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Hillsboro Economic Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Community Service Clubs (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$296k (2023)

Expenses
$84.8k (2023)

Total Assets
$873k (2023)

Total Liabilities
$1.92k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$295,915
Expenses
$84,799
Net Income
$211,116
Net Assets
$870,904
Notable Sources of Revenue Percent of Total Revenue
Contributions $138,974
47.0%
Program Services $0
Investment Income $5,922
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,600
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $872,827
Total Liabilities $1,923
Net Assets $870,904
Compensation
Key Employees and Officers Compensation Related Other
Sheila Geray (Business Manager) $8,093 $0 $0
Terry Sando (President) $0 $0 $0
Dustin Nagel (Vice President) $0 $0 $0
Ryan Opdahl (Treasurer) $0 $0 $0
Brett Boeddeker (Director) $0 $0 $0
Cathy Brenan (Director) $0 $0 $0
Jon Dryburgh (Director) $0 $0 $0
Mark Forseth (Director) $0 $0 $0
Rick Nelson (Director) $0 $0 $0
J R Strom (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$269,380
Expenses
$74,207
Net Income
$195,173
Net Assets
$659,788
Notable Sources of Revenue Percent of Total Revenue
Contributions $152,257
56.5%
Program Services $0
Investment Income $1,358
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,695
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $660,995
Total Liabilities $1,207
Net Assets $659,788
Compensation
Key Employees and Officers Compensation Related Other
Sheila Geray (Business Manager) $4,500 $0 $0
Terry Sando (President) $0 $0 $0
Dustin Nagel (Vice President) $0 $0 $0
Ryan Opdahl (Treasurer) $0 $0 $0
Brett Boeddeker (Director) $0 $0 $0
Cathy Brenan (Director) $0 $0 $0
Jon Dryburgh (Director) $0 $0 $0
Mark Forseth (Director) $0 $0 $0
Rick Nelson (Director) $0 $0 $0
J R Strom (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$142,616
Expenses
$51,295
Net Income
$91,321
Net Assets
$464,615
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,870
3.4%
Program Services $0
Investment Income $328
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $200
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $465,768
Total Liabilities $1,153
Net Assets $464,615
Compensation
Key Employees and Officers Compensation Related Other
Sheila Geray (Business Manager) $3,960 $0 $0
Gary Nysveen (President) $0 $0 $0
Terry Sando (Vice President) $0 $0 $0
Ryan Opdahl (Treasurer) $0 $0 $0
Brett Boeddeker (Director) $0 $0 $0
Mark Forseth (Director) $0 $0 $0
Dustin Nagel (Director) $0 $0 $0
Rick Nelson (Director) $0 $0 $0
J R Strom (Director) $0 $0 $0
Paula Suda (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$94,215
Expenses
$43,660
Net Income
$50,555
Net Assets
$373,294
Notable Sources of Revenue Percent of Total Revenue
Contributions $26,704
28.3%
Program Services $0
Investment Income $731
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income -$1,675
Net Fundraising $0
Sales of Assets -$29,753
Net Inventory Sales $0
Other Revenue $1,735
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $374,193
Total Liabilities $899
Net Assets $373,294
Compensation
Key Employees and Officers Compensation Related Other
Sheila Geray (Business Manager) $4,489 $0 $0
Paula Suda (President) $0 $0 $0
Gary Nysveen (Vice President) $0 $0 $0
Ryan Opdahl (Treasurer) $0 $0 $0
Mark Forseth (Director) $0 $0 $0
Dustin Nagel (Director) $0 $0 $0
Rick Nelson (Director) $0 $0 $0
Terry Sando (Director) $0 $0 $0
J R Strom (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$58,975
Expenses
$39,979
Net Income
$18,996
Net Assets
$322,739
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,000
17.0%
Program Services $0
Investment Income $41
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $7,696
13.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $131
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $324,767
Total Liabilities $2,028
Net Assets $322,739
Compensation
Key Employees and Officers Compensation Related Other
Sheila Geray (Business Manager) $4,701 $0 $0
Paula Suda (President) $0 $0 $0
Gary Nysveen (Vice President) $0 $0 $0
Ryan Opdahl (Treasurer) $0 $0 $0
Melissa Beach (Director) $0 $0 $0
Jon Bertsch (Director) $0 $0 $0
Mark Forseth (Director) $0 $0 $0
Dustin Nagel (Director) $0 $0 $0
Terry Sando (Director) $0 $0 $0
Justin Kleckner (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,007
Expenses
$74,995
Net Income
$12,012
Net Assets
$303,743
Notable Sources of Revenue Percent of Total Revenue
Contributions $64,500
74.1%
Program Services $0
Investment Income $55
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$6,745
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $28
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,300
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $306,219
Total Liabilities $2,476
Net Assets $303,743
Compensation
Key Employees and Officers Compensation Related Other
Sheila Geray (Business Manager) $5,762 $0 $0
Paula Suda (President) $0 $0 $0
Gary Nysveen (Vice President) $0 $0 $0
Ryan Opdahl (Treasurer) $0 $0 $0
Melissa Beach (Director) $0 $0 $0
Jon Bertsch (Director) $0 $0 $0
Mark Forseth (Director) $0 $0 $0
Randy Habeck (Director) $0 $0 $0
Dustin Nagel (Director) $0 $0 $0
Terry Sando (Director) $0 $0 $0
Justin Kleckner (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$108,960
Expenses
$40,169
Net Income
$68,791
Net Assets
$291,731
Notable Sources of Revenue Percent of Total Revenue
Contributions $104,000
95.4%
Program Services $0
Investment Income $63
