Civic Intelligence

Stanley Scholarship Funds Inc

EIN 46-3427042 • 501(c)3 • Stanley, ND

Profile

The purpose shall be to expand access to higher education for students graduating from stanley high school, stanley, nd.

PO Box 993Stanley, ND 58784

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.12x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.43x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$2,900

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

78th percentile

20%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-11%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,496,854

Up $410,404 (+20%) from 2023

Liabilities

Up

$310,770

Up $26,360 (+9.3%) from 2023

Net Assets

Up

$2,186,084

Up $384,044 (+21%) from 2023

Revenue

Down

$127,935

Down $16,325 (-11%) from 2023

Expenses

Down

$85,687

Down $406 (-0.5%) from 2023

Net Income

Down

$42,248

Down $15,919 (-27%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2014: $1,286,201Liabilities 2014: $186,083Net Assets 2014: $1,100,1182014Assets 2015: $1,337,894Liabilities 2015: $202,458Net Assets 2015: $1,135,4362015Assets 2016: $1,482,116Liabilities 2016: $202,683Net Assets 2016: $1,279,4332016Assets 2017: $1,624,436Liabilities 2017: $221,783Net Assets 2017: $1,402,6532017Assets 2018: $1,783,103Liabilities 2018: $243,783Net Assets 2018: $1,539,3202018Assets 2019: $1,819,121Liabilities 2019: $237,633Net Assets 2019: $1,581,4882019Assets 2020: $1,864,423Liabilities 2020: $248,150Net Assets 2020: $1,616,2732020Assets 2021: $1,841,372Liabilities 2021: $236,500Net Assets 2021: $1,604,8722021Assets 2022: $2,003,873Liabilities 2022: $260,000Net Assets 2022: $1,743,8732022Assets 2023: $2,086,450Liabilities 2023: $284,410Net Assets 2023: $1,802,0402023Assets 2024: $2,496,854Liabilities 2024: $310,770Net Assets 2024: $2,186,0842024

Highlighted filing

2024

Assets$2,496,854
Liabilities$310,770
Net Assets$2,186,084

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2014: $50,687Expenses 2014: $43,668Net Income 2014: $7,0192014Revenue 2015: $73,591Expenses 2015: $38,273Net Income 2015: $35,3182015Revenue 2016: $197,595Expenses 2016: $53,598Net Income 2016: $143,9972016Revenue 2017: $179,640Expenses 2017: $56,420Net Income 2017: $123,2202017Revenue 2018: $203,028Expenses 2018: $66,361Net Income 2018: $136,6672018Revenue 2019: $140,815Expenses 2019: $98,647Net Income 2019: $42,1682019Revenue 2020: $120,784Expenses 2020: $85,999Net Income 2020: $34,7852020Revenue 2021: $89,186Expenses 2021: $100,587Net Income 2021: -$11,4012021Revenue 2022: $224,793Expenses 2022: $85,792Net Income 2022: $139,0012022Revenue 2023: $144,260Expenses 2023: $86,093Net Income 2023: $58,1672023Revenue 2024: $127,935Expenses 2024: $85,687Net Income 2024: $42,2482024

Highlighted filing

2024

Revenue$127,935
Expenses$85,687
Net Income$42,248

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 12, 2025
Return Version
2023v6.0
Gross Receipts
$127,935
Mission and Program Overview

Mission

The purpose shall be to expand access to higher education for students graduating from stanley high school, stanley, nd.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,802,040$2,186,084▲ $384,044
Investments Program Related$2,022,953$2,174,897▲ $151,944
Cash and Non-Interest-Bearing Accounts$63,497$11,187▼ $52,310
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,086,450$2,496,854▲ $410,404
Other Assets Total-$310,770-
Liabilities
Other Liabilities$284,410$310,770▲ $26,360
Total Liabilities$284,410$310,770▲ $26,360
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,802,040$2,186,084▲ $384,044
Total Liabilities and Net Assets / Fund Balance$2,086,450$2,496,854▲ $410,404

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$310,770--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Kaylen NordloefPresident$2,900$2,900
Christy IversonTreasurer$1,000$1,000

Board Members and Trustees

NameTitle
Jared GustafsonVice President
Megan FritelVice President
Barbara ReeseDirector
Craig ReynoldsDirector
Kendra HollingerDirector
Quinn SauberDirector
Sarah SorensonDirector
Tim HolteDirector
Barb NesheimSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$36,377
Program Service Revenue
$0
Investment Income
$91,558
Other Revenue
$0
All Other Contributions
$36,377
Change in Net Assets
$42,248
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$77,720
Salaries, Compensation, and Employee Benefits$5,452
Other Expenses$2,515
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$77,720--$77,720
Current Officers, Directors, Trustees, and Key Employees-$4,200-$4,200
Other Salaries and Wages-$1,252-$1,252
Fees for Services Accounting-$1,193-$1,193
Office Expenses-$431-$431
Advertising-$174-$174
Other Expenses-$20-$20
Total Functional Expenses$77,720$7,967$0$85,687
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarships Payable$310,770
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Kaylen nordloef & barbara reese, president and director, are sisters in law.

