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Nonprofiteer
← VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by VALLEY CITY-BARNES COUNTY DEVELOPMENT CORPORATION.

Totals

Total revenue
$955,456
Total expenses
$980,425
Contributions and grants received
$883,319
Grants paid
$415,000
Program service revenue
$50,215
Investment income
$22,283
Other revenue
-$361
Total assets, end of year
$6,283,269
Total liabilities, end of year
$1,210,130
Net assets or fund balances, end of year
$5,073,139
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$709,659

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $52,685

  • 1e · Government grants (contributions)

    $650,769

  • 1f · All other contributions, gifts and grants

    $179,865

  • 2a · Program service revenue: Administrative Fees

    total $33,209 · related or exempt $33,209

  • 2b · Program service revenue: Event income

    total $17,006 · related or exempt $17,006

  • 3 · Investment income

    total $22,283 · related or exempt $22,283

  • 6a · Gross rents

    real property $333,191

  • 6b · Less rental expenses

    real property $339,121

  • 6c · Rental income or loss

    real property -$5,930

  • 6d · Net rental income or loss

    total -$5,930 · related or exempt -$5,930

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $5,569 · related or exempt $5,569

  • 11e · Other revenue, total

    $5,569

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $415,000

  • 11b · Fees: legal

    total $35

  • 11c · Fees: accounting

    total $9,500

  • 12 · Advertising and promotion

    total $51,968

  • 13 · Office expenses

    total $14,474

  • 17 · Travel

    total $77

  • 19 · Conferences, conventions and meetings

    total $1,047

  • 20 · Interest

    total $603

  • 23 · Insurance

    total $7,009

  • 24a · Other expenses: Administrative Service

    total $230,965

  • 24b · Other expenses: Project expenses

    total $220,739

  • 24c · Other expenses: Membership Dues

    total $22,040

  • 24d · Other expenses: Telephone

    total $4,877

  • 24e · All other expenses

    total $2,091

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $460,535 · end of year $283,178

  • 2 · Savings and temporary cash investments

    beginning of year $49,836 · end of year $228,932

  • 4 · Accounts receivable

    beginning of year $1,050 · end of year $370

  • 7 · Other notes and loans receivable

    beginning of year $1,442,296 · end of year $1,379,435

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,665 · end of year $20,744

  • 10a · Land, buildings and equipment: cost or other basis

    $1,859,359

  • 10c · Land, buildings and equipment, net

    beginning of year $1,859,359 · end of year $1,859,359

  • 13 · Investments: program-related

    beginning of year $2,601,923 · end of year $2,496,095

  • 15 · Other assets

    beginning of year $14,344 · end of year $15,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,996 · end of year $79,756

  • 23 · Secured mortgages and notes payable

    beginning of year $1,264,490 · end of year $1,130,374

  • 27 · Net assets without donor restrictions

    beginning of year $1,456,459 · end of year $1,233,259

  • 28 · Net assets with donor restrictions

    beginning of year $3,642,063 · end of year $3,839,880

Mission and programs · 2023

Mission

To promote economic development to the City of Valley City and surrounding Barnes County area.

  • Support for various Economic Development programs at the City of Valley City.

    Expenses $165,000 · Grants $165,000

  • To support the opening of a factory in Valley City, ND in order to bring jobs to the area.

    Expenses $150,000 · Grants $150,000

  • Support for a Wellness Center through the Valley City Parks and Recreation department

    Expenses $100,000 · Grants $100,000

  • Support of various programs for the economic benefit of the City of Valley City and the surrounding area of Barnes County in North Dakota

    Expenses $294,659

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Bierle

    President - Elect

    Total calculated
    $0
    Hours/week
    5

  • Wade Bruns

    Director

    Total calculated
    $0
    Hours/week
    2

  • Matt Pedersen

    President

    Total calculated
    $0
    Hours/week
    10

  • Nate Zerface

    Director

    Total calculated
    $0
    Hours/week
    2

  • 0

    Director

    Total calculated
    $0
    Hours/week
    2

  • George Gaukler

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mary Lee Nielson

    Past President

    Total calculated
    $0
    Hours/week
    2

  • Dean Kinney

    Director

    Total calculated
    $0
    Hours/week
    2

  • Bill Carlblom

    Director

    Total calculated
    $0
    Hours/week
    2

  • Luke Trapp

    Director

    Total calculated
    $0
    Hours/week
    2

  • Josh Kasowski

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mike Bishop

    Director

    Total calculated
    $0
    Hours/week
    2

  • Pete Paulson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Paul Diegel

    Director

    Total calculated
    $0
    Hours/week
    2

  • Katie Beyer

    Director

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
27 March 2025
IRS schema version
2023v6.0
Source object
202520869349301127

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