Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
13th percentile
Higher net margin than 13% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
26th percentile
Faster asset growth than 26% of similar nonprofits.
Revenue Growth
8th percentile
Faster revenue growth than 8% of similar nonprofits.
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
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $1,423,952 | $683,353 | $2,107,305 |
| Land | $232,028 | - | $232,028 |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 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 |
| Name | Title |
|---|---|
| Rich Murray | President |
| Brad Edwin | Director |
| Bryan Skogheim | Director |
| Larry Baker | Director |
| Sarah Nelson | Director |
| Tricia Dahl | Director |
| Mark Heinemann | Treasurer |
| Nate Jansen | Vice Preside |
| Contribution Type | Contribution Count | Reported Amount |
|---|---|---|
| Other Non Cash Contri Table | 1 | $41,244 |
| Total Noncash Contributions | 1 | $41,244 |
| Line Item | Amount |
|---|---|
| Other Expenses | $382,117 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $382,117 |
| Total Expenses per Audited Statements | $382,117 |
| Total Expenses per Form 990 | $382,117 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Accrued Interest | $5,023 |
“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.”
“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.”
“No documents available to the public.”
“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”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 10927 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 16319 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE AND PROMOTE SERVICES AND RESOURCES TO RETAIN, EXPAND, CREATE AND ATTRACT BUSINESSES AND PROVIDE QUALITY EMPLOYMENT OPPORTUNITIES TO FREEBORN COUNTY. |
| IRS990/AllOtherContributionsAmt | 0 | 41244 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | PHILLIP JOHNSON |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5073733930 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 132 N BROADWAY AVE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | ALBERT LEA |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 56007 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 579499 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 398739 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 67144 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 9461 |
| IRS990/CYOtherExpensesAmt | 0 | 382117 |
| IRS990/CYOtherRevenueAmt | 0 | 36037 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 221730 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -47745 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 382117 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 334372 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | true |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 2500 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 5200 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 56629 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 56629 |
| IRS990/Desc | 0 | INDUSTRIAL DEVELOPMENT - PURPOSE IS TO ASSIST IN THE GROWTH OF ALBERT LEA BY ATTRACTING NEW INDUSTRY AND ASSISTING IN THE EXPANSION OF EXISTING INDUSTRY. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 789059 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 857567 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | true |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 169626 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 16414 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 49254 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 65668 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | LARRY BAKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | TRICIA DAHL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | BRAD EDWIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | SARAH NELSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | BRYAN SKOGHEIM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MARK HEINEMANN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | NATE JANSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | RICH MURRAY |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1975 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 8 |
| IRS990/GovernmentGrantsAmt | 0 | 10000 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 334372 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 65613 |
| IRS990/InterestGrp/TotalAmt | 0 | 65613 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 1843178 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 1843174 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 9461 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 9461 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 8977 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 61735 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 683353 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1709908 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1655980 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 2339333 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembershipDuesAmt | 0 | 15900 |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | -1255 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | -1255 |
| IRS990/MissionDesc | 0 | TO PROVIDE AND PROMOTE SERVICES AND RESOURES TO RETAIN, EXPAND, CREATE AND ATTRACT BUSINESSES AND PROVIDE QUALITY EMPLOYMENT OPPORTUNITIES TO FREEBORN COUNTY. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 1231494 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 1195235 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 4154660 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 4107961 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3365601 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3250394 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NoncashContributionsAmt | 0 | 41244 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 86728 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 86728 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 716 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 716 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 42327 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 45579 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 1046 |
| IRS990/OtherExpensesGrp/Desc | 0 | OTHER SERVICES AND CHARGE |
| IRS990/OtherExpensesGrp/Desc | 1 | PROFESSIONAL SERVICES |
| IRS990/OtherExpensesGrp/Desc | 2 | OFFICE RENT |
| IRS990/OtherExpensesGrp/Desc | 3 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 12167 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 6113 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 2041 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 2219 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 58325 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 18339 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 6119 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 70492 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 24452 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 8160 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2219 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 4393 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 5023 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | ALRE GROUP 2024 GP K-1 |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | REAL ESTATE TAXES |
| IRS990/OtherRevenueMiscGrp/Desc | 2 | MISCELLANEOUS |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 30125 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 6169 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 2 | 998 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 30125 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 6169 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 2 | 998 |
| IRS990/OtherRevenueTotalAmt | 0 | 36037 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 642796 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 837505 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 1830 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 980 |
| IRS990/PrincipalOfficerNm | 0 | RICH MURRAY |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531120 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522291 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INDUSTRIAL PROPERTY RENT |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | INTEREST INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 194368 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 27362 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 194368 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 27362 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | ALBERT 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/ExpenseAmt | 0 | 172079 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 94265 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | LOCAL DEVELOPMENT ORGANIZATION - PURPOSE IS TO ESTABLISH A REVOLVING LOAN FUND THAT IS IN PLACE TO PROVIDE LOANS TO LOCAL BUSINESS ORGANIZATIONS. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 22 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 9921 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 65020 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 5977 |
| IRS990/PYOtherExpensesAmt | 0 | 387461 |
| IRS990/PYOtherRevenueAmt | 0 | 154151 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 236694 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 74381 |
| IRS990/PYTotalExpensesAmt | 0 | 387461 |
| IRS990/PYTotalRevenueAmt | 0 | 461842 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -47745 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 117544 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 575459 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 486046 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | false |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | true |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | false |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 789059 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 857567 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 23319 |
| IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt | 0 | -45189 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 738626 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 130449 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 789059 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 21135 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 101151 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 900195 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 738626 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 21830 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 183399 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 885898 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 900195 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 17866 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 3569 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 853231 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt | 0 | 3753 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 885898 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 32326 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 3412 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | false |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | false |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 382117 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 232028 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 232028 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 1423952 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 683353 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 2107305 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 5023 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | ACCRUED INTEREST |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 334372 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1655980 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 382117 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 5023 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 334372 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 334372 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 382117 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleM/AnyPropertyThatMustBeHeldInd | 0 | false |
| IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt | 0 | 1 |
| IRS990ScheduleM/OtherNonCashContriTableGrp/Desc | 0 | SERVICES |
| IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd | 0 | X |
| IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt | 0 | 41244 |
| IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd | 0 | false |
| IRS990ScheduleM/ThirdPartiesUsedInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | NO DOCUMENTS AVAILABLE TO THE PUBLIC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART XI, LINE 9 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | true |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 5329738 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 5403974 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 5329738 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 67144 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 40390 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 341727 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 382117 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1249314 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1221777 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1249314 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1221777 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 4154660 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 4107961 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 341727 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 221730 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 9461 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 257767 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 334372 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 5403974 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 5329738 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 720 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 720 |
| IRS990/TravelGrp/TotalAmt | 0 | 1440 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 8 |
| IRS990/VotingMembersIndependentCnt | 0 | 8 |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RICH MURRAY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5073733930 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GREATER JOBS INCORPORATED |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GREA |
| ReturnHeader/Filer/EIN | 0 | 411270326 |
| ReturnHeader/Filer/PhoneNum | 0 | 5073733930 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 370 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ALBERT LEA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 56007 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 410977548 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HONSTAD DIESER & MANGSKAU PLLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 135 S BROADWAY AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ALBERT LEA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 560072545 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5073732451 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JERRAD J HONSTAD |
| ReturnHeader/ReturnTs | 0 | 2025-11-17T14:26:09-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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