Hillsboro Economic Development Corp

Public charity · Grantmaker Hillsboro, ND EIN: 45-0280838

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

Key facts about Hillsboro Economic Development Corp

In short: Hillsboro Economic Development Corp gave $76K across 7 grants in 2025 (avg $11K), mostly in North Dakota. Source: 2025 IRS Form 990.

EIN
45-0280838
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$75,643
Grants made (2025)
7
Average grant
$10,806
Median grant
$7,500
Total assets
$1,284,259
Primary geography
North Dakota (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$1.3M

+17.9% YoY

Annual Giving

$76K

+42.5% YoY

Grant Count

7

+250.0% YoY

Avg Grant Size

$11K

-59.3% YoY

How Hillsboro Economic Development Corp gives

  • Giving grew 155% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Hillsboro Economic Development Corp

Based on IRS filings

Hillsboro Economic Development Corp is a public charity focused on Community Improvement & Capacity Building, based in Hillsboro, ND. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 7 grants totaling $76K. Net investment income was $17K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 7 itemized 2025 grant dollars.

States

Cities

HillsboroBuxton

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K1 grants20191 grants20201 grants20212 grants20221 grants20232 grants20247 grants2025

From 2019 to 2025, annual grant giving ranged from $10K (2019) to $76K (2025). In 2025 it made 7 grants totaling $76K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2025

Hillsboro Fire Dept: $22KHillsboro Fire Dept$22KCity of Hillsboro: $17KCity of Hillsboro$17KHepper Olson Architects: $9KHepper Olson Architects$9KShining Lights Children's Program: $8KShining Lights Children'sProgram$8KFull Service Foods: $8KFull Service Foods$8KWright Implement: $8KWright Implement$8KProvost Properties: $5KProvost Properties$5K

The largest 2025 recipient was Hillsboro Fire Dept ($22K). Together the top 7 received $76K.

Grant Size Distribution

13 grants across all recorded years

13<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 13 grants of 13 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Hillsboro Fire Dept Hillsboro, NDTurnout Gear$22,250
City of Hillsboro Hillsboro, NDInfrastructure$17,143
Hepper Olson Architects Buxton, NDPool Planning$8,500
Shining Lights Children's Program Hillsboro, NDDaycare$7,500
Full Service Foods Hillsboro, NDStructural / Utility$7,500
Wright Implement Hillsboro, NDStructural / Utility$7,500
Provost Properties Hillsboro, NDUtility$5,250

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$100K$200K$300K$400K2019202020212022202320242025
Metric202520242023
Total Assets$1,284,259$1,088,952$872,827
Revenue$348,673$345,813$295,915
Expenses$153,216$129,323$84,799
Net Investment Income$16,712$9,216$5,922

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2019 (received by the IRS May 7, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS May 14, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS June 30, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS May 11, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS May 2, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
  7. Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)

Leadership & Key People

Officers and directors from IRS filings

Hillsboro Economic Development Corp is led by Terry Sando, President since 2022 (on filings since 2019); 1 of 11 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Terry Sando

    President

    Director → Vice President, 2021

    Vice President → President, 2022

    On filings since 2019

    1 hr/week

    No compensation reported

  • Mark Forseth

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Rick Nelson

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Brett Boeddeker

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Cathy Brenan

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Jon Dryburgh

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Sarah Reimers

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Sheila Geray

    Business Manager

    On filings since 2019

    10 hrs/week

    $5K (2019) → $6K (2025)

  • Dustin Nagel

    Vice President

    Director → Vice President, 2022

    On filings since 2019

    1 hr/week

    No compensation reported

  • Jr Strom

    Treasurer

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Ryan Opdahl Ends July

    Treasurer

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (7)
  • Former: Ryan Opdahl (2019–2024) — Treasurer
  • Former: J. R. Strom (2020–2024) — Director
  • Former: Gary Nysveen (2019–2021) — President
  • Former: Paula Suda (2019–2021) — Director
  • Former: Jon Bertsch (2019) — Director
  • Former: Justin Kleckner (2019) — Director
  • Former: Melissa Beach (2019) — Director

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Sheila Geray — Business Manager: $6KSheila GerayBusiness Manager$6K

The highest reported compensation on the 2025 filing was $6K, to Sheila Geray (Business Manager).

Frequently asked questions about Hillsboro Economic Development Corp

How much does Hillsboro Economic Development Corp give each year?

Hillsboro Economic Development Corp gave $76K across 7 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $53K across 2 grants.

What is Hillsboro Economic Development Corp's typical grant size?

Hillsboro Economic Development Corp's median grant in 2025 was $7,500, and its average grant was $10,806, across 7 grants on its 2025 IRS Form 990.

Where does Hillsboro Economic Development Corp give grants?

Hillsboro Economic Development Corp gives mostly in North Dakota: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Hillsboro, ND (6 grants).

Does Hillsboro Economic Development Corp give general operating support?

Not in 2025: none of the 7 grants with a stated purpose on Hillsboro Economic Development Corp's 2025 IRS Form 990 were described as general or operating support.

Who are Hillsboro Economic Development Corp's largest grantees?

Hillsboro Economic Development Corp's largest 2025 grantees include Hillsboro Fire Dept ($22,250), City of Hillsboro ($17,143) and Hepper Olson Architects ($8,500), according to its 2025 IRS Form 990. Together they received 63% of its itemized 2025 grant dollars.

How large is Hillsboro Economic Development Corp?

Hillsboro Economic Development Corp reported $1.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $349K.

What is Hillsboro Economic Development Corp?

Hillsboro Economic Development Corp is a public charity focused on Community Improvement & Capacity Building, based in Hillsboro, ND. It holds $1.3M in total assets as of 2025.

What is Hillsboro Economic Development Corp's EIN?

Hillsboro Economic Development Corp's EIN (Employer Identification Number) is 45-0280838. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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