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Filing year 2024

GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION

Grand Forks, North Dakota·EIN 45-0410198·6
Total revenue
$1.5M
Total assets
$1.5M
Total expenses
$1.4M
Reported officers
11
Mission

PROMOTE ECONOMIC GROWTH IN GRAND FORKS, NORTH DAKOTA AND THE SURROUNDING COMMUNITIES THROUGH THE ATTRACTION OF NEW INDUSTRIES AND EXPANSION OF CURRENT BUSINESSES.

Executive compensation, broken down

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
$216k
$232k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Down 2%
from 2023

From $219k in 2023 to $216k in 2024.

$219k
2023
$216k
2024
In today's dollarsEst.
Down 4% in real terms$242k to $232k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

GRAND FORKS REGION ECONOMIC DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.1M
$1.1M
2023
$1.5M
$1.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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