Civic Intelligence

Economic Development Assoication of Minnesota

990 • Fiscal year 2020 • EIN 41-1263666

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 08, 2021

Organization ProfileWWW.EDAM.ORG
4248 Park Glen RoadMinneapolis, MN 55416

(952) 928-4640

Siviq Scores

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

Liabilities / Assets

90th percentile

0.50x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

0.43x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

32nd percentile

-8.3%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

27th percentile

-10%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

-17%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$190,038

Down $21,713 (-10%) from 2019

Net Assets

Down

$95,223

Down $18,263 (-16%) from 2019

Liabilities

Down

$94,815

Down $3,450 (-3.5%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin32nd percentile

Revenue

Down

$220,326

Down $45,209 (-17%) from 2019

Expenses

Up

$238,589

Up $13,602 (+6.0%) from 2019

Net Income

Down

-$18,263

Down $58,811 (-145%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$400K$300K$200K$100K$0Assets 2010: $49,880Liabilities 2010: $14,3192010Assets 2011: $57,460Liabilities 2011: $22,6152011Assets 2012: $70,962Liabilities 2012: $6,542Net Assets 2012: $64,4202012Assets 2013: $145,096Liabilities 2013: $55,096Net Assets 2013: $90,0002013Assets 2014: $146,783Liabilities 2014: $55,556Net Assets 2014: $91,2272014Assets 2015: $146,653Liabilities 2015: $69,456Net Assets 2015: $77,1972015Assets 2016: $172,021Liabilities 2016: $79,324Net Assets 2016: $92,6972016Assets 2017: $126,799Liabilities 2017: $63,321Net Assets 2017: $63,4782017Assets 2018: $170,801Liabilities 2018: $97,863Net Assets 2018: $72,9382018Assets 2019: $211,751Liabilities 2019: $98,265Net Assets 2019: $113,4862019Assets 2020: $190,038Liabilities 2020: $94,815Net Assets 2020: $95,2232020Assets 2021: $218,307Liabilities 2021: $59,303Net Assets 2021: $159,0042021Assets 2022: $281,010Liabilities 2022: $88,207Net Assets 2022: $192,8032022Assets 2023: $289,792Liabilities 2023: $84,598Net Assets 2023: $205,1942023Assets 2024: $335,833Liabilities 2024: $111,932Net Assets 2024: $223,9012024

Highlighted filing

2020

Assets$190,038
Liabilities$94,815
Net Assets$95,223
Open 2020 Filing

Operations Trend

Revenue Growth54th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $130,758Expenses 2010: $147,640Net Income 2010: -$16,8822010Revenue 2011: $130,066Expenses 2011: $130,782Net Income 2011: -$7162011Revenue 2012: $180,281Expenses 2012: $150,706Net Income 2012: $29,5752012Revenue 2013: $207,873Expenses 2013: $182,293Net Income 2013: $25,5802013Revenue 2014: $156,695Expenses 2014: $155,468Net Income 2014: $1,2272014Revenue 2015: $221,614Expenses 2015: $235,644Net Income 2015: -$14,0302015Revenue 2016: $233,011Expenses 2016: $217,511Net Income 2016: $15,5002016Revenue 2017: $251,242Expenses 2017: $280,461Net Income 2017: -$29,2192017Revenue 2018: $250,693Expenses 2018: $241,233Net Income 2018: $9,4602018Revenue 2019: $265,535Expenses 2019: $224,987Net Income 2019: $40,5482019Revenue 2020: $220,326Expenses 2020: $238,589Net Income 2020: -$18,2632020Revenue 2021: $266,744Expenses 2021: $202,963Net Income 2021: $63,7812021Revenue 2022: $278,119Expenses 2022: $244,320Net Income 2022: $33,7992022Revenue 2023: $305,985Expenses 2023: $293,594Net Income 2023: $12,3912023Revenue 2024: $322,001Expenses 2024: $303,294Net Income 2024: $18,7072024

Highlighted filing

2020

Revenue$220,326
Expenses$238,589
Net Income-$18,263
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 8, 2021
Return Version
2020v4.1
Gross Receipts
$220,326
Mission and Program Overview

Mission

To champion economic development in minnesota through education, collaboration, and advocacy. Edam is a professional association of individuals and organizations throughout the state of minnesota who share this mission. We pursue our mission by providing development professionals a forum for exchanging information and staying abreast of current economic development strategies and practices and by proving economic developers with valuable networking and educational opportunities. Edam members are leading economic developers in the state of minnesota. Edam consults with the state on public policy issuers related to economic development and helps continually define and improve the profession.

