Civic Intelligence

North Central Economic Development Association Inc.

990 • Fiscal year 2022 • EIN 36-3458720

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 23, 2023

Organization ProfileWWW.NORTHCENTRALEDA.ORG
200 1st Street NE 2Staples, MN 56479

(218) 894-3233

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.34x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

5.93x

Higher debt load relative to revenue than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

77th percentile

26%

Higher net margin than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$90,767

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 59.4% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

8th percentile

-19%

Faster asset growth than 8% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

31st percentile

-6.3%

Faster revenue growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$2,691,846

Down $628,125 (-19%) from 2021

Net Assets

Up

$1,784,723

Up $40,137 (+2.3%) from 2021

Liabilities

Down

$907,123

Down $668,262 (-42%) from 2021

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin77th percentile

Revenue

Down

$152,928

Down $10,236 (-6.3%) from 2021

Expenses

Down

$112,791

Down $14,732 (-12%) from 2021

Net Income

Up

$40,137

Up $4,496 (+13%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,472,260Liabilities 2011: $21,379Net Assets 2011: $1,450,8812011Assets 2012: $1,525,184Liabilities 2012: $139,750Net Assets 2012: $1,385,4342012Assets 2013: $1,589,488Liabilities 2013: $121,579Net Assets 2013: $1,467,9092013Assets 2014: $1,777,328Liabilities 2014: $357,848Net Assets 2014: $1,419,4802014Assets 2015: $1,885,741Liabilities 2015: $436,734Net Assets 2015: $1,449,0072015Assets 2016: $1,841,729Liabilities 2016: $432,149Net Assets 2016: $1,409,5802016Assets 2017: $1,940,504Liabilities 2017: $474,265Net Assets 2017: $1,466,2392017Assets 2018: $2,014,153Liabilities 2018: $451,158Net Assets 2018: $1,562,9952018Assets 2019: $1,993,709Liabilities 2019: $425,799Net Assets 2019: $1,567,9102019Assets 2020: $3,501,331Liabilities 2020: $1,792,386Net Assets 2020: $1,708,9452020Assets 2021: $3,319,971Liabilities 2021: $1,575,385Net Assets 2021: $1,744,5862021Assets 2022: $2,691,846Liabilities 2022: $907,123Net Assets 2022: $1,784,7232022Assets 2023: $2,413,855Liabilities 2023: $624,082Net Assets 2023: $1,789,7732023Assets 2024: $2,133,256Liabilities 2024: $322,422Net Assets 2024: $1,810,8342024Assets 2025: $1,932,808Liabilities 2025: $135,020Net Assets 2025: $1,797,7882025

Highlighted filing

2022

Assets$2,691,846
Liabilities$907,123
Net Assets$1,784,723
Open 2022 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $57,1462011Expenses 2012: $223,8732012Expenses 2013: $150,3412013Revenue 2014: $103,563Expenses 2014: $151,992Net Income 2014: -$48,4292014Revenue 2015: $174,843Expenses 2015: $145,316Net Income 2015: $29,5272015Revenue 2016: $214,020Expenses 2016: $253,447Net Income 2016: -$39,4272016Revenue 2017: $230,789Expenses 2017: $174,130Net Income 2017: $56,6592017Revenue 2018: $211,465Expenses 2018: $114,709Net Income 2018: $96,7562018Revenue 2019: $136,872Expenses 2019: $131,957Net Income 2019: $4,9152019Revenue 2020: $270,825Expenses 2020: $129,790Net Income 2020: $141,0352020Revenue 2021: $163,164Expenses 2021: $127,523Net Income 2021: $35,6412021Revenue 2022: $152,928Expenses 2022: $112,791Net Income 2022: $40,1372022Revenue 2023: $107,271Expenses 2023: $102,221Net Income 2023: $5,0502023Revenue 2024: $105,313Expenses 2024: $84,252Net Income 2024: $21,0612024Revenue 2025: $43,285Expenses 2025: $56,331Net Income 2025: -$13,0462025

Highlighted filing

2022

Revenue$152,928
Expenses$112,791
Net Income$40,137
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 23, 2023
Return Version
2021v4.2
Gross Receipts
$152,928
Mission and Program Overview

Mission

Promote economic development through the operation of a revolving loan fund and provide loans to individuals for household water well systems in the five county area of cass, crow wing, morrison, todd and wadena counties.

