Mission
TO LESSEN THE GOVERNMENTS BURDEN OF UNDERTAKING ECONOMIC DEVELOPMENT TO SUSTAIN HILLSBORO, ND AS A COMMUNITY BY ENCOURAGING THE DEVELOPMENT OF INDUSTRY AND BUSINESS IN
Public Charity
HILLSBORO ECONOMIC DEVELOPMENT CORP
HILLSBORO ECONOMIC DEVELOPMENT CORP, of HILLSBORO, ND, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $349K in revenue, $153K in expenses, $1.3M in total assets. IRS filings disclose 17 grants awarded by this foundation, totaling roughly $240K.
EIN: 450280838
HILLSBORO, ND
Community Service Clubs
NTEE: S80
Latest filing: 2025
Total Revenue$349K
Total Expenses$153K
Total Assets$1.3M
Grants Given17
Grant Total$240K
Filing Years2021–2025
Where $100 goes at Hillsboro Economic Development Corp
How Hillsboro Economic Development Corp divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$97
Programs
the work itself
$2
Management
running the organization
$1
Fundraising
raising the next dollar
Inside the $97 for programs
$97
Community economic development and promotion of Hillsboro, nd with the purpose of easing government expenses in this area
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
HILLSBORO FIRE DEPT
TURNOUT GEAR
$22,250
CITY OF HILLSBORO
INFRASTRUCTURE
$17,143
HEPPER OLSON ARCHITECTS
POOL PLANNING
$8,500
WRIGHT IMPLEMENT
STRUCTURAL / UTILITY
$7,500
SHINING LIGHTS CHILDREN'S PROGRAM
DAYCARE
$7,500
Showing up to 5 of 17 total records — full history available with membership.
Officers & Directors
DIRECTOR
Brett Boeddeker
DIRECTOR
Cathy Brenan
VICE PRESIDENT
Dustin Nagel
DIRECTOR
Jon Dryburgh
TREASURER
Jr Strom
DIRECTOR
Mark Forseth
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $349K | $153K | $1.3M |
| 2024 | $346K | $129K | $1.1M |
| 2023 | $296K | $85K | $873K |
| 2022 | $269K | $74K | $661K |
| 2021 | $143K | $51K | $466K |
Between 2021 and 2025, reported annual revenue grew from $143K to $349K (+144%), with total assets most recently reported at $1.3M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in ND.
ND
Full geographic grant map with state-by-state breakdown available with membership.