Form 990 for tax year 2023

Totals

Total revenue

$2,362,690

Total expenses

$2,392,857

Contributions and grants received

$2,224,521

Grants paid

$357,280

Program service revenue

$137,450

Investment income

$719

Other revenue

$0

Total assets, end of year

$1,456,333

Total liabilities, end of year

$1,261,091

Net assets or fund balances, end of year

$195,242

Program services expenses (Part IX)

$2,175,346

Management and general expenses

$217,511

Fundraising expenses

$0

Program service expenses (Part III)

$2,175,346

Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

Mission and programs · 2023

• Organizational Capacity and Professional Development: Training webinars provide an in-depth look at the latest news and trends affecting regional development organization management, staffing, and reporting. Topics include accounting standards, board engagement, new executive director training, social media strategies, and much more. Each webinar is led by an expert in the field who will provide best practices and examples.

  Expenses $1,175,775

• Transportation Initiatives - To promote stronger integration of regional transportation and economic development planning and investments to improve the nation's economic competitiveness.

  Expenses $748,501 · Grants $347,280 · Revenue $137,450

• Resilient regions: In partnership with Rupri and the U.S. Economic Development Administration (EDA), NADO is working to assist regions in taking a more pro-active approach to pre-disaster preparedness and post-disaster economic recovery. Through partnerships and training, NADO is working with regional development organizations (RDOs) and other partners to explore methods to hasten post-disaster economic recovery and reduce the long-term financial burden of disasters (natural disasters as well as economic disasters) on impacted communities, businesses, and individuals.

  Expenses $251,070 · Grants $10,000

As filed on the 2023 return.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• Montana State University

  $347,280

  Subaward

• University Economic Development Association Inc

  $10,000

  Subaward

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• National Association of Development Organizations

  501(c)(4) · To provide enhanced activities, programs and training to organizations · DC

Provenance

Return type

form_990

Tax year

2023

Filed

8 November 2024

IRS schema version

2023v5.1

Source object

202443139349304389

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