Our mission is to provide assistance to cultivate new skills and resources that unite communities and contribute to a prosperous economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,693,045$1,794,053▼ $898,992
Cash and Non-Interest-Bearing Accounts$611,234$725,680▲ $114,446
Savings and Temporary Cash Investments$5,713$156,080▲ $150,367
Pledges and Grants Receivable$4,500$3,600▼ $900
Prepaid Expenses and Deferred Charges$1,313$1,127▼ $186
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$3,319,971$2,691,846▼ $628,125
Other Assets Total$4,166$11,306▲ $7,140
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,423,816$805,939▼ $617,877
Other Liabilities$20,363$51,051▲ $30,688
Deferred Revenue$79,148$49,973▼ $29,175
Accounts Payable and Accrued Expenses$52,058$160▼ $51,898
Total Liabilities$1,575,385$907,123▼ $668,262
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,744,586$1,784,723▲ $40,137
Total Net Assets Fund Balance$1,744,586$1,784,723▲ $40,137
Total Liabilities and Net Assets / Fund Balance$3,319,971$2,691,846▼ $628,125

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$11,100$11,100
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cheryal HillsExecutive DirectorFT-$90,767$90,767
David AndersonR5dc Liaison--$500$500
Greg ZylkaChair-$470-$470
Maurice DurheimDirector-$370-$370
Dan FrankAlternate-$320-$320
Steven HansenVice Chair-$285-$285
Steve GertkenSecretary-$270-$270
Carrie ReiersonBoard Member-$250-$250
Allie VerchotaBoard Member-$35-$35
Lisa Graba-meechTreasurer-$35-$35

Board Members and Trustees

NameTitle
Bill PalmerBoard Member
Cory PettitBoard Member
Jason SellnowBoard Member
Katie HeppnerBoard Member
Mike WordenBoard Member
Rick UtechBoard Member
Sandra VoigtBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$15,807
Program Service Revenue
$135,636
Investment Income
$1,485
Other Revenue
$0
Change in Net Assets
$40,137

Audited Revenue Reconciliation

Revenue per Audited Statements
$152,928
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$152,928
Total Revenue per Form 990
$152,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,256
Salaries, Compensation, and Employee Benefits$2,535
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$89,437--$89,437
Fees for Services Accounting-$10,850-$10,850
Information Technology-$3,143-$3,143
Interest$2,773--$2,773
Current Officers, Directors, Trustees, and Key Employees-$2,535-$2,535
Insurance-$1,217-$1,217
Fees for Services Other$740--$740
Travel-$299-$299
Other Expenses$160$948-$160
Total Functional Expenses$93,799$18,992$0$112,791

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$112,791
Total Expenses per Audited Statements$112,791
Total Expenses per Form 990$112,791
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organizations$51,051
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by an independent cpa. It is reviewed and approved by the executive director and deputy director prior to submission.”

Form 990, Part VI, Section B, Line 12C

“Every year, the full corporation boards are required to sign a code of conduct and ethics policy acknowledgement to fully adhere to the conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“The conflict of interest policy is available upon request. The organization's governing documents and financial statements are available on the organization's own website.”

Filing and Contact Details

Filer

Filer Name
North Central Economic Development
EIN
36-3458720
Phone
2188943233
Address
200 1ST STREET NE 2, STAPLES, MN 56479

Signing Officer

Name
Cheryal Hills
Title
Executive Director
Phone
2188943233
Signed
2023-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryal Hills
Formed
1986
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
SCHLENNER WENNER & CO CPA'S PA
Address
630 ROOSEVELT RD STE 201, ST CLOUD, MN 56301
Preparer
Shelley M Gaetz
Phone
3202510286
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has a committee that oversees the audit.”

Financial Statement Notes

PART X, LINE 2:

“The association follows fasb asc topic 740, uncertainty in income taxes. The association is recognized by the internal revenue service as a not-for-profit organization under irs code section 501(c)(3). Due to the not-for-profit nature and provision of the association, all income and expenses attributable to the mission of the association are tax exempt and accordingly no provision or liability for income taxes have been made in the financial statements and contributions to the association are tax deductible to donors as allowed by irs regulations. However, the association is required to pay state and federal income taxes on unrelated business income. If the association were to engage in any activities that resulted in unrelated business income, a tax would be assessed on that activity. The association is open and subject to examination generally for three years after the filing date.”

