Mandan Progress Organization EIN 45-0439012

Mandan Progress Organization FY2022 filing

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Unites businesses and citizens to help Mandan thrive and draw visitors through community events. For fiscal year 2022 it reported $1.2M in revenue, $753K in expenses, and $736K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Mandan, ND
Website
www.mandanprogress.org
Filings
5 on file (2020–2022)
Revenue
$1.2MFY2022
Expenses
$753K
Net assets
$736K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-0439012 Business league / trade association Mandan, ND
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Unites businesses and citizens to help Mandan thrive and draw visitors through community events.
Leadership
Matthew Schanandore · Executive Dir. · $77K
Money in and out
$1.2M revenue, $753K expenses
Bottom line
+35% operating surplus
Membership & operating revenue · FY2022
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$753K
Pt IX · Ln 25
Net assets
$736K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $398K
Operating surplus
+35%
revenue over expenses
Earned revenue
26%
of revenue from program services & dues
Payroll share
25%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.2M
FY2022▲ +71%
Expenses
$753K
FY2022▲ +24%
Total assets
$756K
FY2022▲ +131%
Total liabilities
$20K
FY2022▲ +24%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$753K
Pt IX · Ln 25
Net assets
$736K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$398K
Total assetsPt X · Ln 16$756K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

3 program services account for $294K of program spending, described in the organization's own filed words · FY2022.
01

The haunted fort is held from late september through october 31 at historic fort abraham lincoln. It provides excitement for over 8,600 attendees of all ages and draws crowds from throughout the region with help from over 30 volunteers.

$136Kprogram expense
02

Buggies-n-blues is held in june each year and over 500 classic cars line main street in mandan. The activities include live music and food vendors and attendance averages 25,000. Over 25 volunteers work on this event.

$98Kprogram expense
03

Community Activities

Holiday lights, mandan bucks, children's activities and events, and santa claus' arrival in mandan. More than 50 volunteers work on these events.

$60Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMandan Progress Organization
EINHdr · item D45-0439012
Principal addressHdr · item CMandan, ND
WebsiteHdr · item Jwww.mandanprogress.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MND
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFFeb 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b18
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$77,313Pt VII · Sec A
$35,200Pt VII · Sec A
Treas/Secretary
$0Pt VII · Sec A
Ex-Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Park Rep
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Matthew Schanandore’s $91K as Executive Dir. is at the 15th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Matthew Schanandore$90,991$93,991$77,313$2,391
Del Wetsch$21,663$35,200$22,806$69,087
Dorothea Frank$32,692$65,625

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$873K · 76%
Program service revenue$294K · 26%
Contributions & grants76%$873K
Program service revenue26%$294K
— government grantsLn 1e$620K
Total revenueLn 12$1.2M

Balance Sheet

Part X · end of year
CashLn 1$181K
Total assetsLn 16$756K
Total liabilitiesLn 26$20K
Total net assetsLn 32$736K
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $181K · Operating expenses/yr $753K
2.9 months
Where the money goes
Program services
Program services $0 · Total expenses $753K
not reported
Management & General
Management & general $0 · Total expenses $753K
not reported
Fundraising
Fundraising $0 · Total expenses $753K
not reported
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $261K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $873K · Total revenue $1.2M
76%
Government reliance
Government grants $620K · Total revenue $1.2M
54%
Earned-income share
Program service revenue $294K · Total revenue $1.2M
26%
Investment reliance
Investment income $-22K · Total revenue $1.2M
-2%
Program self-sufficiency
Program service revenue $294K · Total expenses $753K
39%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $673K
+71%
Net-asset trend (YoY)
End of year $736K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $753K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $756K
Net-asset ratio
Net assets $736K · Total assets $756K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $756K
0%
People & payroll
Highest Reported Total Compensation
Individual Matthew Schanandore · Reported title Executive Dir. · Highest reported compensation $77K · Total expenses $753K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $189K · Total expenses $753K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 71%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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 · 6 grants · $404K · 2020–2024
Fort Abraham Lincoln FdnFY2024$85,497
Fort Abraham Lincoln FdnFY2023$86,679
Mandan Rodeo DaysND · FY2022$110,540
Fort Abraham Lincoln FdnFY2022$99,613
Bismarck Cancer CenterND · FY2021$9,968
Bismarck Cancer CenterND · FY2020$11,657

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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
FY2024 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2023$802K revenue · ⤓ 990 PDF
FY2022$1.2M revenue · viewing · ⤓ 990 PDF
FY2021$673K revenue · ⤓ 990 PDF
FY2020$506K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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