Mdu Resources Foundation
- Assets
- $4.6m
- Revenue
- $2.4m
- Investments
- $2.1m
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 02/1984
- Data as of
- 12/2021
- EIN
- 45-0378937
Organization Overview
Mdu Resources Foundation is located in Bismarck, ND. The organization was established in 1984. 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. Mdu Resources 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 12/2021, Mdu Resources Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl A Liepitz Vpdirector | 0 | $0 | |
Cory Fong Presidentdirector | 0 | $0 | |
Trevor J Hastings Director | 0 | $0 | |
Thomas D Nosbusch Director | 0 | $0 | |
Patrick C Darras Director | 0 | $0 | |
Nancy K Christenson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,269,510 |
| Interest on Savings | $161 |
| Dividends & Interest | $56,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,644 |
| Capital Gain Net Income | $51,644 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,378,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,389 |
| Total operating and administrative expenses | $8,389 |
| Contributions, gifts, grants paid | $2,087,064 |
| Total expenses and disbursements | $2,095,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,500,796 |
| Savings and temporary cash investments | $0 |
| 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 | $2,137,200 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,637,996 |
| 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, Mdu Resources Foundation has awarded $275,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Jamestown, ND PURPOSE: EDUCATION | $60,000 |
Grand Forks, ND PURPOSE: CIVICCOMMUNITY GRANT | $50,000 |
Minot, ND PURPOSE: EDUCATION | $40,000 |
IDAHO FALLS AUDITORIM DISTRICT PURPOSE: CIVICCOMMUNITY GRANT | $40,000 |
SECOND HARVEST - INLAND NW PURPOSE: CIVICCOMMUNITY GRANTS | $30,000 |
Stockton, CA PURPOSE: EDUCATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |
The Aditi Foundation Sioux Falls, SD | $272,669 | $9,625,048 |
Denny Sanford Foundation Sioux Falls, SD | $42,390,595 | $5,136,218 |
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |