Civic Intelligence

Grand Forks Region Economic Development Corporation

990 • Fiscal year 2017 • EIN 45-0410198

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 27, 2018

Organization ProfileWWW.GRANDFORKS.ORG

View Organization Page

120 North 4th StGrand Forks, ND 58203

(701) 746-2720

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

44th percentile

0.04x

Higher debt load relative to revenue than 44% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

61st percentile

6.9%

Higher net margin than 61% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

89th percentile

$159,855

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

56th percentile

6.8%

Faster asset growth than 56% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

4.0%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$922,684

Up $58,658 (+6.8%) from 2016

Net Assets

Up

$887,029

Up $63,202 (+7.7%) from 2016

Liabilities

Down

$35,655

Down $4,544 (-11%) from 2016

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin61st percentile

Revenue

Up

$914,400

Up $35,275 (+4.0%) from 2016

Expenses

Down

$851,198

Down $426 (-0.1%) from 2016

Net Income

Up

$63,202

Up $35,701 (+130%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $8,258,252Liabilities 2010: $3,962,754Net Assets 2010: $4,295,4982010Assets 2011: $837,577Liabilities 2011: $22,311Net Assets 2011: $815,2662011Assets 2012: $879,020Liabilities 2012: $28,255Net Assets 2012: $850,7652012Assets 2013: $967,055Liabilities 2013: $53,758Net Assets 2013: $913,2972013Assets 2014: $995,376Liabilities 2014: $41,095Net Assets 2014: $954,2812014Assets 2015: $1,115,589Liabilities 2015: $38,299Net Assets 2015: $1,077,2902015Assets 2016: $864,026Liabilities 2016: $40,199Net Assets 2016: $823,8272016Assets 2017: $922,684Liabilities 2017: $35,655Net Assets 2017: $887,0292017Assets 2018: $1,067,052Liabilities 2018: $26,835Net Assets 2018: $1,040,2172018Assets 2019: $1,052,131Liabilities 2019: $23,524Net Assets 2019: $1,028,6072019Assets 2020: $1,207,377Liabilities 2020: $57,670Net Assets 2020: $1,149,7072020Assets 2021: $1,227,539Liabilities 2021: $327,700Net Assets 2021: $899,8392021Assets 2022: $1,184,900Liabilities 2022: $229,534Net Assets 2022: $955,3662022Assets 2023: $1,346,753Liabilities 2023: $391,339Net Assets 2023: $955,4142023Assets 2024: $1,541,452Liabilities 2024: $403,054Net Assets 2024: $1,138,3982024

Highlighted filing

2017

Assets$922,684
Liabilities$35,655
Net Assets$887,029
Open 2017 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $735,7072010Expenses 2011: $735,5172011Expenses 2012: $780,1972012Revenue 2013: $835,834Expenses 2013: $749,787Net Income 2013: $86,0472013Revenue 2014: $872,019Expenses 2014: $831,035Net Income 2014: $40,9842014Revenue 2015: $924,422Expenses 2015: $801,413Net Income 2015: $123,0092015Revenue 2016: $879,125Expenses 2016: $851,624Net Income 2016: $27,5012016Revenue 2017: $914,400Expenses 2017: $851,198Net Income 2017: $63,2022017Revenue 2018: $977,626Expenses 2018: $824,438Net Income 2018: $153,1882018Revenue 2019: $908,233Expenses 2019: $919,843Net Income 2019: -$11,6102019Revenue 2020: $981,429Expenses 2020: $860,329Net Income 2020: $121,1002020Revenue 2021: $963,329Expenses 2021: $1,213,197Net Income 2021: -$249,8682021Revenue 2022: $1,009,895Expenses 2022: $954,368Net Income 2022: $55,5272022Revenue 2023: $1,073,194Expenses 2023: $1,073,146Net Income 2023: $482023Revenue 2024: $1,539,015Expenses 2024: $1,356,031Net Income 2024: $182,9842024

Highlighted filing

2017

Revenue$914,400
Expenses$851,198
Net Income$63,202
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 27, 2018
Return Version
2017v2.3
Gross Receipts
$914,631
Mission and Program Overview

