Civic Intelligence

Valley City - Barnes County Development

EIN 36-3485273 • 501(c)6 • Valley City, ND

Profile

To promote economic development to the City of Valley City and surrounding Barnes County area.

250 West Main StreetValley City, ND 58072

n/A

Siviq Scores

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

Liabilities / Assets

45th percentile

0.17x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

81st percentile

0.67x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Net Margin

37th percentile

1.0%

Higher net margin than 37% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

17th percentile

$117,869

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Asset Growth

23rd percentile

-2.1%

Faster asset growth than 23% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

95th percentile

67%

Faster revenue growth than 95% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$6,149,594

Down $495,337 (-7.5%) from 2022

Liabilities

Down

$1,060,103

Down $368,602 (-26%) from 2022

Net Assets

Down

$5,089,491

Down $126,735 (-2.4%) from 2022

Operations
Liabilities / Revenue81st percentileNet Margin37th percentile

Revenue

Up

$1,591,108

Up $913,652 (+135%) from 2022

Expenses

Up

$1,574,756

Up $706,113 (+81%) from 2022

Net Income

Up

$16,352

Up $207,539 (+109%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $4,745,154Liabilities 2013: $374,450Net Assets 2013: $4,370,7042013Assets 2014: $4,784,493Liabilities 2014: $371,782Net Assets 2014: $4,412,7112014Assets 2015: $5,061,234Liabilities 2015: $376,233Net Assets 2015: $4,685,0012015Assets 2016: $5,388,376Liabilities 2016: $365,751Net Assets 2016: $5,022,6252016Assets 2018: $6,864,005Liabilities 2018: $1,318,460Net Assets 2018: $5,545,5452018Assets 2019: $6,939,102Liabilities 2019: $1,354,127Net Assets 2019: $5,584,9752019Assets 2020: $6,806,146Liabilities 2020: $1,373,606Net Assets 2020: $5,432,5402020Assets 2022: $6,644,931Liabilities 2022: $1,428,705Net Assets 2022: $5,216,2262022Assets 2025: $6,149,594Liabilities 2025: $1,060,103Net Assets 2025: $5,089,4912025

Highlighted filing

2025

Assets$6,149,594
Liabilities$1,060,103
Net Assets$5,089,491
Open 2025 Filing

Operations Trend

Revenue Growth95th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $2,286,7652013Revenue 2014: $435,096Expenses 2014: $393,089Net Income 2014: $42,0072014Revenue 2015: $790,042Expenses 2015: $517,752Net Income 2015: $272,2902015Revenue 2016: $991,597Expenses 2016: $653,973Net Income 2016: $337,6242016Revenue 2018: $966,467Expenses 2018: $807,645Net Income 2018: $158,8222018Revenue 2019: $884,302Expenses 2019: $844,872Net Income 2019: $39,4302019Revenue 2020: $956,954Expenses 2020: $1,109,389Net Income 2020: -$152,4352020Revenue 2022: $677,456Expenses 2022: $868,643Net Income 2022: -$191,1872022Revenue 2025: $1,591,108Expenses 2025: $1,574,756Net Income 2025: $16,3522025

Highlighted filing

2025

Revenue$1,591,108
Expenses$1,574,756
Net Income$16,352
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,149,594
Liabilities
$1,060,103
Net assets
$5,089,491
Revenue
$1,591,108
Expenses
$1,574,756
Net income
$16,352
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.15$1.06$5.09$1.59$1.57$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.64$1.43$5.22$0.68$0.87$0.19
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.81$1.37$5.43$0.96$1.11$0.15
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.94$1.35$5.58$0.88$0.84$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.86$1.32$5.55$0.97$0.81$0.16
2016Detailed filing. Detailed filing data is available for this year.$5.39$0.37$5.02$0.99$0.65$0.34
2015Detailed filing. Detailed filing data is available for this year.$5.06$0.38$4.69$0.79$0.52$0.27
2014Detailed filing. Detailed filing data is available for this year.$4.78$0.37$4.41$0.44$0.39$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.75$0.37$4.37$2.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Feb 3, 2026
Return Version
2024v5.2
Gross Receipts
$1,935,393
Mission and Program Overview

