| Insurance | $14,105 |
| All other expenses | $1,354 |
| Total functional expenses | $8,374,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,689,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,143 |
| 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 | $15,913 |
| Net Land, buildings, and equipment | $22,293 |
| Investments—publicly traded securities | $114,733,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $204,140 |
| Other assets | $306,723 |
| Total assets | $138,978,269 |
| Accounts payable and accrued expenses | $24,922 |
| Grants payable | $4,550 |
| 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 | $812,955 |
| Total liabilities | $842,427 |
| Net assets without donor restrictions | $27,700,080 |
| Net assets with donor restrictions | $110,435,762 |
| 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 | $138,978,269 |
Grants Awarded
Over the last fiscal year, North Dakota Community Foundation has awarded $4,577,099 in support to 203 organizations.
| Grant Recipient | Amount |
|---|---|
ARTHUR FIRE DEPARTMENT PURPOSE: PROGRAM SUPPORT | $196,440 |
GAIA HOME PURPOSE: PROGRAM SUPPORT | $443,801 |
CITY OF DICKINSON PURPOSE: PROGRAM SUPPORT | $161,990 |
OAK GROVE LUTHERAN SCHOOL PURPOSE: PROGRAM SUPPORT | $150,000 |
SOUTHWEST ART GALLERY AND SCIENCE C PURPOSE: PROGRAM SUPPORT | $145,716 |
MISSOURI SLOPE LUTHERAN CARE CENTER PURPOSE: PROGRAM SUPPORT | $100,000 |