4th Corporation
- Assets
- $2.4m
- Revenue
- $3.5m
- Investments
- $75.9k
- Employees
- 80
- Location
- New Rockford, ND
- Founding
- 04/1983
- Data as of
- 03/2023
- EIN
- 45-0367649
Organization Overview
4th Corporation is located in New Rockford, ND. The organization was established in 1983. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 03/2023, 4th Corporation employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 4th Corporation 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 03/2023, 4th Corporation generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $3.3m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
4TH CORPORATION PROVIDES SERVICES TO ADULTS WITH DEVELOPMENTAL SUPPORT. WE HOUSE 5 INDIVIDUALS IN OUR NEW ROCKFORD ICF/ID HOME, 5 INDIVIDUALS IN OUR FESSENDEN ICF/ID HOME, AND 8 IN OUR TRANSITIONAL LIVING HOME. THOSE HOMES HAVE TWENTY-FOUR-HOUR STAFF. BETWEEN THE HOURS OF 8:00 A.M. AND 4:00 P.M. MONDAY THROUGH FRIDAY, THE INDIVIDUALS OF THESE HOMES AS WELL AS INDIVIDUALS IN THE ABOVE-NAMED COMMUNITIES RECEIVE DAY SUPPORT SERVICES AT THE CENTER IN NEW ROCKFORD. WE HAVE A TOTAL OF 22 CLIENTS THAT RECEIVE DAY SUPPORT SERVICE. THE INDIVIDUALS MAY GO OUT ON JOB CREWS IN THE NEW ROCKFORD AREA OR WORK ON PRODUCTION ITEMS IN THE WORKSHOP. THE INDIVIDUALS RECEIVE A MONTHLY PAYCHECK FOR THE WORK THEY DO. THE ECONOMIC IMPACT 4TH CORPORATION HAS ON THE COMMUNITIES OF NEW ROCKFORD AND FESSENDEN IS HUGE. WE EMPLOY 46 PEOPLE BETWEEN THESE 2 SMALL COMMUNITIES. THIS ALL TIES TO OUR MISSION STATEMENT, "WE STRIVE TO PROMOTE GROWTH AND DEVELOPMENT ENABLING EACH PERSON TO FULFILL THEIR PERSONAL DREAMS."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kodi Keller Executive Director | 36 | $100,879 | |
Travis Peterson President | 0.3 | $0 | |
Kerwin Borgen Vice President | 0.3 | $0 | |
Jim Ehni Secretary | 0.3 | $0 | |
Patty Feakes Member | 0.3 | $0 | |
Joan Miller Member | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $940 |
| Interest on Savings | $7,895 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,641 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$3,321 |
| Other Income | $3,409,063 |
| Total Revenue | $3,468,218 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,879 |
| Other employee salaries and wages | $1,948,667 |
| Pension plans, employee benefits | $539,723 |
| Interest | $2,678 |
| Taxes | $294,288 |
| Depreciation | $41,648 |
| Occupancy | $53,637 |
| Travel, conferences, and meetings | $9,338 |
| Printing and publications | $0 |
| Other expenses | $321,898 |
| Total operating and administrative expenses | $3,337,019 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,337,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,763,106 |
| Net Accounts receivable | $237,628 |
| 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 | $5,792 |
| Prepaid expenses and deferred charges | $2,835 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $75,863 |
| Net Land, buildings, and equipment | $266,726 |
| Other assets | $0 |
| Total assets | $2,351,950 |
| Accounts payable and accrued expenses | $353,783 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $180,832 |
| Other liabilities | $8,009 |
| Total liabilities | $542,624 |