North Dakota Petroleum Foundation
- Assets
- $389.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- Data as of
- 12/2023
- EIN
- 83-1389235
Organization Overview
North Dakota Petroleum Foundation is located in Bismarck, ND. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Dakota Petroleum 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, North Dakota Petroleum Foundation generated $1.2m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT, EDUCATION AND OUTREACH OPPORTUNITIES RELATED TO THE PETROLEUM INDUSTRY, DEVELOP AND ADVANCE QUALIFTY OF LIFE INITIATIVES, AND PROMOTE AND ENHANCE THE CONSERVATION HERITAGE OF NORTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NDPF CONTINUED ITS EDUCATION PROGRAMS, WHICH INCLUDED HOSTING 40 TEACHERS FOR A TEACHER EDUCATION SEMINAR. THIS SEMINAR PROVIDES TEACHERS WITH INFORMATION ABOUT THE OIL AND GAS INDUSTRY AND HOW PHYSICS, GEOLOGY, MATH, SCIENCE AND THE TRADES ARE USED. TEACHERS ALSO RECEIVE HANDS-ON ACTIVITIES AND LESSONS THAT THEY CAN TAKE BACK TO THE CLASSROOM. THE NDPF ALSO PARTNERED WITH OTHER ORGANIZATIONS TO HOST "TOOL TRADES TORQUE TECH (T4) SUMMITS. IN 2023, THESE SUMMITS BROUGHT MORE THAN 10,000 STUDENTS FROM NORTH DAKOTA TO PARTICIPATE IN HANDS-ON ACTIVITIES AND DEMONSTRATIONS RELATED TO THE ENERGY INDUSTRIES AND SKILLED TRADES.THE NDPF'S OUTREACH EFFORTS INCLUDED HOSTING COMMUNITY EVENTS AND PARTNERING WITH OTHER NONPROFIT ORGANIZATIONS INCLUDING, BUT NOT LIMITED TO, MULE DEER FOUNDATION AND DREAM CENTER BISMARCK. WORK CONTINUED ON THE NDPF'S OIL AND GAS HISTORY PROJECT IN NORTH DAKOTA.
PLANTING FOR THE FUTURE: THROUGH ITS PLANTING FOR THE FUTURE PROGRAM, THE NORTH DAKOTA PETROLEUM FOUNDATION PLANTED MORE THAN 165,000 TREES FOR CONSERVATION AND HABITAT. THIS BRINGS THE TOTAL NUMBER OF TREES PLANTED SINCE 2018 TO OVER HALF A MILLION TREES.
SCHOLARSHIPS TO COLLEGE STUDENTS WHO ARE TAKING COURSES RELATED TO THE OIL INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Herman Secretary/treasurer | OfficerTrustee | 1 | $0 |
Josh Demorrett Vice Chairman | OfficerTrustee | 1 | $0 |
Joel Noyes Board Member | Trustee | 1 | $0 |
Danette Welsh Board Member | Trustee | 1 | $0 |
Lawrence Bender Chairman | OfficerTrustee | 1 | $0 |
Zach Weis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,450 |
| Related organizations | $201,668 |
| Government grants | $324,262 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $893,471 |
| Total Program Service Revenue | $147,600 |
| Investment income | $4,158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,121 |
| Net Income from Fundraising Events | $124,998 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,175,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,000 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $929 |
| Fees for services: Other | $3,955 |
| Advertising and promotion | $0 |
| Office expenses | $221 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,894 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $923 |
| All other expenses | $2,763 |
| Total functional expenses | $1,296,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,565 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $65,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,000 |
| Total assets | $389,369 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $389,369 |
| 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 | $389,369 |