Hillsboro Economic Development Corporation
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
Hillsboro Economic Development Corporation at a glance
In short: Hillsboro Economic Development Corporation gave $76K across 7 grants in 2025 (avg $11K), mostly in North Dakota. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $75,643
- +42.5% vs 2024
- Grants made (2025)
- 7
- +250.0% vs 2024
- Average grant
- $10,806
- -59.3% vs 2024
- Median grant
- $7,500
- Total assets
- $1,284,259
- +17.9% vs 2024
- Primary geography
- North Dakota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Hillsboro Economic Development Corporation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Hillsboro Fire Dept ($22K). Together the top 7 received $76K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Hillsboro Economic Development Corporation gives
- Giving grew 155% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $10K (2019) to $76K (2025). In 2025 it made 7 grants totaling $76K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hillsboro Fire Dept Hillsboro, ND | Turnout Gear | $22,250 |
| City of Hillsboro Hillsboro, ND | Infrastructure | $17,143 |
| Hepper Olson Architects Buxton, ND | Pool Planning | $8,500 |
| Shining Lights Children's Program Hillsboro, ND | Daycare | $7,500 |
| Full Service Foods Hillsboro, ND | Structural / Utility | $7,500 |
| Wright Implement Hillsboro, ND | Structural / Utility | $7,500 |
| Provost Properties Hillsboro, ND | Utility | $5,250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,284,259 | $348,673 | $153,216 | $75,643 | 7 | $16,712 |
| 2024 | $1,088,952 | $345,813 | $129,323 | $53,093 | 2 | $9,216 |
| 2023 | $872,827 | $295,915 | $84,799 | $17,143 | 1 | $5,922 |
| 2022 | $660,995 | $269,380 | $74,207 | $29,643 | 2 | $1,358 |
| 2021 | $465,768 | $142,616 | $51,295 | $17,143 | 1 | $328 |
| 2020 | $374,193 | $94,215 | $43,660 | $17,143 | 1 | $-29,022 |
| 2019 | $324,767 | $58,975 | $39,979 | $10,000 | 1 | $41 |
About Hillsboro Economic Development Corporation
Based on IRS filings
Hillsboro Economic Development Corporation 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.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Hillsboro Economic Development Corporation 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
The highest reported compensation on the 2025 filing was $6K, to Sheila Geray (Business Manager).
Frequently asked questions about Hillsboro Economic Development Corporation
How much does Hillsboro Economic Development Corporation give each year?
Hillsboro Economic Development Corporation 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 Corporation's typical grant size?
Hillsboro Economic Development Corporation'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 Corporation give grants?
Hillsboro Economic Development Corporation 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 Corporation give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Hillsboro Economic Development Corporation's 2025 IRS Form 990 were described as general or operating support.
Who are Hillsboro Economic Development Corporation's largest grantees?
Hillsboro Economic Development Corporation'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 Corporation?
Hillsboro Economic Development Corporation reported $1.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $349K.
What is Hillsboro Economic Development Corporation?
Hillsboro Economic Development Corporation 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 Corporation's EIN?
Hillsboro Economic Development Corporation's EIN (Employer Identification Number) is 45-0280838. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS May 7, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 30, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 2, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
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