Nonprofit · EIN 92-6563440
BALLANTYNE SOCIAL WELFARE TR
Also known as ALERUS FINANCIAL NA TTEE
Tax-exempt · GRAND FORKS, ND 58201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,076,320 | $19,753 | $2,056,567 | $7,945,516 | $0 | $7,945,516 |
| December 31, 2023 | 990 | $5,893,480 | $3,757 | $5,889,723 | $5,889,723 | $0 | $5,889,723 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,999,996
- Program service revenue
- $0
- Investment income
- $76,324
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $19,253
- Salaries, compensation and benefits (total)
- $19,253
- Professional fundraising fees
- $0
- Accounting fees
- $500
- Management and general (functional)
- $19,753
Balance sheet and other
- Total assets, start of year
- $5,889,723
- Total assets, end of year
- $7,945,516
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,945,516
- Publicly traded securities
- $6,299,978
- Gross receipts
- $2,109,918
- Employees
- 0
- Year formed
- 2023
- State of legal domicile
- ND
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALERUS FINANCIAL | TRUSTEE Institutional trustee | 1 | $19,253 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALERUSFINANCIAL | TRUSTEE Institutional trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2300 S COLUMBIA RD, GRAND FORKS, ND 58201-5826
- In care of
- % ALERUS FINANCIAL ATTN SANDY KORBE
- Principal officer (990 for 2024)
- SANDY KORBEL, 3137 32ND AVE S, FARGO, ND 58103
- Signed the 990
- ALERUS FINANCIAL, TRUSTEE
- Phone
- (701) 795-3212
- Return prepared by
- ERNST & YOUNG LLP
Mission
Trust will make grants for one or more eligible social welfare purpose as appropriate within the intent of the donor
Program accomplishments
- Trust will make grants for one or more eligible social welfare purpose as appropriate within the intent of the donor
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-6563440
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $7,945,516
- Income (IRS master file)
- $2,076,320
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,076,320 | $19,753 | $7,945,516 | XML |
| 990 | December 2023 | $5,893,480 | $3,757 | $5,889,723 | XML |
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 92-6563440).
Questions about BALLANTYNE SOCIAL WELFARE TR
- What is the EIN of BALLANTYNE SOCIAL WELFARE TR?
- The employer identification number (EIN) of BALLANTYNE SOCIAL WELFARE TR is 92-6563440.
- Is BALLANTYNE SOCIAL WELFARE TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2025.
- Are donations to BALLANTYNE SOCIAL WELFARE TR tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BALLANTYNE SOCIAL WELFARE TR file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BALLANTYNE SOCIAL WELFARE TR 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 BALLANTYNE SOCIAL WELFARE TR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BALLANTYNE SOCIAL WELFARE TR?
- The 990 for the year ended December 31, 2024 names SANDY KORBEL.
- Who are the officers and directors of BALLANTYNE SOCIAL WELFARE TR?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $19,253 (ALERUS FINANCIAL, TRUSTEE).
- How much revenue does BALLANTYNE SOCIAL WELFARE TR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,076,320, expenses of $19,753 and total assets of $7,945,516 at year end.
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