Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990; $116K paid to officers and key staff.
Jason Zimmerman’s $135K as President is at the 39th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Jason Zimmerman | $135,333 | $124,250 | $117,500 | $106,575 | $94,725 | $75,000 |
| Ken Kitzman | — | — | — | — | — | $41,295 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Awards grants to public organizations, charities, and individuals to support and improve community well-being.
Questions for Minot Community Foundation
Your first name shows with your question. Minot Community Foundation answers here, for everyone.
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Awards grants to public and charitable organizations and individuals.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.0M | $1.5M |
| InvestmentsLn 11–13 | $20.5M | $22.9M |
| Land, buildings, equipmentLn 10c | $242K | $233K |
| Total assetsLn 16 | $22.7M | $24.7M |
| LiabilitiesLn 26 | $1.5M | $2.5M |
| Net assetsLn 32 | $21.3M | $22.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.1M | $1.1M | ||
| Pay of current officers, directors and key staffLn 5 | $116K | $51K | $28K | $37K |
| Other salaries and wagesLn 7 | $69K | $30K | $17K | $22K |
| Pension plan contributionsLn 8 | $9K | $4K | $2K | $4K |
| Payroll taxesLn 10 | $14K | $6K | $3K | $5K |
| Accounting feesLn 11c | $24K | $14K | $2K | $7K |
| Investment management feesLn 11f | $98K | $98K | ||
| Office expensesLn 13 | $12K | $7K | $1K | $4K |
| Information technologyLn 14 | $3K | $2K | $254 | $761 |
| OccupancyLn 16 | $9K | $5K | $915 | $3K |
| Depreciation, depletion and amortizationLn 22 | $9K | $5K | $902 | $3K |
| InsuranceLn 23 | $3K | $2K | $341 | $1K |
| Other expenses (24a–d)Ln 24 | $30K | $18K | $3K | $9K |
| Total functional expensesLn 25 | $1.5M | $1.4M | $59K | $95K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $4.4M | $2.3M | $2.2M | $45.5M | 990 PDF |
| FY2024 | $4.9M | $1.7M | $3.2M | $41.7M | 990 PDF |
| FY2023 | $1.8M | $1.4M | $412K | $36.7M | 990 PDF |
| FY2022 | $2.2M | $1.9M | $287K | $33.3M | 990 PDF |
| FY2021 | $16.8M | $1.2M | $15.6M | $39.2M | 990 PDF |
| FY2020 Viewing | $2.7M | $1.5M | $1.2M | $22.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $2,694,808 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 1 to look at
Part VIII · Statement of revenue $2,694,808 across 9 lines filed
Part IX · Statement of functional expenses $1,515,166 across 13 lines filed
Part X · Balance sheet $24,670,632 assets, 13 lines filed
Part XI · Reconciliation of net assets $22,129,605 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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