Souris Basin Foundation
- Assets
- $47.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minot, ND
- Founding
- 11/2006
- Data as of
- 12/2023
- EIN
- 83-0350216
Organization Overview
Souris Basin Foundation is located in Minot, ND. The organization was established in 2006. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Souris Basin 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 12/2023, Souris Basin Foundation generated $64.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $59.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 5 years. 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
2023
Describe the Organization's Program Activity:
Part 3
A COUNCIL OF LOCAL GOVERNMENTAL ENTITIES TO HELP ADVISE AND RESPOND TO THE NEEDS OF THE LOCAL GOVERNMENTS AND OTHER DEVELOPMENT INTERESTS IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jazmine Schultz President | 1 | $0 | |
Thomas Nash Vice President | 1 | $0 | |
Cole Krueger Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,649 |
| Total Program Service Revenue | $5,000 |
| Membership dues | $0 |
| Investment income | $54 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $298 |
| Total Revenue | $64,001 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $630 |
| Occupancy, rent, utilities, and maintenance | $47,922 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,376 |
| Total expenses | $59,928 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,812 |
| Other assets | $0 |
| Total assets | $47,812 |
| Total liabilities | $6,678 |
| Net assets or fund balances | $41,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
African American Leadership Forum Minneapolis, MN | $3,719,250 | $1,010,415 |
Montanans For Higher Education Helena, MT | $0 | $1,001,897 |
Sugarbeet Research & Education Board Of Minnesota & North Dakota Fargo, ND | $701,271 | $814,735 |
Minnesota Parent Union Saint Paul, MN | $334,120 | $310,192 |
Plus Foundation Minneapolis, MN | $1,180,549 | $261,942 |
Leap Inc Staples, MN | $117,132 | $225,224 |
Elevating Education Mn St Paul, MN | $42,072 | $255,731 |
Dsu-Soar Madison, SD | $113,856 | $0 |
Think2perform Research Institute Minneapolis, MN | $13,334 | $0 |
Joint Religious Education And Research Fund J R E R F Saint Paul, MN | $308,877 | $50,496 |
American Life Sciences Innovation Council Oakdale, MN | $123,311 | $0 |
Souris Basin Foundation Minot, ND | $47,812 | $0 |
My Choices Park Rapids, MN | $6,776 | $0 |
Northern Plains Potato Research & Education Foundation East Grand Forks, MN | $117,102 | $18,617 |
The Greater South Dakota Education And Research Foundation Inc Pierre, SD | $187 | $0 |
Institute For Global Asset And Risk Management Inc Mahtomedi, MN | $15,759 | $0 |