Civic Intelligence

Greater Jobs Incorporated

EIN 41-1270326 • 501(c)4 • Albert Lea, MN

Profile

To provide and promote services and resoures to retain, expand, create and attract businesses and provide quality employment opportunities to freeborn county.

PO Box 370Albert Lea, MN 56007

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.23x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

3.65x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Net Margin

13th percentile

-14%

Higher net margin than 13% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

-1.4%

Faster asset growth than 26% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-28%

Faster revenue growth than 8% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$5,329,738

Down $74,236 (-1.4%) from 2023

Liabilities

Down

$1,221,777

Down $27,537 (-2.2%) from 2023

Net Assets

Down

$4,107,961

Down $46,699 (-1.1%) from 2023

Revenue

Down

$334,372

Down $127,470 (-28%) from 2023

Expenses

Down

$382,117

Down $5,344 (-1.4%) from 2023

Net Income

Down

-$47,745

Down $122,126 (-164%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $3,866,937Liabilities 2011: $478,715Net Assets 2011: $3,388,2222011Assets 2012: $4,652,154Liabilities 2012: $650,135Net Assets 2012: $4,002,0192012Assets 2013: $4,873,964Liabilities 2013: $895,802Net Assets 2013: $3,978,1622013Assets 2014: $4,833,621Liabilities 2014: $817,727Net Assets 2014: $4,015,8942014Assets 2015: $4,693,061Liabilities 2015: $625,972Net Assets 2015: $4,067,0892015Assets 2016: $4,698,332Liabilities 2016: $593,761Net Assets 2016: $4,104,5712016Assets 2017: $4,664,792Liabilities 2017: $551,540Net Assets 2017: $4,113,2522017Assets 2018: $5,680,433Liabilities 2018: $1,531,885Net Assets 2018: $4,148,5482018Assets 2019: $5,657,167Liabilities 2019: $1,478,847Net Assets 2019: $4,178,3202019Assets 2020: $5,644,342Liabilities 2020: $1,397,385Net Assets 2020: $4,246,9572020Assets 2021: $5,591,953Liabilities 2021: $1,329,877Net Assets 2021: $4,262,0762021Assets 2022: $5,371,975Liabilities 2022: $1,292,085Net Assets 2022: $4,079,8902022Assets 2023: $5,403,974Liabilities 2023: $1,249,314Net Assets 2023: $4,154,6602023Assets 2024: $5,329,738Liabilities 2024: $1,221,777Net Assets 2024: $4,107,9612024

Highlighted filing

2024

Assets$5,329,738
Liabilities$1,221,777
Net Assets$4,107,961

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $431,567Expenses 2011: $196,390Net Income 2011: $235,1772011Revenue 2012: $827,430Expenses 2012: $213,633Net Income 2012: $613,7972012Revenue 2013: $194,903Expenses 2013: $218,760Net Income 2013: -$23,8572013Revenue 2014: $280,109Expenses 2014: $242,375Net Income 2014: $37,7342014Revenue 2015: $284,583Expenses 2015: $233,388Net Income 2015: $51,1952015Revenue 2016: $265,531Expenses 2016: $228,049Net Income 2016: $37,4822016Revenue 2017: $234,550Expenses 2017: $225,869Net Income 2017: $8,6812017Revenue 2018: $357,432Expenses 2018: $322,136Net Income 2018: $35,2962018Revenue 2019: $364,424Expenses 2019: $334,652Net Income 2019: $29,7722019Revenue 2020: $376,960Expenses 2020: $308,323Net Income 2020: $68,6372020Revenue 2021: $324,294Expenses 2021: $309,175Net Income 2021: $15,1192021Revenue 2022: $338,379Expenses 2022: $520,565Net Income 2022: -$182,1862022Revenue 2023: $461,842Expenses 2023: $387,461Net Income 2023: $74,3812023Revenue 2024: $334,372Expenses 2024: $382,117Net Income 2024: -$47,7452024

