The Devils Lake Area Foundation FY2023 filing

Tax-deductible

Devils Lake, ND501(c)(3)Since 1975Foundations & GrantmakersEIN 46-6040496

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Distribute income earned on the organizations assets to charitable organizations in the Devils Lake, ND Area.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $202K a year · 49% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
35 mo
of spending, in cash
Looks good: 35.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $216K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.9M
29% of total assets
Looks good: liabilities are 29% 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
$328K
-14% vs prior year
Spent
$238K
To programs
69%
Net assets
$7.0M
By yearFY2021–FY2024
Revenue
$328K
FY2023▼ -14%
Revenue by fiscal year
FY2021$546K
FY2022$382K
FY2023$328K
FY2024$381K
FY2024$750K
Expenses
$238K
FY2023▲ +36%
Expenses by fiscal year
FY2021$159K
FY2022$175K
FY2023$238K
FY2024$258K
FY2024$275K
Net assets
$7.0M
FY2023▲ +1%
Net assets by fiscal year
FY2021$7.7M
FY2022$7.0M
FY2023$7.0M
FY2024$8.0M
FY2024$8.7M

From the FY2023 Form 990 (year ending November 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1976.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $164K Management & general 26% · $62K Fundraising 5% · $12K

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

9 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$61,785Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

First United Bank’s $68K as Trustee is at the 64th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Ramsey National Bank———$80,414$80,844
First United Bank$67,809$62,949$61,785——

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.

See The Devils Lake Area Foundation 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

Distributes income from its assets to charities in the Devils Lake, ND area.

Provided by the organization

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1 program · $164K · in their own filed words · FY2022
01

Awarding of grants to charitable organizations within the devils lake area.

$164Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$216K
Grants paid · 37 grants · $614K · 2020–2024
Devils Lake Public SchoolsFY2024$52,901
Lake Region State CollegeFY2024$13,152
Devils Lake Park DistrictFY2024$11,614
Lake Region Public LibraryFY2024$10,230
St Olaf Lutheran ChurchND · FY2024$6,657
Hope CenterFY2024$5,779
Devils Lake Public SchoolsFY2023$56,042
Lake Region State CollegeFY2023$14,586
Lake Region Public LibraryFY2023$11,316
See all 37 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$328K
Ln 12
Investment incomeLn 3$229K
Gifts and grantsLn 1h$95K
Other incomeLn 4–11$4K
Money outPt IX
$238K
Ln 25
Programscol B$164K
Managementcol C$62K
Fundraisingcol D$12K
Owns and owesPt X
$7.0M
net assets · Ln 32
Cash and savingsLn 1–2$703K
Total assetsLn 16$10.0M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95K
Investment incomeLn 3$229K
Other incomeLn 4–11$4K
Gains on assetsLn 7$59K
Total revenueLn 12$328K
Assets in detailPt X, end of year
CashLn 1$703K
Cash and savings togetherLn 1–2$703K
InvestmentsLn 11–13$8.3M
Other assetsLn 15$996K
Total assetsLn 16$10.0M
LiabilitiesLn 26$2.9M
Net assetsLn 32$7.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$259K$703K
InvestmentsLn 11–13$8.5M$8.3M
Total assetsLn 16$9.8M$10.0M
LiabilitiesLn 26$2.8M$2.9M
Net assetsLn 32$7.0M$7.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$164K$164K
Management feesLn 11a$55K$55K
Accounting feesLn 11c$7K$7K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$238K$164K$62K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $381K$258K$124K$8.0M 990 PDF
FY2023 Viewing $328K$238K$90K$7.0M 990 PDF
FY2022 $382K$175K$207K$7.0M 990 PDF
FY2021 $546K$159K$387K$7.7M 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 FY2023 990 (5 parts)
Part I · Summary $327,747 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $163,870$94,800
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $216,435$228,803
I-11 Other revenuePrior year $1,373$4,144
I-12 Total revenuePrior year $381,678$327,747
I-13 Grants and similar amounts paidPrior year $100,759$164,432
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $53,720$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $20,174$73,815
I-18 Total expensesPrior year $174,653$238,247
I-19 Revenue less expensesPrior year $207,025$89,500
Part VIII · Statement of revenue $327,747 across 6 lines filed
VIII-1f All other contributions, gifts and grants$94,800
VIII-1h Total contributions, gifts and grants$94,800
VIII-3 Investment incomeExcluded from tax $169,416$169,416
VIII-7 Net gain or loss on sales of assetsExcluded from tax $59,387$59,387
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,144$4,144
VIII-12 Total revenueRelated to mission $4,144 · Unrelated business $0 · Excluded from tax $228,803$327,747
Part IX · Statement of functional expenses $238,247 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $164,432$164,432
IX-11a Management feesManagement $54,821$54,821
IX-11c Accounting feesManagement $6,964$6,964
IX-24 Other expenses (24a–d)Fundraising $12,030$12,030
IX-25 Total functional expensesPrograms $164,432 · Management $61,785 · Fundraising $12,030$238,247
Part X · Balance sheet $9,951,918 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $259,407$703,489
X-12 Other securitiesStart of year $8,535,918$8,252,790
X-15 Other assetsStart of year $993,001$995,639
X-16 Total assetsStart of year $9,788,326$9,951,918
X-25 Other liabilitiesStart of year $2,822,703$2,913,337
X-26 Total liabilitiesStart of year $2,822,703$2,913,337
X-27 Net assets without donor restrictionsStart of year $2,178,177$2,171,677
X-28 Net assets with donor restrictionsStart of year $4,787,446$4,866,904
X-32 Total net assets or fund balancesStart of year $6,965,623$7,038,581
X-33 Total liabilities and net assetsStart of year $9,788,326$9,951,918
Part XI · Reconciliation of net assets $7,038,581 net assets at year end
XI-1 Total revenue$327,747
XI-2 Total expenses$238,247
XI-3 Revenue less expenses$89,500
XI-4 Net assets at start of year$6,965,623
XI-5 Net unrealized gains (losses) on investments−$19,180
XI-9 Other changes in net assets$2,638
XI-10 Net assets at end of year$7,038,581

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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