Civic Intelligence

Vadnais Heights Economic Development Corporation

990 • Fiscal year 2020 • EIN 41-1524569

Jan 01, 2020 to Dec 31, 2020 • Filed on May 20, 2021

Organization ProfileWWW.VHEDC.COM
800 County Road E EVadnais Heights, MN 55127-7117

(651) 485-9532

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Net Margin

45th percentile

1.4%

Higher net margin than 45% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$60,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 64.2% of source-year revenue.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Asset Growth

54th percentile

2.7%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

33rd percentile

-31%

Faster revenue growth than 33% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$50,289

Up $1,304 (+2.7%) from 2019

Net Assets

Up

$50,289

Up $1,304 (+2.7%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin45th percentile

Revenue

Down

$93,523

Down $42,833 (-31%) from 2019

Expenses

Down

$92,219

Down $73,275 (-44%) from 2019

Net Income

Up

$1,304

Up $30,442 (+104%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$150K$100K$50K$0Assets 2010: $93,849Liabilities 2010: $0Net Assets 2010: $93,8492010Assets 2011: $92,429Liabilities 2011: $0Net Assets 2011: $92,4292011Assets 2012: $105,402Liabilities 2012: $0Net Assets 2012: $105,4022012Assets 2013: $99,797Liabilities 2013: $0Net Assets 2013: $99,7972013Assets 2014: $98,250Liabilities 2014: $0Net Assets 2014: $98,2502014Assets 2015: $99,060Liabilities 2015: $0Net Assets 2015: $99,0602015Assets 2016: $99,934Liabilities 2016: $0Net Assets 2016: $99,9342016Assets 2017: $103,765Liabilities 2017: $0Net Assets 2017: $103,7652017Assets 2018: $78,123Liabilities 2018: $0Net Assets 2018: $78,1232018Assets 2019: $48,985Liabilities 2019: $0Net Assets 2019: $48,9852019Assets 2020: $50,289Liabilities 2020: $0Net Assets 2020: $50,2892020Assets 2021: $66,072Liabilities 2021: $0Net Assets 2021: $66,0722021Assets 2022: $85,539Liabilities 2022: $0Net Assets 2022: $85,5392022Assets 2023: $88,690Liabilities 2023: $0Net Assets 2023: $88,6902023Assets 2024: $105,216Liabilities 2024: $0Net Assets 2024: $105,2162024

Highlighted filing

2020

Assets$50,289
Liabilities$0
Net Assets$50,289
Open 2020 Filing

Operations Trend

Revenue Growth33rd percentile

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

$200K$100K$0-$100KRevenue 2010: $28,886Expenses 2010: $30,342Net Income 2010: -$1,4562010Revenue 2011: $29,908Expenses 2011: $31,328Net Income 2011: -$1,4202011Revenue 2012: $51,083Expenses 2012: $38,110Net Income 2012: $12,9732012Revenue 2013: $45,030Expenses 2013: $50,635Net Income 2013: -$5,6052013Revenue 2014: $32,564Expenses 2014: $34,111Net Income 2014: -$1,5472014Revenue 2015: $61,044Expenses 2015: $60,234Net Income 2015: $8102015Revenue 2016: $103,669Expenses 2016: $102,795Net Income 2016: $8742016Revenue 2017: $157,454Expenses 2017: $153,623Net Income 2017: $3,8312017Revenue 2018: $172,505Expenses 2018: $198,147Net Income 2018: -$25,6422018Revenue 2019: $136,356Expenses 2019: $165,494Net Income 2019: -$29,1382019Revenue 2020: $93,523Expenses 2020: $92,219Net Income 2020: $1,3042020Revenue 2021: $154,975Expenses 2021: $139,192Net Income 2021: $15,7832021Revenue 2022: $112,741Expenses 2022: $93,274Net Income 2022: $19,4672022Revenue 2023: $106,006Expenses 2023: $102,855Net Income 2023: $3,1512023Revenue 2024: $128,365Expenses 2024: $111,839Net Income 2024: $16,5262024

Highlighted filing

2020

Revenue$93,523
Expenses$92,219
Net Income$1,304
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 20, 2021
Return Version
2020v4.1
Gross Receipts
$112,383
Mission and Program Overview

