Civic Intelligence

Ballantyne Social Welfare Trust 1020000405

EIN 92-6563440 • 501(c)4 • Grand Forks, ND

NTEE T20

Profile

Trust will make grants for one or more eligible social welfare purpose as appropriate within the intent of the donor

2300 South Columbia RoadGrand Forks, ND 58201

n/A

Siviq Scores

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

Liabilities / Assets

81st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T20 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T20 • $5M-$10M nonprofits • Source year 2024

Net Margin

94th percentile

99%

Higher net margin than 94% of similar nonprofits.

NTEE T20 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

79th percentile

$19,253

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

NTEE T20 • $5M-$10M nonprofits • Source year 2024

Asset Growth

90th percentile

35%

Faster asset growth than 90% of similar nonprofits.

NTEE T20 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-65%

Faster revenue growth than 14% of similar nonprofits.

NTEE T20 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,945,516

Up $2,055,793 (+35%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$7,945,516

Up $2,055,793 (+35%) from 2023

Revenue

Down

$2,076,320

Down $3,817,160 (-65%) from 2023

Expenses

Up

$19,753

Up $15,996 (+426%) from 2023

Net Income

Down

$2,056,567

Down $3,833,156 (-65%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2023: $5,889,723Liabilities 2023: $0Net Assets 2023: $5,889,7232023Assets 2024: $7,945,516Liabilities 2024: $0Net Assets 2024: $7,945,5162024

Highlighted filing

2024

Assets$7,945,516
Liabilities$0
Net Assets$7,945,516

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2023: $5,893,480Expenses 2023: $3,757Net Income 2023: $5,889,7232023Revenue 2024: $2,076,320Expenses 2024: $19,753Net Income 2024: $2,056,5672024

Highlighted filing

2024

Revenue$2,076,320
Expenses$19,753
Net Income$2,056,567

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$2,109,918
Mission and Program Overview

Mission

Trust will make grants for one or more eligible social welfare purpose as appropriate within the intent of the donor

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,889,723$7,945,516▲ $2,055,793
Investments in Publicly Traded Securities$4,299,982$6,299,978▲ $1,999,996
Other Notes and Loans Receivable, Net$1,529,735$1,496,136▼ $33,599
Savings and Temporary Cash Investments$60,006$149,402▲ $89,396
Total Assets$5,889,723$7,945,516▲ $2,055,793
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,889,723$7,945,516▲ $2,055,793
Total Liabilities and Net Assets / Fund Balance$5,889,723$7,945,516▲ $2,055,793
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$19,253$19,253
Revenue and Support

Revenue Composition

Contributions and Grants
$1,999,996
Program Service Revenue
$0
Investment Income
$76,324
Other Revenue
$0
All Other Contributions
$1,999,996
Change in Net Assets
$2,056,567

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$1,000,000Fair Market Value (FMV)
Securities Closely Held Stock1$999,996Fair Market Value (FMV)
Total Noncash Contributions2$1,999,996-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,253
Other Expenses$500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$19,253-$19,253
Fees for Services Accounting-$500-$500
Total Functional Expenses$0$19,753$0$19,753
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11-description of Process for Review

A copy of the form 990 is provided to the trustee for review prior to filing.

Form 990, Page 6, Part VI, Line 19

Any individual or organization from the public can make a written request to any Board of Trustee for various documents. Any and all public documents will be made available.

Filing and Contact Details

Filer

Filer Name
Ballantyne Social Welfare Trust 20000405
EIN
92-6563440
Phone
7017953212
Address
2300 SOUTH COLUMBIA ROAD, GRAND FORKS, ND 58201

Signing Officer

Name
Alerus Financial
Title
Trustee
Phone
7017953212
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandy Korbel
Formed
2023
Legal Domicile
Nd
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Ernst & Young Llp
Address
155 WACKER DR, CHICAGO, IL 60606
Preparer
Donna Gikas
Phone
3128792850
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

2024 transactions posted in 2025: ($539); 2023 transactions posted in 2024: $268; cost basis adjustment: ($503)

Raw XML Appendix247 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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