Nonprofit · EIN 45-0410198
GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · GRAND FORKS, ND 58203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,315,631 | $1,357,418 | -$41,787 | $1,480,125 | $383,514 | $1,096,611 |
| December 31, 2024 | 990 | $1,539,015 | $1,356,031 | $182,984 | $1,541,452 | $403,054 | $1,138,398 |
| December 31, 2023 | 990 | $1,073,194 | $1,073,146 | $48 | $1,346,753 | $391,339 | $955,414 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,220,983
- of which government grants
- $737,344
- Membership dues
- $470,500
- Program service revenue
- $60,870
- Investment income
- $31,941
- Other revenue
- $1,837
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $226,138
- Other salaries and wages
- $428,348
- Salaries, compensation and benefits (total)
- $765,811
- Professional fundraising fees
- $0
- Legal fees
- $930
- Accounting fees
- $45,898
- Occupancy
- $48,007
- Travel
- $47,256
- Depreciation
- $15,532
Balance sheet and other
- Total assets, start of year
- $1,541,452
- Total assets, end of year
- $1,480,125
- Total liabilities, end of year
- $383,514
- Net assets, end of year
- $1,096,611
- Land, buildings and equipment
- $24,239
- Net assets without donor restrictions
- $862,611
- Net assets with donor restrictions
- $234,000
- Gross receipts
- $1,315,631
- Employees
- 13
- Volunteers
- 0
- Year formed
- 1988
- 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 | Other / benefits |
|---|---|---|---|---|
| KEITH LUND | PRESIDENT/CEO Trustee or director, Officer | 46 | $188,892 | $37,247 |
| JONATHAN HOLTH | DIRECTOR Trustee or director | 0.92 | $0 | $0 |
| MEGHAN COMPTON | VICE CHAIR Trustee or director, Officer | 0.77 | $0 | $0 |
| JOHN ONCKEN | PAST CHAIR Trustee or director, Officer | 0.69 | $0 | $0 |
| SHAWN GADDIE | CHAIR Trustee or director, Officer | 0.58 | $0 | $0 |
| CHRIS WOLF | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DANA SANDE | DIRECTOR Trustee or director | 0.77 | $0 | $0 |
| MYLO EINARSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SALLY MISKAVIGE | DIRECTOR Trustee or director | 0.38 | $0 | $0 |
| CORY MELLAND | DIRECTOR Trustee or director | 0.38 | $0 | $0 |
| MARK RUSTAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH LUND | PRESIDENT/CEO Trustee or director, Officer | 48 | $185,000 | $30,511 |
| DAVID ENGEN | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JONATHAN HOLTH | PAST CHAIR Trustee or director, Officer | 1.4 | $0 | $0 |
| MEGHAN COMPTON | SECRETARY/TREASURER Trustee or director, Officer | 0.6 | $0 | $0 |
| JOHN ONCKEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHAWN GADDIE | VICE CHAIR Trustee or director, Officer | 1.15 | $0 | $0 |
| CHRIS WOLF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANA SANDE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MYLO EINARSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SALLY MISKAVIGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORY MELLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH LUND | PRESIDENT/CEO Trustee or director, Officer | 48 | $180,000 | $39,032 |
| BRANDON BOCHENSKI | DIRECTOR Trustee or director | 0.75 | $0 | $0 |
| DAVID ENGEN | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| ROBERT MAC MCLENNAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TAMMY PETERSON | DIRECTOR Trustee or director | 0.7 | $0 | $0 |
| KORRIE WENZEL | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JONATHAN HOLTH | PAST CHAIR Trustee or director, Officer | 1.4 | $0 | $0 |
| MEGHAN COMPTON | SECRETARY/TREASURER Trustee or director, Officer | 0.6 | $0 | $0 |
| JOHN ONCKEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHAWN GADDIE | VICE CHAIR Trustee or director, Officer | 1.15 | $0 | $0 |
| CHRIS WOLF | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 120 N 4TH ST, GRAND FORKS, ND 58203-3722
- Principal officer (990 for 2025)
- KEITH LUND, 120 NORTH 4TH ST, GRAND FORKS, ND 58203
- Signed the 990
- KEITH LUND, PRESIDENT/CEO
- Phone
- (701) 746-2720
- Website
- WWW.GRANDFORKS.ORG
- Return prepared by
- BRADY MARTZ PLLC
Mission
PROMOTE ECONOMIC GROWTH IN GRAND FORKS, NORTH DAKOTA AND THE SURROUNDING COMMUNITIES THROUGH THE ATTRACTION OF NEW INDUSTRIES AND EXPANSION OF CURRENT BUSINESSES.
Program accomplishments
- ECONOMIC GROWTH TO THE COMMUNITY THROUGH ATTRACTION OF INDUSTRY
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
- 45-0410198
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,480,125
- Income (IRS master file)
- $1,315,631
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,315,631 | $1,357,418 | $1,480,125 | XML |
| 990 | December 2024 | $1,539,015 | $1,356,031 | $1,541,452 | XML |
| 990 | December 2023 | $1,073,194 | $1,073,146 | $1,346,753 | XML |
| 990 | December 2022 | $1,009,895 | $954,368 | $1,184,900 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 45-0410198).
Questions about GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION is 45-0410198.
- Is GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1991.
- Are donations to GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GRAND FORKS REGION 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 GRAND FORKS REGION 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 GRAND FORKS REGION 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 GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names KEITH LUND.
- Who are the officers and directors of GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $188,892 (KEITH LUND, PRESIDENT/CEO).
- How much revenue does GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,315,631, expenses of $1,357,418 and total assets of $1,480,125 at year end.
Other nonprofits in GRAND FORKS
- ALTRU HEALTH SYSTEM EIN 45-0310462 · last filed 990 for 2024
- MINNKOTA POWER COOPERATIVE INC EIN 45-0166406 · last filed 990 for 2025
- NODAK ELECTRIC COOPERATIVE INC EIN 45-0172533 · last filed 990 for 2025
- UND AEROSPACE FOUNDATION EIN 45-0390485 · last filed 990 for 2025
- UND ALUMNI ASSOCIATION AND FOUNDATION EIN 45-0348296 · last filed 990 for 2024
- VALLEY HOMES AND SERVICES EIN 45-0229071 · last filed 990 for 2025
- 4000 VALLEY SQUARE INC DBA WOODSIDE VILL WHEATLAND TERR EIN 31-1558826 · last filed 990 for 2025
- DEVELOPMENT HOMES INC EIN 45-0322736 · last filed 990 for 2025