Verendrye Electric Trust Inc
- Assets
- $24.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Velva, ND
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 45-0442077
Organization Overview
Verendrye Electric Trust Inc is located in Velva, ND. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public 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. Verendrye Electric Trust 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, Verendrye Electric Trust Inc generated $70.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $73.3k during the year ending 12/2021. While expenses have increased by 0.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SEESCHEDULEO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Reinowski President | 1 | $75 | |
Ashley Bruner Treasurer | 1 | $75 | |
Laurie Dannewitz Secretary | 1 | $75 | |
Dave Norton Director | 1 | $75 | |
Steve Peterson Vice President | 1 | $75 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,204 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,204 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $375 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $137 |
| Other expenses | $796 |
| Total expenses | $73,307 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,971 |
| Other assets | $0 |
| Total assets | $23,971 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,971 |
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