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Nonprofit · EIN 92-3214972

BORDER STATES FOUNDATION

Tax-exempt · FARGO, ND 58104

Financials

$10M$02023$694K$18K2023$1.4M$1.2M2024$2.1M$522K2025
Revenue Expenses · by fiscal year end
Financials of BORDER STATES FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2026990-PF$2,111,110$521,737$1,589,373$13,121,989$579,539$12,542,450
March 31, 2025990-PF$1,392,255$1,237,943$154,312$11,634,080$804,099$10,829,981
March 31, 2024990-PF$693,517$17,848$675,669$10,675,669$0$10,675,669
March 31, 2023990-PF$10,000,000$0$10,000,000$10,000,000$0$10,000,000
Financial details: 990-PF for the year ended March 31, 2026

Revenue

Contributions, gifts and grants
$1,664,736
Dividends
$257,573
Interest
$163,801
Other income
$25,000

Expenses

Grants and similar amounts paid
$434,736
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$653,299
Excise tax on investment income
$5,262

Balance sheet and other

Total assets, start of year
$11,634,080
Total assets, end of year
$13,121,989
Total liabilities, end of year
$579,539
Net assets, end of year
$12,542,450
Fair market value of assets
$13,121,989
Qualifying distributions
$653,299
Net investment income
$421,374

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 March 31, 2026, highest compensation first.

NameTitleHours / weekCompensation
Jeremy Welsand
2400 38th St S, Fargo, ND 58104
President/Treasurer/CEO/CFO/Director1$0
Jason Stein
2400 38th St S, Fargo, ND 58104
Vice President/Director1$0
Lisa Monson
2400 38th St S, Fargo, ND 58104
Secretary/Director1$0
James Sipe
2400 38th St S, Fargo, ND 58104
Director1$0
990-PF for the year ended March 31, 2025: 6 people
NameTitleHours / weekCompensation
Jeremy Welsand
2400 38th St S, Fargo, ND 58104
President/Treasurer/CEO/CFO/Director1$0
Jason Stein
2400 38th St S, Fargo, ND 58104
Vice President (from Sept)/Director1$0
Lisa Monson
2400 38th St S, Fargo, ND 58104
Secretary/Director1$0
James Sipe
2400 38th St S, Fargo, ND 58104
Director (from Sept)1$0
David White
2400 38th St S, Fargo, ND 58104
President/CEO (through Aug)1$0
Jason Seger
2400 38th St S, Fargo, ND 58104
Vice President (through Aug)1$0
990-PF for the year ended March 31, 2024: 4 people
NameTitleHours / weekCompensation
David White
2400 38th St S, Fargo, ND 58104
CEO/President1$0
Jason Seger
2400 38th St S, Fargo, ND 58104
Vice President1$0
Jeremy Welsand
2400 38th St S, Fargo, ND 58104
CFO/Treasurer1$0
Lisa Monson
2400 38th St S, Fargo, ND 58104
Secretary/Director1$0
990-PF for the year ended March 31, 2023: 4 people
NameTitleHours / weekCompensation
David White
2400 38th St S, Fargo, ND 58104
CEO/President1$0
Jason Seger
2400 38th St S, Fargo, ND 58104
Vice President1$0
Jeremy Welsand
2400 38th St S, Fargo, ND 58104
CFO/Treasurer1$0
Lisa Monson
2400 38th St S, Fargo, ND 58104
Secretary/Director1$0

Address and contacts

Address (IRS master file)
2400 38TH ST S, FARGO, ND 58104-7873
Signed the 990-PF
Jeremy Welsand, Pres/Treasurer/CEO/CFO/Dir
Phone
(701) 293-5834
Return prepared by
Eide Bailly Advisory LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026990-PF on file
2024March 31, 2025August 15, 2025990-PF on file
2023March 31, 2024August 15, 2024990-PF on file

IRS record

EIN
92-3214972
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
2023
Accounting year ends
March
Files
Form 990-PF
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$13,121,989
Income (IRS master file)
$2,111,110

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFMarch 2026$2,111,110$521,737$13,121,989XML
990-PFMarch 2025$1,392,255$1,237,943$11,634,080XML
990-PFMarch 2024$693,517$17,848$10,675,669XML
990-PFMarch 2023$10,000,000$0$10,000,000IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 92-3214972).

Questions about BORDER STATES FOUNDATION

What is the EIN of BORDER STATES FOUNDATION?
The employer identification number (EIN) of BORDER STATES FOUNDATION is 92-3214972.
Is BORDER STATES FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to BORDER STATES FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BORDER STATES FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of BORDER STATES FOUNDATION due?
The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BORDER STATES FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended March 2026.
Who are the officers and directors of BORDER STATES FOUNDATION?
The 990-PF for the year ended March 31, 2026 lists 4 people; 0 received compensation from the organization.
How much revenue does BORDER STATES FOUNDATION have?
On its 990-PF for the year ended March 31, 2026 it reported revenue of $2,111,110, expenses of $521,737 and total assets of $13,121,989 at year end.

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