Sunrise Foundation Inc
- Assets
- $3.6m
- Revenue
- $216.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Bowman, ND
- Founding
- 03/1986
- Data as of
- 12/2021
- EIN
- 45-0385091
Organization Overview
Sunrise Foundation Inc is located in Bowman, ND. The organization was established in 1986. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunrise Foundation Inc 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, Sunrise Foundation Inc generated $216.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $87.5k during the year ending 12/2021. While expenses have increased by 11.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE AND SUPPORT TO ALL ASPECTS OF HEALTHCARE IN OUR SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED TO RAISE AND INVEST FUNDS TO SUPPORT THE MEDICAL NEEDS OF THE COMMUNITY OF BOWMAN, NORTH DAKOTA, AND THE SURROUNDING RURAL SERVICE AREA. THE FOUNDATION PROVIDES SIGNIFICANT FINANCIAL SUPPORT TO THE LOCAL HOSPITAL AND NURSING HOME AS WELL AS SUPPORTING THE PARAMEDIC AND AMBULANCE SERVICES OF THE LOCAL AND SURROUNDING COMMUNITIES. DURING 2021, SOUTHWEST HEALTHCARE SERVICES WAS AWARDED $24,000 FOR PHYSICIAN RECRUITMENT.
THE SUNRISE FOUNDATION AWARDED SCHOLARSHIPS TO AREA COLLEGE STUDENTS PURSUING A DEGREE IN HEALTHCARE. ELIGIBLE APPLICANTS MUST HAVE COMPLETED THEIR FRESHMAN YEAR OF COLLEGE AND HAVE BEEN OFFICIALLY ACCEPTED INTO THEIR PROGRAM OF STUDY. THE SUNRISE FOUNDATION ACCEPTED APPLICATIONS FROM STUDENTS ORIGINALLY FROM BOWMAN COUNTY, SLOPE COUNTY, HARDING COUNTY, AND WESTERN ADAMS COUNTY. LOAN REPAYMENTS ARE ALSO OFFERED TO CURRENT EMPLOYEES OF SOUTHWEST HEALTHCARE SERVICES WHO HAVE BEEN EMPLOYED FOR AT LEAST 1 YEAR. SUNRISE FOUNDATION ALSO STARTED A NEW SCHOLARSHIP IN 2019 FOR GRADUATING HIGH SCHOOL SENIORS GOING INTO THE HEALTHCARE FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbi Narum Foundation Director (jan - Nov) | Officer | 20 | $18,312 |
Jim Stafford Vice Chairman | OfficerTrustee | 0.2 | $0 |
Ron Palczewski Chairman | OfficerTrustee | 0.2 | $0 |
Leah Benz Treasurer | OfficerTrustee | 0.2 | $0 |
Sasha Ruggles Director | Trustee | 0.2 | $0 |
Wayne Nelson Director | Trustee | 0.2 | $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 | $84,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,597 |
| Total Program Service Revenue | $0 |
| Investment income | $35,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,000 |
| Grants and other assistance to domestic individuals. | $16,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,312 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $400 |
| Payroll taxes | $3,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,183 |
| Fees for services: Other | $0 |
| Advertising and promotion | $501 |
| Office expenses | $2,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,300 |
| Travel | $101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $604 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84 |
| Insurance | $0 |
| All other expenses | $2,088 |
| Total functional expenses | $87,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,840 |
| Pledges and grants receivable | $1,044 |
| Accounts receivable, net | $6,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,571 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,261 |
| Investments—publicly traded securities | $3,512,869 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,636,204 |
| Accounts payable and accrued expenses | $3,426 |
| Grants payable | $10,300 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,007,133 |
| 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 | $1,020,859 |
| Net assets without donor restrictions | $826,182 |
| Net assets with donor restrictions | $1,789,163 |
| 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 | $3,636,204 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sunrise Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Franklin Philanthropic Foundation Chicago, IL PURPOSE: UNRESTRICTED | $2,000 |
Endowment Analysis
| Beg. Balance | $1,929,796 |
| Earnings | $116,123 |
| Net Contributions | $30,000 |
| Ending Balance | $2,075,919 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eh Services Inc Saint Paul, MN | $3,146,077 | $4,831,668 |
South Dakota Lions Eye And Tissue Bank Inc Sioux Falls, SD | $6,657,515 | $6,770,090 |
Independent Living Choices Sioux Falls, SD | $4,914,691 | $4,172,485 |
South Dakota Urban Indian Health Inc Sduih Pierre, SD | $2,836,800 | $3,549,609 |
Haiti Eye Mission Fargo, ND | $23,203 | $2,068,100 |
Exercisabilities Inc Rochester, MN | $1,848,752 | $2,102,087 |
Onamia Area Assisted Living Onamia, MN | $1,634,271 | $1,367,992 |
Western Health Screening Billings, MT | $0 | $62,806 |
Magnus Veterans Foundation Dayton, MN | $4,178,612 | $582,375 |
Mercy Healthcare Foundation Valley City, ND | $5,487,502 | $459,622 |
Operation Grace Mn Eagan, MN | $56,479 | $362,309 |
Mothers Milk Bank Of Montana Missoula, MT | $77,242 | $309,570 |