Grand Forks Development Foundation

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

EIN: 456016823 ✦ Grand forks, ND ✦ Designated as a 501(c)(6)

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Overview

What is Grand Forks Development Foundation?

The Grand Forks Development Foundation is a nonprofit organization situated in Grand Forks, North Dakota, with a specific mission to foster economic growth in the area. Their primary objective involves attracting new industries and encouraging expansion within existing businesses to boost the local economy. This is accomplished through strategic efforts and initiatives, ultimately enhancing the economic landscape of Grand Forks and surrounding communities.

Is Grand Forks Development Foundation legitimate?

Grand Forks Development Foundation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Grand Forks Development Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Grand Forks Development Foundation?

The Grand Forks Development Foundation's mission is focused on driving economic growth in its respective community. This is achieved by attracting new industries and facilitating the expansion of existing businesses within its vicinity. By doing so, the foundation aims to contribute positively to the economic development of the community, thereby enhancing its overall prosperity. The organization's activities are geared towards fostering a conducive business environment that encourages investment and growth, ultimately benefiting the community as a whole.

Who is the CEO of Grand Forks Development Foundation?

Keith Lund is the Chair of Grand Forks Development Foundation.

What is the revenue of Grand Forks Development Foundation?

Grand Forks Development Foundation's revenue in 2022 was $16.

Who are the executives of Grand Forks Development Foundation and what are their salaries?


Here are 3 key members and their salaries:


Jonathan Holth (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Oncken (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Lund (Sec/Treas)
  • Compensation: $0
  • Related: $169,000
  • Other: $34,235
Where can I find the form 990 for Grand Forks Development Foundation?

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

Mission Statement of Grand Forks Development Foundation

The Grand Forks Development Foundation, a nonprofit organization, is dedicated to fostering economic growth in its community and the surrounding areas. Its mission is to attract new industries and encourage the expansion of existing businesses, thereby driving development and prosperity. By promoting economic growth, the foundation aims to contribute positively to the community, ultimately improving its overall well-being.

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Impact




October, 2024

The Grand Forks Development Foundation significantly impacts economic growth in Grand Forks, North Dakota, and its surrounding communities. By focusing on attracting new industries and supporting the expansion of existing businesses, it stimulates local job creation and enhances the overall economic landscape. This proactive approach not only fosters a more vibrant local economy but also contributes to community improvement by ensuring a diverse and sustainable business environment. Through its efforts, the foundation helps position Grand Forks as a competitive and appealing destination for both new enterprises and investments.




This information is meant to be a general summary of Grand Forks Development Foundation. 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
$16 (2022)
Expenses
$65,947 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $16
  • Gross Receipts: $16

Assets and Liabilities:

  • Total Assets: $287,762
  • Total Liabilities: $0
  • Net Assets: $287,762

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Organization Details

Founding Year

1967

Principal Officer

Keith Lund

Main Address

120 N 4TH STREET, GRAND FORKS, ND, 58203

NTEE Category

Code: S30 - Community improvement

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