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
-
TO PROVIDE FUNDING FOR YOUTH CAMP AND EDUCATION OF THE COOPERATIVE BUSINESS MODEL.
-
TO PROVIDE FUNDING FOR BURDICK CENTER.
-
TO FURTHER THE MISSION OF THE ARTS CENTER.
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.
-
NORTH DAKOTA FARMERS UNION EDUCATIONAL FOUNDATION
501(C)(3) · SUPPORT THE NDFU FOUNDATION · ND · controlled entity
Directly controlled by FARMERS EDUCATIONAL AND COOPERATIVE UNION OF AMERICA - ND DIVISION
-
FARMERS EDUCATIONAL AND COOPERATIVE UNION OF AMERICA - ND DIVISION
501(C)(5) · GUIDED BY THE PRINCIPLES OF COOPERATION, LEGISLATIVE AND EDUCATIONAL GOALS. · ND
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440579349301009
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