Overview
What is North Dakota Petroleum Foundation?
The North Dakota Petroleum Foundation (NDPF) is a nonprofit organization based in Bismarck, North Dakota. Its primary mission is to support, educate, and provide outreach opportunities related to the petroleum industry. The NDPF achieves this by hosting educational seminars for teachers, offering hands-on activities and lessons about the oil and gas industry, and partnering with other organizations to host events like the Tool Trades Torque Tech (T4) summits. These summits engage students in activities and demonstrations related to the energy industries and skilled trades. The NDPF also engages in community events and collaborates with other nonprofits, such as Operation Warm and Dream Center Bismarck. Furthermore, the organization is dedicated to promoting and enhancing the conservation heritage of North Dakota. In addition to its educational and outreach efforts, the NDPF works on its Oil and Gas History Project in North Dakota, aiming to preserve and share the history of the petroleum industry in the state. The NDPF's activities strive to develop and advance quality of life initiatives, thereby contributing to the overall growth and prosperity of North Dakota.
Official website here: www.ndpetroleumfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects a moderate level of accountability and transparency within the North Dakota Petroleum Foundation. While the organization achieves a good score in various governance and financial areas, there is room for improvement to enhance overall effectiveness and donor confidence.
The North Dakota Petroleum Foundation demonstrates strong governance practices with a fully independent board, scoring 8 out of 8 points for majority independent board members. Their financial transparency is notable, with a high program expense ratio of 96.04%, indicating that a significant portion of their funds is directed towards their mission. The foundation has also been rated highly in terms of their liability management, maintaining a 0.00% liabilities to assets ratio.
However, despite these strengths, the organization has earned only a Two-Star rating, suggesting potential concerns regarding its overall financial health or effectiveness in delivering its programs. This rating serves as a reminder for donors to assess not only the positive attributes of the foundation but also to consider areas that may need improvement in order to foster greater impact.
This AI summary has been generated from information found on Charity Navigator.
Is North Dakota Petroleum Foundation legitimate?
North Dakota Petroleum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Dakota Petroleum Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ndpetroleumfoundation.org
What is the mission statement of North Dakota Petroleum Foundation?
The North Dakota Petroleum Foundation's mission is centered around providing support, education, and outreach opportunities related to the petroleum industry. Its primary goal is to enhance the quality of life and promote conservation heritage in North Dakota. The organization achieves this by hosting educational seminars for teachers about the oil and gas industry and its connection to various subjects like physics, geology, math, science, and trades. The foundation also collaborates with other organizations to organize events that engage students in hands-on activities related to the energy industries and skilled trades. Additionally, the North Dakota Petroleum Foundation engages in outreach efforts through community events and partnerships with non-profit organizations, such as Operation Warm and Dream Center Bismarck. The foundation also continues to work on its Oil and Gas History Project in North Dakota.
Official website here: www.ndpetroleumfoundation.org
Who is the CEO of North Dakota Petroleum Foundation?
Tessa Sandstrom is the Executive Director of North Dakota Petroleum Foundation. The CEO's salary of North Dakota Petroleum Foundation is $0 and their total compensation is $293,392.
Official website here: www.ndpetroleumfoundation.org
What is the revenue of North Dakota Petroleum Foundation?
North Dakota Petroleum Foundation's revenue in 2022 was $1,306,415.
Official website here: www.ndpetroleumfoundation.org
Who are the executives of North Dakota Petroleum Foundation and what are their salaries?
There 250 volunteers at North Dakota Petroleum Foundation.
Here are 9 key members and their salaries (North Dakota Petroleum Foundation's CEO's salary is $0 and their total compensation is $293,392):
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- Other: $0
- Compensation: $0
- Related: $103,553
- Other: $0
- Compensation: $0
- Related: $293,392
- Other: $0
Official website here: www.ndpetroleumfoundation.org
Where can I find the form 990 for North Dakota Petroleum Foundation?
North Dakota Petroleum Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ndpetroleumfoundation.org
Learn more at the official website: www.ndpetroleumfoundation.org
Mission Statement of North Dakota Petroleum Foundation
The North Dakota Petroleum Foundation, a renowned organization, is committed to providing support, education, and outreach opportunities related to the petroleum industry. Its mission is twofold: firstly, to advance quality of life initiatives in the community, and secondly, to promote and enhance the conservation heritage of North Dakota. The foundation achieves this by offering educational programs, such as hosting teacher education seminars to equip educators with information about the oil and gas industry, and how subjects like physics, geology, math, science, and the trades are integrated into it. Teachers also receive hands-on activities and lessons they can utilize in the classroom.
Furthermore, the North Dakota Petroleum Foundation partners with other organizations to host events like the Tool Trades Torque Tech (T4) Summits. These summits aim to engage students in hands-on activities and demonstrations related to the energy industries and skilled trades. The foundation's outreach efforts extend to community events and collaborations with other nonprofit organizations, such as Operation Warm and Dream Center Bismarck. Additionally, the foundation is actively working on the Oil and Gas History Project in North Dakota, which aims to preserve and promote the rich history of the petroleum industry in the state.
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Impact
July, 2024
The North Dakota Petroleum Foundation has made a significant impact by providing support, education, and outreach opportunities related to the petroleum industry. Through various programs and initiatives, the foundation has played a key role in advancing the quality of life in North Dakota. One of the notable achievements is the Teacher Education Seminar, which has equipped 40 teachers with valuable information about the oil and gas industry and how various subjects like physics, geology, math, and science are applied in the field. Additionally, the foundation has engaged over 4,200 students through hands-on activities and demonstrations at the "Tool Trades Torque Tech (T4) Summits, fostering interest and skills related to the energy industry and skilled trades.
Moreover, the North Dakota Petroleum Foundation's outreach efforts have extended to community events and partnerships with organizations such as Operation Warm and Dream Center Bismarck. The foundation's commitment to promoting and enhancing the conservation heritage of North Dakota is exemplified through ongoing projects like the Oil and Gas History Project. Through these initiatives, the foundation has not only contributed to the advancement of the petroleum industry but has also made a positive impact on the local community and education sector.
This information is meant to be a general summary of North Dakota Petroleum Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,914
- Program Service Revenue: $104,696
- Gross Receipts: $1,349,990
Assets and Liabilities:
- Total Assets: $507,989
- Total Liabilities: $0
- Net Assets: $507,989
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLANTING FOR THE FUTUR
Revenue
$69,696
EDUCATON
Revenue
$35,000
Organization Details
Founding Year
2018
Phone
(701) 223-6380Principal Officer
Tessa Sandstrom
Main Address
PO BOX 7233, BISMARCK, ND, 58507
NTEE Category
Code: S00 - Community improvement
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