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← COMMUNITY FOUNDATION OF GRAND FORKS EAST GRAND FORKS AND REGION

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF GRAND FORKS EAST GRAND FORKS AND REGION.

Totals

Total revenue
$3,288,854
Total expenses
$1,901,062
Contributions and grants received
$2,000,693
Grants paid
$1,351,147
Program service revenue
$859,390
Investment income
$428,771
Other revenue
$0
Total assets, end of year
$19,866,768
Total liabilities, end of year
$754,031
Net assets or fund balances, end of year
$19,112,737
Program services expenses (Part IX)
$1,498,895
Management and general expenses
$304,036
Fundraising expenses
$98,131
Program service expenses (Part III)
$1,498,895

Program services were 78.8% 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

    $2,000,693

  • 1g · Noncash contributions included above

    $234,000

  • 2a · Program service revenue: PROGRAM REVENUE

    total $568,189 · related or exempt $568,189

  • 2b · Program service revenue: ADMINISTRATION FEES

    total $291,201 · related or exempt $291,201

  • 3 · Investment income

    total $428,771 · excluded $428,771

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,351,147 · program services $1,351,147

  • 5 · Compensation of officers, directors and key employees

    total $84,900 · program services $33,111 · management and general $17,829 · fundraising $33,960

  • 7 · Other salaries and wages

    total $54,189 · program services $21,231 · management and general $11,408 · fundraising $21,550

  • 9 · Other employee benefits

    total $16,631 · program services $9,979 · management and general $1,663 · fundraising $4,989

  • 10 · Payroll taxes

    total $10,679 · program services $4,629 · management and general $2,558 · fundraising $3,492

  • 11c · Fees: accounting

    total $20,656 · program services $12,393 · management and general $2,066 · fundraising $6,197

  • 11f · Fees: investment management

    total $259,196 · management and general $259,196

  • 11g · Fees: other

    total $50,508 · program services $30,305 · management and general $5,051 · fundraising $15,152

  • 12 · Advertising and promotion

    total $7,634 · program services $4,581 · management and general $763 · fundraising $2,290

  • 13 · Office expenses

    total $1,845 · program services $1,106 · management and general $185 · fundraising $554

  • 16 · Occupancy

    total $12,130 · program services $7,278 · management and general $1,213 · fundraising $3,639

  • 17 · Travel

    total $1,206 · program services $723 · management and general $121 · fundraising $362

  • 20 · Interest

    total $137 · program services $82 · management and general $14 · fundraising $41

  • 22 · Depreciation, depletion and amortization

    total $8,497 · program services $5,098 · management and general $850 · fundraising $2,549

  • 23 · Insurance

    total $2,339 · program services $1,403 · management and general $234 · fundraising $702

  • 24a · Other expenses: SPECIAL PROJECTS

    total $10,523 · program services $10,523

  • 24b · Other expenses: PRINTING AND POSTAGE

    total $2,436 · program services $1,461 · management and general $244 · fundraising $731

  • 24c · Other expenses: TELEPHONE

    total $2,431 · program services $1,459 · management and general $243 · fundraising $729

  • 24d · Other expenses: DUES AND MEMBERSHIPS

    total $2,325 · program services $1,394 · management and general $233 · fundraising $698

  • 24e · All other expenses

    total $1,653 · program services $992 · management and general $165 · fundraising $496

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $483,532 · end of year $821,556

  • 2 · Savings and temporary cash investments

    beginning of year $2,310,902 · end of year $1,085,560

  • 4 · Accounts receivable

    beginning of year $73,729 · end of year $66,559

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,425 · end of year $6,067

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

    $15,962

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

    $13,936

  • 10c · Land, buildings and equipment, net

    beginning of year $13,099 · end of year $2,026

  • 11 · Investments: publicly traded securities

    beginning of year $19,223,240 · end of year $17,880,327

  • 15 · Other assets

    beginning of year $0 · end of year $4,673

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,270 · end of year $27,524

  • 25 · Other liabilities

    beginning of year $820,234 · end of year $726,507

  • 27 · Net assets without donor restrictions

    beginning of year $18,838,083 · end of year $16,562,250

  • 28 · Net assets with donor restrictions

    beginning of year $2,410,340 · end of year $2,550,487

Mission and programs · 2022

Mission

TO CONNECT PEOPLE WHO CARE WITH CAUSES THAT MATTER.

  • THE FOUNDATION WORKS IN PARTNERSHIP WITH INDIVIDUALS, FAMILIES, BUSINESSES, AND TRUSTED ADVISERS TO MANAGE CHARITABLE FUNDS AND PROVIDE GRANTS TO QUALIFIED NONPROFIT ORGANIZATIONS AND CAUSES.

    Expenses $1,498,895 · Grants $1,351,147 · Revenue $859,390

As filed on the 2022 return.

Listed in Part VII

  • Kathy Fick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derrick Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Juntunen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Loyland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Marchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heath Webber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jared Vigen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cathi Feeley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sheila Bruhn

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Becca Cruger

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shawnda Schroeder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meloney Linder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shawn Senescall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Becca Baumbach

    EXECUTIVE DIRECTOR

    Total calculated
    $84,919
    From this org
    $77,259
    From related orgs
    $0
    Other
    $7,660
    Hours/week
    40

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
31 October 2023
IRS schema version
2022v5.0
Source object
202333149349305383

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