Minot Area Community Foundation in Minot, North Dakota (ND)
Table of contents:
| Minot Area Community Foundation | |
| Employer Identification Number (EIN) | 311689978 |
| Name of Organization | Minot Area Community Foundation |
| Address | 606 Burdick Expressway W Ste A, Minot, ND 58701-4218 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $117,001 |
| Amount of Income | $25,242 |
| Form 990 Revenue Amount | $25,242 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations |
Non-representatives - add comments:
Amount of income in 2013: $25,242 (it was $27,686 in 2012)
| Minot Area Community Foundation: | $25,242 |
| Other organizations performing similar types of work: | $123,400 |
Assets in 2013: $117,001 (it was $94,703 in 2012)
| This organization: | $117,001 |
| Other organizations performing similar types of work: | $188,019 |
Expenses in 2013: $6,106
| This organization: | $6,106 |
| Other organizations performing similar types of work: | $82,376 |
Income to expenses ratio in 2013: 4.1
| Minot Area Community Foundation: | 4.1 |
| Other organizations performing similar types of work: | 5.6 |
Grants share in income in 2013: 95.2%
| This organization: | 95.2% |
| Other organizations performing similar types of work: | 20.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $20,980 | $27,686 | $25,242 |
| Contributions, gifts, grants, and similar amounts received | $19,825 | $25,580 | $24,024 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,155 | $2,106 | $1,218 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $540 | $2,797 | $6,106 |
| Total net assets | $40,086 | $65,953 | $88,251 |
| Excess/Deficit for the year | $20,440 | $24,889 | $19,136 |
| Net assets or fund balances at beginning of year | $19,607 | $40,086 | $65,953 |
| Other changes in net assets or fund balances | $39 | $978 | $3,162 |
| Net assets or fund balances at end of year | $65,953 | $88,251 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $68,836 | $94,703 | $117,001 |
| Total liabilities | $28,750 | $28,750 | $28,750 |
| Net assets or fund balances | $40,086 | $65,953 | $88,251 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $86,529 |
| Subtotal Support | $86,529 |
| Gifts, grants, contributions, and membership fees received | $86,529 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $91,962 |
| Public Support | $86,529 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $5,433 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Taos Community Foundation Inc | PO BOX 1925, Taos, NM 87571-1925 | NM | 1998-12 | $4,057,729 |
| 2 | Elks National Foundation Inc, Elks National Foundation | 2750 N Lakeview Avenue, Chicago, IL 60614 | IL | 2009-02 | $338,625,890 |
| 3 | The Community Foundation For The Central Savannah River Area Inc | 1450 Greene Street, Augusta, GA 30901-5200 | GA | 1995-10 | $238,374,744 |
| 4 | The Community Foundation For The Greater Capital Region Inc | 6 Tower Place, Albany, NY 12203-3725 | NY | 1968-12 | $71,687,086 |
| 5 | Western Colorado Community Foundation Inc | PO BOX 4334, Grand Jct, CO 81502-4334 | CO | 1996-11 | $44,791,257 |
| 6 | Wichita Falls Area Community Foundation | 807 Eighth Street, Wichita Falls, TX 76301-3319 | TX | 1999-07 | $39,754,472 |
| 7 | Westchester Community College Foundation Inc | 75 Grasslands Rd, Valhalla, NY 10595-1550 | NY | 1970-06 | $33,951,916 |
| 8 | Santa Fe Community Foundation | PO BOX 1827, Santa Fe, NM 87504-1827 | NM | 1982-11 | $30,983,029 |
| 9 | Hyatt Hotels Foundation | 71 S Wacker Dr 12th Fl, Chicago, IL 60606-4637 | IL | 2013-11 | $20,000,738 |
| 10 | Springfield Foundation | 4 W Main St, Springfield, OH 45502-1300 | OH | 1954-07 | $19,972,853 |
| 11 | Community Foundation Of Grand Forks East Grand Forks And Region | 620 Demers Ave, Grand Forks, ND 58201-4531 | ND | 1998-01 | $4,074,971 |
| 12 | Devils Lake Area Foundation | PO BOX 160, Devils Lake, ND 58301-0160 | ND | 1976-02 | $658,745 |
| 13 | North Dakota Stockmens Foundation | 407 South 2nd Street, Bismarck, ND 58504-5535 | ND | 2008-12 | $183,038 |
| 14 | St Josephs Community Health Foundation 06-25-98 | 308 2nd Ave Sw, Minot, ND 58701-3746 | ND | 2000-04 | $171,369 |
| 15 | Minot Area Community Foundation | 606 Burdick Expressway W Ste A, Minot, ND 58701-4218 | ND | 2000-03 | $25,242 |
| 16 | Great Evangelical Foundation | Po Box 9144, Fargo, ND 58106 | ND | 2003-12 | $20,579 |
| 17 | Buffalo Community Club | PO BOX 23, Buffalo, ND 58011 | ND | 2007-05 | $0 |
| 18 | North Dakota Society Of Professional Engineers Educational | 1811 E Thayer Avenue, Bismarck, ND 58501 | ND | 2013-12 | $0 |
| 19 | Sheyenne Valley Community Foundation | 250 W Main St, Valley City, ND 58072-3321 | ND | 2014-10 | $0 |
| 20 | Tolna Community Club | PO BOX 203, Tolna, ND 58380 | ND | 2004-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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