Civic Intelligence

Grand Forks Development Foundation

990 • Fiscal year 2016 • EIN 45-6016823

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 17, 2017

Organization ProfileN/A
120 N 4th StreetGrand Forks, ND 58203

(701) 746-2720

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

95th percentile

$201,840

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 71.7% of source-year revenue.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

96th percentile

91%

Faster asset growth than 96% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

100th percentile

48028%

Faster revenue growth than 100% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$592,601

Up $281,549 (+91%) from 2015

Net Assets

Up

$592,601

Up $281,549 (+91%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin100th percentile

Revenue

Up

$281,549

Up $280,964 (+48028%) from 2015

Expenses

Flat

$0

Flat from 2015

Net Income

Up

$281,549

Up $280,964 (+48028%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$800K$600K$400K$200K$0Assets 2010: $265,352Liabilities 2010: $9,170Net Assets 2010: $256,1822010Assets 2011: $258,322Liabilities 2011: $8,503Net Assets 2011: $249,8192011Assets 2012: $329,485Liabilities 2012: $20,000Net Assets 2012: $309,4852012Assets 2013: $309,994Liabilities 2013: $0Net Assets 2013: $309,9942013Assets 2014: $310,467Liabilities 2014: $0Net Assets 2014: $310,4672014Assets 2015: $311,052Liabilities 2015: $0Net Assets 2015: $311,0522015Assets 2016: $592,601Liabilities 2016: $0Net Assets 2016: $592,6012016Assets 2017: $592,827Liabilities 2017: $0Net Assets 2017: $592,8272017Assets 2018: $592,272Liabilities 2018: $0Net Assets 2018: $592,2722018Assets 2019: $596,467Liabilities 2019: $0Net Assets 2019: $596,4672019Assets 2020: $599,963Liabilities 2020: $0Net Assets 2020: $599,9632020Assets 2021: $603,693Liabilities 2021: $250,000Net Assets 2021: $353,6932021Assets 2022: $287,762Liabilities 2022: $0Net Assets 2022: $287,7622022Assets 2023: $296,179Liabilities 2023: $0Net Assets 2023: $296,1792023Assets 2024: $300,218Liabilities 2024: $0Net Assets 2024: $300,2182024

Highlighted filing

2016

Assets$592,601
Liabilities$0
Net Assets$592,601
Open 2016 Filing

Operations Trend

Revenue Growth100th percentile

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

$400K$200K$0-$200K-$400KRevenue 2010: $838Expenses 2010: $2,449Net Income 2010: -$1,6112010Revenue 2011: $1,431Expenses 2011: $7,794Net Income 2011: -$6,3632011Revenue 2012: $65,266Expenses 2012: $5,600Net Income 2012: $59,6662012Revenue 2013: $1,109Expenses 2013: $600Net Income 2013: $5092013Revenue 2014: $948Expenses 2014: $475Net Income 2014: $4732014Revenue 2015: $585Expenses 2015: $0Net Income 2015: $5852015Revenue 2016: $281,549Expenses 2016: $0Net Income 2016: $281,5492016Revenue 2017: $236Expenses 2017: $10Net Income 2017: $2262017Revenue 2018: $290Expenses 2018: $845Net Income 2018: -$5552018Revenue 2019: $5,054Expenses 2019: $859Net Income 2019: $4,1952019Revenue 2020: $4,986Expenses 2020: $1,490Net Income 2020: $3,4962020Revenue 2021: $5,210Expenses 2021: $251,480Net Income 2021: -$246,2702021Revenue 2022: $16Expenses 2022: $65,947Net Income 2022: -$65,9312022Revenue 2023: $9,737Expenses 2023: $1,320Net Income 2023: $8,4172023Revenue 2024: $4,759Expenses 2024: $720Net Income 2024: $4,0392024

Highlighted filing

2016

Revenue$281,549
Expenses$0
Net Income$281,549
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 17, 2017
Return Version
2016v3.0
Gross Receipts
$281,549
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
Investments Other Securities$177,156$177,674▲ $518
Cash and Non-Interest-Bearing Accounts$133,896$133,963▲ $67
Total Assets$311,052$592,601▲ $281,549
Other Assets Total$0$280,964▲ $280,964
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$311,052$592,601▲ $281,549
Total Net Assets Fund Balance$311,052$592,601▲ $281,549
Total Liabilities and Net Assets / Fund Balance$311,052$592,601▲ $281,549

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$280,964--
Other Securities$177,674--
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
Dwight ThompsonChair
Karl Bollingbergthrough AprilVice Chair
Tammy Petersonfrom AprilVice Chair
Klaus ThiessenSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$280,964
Program Service Revenue
$0
Investment Income
$585
Other Revenue
$0
Change in Net Assets
$281,549

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
Real Estate Commercial1$280,964Cost Value
Total Noncash Contributions1$280,964-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Management duties delegated
No

Governance Explanations

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

“Members of the governing body are appointed annually by the board of directors of the grand forks region economic development corporation, 100% owner of the grand forks development foundation.”

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

“Decisions of the foundation are subject to approval by the board of directors of the grand forks region economic development corporation.”

