What the amendment changed
Compared with the return it replaced , filed 8 April 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total expenses
- $622,749 changed to $314,522
- Total assets, end of year
- $14,274,094 changed to $11,122,729
- Total liabilities, end of year
- $14,896,843 changed to $12,060,000
- Net assets or fund balances, end of year
- -$622,749 changed to -$937,271
- Program services expenses
- $111,298 changed to $292,829
- Management and general expenses
- $511,451 changed to $21,693
- Program service expenses (Part III)
- $111,298 changed to $292,829
Totals
- Total revenue
- $0
- Total expenses
- $314,522
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $11,122,729
- Total liabilities, end of year
- $12,060,000
- Net assets or fund balances, end of year
- -$937,271
- Program services expenses (Part IX)
- $292,829
- Management and general expenses
- $21,693
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $292,829
Program services were 93.1% 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.
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $21,335 · management and general $21,335
-
13 · Office expenses
total $358 · management and general $358
-
20 · Interest
total $123,615 · program services $123,615
-
22 · Depreciation, depletion and amortization
total $169,214 · program services $169,214
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,317,459 · end of year $335,308
-
15 · Other assets
beginning of year $10,956,635 · end of year $10,787,421
-
17 · Accounts payable and accrued expenses
beginning of year $31,667 · end of year $60,000
-
23 · Secured mortgages and notes payable
end of year $12,000,000
-
25 · Other liabilities
beginning of year $14,865,176 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year -$622,749 · end of year -$937,271
Mission and programs · 2024
Mission
TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF GRAND FORKS FOUNDATION FOR EDUCATION, INC. SUCH PURPOSES SHALL INCLUDE, BUT NOT BE LIMITED TO, THE ACQUISITION AND LEASING OF REAL OR PERSONAL PROPERTY, OR BOTH, AND, SUBJECT TO THE RESTRICTIONS AND LIMITATIONS HEREINAFTER SET FORTH, THE LEASING OF SUCH PROPERTY TO AND/OR FROM GRAND FORKS PUBLIC SCHOOL DISTRICT #1 FOR USE IN THE FURTHERANCE OF THE CHARITABLE PURPOSES OF GRAND FORKS FOUNDATION FOR EDUCATION, INC.
-
LEASING OF PROPERTY WITH THE GRAND FORKS PUBLIC SCHOOL DISTRICT FOR USE IN THE CAREER IMPACT ACADEMY
Expenses $292,829
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brandon BaumbachBRANDON BAUMBACH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.02
-
Emilia HodgsonEMILIA HODGSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.02 + 32 related
-
Deb DunhamDEB DUNHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.02 + 1 related
-
Meghan ComptonMEGHAN COMPTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.02
-
Paul TraynorPAUL TRAYNOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.02 + 1 related
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.
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.
-
GRAND FORKS FOUNDATION FOR EDUCATION INC
501(C)(3) · SUPPORT EDUCATION IN GRAND FORKS PUBLIC SCHOOL DISTRICT · ND
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600299349302300
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