Nodak Electric Trust
- Assets
- $12.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 45-0453582
Organization Overview
Nodak Electric Trust is located in Grand Forks, ND. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Nodak Electric Trust 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, Nodak Electric Trust generated $49.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $50.2k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 5 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
NODAK ELECTRIC TRUST IS NODAK ELECTRIC COOPERATIVE MEMBERS WHO ROUND THEIR MONTHLY ELECTRIC BILL UP TO THE NEAREST DOLLAR. THOSE FUNDS ARE THEN DISBURSED TO INDIVIDUALS AND NONPROFITS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corrine Berg Director | 1 | $0 | |
Mitchell Vold Director | 1 | $0 | |
Maureen Puppe Director | 1 | $0 | |
Margaret Estvold Director | 1 | $0 | |
Wayne Reinhart Director | 1 | $0 | |
Jay Esvold Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,665 |
| 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 | $49,665 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,154 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $50,218 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,767 |
| Other assets | $0 |
| Total assets | $12,767 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,767 |
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