Fessenden Area Community Betterment Association Inc
- Assets
- $124.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fessenden, ND
- Founding
- 03/1994
- Data as of
- 12/2023
- EIN
- 45-0411486
Organization Overview
Fessenden Area Community Betterment Association Inc is located in Fessenden, ND. The organization was established in 1994. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Fessenden Area Community Betterment Association 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 12/2023, Fessenden Area Community Betterment Association Inc generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $11.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THIS ORGANIZATION, IN VARIOUS FORMS HAS BEEN IN EXISTENCE SINCE 1965. SOME OF THE PROJECTS THAT THEY HAVE BEEN INVOLVED WITH, OVER THE YEARS, INCLUDE: A GROCERY STORE, BOWLING ALLEY & CAFC), BRINGING CABLE TV TO OUR COMMUNITY, BRINGING A GROUP HOME TO OUR COMMUNITY, RETAINING A PHARMACIST, REMODELING A VACANT BUILDING TO BRING IN A CALL CENTER THAT CURRENTLY EMPLOYS AROUND 6 PEOPLE, HELPING A LOCAL CAR REPAIR SHOP WITH A BUSINESS EXPANSION, HELPING THE SCHOOL DISTRICT REBUILD THE RUNNING TRACK FOR THE SCHOOL ATHLETES, HELPING WITH THE FINANCING OF A BUSINESS THAT BUILT A CAR WASH, HELPING WITH THE BUSINESS THAT STARTED A COMPUTER STORE, AND REMODELING A VACANT BUILDING FOR A FITNESS CENTER. REBUILT A COMMUNITY CAFE, THAT HAD BURNED DOWN AND THE PREVIOUS OWNER DECLINED TO REBUILD. OUR CURRENT PROJECT IS TO HELP THE COMMUNITY REPLACE A CAFE AND MEETING PLACE. THE CAFC) COMPLETELY BURNED ON APRIL 16, 2009. THE NEW CAFE BUILDING WITH EQUIPMENT WAS PLACED IN SERVICE ON JULY 1, 2010. IT IS BEING RENTED TO A LOCAL COUPLE WHO ARE PROVIDING OUR COMMMUNITIES WITH A LOCAL FAMILY STYLE CAFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Klein President | 1 | $0 | |
Amy Lamm Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,245 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,245 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,009 |
| Total expenses | $11,009 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,119 |
| Other assets | $0 |
| Total assets | $124,882 |
| Total liabilities | $0 |
| Net assets or fund balances | $124,882 |