Nonprofit · EIN 45-0427053
FORMAN COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · FORMAN, ND 58032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $165,744 | $196,208 | -$30,464 | $3,376,543 | $1,303,003 | $2,073,540 |
| August 31, 2024 | 990 | $150,934 | $184,919 | -$33,985 | $3,454,764 | $1,350,760 | $2,104,004 |
| August 31, 2023 | 990 | $223,009 | $188,040 | $34,969 | $3,582,770 | $1,444,781 | $2,137,989 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $164,885
- Investment income
- $859
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,005
- Accounting fees
- $1,935
- Depreciation
- $93,623
- Program services (functional)
- $195,030
- Management and general (functional)
- $1,178
Balance sheet and other
- Total assets, start of year
- $3,454,764
- Total assets, end of year
- $3,376,543
- Total liabilities, end of year
- $1,303,003
- Net assets, end of year
- $2,073,540
- Land, buildings and equipment
- $2,731,482
- Net assets without donor restrictions
- $2,073,540
- Gross receipts
- $165,744
- Employees
- 25
- Year formed
- 1989
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KALI COLBERT | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN MCLAEN | DIRECTOR Trustee or director | 1 | $0 |
| BRANDON PANKOW | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN BOPP | SECRETARY/TR Officer | 1 | $0 |
| DAVID MARTINSEN | VICE PRESIDE Officer | 1 | $0 |
990 for the year ended August 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATHAN SCHLECHT | President Trustee or director | 1 | $0 |
| BRANDON PANKOW | Director Trustee or director | 0.5 | $0 |
| DAVID MARTINSEN | Vice President Trustee or director | 0.5 | $0 |
| STEVEN MCLAEN | Director Trustee or director | 0.5 | $0 |
| KEVIN BOPP | SECRETARY/TREAS Trustee or director | 0.5 | $0 |
990 for the year ended August 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATHAN SCHLECHT | President Trustee or director | 1 | $0 |
| DAVID MARTINSEN | Vice President Trustee or director | 0.5 | $0 |
| STEVEN MCLAEN | Director Trustee or director | 0.5 | $0 |
| SARA PLANTEEN | Director Trustee or director | 0.5 | $0 |
| KEVIN BOPP | SECRETARY/TREAS Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 31, FORMAN, ND 58032-0031
- Principal officer (990 for 2024)
- NATHAN SCHLECHT, 414 4TH ST SE, FORMAN, ND 58032
- Signed the 990
- NATHAN SCHLECHT, PRESIDENT
- Phone
- (701) 724-6269
- Return prepared by
- CYNTHIA G OLSON CPA
Mission
TO ASSIST IN THE ESTABLISHMENT OF BUSINESSES IN FORMAN, ND AND TO ENHANCE THE GENERAL ECONOMY OF THE AREA.
Program accomplishments
- PROVIDE ADEQUATE AND AFFORDABE HOUSING AND COMMERCIAL RENTAL SPACE
- PROVIDE ADEQUATE AND AFFORDABE HOUSING AND COMMERCIAL RENTAL SPACEExpenses $195,030
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 45-0427053
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,376,543
- Income (IRS master file)
- $165,744
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $165,744 | $196,208 | $3,376,543 | XML |
| 990 | August 2024 | $150,934 | $184,919 | $3,454,764 | XML |
| 990 | August 2023 | $223,009 | $188,040 | $3,582,770 | XML |
| 990 | August 2022 | $352,561 | $193,182 | $3,637,878 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 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 45-0427053).
Questions about FORMAN COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of FORMAN COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of FORMAN COMMUNITY DEVELOPMENT CORPORATION is 45-0427053.
- Is FORMAN COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1993.
- Are donations to FORMAN COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FORMAN COMMUNITY 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 FORMAN COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORMAN COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of FORMAN COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended August 31, 2025 names NATHAN SCHLECHT.
- Who are the officers and directors of FORMAN COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended August 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FORMAN COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $165,744, expenses of $196,208 and total assets of $3,376,543 at year end.
Other nonprofits in FORMAN
- FOUR SEASONS HEALTH CARE CENTER INC EIN 45-0459483 · last filed 990 for 2023
- RUTLAND SPORTMANS CLUB EIN 32-0330496 · last filed 990 for 2025
- SARGENT COUNTY HISTORICAL SOCIETY EIN 45-0371759 · last filed 990-EZ for 2025
- FORMAN GOLF ASSOCIATION EIN 45-0361738 · last filed 990 for 2025
- TRUE DIRECTION EIN 83-2119798 · last filed 990-N for 2025
- 4-H CLUBS & AFFILIATED 4-H ORGANIZATIONS EIN 45-0361301 · last filed 990-N for 2024
- SARGENT COUNTY FOOD PANTRY EIN 32-0163793 · last filed 990-N for 2025
- NORTH DAKOTA COMMUNITY CORRECTIONS ASSOCIATION EIN 91-1807986 · last filed 990-N for 2025