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Employer Identification Number 45-6015977

MINOT AREA DEVELOPEMENT CORPORATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MINOT AREA DEVELOPEMENT CORPORATION
Employer identification number (EIN):45-6015977
EIN TypeTrusts, Estates, and Non-Profit/Exempt Organizations under the Tax Equity and Fiscal Responsibility Act (TEFRA)
EIN Issuing AuthorityInternet
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations
401k Pension/Benefits registration MINOT AREA DEVELOPEMENT CORPORATION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementThe mission of the Minot Area Development Corporation is to facilitate the retention, expansion, start-up and relocation of primary sector businesses in the Minot area to diversify and grow the region's economy.
Number of Employees6
Number of Volunteers32
Year Formed1959

Organization Governance

Legal DomicileND
Voting Members - Governing Body23
Voting Members - Independent23

Organization Financials

2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 427,589
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 11,200
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 445,203
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 0
Net assets / fund balances at end of fiscal yearUSD $ 0
Net assets / fund balances at beginning of fiscal yearUSD $ 7,978,740
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 75,947
Total assets at end of fiscal yearUSD $ 0
Total assets at beginning of fiscal yearUSD $ 8,054,687
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 288,902
Total expenses for current yearUSD $ 0
Total expenses for previous yearUSD $ 717,365
Other expenses in current yearUSD $ 0
Other expenses in previous yearUSD $ 635,359
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 82,006
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 0
Total revenue in previous fiscal yearUSD $ 1,006,267
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 122,275
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 126,252
Program Service Revenue from current yearUSD $ 427,589
Investment Income from prior yearUSD $ 18,492
Investment Income from current yearUSD $ 11,200
Other Revenue from prior yearUSD $ 970,781
Other Revenue from current yearUSD $ 445,203
Gross receipts from all sourcesUSD $ 1,006,267
Net assets / fund balances at end of fiscal yearUSD $ 7,978,740
Net assets / fund balances at beginning of fiscal yearUSD $ 3,733,833
Total liabilities at end of fiscal yearUSD $ 75,947
Total liabilities at beginning of fiscal yearUSD $ 7,976,377
Total assets at end of fiscal yearUSD $ 8,054,687
Total assets at beginning of fiscal yearUSD $ 11,710,210
Revenues less expenses for current yearUSD $ 288,902
Revenues less expenses for previous yearUSD $ 924,753
Total expenses for current yearUSD $ 717,365
Total expenses for previous yearUSD $ 577,272
Other expenses in current yearUSD $ 635,359
Other expenses in previous yearUSD $ 281,533
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 82,006
Employee salary and benefits paid in previous yearUSD $ 295,739
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,006,267
Total revenue in previous fiscal yearUSD $ 1,502,025
Contributions and grants from current yearUSD $ 122,275
Contributions and grants from previous yearUSD $ 386,500
Revenue from membership duesUSD $ 122,275
Total of other revenueUSD $ 138,611
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 128,872
Program Service Revenue from current yearUSD $ 126,252
Investment Income from prior yearUSD $ 4,064
Investment Income from current yearUSD $ 18,492
Other Revenue from prior yearUSD $ 327,802
Other Revenue from current yearUSD $ 970,781
Gross receipts from all sourcesUSD $ 1,515,892
Net assets / fund balances at end of fiscal yearUSD $ 3,733,833
Net assets / fund balances at beginning of fiscal yearUSD $ 2,809,080
Total liabilities at end of fiscal yearUSD $ 7,976,377
Total liabilities at beginning of fiscal yearUSD $ 8,678,443
Total assets at end of fiscal yearUSD $ 11,710,210
Total assets at beginning of fiscal yearUSD $ 11,487,523
Revenues less expenses for current yearUSD $ 924,753
Revenues less expenses for previous yearUSD $ 125,975
Total expenses for current yearUSD $ 577,272
Total expenses for previous yearUSD $ 757,763
Other expenses in current yearUSD $ 281,533
Other expenses in previous yearUSD $ 450,834
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 295,739
Employee salary and benefits paid in previous yearUSD $ 306,929
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,502,025