Mission

Our mission is to enhance economic development in the city of vadnais heights and the surrounding areas through the attraction, retention, and expansion of existing businesses and industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$48,985$50,289▲ $1,304
Savings and Temporary Cash Investments$32,705$32,796▲ $91
Cash and Non-Interest-Bearing Accounts$16,280$17,493▲ $1,213
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$48,985$50,289▲ $1,304
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$48,985$50,289▲ $1,304
Total Liabilities and Net Assets / Fund Balance$48,985$50,289▲ $1,304
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Liz MoscatelliExecutive DirectorPT$60,000$60,000

Board Members and Trustees

NameTitle
Ed JamborPresident
Scott HauptVice President
Becky BjorgumDirector
CINDY O'DONOVANDirector
Callie Koeniger Through 831Director
Christine Storms Through 930Director
Colette JurekDirector
Deborah GustafsonDirector
Eric JohannesDirector
Jill FunckDirector
Kevin WhelanDirector
Kyle SommerDirector
Mark DueaDirector
Marty WelchDirector
Mary Buerkle-grantDirector
Matthew Heimann Through 110Director
Mike PeltoDirector
Rob ThomasDirector
Sara StafkiDirector
Thomas VoegeleDirector
Wayne KazmierczakDirector
Joy Vander HeidenSecretary
Brian DeuelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$52,877
Program Service Revenue
$40,675
Investment Income
$90
Other Revenue
$-119
Change in Net Assets
$1,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$60,656
Other Expenses$31,563
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$60,000--$60,000
Information Technology$5,578--$5,578
Fees for Services Accounting-$4,000-$4,000
Insurance$1,215--$1,215
Other Expenses$1,176$900-$1,176
Other Salaries and Wages$601--$601
All Other Expenses-$504-$504
Office Expenses-$247-$247
Conferences and Meetings$179--$179
Payroll Taxes$55--$55
Total Functional Expenses$86,568$5,651$0$92,219
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,860
Fundraising Gross Income$18,741
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$14,896$12,496$5,579$6,917
Annual Dinner$10,670$6,245$5,507$738
Total Events$25,566$18,741$18,860$-119
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Any person, association, corporation, partnership or estate having an interest in the objectives of the organization shall be eligible to apply for memebership. Members must be in good standing with the state of minnesota and have a valid state tax identification number, federal tax identification number or social security number.”

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

“The membership of the organization votes to approve candidates onto the board of directors.”

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

“Members are required to approve certain changes (bylaws, articles, etc...), however no such changes took place during 2020.”

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

“The return is reviewed in detail by the treasurer and discussed with the executive committee.”

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

“Conflicts of interest are brought to the attention of the executive committeee to discuss the situation and determine whether or not to proceed with the relationship or to find an alternative approach.”

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

“Compensation structure of the executive director is reviewed annually by the executive committee. The structure is reviewed for affordability and fairness to both the employer and employee. Executive director is an independent contractor and part-time administrative assistant is an employee.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Vadnais Heights Economic Development
EIN
41-1524569
Phone
6514859532
Address
800 COUNTY ROAD E E, VADNAIS HEIGHTS, MN 55127-7117

Signing Officer

Name
Brian Deuel
Title
Treasurer
Phone
6514859532
Signed
2021-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Liz Moscatelli
Formed
1984
Legal Domicile
Mn
Voting Board Members
24
Independent Board Members
24
Employees
1
Volunteers
30

