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Kulm Community Development Corporation

Tax-deductible

Kulm, ND501(c)(3)Community DevelopmentEIN 45-0313579Revenue $225K in FY2025

On file with the IRSPo Box 223, 58456-0223 · Kulm, NDTax-exempt since Mar 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Promote the general social welfare of the community and aquire, construct buildings and develop residential and commercial sites and to carry on development business; to loan money on real estate or other securities; to join and enter into agreements with cooperating relations.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
2 of 2
filings with a surplus
Average surplus $536K a year · 83% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 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
51 mo
of spending, in cash
Looks good: 50.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$225K
-79% vs prior year
Spent
$115K
To programs
100%
Net assets
$622K
By yearFY2024–FY2025
Revenue
$225K
FY2025▼ -79%
Tap a bar for its year
Revenue by fiscal year
FY2024$1.1M
FY2025$225K
Expenses
$115K
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2024$112K
FY2025$115K
Net assets
$622K
FY2025▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2024$512K
FY2025$622K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2022.

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% · $114K Management & general 0% · $505

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Brad Jans
Director
$0Pt VII · Sec A
Jacey Land
Treasurer
$0Pt VII · Sec A
Ben Pesek
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Wes Gackle
Vice President
$0Pt VII · Sec A
See Kulm Community 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Develops communities and provides real estate financing to improve social welfare.

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Provided by the organization

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3 programs · $114K · in their own filed words · FY2025
01

Kulm Community Development Corp was awarded 2 grants in 2024 to fund the construction of a new health clinic building and it will also house the volunteer ambulance office and equipment. The building project was started in 2025 with intentions to be operational in 2026.

$67Kprogram expense
02

Kulm Hometown Events are providing community engagements to support the entire community through the annual Kulm Hometown Events celebration which includes events such as concerts, contests, Bingo, kids games, petting farm animals, rodeos, and raffles.

$42Kprogram expense
03

The laundromat was opened in 2020 to accomodate an influx of windtower workers with their needs. The idea was to keep these workers from leaving town and supporting other community grocery and hardware stores. This business now operates at a loss, but still serves the community.

$4Kprogram 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 · 2 grants · $90K · 2024–2025
Kulm Fist INC DBA Kulm GroceryFY2025$25,000
Unitemized GrantFY2024$65,465

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$225K
Ln 12
Gifts and grantsLn 1h$191K
Investment incomeLn 3$18K
Other incomeLn 4–11$13K
Money outPt IX
$115K
Ln 25
Programscol B$114K
Managementcol C$505
Owns and owesPt X
$622K
net assets · Ln 32
Cash and savingsLn 1–2$485K
Total assetsLn 16$622K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$191K
Fees for servicesLn 2g$3K
Investment incomeLn 3$18K
Other incomeLn 4–11$13K
Gains on assetsLn 7$5K
Total revenueLn 12$225K
Assets in detailPt X, end of year
CashLn 1$450K
SavingsLn 2$35K
Cash and savings togetherLn 1–2$485K
InvestmentsLn 11–13$20K
Land, buildings, equipmentLn 10c$30K
Total assetsLn 16$622K
LiabilitiesLn 26$0
Net assetsLn 32$622K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
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 FY25End FY25
Cash and savingsLn 1–2$970K$485K
InvestmentsLn 11–13$20K$20K
Land, buildings, equipmentLn 10c$30K$30K
Total assetsLn 16$1.1M$622K
LiabilitiesLn 26$602K$0
Net assetsLn 32$512K$622K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Accounting feesLn 11c$331$331
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$174$174
Depreciation, depletion and amortizationLn 22$852$852
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$80K$80K
Total functional expensesLn 25$115K$114K$505$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $225K$115K$110K$622K 990 PDF
FY2024 $1.1M$112K$962K$512K 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 FY2025 990 (6 parts)
Part I · Summary $225,045 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $923,788$191,016
I-9 Program service revenuePrior year $16,152$2,715
I-10 Investment incomePrior year $75,778$17,989
I-11 Other revenuePrior year $58,992$13,325
I-12 Total revenuePrior year $1,074,710$225,045
I-13 Grants and similar amounts paidPrior year $66,215$25,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $46,154$89,600
I-18 Total expensesPrior year $112,369$114,600
I-19 Revenue less expensesPrior year $962,341$110,445
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $225,045 across 7 lines filed
Lines not itemized here account for $8,004 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$191,016
VIII-1h Total contributions, gifts and grants$191,016
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,715$2,715
VIII-3 Investment incomeRelated to mission $13,114$13,114
VIII-7 Net gain or loss on sales of assetsRelated to mission $4,875$4,875
VIII-8 Net income from fundraising eventsUnrelated business $5,321$5,321
VIII-12 Total revenueRelated to mission $22,479 · Unrelated business $5,321 · Excluded from tax $6,229$225,045
Part IX · Statement of functional expenses $114,600 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $25,000$25,000
IX-11c Accounting feesManagement $331$331
IX-12 Advertising and promotionPrograms $1,545$1,545
IX-13 Office expensesManagement $174$174
IX-22 Depreciation, depletion and amortizationPrograms $852$852
IX-23 InsurancePrograms $6,765$6,765
IX-24 Other expenses (24a–d)Programs $79,933$79,933
IX-25 Total functional expensesPrograms $114,095 · Management $505 · Fundraising $0$114,600
Part X · Balance sheet $622,404 assets, 10 lines filed
Asset lines not itemized here account for $87,734; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $321,455$450,367
X-2 Savings and temporary cash investmentsStart of year $648,903$34,770
X-10c Land, buildings and equipment, netStart of year $30,385$29,533
X-13 Program-related investmentsStart of year $20,000$20,000
X-16 Total assetsStart of year $1,114,433$622,404
X-26 Total liabilitiesStart of year $602,500$0
X-27 Net assets without donor restrictionsStart of year $511,933$258,362
X-28 Net assets with donor restrictions$364,042
X-32 Total net assets or fund balancesStart of year $511,933$622,404
X-33 Total liabilities and net assetsStart of year $1,114,433$622,404
Part XI · Reconciliation of net assets $622,404 net assets at year end
XI-1 Total revenue$225,045
XI-2 Total expenses$114,600
XI-3 Revenue less expenses$110,445
XI-4 Net assets at start of year$511,933
XI-8 Prior period adjustments$26
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$622,404

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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