Total revenue in previous fiscal yearUSD $ 883,738
Contributions and grants from current yearUSD $ 386,500
Contributions and grants from previous yearUSD $ 423,000
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 134,651
Program Service Revenue from current yearUSD $ 128,872
Investment Income from prior yearUSD $ 3,193
Investment Income from current yearUSD $ 4,064
Other Revenue from prior yearUSD $ 17,356
Other Revenue from current yearUSD $ 327,802
Gross receipts from all sourcesUSD $ 901,021
Net assets / fund balances at end of fiscal yearUSD $ 2,809,080
Net assets / fund balances at beginning of fiscal yearUSD $ 2,683,105
Total liabilities at end of fiscal yearUSD $ 8,678,443
Total liabilities at beginning of fiscal yearUSD $ 10,578,386
Total assets at end of fiscal yearUSD $ 11,487,523
Total assets at beginning of fiscal yearUSD $ 13,261,491
Revenues less expenses for current yearUSD $ 125,975
Revenues less expenses for previous yearUSD $ -65,510
Total expenses for current yearUSD $ 757,763
Total expenses for previous yearUSD $ 643,710
Other expenses in current yearUSD $ 450,834
Other expenses in previous yearUSD $ 352,381
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 306,929
Employee salary and benefits paid in previous yearUSD $ 291,329
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 883,738
Total revenue in previous fiscal yearUSD $ 578,200
Contributions and grants from current yearUSD $ 423,000
Contributions and grants from previous yearUSD $ 423,000
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 143,351
Program Service Revenue from current yearUSD $ 134,651
Investment Income from prior yearUSD $ 1,998
Investment Income from current yearUSD $ 3,193
Other Revenue from prior yearUSD $ 10,958
Other Revenue from current yearUSD $ 17,356
Gross receipts from all sourcesUSD $ 580,957
Net assets / fund balances at end of fiscal yearUSD $ 2,683,105
Net assets / fund balances at beginning of fiscal yearUSD $ 2,748,615
Total liabilities at end of fiscal yearUSD $ 10,578,386
Total liabilities at beginning of fiscal yearUSD $ 10,375,877
Total assets at end of fiscal yearUSD $ 13,261,491
Total assets at beginning of fiscal yearUSD $ 13,124,492
Revenues less expenses for current yearUSD $ -65,510
Revenues less expenses for previous yearUSD $ -61,270
Total expenses for current yearUSD $ 643,710
Total expenses for previous yearUSD $ 657,545
Other expenses in current yearUSD $ 352,381
Other expenses in previous yearUSD $ 352,561
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 291,329
Employee salary and benefits paid in previous yearUSD $ 304,984
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 578,200
Total revenue in previous fiscal yearUSD $ 596,275
Contributions and grants from current yearUSD $ 423,000
Contributions and grants from previous yearUSD $ 439,968
2015-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 5,255
Program Service Revenue from current yearUSD $ 163,772
Investment Income from prior yearUSD $ 1,667
Investment Income from current yearUSD $ 870
Other Revenue from prior yearUSD $ 10,669
Other Revenue from current yearUSD $ 11,431
Gross receipts from all sourcesUSD $ 600,196
Net assets / fund balances at end of fiscal yearUSD $ 2,809,885
Net assets / fund balances at beginning of fiscal yearUSD $ 2,807,621
Total liabilities at end of fiscal yearUSD $ 8,388,747
Total liabilities at beginning of fiscal yearUSD $ 39,941
Total assets at end of fiscal yearUSD $ 11,198,632
Total assets at beginning of fiscal yearUSD $ 2,847,562
Revenues less expenses for current yearUSD $ 2,264
Revenues less expenses for previous yearUSD $ -39,254
Total expenses for current yearUSD $ 594,429
Total expenses for previous yearUSD $ 706,992
Other expenses in current yearUSD $ 314,105
Other expenses in previous yearUSD $ 391,754
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 280,324
Employee salary and benefits paid in previous yearUSD $ 315,238
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 596,693
Total revenue in previous fiscal yearUSD $ 667,738
Contributions and grants from current yearUSD $ 420,620
Contributions and grants from previous yearUSD $ 650,147

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 456015977

USA Location Address
1020 20TH AVE SW
MINOT
ND
58701
Date first seen: 2007-01-01
Date last seen: 2023-12-31
USA Mailing Address
PO BOX 940
MINOT
ND
587020940
Date first seen: 2022-05-12
Date last seen: 2022-05-12

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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