2025-04-14T19:31:37-05:00 2024-06-30 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2024-02-26 991601681 CAREER QALICB CORPORATION INC CARE 7017874866 2400 47TH AVE SOUTH GRAND FORKS ND 58201 BRANDON BAUMBACH PRESIDENT 7017874866 2025-04-08 1 1 ASHLEY ENGEL P01220321 7017754685 2025-04-08 2024 2025-03-06 01:10:19Z X BRANDON BAUMBACH 2400 47TH AVE SOUTH GRAND FORKS ND 58201 0 0 X N/A X 2024 ND TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF GRAND FORKS FOUNDATION FOR EDUCATION, INC. SUCH PURPOSES SHALL INCLUDE, BUT NOT BE LIMITED TO, THE ACQUISITION AND LEASING OF REAL OR PERSONAL PROPERTY, OR BOTH, AND, SUBJECT TO THE RESTRICTIONS AND LIMITATIONS HEREINAFTER SET FORTH, THE LEASING OF SUCH PROPERTY TO AND/OR FROM GRAND FORKS PUBLIC SCHOOL DISTRICT #1 FOR USE IN THE FURTHERANCE OF THE CHARITABLE PURPOSES OF GRAND FORKS FOUNDATION FOR EDUCATION, INC. 5 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 622749 622749 -622749 14274094 14896843 -622749 X TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF GRAND FORKS FOUNDATION FOR EDUCATION, INC. SUCH PURPOSES SHALL INCLUDE, BUT NOT BE LIMITED TO, THE ACQUISITION AND LEASING OF REAL OR PERSONAL PROPERTY, OR BOTH, AND, SUBJECT TO THE RESTRICTIONS AND LIMITATIONS HEREINAFTER SET FORTH, THE LEASING OF SUCH PROPERTY TO AND/OR FROM GRAND FORKS PUBLIC SCHOOL DISTRICT #1 FOR USE IN THE FURTHERANCE OF THE CHARITABLE PURPOSES OF GRAND FORKS FOUNDATION FOR EDUCATION, INC. 0 0 111298 LEASING OF PROPERTY WITH THE GRAND FORKS PUBLIC SCHOOL DISTRICT FOR USE IN THE CAREER IMPACT ACADEMY 111298 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X THE ORGANIZATION 7017874866 2400 47TH AVE SOUTH GRAND FORKS ND 58201 X BRANDON BAUMBACH PRESIDENT 0.02 X X 0 0 0 EMILIA HODGSON SECRETARY 0.02 1.00 X X 0 0 0 DEB DUNHAM DIRECTOR 0.02 1.00 X 0 0 0 MEGHAN COMPTON DIRECTOR 0.02 1.00 X 0 0 0 PAUL TRAYNOR DIRECTOR 0.02 1.00 X 0 0 0 0 0 0 0 0 0 0 X 511451 511451 54893 54893 56405 56405 622749 111298 511451 0 3317459 0 10956635 0 14274094 31667 0 14865176 0 14896843 X -622749 0 -622749 0 14274094 -622749 0 X 0 1 X 1 0 X X 1 GRAND FORKS FOUNDATION FOR EDUCATION INC 450404011 7 1 622749 0 1 622749 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 FINANCE LEASE ROU ASSET 10956635 10956635 FINANCE LEASE LIABILITY 2865176 NOTES PAYABLE 12000000 14865176 X PART X, LINE 2: THE FOUNDATION AND SUBSIDIARY ARE ORGANIZED AS A NORTH DAKOTA NON-PROFIT CORPORATIONS AND ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION AND SUBSIDIARY ARE EACH ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX WITH THE IRS. THE ORGANIZATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE ORGANIZATION AND SUBSIDIARY HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION AND SUBSIDIARY ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ALL FILLINGS ARE CURRENT. FORM 990, PART VI, SECTION A, LINE 1B: ALL BOARD MEMBERS MEET THE DEFINITION OF INDEPENDENCE FOR CAREER QALICB CORPORATION, INC. THE NATURE OF THE COMPENSATION ARRANGEMENT WITH GRAND FORKS FOUNDATION FOR EDUCATION, INC. AND GRAND FORKS PUBLIC SCHOOLS IS AS FOLLOWS. GRAND FORKS FOUNDATION FOR EDUCATION IS THE SUPPORTED ORGANIZATION OF CAREER QALICB AND GRAND FORKS PUBLIC SCHOOLS BENEFITS FROM THE ACTIVITIES OF GRAND FORKS FOUNDATION FOR EDUCATION (THOUGH GFPS DOES NOT MEET THE DEFINITION OF A RELATED PARTY OF THE FILING ORGANIZATION.) BOARD MEMBER EMILIA HODGSON IS COMPENSATED BY GRAND FORKS PUBLIC SCHOOLS, WHICH IS THEN REIMBURSED BY GRAND FORKS FOUNDATION FOR EDUCATION. BOARD MEMBER BRANDON BAUMBACH IS COMPENSATED BY GRAND FORKS PUBLIC SCHOOLS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD AT A BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR RECEIVES A COPY OF THE CONFLICT OF INTEREST POLICY ANNUALLY SIGNS A STATEMENT TO AFFIRM COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE ELECTRONICALLY UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART IX, LINE 11G CLOSING COSTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 511,451. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 511,451. GRAND FORKS FOUNDATION FOR EDUCATION INC 2400 47TH AVE SOUTH GRAND FORKS ND 58201 450404011 SUPPORT EDUCATION IN GRAND FORKS PUBLIC SCHOOL DISTRICT ND 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0