Mission

Promote economic growth in grand forks, north dakota and the surrounding communities through the attraction of new industries and expansion of current businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$425,567$463,971▲ $38,404
Savings and Temporary Cash Investments$289,784$321,927▲ $32,143
Land, Buildings, and Equipment, Net$144,773$128,534▼ $16,239
Accounts Receivable-$4,525-
Prepaid Expenses and Deferred Charges$3,902$3,727▼ $175
Total Assets$864,026$922,684▲ $58,658
Liabilities
Accounts Payable and Accrued Expenses$40,199$27,252▼ $12,947
Other Liabilities$0$8,403▲ $8,403
Total Liabilities$40,199$35,655▼ $4,544
Net Assets / Fund Balance
Unrestricted Net Assets$602,127$683,729▲ $81,602
Temporarily Rstr Net Assets$221,700$203,300▼ $18,400
Total Net Assets Fund Balance$823,827$887,029▲ $63,202
Total Liabilities and Net Assets / Fund Balance$864,026$922,684▲ $58,658

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$62,088$112,834$174,922
Leasehold Improvements$66,446$42,393$108,839
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith LundPresident/CEO From 07/2017FT$130,585$29,270$159,855
Klaus ThiessenPresident Ended 06/2017PT$99,548$17,339$116,887

Board Members and Trustees

NameTitle
Tammy PetersonChair From 04/2017
Karl BollingbergVice Chair From 04/2017
Dana SandeDirector
David EngenDirector
Dwight ThompsonDirector
John EickhofDirector
Jonathan HolthDirector
Korrie WenzelDirector
Robert MclennanDirector
Steve BurianDirector Ended 03/2017
Grant McgimpseySecretary/treasurer From 04/2017
Revenue and Support

Revenue Composition

Contributions and Grants
$906,960
Program Service Revenue
$0
Investment Income
$193
Other Revenue
$7,247
Change in Net Assets
$63,202

Audited Revenue Reconciliation

Revenue per Audited Statements
$914,400
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$231
Total Revenue per Audited Statements
$914,631
Total Revenue per Form 990
$914,400
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$572,119
Other Expenses$279,079
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$276,742
Other Salaries and Wages---$234,983
Advertising---$107,404
Payroll Taxes---$38,229
Depreciation Depletion---$34,370
Travel---$31,339
Occupancy---$30,200
Pension Plan Contributions---$13,849
Office Expenses---$12,348
Other Employee Benefits---$8,316
Other Expenses---$6,610
Insurance---$4,243
All Other Expenses---$1,039
Interest---$308
Total Functional Expenses$0$0$0$851,198

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$851,429
Expenses per Audited Statements$851,198
Total Expenses per Form 990$851,198
Expenses Not Reported on Form 990$231
Expenses Not Reported on Financial Statements$0
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$8,403
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Grand forks region economic development corporation is a not-for-profit corporation with members.”

Form 990, Part VI, Section A, Line 7A

“Members of the organization have the right to participate in board of director elections.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by the edc vice president and a complete copy is provided to the board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is monitored annually through the use of a questionnaire distributed to any directors, officers and key employees.”

Form 990, Part VI, Section B, Line 15

“The process for determining compensation includes a comparison of compensation from search firms and/or other edc offices in the state. This information is presented for discussion at an executive committee meeting of the board of directors.”

Form 990, Part VI, Section C, Line 19

“Financial statements are available on the organization's website as part of the annual report. No other documents are available to the public.”

Filing and Contact Details

Filer

Filer Name
Grand Forks Region Economic Development
EIN
45-0410198
Phone
7017462720
Address
120 NORTH 4TH ST, GRAND FORKS, ND 58203

Signing Officer

Name
Keith Lund
Title
President/CEO
Phone
7017462720
Signed
2018-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Lund
Formed
1988
Legal Domicile
Nd
Voting Board Members
11
Independent Board Members
10
Employees
11
Volunteers
0

Preparer

Firm
Brady Martz and Associates Pc
Address
PO BOX 14296, GRAND FORKS, ND 58208-4296
Preparer
Nicole Heldstab
Phone
7017754685
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

“The organization has not changed the oversight process or selection process from prior years.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization serves as a conduit entity for other organizations and may receive restricted funds. As of december 31,2017 no amount was on hand nor was anything included with restricted assets.”

PART X, LINE 2:

“The corporation'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 has no significant uncertain tax positions that would be subject to change upon examination. The federal income tax returns of the corporation are subject to examination by the irs, generally for three years after they are filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Loss on disposal of asset 231.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on disposal of asset 231.”