Mission

To promote economic development in the City of Valley City and surrounding Barnes County area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$2,496,095$2,390,270▼ $105,825
Land, Buildings, and Equipment, Net$1,859,359$1,859,359→ $0
Other Notes and Loans Receivable, Net$1,379,435$1,297,880▼ $81,555
Cash and Non-Interest-Bearing Accounts$283,178$277,015▼ $6,163
Savings and Temporary Cash Investments$228,932$256,556▲ $27,624
Prepaid Expenses and Deferred Charges$20,744$20,976▲ $232
Accounts Receivable$370$19,686▲ $19,316
Total Assets$6,283,269$6,149,594▼ $133,675
Other Assets Total$15,156$27,852▲ $12,696
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,130,374$980,438▼ $149,936
Accounts Payable and Accrued Expenses$79,756$79,665▼ $91
Total Liabilities$1,210,130$1,060,103▼ $150,027
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,839,880$3,729,044▼ $110,836
Net Assets Without Donor Restrictions$1,233,259$1,360,447▲ $127,188
Total Net Assets Fund Balance$5,073,139$5,089,491▲ $16,352
Total Liabilities and Net Assets / Fund Balance$6,283,269$6,149,594▼ $133,675

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$-830--
Land$1,859,359--
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer FeistDirector of DevelopmentFT$117,869$117,869

Board Members and Trustees

NameTitle
Josh KasowskiPast President
Matthew PedersenPresident
David BeierleVice President
Dean KinneyDirector
Dick GulmonDirector
Katie BeyerDirector
Mary Lee NielsonDirector
Mike BishopDirector
Nate ZerfaceDirector
Paul DiegelDirector
Pete PaulsonDirector
Scott DieterleDirector
Shaun OlausonDirector
Todd IngstadDirector
Wade BrunsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,510,019
Program Service Revenue
$57,711
Investment Income
$29,861
Other Revenue
$-6,483
All Other Contributions
$73,642
Change in Net Assets
$16,352

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$59,842fair market value
Total Noncash Contributions1$59,842-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$982,256
Grants and Similar Amounts Paid$592,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$472,500--$472,500
Grants to Domestic Individuals$120,000--$120,000
Occupancy-$80,190-$80,190
Advertising$65,805--$65,805
Office Expenses-$11,865-$11,865
Fees for Services Accounting-$10,000-$10,000
Insurance-$5,385-$5,385
Information Technology-$5,245-$5,245
Conferences and Meetings-$1,418-$1,418
Other Expenses$22,040$1,152-$1,152
Travel-$725-$725
Interest-$637-$637
Fees for Services Legal-$35-$35
Total Functional Expenses$1,301,838$272,918$0$1,574,756
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Malach USA LlpValley City, ND501c3increase plant capacity$337,500
VCSU FoundationValley City, ND501c3Construction of athletic facilities$50,000
St Catherine SchoolValley City, ND501c3childcare grant program$25,000
Wonder World Recycling Center LLCValley City, ND-childcare grant program$25,000
South Central Regional CouncilJamestown, ND501c3Membership$22,040
Valley City Parks and RecreationValley City, ND-marketing coordinator$19,304
Valley Recycling CenterValley City, ND-project funds$15,000
Sheyenne Valley Community FoundatioValley City, ND501c4administrative assistance$10,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Matt PedersenPresidenttax & accounting servicesNo$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Any person interested in becoming a member of the Valley City - Barnes County Development Corporation submits an application and membership dues to the Corporation. Each member in good standing is entitled to one vote on matters submitted to a vote of all the members.”

Member election for additional members Part VI line 7A

“Members of Valley City - Barnes County Development Corporation nominate and elect officers and directors at its annual meeting.”

Form 990 governing body review Part VI line 11

“The Form 990 is presented to and discussed with the Board of Directors during a meeting.”

Conflict of interest policy compliance Part VI line 12C

“When conducting business for the organization, individuals with a potential conflict of interest on a given business decision are required to absatain from voting on the business decision in question.”

Governing documents etc available to public Part VI line 19

“All governing documents, policies, and financial statements are made available for public inspection in the offices located at 250 W Main St, Valley City, ND 58072, upon request to the Director of Development.”