Preparer

Firm
Olsen Thielen & Co Ltd
Address
2675 LONG LAKE ROAD, ST PAUL, MN 55113
Preparer
Allison L Boyd CPA
Phone
6514834521
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IRS990/ActivityOrMissionDesc0OUR MISSION IS TO ENHANCE ECONOMIC DEVELOPMENT IN THE CITY OF VADNAIS HEIGHTS AND THE SURROUNDING AREAS THROUGH THE ATTRACTION, RETENTION, AND EXPANSION OF EXISTING BUSINESSES AND INDUSTRIES.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt06825
IRS990/FundraisingDirectExpensesAmt018860
IRS990/FundraisingGrossIncomeAmt018741
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GovernmentGrantsAmt046052
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0112383
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt05578
IRS990/InformationTechnologyGrp/TotalAmt05578
IRS990/InsuranceGrp/ProgramServicesAmt01215
IRS990/InsuranceGrp/TotalAmt01215
IRS990/InvestmentIncomeGrp/ExclusionAmt090
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt090
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OUR MISSION IS TO ENHANCE ECONOMIC DEVELOPMENT IN THE CITY OF VADNAIS HEIGHTS AND THE SURROUNDING AREAS THROUGH THE ATTRACTION, RETENTION, AND EXPANSION OF EXISTING BUSINESSES AND INDUSTRIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt048985
IRS990/NetAssetsOrFundBalancesEOYAmt050289
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-119
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-119
IRS990/NetUnrelatedBusTxblIncmAmt05404
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0247
IRS990/OfficeExpensesGrp/TotalAmt0247
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0INCOME TAX EXPENSE
IRS990/OtherExpensesGrp/Desc1GRANT EXPENSES
IRS990/OtherExpensesGrp/Desc2OTHER EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc3BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0900
IRS990/OtherExpensesGrp/ProgramServicesAmt09926
IRS990/OtherExpensesGrp/ProgramServicesAmt17838
IRS990/OtherExpensesGrp/ProgramServicesAmt21176
IRS990/OtherExpensesGrp/TotalAmt0900
IRS990/OtherExpensesGrp/TotalAmt19926
IRS990/OtherExpensesGrp/TotalAmt27838
IRS990/OtherExpensesGrp/TotalAmt31176
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0601
IRS990/OtherSalariesAndWagesGrp/TotalAmt0601
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt055
IRS990/PayrollTaxesGrp/TotalAmt055
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LIZ MOSCATELLI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1541800
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0INVESTOR DUES
IRS990/ProgramServiceRevenueGrp/Desc1ADVERTISING
IRS990/ProgramServiceRevenueGrp/Desc2EXPO AND OTHER EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt026597
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15070
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt026597
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19008
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25070
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt09008
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt040290
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0234
IRS990/PYOtherExpensesAmt096382
IRS990/PYOtherRevenueAmt016434
IRS990/PYProgramServiceRevenueAmt079398
IRS990/PYRevenuesLessExpensesAmt0-29138
IRS990/PYSalariesCompEmpBnftPaidAmt069112
IRS990/PYTotalExpensesAmt0165494
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0136356
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01304
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt040675
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt048985
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt050289
IRS990/SavingsAndTempCashInvstGrp/BOYAmt032705
IRS990/SavingsAndTempCashInvstGrp/EOYAmt032796
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt06825
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt02400
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt04425
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018860
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt014896
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt010670
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt025566
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt012496
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06245
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018741
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-119
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0100
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt0225
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0325
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011086
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05579
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05507
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt07449
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt07449
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY PERSON, ASSOCIATION, CORPORATION, PARTNERSHIP OR ESTATE HAVING AN INTEREST IN THE OBJECTIVES OF THE ORGANIZATION SHALL BE ELIGIBLE TO APPLY FOR MEMEBERSHIP. MEMBERS MUST BE IN GOOD STANDING WITH THE STATE OF MINNESOTA AND HAVE A VALID STATE TAX IDENTIFICATION NUMBER, FEDERAL TAX IDENTIFICATION NUMBER OR SOCIAL SECURITY NUMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP OF THE ORGANIZATION VOTES TO APPROVE CANDIDATES ONTO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ARE REQUIRED TO APPROVE CERTAIN CHANGES (BYLAWS, ARTICLES, ETC...), HOWEVER NO SUCH CHANGES TOOK PLACE DURING 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RETURN IS REVIEWED IN DETAIL BY THE TREASURER AND DISCUSSED WITH THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICTS OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEEE TO DISCUSS THE SITUATION AND DETERMINE WHETHER OR NOT TO PROCEED WITH THE RELATIONSHIP OR TO FIND AN ALTERNATIVE APPROACH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION STRUCTURE OF THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. THE STRUCTURE IS REVIEWED FOR AFFORDABILITY AND FAIRNESS TO BOTH THE EMPLOYER AND EMPLOYEE. EXECUTIVE DIRECTOR IS AN INDEPENDENT CONTRACTOR AND PART-TIME ADMINISTRATIVE ASSISTANT IS AN EMPLOYEE.

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Filings

Displayed year

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

Open filing
Assets
$50,289
Liabilities
$0
Net assets
$50,289
Revenue
$93,523
Expenses
$92,219
Net income
$1,304
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.00$1.05$1.28$1.12$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$1.06$1.03$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$1.13$0.93$0.19
2021Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$1.55$1.39$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.94$0.92$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$1.36$1.65$0.29
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$1.73$1.98$0.26
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$1.57$1.54$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$1.04$1.03$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.61$0.60$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.33$0.34$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.45$0.51$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.00$1.05$0.51$0.38$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.00$0.92$0.30$0.31$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.00$0.94$0.29$0.30$0.01