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← GRAND FORKS YMCA FOUNDATION TRUST FIRST NATIONAL BANK IN GF

Form 990 for tax year 2024

Filed by GRAND FORKS YMCA FOUNDATION TRUST FIRST NATIONAL BANK IN GF.

Totals

Total revenue
$81,438
Total expenses
$19,820
Contributions and grants received
$50,650
Grants paid
$13,245
Program service revenue
$0
Investment income
$30,788
Other revenue
$0
Total assets, end of year
$466,161
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$466,161
Program services expenses (Part IX)
$13,245
Management and general expenses
$6,575
Fundraising expenses
$0
Program service expenses (Part III)
$13,245

Program services were 66.8% 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

    $50,650

  • 1g · Noncash contributions included above

    $50,650

  • 3 · Investment income

    total $13,987 · excluded $13,987

  • 7a · Gross sales of assets other than inventory

    securities $205,612

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

    securities $188,811

  • 7c · Gain or loss

    securities $16,801

  • 7d · Net gain or loss

    total $16,801 · excluded $16,801

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,245 · program services $13,245

  • 5 · Compensation of officers, directors and key employees

    total $5,478 · management and general $5,478

  • 11c · Fees: accounting

    total $963 · management and general $963

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $134 · management and general $134

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,205 · end of year $26,959

  • 11 · Investments: publicly traded securities

    beginning of year $379,932 · end of year $439,202

  • 27 · Net assets without donor restrictions

    beginning of year $404,137 · end of year $466,161

Mission and programs · 2024

Mission

Support of the YMCA Family Center in Grand Forks, ND

  • Trust is to be operated exclusively for the Grand Forks YMCA To create and maintain a permanent fund for the benefit of the YMCA to stabilize and to provide for extension of services of the YMCA

    Expenses $13,245 · Grants $13,245

As filed on the 2024 return.

Listed in Part VII

  • Kraft Brian

    Chairman of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Arnason Joel

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Haagenson Amy

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Elbert Dennis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Hansen Jim

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Wilson Jeff

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alerus Financial

    Trustee

    Total calculated
    $5,478
    From this org
    $5,478
    From related orgs
    $0
    Other
    $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
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543149349306009

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