Grand Forks Region Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 450410198 ✦ Grand forks, ND ✦ Designated as a 501(c)(6)

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Overview

What is Grand Forks Region Economic Development Corporation?

The Grand Forks Region Economic Development Corporation is a nonprofit organization located at 120 NORTH 4TH ST, GRAND FORKS, ND, 58203. Their primary mission is to foster economic growth in Grand Forks, North Dakota, and surrounding communities. They achieve this by attracting new industries and encouraging the expansion of existing businesses, aiming to enhance the region's overall economic health. The corporation is led by a team of 12 dedicated individuals.


Official website here: www.grandforks.org

Is Grand Forks Region Economic Development Corporation legitimate?

Grand Forks Region Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Grand Forks Region Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $203,235
Professional Fundraising Fees: $0
Other Salaries and Wages: $318,053

For more financial information, click here


Official website here: www.grandforks.org

What is the mission statement of Grand Forks Region Economic Development Corporation?

The Grand Forks Region Economic Development Corporation's mission is centered around stimulating economic growth within its region. This is achieved primarily through the attraction of new industries and the expansion of existing businesses within Grand Forks, North Dakota, and its surrounding communities. By fostering such growth, the corporation aims to positively impact the local economy and community as a whole.


Official website here: www.grandforks.org

Who is the CEO of Grand Forks Region Economic Development Corporation?

Keith Lund is the President/Ceo of Grand Forks Region Economic Development Corporation. The CEO's salary of Grand Forks Region Economic Development Corporation is $169,000 and their total compensation is $203,235.


Official website here: www.grandforks.org

What is the revenue of Grand Forks Region Economic Development Corporation?

Grand Forks Region Economic Development Corporation's revenue in 2022 was $1,009,895.


Official website here: www.grandforks.org

Who are the executives of Grand Forks Region Economic Development Corporation and what are their salaries?

The average compensation at Grand Forks Region Economic Development Corporation during 2022 was $43,441. There are 12 employees at Grand Forks Region Economic Development Corporation.


Here are 11 key members and their salaries (Grand Forks Region Economic Development Corporation's CEO's salary is $169,000 and their total compensation is $203,235):


Keith Lund (President/Ceo)
  • Compensation: $169,000
  • Related: $0
  • Other: $34,235
Brandon Bochenski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Bollingberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Engen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Mac Mclennan (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Korrie Wenzel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Holth (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meghan Compton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Oncken (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Gaddie (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.grandforks.org

Where can I find the form 990 for Grand Forks Region Economic Development Corporation?

Grand Forks Region Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.grandforks.org

Learn more at the official website: www.grandforks.org

Mission Statement of Grand Forks Region Economic Development Corporation

The Grand Forks Region Economic Development Corporation, in its mission, works towards fostering economic growth within Grand Forks, North Dakota, and its surrounding communities. The organization achieves this goal by attracting new industries and encouraging the expansion of existing businesses within the region. By doing so, the Grand Forks Region Economic Development Corporation aims to contribute positively to the community's economic development.

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Impact




October, 2024

The Grand Forks Region Economic Development Corporation plays a vital role in promoting economic growth in Grand Forks, North Dakota, and its surrounding communities. By actively attracting new industries and supporting the expansion of existing businesses, the organization significantly enhances the local economy. This focus on industrial development leads to job creation, increased investment, and a strengthened economic foundation for the area. The corporation’s efforts not only foster community improvement but also create a vibrant environment for innovation and entrepreneurship, benefiting residents and businesses alike. Through strategic initiatives and partnerships, the Grand Forks Region Economic Development Corporation is instrumental in shaping a prosperous future for the region.




This information is meant to be a general summary of Grand Forks Region Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,009,895 (2022)
Expenses
$954,368 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$24,970
  • Gross Receipts: $1,038,953

Assets and Liabilities:

  • Total Assets: $1,184,900
  • Total Liabilities: $229,534
  • Net Assets: $955,366

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Organization Details

Founding Year

1988

Principal Officer

Keith Lund

Main Address

120 NORTH 4TH ST, GRAND FORKS, ND, 58203

NTEE Category

Code: S30 - Community improvement

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