BISMARCK PUBLIC SCHOOLS FOUNDATION

EIN: 450442960 501(c)(3) Education

BISMARCK, ND

Total Revenue
$1,097,268
Total Expenses
$701,790
Total Assets
$7,101,202
Net Assets
$6,719,568
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
ND
Principal Officer
RICK GELOFF
Phone
7013553093
Tax Period
2024-07-01 to 2025-06-30

BISMARCK PUBLIC SCHOOLS FOUNDATION, founded in 1989, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $395K, a strong 36% operating margin.

Mission

TO SUPPORT THE BISMARCK PUBLIC SCHOOLS THROUGH THE SPONSORING OF VARIOUS EDUCATION PROGRAMS AND THE OFFERING OF MINI-GRANTS TO TEACHERS AND SCHOOLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $569,131
Program Service Revenue $96,719
Investment Income $363,427
Other Revenue $67,991
TOTAL REVENUE $1,097,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,896
Fundraising Expenses $0
Program Expenses $698,105
Other Expenses $694,894
TOTAL EXPENSES $701,790

Year-over-Year Comparison

2024 2023 Change
Revenue $1,097,268 $658,683 +0.7%
Expenses $701,790 $517,292 +0.4%
Net Income $395,478 $141,391 +1.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

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

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID AUGUSTADT DIRECTOR N/A
Director
$0 $0 $0
TOMI CIMAROSTI DIRECTOR N/A
Director
$0 $0 $0
BETSY ELSBERRY SECRETARY N/A
Director
$0 $0 $0
DREW ENGLEMAN DIRECTOR N/A
Director
$0 $0 $0
JEFF FASTNACHT DIRECTOR N/A
Director
$0 $0 $0
MEGAN HOUN DIRECTOR N/A
Director
$0 $0 $0
STACEY LANG DIRECTOR N/A
Director
$0 $0 $0
TAHLIA NYGAARD FOUNDATION D N/A
Director
$0 $0 $0
AMANDA PETERSON DIRECTOR N/A
Director
$0 $0 $0
RICK GELOFF PRESIDENT N/A
Officer
$0 $0 $0
JAN STANKIEWICZ VICE PRESIDE N/A
Officer
$0 $0 $0
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 $1,097,268 $701,790 $7,101,202 $395,478
2024 No data No data No data No data
2023 $1,236,365 $652,519 $5,924,401 $583,846
2022 $853,696 $540,826 $4,942,767 $312,870
2021 $337,083 $248,162 $5,323,090 $88,921
2020 $156,862 $212,089 $4,279,068 $-55,227
2019 $420,069 $277,367 $4,318,154 $142,702
2018 $478,506 $261,659 $4,180,954 $216,847
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