GRAND FORKS PARKS AND RECREATION FOUNDATION

EIN: 260625504 501(c)(3) Recreation & Sports

GRAND FORKS, ND

Total Revenue
$525,528
Total Expenses
$407,207
Total Assets
$6,770,694
Net Assets
$2,035,367
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
ND
Principal Officer
RUSS KRAFT
Phone
7017462750
Tax Period
2025-01-01 to 2025-12-31

GRAND FORKS PARKS AND RECREATION FOUNDATION, founded in 2007, is a small nonprofit in the Recreation & Sports sector that reported $526K in total revenue in fiscal year 2025. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $118K, a strong 23% operating margin.

Mission

TO CONTRIBUTE TO AND PROMOTE HEALTHFUL LIFESTYLES IN OUR COMMUNITY THROUGH THE DEVELOPMENT AND ENHANCEMENT OF PARKS, PLAYGROUNDS, RECREATIONAL FACILITIES, AND PROGRAMS AND ACTIVITIES FOR ALL PEOPLE OF GRAND FORKS, REGARDLESS OF AGE, PHYSICAL ABILITY OR ECONOMIC POSITION.

Program Service Accomplishments

Program 1
Expenses: $72,449

VETERANS MEMORIAL PARK IS A PARK TO BE USED FOR VETERANS, THEIR FAMILIES, AND FRIENDS TO CELEBRATE, RECOGNIZE, AND REMEMBER THE LIVES OF THOSE WHO ARE AND HAVE SERVED IN THE UNITED STATES MILITARY.

Program 2
Expenses: $17,817

NORTHERN VALLEY LAW ENFORCEMENT MEMORIAL IS A PARK TO BE USED FOR LAW ENFORCEMENT, THEIR FAMILIES, AND FRIENDS TO CELEBRATE, RECOGNIZE, AND REMEMBER THE LIVES OF LAW ENFORCEMENT.

Program 3
Expenses: $14,920

FUNDS WENT TOWARDS THE SCHOLARSHIPS FOR KIDS IN NEED TO PARTICIPATE IN RECREATION PROGRAMMING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $192,041
Program Service Revenue $0
Investment Income $114,213
Other Revenue $219,274
TOTAL REVENUE $525,528

Expense Breakdown

Grants Paid $391,729
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $393,397
Other Expenses $15,478
TOTAL EXPENSES $407,207

Year-over-Year Comparison

2025 2024 Change
Revenue $525,528 $1,311,002 -0.6%
Expenses $407,207 $1,508,891 -0.7%
Net Income $118,321 $-197,889 -1.6%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
10

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$175,695
Total Directors
5
$21,000
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG LADOUCEUR DIRECTOR 0.50
Director
$0 $0 $4,200
JORDAN MCINTYRE SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $4,200
CODY BARTHOLOMEW VICE PRESIDENT 0.50
Officer Director
$0 $0 $4,200
RUSS KRAFT PRESIDENT 0.50
Officer Director
$0 $0 $4,200
TIM SKARPERUD DIRECTOR 0.50
Director
$0 $0 $4,200
GEORGE HELLYER EXECUTIVE DIRECTOR 0.50
Officer
$0 $19,757 $163,095
JEFF LANCASTER DIRECTOR OF FINANCE AND ADMINISTATION 0.50
Highest
$0 $32,163 $135,156
JILL NELSON DIRECTOR OF OPERATIONS AND COMMUNITY RELATIONS 0.50
Highest
$0 $32,163 $133,939
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $525,528 $407,207 $6,770,694 $118,321
2024 $1,311,002 $1,508,891 $7,237,013 $-197,889
2023 $1,848,128 $1,058,876 $8,165,040 $789,252
2022 $1,082,824 $1,280,086 $8,520,210 $-197,262
2021 $737,409 $934,814 $9,262,108 $-197,405
2020 $982,810 $1,162,548 $10,115,705 $-179,738
2019 $833,915 $1,854,723 $11,479,292 $-1,020,808
2018 $1,070,528 $1,283,142 $12,878,426 $-212,614
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