HILLSBORO ECONOMIC DEVELOPMENT CORP

Address
PO BOX 502
HILLSBORO, ND 580450502
Contact
Phone: +1 (701) 430-1213
Nonprofit
NTEE: S30 - Economic Development
EIN: 45-0280838

Mission

TO LESSEN THE GOVERNMENT'S BURDEN
 201720162015
Basic features of the organization
Year of formation1995
Subsection501(c)(4)
Organization typeCorporation
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$1,300.00$2,500.00$3,048.00
Sum of reportable (W2/1099) compensation$6,231.00$8,886.00$4,095.00
Number of employees101110
Number of volunteers000
Personnel
Bertsch, Jon
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personJON BERTSCHJON BERTSCHJON BERTSCH
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Geray, Sheila
TitleBUSINESS MANAGERBUSINESS MANAGERMANAGER
Name of key/compensated personSHEILA GERAYSHEILA GERAYSHEILA GERAY
Average hours per week working for org10.0010.0010.00
Reportable compensation from org$6,231.00$8,886.00$4,095.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionKey employeeKey employeeKey employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Habeck, Randy
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personRANDY HABECKRANDY HABECKRANDY HABECK
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Hebl, Robert
TitleDIRECTORDIRECTORVICE PRESIDENT
Name of key/compensated personROBERT HEBLROBERT HEBLROBERT HEBL
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Kleckner, Justin
TitleDIRECTOR  
Name of key/compensated personJUSTIN KLECKNER  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Nagel, Dustin
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personDUSTIN NAGELDUSTIN NAGELDUSTIN NAGEL
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Nysveen, Gary
TitleVICE PRESIDENTVICE PRESIDENTTREASURER
Name of key/compensated personGARY NYSVEENGARY NYSVEENGARY NYSVEEN
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Opdahl, Ryan
TitleTREASURERTREASURERDIRECTOR
Name of key/compensated personRYAN OPDAHLRYAN OPDAHLRYAN OPDAHL
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Owens, Rob
Title  PRESIDENT
Name of key/compensated person  ROB OWENS
Average hours per week working for org  1.00
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Peterson, Paula
Title  DIRECTOR
Name of key/compensated person  PAULA PETERSON
Average hours per week working for org  1.00
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Sando, Terry
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personTERRY SANDOTERRY SANDOTERRY SANDO
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Suda, Paula
TitlePRESIDENTPRESIDENT 
Name of key/compensated personPAULA SUDAPAULA SUDA 
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or director, OfficerIndividual trustee or director, Officer 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Purpose: mission, activities & accomplishments
Mission or significant activitiesTO LESSEN THE GOVERNMENT'S BURDEN OF UNDERTAKING ECONOMIC DEVELOPMENT TO SUSTAIN HILLSBORO, ND AS A COMMUNITY BY ENCOURAGING THE DEVELOPMENT OF INDUSTRY AND BUSINESS INTO LESSEN THE GOVERNMENT'S BURDEN OF UNDERTAKING ECONOMIC DEVELOPMENT TO SUSTAIN HILLSBORO, ND AS A COMMUNITY BY ENCOURAGING THE DEVELOPMENT OF INDUSTRY AND BUSINESS IN AND ADJACENT TO THE CITY.TO LESSEN THE GOVERNMENT'S BURDEN OF UNDERTAKING ECONOMIC DEVELOPMENT TO SUSTAIN HILLSBORO, ND AS A COMMUNITY BY ENCOURAGING THE DEVELOPMENT OF INDUSTRY AND BUSINESS IN AND ADJACENT TO THE CITY.
Program expenses (total)$33,219.00$31,893.00$72,609.00
Programs, including revenue & expenses
COMMUNITY ECONOMIC DEVELOPMENT AND PROMOTION OF HILLSBORO, ND WITH THE PURPOSE OF EASING GOVERNMENT EXPENSES IN THIS AREA.
