Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Madelia Area Redevelopment Corp
EIN 26-3537812 • 501(c)6 • Madelia, MN
Profile
It is the mission of the madelia area redevelopment corporation to increase the economic and tax base of eastern watonwan county.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
35th percentile
Higher net margin than 35% of similar nonprofits.
Top Officer Pay
80th percentile
Higher top officer pay than 80% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
18th percentile
Faster asset growth than 18% of similar nonprofits.
Revenue Growth
50th percentile
Faster revenue growth than 50% of similar nonprofits.
Balance Sheet
Assets
Down$10,931
Down $3,425 (-24%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$10,931
Down $3,425 (-24%) from 2023
Revenue
Up$49,348
Up $1,335 (+2.8%) from 2023
Expenses
Down$52,773
Down $2,955 (-5.3%) from 2023
Net Income
Up-$3,425
Up $4,290 (+56%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $10,931
- Liabilities
- -
- Net assets
- $10,931
- Revenue
- $49,348
- Expenses
- $52,773
- Net income
- -$3,425
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Aug 6, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $49,348
Mission and Program Overview
Mission
It is the mission of the madelia area redevelopment corporation to increase the economic and tax base of eastern watonwan county.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE ORGANIZATION WAS FORMED ON SEPTEMBER 19, 2008. IN THIS TIME OF EXISTENCE, A FOUNDATION WAS DEVELOPED FOR THE ORGANIZATION TO ACCOMPLISH ITS MISSION OF INCREASING THE ECONOMIC AND TAX BASE OF EASTERN WATONWAN COUNTY. | - | - |
| MADELIA AREA CHAMBER OF COMMERCE | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SYBIL B CHRISTENSEN | Secretary/Tr | - | $0 | - | - |
| GLEN CHRISTENSEN | President | - | $0 | - | - |
| CHRISTINE FISCHER | Vice-Preside | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Madelia Area Redevelopment Corp
- EIN
- 26-3537812
- Phone
- 5076425555
- Address
- 104 WEST MAIN STREET, MADELIA, MN 56062
Signing Officer
- Name
- Glen Christensen
- Title
- President
- Phone
- 5076425555
- Signed
- 2025-08-06
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Kelsey Arndt & Tweit Pllc
- Address
- 8 W MAIN ST, MADELIA, MN 56062
- Preparer
- Annette M Arndt CPA
- Phone
- 5076422800
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses golden shovel agency, llc 23,892 chamber membership 1,925 sharpline images 4,263 highway signs-comm of transpo 3,532 madelia community foundation 1,000 arvig media 5,132 total 39,744”
Form 990-ez, Part III
“It is the mission of the madelia area redevelopment corporation to increase the economic and tax base of eastern watonwan county.”
Form 990-ez, Part III, Line 28
“The organization was formed on september 19, 2008. In this time of existence, a foundation was developed for the organization to accomplish its mission of increasing the economic and tax base of eastern watonwan county.”
Form 990-ez, Part III, Line 31
“Madelia area chamber of commerce”
Raw XML Appendix105 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | GLEN CHRISTENSEN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5076425555 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 104 WEST MAIN STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MADELIA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 56062 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 14356 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 10931 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 49340 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -3425 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 12867 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 14356 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 10931 |
| IRS990EZ/GrossReceiptsAmt | 0 | 49348 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 8 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 14356 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 10931 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 14356 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 10931 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | SYBIL B CHRISTENSEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | GLEN CHRISTENSEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | CHRISTINE FISCHER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | SECRETARY/TR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VICE-PRESIDE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 39744 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | IT IS THE MISSION OF THE MADELIA AREA REDEVELOPMENT CORPORATION TO INCREASE THE ECONOMIC AND TAX BASE OF EASTERN WATONWAN COUNTY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 162 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ORGANIZATION WAS FORMED ON SEPTEMBER 19, 2008. IN THIS TIME OF EXISTENCE, A FOUNDATION WAS DEVELOPED FOR THE ORGANIZATION TO ACCOMPLISH ITS MISSION OF INCREASING THE ECONOMIC AND TAX BASE OF EASTERN WATONWAN COUNTY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | MADELIA AREA CHAMBER OF COMMERCE |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 52773 |
| IRS990EZ/TotalRevenueAmt | 0 | 49348 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES GOLDEN SHOVEL AGENCY, LLC 23,892 CHAMBER MEMBERSHIP 1,925 SHARPLINE IMAGES 4,263 HIGHWAY SIGNS-COMM OF TRANSPO 3,532 MADELIA COMMUNITY FOUNDATION 1,000 ARVIG MEDIA 5,132 TOTAL 39,744 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | IT IS THE MISSION OF THE MADELIA AREA REDEVELOPMENT CORPORATION TO INCREASE THE ECONOMIC AND TAX BASE OF EASTERN WATONWAN COUNTY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION WAS FORMED ON SEPTEMBER 19, 2008. IN THIS TIME OF EXISTENCE, A FOUNDATION WAS DEVELOPED FOR THE ORGANIZATION TO ACCOMPLISH ITS MISSION OF INCREASING THE ECONOMIC AND TAX BASE OF EASTERN WATONWAN COUNTY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | MADELIA AREA CHAMBER OF COMMERCE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III, LINE 28 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | GLEN CHRISTENSEN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5076425555 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-08-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MADELIA AREA REDEVELOPMENT CORP |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MADE |
| ReturnHeader/Filer/EIN | 0 | 263537812 |
| ReturnHeader/Filer/PhoneNum | 0 | 5076425555 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 104 WEST MAIN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MADELIA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 56062 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 873535945 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | KELSEY ARNDT & TWEIT PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 8 W MAIN ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MADELIA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 56062 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5076422800 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-08-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANNETTE M ARNDT CPA |
| ReturnHeader/ReturnTs | 0 | 2025-08-19T11:00:17-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
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