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← BIA FOUNDATION OF THE RED RIVER VALLEY

Form 990 for tax year 2023

Filed by BIA FOUNDATION OF THE RED RIVER VALLEY.

Totals

Total revenue
$123,435
Total expenses
$132,037
Contributions and grants received
$85,194
Grants paid
$33,600
Program service revenue
$0
Investment income
$11,956
Other revenue
$26,285
Total assets, end of year
$478,884
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$478,884
Program services expenses (Part IX)
$84,367
Management and general expenses
$25,569
Fundraising expenses
$22,101
Program service expenses (Part III)
$84,367

Program services were 63.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $85,194

  • 1g · Noncash contributions included above

    $4,316

  • 3 · Investment income

    total $11,553 · excluded $11,553

  • 7a · Gross sales of assets other than inventory

    securities $219,114

  • 7b · Less cost or other basis and sales expenses

    securities $218,711

  • 7c · Gain or loss

    securities $403

  • 7d · Net gain or loss

    total $403 · excluded $403

  • 11a · Other revenue: DIRECT SUPPORT

    total $26,185 · related or exempt $26,185

  • 11b · Other revenue: EVENT SPONSORSHIPS

    total $100 · excluded $100

  • 11e · Other revenue, total

    $26,285

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,100 · program services $19,100

  • 2 · Grants to domestic individuals

    total $14,500 · program services $14,500

  • 11c · Fees: accounting

    total $5,800 · management and general $5,800

  • 11g · Fees: other

    total $2,500 · management and general $2,500

  • 12 · Advertising and promotion

    total $1,261 · management and general $1,261

  • 13 · Office expenses

    total $43 · management and general $43

  • 23 · Insurance

    total $725 · program services $413 · management and general $138 · fundraising $174

  • 24a · Other expenses: SHARED ADMIN

    total $49,000 · program services $27,904 · management and general $9,348 · fundraising $11,748

  • 24b · Other expenses: SHARED COSTS

    total $26,185 · program services $14,910 · management and general $4,997 · fundraising $6,278

  • 24c · Other expenses: WORKFORCE DEVELOPMENT

    total $7,028 · program services $7,028

  • 24d · Other expenses: FUNDRAISING

    total $3,901 · fundraising $3,901

  • 24e · All other expenses

    total $1,994 · program services $512 · management and general $1,482

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,237 · end of year $3,720

  • 2 · Savings and temporary cash investments

    beginning of year $2,213 · end of year $2,130

  • 11 · Investments: publicly traded securities

    beginning of year $409,900 · end of year $473,034

  • 27 · Net assets without donor restrictions

    beginning of year $415,835 · end of year $454,436

  • 28 · Net assets with donor restrictions

    beginning of year $21,515 · end of year $24,448

Mission and programs · 2023

Mission

THE FOUNDATION IS DEDICATED TO SHOWING THAT HOME BUILDERS CARE ABOUT THE COMMUNITY BY AWARDING SCHOLARSHIPS TO LOCAL STUDENTS INTERESTED IN THE CONSTRUCTION TRADES AND WORKING ON PROJECTS THAT SUPPORT HOUSING IN THE AREA.

  • HOME BUILDERS CARE OF FARGO-MOORHEAD FOUNDATION SUPPORTS WORKFORCE DEVELOPMENT OF THE HOUSING AND BUILDING INDUSTRIES BY PROVIDING SCHOLARSHIPS TO STUDENTS INTERESTED IN PURSUING A CAREER IN THESE INDUSTRIES. IN ITS HISTORY, THE FOUNDATION HAS AWARDED SCHOLARSHIPS TO OVER 350 STUDENTS. THE FOUNDATION PARTNERS WITH A LOCAL COLLEGE TO OFFER THE HERDINA CONSTRUCTION TRADES CAMP WHICH IS A TWO-WEEK PROGRAM FOR HIGH SCHOOL STUDENTS TO WORK DIRECTLY WITH MEMBERS OF THESE INDUSTRIES TO RECEIVE CLASSROOM EDUCATION AND HANDS-ON TRAINING ON MANY FACETS OF THE HOUSING AND BUILDING INDUSTRIES. STUDENTS EARN COLLEGE CREDITS FOR COMPLETING THIS PROGRAM.

    Expenses $84,367 · Grants $33,600

As filed on the 2023 return.

Listed in Part VII

  • Elliot Steinbrink

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Ben Anderson

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Dan Beecher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Perry Eidem

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Nancy Kelly

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Trevor Odden

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Jeff Gunkelman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Tyler Holland

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Kyle Olson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Sandra Vigen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Eric Miller

    HBA BOARD LIAISON

    Total calculated
    $0
    Hours/week
    0.5
  • Scott Breidenbach

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Shawn Weyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Bryce Johnson

    ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    3.85

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • MINNESOTA STATE COLLEGES AND UNIVERSITIES

    $10,100

    2023 HERDINA CAMP

Provenance

Return type
form_990
Tax year
2023
Filed
19 September 2024
IRS schema version
2023v5.1
Source object
202432779349301518

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