Edam is a professional association of individuals and organizations that provides development professionals a forum for exchanging information to stay abreast of current economic development strategies and practices and by providing economic developers with valuable networking and education opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$201,969$159,238▼ $42,731
Rtn Earn Endowment Incm Other Fnds$113,486$95,223▼ $18,263
Prepaid Expenses and Deferred Charges$9,582$15,710▲ $6,128
Accounts Receivable$200$15,090▲ $14,890
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$211,751$190,038▼ $21,713
Liabilities
Deferred Revenue$85,105$74,730▼ $10,375
Accounts Payable and Accrued Expenses$13,160$19,885▲ $6,725
Other Liabilities$0$200▲ $200
Total Liabilities$98,265$94,815▼ $3,450
Net Assets / Fund Balance
Total Net Assets Fund Balance$113,486$95,223▼ $18,263
Total Liabilities and Net Assets / Fund Balance$211,751$190,038▼ $21,713
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Matt BrownPast President
Kim LindquistPresident
Morgan HillFirst Vice President
Samantha DimaggioSecond Vice President
Christopher EngDirector
Christy LewisDirector
Eric MaassDirector
Kati BachmayerDirector
Ling BeckerDirector
Linsey PreussDirector
Lucas EvensonDirector
Meredith UdoibokDirector
Rick HowdenDirector
Tim KorbyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$13,000
Program Service Revenue
$192,209
Investment Income
$27
Other Revenue
$15,090
All Other Contributions
$13,000
Change in Net Assets
$-18,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$233,589
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$94,997
Conferences and Meetings---$61,746
Fees for Services Lobbying---$23,208
Advertising---$6,238
Grants to Domestic Orgs---$5,000
Insurance---$1,838
Fees for Services Accounting---$1,610
Other Expenses---$1,354
Fees for Services Other---$1,039
Office Expenses---$657
All Other Expenses---$520
Total Functional Expenses$0$0$0$238,589
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minnesota Economic Development FoundationRoseville, MN501(c)3To Support Mission of Building Stronger Mn Communitites Through Economic Development Outreach, Education, Training and Research Initiatives.$5,000
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$24,096
Total Nondeductible Lobbying and Political Cost$24,096
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mn Economic Development Foundation$200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Economic development of minnesota has delegated day to day management of the organization's affairs to the harrington company, a professional business and trade association management company.”

Form 990, Part VI, Section A, Line 6

“The organization is a membership association.”

Form 990, Part VI, Section A, Line 7A

“The board of directors notifies all voting members of positions available on the board of directors with terms expiring during the ensuing year. The nominating committee selects the candidates and notifies the board of directors of their recommended candidates. The voting membership is notified and invited to select their chosen candidates via electronic ballot.”

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

“Form 990 is provided to the board for review prior to filing.”

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

“Any possible conflict of interest will be disclosed and made a matter of record when the interest becomes subject to and requires some action. All management company employees are required to complete a written disclosure statement.”

Form 990, Part VI, Section B, Line 15B

“The board of directors annually reviews the managment contract. Industry guides are utilized in the discussion.”

Form 990, Part VI, Section C, Line 19

“All information returns and statements are available to be viewed by the public upon written request to the organization at the organization's stated address by appointment.”

Filing and Contact Details

Filer

Filer Name
Economic Development Association
EIN
41-1263666
Phone
9529284640
Address
4248 PARK GLEN ROAD, MINNEAPOLIS, MN 55416

Signing Officer

Name
Kim Lindquist
Title
President
Phone
9529284640
Signed
2021-06-08

Organization Details

Principal Officer
Kim Lindquist
Formed
1973
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
50

Preparer

Firm
Smith Schafer & Associates Ltd
Address
7500 HIGHWAY 55 SUITE 350, MINNEAPOLIS, MN 55427
Preparer
Adam Kellerhals
Phone
9529201455
Raw XML AppendixShowing 400 of 401 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.

