Nonprofit · EIN 36-3485273
VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION
Tax-exempt · VALLEY CITY, ND 58072
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,591,108 | $1,574,756 | $16,352 | $6,149,594 | $1,060,103 | $5,089,491 |
| September 30, 2024 | 990 | $955,456 | $980,425 | -$24,969 | $6,283,269 | $1,210,130 | $5,073,139 |
| September 30, 2023 | 990 | $639,023 | $756,727 | -$117,704 | $6,446,008 | $1,347,486 | $5,098,522 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,510,019
- of which government grants
- $1,385,412
- Membership dues
- $50,965
- Program service revenue
- $57,711
- Investment income
- $29,861
- Net rental income
- -$35,002
- Other revenue
- -$6,483
Expenses
- Grants and similar amounts paid
- $592,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $35
- Accounting fees
- $10,000
- Occupancy
- $80,190
- Travel
- $725
- Program services (functional)
- $1,301,838
- Management and general (functional)
- $272,918
Balance sheet and other
- Total assets, start of year
- $6,283,269
- Total assets, end of year
- $6,149,594
- Total liabilities, end of year
- $1,060,103
- Net assets, end of year
- $5,089,491
- Land, buildings and equipment
- $1,859,359
- Net assets without donor restrictions
- $1,360,447
- Net assets with donor restrictions
- $3,729,044
- Gross receipts
- $1,935,393
- Employees
- 7
- Volunteers
- 15
- Year formed
- 1985
- State of legal domicile
- ND
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Feist | Director of Development Key employee | 40 | $117,869 |
| Matthew Pedersen | President Trustee or director, Officer | 10 | $0 |
| David Beierle | Vice President Trustee or director, Officer | 5 | $0 |
| Josh Kasowski | Past President Trustee or director, Officer | 2 | $0 |
| Nate Zerface | Director Trustee or director | 2 | $0 |
| Mary Lee Nielson | Director Trustee or director | 2 | $0 |
| Scott Dieterle | Director Trustee or director | 2 | $0 |
| Wade Bruns | Director Trustee or director | 2 | $0 |
| Dean Kinney | Director Trustee or director | 2 | $0 |
| Paul Diegel | Director Trustee or director | 2 | $0 |
| Todd Ingstad | Director Trustee or director | 2 | $0 |
| Katie Beyer | Director Trustee or director | 2 | $0 |
| Dick Gulmon | Director Trustee or director | 2 | $0 |
| Mike Bishop | Director Trustee or director | 2 | $0 |
| Pete Paulson | Director Trustee or director | 2 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shaun Olauson | Director Trustee or director | 2 | $0 |
990 for the year ended September 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Bierle | President - Elect Trustee or director, Officer | 5 | $0 |
| Wade Bruns | Director Trustee or director | 2 | $0 |
| Matt Pedersen | President Trustee or director, Officer | 10 | $0 |
| Nate Zerface | Director Trustee or director | 2 | $0 |
| 0 | Director Trustee or director | 2 | $0 |
| George Gaukler | Director Trustee or director | 2 | $0 |
| Mary Lee Nielson | Past President Trustee or director, Officer | 2 | $0 |
| Dean Kinney | Director Trustee or director | 2 | $0 |
| Bill Carlblom | Director Trustee or director | 2 | $0 |
| Luke Trapp | Director Trustee or director | 2 | $0 |
| Josh Kasowski | Director Trustee or director | 2 | $0 |
| Mike Bishop | Director Trustee or director | 2 | $0 |
| Pete Paulson | Director Trustee or director | 2 | $0 |
| Paul Diegel | Director Trustee or director | 2 | $0 |
| Katie Beyer | Director Trustee or director | 2 | $0 |
990 for the year ended September 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Bierle | Director Trustee or director | 2 | $0 |
| Wade Bruns | Director Trustee or director | 2 | $0 |
| Matt Pedersen | President-Elect Trustee or director, Officer | 5 | $0 |
| Nate Zerface | Director Trustee or director | 2 | $0 |
| Dick Gulmon | Director Trustee or director | 2 | $0 |
| George Gaukler | Director Trustee or director | 2 | $0 |
| Mary Lee Nielson | President Trustee or director, Officer | 10 | $0 |
| Dean Kinney | Director Trustee or director | 2 | $0 |
| Bill Carlblom | Director Trustee or director | 2 | $0 |
| Luke Trapp | Director Trustee or director | 2 | $0 |
| Josh Kasowski | Director Trustee or director | 2 | $0 |
| Mike Bishop | Director Trustee or director | 2 | $0 |
| Pete Paulson | Director Trustee or director | 2 | $0 |
| Paul Diegel | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 250 W MAIN STREET, VALLEY CITY, ND 58072-3305
- Principal officer (990 for 2024)
- Matthew Pedersen, 250 West Main Street, Valley City, ND 58072
- Signed the 990
- MATTHEW D PEDERSEN, PRESIDENT
- Phone
- (701) 845-1891
- Return prepared by
- LUDVIGSON BRAUN & CO
Mission
To promote economic development in the City of Valley City and surrounding Barnes County area.
Program accomplishments
- 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).Expenses $337,500 · grants $337,500
- 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.Expenses $228,202
- 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.Expenses $120,000 · grants $120,000
- Support of various programs for the economic benefit of the City of Valley City and the surrounding area of Barnes County in North Dakota.Expenses $616,136 · grants $135,000 · revenue $57,711
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 36-3485273
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,149,594
- Income (IRS master file)
- $1,935,393
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,591,108 | $1,574,756 | $6,149,594 | XML |
| 990 | September 2024 | $955,456 | $980,425 | $6,283,269 | XML |
| 990 | September 2023 | $639,023 | $756,727 | $6,446,008 | XML |
| 990 | September 2022 | $677,456 | $868,643 | $6,644,931 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3485273).
Questions about VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION
- What is the EIN of VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION is 36-3485273.
- Is VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Are donations to VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names Matthew Pedersen.
- Who are the officers and directors of VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $117,869 (Jennifer Feist, Director of Development).
- How much revenue does VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,591,108, expenses of $1,574,756 and total assets of $6,149,594 at year end.
Other nonprofits in VALLEY CITY
- OPEN DOOR CENTER EIN 45-0277603 · last filed 990 for 2025
- VALLEY CITY STATE UNIVERSITY FOUNDATION EIN 23-7178785 · last filed 990 for 2025
- SOUTH CENTRAL ADULT SERVICES EIN 45-0373281 · last filed 990 for 2025
- NORTH DAKOTA HIGH SCHOOL ACTIVITIES ASSOCIATION EIN 45-0229318 · last filed 990 for 2025
- BRIDGEVIEW ESTATES INC EIN 45-0449299 · last filed 990 for 2025
- THUNDERING SAINTS EIN 27-3083994 · last filed 990 for 2025
- NORTH DAKOTA WINTER SHOW INC EIN 45-0218524 · last filed 990 for 2025
- AFTER SCHOOL LATCH KEY PROGRAM INC EIN 45-0405906 · last filed 990 for 2024