2026-02-03T11:37:54-05:00 2025-09-30 472119490 LUDVIGSON BRAUN & CO PO BOX 845 Valley City ND 580720845 990 2024-10-01 363485273 Valley City - Barnes County Development Corporatio % MATTHEW D PEDERSEN VALL 7018451891 250 West Main Street Valley City ND 58072 MATTHEW D PEDERSEN PRESIDENT 7018451457 2026-02-03 true true MICHAEL D PEDERSEN P01993646 7018451457 2026-02-03 2024 2025-03-06 01:10:19Z X Matthew Pedersen 250 West Main Street Valley City ND 58072 1935393 false X X 1985 ND To promote economic development in the City of Valley City and surrounding Barnes County area. 15 15 7 15 0 0 883319 1510019 50215 57711 22283 29861 -361 -6483 955456 1591108 415000 592500 0 0 0 0 565425 982256 980425 1574756 -24969 16352 6283269 6149594 1210130 1060103 5073139 5089491 To promote economic development in the City of Valley City and surrounding Barnes County area. false false 337500 337500 Provided $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). 228202 Provided $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. 120000 120000 The 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. 616136 135000 57711 Support of various programs for the economic benefit of the City of Valley City and the surrounding area of Barnes County in North Dakota. 616136 135000 57711 1301838 false true false false false false false false false true false true false false false false false false false false false false false false false false true true false false false false false false true true false false false false true true false false true 37 0 true 7 true false false false false false false false false X 15 15 false false false false true true false true true false false true true true true true true false false false X Jennifer Feist 7018451891 250 West Main Street Valley City ND 58072 X Jennifer Feist Director of Development 40.00 0.00 X 117869 0 0 Matthew Pedersen President 10.00 0.00 X X 0 0 0 David Beierle Vice President 5.00 0.00 X X 0 0 0 Josh Kasowski Past President 2.00 0.00 X X 0 0 0 Nate Zerface Director 2.00 0.00 X 0 0 0 Mary Lee Nielson Director 2.00 0.00 X 0 0 0 Scott Dieterle Director 2.00 0.00 X 0 0 0 Wade Bruns Director 2.00 0.00 X 0 0 0 Dean Kinney Director 2.00 0.00 X 0 0 0 Paul Diegel Director 2.00 0.00 X 0 0 0 Todd Ingstad Director 2.00 0.00 X 0 0 0 Katie Beyer Director 2.00 0.00 X 0 0 0 Dick Gulmon Director 2.00 0.00 X 0 0 0 Mike Bishop Director 2.00 0.00 X 0 0 0 Pete Paulson Director 2.00 0.00 X 0 0 0 Shaun Olauson Director 2.00 0.00 X 0 0 0 117869 0 0 1 false false false 50965 1385412 73642 59842 1510019 Administrative Fees 531390 37646 37646 Event Income 900099 20065 20065 57711 29861 29861 309283 344285 -35002 -35002 -35002 0 Miscellaneous Income 531390 6071 6071 Insurance Proceeds 531390 22448 22448 28519 1591108 81089 0 0 472500 472500 120000 120000 35 35 10000 10000 65805 65805 11865 11865 5245 5245 80190 80190 725 725 1418 1418 637 637 5385 5385 Project Expenses 621493 621493 Membership Dues 22040 22040 Administrative Service 156266 156266 Miscellaneous 1152 1152 1574756 1301838 272918 0 283178 277015 228932 256556 370 19686 1379435 1297880 20744 20976 1859359 1859359 1859359 2496095 2390270 15156 27852 6283269 6149594 79756 79665 1130374 980438 1210130 1060103 X 1233259 1360447 3839880 3729044 5073139 5089491 6283269 6149594 16352 0 X true X false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1859359 1859359 1859359 Investment in Regional Tech Center 478116 C Investment in Data Tranz LLC 119715 C Valley City Development Corporation 81650 C Investment of Tech II Building 1711619 C Investment in Valley City Theater -830 C 2390270 true VCSU Foundation 101 College Street SW Valley City ND 58072 237178785 501c3 50000 Construction of athletic facilities MALACH USA LLP 1515 7th St SE Valley City ND 58072 363485273 337500 increase plant capacity Sheyenne Valley Community Foundatio 250 West Main Street Valley City ND 58072 464371645 501c3 10000 administrative assistance South Central Regional Council 429 2nd Street SW Suite 208 Jamestown ND 58402 450319431 501c4 22040 Membership St Catherine School 540 3rd Ave NE Valley City ND 58072 450229074 501c3 25000 childcare grant program Valley City Parks and Recreation 733 8th Ave SW Valley City ND 58072 450375502 501c3 19304 marketing coordinator Valley Recycling Center 115 12th Ave SE Valley City ND 58072 502130481 15000 project funds Wonder World Recycling Center LLC 2517 W Main St Ste A Valley City ND 58072 932885547 25000 childcare grant program Home buyer assistance program 8 120000 Monitoring procedures (Part I, line 2) We require copies of invoices that total at least the amount of the grant that we provide. Most grants are provided to local non-profits and community based organizations. For multi-year commitments, we issue contracts with clawback provisions that require repayment if terms are not met. Matt Pedersen President 10000 tax & accounting services false Supplemental Information for Schedule L Ludvigson Braun & Co. provides tax, accounting and finance services to the Valley City Barnes County Development Corporation. Ludvigson Braun & Co. is owned 75% by Matt Pedersen, the President of the Organization. X use of office space 1 59842 fair market value false false false 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. na N/A na N/A false false Valley City Development Corporation 250 West Main Street Valley City ND 58072 456012588 Real Estate Development ND Valley City Barnes County Development Co C Corp 72 72 0.72200 false false false false true false false false false false false false false false false false false false false false Valley City Development Corporation d 225428 cost