Hankinson Education Foundation
Nonprofit profile at a glance
- EIN
- 811325430
- IRS 990 coverage
- 2016–2025
- Forms available
- Form 990 2025
- Location
- Hankinson, ND, USA
- Phone
- 7012427292
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $92,521
- Expenses
- $76,660
- Assets
- $826,735
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- DARWIN KRATCHA (PRESIDENT)
- JEFF STEIN (VICE PRESIDENT)
People named in this filing
- HEATHER SEVIAND (DIRECTOR)
- TERA PAULSON (DIRECTOR)
- NICK FOERTSCH (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Formed to help foster in hankinson public school students and graduates academic excellence self confidence integrity good value system passion for learning personality developoment teamwork school enthusiasm unity and to endeavor to make them into well-rounded responsible adults
What it reported doing in 2025
The foundation was endowed by a graduate of the hankinson public school district for the purpose of providing college scholarships to graduates of the hankinson public school district with a gpa of at least 3.0 based on a 4.0 scale and who choose to attend college or university located in the state of North Dakota. Four scholarships are awarded to hankinson high school students each year and are in th amount of $ 2,000 per academic year. Recipients can renew their scholorships yearly for an additional three years for a total of four years provided that they continue to be enrolled full time in a North Dakota college or university and they can maintain at least a 3.0 gpa based on a scale of 4.0. The award of scholorships are based on high school academic performance high school ecxtracurricular and community involvement and intended course of the recipients study with an emphasis being placed on math and science. Four new scholarships will be awarded annually to high school seniors and for their first year of college provided that all of the recipients re-apply for additional scholarship the foundation intends after four years to have 16 scholarships awarded.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Accountability: 76
- Sustainability: 66
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.4%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 17.1%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 10.78; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 10.6% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: -29.9% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.4% of spending went to programs
- Governance: 7 of 7 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $75K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 4 filed schedules · includes grants
- Filing history: 10 filing years from 2016 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.