Minot Community Foundation
Minot Community Foundation shows consistent asset growth and no reported officer compensation over a decade.
EIN: 10589927 · Minot, ND · NTEE: S20 · Updated: 2026-03-28
Is Minot Community Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Minot Community Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Minot Community Foundation
Minot Community Foundation (EIN: 10589927) is a nonprofit organization based in Minot, ND, classified under NTEE code S20. The organization reported total revenue of $11.6M and total assets of $42.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minot Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Minot Community Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Minot Community Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Minot Community Foundation has consistently reported 0% officer compensation across all available IRS 990 filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with assets exceeding $38 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Minot Community Foundation's IRS 990 filings:
- Significant revenue volatility year-over-year (e.g., $16.7M in 2021 vs. $1.7M in 2023) could indicate reliance on large, infrequent contributions or market-dependent investment gains, which might impact long-term planning if not managed carefully.
- Lack of detailed expense breakdown in the provided data prevents a precise assessment of program vs. administrative spending ratios.
Strengths
The following positive indicators were identified for Minot Community Foundation:
- Consistent asset growth, from $18,092,097 in 2014 to $38,026,246 in 2023, indicates strong financial stewardship and sustainability.
- Expenses consistently lower than revenue across most years, demonstrating prudent financial management and an ability to build reserves.
- Zero reported officer compensation across all filings, suggesting a highly efficient use of funds or a volunteer-led executive structure, which enhances donor confidence.
- Low liabilities relative to assets (e.g., $1,370,919 liabilities vs. $38,026,246 assets in 2023) indicates a healthy balance sheet.
Frequently Asked Questions about Minot Community Foundation
Is Minot Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Minot Community Foundation (EIN: 10589927) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Minot Community Foundation spend its money?
Minot Community Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Minot Community Foundation tax-deductible?
Minot Community Foundation is registered as a tax-exempt nonprofit (EIN: 10589927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Minot Community Foundation a good charity?
Based on the provided data, the Minot Community Foundation appears to be a well-managed organization with strong financial health, consistent asset growth, and no reported officer compensation, which are positive indicators for a charity.
How has the Minot Community Foundation's financial health changed over time?
The foundation's assets have grown significantly from $18,092,097 in 2014 to $38,026,246 in 2023, demonstrating strong financial growth and stability. Revenue has fluctuated, with a peak of $16,782,314 in 2021, but expenses have remained controlled relative to revenue.
What is the Minot Community Foundation's approach to executive compensation?
The Minot Community Foundation has reported 0% officer compensation in all available IRS 990 filings, suggesting that no salaries or other compensation were paid to its officers, directors, trustees, or key employees.
Filing History
IRS 990 filing history for Minot Community Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Minot Community Foundation's revenue has declined by 81%, moving from $9.3M to $1.8M. Total assets increased by 123.6% over the same period, from $17.0M to $38.0M. Total functional expenses fell by 62.9%, from $3.6M to $1.4M. In its most recent filing year (2023), Minot Community Foundation reported a surplus of $412K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $38.0M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $36.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.4M | $38.0M | $1.4M | — | View 990 |
| 2022 | $2.2M | $1.9M | $35.2M | $1.9M | — | View 990 |
| 2021 | $16.8M | $1.2M | $41.2M | $2.0M | — | View 990 |
| 2020 | $2.7M | $1.5M | $24.7M | $2.5M | — | — |
| 2019 | $1.2M | $1.0M | $22.7M | $1.5M | — | View 990 |
| 2018 | $2.7M | $1.9M | $19.4M | $1.2M | — | View 990 |
| 2017 | $2.1M | $1.8M | $21.3M | $979K | — | — |
| 2016 | $4.0M | $1.6M | $19.2M | $522K | — | View 990 |
| 2015 | $2.2M | $1.6M | $17.8M | $891K | — | View 990 |
| 2014 | $2.3M | $1.2M | $18.1M | $685K | — | View 990 |
| 2013 | $2.0M | $1.6M | $17.2M | $693K | — | View 990 |
| 2012 | $1.7M | $4.8M | $15.6M | $710K | — | View 990 |
| 2011 | $9.3M | $3.6M | $17.0M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.4M, and assets of $38.0M (revenue -20.4% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.9M, and assets of $35.2M (revenue -86.8% year-over-year).
- 2021: Revenue of $16.8M, expenses of $1.2M, and assets of $41.2M (revenue +522.8% year-over-year).
- 2020: Revenue of $2.7M, expenses of $1.5M, and assets of $24.7M (revenue +121.8% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.0M, and assets of $22.7M (revenue -54.7% year-over-year).
- 2018: Revenue of $2.7M, expenses of $1.9M, and assets of $19.4M (revenue +25.3% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.8M, and assets of $21.3M (revenue -47.0% year-over-year).
- 2016: Revenue of $4.0M, expenses of $1.6M, and assets of $19.2M (revenue +83.2% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.6M, and assets of $17.8M (revenue -2.7% year-over-year).
- 2014: Revenue of $2.3M, expenses of $1.2M, and assets of $18.1M (revenue +12.7% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.6M, and assets of $17.2M (revenue +17.8% year-over-year).
- 2012: Revenue of $1.7M, expenses of $4.8M, and assets of $15.6M (revenue -81.6% year-over-year).
- 2011: Revenue of $9.3M, expenses of $3.6M, and assets of $17.0M.
Data Sources and Methodology
This transparency report for Minot 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.