Raw XML AppendixShowing 400 of 459 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT ENDED 06/2017
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IRS990/OtherExpensesGrp/TotalAmt28948
IRS990/OtherExpensesGrp/TotalAmt36610
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt08403
IRS990/OtherRevenueMiscGrp/BusinessCd0561000
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt07247
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07247
IRS990/OtherRevenueTotalAmt07247
IRS990/OtherSalariesAndWagesGrp/TotalAmt0234983
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt038229
IRS990/PensionPlanContributionsGrp/TotalAmt013849
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03902
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03727
IRS990/PrincipalOfficerNm0KEITH LUND
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0868587
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0321
IRS990/PYOtherExpensesAmt0238936
IRS990/PYOtherRevenueAmt010217
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt027501
IRS990/PYSalariesCompEmpBnftPaidAmt0612688
IRS990/PYTotalExpensesAmt0851624
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0879125
IRS990/ReconcilationRevenueExpnssAmt063202
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0289784
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0321927
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt0305649
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt062088
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0112834
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0174922
IRS990ScheduleD/ExpensesNotReportedAmt0231
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0851198
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt066446
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt042393
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0108839
IRS990ScheduleD/OtherExpensesIncludedAmt0231
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08403
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherRevenueAmt0231
IRS990ScheduleD/RevenueNotReportedAmt0231
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0914400
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SERVES AS A CONDUIT ENTITY FOR OTHER ORGANIZATIONS AND MAY RECEIVE RESTRICTED FUNDS. AS OF DECEMBER 31,2017 NO AMOUNT WAS ON HAND NOR WAS ANYTHING INCLUDED WITH RESTRICTED ASSETS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION'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 HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON DISPOSAL OF ASSET 231.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3LOSS ON DISPOSAL OF ASSET 231.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0128534
IRS990ScheduleD/TotalExpensesPerForm990Amt0851198
IRS990ScheduleD/TotalLiabilityAmt08403
IRS990ScheduleD/TotalRevenuePerForm990Amt0914400
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0914631
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0851429
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0130585
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06529
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022741
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEITH LUND
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO FROM 07/2017
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0159855
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE ORGANIZATION HAVE THE RIGHT TO PARTICIPATE IN BOARD OF DIRECTOR ELECTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE EDC VICE PRESIDENT AND A COMPLETE COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY THROUGH THE USE OF A QUESTIONNAIRE DISTRIBUTED TO ANY DIRECTORS, OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS FOR DETERMINING COMPENSATION INCLUDES A COMPARISON OF COMPENSATION FROM SEARCH FIRMS AND/OR OTHER EDC OFFICES IN THE STATE. THIS INFORMATION IS PRESENTED FOR DISCUSSION AT AN EXECUTIVE COMMITTEE MEETING OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AS PART OF THE ANNUAL REPORT. NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS NOT CHANGED THE OVERSIGHT PROCESS OR SELECTION PROCESS FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART XII LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0GRAND FORKS REGION ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GRAND FORKS DEVELOPMENT FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0456016823
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTE ECONOMIC GROWTH TO GRAND FORKS, ND AND SURROUNDING COMMUNITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0120 NORTH 4TH ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GRAND FORKS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd058203
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0221700
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0203300
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0864026
IRS990/TotalAssetsEOYAmt0922684
IRS990/TotalAssetsGrp/BOYAmt0864026
IRS990/TotalAssetsGrp/EOYAmt0922684
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0906960
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/TotalAmt0851198
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt040199
IRS990/TotalLiabilitiesEOYAmt035655
IRS990/TotalLiabilitiesGrp/BOYAmt040199
IRS990/TotalLiabilitiesGrp/EOYAmt035655
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0823827
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0887029
IRS990/TotalOtherCompensationAmt046609
IRS990/TotalReportableCompFromOrgAmt0230133

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$922,684
Liabilities
$35,655
Net assets
$887,029
Revenue
$914,400
Expenses
$851,198
Net income
$63,202
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.40$1.14$1.54$1.36$0.18
2023Detailed filing. Detailed filing data is available for this year.$1.35$0.39$0.96$1.07$1.07$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.23$0.96$1.01$0.95$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.23$0.33$0.90$0.96$1.21$0.25
2020Detailed filing. Detailed filing data is available for this year.$1.21$0.06$1.15$0.98$0.86$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.05$0.02$1.03$0.91$0.92$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.07$0.03$1.04$0.98$0.82$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.92$0.04$0.89$0.91$0.85$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.04$0.82$0.88$0.85$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.12$0.04$1.08$0.92$0.80$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.00$0.04$0.95$0.87$0.83$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.97$0.05$0.91$0.84$0.75$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.03$0.85$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.02$0.82$0.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.26$3.96$4.30$0.74