Never Surrender Inc
- Assets
- $2.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Hermantown, MN
- Founding
- 10/2019
- Data as of
- 08/2023
- EIN
- 83-4092520
Organization Overview
Never Surrender Inc is located in Hermantown, MN. The organization was established in 2019. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 08/2023, Never Surrender Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Never Surrender Inc 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 08/2023, Never Surrender Inc generated $2.8m in total revenue. All expenses for the organization totaled $1.5m during the year ending 08/2023. While expenses have increased by 101.7% per year over the past 5 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
RAISING MONEY TO FIGHT ALS AND HELP PEOPLE WITH ALS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING MONEY TO FIGHT ALS AND HELP PEOPLE WITH ALS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Erickson Board | Trustee | 1 | $0 |
Daniel Hartel Board | Trustee | 1 | $0 |
Blake Kolquist Vice Preside | OfficerTrustee | 1 | $0 |
David Kolquist President | OfficerTrustee | 1 | $0 |
David Solon Treasurer | OfficerTrustee | 1 | $0 |
Julie Thoreson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,281,999 |
| Noncash contributions included in lines 1a–1f | $677,901 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,286,999 |
| Total Program Service Revenue | $0 |
| Investment income | $18,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $483,027 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,429 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,821,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $371,035 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,000 |
| Payroll taxes | $11,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,400 |
| Advertising and promotion | $17,137 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,831 |
| Travel | $14,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,415 |
| All other expenses | $14,956 |
| Total functional expenses | $1,496,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,039 |
| Savings and temporary cash investments | $2,194,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| 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 | $6,702 |
| Net Land, buildings, and equipment | $12,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,533,337 |
| Accounts payable and accrued expenses | $42,312 |
| 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 | $42,312 |
| Net assets without donor restrictions | $2,491,025 |
| 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 | $2,533,337 |
Grants Awarded
Over the last fiscal year, Never Surrender Inc has awarded $371,035 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ESSENTIA HEALTH FOUNDATION | | | $21,035 |
COURAGE KENNY NORTHLAND | | | $50,000 |
MASSACHUSETTS GENERAL HOSPITAL | | | $300,000 |