Highlighted filing

2024

Revenue$334,372
Expenses$382,117
Net Income-$47,745

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.33$1.22$4.11$0.33$0.38$0.05
2023Detailed filing. Detailed filing data is available for this year.$5.40$1.25$4.15$0.46$0.39$0.07
2022Detailed filing. Detailed filing data is available for this year.$5.37$1.29$4.08$0.34$0.52$0.18
2021Detailed filing. Detailed filing data is available for this year.$5.59$1.33$4.26$0.32$0.31$0.02
2020Detailed filing. Detailed filing data is available for this year.$5.64$1.40$4.25$0.38$0.31$0.07
2019Detailed filing. Detailed filing data is available for this year.$5.66$1.48$4.18$0.36$0.33$0.03
2018Detailed filing. Detailed filing data is available for this year.$5.68$1.53$4.15$0.36$0.32$0.04
2017Detailed filing. Detailed filing data is available for this year.$4.66$0.55$4.11$0.23$0.23$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.70$0.59$4.10$0.27$0.23$0.04
2015Detailed filing. Detailed filing data is available for this year.$4.69$0.63$4.07$0.28$0.23$0.05
2014Detailed filing. Detailed filing data is available for this year.$4.83$0.82$4.02$0.28$0.24$0.04
2013Detailed filing. Detailed filing data is available for this year.$4.87$0.90$3.98$0.19$0.22$0.02
2012Summary only. Only limited summary data is available for this year.$4.65$0.65$4.00$0.83$0.21$0.61
2011Summary only. Only limited summary data is available for this year.$3.87$0.48$3.39$0.43$0.20$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.0
Gross Receipts
$334,372
Mission and Program Overview

Mission

To provide and promote services

To provide and promote services and resources to retain, expand, create and attract businesses and provide quality employment opportunities to freeborn county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$1,843,178$1,843,174▼ $4
Land, Buildings, and Equipment, Net$1,709,908$1,655,980▼ $53,928
Other Notes and Loans Receivable, Net$642,796$837,505▲ $194,709
Savings and Temporary Cash Investments$575,459$486,046▼ $89,413
Cash and Non-Interest-Bearing Accounts$579,499$398,739▼ $180,760
Investments in Publicly Traded Securities$8,977$61,735▲ $52,758
Prepaid Expenses and Deferred Charges$1,830$980▼ $850
Total Assets$5,403,974$5,329,738▼ $74,236
Other Assets Total$42,327$45,579▲ $3,252
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,231,494$1,195,235▼ $36,259
Accounts Payable and Accrued Expenses$10,927$16,319▲ $5,392
Deferred Revenue$2,500$5,200▲ $2,700
Other Liabilities$4,393$5,023▲ $630
Total Liabilities$1,249,314$1,221,777▼ $27,537
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,365,601$3,250,394▼ $115,207
Net Assets With Donor Restrictions$789,059$857,567▲ $68,508
Total Net Assets Fund Balance$4,154,660$4,107,961▼ $46,699
Total Liabilities and Net Assets / Fund Balance$5,403,974$5,329,738▼ $74,236

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,423,952$683,353$2,107,305
Land$232,028-$232,028

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$789,059-▲ $23,319$-45,189$857,567
2023$738,626$130,449▲ $21,135$101,151$789,059
2022$900,195-▲ $21,830$183,399$738,626
2021$885,898-▲ $17,866$3,569$900,195
2020$853,231$3,753▲ $32,326$3,412$885,898
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rich MurrayPresident
Brad EdwinDirector
Bryan SkogheimDirector
Larry BakerDirector
Sarah NelsonDirector
Tricia DahlDirector
Mark HeinemannTreasurer
Nate JansenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$67,144
Program Service Revenue
$221,730
Investment Income
$9,461
Other Revenue
$36,037
All Other Contributions
$41,244
Change in Net Assets
$-47,745

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$41,244
Total Noncash Contributions1$41,244

Audited Revenue Reconciliation

Revenue per Audited Statements
$334,372
Total Revenue per Audited Statements
$334,372
Total Revenue per Form 990
$334,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$382,117
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
Occupancy$86,728--$86,728
Fees for Services Management$49,254$16,414-$65,668
Interest$65,613--$65,613
Depreciation Depletion$56,629--$56,629
Other Expenses$6,119$2,219-$2,219
Travel$720$720-$1,440
Office Expenses-$716-$716
Total Functional Expenses$341,727$40,390$0$382,117

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$382,117
Total Expenses per Audited Statements$382,117
Total Expenses per Form 990$382,117
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
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$5,023
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 11B

The process the organization uses to review form 990 is to provide annual data to the accounting firm. Once the return is prepared, the director reviews the return and notes any changes, if needed. Once changes are made, the return is processed, signed and filed.

