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Munich Area Development Corporation

Not tax-deductible

Munich, ND501(c)(4)EIN 36-3364172

The entity operates a low-income apartment complex and operates video gaming machines with the proceeds used for various civic needs in munich ND and neighboring communities.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $134K a year · 52% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
68 mo
of spending, in cash
Looks good: 68.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$227K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$290K
+30% vs prior year
Spent
$171K
To programs
100%
Net assets
$892K
By yearFY2019–FY2024
Revenue
$290K
FY2024▲ +30%
Revenue by fiscal year
FY2019$86K
FY2020$484K
FY2021$273K
FY2022$200K
FY2023$224K
FY2024$290K
Expenses
$171K
FY2024▼ -12%
Expenses by fiscal year
FY2019$26K
FY2020$93K
FY2021$162K
FY2022$108K
FY2023$194K
FY2024$171K
Net assets
$892K
FY2024▲ +15%
Net assets by fiscal year
FY2019$150K
FY2020$540K
FY2021$651K
FY2022$743K
FY2023$773K
FY2024$892K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $171K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Galen Fetsch
President (current)
$0Pt VII · Sec A
Richard Zimmer
President (past)
$0Pt VII · Sec A
Brian Hoffman
Vice President
$0Pt VII · Sec A
Roger Wirth
Treasurer
$0Pt VII · Sec A
Matt Mitzel
Director
$0Pt VII · Sec A
Bobby Foster
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Munich Area Development Corporation executive salaries →

Are you one of these people? Claim this org to confirm your role

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 15aNo

Programs and updates

Provides affordable housing and uses gaming revenue for local community needs.

Provided by the organization

This section is blank until Munich Area Development Corporation claims this page.

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1 program service account for $171K of program spending, described in the organization's own filed words · FY2024.
01

Organization provides low-income housing and provides grants to various local civic organizations.

$171Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 30 grants · $498K · 2019–2024
Munich School DistrictFY2024$40,750
St John Fire DeptFY2024$30,000
Munich Community ImprovementFY2024$20,000
Rock Lake Rural Fire Protection DistrictND · FY2024$11,115
Byron Dorgan Youth Wellness CenterND · FY2024$10,839
City of MunichFY2023$75,512
St John Fire DeptFY2023$20,000
Byron Dorgan Youth Wellness CenterND · FY2023$16,000
Munich Community ImprovementFY2023$14,400
Rock Lake Rural Fire Protection DistrictND · FY2023$8,117
Munich Heritage Org LLCFY2023$7,500
Rolette County Historical SocietyND · FY2023$7,000
St John Fire DeptFY2022$30,000
Munich Community ImprovementFY2022$18,500
Rock Lake Rural Fire Protection DistrictND · FY2022$12,019
Byron Dorgan Youth Wellness CenterND · FY2022$9,441
Munich Rural Fire DistrictND · FY2021$20,000
St John Fire DeptFY2021$20,000
See all 30 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$290K
Ln 12
Other incomeLn 4–11$278K
Investment incomeLn 3$12K
Money outPt IX
$171K
Ln 25
Programscol B$171K
Owns and owesPt X
$892K
net assets · Ln 32
Cash and savingsLn 1–2$972K
Total assetsLn 16$1.1M
LiabilitiesLn 26$227K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$12K
Other incomeLn 4–11$278K
Total revenueLn 12$290K
Assets in detailPt X, end of year
CashLn 1$817K
SavingsLn 2$155K
Cash and savings togetherLn 1–2$972K
Land, buildings, equipmentLn 10c$147K
Total assetsLn 16$1.1M
LiabilitiesLn 26$227K
Net assetsLn 32$892K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$855K$972K
Land, buildings, equipmentLn 10c$151K$147K
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$233K$227K
Net assetsLn 32$773K$892K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$165K$165K
Other salaries and wagesLn 7$6K$6K$0$0
Payroll taxesLn 10$714$714$0$0
Total functional expensesLn 25$171K$171K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $290K$171K$119K$892K 990 PDF
FY2023 $224K$194K$30K$773K 990 PDF
FY2022 $200K$108K$92K$743K 990 PDF
FY2021 $273K$162K$110K$651K 990 PDF
FY2020 $484K$93K$391K$540K 990 PDF
FY2019 $86K$26K$60K$150K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $290,391 across 3 lines filed
Lines not itemized here account for $270,582 of total revenue; see the IRS return.
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$12,388
VIII-6 Net rental income or lossRelated to mission $7,421$7,421
VIII-12 Total revenueRelated to mission $290,391 · Unrelated business $0 · Excluded from tax $0$290,391
Part IX · Statement of functional expenses $171,191 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $164,789$164,789
IX-7 Other salaries and wagesPrograms $5,688 · Management $0 · Fundraising $0$5,688
IX-10 Payroll taxesPrograms $714 · Management $0 · Fundraising $0$714
IX-25 Total functional expensesPrograms $171,191 · Management $0 · Fundraising $0$171,191
Part X · Balance sheet $1,119,228 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $787,239$816,694
X-2 Savings and temporary cash investmentsStart of year $68,135$155,334
X-10c Land, buildings and equipment, netStart of year $150,700$147,200
X-16 Total assetsStart of year $1,006,074$1,119,228
X-26 Total liabilitiesStart of year $232,914$226,868
X-32 Total net assets or fund balancesStart of year $773,160$892,360
X-33 Total liabilities and net assetsStart of year $1,006,074$1,119,228
Part XI · Reconciliation of net assets $892,360 net assets at year end
XI-1 Total revenue$290,391
XI-2 Total expenses$171,191
XI-3 Revenue less expenses$119,200
XI-4 Net assets at start of year$773,160
XI-10 Net assets at end of year$892,360

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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