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Nonprofiteer
← NORTH DAKOTA FARMERS UNION FOUNDATION

Form 990 for tax year 2022

Filed by NORTH DAKOTA FARMERS UNION FOUNDATION.

Totals

Total revenue
$268,626
Total expenses
$246,615
Contributions and grants received
$242,706
Grants paid
$245,694
Program service revenue
$0
Investment income
$2,154
Other revenue
$23,766
Total assets, end of year
$280,289
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$280,289
Program services expenses (Part IX)
$245,694
Management and general expenses
$921
Fundraising expenses
$0
Program service expenses (Part III)
$245,694

Program services were 99.6% 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.

  • 1d · Related organizations

    $227,500

  • 1f · All other contributions, gifts and grants

    $15,206

  • 3 · Investment income

    total $2,154 · excluded $2,154

  • 11a · Other revenue: MISC INCOME

    total $23,766 · excluded $23,766

  • 11e · Other revenue, total

    $23,766

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $245,694 · program services $245,694

  • 23 · Insurance

    total $424 · management and general $424

  • 24a · Other expenses: BANK FEES

    total $497 · management and general $497

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,649 · end of year $6,506

  • 2 · Savings and temporary cash investments

    beginning of year $251,629 · end of year $273,783

  • 27 · Net assets without donor restrictions

    beginning of year $258,278 · end of year $280,289

Mission and programs · 2022

Mission

THE NDFU FOUNDATION WAS ESTABLISHED IN 2000 TO RAISE FUNDS FOR FARMERS UNION'S RENOWNED YOUTH EDUCATION PROGRAM. THE GOAL OF THE FOUNDATION IS TO ESTABLISH A PERMANENT, SUSTAINABLE FUND FOR NDFU'S YOUTH PROGRAM.

Activities or mission (Part I)

PROVIDE SUPPORT FOR THE FURTHERANCE OF RURAL ECONOMIC DEVELOPMENT.

  • FUNDING CONTRIBUTED TO ND FARMERS UNION TO CARRY OUT A YOUTH CAMPING PROGRAM AND DAY CLASSES. THIS CAMPING PROGRAM AND DAY CLASSES TEACH ECONOMIC DEVELOPMENT THROUGH THE COOPERATIVE FORM OF BUSINESS.

    Expenses $140,694 · Grants $140,694

  • FUNDING CONTRIBUTED TO THE NDSU FOUNDATION TO PROVIDE FUNDING FOR BURDICK CENTER AND FURTHER THE MISSION.

    Expenses $100,000 · Grants $100,000

  • FUNDING CONTRIBUTED TO THE ARTS CENTER TO FURTHER THE MISSION.

    Expenses $5,000 · Grants $5,000

As filed on the 2022 return.

Listed in Part VII

  • MARK WATNE

    PRESIDENT

    Total calculated
    $548,708
    From this org
    $0
    From related orgs
    $539,558
    Other
    $9,150
    Hours/week
    1 + 21 related

    Schedule J breakdown matched by us

    Base
    $0 + $539,558 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $548,708 related
  • ROBERT KUYLEN

    VICE PRESIDENT

    Total calculated
    $38,500
    From this org
    $0
    From related orgs
    $38,500
    Other
    $0
    Hours/week
    1 + 6 related
  • SHANE SICKLER

    DIRECTOR

    Total calculated
    $20,004
    From this org
    $0
    From related orgs
    $20,004
    Other
    $0
    Hours/week
    1 + 6 related
  • RONDA THROENER

    TREASURER

    Total calculated
    $26,081
    From this org
    $0
    From related orgs
    $26,081
    Other
    $0
    Hours/week
    1 + 6 related
  • WESLEY NIEDERMAN

    SECRETARY

    Total calculated
    $21,475
    From this org
    $0
    From related orgs
    $21,475
    Other
    $0
    Hours/week
    1 + 6 related
  • TYLER STAFSLIEN

    DIRECTOR

    Total calculated
    $18,200
    From this org
    $0
    From related orgs
    $18,200
    Other
    $0
    Hours/week
    1 + 6 related
  • MICHELLE ZIESCH

    DIRECTOR

    Total calculated
    $27,000
    From this org
    $0
    From related orgs
    $27,000
    Other
    $0
    Hours/week
    1 + 6 related
  • ROBERT FINKEN

    DIRECTOR

    Total calculated
    $27,950
    From this org
    $0
    From related orgs
    $27,950
    Other
    $0
    Hours/week
    1 + 6 related
  • JON IVERSON

    DIRECTOR

    Total calculated
    $14,625
    From this org
    $0
    From related orgs
    $14,625
    Other
    $0
    Hours/week
    1 + 6 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 February 2024
IRS schema version
2022v5.0
Source object
202440579349301009

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