Nonprofit · EIN 45-0401140
DESOUR VALLEY EDC INC
Tax-exempt · BURLINGTON, ND 58722
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $60,071 | $31,013 | $29,058 | $1,038,107 | $0 | $1,038,107 |
| December 31, 2024 | 990 | $364,640 | $101,621 | $263,019 | $999,342 | $0 | $999,342 |
| December 31, 2023 | 990 | $151,738 | $111,767 | $39,971 | $736,323 | $0 | $736,323 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $31,000
- of which government grants
- $30,000
- Program service revenue
- $0
- Investment income
- $29,044
- Other revenue
- $27
Expenses
- Grants and similar amounts paid
- $11,365
- Compensation of officers, directors and key employees
- $5,000
- Salaries, compensation and benefits (total)
- $6,148
- Professional fundraising fees
- $0
- Accounting fees
- $2,248
- Depreciation
- $3,155
- Program services (functional)
- $28,765
- Management and general (functional)
- $2,248
Balance sheet and other
- Total assets, start of year
- $999,342
- Total assets, end of year
- $1,038,107
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,038,107
- Land, buildings and equipment
- $31,550
- Gross receipts
- $60,071
- Employees
- 1
- Volunteers
- 9
- Year formed
- 1987
- 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 |
|---|---|---|---|
| TERILYNN HOFF | SECRETARY Trustee or director, Officer | 1.25 | $5,000 |
| ANDY FIMRITE | PRESIDENT Trustee or director, Officer | 1.25 | $0 |
| DARLA JOST | VICE-PRESIDENT Trustee or director, Officer | 1.25 | $0 |
| JEANA RYNESTAD | TREASURER Trustee or director, Officer | 1.25 | $0 |
| ROD SCHWANDT | DIRECTOR Trustee or director | 0.25 | $0 |
| SCOTT WALTER | DIRECTOR Trustee or director | 0.25 | $0 |
| SHANNON HANSON | DIRECTOR Trustee or director | 0.25 | $0 |
| JEANINE KABANUK | DIRECTOR Trustee or director | 0.25 | $0 |
| JACK ANDERSON | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERILYNN HOFF | SECRETARY Trustee or director, Officer | 1.25 | $5,000 |
| ROD SCHWANDT | DIRECTOR Trustee or director | 0.25 | $0 |
| JEANA RYNESTAD | TREASURER Trustee or director, Officer | 1.25 | $0 |
| ANDY FIMRITE | PRESIDENT Trustee or director, Officer | 1.25 | $0 |
| DARLA JOST | VICE-PRESIDENT Trustee or director, Officer | 1.25 | $0 |
| JEANINE KABANUK | DIRECTOR Trustee or director | 0.25 | $0 |
| SCOTT WALTER | DIRECTOR Trustee or director | 0.25 | $0 |
| SHANNON HANSON | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERILYNN HOFF | SECRETARY Trustee or director, Officer | 1.25 | $5,000 |
| ROD SCHWANDT | DIRECTOR Trustee or director | 0.5 | $0 |
| JEANA RYNESTAD | TREASURER Trustee or director, Officer | 1.25 | $0 |
| ANDY FIMRITE | PRESIDENT Trustee or director, Officer | 1.25 | $0 |
| DARLA JOST | VICE-PRESIDENT Trustee or director, Officer | 1.25 | $0 |
| JEANINE KABANUK | DIRECTOR Trustee or director | 0.25 | $0 |
| MICHAEL TROWBRIDGE | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 206, BURLINGTON, ND 58722-0206
- In care of
- % STEVE PERRY
- Mailing address (990-N for 2011)
- PO Box 10, Burlington ND 58722
- Principal officer (990 for 2025)
- JEANA RYNESTAD, PO BOX 206, BURLINGTON, ND 58722
- Principal officer (990-N for 2011)
- Glen Stevens, PO Box 10, Burlington ND 58722
- Signed the 990
- JEANA RYNESTAD, TREASURER
- Phone
- (701) 857-7220
- Return prepared by
- BRADY MARTZ PLLC
Mission
TO FACILITATE THE RETENTION, EXPANSION, START-UP AND RELOCATION OF PRIMARY SECTOR BUSINESSES IN THE BURLINGTON AREA TO DIVERSIFY AND GROW THE REGION'S ECONOMY.
Program accomplishments
- TO FACILITATE THE RETENTION, EXPANSION, START-UP AND RELOCATION OF PRIMARY SECTOR BUSINESSES IN THE BURLINGTON AREA TO DIVERSIFY AND GROW THE REGION'S ECONOMY AND PROMOTE THE OVERALL BETTERMENT OF THE COMMUNITY.Expenses $28,765 · grants $11,365
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
- 45-0401140
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $1,038,107
- Income (IRS master file)
- $60,071
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $60,071 | $31,013 | $1,038,107 | IRS |
| 990 | December 2024 | $364,640 | $101,621 | $999,342 | IRS |
| 990 | December 2023 | $151,738 | $111,767 | $736,323 | XML |
| 990 | December 2022 | $39,943 | $50,843 | $696,352 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Glen Stevens | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-0401140).
Questions about DESOUR VALLEY EDC INC
- What is the EIN of DESOUR VALLEY EDC INC?
- The employer identification number (EIN) of DESOUR VALLEY EDC INC is 45-0401140.
- Is DESOUR VALLEY EDC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to DESOUR VALLEY EDC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DESOUR VALLEY EDC INC 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 DESOUR VALLEY EDC INC 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 DESOUR VALLEY EDC INC 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 DESOUR VALLEY EDC INC?
- The 990 for the year ended December 31, 2025 names JEANA RYNESTAD.
- Who are the officers and directors of DESOUR VALLEY EDC INC?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $5,000 (TERILYNN HOFF, SECRETARY).
- How much revenue does DESOUR VALLEY EDC INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $60,071, expenses of $31,013 and total assets of $1,038,107 at year end.
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All nonprofits in BURLINGTON · North Dakota · Community improvement and capacity building