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La Moure Community Development Corp FY2024 filing

Not tax-deductible

Lamoure, ND501(c)(4)Since 1967EIN 45-0308878Revenue $155K in FY2024

On file with the IRSPo Box 262, 58458-0262 · Lamoure, NDTax-exempt since Jul 1967

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77¢ of each $1 spent went to programs.
Programs: Part IX

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $28K a year · 20% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 22.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$341K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$155K
+21% vs prior year
Spent
$95K
To programs
77%
Net assets
$701K
By yearFY2020–FY2025
Revenue
$155K
FY2024▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$101K
FY2021$149K
FY2022$139K
FY2023$128K
FY2024$155K
FY2025$169K
Expenses
$95K
FY2024▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$85K
FY2021$162K
FY2022$102K
FY2023$79K
FY2024$95K
FY2025$154K
Net assets
$701K
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$497K
FY2021$484K
FY2022$583K
FY2023$631K
FY2024$701K
FY2025$865K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1967.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $73K Management & general 23% · $21K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Brad Nogosek
President
$0Pt VII · Sec A
Ray Thielges
Vice President
$0Pt VII · Sec A
Vince Watkins
Secretary
$0Pt VII · Sec A
Mitch Carlson
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Art Hagebock
Director
$0Pt VII · Sec A
See La Moure Community Development Corp 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps businesses and organizations in the community thrive.

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Provided by the organization

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1 program · $73K · in their own filed words · FY2023
01

The Organization has provided grants or low interest loans to assist with economic development in the community. During fiscal year 2024, the Organization provided zero interest loans to the Happy Seniors Club and Memorial Park Country Club.

$73Kprogram expense

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 · 22 grants · $377K · 2019–2024
Lamoure Park BoardFY2024$32,578
Little Loboes Bright Beginnings INCND · FY2024$22,000
Benedictine Living CommunityFY2024$20,000
Lamoure Park BoardFY2023$16,018
Memorial Park Country ClubFY2023$15,500
Little Loboes Bright Beginnings INCND · FY2023$10,000
Happy Seniors Club INCND · FY2023$8,000
Lamoure Lions ClubFY2022$26,000
Individual RecipientFY2022$10,000
Little Loboes Bright Beginnings INCND · FY2022$10,000
Unitemized GrantFY2021$27,000
Little Loboes Bright Beginnings INCND · FY2021$20,554
Individual RecipientFY2021$10,000
Memorial Park Country ClubFY2021$8,000
Little Loboes Bright Beginnings INCND · FY2020$83,802
Memorial Park Country ClubFY2020$8,000
Lamoure LionsND · FY2020$6,000
Memorial Park Country ClubFY2019$28,000
See all 22 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$155K
Ln 12
Gifts and grantsLn 1h$124K
Other incomeLn 4–11$31K
Investment incomeLn 3$5K
Money outPt IX
$95K
Ln 25
Programscol B$73K
Managementcol C$21K
Owns and owesPt X
$701K
net assets · Ln 32
Cash and savingsLn 1–2$176K
Total assetsLn 16$1.0M
LiabilitiesLn 26$341K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$124K
Government grantsLn 1e$109K
Investment incomeLn 3$5K
Other incomeLn 4–11$31K
Gains on assetsLn 7−$18K
Total revenueLn 12$155K
Assets in detailPt X, end of year
SavingsLn 2$176K
Cash and savings togetherLn 1–2$176K
InvestmentsLn 11–13$100K
Land, buildings, equipmentLn 10c$721K
Total assetsLn 16$1.0M
LiabilitiesLn 26$341K
Net assetsLn 32$701K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderJune
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$175K$176K
InvestmentsLn 11–13$100K$100K
Land, buildings, equipmentLn 10c$747K$721K
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$400K$341K
Net assetsLn 32$631K$701K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$62K$62K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$108$108
Office expensesLn 13$203$203
OccupancyLn 16$8K$8K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$4K$4K
Total functional expensesLn 25$95K$73K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $169K$154K$16K$865K 990 PDF
FY2024 Viewing $155K$95K$60K$701K 990 PDF
FY2023 $128K$79K$49K$631K 990 PDF
FY2022 $139K$102K$37K$583K 990 PDF
FY2021 $149K$162K−$13K$484K 990 PDF
FY2020 $101K$85K$17K$497K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $154,672 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $84,232$123,835
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $8,234−$13,014
I-11 Other revenuePrior year $35,305$43,851
I-12 Total revenuePrior year $127,771$154,672
I-13 Grants and similar amounts paidPrior year $49,892$61,700
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $29,304$33,068
I-18 Total expensesPrior year $79,196$94,768
I-19 Revenue less expensesPrior year $48,575$59,904
Part VI · Governance 7 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $154,672 across 9 lines filed
VIII-1b Membership dues$200
VIII-1e Government grants$108,635
VIII-1f All other contributions, gifts and grants$15,000
VIII-1h Total contributions, gifts and grants$123,835
VIII-3 Investment incomeExcluded from tax $4,685$4,685
VIII-5 RoyaltiesExcluded from tax $33,851$33,851
VIII-6 Net rental income or lossExcluded from tax $10,000$10,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$17,699−$17,699
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $30,837$154,672
Part IX · Statement of functional expenses $94,768 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $61,700$61,700
IX-11c Accounting feesManagement $8,267$8,267
IX-12 Advertising and promotionManagement $108$108
IX-13 Office expensesManagement $203$203
IX-16 OccupancyManagement $8,426$8,426
IX-20 InterestPrograms $1,358$1,358
IX-22 Depreciation, depletion and amortizationPrograms $10,254$10,254
IX-23 InsuranceManagement $4,452$4,452
IX-25 Total functional expensesPrograms $73,312 · Management $21,456 · Fundraising $0$94,768
Part X · Balance sheet $1,042,455 assets, 10 lines filed
Asset lines not itemized here account for $45,000; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $175,446$176,464
X-10c Land, buildings and equipment, netStart of year $747,009$720,991
X-12 Other securitiesStart of year $100,000$100,000
X-16 Total assetsStart of year $1,031,637$1,042,455
X-18 Grants payableStart of year $45,188$6,750
X-26 Total liabilitiesStart of year $400,261$341,227
X-27 Net assets without donor restrictionsStart of year $524,466$676,228
X-28 Net assets with donor restrictionsStart of year $106,910$25,000
X-32 Total net assets or fund balancesStart of year $631,376$701,228
X-33 Total liabilities and net assetsStart of year $1,031,637$1,042,455
Part XI · Reconciliation of net assets $701,228 net assets at year end
XI-1 Total revenue$154,672
XI-2 Total expenses$94,768
XI-3 Revenue less expenses$59,904
XI-4 Net assets at start of year$631,376
XI-8 Prior period adjustments$9,948
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$701,228

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

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