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Munich Area Development Corporation FY2019 filing

Not tax-deductible

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

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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

FY2019 · 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
109 mo
of spending, in cash
Looks good: 109.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$252K
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
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
$86K
Spent
$26K
To programs
100%
Net assets
$150K
By yearFY2019–FY2024
Revenue
$86K
FY2019
Revenue by fiscal year
FY2019$86K
FY2020$484K
FY2021$273K
FY2022$200K
FY2023$224K
FY2024$290K
Expenses
$26K
FY2019
Expenses by fiscal year
FY2019$26K
FY2020$93K
FY2021$162K
FY2022$108K
FY2023$194K
FY2024$171K
Net assets
$150K
FY2019
Net assets by fiscal year
FY2019$150K
FY2020$540K
FY2021$651K
FY2022$743K
FY2023$773K
FY2024$892K

From the FY2019 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →

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% · $26K

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

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$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 →

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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 15aNo

Programs and updates

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

Provided by the organization

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1 program service account for $26K of program spending, described in the organization's own filed words · FY2019.
01

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

$26Kprogram 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 FY2019 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$86K
Ln 12
Other incomeLn 4–11$85K
Investment incomeLn 3$1K
Money outPt IX
$26K
Ln 25
Programscol B$26K
Owns and owesPt X
$150K
net assets · Ln 32
Cash and savingsLn 1–2$237K
Total assetsLn 16$402K
LiabilitiesLn 26$252K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1K
Other incomeLn 4–11$85K
Total revenueLn 12$86K
Assets in detailPt X, end of year
CashLn 1$172K
SavingsLn 2$65K
Cash and savings togetherLn 1–2$237K
Land, buildings, equipmentLn 10c$165K
Total assetsLn 16$402K
LiabilitiesLn 26$252K
Net assetsLn 32$150K
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 FY19End FY19
Cash and savingsLn 1–2$237K
Land, buildings, equipmentLn 10c$165K
Total assetsLn 16$0$402K
LiabilitiesLn 26$0$252K
Net assetsLn 32$0$150K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Other salaries and wagesLn 7$4K$4K$0$0
Payroll taxesLn 10$326$326$0$0
Total functional expensesLn 25$26K$26K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $86K$26K$60K$150K 990 PDF

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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 FY2019 990 (4 parts)
Part VIII · Statement of revenue $85,801 across 3 lines filed
Lines not itemized here account for $81,069 of total revenue; see the IRS return.
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1,085
VIII-6 Net rental income or lossRelated to mission $3,647$3,647
VIII-12 Total revenueRelated to mission $85,801 · Unrelated business $0 · Excluded from tax $0$85,801
Part IX · Statement of functional expenses $25,965 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $21,981$21,981
IX-7 Other salaries and wagesPrograms $3,658 · Management $0 · Fundraising $0$3,658
IX-10 Payroll taxesPrograms $326 · Management $0 · Fundraising $0$326
IX-25 Total functional expensesPrograms $25,965 · Management $0 · Fundraising $0$25,965
Part X · Balance sheet $401,514 assets, 8 lines filed
X-1 Cash, non-interest-bearing$171,814
X-2 Savings and temporary cash investments$65,000
X-10c Land, buildings and equipment, net$164,700
X-16 Total assetsStart of year $0$401,514
X-17 Accounts payable and accrued expenses$625
X-26 Total liabilitiesStart of year $0$251,907
X-32 Total net assets or fund balancesStart of year $0$149,607
X-33 Total liabilities and net assetsStart of year $0$401,514
Part XI · Reconciliation of net assets $149,607 net assets at year end
XI-1 Total revenue$85,801
XI-2 Total expenses$25,965
XI-3 Revenue less expenses$59,836
XI-4 Net assets at start of year$89,770
XI-10 Net assets at end of year$149,607

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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