Minot Area Community Foundation
EIN: 311689978 · Minot, ND · NTEE: T31
| Metric | Value |
|---|---|
| Total Revenue | $66K |
| Total Expenses | $585 |
| Net Assets | $335K |
Is Minot Area Community Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Minot Area Community Foundation
Minot Area Community Foundation (EIN: 311689978) is a nonprofit organization based in Minot, ND, classified under NTEE code T31. The organization reported total revenue of $66K and total assets of $397K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minot Area Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minot Area Community Foundation is a micro nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $585 |
| Surplus / Deficit | +$50K |
| Total Assets | $335K |
| Net Assets | $335K |
| Operating Margin | 98.8% |
| Months of Reserves | 6868.4 months |
Financial Health Grade: A
In 2023, Minot Area Community Foundation reported a surplus of $50K with revenue exceeding expenses, holds 6868.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Minot Area Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +122.4% | -76.2% | +18.8% |
| 2022 | -9.3% | +117.7% | +4.6% |
| 2021 | -58.6% | +12.7% | +10.3% |
| 2020 | +231.9% | +43.1% | +12.5% |
| 2019 | -30.9% | -60.2% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Minot Area Community Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Minot Area Community Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $50K, with revenue exceeding expenses.
Frequently Asked Questions about Minot Area Community Foundation
Is Minot Area Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Minot Area Community Foundation (EIN: 311689978) insufficient data. 0 red flags identified, 0 strengths noted.
How does Minot Area Community Foundation spend its money?
Detailed spending breakdown data is not yet available for Minot Area Community Foundation. Check back for updated IRS 990 analysis.
Are donations to Minot Area Community Foundation tax-deductible?
Minot Area Community Foundation is registered as a tax-exempt nonprofit (EIN: 311689978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Minot Area Community Foundation located?
Minot Area Community Foundation is headquartered in Minot, North Dakota and files with the IRS under EIN 311689978. It is classified under NTEE code T31.
How many years of IRS 990 filings does Minot Area Community Foundation have?
Minot Area Community Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $66K in total revenue.
Filing History
IRS 990 filing history for Minot Area Community Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Minot Area Community Foundation's revenue has grown by 140.1%, moving from $21K to $50K. Total assets increased by 386.4% over the same period, from $69K to $335K. Total functional expenses rose by 8.3%, from $540 to $585. In its most recent filing year (2023), Minot Area Community Foundation reported a surplus of $50K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $585 | $335K | $0 | — | View 990 |
| 2022 | $23K | $2K | $282K | $0 | — | View 990 |
| 2021 | $25K | $1K | $269K | $0 | — | — |
| 2020 | $60K | $1K | $244K | $0 | — | — |
| 2019 | $18K | $699 | $217K | $34K | — | View 990 |
| 2018 | $26K | $2K | $198K | $32K | — | View 990 |
| 2017 | $11K | $3K | $186K | $34K | — | — |
| 2016 | $15K | $771 | $169K | $32K | — | View 990 |
| 2015 | $18K | $997 | $156K | $23K | — | View 990 |
| 2014 | $21K | $898 | $138K | $29K | — | View 990 |
| 2013 | $25K | $6K | $117K | $29K | — | View 990 |
| 2012 | $28K | $3K | $95K | $29K | — | View 990 |
| 2011 | $21K | $540 | $69K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $585, and assets of $335K (revenue +122.4% year-over-year).
- 2022: Revenue of $23K, expenses of $2K, and assets of $282K (revenue -9.3% year-over-year).
- 2021: Revenue of $25K, expenses of $1K, and assets of $269K (revenue -58.6% year-over-year).
- 2020: Revenue of $60K, expenses of $1K, and assets of $244K (revenue +231.9% year-over-year).
- 2019: Revenue of $18K, expenses of $699, and assets of $217K (revenue -30.9% year-over-year).
- 2018: Revenue of $26K, expenses of $2K, and assets of $198K (revenue +132.5% year-over-year).
- 2017: Revenue of $11K, expenses of $3K, and assets of $186K (revenue -25.7% year-over-year).
- 2016: Revenue of $15K, expenses of $771, and assets of $169K (revenue -17.1% year-over-year).
- 2015: Revenue of $18K, expenses of $997, and assets of $156K (revenue -10.7% year-over-year).
- 2014: Revenue of $21K, expenses of $898, and assets of $138K (revenue -18.7% year-over-year).
- 2013: Revenue of $25K, expenses of $6K, and assets of $117K (revenue -8.8% year-over-year).
- 2012: Revenue of $28K, expenses of $3K, and assets of $95K (revenue +32.0% year-over-year).
- 2011: Revenue of $21K, expenses of $540, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minot Area Community Foundation:
Data Sources and Methodology
This transparency report for Minot Area Community Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.