4th Corporation

EIN: 450367649 501(c)(3)

New Rockford, ND

Total Revenue
$3,842,554
Total Expenses
$3,558,218
Total Assets
$2,270,699
Net Assets
$1,678,127
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
ND
Principal Officer
Kodi Keller
Phone
7019472147
Tax Period
2021-04-01 to 2022-03-31

4th Corporation, founded in 1981, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2021. Expenses of $3.6M left a modest 7% surplus.

Mission

We strive to promote growth and development enabling each person to fulfill their personal dreams.

Program Service Accomplishments

Program 1
Expenses: $3,062,359 Revenue: $3,827,626

4th Corporation provides services to adults with developmental disabilities. Those services include residential as well as day support. We house 4 individuals in our New Rockford ICF/ID home, 5...

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4th Corporation provides services to adults with developmental disabilities. Those services include residential as well as day support. We house 4 individuals in our New Rockford ICF/ID home, 5 individuals in our Carrington ICF/ID home, 5 individuals in our Fessenden ICF/ID home, and 8 in our Transitional Living home. Those homes have twenty-four hour staff. Between the hours of 8:00 a.m. and 4:00 p.m. Monday through Friday, the individuals of these homes as well as individuals in the above named communities receive day support services at the Center in New Rockford. We have a total of 25 clients that receive day support service. The individuals may go out on job crews in the New Rockford area or work on production items in the workshop. The individuals receive a monthly paycheck for the work they do. The economic impact 4th Corporation has on the communities of Carrington, New Rockford, and Fessenden is huge. We employ 59 people between these 3 small communities. This all ties to our mission statement, "We strive to promote growth and development enabling each person to fulfill their personal dreams."

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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 (2021)

Revenue Breakdown

Contributions & Grants $6,630
Program Service Revenue $3,826,795
Investment Income $3,391
Other Revenue $5,738
TOTAL REVENUE $3,842,554

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,974,893
Fundraising Expenses $328
Program Expenses $3,062,359
Other Expenses $583,325
TOTAL EXPENSES $3,558,218

Year-over-Year Comparison

2021 2020 Change
Revenue $3,842,554 $4,014,298 0.0%
Expenses $3,558,218 $3,749,198 -0.1%
Net Income $284,336 $265,100 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
80
Volunteers
5

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
$115,375
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Travis Peterson President 0.30
Officer Director
$0 $0 $0
Kerwin Borgen Vice President 0.30
Officer Director
$0 $0 $0
Jim Ehni Secretary 0.30
Officer Director
$0 $0 $0
Patty Feakes Member 0.30
Director
$0 $0 $0
Joan Miller Member 0.30
Director
$0 $0 $0
Kodi Keller Executive Director 36.00
Officer
$94,067 $21,308 $115,375
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
2022 $3,842,554 $3,558,218 $2,270,699 $284,336
2021 $4,014,298 $3,749,198 $2,088,289 $265,100
2020 $4,077,606 $3,847,933 $2,029,204 $229,673
2019 $3,999,608 $3,797,697 $1,793,027 $201,911
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