Filing and Contact Details

Filer

Filer Name
Valley City - Barnes County Development Corporatio
EIN
36-3485273
In Care Of
% MATTHEW D PEDERSEN
Phone
7018451891
Address
250 West Main Street, Valley City, ND 58072

Signing Officer

Name
Matthew D Pedersen
Title
President
Phone
7018451457
Signed
2026-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Pedersen
Formed
1985
Legal Domicile
Nd
Voting Board Members
15
Independent Board Members
15
Employees
7
Volunteers
15

Preparer

Firm
Ludvigson Braun & Co
Address
PO BOX 845, Valley City, ND 58072-0845
Preparer
Michael D Pedersen
Phone
7018451457
Raw XML AppendixShowing 400 of 609 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt079756
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt079665
IRS990/AccountsReceivableGrp/BOYAmt0370
IRS990/AccountsReceivableGrp/EOYAmt019686
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To promote economic development in the City of Valley City and surrounding Barnes County area.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ProgramServicesAmt065805
IRS990/AdvertisingGrp/TotalAmt065805
IRS990/AllOtherContributionsAmt073642
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Jennifer Feist
IRS990/BooksInCareOfDetail/PhoneNum07018451891
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0250 West Main Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Valley City
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990/BooksInCareOfDetail/USAddress/ZIPCd058072
IRS990/BusinessRlnWith35CtrlEntInd0true
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0283178
IRS990/CashNonInterestBearingGrp/EOYAmt0277015
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01418
IRS990/ConferencesMeetingsGrp/TotalAmt01418
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01510019
IRS990/CYGrantsAndSimilarPaidAmt0592500
IRS990/CYInvestmentIncomeAmt029861
IRS990/CYOtherExpensesAmt0982256
IRS990/CYOtherRevenueAmt0-6483
IRS990/CYProgramServiceRevenueAmt057711
IRS990/CYRevenuesLessExpensesAmt016352
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01574756
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01591108
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0Provided $337,500 to assist with the purchase of a fully automated fiber laser system including a tower feeder. The fiber laser system was purchased to increase manufacturing plant capacity and sales to OEMs (Original Equipment Manufacturers).
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03839880
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03729044
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt0337500
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010000
IRS990/FeesForServicesAccountingGrp/TotalAmt010000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt035
IRS990/FeesForServicesLegalGrp/TotalAmt035
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0Jennifer Feist
IRS990/Form990PartVIISectionAGrp/PersonNm1Matthew Pedersen
IRS990/Form990PartVIISectionAGrp/PersonNm2David Beierle
IRS990/Form990PartVIISectionAGrp/PersonNm3Josh Kasowski
IRS990/Form990PartVIISectionAGrp/PersonNm4Nate Zerface
IRS990/Form990PartVIISectionAGrp/PersonNm5Mary Lee Nielson
IRS990/Form990PartVIISectionAGrp/PersonNm6Scott Dieterle
IRS990/Form990PartVIISectionAGrp/PersonNm7Wade Bruns
IRS990/Form990PartVIISectionAGrp/PersonNm8Dean Kinney
IRS990/Form990PartVIISectionAGrp/PersonNm9Paul Diegel
IRS990/Form990PartVIISectionAGrp/PersonNm10Todd Ingstad
IRS990/Form990PartVIISectionAGrp/PersonNm11Katie Beyer
IRS990/Form990PartVIISectionAGrp/PersonNm12Dick Gulmon
IRS990/Form990PartVIISectionAGrp/PersonNm13Mike Bishop
IRS990/Form990PartVIISectionAGrp/PersonNm14Pete Paulson
IRS990/Form990PartVIISectionAGrp/PersonNm15Shaun Olauson
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0117869
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director of Development
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt01385412
IRS990/GrantAmt0337500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0120000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0120000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0472500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0472500
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01935393
IRS990/GrossRentsGrp/RealAmt0309283
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05245
IRS990/InformationTechnologyGrp/TotalAmt05245
IRS990/InsuranceGrp/ManagementAndGeneralAmt05385
IRS990/InsuranceGrp/TotalAmt05385
IRS990/InterestGrp/ManagementAndGeneralAmt0637
IRS990/InterestGrp/TotalAmt0637
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt029861
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt029861
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02496095
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02390270
IRS990/IRPDocumentCnt037
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01859359
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01859359
IRS990/LandBldgEquipCostOrOtherBssAmt01859359
IRS990/LegalDomicileStateCd0ND
IRS990/LessRentalExpensesGrp/RealAmt0344285
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt050965
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To promote economic development in the City of Valley City and surrounding Barnes County area.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01130374
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0980438
IRS990/NetAssetsOrFundBalancesBOYAmt05073139
IRS990/NetAssetsOrFundBalancesEOYAmt05089491
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-35002
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-35002
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01233259
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01360447
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt059842
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt080190
