Form 990-EZ for tax year 2022
Filed by NORTH DAKOTA RURAL ELECTRIC COOPERATIVES FOUNDATION.
Totals
- Total revenue
- $180,350
- Total expenses
- $392,731
- Contributions and grants received
- $180,350
- Grants paid
- not reported
- Program service revenue
- not reported
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- not reported
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- not reported
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- not reported
- Total assets, end of year
- $32,982
- Total liabilities, end of year
- $26,094
- Net assets or fund balances, end of year
- $6,888
- Program service expenses (Part III)
- $330,347
Program services were 84.1% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2022
Primary exempt purpose
North Dakota Rural Electric Cooperatives Foundation's exempt purpose is to advance the quality of life for people living in rural and frontier areas of North Dakota by providing education, research, and other tools to unincorporated associations, cooperatives, and nonprofit organizations which enable these organizations to provide essential services to rural people, especially the elderly, the poor, and the distressed, as well as Native Americans and other minority populations.
-
Administering grant funds and providing technical services for a rural food distribution cooperative formed in the northeast corner of North Dakota, whose purpose is to purchase groceries together to obtain lower prices from bulk purchasing and enable cheaper delivery of the groceries to a central hub, where they are sorted and then sent out to the smaller surrounding communities. Also includes purchasing food storage lockers that will be housed in communities that currently don't have a grocery store which will allow residents of that community to purchase groceries online from the hub grocery store and the groceries will be delivered to the locker, allowing the purchaser to access the groceries at their convenience.
Expenses $168,064
-
Collecting contributions to be used to build a new lineworker training facility that will be used jointly by NDAREC and BSC. The building will primarily be leased by BSC to provide certification programs to students interested in becoming lineworkers. Trainings will also be held by NDAREC in the facility for current lineworkers to teach new skills, providing safety training, and provide other relevant training needs.
Expenses $134,765
-
Administering a grant for the Agricultural Products Utilization Commission to determine the feasibility of developing a meat processing plant in the Fargo, ND area.
Expenses $27,518
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
Robert Bob Grant
President
- Total calculated
- $0
- Hours/week
- 1
-
Mark Doyle
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Connie Bitz
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jerry King
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Darcy Klain
Director (as of February)
- Total calculated
- $0
- Hours/week
- 0.5
-
Joel Brandvold
Director
- Total calculated
- $0
- Hours/week
- 2
-
Maxine Rognlien
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Wade
Director
- Total calculated
- $0
- Hours/week
- 1
-
Randy Simon
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2022
- Filed
- 24 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322069349200507
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