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IRS990/OtherExpensesGrp/TotalAmt31354
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0200
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0IEDC COURSE ADMIN REIM
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015090
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015090
IRS990/OtherRevenueTotalAmt015090
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09582
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015710
IRS990/PrincipalOfficerNm0KIM LINDQUIST
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1CONFERENCES AND MEETIN
IRS990/ProgramServiceRevenueGrp/Desc2LEGISLATIVE LUNCHEON
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0121093
IRS990/ProgramServiceRevenueGrp/ExclusionAmt170916
IRS990/ProgramServiceRevenueGrp/ExclusionAmt2200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0121093
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt170916
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2200
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt029250
IRS990/PYGrantsAndSimilarPaidAmt05500
IRS990/PYInvestmentIncomeAmt033
IRS990/PYOtherExpensesAmt0219487
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0236252
IRS990/PYRevenuesLessExpensesAmt040548
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0224987
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0265535
IRS990/ReconcilationRevenueExpnssAmt0-18263
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt083916
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0113486
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt095223
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AggregateReportedDuesNtcAmt024219
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt0121093
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt024096
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt024096
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt0-123
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MN ECONOMIC DEVELOPMENT FOUNDATION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0200
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt05000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT MISSION OF BUILDING STRONGER MN COMMUNITITES THROUGH ECONOMIC DEVELOPMENT OUTREACH, EDUCATION, TRAINING AND RESEARCH INITIATIVES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0020684826
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01769 LEXINGTON AVE N SUITE 339
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROSEVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055113
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ECONOMIC DEVELOPMENT OF MINNESOTA HAS DELEGATED DAY TO DAY MANAGEMENT OF THE ORGANIZATION'S AFFAIRS TO THE HARRINGTON COMPANY, A PROFESSIONAL BUSINESS AND TRADE ASSOCIATION MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A MEMBERSHIP ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS NOTIFIES ALL VOTING MEMBERS OF POSITIONS AVAILABLE ON THE BOARD OF DIRECTORS WITH TERMS EXPIRING DURING THE ENSUING YEAR. THE NOMINATING COMMITTEE SELECTS THE CANDIDATES AND NOTIFIES THE BOARD OF DIRECTORS OF THEIR RECOMMENDED CANDIDATES. THE VOTING MEMBERSHIP IS NOTIFIED AND INVITED TO SELECT THEIR CHOSEN CANDIDATES VIA ELECTRONIC BALLOT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY POSSIBLE CONFLICT OF INTEREST WILL BE DISCLOSED AND MADE A MATTER OF RECORD WHEN THE INTEREST BECOMES SUBJECT TO AND REQUIRES SOME ACTION. ALL MANAGEMENT COMPANY EMPLOYEES ARE REQUIRED TO COMPLETE A WRITTEN DISCLOSURE STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE MANAGMENT CONTRACT. INDUSTRY GUIDES ARE UTILIZED IN THE DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL INFORMATION RETURNS AND STATEMENTS ARE AVAILABLE TO BE VIEWED BY THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION AT THE ORGANIZATION'S STATED ADDRESS BY APPOINTMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0211751
IRS990/TotalAssetsEOYAmt0190038
IRS990/TotalAssetsGrp/BOYAmt0211751
IRS990/TotalAssetsGrp/EOYAmt0190038
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt013000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0238589
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt098265
IRS990/TotalLiabilitiesEOYAmt094815
IRS990/TotalLiabilitiesGrp/BOYAmt098265
IRS990/TotalLiabilitiesGrp/EOYAmt094815
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0113486
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt095223
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt061625
IRS990/TotalProgramServiceRevenueAmt0192209
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0192236
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015090
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0220326
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0211751
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0190038
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04248 PARK GLEN ROAD
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055416
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.EDAM.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM LINDQUIST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09529284640
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ECONOMIC DEVELOPMENT ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF MINNESOTA
ReturnHeader/Filer/BusinessNameControlTxt0ECON
ReturnHeader/Filer/EIN0411263666
ReturnHeader/Filer/PhoneNum09529284640
ReturnHeader/Filer/USAddress/AddressLine1Txt04248 PARK GLEN ROAD
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055416
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411489071
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH SCHAFER & ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07500 HIGHWAY 55 SUITE 350
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055427
ReturnHeader/PreparerPersonGrp/PhoneNum09529201455
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADAM KELLERHALS
ReturnHeader/ReturnTs02021-06-28T08:05:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KIM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LINDQUIST
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$190,038
Liabilities
$94,815
Net assets
$95,223
Revenue
$220,326
Expenses
$238,589
Net income
-$18,263
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.36$1.12$2.24$3.22$3.03$0.19
2023Detailed filing. Detailed filing data is available for this year.$2.90$0.85$2.05$3.06$2.94$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.81$0.88$1.93$2.78$2.44$0.34
2021Detailed filing. Detailed filing data is available for this year.$2.18$0.59$1.59$2.67$2.03$0.64
2020Detailed filing. Detailed filing data is available for this year.$1.90$0.95$0.95$2.20$2.39$0.18
2019Detailed filing. Detailed filing data is available for this year.$2.12$0.98$1.13$2.66$2.25$0.41
2018Detailed filing. Detailed filing data is available for this year.$1.71$0.98$0.73$2.51$2.41$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.63$0.63$2.51$2.80$0.29
2016Detailed filing. Detailed filing data is available for this year.$1.72$0.79$0.93$2.33$2.18$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.47$0.69$0.77$2.22$2.36$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.47$0.56$0.91$1.57$1.55$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.45$0.55$0.90$2.08$1.82$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.07$0.64$1.80$1.51$0.30
2011Summary only. Only limited summary data is available for this year.$0.57$0.23$1.30$1.31$0.01
2010Summary only. Only limited summary data is available for this year.$0.50$0.14$1.31$1.48$0.17