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Nonprofiteer
← GRAND FORKS FOUNDATION FOR EDUCATION INC

Form 990 for tax year 2023

Filed by GRAND FORKS FOUNDATION FOR EDUCATION INC.

Totals

Total revenue
$740,912
Total expenses
$7,039,111
Contributions and grants received
$548,896
Grants paid
$237,488
Program service revenue
$0
Investment income
$181,825
Other revenue
$10,191
Total assets, end of year
$7,482,650
Total liabilities, end of year
$56,331
Net assets or fund balances, end of year
$7,426,319
Program services expenses (Part IX)
$6,914,341
Management and general expenses
$95,600
Fundraising expenses
$29,170
Program service expenses (Part III)
$6,914,341

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.

  • 1b · Membership dues

    $21,285

  • 1c · Fundraising events

    $10,440

  • 1f · All other contributions, gifts and grants

    $517,171

  • 3 · Investment income

    total $156,784 · excluded $156,784

  • 7a · Gross sales of assets other than inventory

    securities $1,924,221

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

    securities $1,899,180

  • 7c · Gain or loss

    securities $25,041

  • 7d · Net gain or loss

    total $25,041 · excluded $25,041

  • 8a · Fundraising events: gross income

    $24,211

  • 8a · Fundraising events: contributions included on line 1c

    $10,440

  • 8b · Fundraising events: direct expenses

    $24,211

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER REVENUE

    total $10,191 · related or exempt $10,191

  • 11e · Other revenue, total

    $10,191

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $120,412 · program services $120,412

  • 2 · Grants to domestic individuals

    total $117,076 · program services $117,076

  • 7 · Other salaries and wages

    total $93,600 · program services $20,000 · management and general $46,400 · fundraising $27,200

  • 10 · Payroll taxes

    total $7,159 · program services $1,544 · management and general $3,645 · fundraising $1,970

  • 11c · Fees: accounting

    total $17,070 · management and general $17,070

  • 13 · Office expenses

    total $7,752 · program services $2,921 · management and general $4,831

  • 14 · Information technology

    total $15,276 · management and general $15,276

  • 23 · Insurance

    total $1,541 · management and general $1,541

  • 24a · Other expenses: PROGRAM EXPENSE

    total $6,644,938 · program services $6,644,938

  • 24b · Other expenses: ALUMNI NETWORK EXPENSE

    total $7,450 · program services $7,450

  • 24c · Other expenses: MISCELLANEOUS

    total $6,837 · management and general $6,837

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $61,160 · end of year $32,336

  • 2 · Savings and temporary cash investments

    beginning of year $3,246,191 · end of year $461,715

  • 3 · Pledges and grants receivable

    beginning of year $6,487,192 · end of year $2,880,312

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,298 · end of year $1,298

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

    $45,338

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

    $45,338

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,549,519 · end of year $4,078,061

  • 12 · Investments: other securities

    beginning of year $11,390 · end of year $12,473

  • 15 · Other assets

    beginning of year $16,172 · end of year $16,455

  • 18 · Grants payable

    beginning of year $15,972 · end of year $10,417

  • 25 · Other liabilities

    beginning of year $48,143 · end of year $45,914

  • 27 · Net assets without donor restrictions

    beginning of year $253,746 · end of year $313,368

  • 28 · Net assets with donor restrictions

    beginning of year $13,055,061 · end of year $7,112,951

Mission and programs · 2023

Mission

THE FOUNDATION'S PURPOSE IS TO SUPPORT AND PROVIDE ACCESS TO HIGH-QUALITY EDUCATION IN GRAND FORKS PUBLIC SCHOOLS BY RAISING PRIVATE SUPPORT FOR NEW AND ENRICHED OPPORTUNITIES.

  • FUNDING OF INTERNAL PROGRAMS FOR GRAND FORKS PUBLIC SCHOOL DISTRICT.

    Expenses $6,644,938

  • THE FOUNDATION AWARDS SCHOLARSHIPS TO NEEDY STUDENTS THROUGHOUT THE YEAR. THIS PAST YEAR THE FOUNDATION AWARDED 475 SCHOLARSHIPS TO THESE NEEDY STUDENTS. ADDITIONALLY, THE FOUNDATION AWARDS SCHOLARSHIPS TO SENIOR STUDENTS TO FURTHER PURSUE ACADEMICS IN HIGHER EDUCATION. THIS PAST YEAR THE FOUNDATION AWARDED 103 POST HIGH SCHOOL SCHOLARSHIPS. SCHOLARSHIPS TOTALED $105,639.47 FOR THE YEAR.

    Expenses $117,076 · Grants $117,076

  • THE FOUNDATION AWARDS GRANTS TWICE ANNUALLY TO EDUCATORS AT GRAND FORKS PUBLIC SCHOOL DISTRICT FOR ALL ELEMENTARY, MIDDLE AND HIGH SCHOOL GRADES. THE APPROXIMATE NUMBER SERVED IS 7,470 STUDENTS.

    Expenses $120,412 · Grants $120,412

  • Expenses $31,915

As filed on the 2023 return.

Listed in Part VII

  • HILLARY KEMPENICH

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOE MIEDEMA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CARLA HAAVEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BETSEY MCINTYRE

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE GILLACH

    EXECUTIVE SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KRISTY PARANICA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEGHAN COMPTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TALIA TELANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEB DUNHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHAD DETIENNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ISAAC KARIKARI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL TRAYNOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEX TODOROVIC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATIE DACHTLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE WILBER

    ASSOCIATE VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • EMILIA HODGSON

    EXECUTIVE DIRECTOR

    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

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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511349349308601

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