2024-08-05T13:06:05-05:00 2023-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2023-01-01 450410198 GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION GRAN 7017462720 120 NORTH 4TH ST GRAND FORKS ND 58203 KEITH LUND PRESIDENT/CEO 7017462720 2024-08-05 1 0 NICOLE HELDSTAB P01220683 7017754685 2024-08-05 2023 2024-08-08 14:25:15Z KEITH LUND 120 NORTH 4TH ST GRAND FORKS ND 58203 1073762 0 X WWW.GRANDFORKS.ORG X 1988 ND PROMOTE ECONOMIC GROWTH IN GRAND FORKS, NORTH DAKOTA AND THE SURROUNDING COMMUNITIES THROUGH THE ATTRACTION OF NEW INDUSTRIES AND EXPANSION OF CURRENT BUSINESSES. 10 9 14 0 0 0 1022608 1062122 0 0 -24970 5249 12257 5823 1009895 1073194 0 0 0 0 606660 761423 0 0 0 347708 311723 954368 1073146 55527 48 1184900 1346753 229534 391339 955366 955414 PROMOTE ECONOMIC GROWTH IN GRAND FORKS, NORTH DAKOTA AND THE SURROUNDING COMMUNITIES THROUGH THE ATTRACTION OF NEW INDUSTRIES AND EXPANSION OF CURRENT BUSINESSES. 0 0 ECONOMIC GROWTH TO THE COMMUNITY THROUGH ATTRACTION OF INDUSTRY 0 1 0 1 0 0 0 1 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 2 0 1 14 1 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KEITH LUND 7017462720 120 N 4TH ST GRAND FORKS ND 58203 KEITH LUND PRESIDENT/CEO 48.00 X X 180000 0 39032 BRANDON BOCHENSKI DIRECTOR 0.75 X 0 0 0 DAVID ENGEN DIRECTOR 0.60 X 0 0 0 ROBERT MAC MCLENNAN DIRECTOR 0.50 X 0 0 0 TAMMY PETERSON DIRECTOR 0.70 X 0 0 0 KORRIE WENZEL DIRECTOR 0.60 X 0 0 0 JONATHAN HOLTH PAST CHAIR 1.40 X X 0 0 0 MEGHAN COMPTON SECRETARY/TREASURER 0.60 X X 0 0 0 JOHN ONCKEN CHAIR 1.00 X X 0 0 0 SHAWN GADDIE VICE CHAIR 1.15 X X 0 0 0 CHRIS WOLF DIRECTOR 1.00 X 0 0 0 180000 0 39032 1 0 1 0 0 460200 601922 1062122 5817 5817 568 -568 -568 -568 MISCELLANEOUS INCOME 561000 5823 4799 1024 5823 1073194 4799 0 6273 219032 418966 43621 34169 45635 2583 26615 1487 6545 108906 7893 9379 53624 40262 82 15553 5135 CLIENT RELATIONS 13361 DUES & SUBSCRIPTION 7920 CLIENT AND PARTNER PROJ 7866 COMMUNICATION 4512 1073146 408358 372051 95030 42116 1575 2435 298227 253332 48368 44895 584622 590439 46947 294817 1184900 1346753 42610 39731 143126 50679 43798 300929 229534 391339 X 723916 725964 231450 229450 955366 955414 1184900 1346753 48 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 460200 0 1 X 108839 82266 26573 189388 171066 18322 44895 CERTIFICATES OF DEPOSITS AND MONEY MARKET- MATURITY GREATER THAN 1 YEAR 590439 F 590439 FINANCE LEASE RIGHT OF USE ASSETS 5443 OPERATING LEASE RIGHT OF USE ASSET 289374 294817 FINANCE LEASE OBLIGATION 5508 OPERATING LEASE OBLIGATION 295421 300929 X PART IV, LINE 2B: THE CORPORATION HAS AGREEMENTS WITH THE UNIVERSITY OF NORTH DAKOTA (UND) AND THE STATE TO PROMOTE THE HIRING OF UND STUDENTS IN TEMPORARY INTERNSHIP POSITIONS. IN ADDITION, THE CORPORATION ALSO PARTICIPATES IN THE NORTH DAKOTA NEW JOBS TRAINING PROGRAM WHICH IS AN INCENTIVE PROGRAM BETWEEN THE STATE, THE CORPORATION, AND VARIOUS EMPLOYERS WITH A GRAND FORKS PRESENCE. THE CORPORATION ACTS AS AN AGENT CHARGING A MANAGEMENT FEE FOR BOTH PROGRAMS. PART X, LINE 2: THE CORPORATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE CORPORATION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. ALL FILINGS ARE CURRENT. X X 0 0 0 KEITH LUND PRESIDENT/CEO 180000 0 0 0 0 0 9000 0 30032 0 219032 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ORGANIZATION HAVE THE RIGHT TO PARTICIPATE IN BOARD OF DIRECTOR ELECTIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE EDC PRESIDENT AND A COMPLETE COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY THROUGH THE USE OF A QUESTIONNAIRE DISTRIBUTED TO ANY DIRECTORS, OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION INCLUDES A COMPARISON OF COMPENSATION FROM SEARCH FIRMS AND/OR OTHER EDC OFFICES IN THE STATE. THIS INFORMATION IS PRESENTED FOR DISCUSSION AT AN EXECUTIVE COMMITTEE MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE IN OVERSIGHT PROCESS. GRAND FORKS DEVELOPMENT FOUNDATION 120 NORTH 4TH ST GRAND FORKS ND 58203 456016823 PROMOTE ECONOMIC GROWTH TO GRAND FORKS, ND AND SURROUNDING COMMUNITIES ND 501(C)(6) N/A GRAND FORKS REGION ECONOMIC DEVELOPMENT 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 GRAND FORKS DEVELOPMENT FOUNDATION O 219032 AMOUNT PAID