Civic Intelligence

Economic Development Assoication of Minnesota

990 • Fiscal year 2021 • EIN 41-1263666

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 13, 2022

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

84th percentile

0.27x

Higher debt load relative to assets than 84% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.22x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

74th percentile

24%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

63rd percentile

15%

Faster asset growth than 63% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

67th percentile

21%

Faster revenue growth than 67% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$218,307

Up $28,269 (+15%) from 2020

Net Assets

Up

$159,004

Up $63,781 (+67%) from 2020

Liabilities

Down

$59,303

Down $35,512 (-37%) from 2020

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin74th percentile

Revenue

Up

$266,744

Up $46,418 (+21%) from 2020

Expenses

Down

$202,963

Down $35,626 (-15%) from 2020

Net Income

Up

$63,781

Up $82,044 (+449%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2021

Assets$218,307
Liabilities$59,303
Net Assets$159,004
Open 2021 Filing

Operations Trend

Revenue Growth67th 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

2021

Revenue$266,744
Expenses$202,963
Net Income$63,781
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 13, 2022
Return Version
2021v4.2
Gross Receipts
$266,744
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 economic development professionals a forum for exchanging information and staying abreast of current economic development strategies and practices and by providing 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 issues related to economic development and helps continually define and improve the profession.

Edam is a professional association of individuals and organizations that provides economic 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$159,238$190,169▲ $30,931
Rtn Earn Endowment Incm Other Fnds$95,223$159,004▲ $63,781
Prepaid Expenses and Deferred Charges$15,710$15,983▲ $273
Accounts Receivable$15,090$12,155▼ $2,935
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$190,038$218,307▲ $28,269
Liabilities
Deferred Revenue$74,730$50,970▼ $23,760
Accounts Payable and Accrued Expenses$19,885$8,333▼ $11,552
Other Liabilities$200$0▼ $200
Total Liabilities$94,815$59,303▼ $35,512
Net Assets / Fund Balance
Total Net Assets Fund Balance$95,223$159,004▲ $63,781
Total Liabilities and Net Assets / Fund Balance$190,038$218,307▲ $28,269
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Kim LindquistPast President
Morgan HillPresident
Samantha DimaggioFirst Vice President
Kati BachmayerSecond Vice President
Christy LewisDirector
Eric MaassDirector
Jason BrissonDirector
Kathi SchaffDirector
Keith DahlDirector
Ling Becker ResignedDirector
Linsey PreussDirector
Lucas EvensonDirector
Meredith UdoibokDirector
Rick HowdenDirector
Tim KorbyDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Harrington CompanyManagement4248 PARK GLEN ROAD, St Louis Park, MN 55416$110,883
Revenue and Support

Revenue Composition

Contributions and Grants
$49,392
Program Service Revenue
$208,114
Investment Income
$25
Other Revenue
$9,213
All Other Contributions
$29,750
Change in Net Assets
$63,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$202,963
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$110,883
Conferences and Meetings---$51,258
Fees for Services Lobbying---$20,325
Advertising---$3,613
Insurance---$1,921
Fees for Services Accounting---$1,660
Other Expenses---$661
Office Expenses---$455
All Other Expenses---$219
Fees for Services Other---$100
Total Functional Expenses$0$0$0$202,963
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$21,681
Total Nondeductible Lobbying and Political Cost$21,681
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. A call for applicants is issued to all eligible members. The nominating committee selects the candidates from among the applicants 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
Morgan Hill
Title
President
Phone
9529284640
Signed
2022-09-13

Organization Details

Principal Officer
Morgan Hill
Formed
1973
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
52

Preparer

Firm
Smith Schafer & Associates Ltd
Address
7500 HIGHWAY 55 SUITE 350, MINNEAPOLIS, MN 55427
Preparer
Adam Kellerhals
Phone
9529201455
Raw XML Appendix397 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/Form990PartVIISectionAGrp/TitleTxt0FIRST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECOND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/MissionDesc0TO 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 ECONOMIC DEVELOPMENT PROFESSIONALS A FORUM FOR EXCHANGING INFORMATION AND STAYING ABREAST OF CURRENT ECONOMIC DEVELOPMENT STRATEGIES AND PRACTICES AND BY PROVIDING 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 ISSUES RELATED TO ECONOMIC DEVELOPMENT AND HELPS CONTINUALLY DEFINE AND IMPROVE THE PROFESSION.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0159004
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt0455
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc1WEB DESIGN UPDATES
IRS990/OtherExpensesGrp/Desc2CONTINUING EDUCATION
IRS990/OtherExpensesGrp/Desc3IEDC COURSE ADMIN
IRS990/OtherExpensesGrp/TotalAmt05936
IRS990/OtherExpensesGrp/TotalAmt14578
IRS990/OtherExpensesGrp/TotalAmt21354
IRS990/OtherExpensesGrp/TotalAmt3661
IRS990/OtherLiabilitiesGrp/BOYAmt0200
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0IEDC COURSE ADMIN REIM
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09213
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09213
IRS990/OtherRevenueTotalAmt09213
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015710
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015983
IRS990/PrincipalOfficerNm0MORGAN HILL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1CONFERENCES AND MEETIN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0120786
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt187328
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0120786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt187328
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt013000
IRS990/PYGrantsAndSimilarPaidAmt05000
IRS990/PYInvestmentIncomeAmt027
IRS990/PYOtherExpensesAmt0233589
IRS990/PYOtherRevenueAmt015090
IRS990/PYProgramServiceRevenueAmt0192209
IRS990/PYRevenuesLessExpensesAmt0-18263
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0238589
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0220326
IRS990/ReconcilationRevenueExpnssAmt063781
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0217327
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt095223
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0159004
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AggregateReportedDuesNtcAmt024157
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt0120786
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt021681
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt021681
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt0-2476
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. A CALL FOR APPLICANTS IS ISSUED TO ALL ELIGIBLE MEMBERS. THE NOMINATING COMMITTEE SELECTS THE CANDIDATES FROM AMONG THE APPLICANTS 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/TotalAssetsBOYAmt0190038
IRS990/TotalAssetsEOYAmt0218307
IRS990/TotalAssetsGrp/BOYAmt0190038
IRS990/TotalAssetsGrp/EOYAmt0218307
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt049392
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202963
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt094815
IRS990/TotalLiabilitiesEOYAmt059303
IRS990/TotalLiabilitiesGrp/BOYAmt094815
IRS990/TotalLiabilitiesGrp/EOYAmt059303
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt095223
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0159004
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt051142
IRS990/TotalProgramServiceRevenueAmt0208114
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt025
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0217327
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0266744
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt052
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0190038
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0218307
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/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MORGAN HILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09529284640
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-13
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/PreparationDt02022-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADAM KELLERHALS
ReturnHeader/ReturnTs02022-09-15T09:43:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MORGAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HILL
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$218,307
Liabilities
$59,303
Net assets
$159,004
Revenue
$266,744
Expenses
$202,963
Net income
$63,781
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