Broadband Association Of North Dakota is located in Mandan, ND. The organization was established in 1968. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Broadband Association Of North Dakota employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadband Association Of North Dakota 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, Broadband Association Of North Dakota generated $669.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $757.3k during the year ending 12/2023. While expenses have increased by 3.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FURNISH SERVICES NECESSARY TO THE OPERATION OF COOP TELEPHONE AND COMMUNICATIONS SYSTEMS IN ND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FURNISH SERVICES INCIDENTAL AND ESSENTIAL TO THE OPERATION OF COOP TELEPHONE AND COMMUNICATIONS SYSTEMS IN NORTH DAKOTA FOR THE MEMBERS AND SUBSIDIARIES OF SUCH SYSTEMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carissa Swenson Executive Director | Officer | 40 | $148,400 |
Jan Stebbins President | OfficerTrustee | 1 | $5,600 |
Jennifer Sorenson 1st Vice President | OfficerTrustee | 1 | $0 |
Stan Vangsness 2nd Vice President | OfficerTrustee | 1 | $0 |
Jay Seibel Secretary/treasurer | OfficerTrustee | 1 | $0 |
Lorrena Lambrecht Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $642,817 |
Investment income | $26,139 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $668,956 |
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. | $217,250 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $39,419 |
Pension plan accruals and contributions | $63,524 |
Other employee benefits | $12,405 |
Payroll taxes | $15,205 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $17,158 |
Fees for services: Lobbying | $76,005 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $55,859 |
Advertising and promotion | $78,023 |
Office expenses | $19,584 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $17,684 |
Travel | $40,790 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $83,092 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,368 |
Insurance | $6,271 |
All other expenses | $900 |
Total functional expenses | $757,342 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $893,473 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $9,208 |
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 | $7,246 |
Net Land, buildings, and equipment | $40,778 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $950,705 |
Accounts payable and accrued expenses | $14,665 |
Grants payable | $0 |
Deferred revenue | $160,597 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $105,682 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $280,944 |
Net assets without donor restrictions | $669,761 |
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 | $950,705 |