Form 990, Part VI, Section B, Line 11B

A copy of form 990 is made available to board members at a board meeting prior to filing the return.

Form 990, Part VI, Section C, Line 19

The organization has an annual meeting, which is an open meeting to the public.

Filing and Contact Details

Filer

Filer Name
Stanley Scholarship Funds Inc
EIN
46-3427042
Address
PO BOX 993, STANLEY, ND 58784

Signing Officer

Name
Kaylen Nordloef
Title
President
Signed
2025-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kaylen Nordloef
Formed
2013
Legal Domicile
Nd
Voting Board Members
11
Independent Board Members
0
Employees
3

Preparer

Firm
Norman M Mell & Associates
Address
10 1st Ave SE PO Box 699, Stanley, ND 58784
Preparer
Norman M Mell
Phone
7016282185
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IRS990/PYSalariesCompEmpBnftPaidAmt04768
IRS990/PYTotalExpensesAmt086093
IRS990/PYTotalRevenueAmt0144260
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt042248
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01802040
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02186084
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM GENERAL PUBLIC: AT THE STANLEY, ND HIGH SCHOOL SPORTING EVENTS: 1) THE ORGANIZATION HAS BUSINESS AND INDIVIDUAL SPONSORSHIPS, 2) THE FUNDRAISING EVENTS HELD INCLUDE: 50/50 TICKETS, BINGO AND CHUCK-A-DUCK. LOCAL GAMING FUNDS ARE ALSO SOLICITED.OTHER FACTS AND CIRCUMSTANCES: THE OTHER SOURCES OF SUPPORT INCLUDE DONATIONS AND MEMORIALS FROM THE PUBLIC. THE GOVERNING BOARD INCLUDES A BROAD SPECTRUM OF INDIVIDUALS, WHO PROMOTE THE AVAILABLE SCHOLARSHIPS TO GRADUATING SENIORS.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt036377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt058896
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt055029
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt021671
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt023280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0195253
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt091558
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt085364
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0169764
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt067515
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt097504
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0511705
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.27620
IRS990ScheduleA/PublicSupportPY170Pct00.27700
IRS990ScheduleA/PublicSupportTotal170Amt0195253
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt036377
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt058896
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt055029
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt021671
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt023280
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0195253
IRS990ScheduleA/TotalSupportAmt0706958
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/DonorAdvisedFundsContriAmt03000
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt043650
IRS990ScheduleD/DonorAdvisedFundsHeldCnt011
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt01633936
IRS990ScheduleD/FundsAndOtherAccountsContriAmt033377
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt034070
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt02
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt01583214
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0310770
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE - SCHOLARSHIP PAYOUT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0310770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SCHOLARSHIPS PAYABLE
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0310770
IRS990ScheduleD/TotalBookValueProgramRltdAmt02174897
IRS990ScheduleD/TotalLiabilityAmt0310770
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE DONOR OF THE SCHOLARSHIP FUNDS SETS THE REQUIREMENTS FOR THE BOARD OF DIRECTORS TO PAY THE FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KAYLEN NORDLOEF & BARBARA REESE, PRESIDENT AND DIRECTOR, ARE SISTERS IN LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS MADE AVAILABLE TO BOARD MEMBERS AT A BOARD MEETING PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS AN ANNUAL MEETING, WHICH IS AN OPEN MEETING TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02086450
IRS990/TotalAssetsEOYAmt02496854
IRS990/TotalAssetsGrp/BOYAmt02086450
IRS990/TotalAssetsGrp/EOYAmt02496854
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt036377
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07967
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt077720
IRS990/TotalFunctionalExpensesGrp/TotalAmt085687
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0284410
IRS990/TotalLiabilitiesEOYAmt0310770
IRS990/TotalLiabilitiesGrp/BOYAmt0284410
IRS990/TotalLiabilitiesGrp/EOYAmt0310770
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01802040
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02186084
IRS990/TotalProgramServiceExpensesAmt077720
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt03900
IRS990/TotalRevenueGrp/ExclusionAmt091558
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0127935
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02086450
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02496854
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 993
IRS990/USAddress/CityNm0STANLEY
IRS990/USAddress/StateAbbreviationCd0ND

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