Raw XML AppendixShowing 400 of 523 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt052058
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0160
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0OUR MISSION IS TO PROVIDE ASSISTANCE TO CULTIVATE NEW SKILLS AND RESOURCES THAT UNITE COMMUNITIES AND CONTRIBUTE TO A PROSPEROUS ECONOMY.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ALEX LISSON
IRS990/BooksInCareOfDetail/PhoneNum02188943233
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 1ST ST NE STE 2
IRS990/BooksInCareOfDetail/USAddress/CityNm0STAPLES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055479
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0611234
IRS990/CashNonInterestBearingGrp/EOYAmt0725680
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt02535
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt02535
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt015807
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01485
IRS990/CYOtherExpensesAmt0110256
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0135636
IRS990/CYRevenuesLessExpensesAmt040137
IRS990/CYSalariesCompEmpBnftPaidAmt02535
IRS990/CYTotalExpensesAmt0112791
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0152928
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt079148
IRS990/DeferredRevenueGrp/EOYAmt049973
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0REGION FIVE DEVELOPMENT COMMISSION RECEIVED A $1.6 MILLION EDA CARES ACT RECOVERY ASSISTANCE GRANT TO CAPITALIZE AND ADMINISTER REVOLVING LOAN FUNDS THAT WILL PROVIDE GAP FINANCING TO SMALL BUSINESSES AND ENTREPRENEURS ADVERSELY AFFECTED BY THE CORONAVIRUS PANDEMIC IN CROW WING, CASS, MORRISON, TODD, AND WADENA COUNTIES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt093799
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010850
IRS990/FeesForServicesAccountingGrp/TotalAmt010850
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt089437
IRS990/FeesForServicesManagementGrp/TotalAmt089437
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0740
IRS990/FeesForServicesOtherGrp/TotalAmt0740
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0GREG ZYLKA
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVEN HANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm2LISA GRABA-MEECH
IRS990/Form990PartVIISectionAGrp/PersonNm3STEVE GERTKEN
IRS990/Form990PartVIISectionAGrp/PersonNm4MAURICE DURHEIM
IRS990/Form990PartVIISectionAGrp/PersonNm5DAN FRANK
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7JASON SELLNOW
IRS990/Form990PartVIISectionAGrp/PersonNm8BILL PALMER
IRS990/Form990PartVIISectionAGrp/PersonNm9MIKE WORDEN
IRS990/Form990PartVIISectionAGrp/PersonNm10ALLIE VERCHOTA
IRS990/Form990PartVIISectionAGrp/PersonNm11SANDRA VOIGT
IRS990/Form990PartVIISectionAGrp/PersonNm12CARRIE REIERSON
IRS990/Form990PartVIISectionAGrp/PersonNm13KATIE HEPPNER
IRS990/Form990PartVIISectionAGrp/PersonNm14CORY PETTIT
IRS990/Form990PartVIISectionAGrp/PersonNm15RICK UTECH
IRS990/Form990PartVIISectionAGrp/PersonNm16CHERYAL HILLS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0470
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1285
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt235
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4370
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1035
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1690767
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5ALTERNATE
IRS990/Form990PartVIISectionAGrp/TitleTxt6R5DC LIAISON
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt015807
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0152928
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03143
IRS990/InformationTechnologyGrp/TotalAmt03143
IRS990/InsuranceGrp/ManagementAndGeneralAmt01217
IRS990/InsuranceGrp/TotalAmt01217
IRS990/InterestGrp/ProgramServicesAmt02773
IRS990/InterestGrp/TotalAmt02773
IRS990/InvestmentIncomeGrp/ExclusionAmt01485
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01485
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011100
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt011100
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OUR MISSION IS TO PROVIDE ASSISTANCE TO CULTIVATE NEW SKILLS AND RESOURCES THAT UNITE COMMUNITIES AND CONTRIBUTE TO A PROSPEROUS ECONOMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01423816
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0805939
IRS990/NetAssetsOrFundBalancesBOYAmt01744586
IRS990/NetAssetsOrFundBalancesEOYAmt01784723
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01744586
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01784723
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04166
IRS990/OtherAssetsTotalGrp/EOYAmt011306
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2CREDIT BUREAU FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0948
IRS990/OtherExpensesGrp/ProgramServicesAmt0689
IRS990/OtherExpensesGrp/ProgramServicesAmt1160
IRS990/OtherExpensesGrp/TotalAmt0948
IRS990/OtherExpensesGrp/TotalAmt1689
IRS990/OtherExpensesGrp/TotalAmt2160
IRS990/OtherLiabilitiesGrp/BOYAmt020363
IRS990/OtherLiabilitiesGrp/EOYAmt051051
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02693045
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01794053
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03600
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01313
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01127
IRS990/PrincipalOfficerNm0CHERYAL HILLS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3522291
IRS990/ProgramServiceRevenueGrp/BusinessCd4522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1ADMINISTRATIVE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2LOAN RECOVERY
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4ORIGINATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt087988
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129175
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt216104