Program expenses$33,219.00$31,893.00$72,609.00
Grants and allocations made$10,350.00$700.00$30,650.00
Program revenue$109,563.00$42,977.00$45,623.00
Program descriptionCOMMUNITY ECONOMIC DEVELOPMENT AND PROMOTION OF HILLSBORO, ND WITH THE PURPOSE OF EASING GOVERNMENT EXPENSES IN THIS AREA.COMMUNITY ECONOMIC DEVELOPMENT AND PROMOTION OF HILLSBORO, ND WITH THE PURPOSE OF EASING GOVERNMENT EXPENSES IN THIS AREA.COMMUNITY ECONOMIC DEVELOPMENT AND PROMOTION OF HILLSBORO, ND WITH THE PURPOSE OF EASING GOVERNMENT EXPENSES IN THIS AREA.
Financial data
Expense categories (totals)
Sum (total functional expenses)$40,169.00$32,971.00$74,075.00
Program services (total functional expenses)$33,219.00$31,893.00$72,609.00
Management & general (total functional expenses)$1,950.00$1,078.00$1,466.00
Fundraising (total functional expenses)$5,000.00$0.00$0.00
Revenue
Total revenue$108,960.00$42,977.00$45,623.00
Program service revenue (total)  $0.00
Revenue from contributions (total)$104,000.00$22,910.00$19,200.00
Investment income$63.00$38.00$42.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$4,897.00$20,029.00$26,381.00
Total revenue from grants, etc., current yr$104,000.00$22,910.00$19,200.00
Gross receipts$442,074.00$482,358.00$454,648.00
Sources of contributions
Revenue from gov't grants$35,500.00$5,100.00$19,200.00
Revenue from all other contributions$68,500.00$17,810.00 
Other types of revenue
Miscellaneous revenue (total)$636.00$2,176.00$58.00
Net revenue from gaming (total)$24,121.00$23,010.00$26,323.00
Income from dividends, interest, and similar investments$63.00$38.00$42.00
Net rental income-$19,860.00-$5,157.00$0.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00
Accounting service fees (total)$800.00$775.00$775.00
Assets and liabilities
Total assets$445,421.00$384,074.00$214,446.00
Total assets, beginning of year$384,074.00$214,446.00$242,838.00
Total liabilities$153,690.00$161,134.00$1,512.00
Total liabilities, beginning of year$161,134.00$1,512.00$1,452.00
Temporarily restricted net assets$113,752.00$28,328.00 
Net assets$291,731.00$222,940.00$212,934.00
Net assets, beginning of year$222,940.00$212,934.00$241,386.00
Other liabilities$1,000.00$600.00 
Other assets$700.00$700.00$700.00
Cash: non-interest bearing$109,223.00$134,544.00$141,919.00
Cash: non-interest bearing, beginning of year$134,544.00$141,919.00$166,136.00
Investments: program-related$27,931.00$27,931.00$27,931.00
Other financial variables
Revenue less expenses$68,791.00$10,006.00-$28,452.00
Advertising (total)$14,489.00$13,785.00$13,054.00
Savings & temp cash investment$113,752.00$28,328.00 
Prepaid expenses & deferred charges$2,937.00$2,835.00 
Accounts payable & accrued expenses$1,362.00$3,886.00$1,512.00
Unsecured notes & loans to unrelated parties$38,944.00$40,000.00 
Secured mortgages and notes payable$112,384.00$116,648.00 
Total net assets or fund balances$291,731.00$222,940.00$212,934.00
Depreciation, depletion, amortization$3,553.00$1,658.00$701.00
Governance and accountability
Number of voting members989
Number of independent voting members989
Tax year start date2017-01-012016-01-012015-01-01
Tax year end date2017-12-312016-12-312015-12-31
Accounting methodAccrualAccrualAccrual
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrue True
Metadata about the filing
E-return type990990990
Date e-filing submitted2018-10-032017-09-072016-09-27
IRS schema version2017v2.22016v3.02015v2.1
Filing identifier201801919349300210201701319349301460201641339349300344
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