Forum Communications Foundation
- Assets
- $1.8m
- Revenue
- -$257.8k
- Investments
- $1.7m
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 11/2019
- Data as of
- 07/2023
- EIN
- 45-6012365
Organization Overview
Forum Communications Foundation is located in Fargo, ND. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forum Communications Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Forum Communications Foundation has awarded 23 individual grants totaling $373,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Marcil Preisdent | 1 | $0 | |
Jane Marcil Vice President | 1 | $0 | |
Lloyd Case Sec And Tres | 1 | $0 | |
William Marcil Jr Director | 1 | $0 | |
Debra Moorehouse Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$355,718 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$257,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,983 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,433 |
| Contributions, gifts, grants paid | $128,000 |
| Total expenses and disbursements | $130,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,052 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,744,020 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,794,072 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Forum Communications Foundation has awarded $128,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH DAKOTA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $1,500 |
MOORHEAD STATE UNIVERISTY PURPOSE: SCHOLARSHIP | $2,000 |
MARCIL CHARTIABLE FOUNDATION PURPOSE: GRANT EDUCATION | $33,000 |
UNIV OF ND PURPOSE: SCHOLARSHIP | $3,500 |
NDHSAA PURPOSE: GRANT EDUCAITON | $75,000 |
UNIV OF MN TWIN CITIES PURPOSE: SCHOLARSHIP | $1,000 |