Chamber Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 81-5479845)

Revenue by fiscal year
FY2022	$540K
FY2023	$1.4M
FY2024	$2.7M
FY2024	$870K

Expenses by fiscal year
FY2022	$458K
FY2023	$1.2M
FY2024	$2.9M
FY2024	$961K

Net assets by fiscal year
FY2022	$307K
FY2023	$557K
FY2024	$381K
FY2024	$289K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2018.

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

Where the money goes

80 cents of each dollar spent went to programs.

80%

20%

Program services 80% · $949K Management & general 20% · $238K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Peter Stenjhem

Treasurer

$0Pt VII · Sec A

Tami Norgard

Chair

$0Pt VII · Sec A

Chad Flanagan

Vice Chair

$0Pt VII · Sec A

Shannon Full

Secretary

$0Pt VII · Sec A

Jim Parsons

Executive VP (left 10/2022)

$0Pt VII · Sec A

Nicole Meland

Vice President (stared 7/2023)

$0Pt VII · Sec A

See Chamber Foundation executive salaries →

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

Enhances regional quality of life by growing the workforce and fostering a positive business climate.

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1 program · $949K · in their own filed words · FY2022

01

The ignite initiative drives continued success for the regional business community using multiple components: ignite FMWF, the community concierge program, and edventures. The ignite initiative regional workforce training system which is a systematic approach to training and development in the agriculture, manufacturing and technology…

$949Kprogram 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 · FY2023

Columbia Basin FoundationFY2023$50K

Total grants receivedfrom 1 funder$50K

Grants paid · 11 grants · $768K · 2022–2024

Emerging PrairieND · FY2024$63,933

North Dakota State College of ScienceND · FY2024$35,671

Grand Farm Research and Education Initiative INCND · FY2024$17,811

Folkways Community Development CorporationFY2023$206,216

Emerging PrairieND · FY2023$147,647

University of MaryND · FY2023$89,980

Grand Farm Research and Education Initiative INCND · FY2023$60,496

Folkways Community Development CorporationFY2022$63,739

Emerging PrairieND · FY2022$50,086

Grand Farm Research and Education Initiative INCND · FY2022$26,156

Minnesota State Colleges and UniversitiesFY2022$6,000

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Dec 2025 · $2.9M federal money spent

Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Direct$2.6M

Technology, Innovation, and PartnershipsNational Science Foundation · ALN 47.084 · Through North Dakota State University$336K

The auditor reported no findings.

Year ending Dec 2024 · $2.8M federal money spent

Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Direct$2.0M

Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through North Dakota Dept of Commerce, Workforce Development Division$598K

Nsf Technology, Innovation, and PartnershipsNational Science Foundation · ALN 47.084 · Through North Dakota State University$190K

The auditor reported 9 findings: a material weakness in money controls.

Year ending Aug 2023 · $783K federal money spent

Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Direct$430K

Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through North Dakota Department of Commerce, Workforce Development Division$353K

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.4M

Ln 12

Gifts and grantsLn 1h$1.4M

Investment incomeLn 3$1K

Money outPt IX

$1.2M

Ln 25

Programscol B$949K

Managementcol C$238K

Owns and owesPt X

$557K

net assets · Ln 32

Cash and savingsLn 1–2$634K

Total assetsLn 16$639K

LiabilitiesLn 26$82K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.4M

Government grantsLn 1e$805K

Investment incomeLn 3$1K

Total revenueLn 12$1.4M

Assets in detailPt X, end of year

CashLn 1$568K

SavingsLn 2$66K

Cash and savings togetherLn 1–2$634K

Total assetsLn 16$639K

LiabilitiesLn 26$82K

Net assetsLn 32$557K

OperationsPt I, VI

EmployeesI 50

VolunteersI 650

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$307K	$634K
Total assetsLn 16	$307K	$639K
LiabilitiesLn 26	$0	$82K
Net assetsLn 32	$307K	$557K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$165K	$165K
Management feesLn 11a	$2K		$2K
Legal feesLn 11b	$12K		$12K
Other fees for servicesLn 11g	$21K		$21K
Advertising and promotionLn 12	$55K	$54K	$1K
Information technologyLn 14	$268K	$266K	$2K
TravelLn 17	$22K	$14K	$8K
Conferences, conventions and meetingsLn 19	$159	$159
InsuranceLn 23	$6K	$978	$5K
Other expenses (24a–d)Ln 24	$624K	$438K	$186K
All other expensesLn 24e	$12K	$10K	$2K
Total functional expensesLn 25	$1.2M	$949K	$238K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024Filed with the IRS Jul 15, 2025	$2.7M	$2.9M	−$176K	$381K	990 PDF
FY2023 ViewingFiled with the IRS Jul 12, 2024	$1.4M	$1.2M	$250K	$557K	990 PDF
FY2022Filed with the IRS Jan 18, 2023	$540K	$458K	$82K	$307K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $1,437,511 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $540,000$1,436,369

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $166$1,142

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $540,166$1,437,511

I-13 Grants and similar amounts paidPrior year $0$164,931

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 $458,276$1,022,783

I-18 Total expensesPrior year $458,276$1,187,714

I-19 Revenue less expensesPrior year $81,890$249,797

Part VI · Governance 4 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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 $1,437,511 across 5 lines filed

VIII-1e Government grants$805,229

VIII-1f All other contributions, gifts and grants$631,140

VIII-1h Total contributions, gifts and grants$1,436,369

VIII-3 Investment incomeExcluded from tax $1,142$1,142

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,142$1,437,511

Part IX · Statement of functional expenses $1,187,714 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $164,931$164,931

IX-11a Management feesManagement $1,897$1,897

IX-11b Legal feesManagement $11,597$11,597

IX-11g Other fees for servicesManagement $20,834$20,834

IX-12 Advertising and promotionPrograms $54,077 · Management $1,067$55,144

IX-14 Information technologyPrograms $266,113 · Management $2,258$268,371

IX-17 TravelPrograms $14,486 · Management $7,517$22,003

IX-19 Conferences, conventions and meetingsPrograms $159$159

IX-23 InsurancePrograms $978 · Management $5,233$6,211

IX-24 Other expenses (24a–d)Programs $438,155 · Management $186,187$624,342

IX-24e All other expensesPrograms $10,450 · Management $1,775$12,225

IX-25 Total functional expensesPrograms $949,349 · Management $238,365 · Fundraising $0$1,187,714

Part X · Balance sheet $639,163 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $241,647$567,506

X-2 Savings and temporary cash investmentsStart of year $65,221$66,364

X-3 Pledges and grants receivable$5,293

X-16 Total assetsStart of year $306,868$639,163

X-25 Other liabilitiesStart of year $0$82,398

X-26 Total liabilitiesStart of year $0$82,398

X-27 Net assets without donor restrictionsStart of year $306,868$556,765

X-32 Total net assets or fund balancesStart of year $306,868$556,765

X-33 Total liabilities and net assetsStart of year $306,868$639,163

Part XI · Reconciliation of net assets $556,765 net assets at year end

XI-1 Total revenue$1,437,511

XI-2 Total expenses$1,187,714

XI-3 Revenue less expenses$249,797

XI-4 Net assets at start of year$306,868

XI-8 Prior period adjustments$100

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$556,765

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

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Chamber Foundation FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Chamber Foundation

Funders

Grants

Federal money

By the numbers

Filing history

Schedules filed Part IV