Economic Development

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $32K a year · 69% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
9 mo
of spending, in cash
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$30K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$98K
+39% vs prior year
Spent
$35K
To programs
100%
Net assets
$694K
By yearFY2020–FY2024
Revenue
$98K
FY2024▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$11K
FY2021$26K
FY2022$29K
FY2023$70K
FY2024$98K
Expenses
$35K
FY2024▲ +306%
Tap a bar for its year
Expenses by fiscal year
FY2020$2K
FY2021$201
FY2022$26K
FY2023$9K
FY2024$35K
Net assets
$694K
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$541K
FY2021$566K
FY2022$569K
FY2023$631K
FY2024$694K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2002.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $35K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Hazelton Development Corporation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Hazelton Development Corporation is a community improvement nonprofit based in Hazelton, ND.

Questions for Hazelton Development Corporation

Tap to ask. Hazelton Development Corporation sees how many people are interested.

Your first name shows with your question. Hazelton Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $35K · in their own filed words · FY2024
01

Promote residential and commerical growth in Hazelton

$35Kprogram expense
02

Operation of Coffee Shop in Hazelton and Fundraising Events

Pt IX · col B
03

Rental of Commerical Space in Hazelton

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$14K
Grants paid · 3 grants · $48K · 2022–2024
Hmb Grocery Store LLCFY2024$13,932
Hmb Grocery Store LLCFY2023$8,500
Hmb Grocery Store LLCFY2022$25,725

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$98K
Ln 12
Gifts and grantsLn 1h$134K
Investment incomeLn 3$158
Money outPt IX
$35K
Ln 25
Programscol B$35K
Owns and owesPt X
$694K
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$723K
LiabilitiesLn 26$30K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$134K
Government grantsLn 1e$94K
Fundraising eventsLn 1c$17K
Investment incomeLn 3$158
Total revenueLn 12$98K
Assets in detailPt X, end of year
CashLn 1$25K
Cash and savings togetherLn 1–2$25K
Land, buildings, equipmentLn 10c$698K
Total assetsLn 16$723K
LiabilitiesLn 26$30K
Net assetsLn 32$694K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$20K$25K
Land, buildings, equipmentLn 10c$686K$698K
Total assetsLn 16$706K$723K
LiabilitiesLn 26$75K$30K
Net assetsLn 32$631K$694K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Office expensesLn 13$349$349$0$0
Conferences, conventions and meetingsLn 19$167$167$0$0
Other expenses (24a–d)Ln 24$20K$20K$0$0
Total functional expensesLn 25$35K$35K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $98K$35K$63K$694K 990 PDF
FY2023 $70K$9K$62K$631K 990 PDF
FY2022 $29K$26K$3K$569K 990 PDF
FY2021 $26K$201$26K$566K 990 PDF
FY2020 $11K$2K$9K$541K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $97,806 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $114,452$133,914
I-9 Program service revenue$0
I-10 Investment incomePrior year $110$158
I-11 Other revenuePrior year −$44,198−$36,266
I-12 Total revenuePrior year $70,364$97,806
I-13 Grants and similar amounts paidPrior year $8,500$14,932
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $182$20,314
I-18 Total expensesPrior year $8,682$35,246
I-19 Revenue less expensesPrior year $61,682$62,560
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $97,806 across 8 lines filed
VIII-1c Fundraising events$17,189
VIII-1e Government grants$94,141
VIII-1f All other contributions, gifts and grants$22,584
VIII-1h Total contributions, gifts and grants$133,914
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$158
VIII-6 Net rental income or lossRelated to mission −$31,795−$31,795
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$4,471−$4,471
VIII-12 Total revenueRelated to mission −$31,637 · Unrelated business $0 · Excluded from tax −$4,471$97,806
Part IX · Statement of functional expenses $35,246 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $14,932$14,932
IX-13 Office expensesPrograms $349 · Management $0 · Fundraising $0$349
IX-19 Conferences, conventions and meetingsPrograms $167 · Management $0 · Fundraising $0$167
IX-24 Other expenses (24a–d)Programs $19,798 · Management $0 · Fundraising $0$19,798
IX-25 Total functional expensesPrograms $35,246 · Management $0 · Fundraising $0$35,246
Part X · Balance sheet $723,317 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $20,424$25,269
X-10c Land, buildings and equipment, netStart of year $685,583$698,048
X-16 Total assetsStart of year $706,007$723,317
X-25 Other liabilitiesStart of year $4,974$4,743
X-26 Total liabilitiesStart of year $74,903$29,653
X-27 Net assets without donor restrictionsStart of year $623,349$684,502
X-28 Net assets with donor restrictionsStart of year $7,755$9,162
X-32 Total net assets or fund balancesStart of year $631,104$693,664
X-33 Total liabilities and net assetsStart of year $706,007$723,317
Part XI · Reconciliation of net assets $693,664 net assets at year end
XI-1 Total revenue$97,806
XI-2 Total expenses$35,246
XI-3 Revenue less expenses$62,560
XI-4 Net assets at start of year$631,104
XI-10 Net assets at end of year$693,664

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.