Western Region Economic Development
- Assets
- $114.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Williston, ND
- Founding
- 11/1992
- Data as of
- 09/2022
- EIN
- 36-3803598
Organization Overview
Western Region Economic Development is located in Williston, ND. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Region Economic Development is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2022, Western Region Economic Development generated $124.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $81.2k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WESTERN REGION ECONOMIC DEVELOPMENT (WRED) EXISTS TO FACILITATE AND PROMOTE A VIBRANT, DIVERSIFIED AND SUSTAINABLE ECONOMY THROUGH COLLABORATION AND OUTREACH.THE GOALS OF THE ORGANIZATION ARE:- IDENTIFY PRIMARY SECTOR DEVELOPMENT OPPORTUNITIES THAT WILL HELP DIVERSIFY THE ECONOMY.- INCREASE INFLUENCE ON STATE POLICIES.- ADVOCATE FOR REGIONAL BUSINESS FRIENDLY ENVIRONMENT.- FOCUS ON PUBLIC RELATION EFFORTS ON THE REGION.- FOCUS ON FUTURE RECRUITMENT AND DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hercules Cummings President | 2.5 | $0 | |
Melinda Rassmusen Vice President | 2.5 | $0 | |
Sarah Johnson 2nd Vice President | 2.5 | $0 | |
Dubi Cummings Secretary | 2.5 | $0 | |
Jered Suess Treasurer | 2.5 | $0 | |
Jerry Bergman Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,010 |
| Total Program Service Revenue | $50,770 |
| Membership dues | $18,282 |
| Investment income | $38 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $77 |
| Total Revenue | $124,177 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $86 |
| Other expenses | $77,590 |
| Total expenses | $81,176 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $114,415 |
| Other assets | $0 |
| Total assets | $114,415 |
| Total liabilities | $2,757 |
| Net assets or fund balances | $111,658 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Region Economic Development has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: ECONOMIC DEVELOPMENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakes And Pines Community Action Council Inc Mora, MN | $3,434,723 | $9,795,071 |
Rocky Mountain Development Council Inc Helena, MT | $19,568,493 | $12,980,509 |
Kootasca Community Action Inc Grand Rapids, MN | $3,733,183 | $8,667,071 |
St Paul Auto Dealers And District 77 Lodge Iamaw Joint Fund Bloomington, MN | $6,441,158 | $6,840,517 |
Community Facility Public Private Partnerships Minnetonka, MN | $139,342,573 | $6,847,373 |
Emerge Community Development Minneapolis, MN | $6,688,888 | $6,982,216 |
Southwestern Minnesota Opportunity Council Inc Worthington, MN | $6,681,573 | $5,602,564 |
Thunder Valley Community Development Corporation Porcupine, SD | $24,786,426 | $14,048,128 |
Western South Dakota Community Action Inc Rapid City, SD | $273,358 | $4,989,303 |
Inter-County Community Council Inc Oklee, MN | $1,984,767 | $4,608,691 |
Lake Street Council Minneapolis, MN | $6,341,683 | $1,498,492 |
Mankato Area Foundation Mankato, MN | $27,051,711 | $6,256,215 |