Nonprofit · EIN 45-0280838
HILLSBORO ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · HILLSBORO, ND 58045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $348,673 | $153,216 | $195,457 | $1,284,259 | $1,408 | $1,282,851 |
| December 31, 2024 | 990 | $345,813 | $129,323 | $216,490 | $1,088,952 | $1,558 | $1,087,394 |
| December 31, 2023 | 990 | $295,915 | $84,799 | $211,116 | $872,827 | $1,923 | $870,904 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $129,785
- of which government grants
- $129,785
- Program service revenue
- $0
- Investment income
- $16,712
- Net income from gaming
- $196,375
- Other revenue
- $202,176
Expenses
- Grants and similar amounts paid
- $109,993
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,140
- Program services (functional)
- $150,926
- Management and general (functional)
- $2,290
Balance sheet and other
- Total assets, start of year
- $1,088,952
- Total assets, end of year
- $1,284,259
- Total liabilities, end of year
- $1,408
- Net assets, end of year
- $1,282,851
- Net assets without donor restrictions
- $1,229,081
- Net assets with donor restrictions
- $53,770
- Gross receipts
- $3,675,032
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1995
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHEILA GERAY | BUSINESS MANAGER Key employee | 10 | $6,298 |
| TERRY SANDO | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DUSTIN NAGEL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RYAN OPDAHL ENDS JULY 2025 | TREASURER Trustee or director, Officer | 1 | $0 |
| JR STROM | TREASURER Trustee or director, Officer | 1 | $0 |
| BRETT BOEDDEKER | DIRECTOR Trustee or director | 1 | $0 |
| CATHY BRENAN | DIRECTOR Trustee or director | 1 | $0 |
| JON DRYBURGH | DIRECTOR Trustee or director | 1 | $0 |
| MARK FORSETH | DIRECTOR Trustee or director | 1 | $0 |
| RICK NELSON | DIRECTOR Trustee or director | 1 | $0 |
| SARAH REIMERS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHEILA GERAY | BUSINESS MANAGER Key employee | 10 | $7,241 |
| TERRY SANDO | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DUSTIN NAGEL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RYAN OPDAHL | TREASURER Trustee or director, Officer | 1 | $0 |
| BRETT BOEDDEKER | DIRECTOR Trustee or director | 1 | $0 |
| CATHY BRENAN | DIRECTOR Trustee or director | 1 | $0 |
| JON DRYBURGH | DIRECTOR Trustee or director | 1 | $0 |
| MARK FORSETH | DIRECTOR Trustee or director | 1 | $0 |
| RICK NELSON | DIRECTOR Trustee or director | 1 | $0 |
| J R STROM | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHEILA GERAY | BUSINESS MANAGER Key employee | 10 | $8,093 |
| TERRY SANDO | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DUSTIN NAGEL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RYAN OPDAHL | TREASURER Trustee or director, Officer | 1 | $0 |
| BRETT BOEDDEKER | DIRECTOR Trustee or director | 1 | $0 |
| CATHY BRENAN | DIRECTOR Trustee or director | 1 | $0 |
| JON DRYBURGH | DIRECTOR Trustee or director | 1 | $0 |
| MARK FORSETH | DIRECTOR Trustee or director | 1 | $0 |
| RICK NELSON | DIRECTOR Trustee or director | 1 | $0 |
| J R STROM | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 502, HILLSBORO, ND 58045-0502
- In care of
- % ANGELA KRITZBERGER
- Principal officer (990 for 2025)
- TERRY SANDO, PO BOX 502, HILLSBORO, ND 58045
- Signed the 990
- TERRY SANDO, PRESIDENT
- Phone
- (701) 430-1213
- Return prepared by
- OVERMOE & NELSON LTD
Mission
TO LESSEN THE GOVERNMENTS BURDEN OF UNDERTAKING ECONOMIC DEVELOPMENT TO SUSTAIN HILLSBORO, ND AS A COMMUNITY BY ENCOURAGING THE DEVELOPMENT OF INDUSTRY AND BUSINESS IN
Program accomplishments
- COMMUNITY ECONOMIC DEVELOPMENT AND PROMOTION OF HILLSBORO, ND WITH THE PURPOSE OF EASING GOVERNMENT EXPENSES IN THIS AREA.Expenses $150,926 · grants $109,993 · revenue $348,673
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0280838
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S80)
- Assets (IRS master file)
- $1,284,259
- Income (IRS master file)
- $3,675,032
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $348,673 | $153,216 | $1,284,259 | IRS |
| 990 | December 2024 | $345,813 | $129,323 | $1,088,952 | IRS |
| 990 | December 2023 | $295,915 | $84,799 | $872,827 | XML |
| 990 | December 2022 | $269,380 | $74,207 | $660,995 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 45-0280838).
Questions about HILLSBORO ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of HILLSBORO ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HILLSBORO ECONOMIC DEVELOPMENT CORPORATION is 45-0280838.
- Is HILLSBORO ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to HILLSBORO ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HILLSBORO ECONOMIC 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 HILLSBORO ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HILLSBORO ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HILLSBORO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names TERRY SANDO.
- Who are the officers and directors of HILLSBORO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $6,298 (SHEILA GERAY, BUSINESS MANAGER).
- How much revenue does HILLSBORO ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $348,673, expenses of $153,216 and total assets of $1,284,259 at year end.
Other nonprofits in HILLSBORO
- HILLSBORO BUSINESS ASSOCIATION EIN 45-0389784 · last filed 990-N for 2025
- TRAILL UNITED GROUP EIN 47-3237603 · last filed 990-N for 2025
- HILLSBORO MANOR HOUSING INC EIN 45-0451015 · last filed 990 for 2025
- HILLSBORO DEVELOPMENT ASSOCIATION INC EIN 45-0307693 · last filed 990 for 2023
- TRAILL COUNTY NORTH DAKOTA HISTORICAL SOCIETY EIN 45-0372811 · last filed 990-EZ for 2026
- NORTHERN LIGHTS YOUTH SERVICES INC EIN 37-1473272 · last filed 990 for 2024
- BAKERY CONFECTIONERY TOBACCO WORKERS AND GRAIN MILLERS INTL UNI EIN 45-0331316 · last filed 990-EZ for 2025
- NORTH DAKOTA ASSOCIATION OF EXTENSION YOUTH WORKERS NDAE4-HYW EIN 31-1599280 · last filed 990-N for 2025
All nonprofits in HILLSBORO · North Dakota · Community improvement and capacity building