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Nonprofiteer
← CAREER QALICB CORPORATION INC

Form 990 for tax year 2024

Filed by CAREER QALICB CORPORATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 14 January 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$622,749 changed to $314,522
Total assets, end of year
$14,274,094 changed to $11,122,729
Total liabilities, end of year
$14,896,843 changed to $12,060,000
Net assets or fund balances, end of year
-$622,749 changed to -$937,271
Program services expenses
$111,298 changed to $292,829
Management and general expenses
$511,451 changed to $21,693
Program service expenses (Part III)
$111,298 changed to $292,829

Totals

Total revenue
$0
Total expenses
$622,749
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$14,274,094
Total liabilities, end of year
$14,896,843
Net assets or fund balances, end of year
-$622,749
Program services expenses (Part IX)
$111,298
Management and general expenses
$511,451
Fundraising expenses
$0
Program service expenses (Part III)
$111,298

Program services were 17.9% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $511,451 · management and general $511,451

  • 20 · Interest

    total $54,893 · program services $54,893

  • 22 · Depreciation, depletion and amortization

    total $56,405 · program services $56,405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $3,317,459

  • 15 · Other assets

    beginning of year $0 · end of year $10,956,635

  • 17 · Accounts payable and accrued expenses

    end of year $31,667

  • 25 · Other liabilities

    beginning of year $0 · end of year $14,865,176

  • 27 · Net assets without donor restrictions

    end of year -$622,749

Mission and programs · 2024

Mission

TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF GRAND FORKS FOUNDATION FOR EDUCATION, INC. SUCH PURPOSES SHALL INCLUDE, BUT NOT BE LIMITED TO, THE ACQUISITION AND LEASING OF REAL OR PERSONAL PROPERTY, OR BOTH, AND, SUBJECT TO THE RESTRICTIONS AND LIMITATIONS HEREINAFTER SET FORTH, THE LEASING OF SUCH PROPERTY TO AND/OR FROM GRAND FORKS PUBLIC SCHOOL DISTRICT #1 FOR USE IN THE FURTHERANCE OF THE CHARITABLE PURPOSES OF GRAND FORKS FOUNDATION FOR EDUCATION, INC.

  • LEASING OF PROPERTY WITH THE GRAND FORKS PUBLIC SCHOOL DISTRICT FOR USE IN THE CAREER IMPACT ACADEMY

    Expenses $111,298

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRANDON BAUMBACH

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.02

  • EMILIA HODGSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.02 + 1 related

  • DEB DUNHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02 + 1 related

  • MEGHAN COMPTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02 + 1 related

  • PAUL TRAYNOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02 + 1 related

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
8 April 2025
IRS schema version
2024v5.1
Source object
202531049349302358

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