IRS990/OccupancyGrp/TotalAmt080190
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011865
IRS990/OfficeExpensesGrp/TotalAmt011865
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015156
IRS990/OtherAssetsTotalGrp/EOYAmt027852
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Project Expenses
IRS990/OtherExpensesGrp/Desc1Membership Dues
IRS990/OtherExpensesGrp/Desc2Administrative Service
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0156266
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11152
IRS990/OtherExpensesGrp/ProgramServicesAmt0621493
IRS990/OtherExpensesGrp/ProgramServicesAmt122040
IRS990/OtherExpensesGrp/TotalAmt0621493
IRS990/OtherExpensesGrp/TotalAmt122040
IRS990/OtherExpensesGrp/TotalAmt2156266
IRS990/OtherExpensesGrp/TotalAmt31152
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Income
IRS990/OtherRevenueMiscGrp/Desc1Insurance Proceeds
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06071
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt122448
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06071
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt122448
IRS990/OtherRevenueTotalAmt028519
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01379435
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01297880
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020744
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020976
IRS990/PrincipalOfficerNm0Matthew Pedersen
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Administrative Fees
IRS990/ProgramServiceRevenueGrp/Desc1Event Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt037646
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt037646
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120065
IRS990/ProgSrvcAccomActy2Grp/Desc0Provided $228,202 ($182,561.60 City Funds and $45,640.40 Barnes County Funds) to extend a six-inch natural gas mainline to the south side of Interstate 94 at the underpass of 8th Avenue SE. The natural gas mainline is providing services to new and existing residential housing development south of 8th Avenue SE. The availability of natural gas on the south side of Interstate 94 will encourage additional future residential, commercial and light industrial development.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0228202
IRS990/ProgSrvcAccomActy3Grp/Desc0The purpose of the program is to increase housing inventory and positively impact community growth. Dedicated economic development funds of $120,000 and $180,000 were provided from Barnes County and the City of Valley City, respectively. Funds supported four new homes in rural Barnes County and six new homes within the limits of the City of Valley City. New home construction would impact the availability of existing homes at a different price point.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0120000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0120000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Support of various programs for the economic benefit of the City of Valley City and the surrounding area of Barnes County in North Dakota.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0616136
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0135000
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt057711
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0883319
IRS990/PYGrantsAndSimilarPaidAmt0415000
IRS990/PYInvestmentIncomeAmt022283
IRS990/PYOtherExpensesAmt0565425
IRS990/PYOtherRevenueAmt0-361
IRS990/PYProgramServiceRevenueAmt050215
IRS990/PYRevenuesLessExpensesAmt0-24969
IRS990/PYTotalExpensesAmt0980425
IRS990/PYTotalRevenueAmt0955456
IRS990/ReconcilationRevenueExpnssAmt016352
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/RealAmt0-35002
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0228932
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0256556
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0478116
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1119715
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt281650
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt31711619
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4-830
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Investment in Regional Tech Center
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Investment in Data Tranz LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Valley City Development Corporation
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3Investment of Tech II Building
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4Investment in Valley City Theater
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/LandGrp/BookValueAmt01859359
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01859359
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01859359
IRS990ScheduleD/TotalBookValueProgramRltdAmt02390270
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0120000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Home buyer assistance program
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/RecipientTable/CashGrantAmt050000
IRS990ScheduleI/RecipientTable/CashGrantAmt1337500
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt322040
IRS990ScheduleI/RecipientTable/CashGrantAmt425000
IRS990ScheduleI/RecipientTable/CashGrantAmt519304
IRS990ScheduleI/RecipientTable/CashGrantAmt615000
IRS990ScheduleI/RecipientTable/CashGrantAmt725000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501c4
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Construction of athletic facilities
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1increase plant capacity
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2administrative assistance
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Membership

Document Assets

No mirrored PDF or thumbnail assets are attached yet.