Overview

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Est.

1988

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Grand Forks Region Economic Development Corporation (EIN: 45-0410198) is a nonprofit organization dedicated to promoting economic growth in Grand Forks, North Dakota, and its surrounding communities by attracting new industries and expanding existing businesses. With an operating budget of $1.4 million and total revenue of $1.5 million for the 2024 filing year, the organization relies on multiple funding sources, none of which constitute 50% or more of its revenue. More information can be found on their website at www.grandforks.org.

Mission Statement

PROMOTE ECONOMIC GROWTH IN GRAND FORKS, NORTH DAKOTA AND THE SURROUNDING COMMUNITIES THROUGH THE ATTRACTION OF NEW INDUSTRIES AND EXPANSION OF CURRENT BUSINESSES.
Revenues
$1.5M
Expenses
$1.4M
Net Income:
+$183K
Assets
$1.5M
Liabilities
$403.1K
Net Assets:
+$1.1M
Operating Budget
$1.4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$20K
Largest grant received
$30K
K
Keith Lund
Board Member
D
David Engen
Board Member
M
Meghan Compton
Board Member

Frequently Asked Questions

What is GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION’s budget?
In 2024, GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION reported an annual operating budget of around $1.4 million. More detailed financial information is available to registered users.
What causes does GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION support?
GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION supports work in Economic development.
Where does GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION operate?
GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION is headquartered in Grand Forks, ND.
Who funded GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION recently?
In 2024, GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION received grants from ALTRU HEALTH SYSTEM, Sanford Group Return, and ALTRU HEALTH SYSTEM. More information on this organization’s funders is available to registered users.
What is the largest grant GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION received in 2024?
The largest grant to GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION in 2024 exceeds $30 thousand.
What is GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION’s reliance on government grants?
GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION relied on government grants for more than 50% of their total revenue in 2024.