Index

Report of the Chair and President
Financial Statements
Donations Received  
Grants
Fund Balances
Asset Growth Chart
Donors
Memorials
Spring 2008 Newsletter
2007 New Funds
Community Connection

Auditors Report

Widmer Roel PC, an independent certified public accounting firm, has audited the financial statements for the year ended December 31, 2007. The auditors have issued their unqualified opinion dated February 9, 2008, on the basic financial statements. Copies of the audit are on file at the Foundation’s office for inspection. The following financial statements are excerpts from the audit report.

Donations totaled $6,198,159 for the year.

A total of $1,405,193 in Grants were made during 2007.

Fund balances totaled $40,409,032 at the end of 2007.

2007-2008 Board of Directors

Chairman

Joanne H. Ottmar, Jamestown, ND; Attorney

Vice Chairman

George Cox, Grand Forks, ND; Retired Banker/Volunteer

Secretary-Treasurer

Dennis Johnson, Watford City, ND; Attorney

Board Members

Marie Arnold, Dickinson, ND; Teacher

Neil Fedje, Cavalier, ND; Banker

Rob Gayton, Bismarck, ND; Businessman

H. Michael Hardy, Fargo, ND; Retired Businessman

Dan Liberda, Carrington, ND; Insurance Agent

Barbara Mayer, Regent, ND; Business Woman

Rosemarie Myrdal, Edinburg, ND; Committee Volunteer/Farmer

Ann Riske, Fargo, ND; Business Woman

Patsy Thompson, Bismarck, ND; Volunteer

Jim Weisser, Linton, ND; Real Estate

2007 Annual Report

2007 Annual Report