Nonprofit · EIN 45-6016823
GRAND FORKS DEVELOPMENT FOUNDATION
Tax-exempt · GRAND FORKS, ND 58203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,759 | $720 | $4,039 | $300,218 | $0 | $300,218 |
| December 31, 2023 | 990 | $9,737 | $1,320 | $8,417 | $296,179 | $0 | $296,179 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $4,759
- Other revenue
- $4,759
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $685
Balance sheet and other
- Total assets, start of year
- $296,179
- Total assets, end of year
- $300,218
- Total liabilities, end of year
- $0
- Net assets, end of year
- $300,218
- Land, buildings and equipment
- $280,964
- Net assets without donor restrictions
- $300,218
- Gross receipts
- $5,790
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1967
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH LUND | SEC/TREAS Trustee or director, Officer | 1 | $0 | $185,000 | $30,511 |
| SHAWN GADDIE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN ONCKEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH LUND | SEC/TREAS Trustee or director, Officer | 1 | $0 | $180,000 | $39,032 |
| SHAWN GADDIE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN ONCKEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 120 N 4TH ST, GRAND FORKS, ND 58203-3722
- Principal officer (990 for 2024)
- KEITH LUND, 120 N 4TH STREET, GRAND FORKS, ND 58203
- Signed the 990
- KEITH LUND, PRES/SEC/TREAS
- Phone
- (701) 746-2720
- Return prepared by
- BRADY MARTZ & ASSOCIATES PC
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 COMMUNITY THROUGH ATTRACTION OF INDUSTRY
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not 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
- 45-6016823
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $300,218
- Income (IRS master file)
- $5,790
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,759 | $720 | $300,218 | XML |
| 990 | December 2023 | $9,737 | $1,320 | $296,179 | XML |
| 990 | December 2022 | $16 | $65,947 | $287,762 | 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 45-6016823).
Questions about GRAND FORKS DEVELOPMENT FOUNDATION
- What is the EIN of GRAND FORKS DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of GRAND FORKS DEVELOPMENT FOUNDATION is 45-6016823.
- Is GRAND FORKS DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1967.
- Are donations to GRAND FORKS DEVELOPMENT FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GRAND FORKS DEVELOPMENT FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of GRAND FORKS DEVELOPMENT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRAND FORKS DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GRAND FORKS DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 names KEITH LUND.
- Who are the officers and directors of GRAND FORKS DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does GRAND FORKS DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,759, expenses of $720 and total assets of $300,218 at year end.
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