Nonprofit · EIN 47-5349180
BURGUM FOUNDATION
Tax-exempt · FARGO, ND 58103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $691,373 | $1,209,382 | -$518,009 | $3,397,671 | $0 | $3,397,671 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $200,287
- Interest
- $25,558
- Net gain from sales of assets
- $446,706
- Other income
- $18,822
Expenses
- Grants and similar amounts paid
- $1,019,412
- Compensation of officers, directors and key employees
- $12,000
- Disbursements for charitable purposes
- $1,180,938
- Excise tax on investment income
- $9,443
Balance sheet and other
- Total assets, start of year
- $3,223,353
- Total assets, end of year
- $3,397,671
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,397,671
- Fair market value of assets
- $17,575,676
- Qualifying distributions
- $1,180,938
- Net investment income
- $721,884
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katherine B Itterman PO Box 145, Arthur, ND 588060145 | President/Treasurer/Exec Board Chair | 20 | $12,000 |
| Frederick W Burgum PO Box 145, Arthur, ND 588060145 | Board Chair/Director | 2 | $0 |
| Brooks F Burgum PO Box 145, Arthur, ND 588060145 | Vice President/Director | 0.5 | $0 |
| Jodelle J Burgum PO Box 145, Arthur, ND 588060145 | Secretary/Director | 0.5 | $0 |
| Julia Asprey PO Box 145, Arthur, ND 588060145 | Executive Director | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 19 8TH ST S PMB 123, FARGO, ND 58103-1804
- In care of
- % ARTHUR COMPANIES INC
- Signed the 990-PF
- Julia Asprey, Executive Director
- Phone
- (701) 967-8312
- Return prepared by
- Eide Bailly LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 47-5349180
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $3,397,671
- Income (IRS master file)
- $1,124,369
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $451,723 | $1,082,644 | $3,223,353 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about BURGUM FOUNDATION
- What is the EIN of BURGUM FOUNDATION?
- The employer identification number (EIN) of BURGUM FOUNDATION is 47-5349180.
- Is BURGUM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to BURGUM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BURGUM FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BURGUM FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BURGUM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of BURGUM FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $12,000 (Katherine B Itterman, President/Treasurer/Exec Board Chair).
- How much revenue does BURGUM FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $691,373, expenses of $1,209,382 and total assets of $3,397,671 at year end.
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All nonprofits in FARGO · North Dakota · Philanthropy, voluntarism and grantmaking foundations