Souris Basin Foundation
- Assets
- $35.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minot, ND
- Founding
- 11/2006
- Data as of
- 12/2021
- 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 12/2021, Souris Basin Foundation generated $57.1k 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 (7.9%) each year. All expenses for the organization totaled $58.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 3 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
2021
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 | $56,366 |
| Total Program Service Revenue | $657 |
| Membership dues | $0 |
| Investment income | $79 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $42 |
| Total Revenue | $57,144 |
| 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 | $180 |
| Occupancy, rent, utilities, and maintenance | $48,350 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,484 |
| Total expenses | $58,014 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,547 |
| Other assets | $0 |
| Total assets | $35,547 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,547 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Souris Basin Foundation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Life Sciences Innovation Council Oakdale, MN | $190,931 | $2,805,250 |
African American Leadership Forum Minneapolis, MN | $4,693,310 | $4,941,204 |
Montanans For Higher Education Helena, MT | $0 | $1,001,897 |
Sugarbeet Research & Education Board Of Minnesota & North Dakota Fargo, ND | $643,279 | $734,079 |
Minnesota Parent Union Saint Paul, MN | $561,320 | $709,367 |
Plus Foundation Minneapolis, MN | $1,456,145 | $432,468 |
Elevating Education Mn St Paul, MN | $42,072 | $255,731 |
Dsu-Soar Madison, SD | $3,122 | $0 |
Leap Inc Staples, MN | $134,415 | $0 |
Think2perform Research Institute Minneapolis, MN | $13,334 | $0 |
Souris Basin Foundation Minot, ND | $35,547 | $0 |
My Choices Park Rapids, MN | $11,156 | $0 |