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Nonprofiteer
← MINOT PARK FOUNDATION

Form 990 for tax year 2023

Filed by MINOT PARK FOUNDATION.

Totals

Total revenue
$3,269,397
Total expenses
$641,673
Contributions and grants received
$3,152,591
Grants paid
$630,126
Program service revenue
$0
Investment income
$116,806
Other revenue
$0
Total assets, end of year
$3,952,223
Total liabilities, end of year
$114,220
Net assets or fund balances, end of year
$3,838,003
Program services expenses (Part IX)
$630,126
Management and general expenses
$11,547
Fundraising expenses
$0
Program service expenses (Part III)
$630,126

Program services were 98.2% 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

    $3,152,591

  • 3 · Investment income

    total $116,806 · excluded $116,806

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $630,126 · program services $630,126

  • 11f · Fees: investment management

    total $10,547 · management and general $10,547

  • 17 · Travel

    total $1,000 · management and general $1,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,083 · end of year $2,758,414

  • 4 · Accounts receivable

    beginning of year $5,662 · end of year $59,750

  • 12 · Investments: other securities

    beginning of year $962,310 · end of year $1,134,059

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,873 · end of year $114,220

  • 27 · Net assets without donor restrictions

    beginning of year $1,113,182 · end of year $3,838,003

Mission and programs · 2023

Mission

PROMOTING, DEVELOPING, AND ADVANCING SUPPORT FOR THE CITY OF MINOT PARK DISTRICT

  • TO SUPPORT THE CITY OF MINOT PARK DISTICT IN PARK PROJECTS.

    Expenses $630,126 · Grants $630,126

As filed on the 2023 return.

Listed in Part VII

  • Perry Olson

    COMMISSIONER

    Total calculated
    $3,600
    From this org
    $0
    From related orgs
    $3,600
    Other
    $0
    Hours/week
    0.5

  • Mike Schmitt

    COMMISSIONER

    Total calculated
    $3,600
    From this org
    $0
    From related orgs
    $3,600
    Other
    $0
    Hours/week
    0.5

  • Cliff Hovda

    COMMISSIONER

    Total calculated
    $3,600
    From this org
    $0
    From related orgs
    $3,600
    Other
    $0
    Hours/week
    0.5

  • Justin Hammer

    VICE PRESIDENT

    Total calculated
    $3,600
    From this org
    $0
    From related orgs
    $3,600
    Other
    $0
    Hours/week
    0.5

  • Ken Kitzman

    PRESIDENT

    Total calculated
    $3,600
    From this org
    $0
    From related orgs
    $3,600
    Other
    $0
    Hours/week
    0.5

  • Ron Merritt

    DIRECTOR (THRU APRIL 2023)

    Total calculated
    $51,208
    From this org
    $0
    From related orgs
    $51,208
    Other
    $0
    Hours/week
    40

  • Elly Deslauriers

    DIRECTOR (AS OF MAY 2023)

    Total calculated
    $95,243
    From this org
    $0
    From related orgs
    $95,243
    Other
    $0
    Hours/week
    40

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

  • CITY OF MINOT PARK DISTRICT

    $630,126

    SUPPORT FOR PARK PROJECTS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CITY OF MINOT PARK DISTRICT

    501(C)(3) · PARK MTC & DEVELOPMENT · ND

Provenance

Return type
form_990
Tax year
2023
Filed
11 September 2024
IRS schema version
2023v5.1
Source object
202412569349300811

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