Form 990, Page 6, Part VI, Line 12C

Management makes sure that up to the date signed conflict disclosures are on file and that staff is mindful of possible conflicts when hiring contractors.

Form 990, Page 6, Part VI, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Greater Jobs Incorporated
EIN
41-1270326
Phone
5073733930
Address
PO BOX 370, ALBERT LEA, MN 56007

Signing Officer

Name
Rich Murray
Title
President
Phone
5073733930
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rich Murray
Formed
1975
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Honstad Dieser & Mangskau Pllp
Address
135 S BROADWAY AVE, ALBERT LEA, MN 56007-2545
Preparer
Jerrad J Honstad
Phone
5073732451
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

K-1 timing items: 2023 combined k-1 loss -389 k-1 timing items: 2024 alre fund loss 1,862 k-1 timing items: 2024 alre gp income -427 total 1,046

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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/ProgSrvcAccomActy2Grp/Desc0ALBERT LEA BUSINESS DEVELOPMENT CENTER - A BUSINESS INCUBATOR, ONE OF THE FEW IN MINNESOTA WHICH OFFERS THE ENTREPRENEURS A QUALITY SPACE, FREE BUSINESS SERVICES AND PROFESSIONAL LINKS TO START-UP BUSINESSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0172079
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt094265
IRS990/ProgSrvcAccomActy3Grp/Desc0LOCAL DEVELOPMENT ORGANIZATION - PURPOSE IS TO ESTABLISH A REVOLVING LOAN FUND THAT IS IN PLACE TO PROVIDE LOANS TO LOCAL BUSINESS ORGANIZATIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt022
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt09921
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt065020
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05977
IRS990/PYOtherExpensesAmt0387461
IRS990/PYOtherRevenueAmt0154151
IRS990/PYProgramServiceRevenueAmt0236694
IRS990/PYRevenuesLessExpensesAmt074381
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IRS990/PYTotalRevenueAmt0461842
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleC/OnlyInHouseLobbyingInd0true
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0857567
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt023319
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0-45189
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0738626
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0130449
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0789059
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt021135
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0101151
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0900195
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0738626
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt021830
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0183399
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROCESS THE ORGANIZATION USES TO REVIEW FORM 990 IS TO PROVIDE ANNUAL DATA TO THE ACCOUNTING FIRM. ONCE THE RETURN IS PREPARED, THE DIRECTOR REVIEWS THE RETURN AND NOTES ANY CHANGES, IF NEEDED. ONCE CHANGES ARE MADE, THE RETURN IS PROCESSED, SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT MAKES SURE THAT UP TO THE DATE SIGNED CONFLICT DISCLOSURES ARE ON FILE AND THAT STAFF IS MINDFUL OF POSSIBLE CONFLICTS WHEN HIRING CONTRACTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3K-1 TIMING ITEMS: 2023 COMBINED K-1 LOSS -389 K-1 TIMING ITEMS: 2024 ALRE FUND LOSS 1,862 K-1 TIMING ITEMS: 2024 ALRE GP INCOME -427 TOTAL 1,046
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0341727
IRS990/TotalFunctionalExpensesGrp/TotalAmt0382117
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01249314
IRS990/TotalLiabilitiesEOYAmt01221777
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IRS990/TotalLiabilitiesGrp/EOYAmt01221777
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IRS990/TotalProgramServiceExpensesAmt0341727
IRS990/TotalProgramServiceRevenueAmt0221730
IRS990/TotalRevenueGrp/ExclusionAmt09461
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0334372
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05329738
IRS990/TravelGrp/ManagementAndGeneralAmt0720
IRS990/TravelGrp/ProgramServicesAmt0720
IRS990/TravelGrp/TotalAmt01440
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICH MURRAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05073733930
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREATER JOBS INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0411270326
ReturnHeader/Filer/PhoneNum05073733930
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 370
ReturnHeader/Filer/USAddress/CityNm0ALBERT LEA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056007
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410977548
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HONSTAD DIESER & MANGSKAU PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0135 S BROADWAY AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBERT LEA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0560072545
ReturnHeader/PreparerPersonGrp/PhoneNum05073732451
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JERRAD J HONSTAD
ReturnHeader/ReturnTs02025-11-17T14:26:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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