Griggs-Steele Empowerment Zone Inc

Organization Overview

Griggs-Steele Empowerment Zone Inc is located in Finley, ND. The organization was established in 1999. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Griggs-Steele Empowerment Zone Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Griggs-Steele Empowerment Zone Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Griggs-Steele Empowerment Zone Inc generated $203.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $224.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Griggs-Steele Empowerment Zone Inc has awarded 18 individual grants totaling $195,308. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO INCREASE POPULATION WHILE MAINTAINING SUSTAINABLE RURAL VALUES AND LIFESTYLES, TO ENHANCE COMMUNITY FACILITIES AND SERVICES TO SUPPORT REVITALIZATION, TO END OUT-MIGRATION AND TO INVIGORATE AND DIVERSIFY THE ECONOMY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GSEZ CONTINUED TO MAKE AVAILABLE AND PROVIDE LOANS TO EXISTING BUSINESSES TO SUPPORT BUSINESS AND JOB RETENTION, GROWTH, AND EXPANSION WITHIN GRIGGS & STEELE COUNTIES IN ND. GSEZ CONTINUED TO PROVIDE GRANT FUNDS TO NON-PROFIT ORGANIZATIONS IN ITS CONTINUED SUPPORT OF COMMUNITY DEVELOPMENT PROGRAMS, SPECIFICALLY THE COMMUNITY COORDINATOR PROGRAM.


GSEZ CONTRACTED SERVICES TO THE STEELE COUNTY JOB DEVELOPMENT AUTHORITY (JDA) FOR THE POSITION OF PART-TIME STEELE COUNTY COORDINATOR, PROVIDING TECHNICAL AND PROFESSIONAL SERVICES TO ASSIST IN IMPROVING COMMUNITY INFRASTRUTURE AND ENTREPRENEURIAL GROWTH.


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Board, Officers & Key Employees

Name (title)Compensation
Alan Juliuson
President
$420
Holly Stromsodt
Treasurer
$360
Sheri Lee
Secretary
$60
Brian Tuite
Director
$60
Ed Everson
Director
$120
Pete Schumacher
Vice President
$60

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$154,981
Investment income $36,479
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,400
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $203,110

Grants Awarded

Over the last fiscal year, Griggs-Steele Empowerment Zone Inc has awarded $21,541 in support to 2 organizations.

Grant RecipientAmount

STEELE COUNTY JDA

PURPOSE: MATCHING FUNDS FOR COMMUNITY COORDINATOR POSITION AND EXPENSES.

$16,096

HANNAFORD EDC

PURPOSE: MATCHING FUNDS FOR COMMUNITY COORDINATOR POSITION AND EXPENSES

$5,445
View Grant Profile

Peer Organizations

Organization NameAssets
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Rapid City, SD
$8,457,937
Western Organization Of Resource
Billings, MT
$7,146,397
Community And Economic Development Associates
Chatfield, MN
$2,607,909
South Eastern Development Foundation
Sioux Falls, SD
$2,441,148
Sharing Our Roots
Northfield, MN
$855,573
Rural Electric Economic Development Inc
Madison, SD
$2,362,102
Montana Cooperative Development Center Inc
Great Falls, MT
$676,929
Center For Rural Policy And Development
Mankato, MN
$663,588
Big Ideas Inc
New Ulm, MN
$645,665
Bisonx
Fargo, ND
$499,889
North Central Planning Council
Devils Lake, ND
$769,862
Rural Economic Area Partnership Investment Fund Incorporated
Dickinson, ND
$22,400
Fort Benton Community Improvement Association
Fort Benton, MT
$257,199
Cass County Electric Cooperative Foundation
Fargo, ND
$240,509
North Dakota Farmers Union Foundation
Jamestown, ND
$268,626
Page Cafe Association
Page, ND
$188,729
Griggs-Steele Empowerment Zone Inc
Finley, ND
$203,110
Beadle & Spink Enterprise Community Inc
Doland, SD
$291,439
Prairielands Library Exchange
Marshall, MN
$0
Rural Development Finance Corporation
Mandan, ND
$526,227
Salem Economic Development Corporation
Salem, SD
$145,123
Real Food Inc
Willmar, MN
$123,088
Citizens Regeneration Lobby
Finland, MN
$93,848
Wessington Springs Area Chamber & Development
Wessington Springs, SD
$0
High Plains Financial Inc
Great Falls, MT
$44,007

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