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Williston Area Economic

Williston, NDUnknown exempt organization EIN 20-8805390Revenue $42K in FY2025

On file with the IRSPo Box 1306 · Williston, ND

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To ensure that williston's business climate, workforce, and infrastructure are postured for continued business expansion, Economic opportunities, and job growth.

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $703K a year · 93% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$42K
+17% vs prior year
Spent
$77K
To programs
98%
Net assets
$2.8M
By yearFY2022–FY2025
Revenue
$42K
FY2025▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2022$500K
FY2023$2.5M
FY2024$36K
FY2025$42K
Expenses
$77K
FY2025▼ -46%
Tap a bar for its year
Expenses by fiscal year
FY2022$1K
FY2023$2K
FY2024$141K
FY2025$77K
Net assets
$2.8M
FY2025▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2022$505K
FY2023$3.0M
FY2024$2.9M
FY2025$2.8M

From the FY2025 Form 990 (year ending September 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $75K Management & general 2% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Howard Klug
President
$0Pt VII · Sec A
Steve Kemp
Vice President
$0Pt VII · Sec A
Keith Olson
Secretary/Treasurer
$0Pt VII · Sec A
Sjon Zunich
Director
$0Pt VII · Sec A
Taylor Olson
Director
$0Pt VII · Sec A
Zach Nelson
Director
$0Pt VII · Sec A
Steve Slocum
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Williston Area Economic executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Boosts local business, workforce, and infrastructure for economic growth and job creation.

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Provided by the organization

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1 program · $75K · in their own filed words · FY2024
01

Support workforce needs in the williston area.

$75Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$42K
Ln 12
Other incomeLn 4–11$42K
Investment incomeLn 3$181
Money outPt IX
$77K
Ln 25
Programscol B$75K
Managementcol C$1K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$2.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$181
Other incomeLn 4–11$42K
Total revenueLn 12$42K
Assets in detailPt X, end of year
SavingsLn 2$80K
Cash and savings togetherLn 1–2$80K
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$2.8M
LiabilitiesLn 26$0
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$41K$80K
Land, buildings, equipmentLn 10c$2.8M$2.7M
Total assetsLn 16$2.9M$2.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.9M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
OccupancyLn 16$1$1
Conferences, conventions and meetingsLn 19$20$20
Depreciation, depletion and amortizationLn 22$74K$74K
InsuranceLn 23$1K$1K
Total functional expensesLn 25$77K$75K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $42K$77K−$35K$2.8M 990 PDF
FY2024 $36K$141K−$105K$2.9M 990 PDF
FY2023 $2.5M$2K$2.5M$3.0M 990 PDF
FY2022 $500K$1K$499K$505K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $41,685 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,000$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $384$181
I-11 Other revenuePrior year $22,148$41,504
I-12 Total revenuePrior year $35,532$41,685
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $140,749$76,580
I-18 Total expensesPrior year $140,749$76,580
I-19 Revenue less expensesPrior year −$105,217−$34,895
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $41,685 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $181$181
VIII-6 Net rental income or lossExcluded from tax $41,504$41,504
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $41,685$41,685
Part IX · Statement of functional expenses $76,580 across 5 lines filed
IX-11c Accounting feesManagement $1,450$1,450
IX-16 OccupancyPrograms $1$1
IX-19 Conferences, conventions and meetingsPrograms $20$20
IX-22 Depreciation, depletion and amortizationPrograms $73,970$73,970
IX-23 InsurancePrograms $1,139$1,139
IX-25 Total functional expensesPrograms $75,130 · Management $1,450 · Fundraising $0$76,580
Part X · Balance sheet $2,816,682 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $40,609$79,684
X-10c Land, buildings and equipment, netStart of year $2,810,968$2,736,998
X-16 Total assetsStart of year $2,851,577$2,816,682
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,851,577$2,816,682
X-33 Total liabilities and net assetsStart of year $2,851,577$2,816,682
Part XI · Reconciliation of net assets $2,816,682 net assets at year end
XI-1 Total revenue$41,685
XI-2 Total expenses$76,580
XI-3 Revenue less expenses−$34,895
XI-4 Net assets at start of year$2,851,577
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,816,682

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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