Western Region Economic Development
- Assets
- $61.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Williston, ND
- Founding
- 11/1992
- Data as of
- 09/2023
- 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 09/2023, Western Region Economic Development generated $108.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $159.5k during the year ending 09/2023. While expenses have increased by 0.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2023
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 |
|---|---|---|---|
Sarah Johnson President | 2.5 | $0 | |
Leland Tong Vice President | 2.5 | $0 | |
Brom Lutz 2nd Vice President | 2.5 | $0 | |
Jerad Suess Treasurer | 2.5 | $0 | |
Dubi Cummings Secretary | 2.5 | $0 | |
Hercules Cummings Immediate Past Presiden | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,850 |
| Total Program Service Revenue | $68,442 |
| Membership dues | $20,375 |
| Investment income | $250 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $108,917 |
| 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 | $8,001 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $151,537 |
| Total expenses | $159,538 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,037 |
| Other assets | $0 |
| Total assets | $61,037 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,037 |