Bowman County Job Development Inc
- Assets
- $1.9m
- Revenue
- $848.3k
- Investments
- $0.0
- Employees
- 17
- Location
- Bowman, ND
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 45-0426832
Organization Overview
Bowman County Job Development Inc is located in Bowman, ND. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Bowman County Job Development Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bowman County Job Development 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 12/2022, Bowman County Job Development Inc generated $848.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $568.3k during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC DEVELOPMENT IN BOWMAN COUNTY, NORTH DAKOTA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE ECONOMIC DEVELOPMENT IN THE BOWMAN COUNTY AREA
PROMOTE ECONOMIC DEVELOPMENT IN THE BOWMAN COUNTY AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Stuchl President | OfficerTrustee | 2 | $0 |
Scott Hardy Vice Preside | OfficerTrustee | 2 | $0 |
Duane Bowman Secretary | OfficerTrustee | 2 | $0 |
Kevin Bucholz Treasurer | OfficerTrustee | 2 | $0 |
Leah Benz Director | Trustee | 2 | $0 |
Alan Peters Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $266,454 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415,944 |
| Total Program Service Revenue | $169,033 |
| Investment income | $1,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $230,563 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $848,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,000 |
| Compensation of current officers, directors, key employees. | $58,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,980 |
| Pension plan accruals and contributions | $4,526 |
| Other employee benefits | $10,354 |
| Payroll taxes | $20,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $945 |
| Fees for services: Accounting | $4,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,490 |
| Advertising and promotion | $4,125 |
| Office expenses | $1,686 |
| Information technology | $5,367 |
| Royalties | $0 |
| Occupancy | $34,394 |
| Travel | $16,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,156 |
| Insurance | $9,805 |
| All other expenses | $17,701 |
| Total functional expenses | $568,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $898,725 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $850,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,819 |
| Total assets | $1,887,705 |
| Accounts payable and accrued expenses | $6,948 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $132,377 |
| Other liabilities | $0 |
| Total liabilities | $139,325 |
| Net assets without donor restrictions | $1,748,380 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,887,705 |
Grants Awarded
Over the last fiscal year, Bowman County Job Development Inc has awarded $97,577 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SILVER DOLLAR BAR & GRILL | | | $10,000 |
HANDE FINANCIAL INC | | | $20,000 |
NORTHWEST TIRE | | | $17,577 |
SMOKEHOUSE 85 | | | $30,000 |
BROSZ ENGINEERING INC | | | $10,000 |
BURIED TREASURES | | | $10,000 |