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Nonprofiteer
← MINOT COMMUNITY FOUNDATION

Form 990 for tax year 2025

Filed by MINOT COMMUNITY FOUNDATION.

Totals

Total revenue
$4,445,285
Total expenses
$2,281,110
Contributions and grants received
$1,008,513
Grants paid
$1,839,555
Program service revenue
$0
Investment income
$3,206,359
Other revenue
$230,413
Total assets, end of year
$47,064,740
Total liabilities, end of year
$1,532,318
Net assets or fund balances, end of year
$45,532,422
Program services expenses (Part IX)
$2,058,241
Management and general expenses
$83,452
Fundraising expenses
$139,417
Program service expenses (Part III)
$2,058,241

Program services were 90.2% 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

    $1,008,513

  • 1g · Noncash contributions included above

    $1,220

  • 3 · Investment income

    total $1,326,650 · excluded $1,326,650

  • 5 · Royalties

    total $6,926 · excluded $6,926

  • 6a · Gross rents

    real property $7,200

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $7,200

  • 6d · Net rental income or loss

    total $7,200 · excluded $7,200

  • 7a · Gross sales of assets other than inventory

    securities $18,258,829

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

    securities $16,379,120

  • 7c · Gain or loss

    securities $1,879,709

  • 7d · Net gain or loss

    total $1,879,709 · excluded $1,879,709

  • 11a · Other revenue: INTERFUND TRANSFERS

    total $201,773 · related or exempt $201,773

  • 11b · Other revenue: AGENCY FUND SERVICE FEES

    total $14,132 · related or exempt $14,132

  • 11c · Other revenue: INTERCOMPANY SERVICE FEES

    total $382 · related or exempt $382

  • 11e · Other revenue, total

    $216,287

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,839,555 · program services $1,839,555

  • 5 · Compensation of officers, directors and key employees

    total $135,334 · program services $59,249 · management and general $32,778 · fundraising $43,307

  • 7 · Other salaries and wages

    total $111,221 · program services $48,692 · management and general $26,938 · fundraising $35,591

  • 9 · Other employee benefits

    total $15,414 · program services $6,022 · management and general $3,240 · fundraising $6,152

  • 10 · Payroll taxes

    total $18,186 · program services $7,883 · management and general $4,356 · fundraising $5,947

  • 11c · Fees: accounting

    total $25,083 · program services $15,050 · management and general $2,508 · fundraising $7,525

  • 13 · Office expenses

    total $8,851 · program services $5,311 · management and general $885 · fundraising $2,655

  • 14 · Information technology

    total $6,056 · program services $3,633 · management and general $606 · fundraising $1,817

  • 16 · Occupancy

    total $13,693 · program services $8,217 · management and general $1,369 · fundraising $4,107

  • 17 · Travel

    total $3,209 · program services $1,925 · management and general $321 · fundraising $963

  • 22 · Depreciation, depletion and amortization

    total $11,622 · program services $6,973 · management and general $1,162 · fundraising $3,487

  • 23 · Insurance

    total $3,693 · program services $2,216 · management and general $369 · fundraising $1,108

  • 24a · Other expenses: PUBLIC RELATIONS

    total $76,355 · program services $45,812 · management and general $7,636 · fundraising $22,907

  • 24b · Other expenses: MISCELLANEOUS

    total $9,596 · program services $5,757 · management and general $960 · fundraising $2,879

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $1,654 · program services $993 · management and general $165 · fundraising $496

  • 24d · Other expenses: EDUCATION AND SEMINARS

    total $1,538 · program services $923 · management and general $154 · fundraising $461

  • 24e · All other expenses

    total $50 · program services $30 · management and general $5 · fundraising $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $879,704 · end of year $1,104,219

  • 2 · Savings and temporary cash investments

    beginning of year $1,021,408 · end of year $985,195

  • 10a · Land, buildings and equipment: cost or other basis

    $311,736

  • 10b · Land, buildings and equipment: accumulated depreciation

    $42,442

  • 10c · Land, buildings and equipment, net

    beginning of year $280,917 · end of year $269,294

  • 12 · Investments: other securities

    beginning of year $40,744,916 · end of year $44,688,153

  • 15 · Other assets

    beginning of year $3,386 · end of year $17,879

  • 18 · Grants payable

    beginning of year $84,778 · end of year $232,334

  • 25 · Other liabilities

    beginning of year $1,137,728 · end of year $1,299,984

  • 27 · Net assets without donor restrictions

    beginning of year $1,165,726 · end of year $1,574,037

  • 28 · Net assets with donor restrictions

    beginning of year $40,542,099 · end of year $43,958,385

Mission and programs · 2025

Mission

SUPPORT AND IMPROVE PUBLIC WELL-BEING.

  • AWARD GRANTS TO PUBLIC AND CHARITABLE ORGANIZATIONS AND INDIVIDUALS.

    Expenses $2,058,241 · Grants $1,839,555

As filed on the 2025 return.

Listed in Part VII

  • Ross Johnson

    FINANCE & INVESTMENT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Reed Argent

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Debbie Harris

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Perry Olson

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Tim Mihalick

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tom Probst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jill Wald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leslie Coughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon Radke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jackie Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emily Mackner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Weigelt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Zimmerman

    PRESIDENT

    Total calculated
    $139,393
    From this org
    $135,333
    From related orgs
    $0
    Other
    $4,060
    Hours/week
    30

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.

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
2025
Filed
24 June 2026
IRS schema version
2025v4.2
Source object
202622039349301427

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

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