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Nonprofiteer
← NORTHWEST NORTH DAKOTA COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by NORTHWEST NORTH DAKOTA COMMUNITY FOUNDATION INC.

Totals

Total revenue
$1,859,731
Total expenses
$1,663,013
Contributions and grants received
$1,775,221
Grants paid
$1,560,719
Program service revenue
$68,265
Investment income
$16,245
Other revenue
$0
Total assets, end of year
$933,382
Total liabilities, end of year
$2,835
Net assets or fund balances, end of year
$930,547
Program services expenses (Part IX)
$1,647,465
Management and general expenses
$15,548
Fundraising expenses
$0
Program service expenses (Part III)
$1,647,465

Program services were 99.1% 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

    $1,775,221

  • 2a · Program service revenue: FUND FEES

    total $68,265 · related or exempt $68,265

  • 3 · Investment income

    total $21,883 · excluded $21,883

  • 7a · Gross sales of assets other than inventory

    securities $50,876

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

    securities $56,514

  • 7c · Gain or loss

    securities -$5,638

  • 7d · Net gain or loss

    total -$5,638 · excluded -$5,638

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,548,969 · program services $1,548,969

  • 2 · Grants to domestic individuals

    total $11,750 · program services $11,750

  • 5 · Compensation of officers, directors and key employees

    total $3,000 · management and general $3,000

  • 11a · Fees: management

    total $9,879 · management and general $9,879

  • 11c · Fees: accounting

    total $500 · management and general $500

  • 11f · Fees: investment management

    total $7,163 · program services $7,163

  • 11g · Fees: other

    total $68,265 · program services $68,265

  • 13 · Office expenses

    total $939 · program services $939

  • 16 · Occupancy

    total $2,171 · program services $2,171

  • 17 · Travel

    total $668 · management and general $668

  • 19 · Conferences, conventions and meetings

    total $609 · management and general $609

  • 23 · Insurance

    total $552 · management and general $552

  • 24a · Other expenses: SPECIAL EVENTS

    total $8,208 · program services $8,208

  • 24b · Other expenses: CHAMBER DUES

    total $320 · management and general $320

  • 24c · Other expenses: ANNUAL REPORT FEES

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $223,195 · end of year $376,934

  • 11 · Investments: publicly traded securities

    beginning of year $657,362 · end of year $554,917

  • 15 · Other assets

    beginning of year $1,531 · end of year $1,531

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,993 · end of year $2,835

  • 27 · Net assets without donor restrictions

    beginning of year $61,170 · end of year $106,751

  • 28 · Net assets with donor restrictions

    beginning of year $787,925 · end of year $823,796

Mission and programs · 2022

Mission

TO IMPROVE THE QUALITY OF LIFE FOR THE CITIZENS WITHIN NORTHWEST NORTH DAKOTA THROUGH CHARITABLE GIVING AND PROMOTING PHILANTHROPY. THE CORPORATION IS ORGANIZED SPECIFICALLY FOR AND SHALL BE OPERATED EXCLUSIVELY FOR SUCH RELIGIOUS, CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES.THE FOUNDATION IS A NON-OPERATING VOLUNTEER ORGANIZATION FORMED FOR THE PURPOSE OF RECEIVING, MANAGING AND DISTRIBUTING GIFTS MADE TO THE FOUNDATION FOR SUCH CHARITABLE PURPOSES AS MY BE DIRECTED IN WRITING BY THE BOARD OF DIRECTORS. THE FOUNDATION'S TERRITORY SHALL BE THE COUNTIES OF DIVIDE, MCKENZIE AND WILLIAMS IN NORTHWEST NORTH DAKOTA.

  • GRAYSON MILL (FORMERLY EQUINOR) FUND HAS A GRANT OFFERING FOR STEM TEACHERS IN THE AREA. THE FELLOWSHIPS PROVIDE STEM EDUCATORS WITH RESOURCES TO SUPPORT THEIR PROFESSIONAL DEVELOPMENT, AND TO ENHANCE STEM EDUCATION IN THE REGION FOR STUDENTS, EDUCATORS AND THEIR SCHOOL COMMUNITIES. LOCAL EDUCATORS ARE SELECTED THROUGH A COMPETITIVE APPLICATION PROCESS TO PARTICIPATE IN THE FELLOWSHIP PROGRAM. APPLICANTS MAY ANTICIPATE FUNDING IN THE RANGE OF $5,000 - $7,000 BUT ARE ELIGIBLE TO APPLY FOR FELLOWSHIPS OF UP TO $15,000 FOR THE 12-MONTH PERIOD. EQUINOR FUND PROVIDES GRANTS TO FIRST RESPONDERS AND OTHER CIVIC MINDED ORGANIZATIONS IN THIS LOCAL AREA AS NEEDED.

    Expenses $65,574 · Grants $65,000

  • THE JOHN & ELAINE ANDRIST CHARITABLE TRUST FUND OF THE NWNDCF SEEKS TO MAKE A DIFFERENCE WITHIN THE COMMUNITIES OF NORTHWEST NORTH DAKOTA. WE DO THIS THROUGH OUR SEMI-ANNUAL COMMUNITY INVESTMENTS, IN WHICH WE PROVIDE FUNDING IN THE FOLLOWING FOCUS AREAS: ARTS, CULTURE AND CREATIVITY, COMMUNITY DEVELOPMENT, ECONOMIC DEVELOPMENT AND INNOVATION.

    Expenses $517,624 · Grants $492,975

  • THE FOUNDATION ADMINISTERS VARIOUS PASS-THROUGH, SCHOLARSHIP AND ENDOWMENT FUNDS FOR SPECIFIC CHARITABLE PROJECTS IN THE WILLIAMS, DIVIDE AND MCKENZIE COUNTIES AREA.

    Expenses $1,064,267 · Grants $1,002,743 · Revenue $68,265

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • E Ward Koeser

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Kent Reierson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Nancy Swallom

    TREASURER

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Roger Cymbaluk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marion Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Betty Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Traci Lund

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Randy Quale

    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

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

Provenance

Return type
form_990
Tax year
2022
Filed
29 June 2023
IRS schema version
2022v5.0
Source object
202341919349301674

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

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