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Forman Community Development Corporation

Not tax-deductible

Forman, ND501(c)(4) EIN 45-0427053Revenue $166K in FY2025Latest return filed Nov 21, 2025

On file with the IRSPo Box 31, 58032-0031 · Forman, NDTax-exempt since Apr 1993

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To assist in the establishment of businesses in Forman, ND to enhance the general economy of the area

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
99¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · 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
4 of 6
filings with a surplus
Average surplus $41K a year · 18% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
25 mo
of spending, in cash
Looks good: 25.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$166K
+10% vs prior year
Spent
$196K
To programs
99%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$166K
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$246K
FY2021$246K
FY2022$353K
FY2023$223K
FY2024$151K
FY2025$166K
Expenses
$196K
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$178K
FY2021$201K
FY2022$193K
FY2023$188K
FY2024$185K
FY2025$196K
Net assets
$2.1M
FY2025▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$1.9M
FY2022$2.1M
FY2023$2.1M
FY2024$2.1M
FY2025$2.1M

From the FY2025 Form 990 (year ending August 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1993.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $195K Management & general 1% · $1K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Kali Colbert
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kevin Bopp
Secretary/Tr
$0Pt VII · Sec A
David Martinsen
Vice Preside
$0Pt VII · Sec A
See Forman 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

Programs and updates

Helps start businesses in Forman, ND to boost the local economy.

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1 program · in their own filed words · FY2024
01

Provide adequate and affordabe housing and commercial rental space

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$166K
Ln 12
Fees for servicesLn 2g$165K
Investment incomeLn 3$859
Money outPt IX
$196K
Ln 25
Programscol B$195K
Managementcol C$1K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$414K
Total assetsLn 16$3.4M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$165K
Investment incomeLn 3$859
Total revenueLn 12$166K
Assets in detailPt X, end of year
CashLn 1$210K
SavingsLn 2$203K
Cash and savings togetherLn 1–2$414K
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$232K
Total assetsLn 16$3.4M
LiabilitiesLn 26$1.3M
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderAugust
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$463K$414K
Land, buildings, equipmentLn 10c$2.8M$2.7M
Total assetsLn 16$3.5M$3.4M
LiabilitiesLn 26$1.4M$1.3M
Net assetsLn 32$2.1M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$954$51
Accounting feesLn 11c$2K$2K$97
Other fees for servicesLn 11g$38K$37K$1K
Advertising and promotionLn 12$30$28$2
Office expensesLn 13$72$68$4
InterestLn 20$53K$53K
Depreciation, depletion and amortizationLn 22$94K$94K
InsuranceLn 23$9K$9K
Total functional expensesLn 25$196K$195K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Nov 21, 2025 $166K$196K−$30K$2.1M 990 PDF
FY2024Filed with the IRS Feb 4, 2025 $151K$185K−$34K$2.1M 990 PDF
FY2023Filed with the IRS Jan 29, 2024 $223K$188K$35K$2.1M 990 PDF
FY2022Filed with the IRS Feb 21, 2023 $353K$193K$159K$2.1M 990 PDF
FY2021Filed with the IRS Nov 10, 2021 $246K$201K$45K$1.9M 990 PDF
FY2020Filed with the IRS Jan 21, 2021 $246K$178K$68K$1.9M 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 FY2025 990 (6 parts)
Part I · Summary $165,744 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$164,885
I-10 Investment income$859
I-11 Other revenue$0
I-12 Total revenue$165,744
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$196,208
I-18 Total expenses$196,208
I-19 Revenue less expenses−$30,464
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
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 $165,744 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $164,885$164,885
VIII-3 Investment incomeRelated to mission $859$859
VIII-12 Total revenueRelated to mission $165,744$165,744
Part IX · Statement of functional expenses $196,208 across 8 lines filed
IX-11b Legal feesPrograms $954 · Management $51$1,005
IX-11c Accounting feesPrograms $1,838 · Management $97$1,935
IX-11g Other fees for servicesPrograms $36,738 · Management $1,024$37,762
IX-12 Advertising and promotionPrograms $28 · Management $2$30
IX-13 Office expensesPrograms $68 · Management $4$72
IX-20 InterestPrograms $53,091$53,091
IX-22 Depreciation, depletion and amortizationPrograms $93,623$93,623
IX-23 InsurancePrograms $8,690$8,690
IX-25 Total functional expensesPrograms $195,030 · Management $1,178 · Fundraising $0$196,208
Part X · Balance sheet $3,376,543 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $259,912$210,316
X-2 Savings and temporary cash investmentsStart of year $203,246$203,245
X-10c Land, buildings and equipment, netStart of year $2,825,104$2,731,482
X-15 Other assetsStart of year $166,502$231,500
X-16 Total assetsStart of year $3,454,764$3,376,543
X-17 Accounts payable and accrued expensesStart of year $16,000$15,999
X-25 Other liabilitiesStart of year $1,334,760$1,287,004
X-26 Total liabilitiesStart of year $1,350,760$1,303,003
X-27 Net assets without donor restrictionsStart of year $2,104,004$2,073,540
X-32 Total net assets or fund balancesStart of year $2,104,004$2,073,540
X-33 Total liabilities and net assetsStart of year $3,454,764$3,376,543
Part XI · Reconciliation of net assets $2,073,540 net assets at year end
XI-1 Total revenue$165,744
XI-2 Total expenses$196,208
XI-3 Revenue less expenses−$30,464
XI-4 Net assets at start of year$2,104,004
XI-10 Net assets at end of year$2,073,540

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

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