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Nonprofiteer
← DEVILS LAKE AREA FOUNDATION

Form 990 for tax year 2023

Filed by DEVILS LAKE AREA FOUNDATION.

Totals

Total revenue
$381,206
Total expenses
$257,622
Contributions and grants received
$82,423
Grants paid
$182,643
Program service revenue
$0
Investment income
$288,050
Other revenue
$10,733
Total assets, end of year
$11,332,991
Total liabilities, end of year
$3,315,804
Net assets or fund balances, end of year
$8,017,187
Program services expenses (Part IX)
$182,643
Management and general expenses
$62,949
Fundraising expenses
$12,030
Program service expenses (Part III)
$182,643

Program services were 70.9% 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

    $82,423

  • 3 · Investment income

    total $210,360 · excluded $210,360

  • 7a · Gross sales of assets other than inventory

    securities $1,066,321

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

    securities $988,631

  • 7c · Gain or loss

    securities $77,690

  • 7d · Net gain or loss

    total $77,690 · excluded $77,690

  • 11a · Other revenue: OTHER REVENUE

    total $7,264 · related or exempt $7,264

  • 11b · Other revenue: REVALUING LIABILITES UNDER ANNUIT

    total $3,469 · related or exempt $3,469

  • 11e · Other revenue, total

    $10,733

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $182,643 · program services $182,643

  • 11a · Fees: management

    total $57,090 · management and general $57,090

  • 11c · Fees: accounting

    total $5,859 · management and general $5,859

  • 24a · Other expenses: PAYMENTS MADE ON ANNUIT

    total $12,030 · fundraising $12,030

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $703,489 · end of year $616,257

  • 2 · Savings and temporary cash investments

    end of year $236,056

  • 12 · Investments: other securities

    beginning of year $8,252,790 · end of year $9,346,675

  • 15 · Other assets

    beginning of year $995,639 · end of year $1,134,003

  • 25 · Other liabilities

    beginning of year $2,913,337 · end of year $3,315,804

  • 27 · Net assets without donor restrictions

    beginning of year $2,171,677 · end of year $2,447,310

  • 28 · Net assets with donor restrictions

    beginning of year $4,866,904 · end of year $5,569,877

Mission and programs · 2023

Mission

DISTRIBUTE INCOME EARNED ON THE ORGANIZATIONS ASSETS TO CHARITABLE ORGANIZATIONS IN THE DEVILS LAKE, ND AREA.

  • AWARDING OF GRANTS TO CHARITABLE ORGANIZATIONS WITHIN THE DEVILS LAKE AREA.

    Expenses $182,643 · Grants $182,643

As filed on the 2023 return.

Listed in Part VII

  • Todd Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Stacey Heggen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Joe Vetsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Lori Pankratz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Ryan Yoder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Shane Weinmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Christy Remmick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • First United Bank

    TRUSTEE

    Total calculated
    $62,949
    From this org
    $62,949
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Stephanie Shock

    EXECUTIVE SECRETARY

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
11 March 2025
IRS schema version
2023v6.0
Source object
202540809349301124

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.