Kopperud Foundation EIN 45-0306448

Kopperud Foundation

EIN  45-0306448 Public foundation / grantmaker Grafton, ND Founded 1968
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides private funding to religious, charitable, and medical groups.
Leadership
Richard Geiger · President
Money in and out
$121K revenue, $92K expenses
Bottom line
100% program efficiency

Provides private funding to religious, charitable, and medical groups. For fiscal year 2025 it reported $121K in revenue, $92K in expenses, and $4.4M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$121K
Pt VIII · Ln 12
Total expenses
$92K
Pt IX · Ln 25
Net assets
$4.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $28K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
70.8mo
months of highly liquid reserves at operating expense rate▼ -1% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▲ +82% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$121K
FY2025▲ +20%
Expenses
$92K
FY2025▲ +6%
Total assets
$4.4M
FY2025▲ +1%
Total liabilities
$0
FY2025
Total revenue
$121K
Pt VIII · Ln 12
Total expenses
$92K
Pt IX · Ln 25
Net assets
$4.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$4.4M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $92K of program spending, described in the organization's own filed words · FY2025.
01

distribution of income to organizations for religious, charitable and medical purposes

$73Kprogram expense
02

real estate taxes paid

$12Kprogram expense
03

payment of legal fees for legal services

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKopperud Foundation
EINHdr · item D45-0306448
Principal addressHdr · item CGrafton, ND
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1968
State of legal domicileHdr · item MND
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22Z)
Ruling yearIRS BMFJul 1968

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kopperud Foundation executive salaries →

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Statement of Revenue

Part VIII
Other revenue$106K · 88%
Investment income$15K · 12%
Other revenue88%$106K
Investment income12%$15K
Total revenueLn 12$121K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$92K
Total functional expensesLn 25$92K

Balance Sheet

Part X · end of year
CashLn 1$543K
Total assetsLn 16$4.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$4.4M
Months of cash on handcomputed70.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $543K · Operating expenses/yr $92K
70.8 months
Where the money goes
Program services
Program services $92K · Total expenses $92K
100%
Management & General
Management & general $0 · Total expenses $92K
0%
Fundraising
Fundraising $0 · Total expenses $92K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $121K
0%
Government reliance
Government grants — · Total revenue $121K
Earned-income share
Program service revenue $0 · Total revenue $121K
0%
Investment reliance
Investment income $15K · Total revenue $121K
+12%
Program self-sufficiency
Program service revenue $0 · Total expenses $92K
0%
Growth & trend
Revenue growth (YoY)
This year $121K · Prior year $100K
+20%
Revenue CAGR
FY2020 $81K · FY2025 $121K
+8%
Net-asset trend (YoY)
End of year $4.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $121K · Expenses $92K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $4.4M
Net-asset ratio
Net assets $4.4M · Total assets $4.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Geiger · Reported title President · Highest reported compensation $0 · Total expenses $92K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $92K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth 20%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 30 grants · $345K · 2020–2025
Lutheran Sunset HomeND · FY2025$16,477
Grafton Lutheran ChurchFY2025$16,477
American Cancer Society INCGA · FY2025$9,154
Lutheran Sunset HomeND · FY2024$15,352
Grafton Lutheran ChurchFY2024$15,352
American Cancer Society INCGA · FY2024$8,529
Lutheran Sunset HomeND · FY2023$15,372
Grafton Lutheran ChurchFY2023$15,372
American Cancer Society INCGA · FY2023$8,540
Lutheran Sunset HomeND · FY2022$17,317
Grafton Lutheran ChurchFY2022$17,317
See all 30 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$121K revenue · viewing · ⤓ 990 PDF
FY2024$100K revenue · ⤓ 990 PDF
FY2023$89K revenue · ⤓ 990 PDF
FY2022$87K revenue · ⤓ 990 PDF
FY2021$97K revenue · ⤓ 990 PDF
FY2020$81K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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