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

“Form 990 is reviewed for accuracy individually by the board of directors and the operations manager and approved 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 C, Line 18

“The organization's form 990 public inspection copy is available upon request and at www.guidestar.org.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Grand Forks Development Foundation
EIN
45-6016823
Phone
7017462720
Address
120 N 4TH STREET, GRAND FORKS, ND 58203

Signing Officer

Name
Klaus Thiessen
Title
Pres/sec/treas
Phone
7017462720
Signed
2017-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Klaus Thiessen
Formed
1967
Legal Domicile
Nd
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Brady Martz and Associates Pc
Address
PO BOX 14296, GRAND FORKS, ND 58208-4296
Preparer
Brady Martz Associates Pc
Phone
7017754685
Raw XML Appendix335 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/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROMOTE ECONOMIC GROWTH IN GRAND FORKS, NORTH DAKOTA AND THE SURROUNDING COMMUNITIES THROUGH THE ATTRACTION OF NEW INDUSTRIES AND EXPANSION OF CURRENT BUSINESSES.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KLAUS THIESSEN
IRS990/BooksInCareOfDetail/PhoneNum07017462720
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0600 DEMERS AVE SUITE 501
IRS990/BooksInCareOfDetail/USAddress/CityNm0GRAND FORKS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990/BooksInCareOfDetail/USAddress/ZIPCd058201
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0133896
IRS990/CashNonInterestBearingGrp/EOYAmt0133963
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0280964
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0585
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0281549
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt00
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0281549
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0ECONOMIC GROWTH TO COMMUNITY THROUGH ATTRACTION OF INDUSTRY
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt332815
IRS990/Form990PartVIISectionAGrp/PersonNm0DWIGHT THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm1TAMMY PETERSONFROM APRIL
IRS990/Form990PartVIISectionAGrp/PersonNm2KARL BOLLINGBERGTHROUGH APRIL
IRS990/Form990PartVIISectionAGrp/PersonNm3KLAUS THIESSEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3169025
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SEC/TREAS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0281549
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0585
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0585
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0177156
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0177674
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0ND
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTE ECONOMIC GROWTH IN GRAND FORKS, NORTH DAKOTA AND THE SURROUNDING COMMUNITIES THROUGH THE ATTRACTION OF NEW INDUSTRIES AND EXPANSION OF CURRENT BUSINESSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0311052
IRS990/NetAssetsOrFundBalancesEOYAmt0592601
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt0280964
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0280964
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KLAUS THIESSEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/ReconcilationRevenueExpnssAmt0281549
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0280964
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0280964
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LAND HELD FOR SALE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0177674
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSITS- MATURITY GREATER THAN 1 YEAR
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0280964
IRS990ScheduleD/TotalBookValueSecuritiesAmt0177674
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0169025
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt08451
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt024364
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KLAUS THIESSEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SEC/TREAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0201840
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0COST VALUE
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt0280964
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE GOVERNING BODY ARE APPOINTED ANNUALLY BY THE BOARD OF DIRECTORS OF THE GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION, 100% OWNER OF THE GRAND FORKS DEVELOPMENT FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DECISIONS OF THE FOUNDATION ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS OF THE GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED FOR ACCURACY INDIVIDUALLY BY THE BOARD OF DIRECTORS AND THE OPERATIONS MANAGER AND APPROVED 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 ORGANIZATION'S FORM 990 PUBLIC INSPECTION COPY IS AVAILABLE UPON REQUEST AND AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
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 C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GRAND FORKS REGION DECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0450410198
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C) 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTE ECONOMIC GROWTH TO GRAND FORKS NORTH DAKOTA
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/TransactionsRelatedOrgGrp/InvolvedAmt0280964
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0GRAND FORKS REGION ECONOMIC DEVELOPMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0311052
IRS990/TotalAssetsEOYAmt0592601
IRS990/TotalAssetsGrp/BOYAmt0311052
IRS990/TotalAssetsGrp/EOYAmt0592601
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0280964
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0311052
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0592601
IRS990/TotalOtherCompensationAmt032815
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0585
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0281549
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0311052
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0592601
IRS990/TotReportableCompRltdOrgAmt0169025
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0311052
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0592601
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0120 N 4TH STREET
IRS990/USAddress/CityNm0GRAND FORKS
IRS990/USAddress/StateAbbreviationCd0ND
IRS990/USAddress/ZIPCd058203
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KLAUS THIESSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES/SEC/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum07017462720
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRAND FORKS DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0GRAN
ReturnHeader/Filer/EIN0456016823
ReturnHeader/Filer/PhoneNum07017462720
ReturnHeader/Filer/USAddress/AddressLine1Txt0120 N 4TH STREET
ReturnHeader/Filer/USAddress/CityNm0GRAND FORKS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058203
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0497792C4A27314A173439690B2D533DC24BBB8B7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EEB6B47B52C45DC429578530A207974813C51079
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.111.23.187
ReturnHeader/FilingSecurityInformation/IPDt02017-07-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:03:01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450310328
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADY MARTZ AND ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 14296
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND FORKS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0582084296
ReturnHeader/PreparerPersonGrp/PhoneNum07017754685
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADY MARTZ ASSOCIATES PC
ReturnHeader/ReturnTs02017-07-27T15:13:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$592,601
Liabilities
$0
Net assets
$592,601
Revenue
$281,549
Expenses
$0
Net income
$281,549
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.00$0.00$3.00$0.05$0.01$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.00$2.96$0.10$0.01$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$0.00$2.88$0.00$0.66$0.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.04$2.50$3.54$0.05$2.51$2.46
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.00$0.00$6.00$0.05$0.01$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$0.00$5.96$0.05$0.01$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.92$0.00$5.92$0.00$0.01$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$0.00$5.93$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$5.93$0.00$5.93$2.82$0.00$2.82
2015Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$0.01$0.00$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$0.01$0.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$0.01$0.01$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$0.20$3.09$0.65$0.06$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$0.09$2.50$0.01$0.08$0.06
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.65$0.09$2.56$0.01$0.02$0.02