Pembina Gorge Foundation
- Assets
- $2.3m
- Revenue
- $899.1k
- Investments
- $0.0
- Employees
- 46
- Location
- Walhalla, ND
- Founding
- 03/2019
- Data as of
- 09/2021
- EIN
- 81-4438550
Organization Overview
Pembina Gorge Foundation is located in Walhalla, ND. The organization was established in 2019. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Pembina Gorge Foundation employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pembina Gorge Foundation 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 09/2021, Pembina Gorge Foundation generated $899.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSION IS TO PRESERVE AND ENHANCE THE EXPERIENCE IN THE PEMBINA GORGE WHILE CONNECTING PEOPLE TO POSITIVE, LIFE-CHANGING EXPERIENCES. THE FOUNDATION DEVELOPS AND SUPPORTS HISTORICAL CULTURAL, EDUCATIONAL, NATURAL INTERPRETIVE AND RECREATIONAL OPPORTUNITIES IN THE GORGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIKE TRAILS AND HIKING ARE AVAILABLE IN THE SUMMER MONTHS. SNOW TUBING AND OUTDOOR SKIING WERE TEMPORARILY NOT AVAILABLE DURING THE WINTER MONTHS AS MAJOR REPAIRS WERE BEING MADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Mostad President | OfficerTrustee | 3 | $0 |
Patrick Chaput Vice President | OfficerTrustee | 2 | $0 |
Elsie Magnus Secretary / Treasurer | OfficerTrustee | 2 | $0 |
Randy Bata Director | Trustee | 1 | $0 |
Dustin Gorder Director | Trustee | 1 | $0 |
Rachel Gornowicz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,227 |
| Investment income | $640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,391 |
| 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 | $124,682 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $899,090 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $515 |
| Payroll taxes | $15,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $60,816 |
| Office expenses | $0 |
| Information technology | $8,212 |
| Royalties | $0 |
| Occupancy | $57,192 |
| Travel | $7,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $419,539 |
| Insurance | $63,935 |
| All other expenses | $0 |
| Total functional expenses | $1,113,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,442 |
| Savings and temporary cash investments | $167,823 |
| Pledges and grants receivable | $102,744 |
| 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 | $11,513 |
| Prepaid expenses and deferred charges | $17,460 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,338,499 |
| Accounts payable and accrued expenses | $85,926 |
| 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 | $593,566 |
| Other liabilities | $0 |
| Total liabilities | $679,492 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,659,007 |