Form 990 for tax year 2023
Filed by GRAND FORKS YMCA FOUNDATION TRUST FIRST NATIONAL BANK IN GF.
Totals
- Total revenue
- -$16,108
- Total expenses
- $25,004
- Contributions and grants received
- $0
- Grants paid
- $20,301
- Program service revenue
- $0
- Investment income
- -$16,108
- Other revenue
- $0
- Total assets, end of year
- $404,137
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $404,137
- Program services expenses (Part IX)
- $20,301
- Management and general expenses
- $4,703
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 81.2% 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.
-
3 · Investment income
total $12,076 · excluded $12,076
-
4 · Income from investment of tax-exempt bond proceeds
total $41 · excluded $41
-
7a · Gross sales of assets other than inventory
securities $663,051
-
7b · Less cost or other basis and sales expenses
securities $691,276
-
7c · Gain or loss
securities -$28,225
-
7d · Net gain or loss
total -$28,225
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $20,301 · program services $20,301
-
5 · Compensation of officers, directors and key employees
total $4,599 · management and general $4,599
-
24e · All other expenses
total $104 · management and general $104
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $25,758 · end of year $24,205
-
11 · Investments: publicly traded securities
beginning of year $419,491 · end of year $379,932
-
27 · Net assets without donor restrictions
beginning of year $445,249 · end of year $404,137
Mission and programs · 2023
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
As filed on the 2023 return.
Listed in Part VII
-
Alerus Financial
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kraft Brian
Chairman of Trustees
- Total calculated
- $0
-
Arnason Joel
Trustee
- Total calculated
- $0
-
Haagenson Amy
Trustee
- Total calculated
- $0
-
Elbert Dennis
Trustee
- Total calculated
- $0
-
Hansen Jim
Trustee
- Total calculated
- $0
-
Wilson Jeff
Trustee
- Total calculated
- $0
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421289349301687
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