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$19,860
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $636
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,300
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $445,421
Total Liabilities $153,690
Net Assets $291,731
Compensation
Key Employees and Officers Compensation Related Other
Sheila Geray (Business Manager) $6,231 $0 $0
Paula Suda (President) $0 $0 $0
Gary Nysveen (Vice President) $0 $0 $0
Ryan Opdahl (Treasurer) $0 $0 $0
Jon Bertsch (Director) $0 $0 $0
Randy Habeck (Director) $0 $0 $0
Robert Hebl (Director) $0 $0 $0
Dustin Nagel (Director) $0 $0 $0
Terry Sando (Director) $0 $0 $0
Justin Kleckner (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,977
Expenses
$32,971
Net Income
$10,006
Net Assets
$222,940
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,910
53.3%
Program Services $0
Investment Income $38
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$5,157
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,176
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,500
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $384,074
Total Liabilities $161,134
Net Assets $222,940
Compensation
Key Employees and Officers Compensation Related Other
Sheila Geray (Business Manager) $8,886 $0 $0
Paula Suda (President) $0 $0 $0
Gary Nysveen (Vice President) $0 $0 $0
Ryan Opdahl (Treasurer) $0 $0 $0
Jon Bertsch (Director) $0 $0 $0
Randy Habeck (Director) $0 $0 $0
Robert Hebl (Director) $0 $0 $0
Dustin Nagel (Director) $0 $0 $0
Terry Sando (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,623
Expenses
$74,075
Net Income
-$28,452
Net Assets
$212,934
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,200
42.1%
Program Services $0
Investment Income $42
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $58
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,048
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $214,446
Total Liabilities $1,512
Net Assets $212,934
Compensation
Key Employees and Officers Compensation Related Other
Sheila Geray (Manager) $4,095 $0 $0
Rob Owens (President) $0 $0 $0
Robert Hebl (Vice President) $0 $0 $0
Gary Nysveen (Treasurer) $0 $0 $0
Paula Peterson (Director) $0 $0 $0
Randy Habeck (Director) $0 $0 $0
Terry Sando (Director) $0 $0 $0
Jon Bertsch (Director) $0 $0 $0
Ryan Opdahl (Director) $0 $0 $0
Dustin Nagel (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,978
Expenses
$44,600
Net Income
-$6,622
Net Assets
$241,386
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,900
20.8%
Program Services $0
Investment Income $1,009
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $242,838
Total Liabilities $1,452
Net Assets $241,386
Compensation
Key Employees and Officers Compensation Related Other
Sheila Geray (Manager) $4,050 $0 $0
Rob Owens (Director) $0 $0 $0
Doug Melby (Vice Chair) $0 $0 $0
Paul Geray (Chair) $0 $0 $0
Robert Hebl (Secretary) $0 $0 $0
Paula Peterson (Director) $0 $0 $0
Curt Kaufman (Director) $0 $0 $0
Gary Nysveen (Director) $0 $0 $0
Randy Habeck (Director) $0 $0 $0
Jac Mctaggart (Director) $0 $0 $0
Kari Matthys (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,304
Expenses
$58,877
Net Income
-$16,573
Net Assets
$248,008
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,258
43.2%
Program Services $0
Investment Income $41
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $701
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $249,704
Total Liabilities $1,696
Net Assets $248,008
Compensation
Key Employees and Officers Compensation Related Other
Hedy Nagel (Former Manager) $4,600 $0 $0
Sheila Geray (Manager) $2,381 $0 $0
Rob Owens (Director) $0 $0 $0
Doug Melby (Vice Chair) $0 $0 $0
Paul Geray (Chair) $0 $0 $0
Robert Hebl (Secretary) $0 $0 $0
Paula Peterson (Director) $0 $0 $0
Curt Kaufman (Director) $0 $0 $0
Gary Nysveen (Director) $0 $0 $0
Randy Habeck (Director) $0 $0 $0
Jac Mctaggart (Director) $0 $0 $0
Kari Matthys (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,033
Expenses
$31,545
Net Income
$2,488
Net Assets
$264,581
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,500
4.4%
Program Services $0
Investment Income $73
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $35
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $266,652
Total Liabilities $2,071
Net Assets $264,581

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,491
Expenses
$60,224
Net Income
$6,267
Net Assets
$262,093
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,000
15.0%
Program Services $0
Investment Income $100
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $42,385
63.7%
Net Inventory Sales $0
Other Revenue $1,539
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $267,173
Total Liabilities $5,080
Net Assets $262,093

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,024
Expenses
$45,063
Net Income
-$16,039
Net Assets
$272,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,000
34.5%
Program Services $8,102
27.9%
Investment Income $278
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $283,738
Total Liabilities $10,960
Net Assets $272,778

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2000

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
1999

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
1998

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
1997

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
1996

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
1995

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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