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32025
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4344
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt087988
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt216104
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32025
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4344
IRS990/ProgSrvcAccomActy2Grp/Desc0MN DEPARTMENT OF EMPLOYMENT & ECONOMIC DEVELOPMENT (DEED) PROVIDES FUNDS TO A NETWORK OF NON-PROFIT LENDERS WHICH USE THESE FUNDS FOR LOANS TO START-UP AND EXPANDING BUSINESSES THROUGHOUT THE STATE. DEED ALSO HAS PROVIDED FUNDS FOR SMALL BUSINESS EMERGENCY LOANS (SBEL) TO HELP SMALL BUSINESSES THROUGH THE PANDEMIC.
IRS990/ProgSrvcAccomActy3Grp/Desc0USDA BACKED FUNDING WITH BUSINESS ASSISTANCE FOR START-UP/EXPANSION IN TEN COUNTIES IN CENTRAL MINNESOTA - CASS, CROW WING, CHISAGO, ISANTI, KANABEC, MILLE LACS, MORRISON, PINE, TODD AND WADENA. FUNDING OFFERED IN PARTNERSHIP WITH EAST CENTRAL REGIONAL DEVELOPMENT COMMISSION. FUNDING IN SMALLER AMOUNTS, NO BANK PARTICIPATION REQUIRED.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt025277
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0439
IRS990/PYOtherExpensesAmt0125863
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0137448
IRS990/PYRevenuesLessExpensesAmt035641
IRS990/PYSalariesCompEmpBnftPaidAmt01660
IRS990/PYTotalExpensesAmt0127523
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0163164
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt040137
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0135636
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05713
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0156080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt015807
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt025277
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0215584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt028557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt036300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0321525
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0437
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01341
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0910
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0693
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04866
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0608861
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98510
IRS990ScheduleA/PublicSupportPY170Pct00.99060
IRS990ScheduleA/PublicSupportTotal170Amt0321525
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt015807
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt025277
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0215584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt028557
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt036300
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0321525
IRS990ScheduleA/TotalSupportAmt0326391
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011100
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011100
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0112791
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt051051
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ORGANIZATIONS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0152928
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION FOLLOWS FASB ASC TOPIC 740, UNCERTAINTY IN INCOME TAXES. THE ASSOCIATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(3). DUE TO THE NOT-FOR-PROFIT NATURE AND PROVISION OF THE ASSOCIATION, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE ASSOCIATION ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE ASSOCIATION ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE ASSOCIATION IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE ASSOCIATION WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE ASSOCIATION IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0112791
IRS990ScheduleD/TotalLiabilityAmt051051
IRS990ScheduleD/TotalRevenuePerForm990Amt0152928
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0152928
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0112791
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA. IT IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND DEPUTY DIRECTOR PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY YEAR, THE FULL CORPORATION BOARDS ARE REQUIRED TO SIGN A CODE OF CONDUCT AND ETHICS POLICY ACKNOWLEDGEMENT TO FULLY ADHERE TO THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S OWN WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A COMMITTEE THAT OVERSEES THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,691,846
Liabilities
$907,123
Net assets
$1,784,723
Revenue
$152,928
Expenses
$112,791
Net income
$40,137
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.93$0.14$1.80$0.04$0.06$0.01
2024Detailed filing. Detailed filing data is available for this year.$2.13$0.32$1.81$0.11$0.08$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.41$0.62$1.79$0.11$0.10$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.69$0.91$1.78$0.15$0.11$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$1.58$1.74$0.16$0.13$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.50$1.79$1.71$0.27$0.13$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.99$0.43$1.57$0.14$0.13$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.01$0.45$1.56$0.21$0.11$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.94$0.47$1.47$0.23$0.17$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.84$0.43$1.41$0.21$0.25$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.89$0.44$1.45$0.17$0.15$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.78$0.36$1.42$0.10$0.15$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.12$1.47$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.14$1.39$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.02$1.45$0.06