Garrison Area Improvement Inc
- Assets
- $1.9m
- Revenue
- $696.0k
- Investments
- $0.0
- Employees
- 20
- Location
- Garrison, ND
- Founding
- 04/1991
- Data as of
- 12/2023
- EIN
- 45-0421726
Organization Overview
Garrison Area Improvement Inc is located in Garrison, ND. The organization was established in 1991. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Garrison Area Improvement Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garrison Area Improvement Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Garrison Area Improvement Inc generated $696.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $443.5k during the year ending 12/2023. While expenses have increased by 1.9% 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, Garrison Area Improvement Inc has awarded 53 individual grants totaling $668,042. 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 AID, ASSIST, ENCOURAGE, & PROMOTE DEVELOPMENT & EXPANSION OF BUSINESS CONCERNS IN THE AREA BY MAKING PLANT OR OTHER FACILITIES AVAILABLE. THE ORGANIZATION ALSO PROVIDES GRANTS & LOANS TO NEW & EXISTING BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND EXPANSION OF BUSINESS IN THE AREA
PROVIDE ASSISTANCE TO THE NEEDY, YOUTH EDUCATIONAL ACTIVITIES, COMMUNITY EMERGENCY SERVICES, AND TO IMPROVE PUBLIC AREAS, AND PARKS AND RECREATION.
TO PROMOTE AND EXPAND ECONOMIC DEVELOPMENT AND TOURISM IN THE AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Schlichting Director | Trustee | 1 | $0 |
Michael Matteson Vice President | Trustee | 1 | $0 |
Bille Jo Iglehart Director | Trustee | 1 | $0 |
Mckaila Behles Director | Trustee | 1 | $0 |
Otto Kinn Director | Trustee | 1 | $0 |
Shannon Jeffers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,908 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,608 |
| Total Program Service Revenue | $0 |
| Investment income | $4,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,280 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $596,741 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $695,960 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $338,176 |
| Grants and other assistance to domestic individuals. | $3,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,358 |
| Payroll taxes | $3,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $884 |
| Fees for services: Accounting | $4,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $406 |
| Office expenses | $6,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,415 |
| Travel | $273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70 |
| Interest | $1,086 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,231 |
| Insurance | $6,373 |
| All other expenses | $0 |
| Total functional expenses | $443,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $724,126 |
| Savings and temporary cash investments | $631,262 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,267 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $474,504 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,309 |
| Total assets | $1,853,468 |
| Accounts payable and accrued expenses | $513 |
| Grants payable | $0 |
| 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 | $80,067 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $193,756 |
| Total liabilities | $274,336 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,579,132 |
| Total liabilities and net assets/fund balances | $1,853,468 |
Grants Awarded
Over the last fiscal year, Garrison Area Improvement Inc has awarded $175,823 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SAKAKAWEA AREA COUNCIL FOR THE ARTS PURPOSE: IMPROVEMENTS | $20,580 |
CITY OF GARRISON PURPOSE: SNOWMOBILE TRAIL UPKEEP | $6,127 |
NORTH DAKOTA PARKS & RECREATION | | | $9,300 |
THE COFFEE COOP LLC | | | $5,000 |
DICKENS VILLAGE FESTIVAL | | | $10,300 |
FORESOME | | | $30,305 |