Civic Intelligence

Economic Initiatives Of

EIN 41-1611187 • 501(c)6 • Cannon Falls, MN

Profile

This organization was formed to invite and assist new businesses to locate in cannon falls, minnesota.

28800 Gaylord AveCannon Falls, MN 55009

n/A

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.00x

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

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

100th percentile

95%

Higher net margin than 100% of similar nonprofits.

501(c)6 • $500k-$1M 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

49th percentile

3.4%

Faster asset growth than 49% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

21%

Faster revenue growth than 78% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$664,711

Up $21,833 (+3.4%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$664,711

Up $21,833 (+3.4%) from 2023

Operations
Liabilities / Revenue26th percentileNet Margin100th percentile

Revenue

Up

$23,089

Up $3,941 (+21%) from 2023

Expenses

Down

$1,256

Down $854 (-40%) from 2023

Net Income

Up

$21,833

Up $4,795 (+28%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

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

$800K$600K$400K$200K$0Assets 2010: $563,723Liabilities 2010: $0Net Assets 2010: $563,7232010Assets 2011: $565,682Liabilities 2011: $0Net Assets 2011: $565,6822011Assets 2012: $568,102Liabilities 2012: $0Net Assets 2012: $568,1022012Assets 2013: $572,898Liabilities 2013: $0Net Assets 2013: $572,8982013Assets 2014: $582,283Liabilities 2014: $0Net Assets 2014: $582,2832014Assets 2015: $588,776Liabilities 2015: $0Net Assets 2015: $588,7762015Assets 2016: $595,975Liabilities 2016: $0Net Assets 2016: $595,9752016Assets 2017: $594,548Liabilities 2017: $0Net Assets 2017: $594,5482017Assets 2018: $600,588Liabilities 2018: $0Net Assets 2018: $600,5882018Assets 2019: $602,151Liabilities 2019: $0Net Assets 2019: $602,1512019Assets 2020: $609,244Liabilities 2020: $0Net Assets 2020: $609,2442020Assets 2021: $615,617Liabilities 2021: $0Net Assets 2021: $615,6172021Assets 2022: $625,840Liabilities 2022: $0Net Assets 2022: $625,8402022Assets 2023: $642,878Liabilities 2023: $0Net Assets 2023: $642,8782023Assets 2024: $664,711Liabilities 2024: $0Net Assets 2024: $664,7112024

Highlighted filing

2024

Assets$664,711
Liabilities$0
Net Assets$664,711
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

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

$30K$20K$10K$0-$10KExpenses 2010: $4,4432010Expenses 2011: $3,5352011Expenses 2012: $1,7882012Revenue 2013: $5,321Expenses 2013: $525Net Income 2013: $4,7962013Revenue 2014: $10,199Expenses 2014: $815Net Income 2014: $9,3842014Revenue 2015: $9,569Expenses 2015: $3,075Net Income 2015: $6,4942015Revenue 2016: $8,794Expenses 2016: $1,595Net Income 2016: $7,1992016Revenue 2017: $9,068Expenses 2017: $10,495Net Income 2017: -$1,4272017Revenue 2018: $12,061Expenses 2018: $6,021Net Income 2018: $6,0402018Revenue 2019: $8,959Expenses 2019: $7,396Net Income 2019: $1,5632019Revenue 2020: $8,538Expenses 2020: $1,445Net Income 2020: $7,0932020Revenue 2021: $8,108Expenses 2021: $1,735Net Income 2021: $6,3732021Revenue 2022: $11,223Expenses 2022: $1,000Net Income 2022: $10,2232022Revenue 2023: $19,148Expenses 2023: $2,110Net Income 2023: $17,0382023Revenue 2024: $23,089Expenses 2024: $1,256Net Income 2024: $21,8332024

Highlighted filing

2024

Revenue$23,089
Expenses$1,256
Net Income$21,833
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$664,711
Liabilities
$0
Net assets
$664,711
Revenue
$23,089
Expenses
$1,256
Net income
$21,833
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.65$0.00$6.65$0.23$0.01$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.43$0.00$6.43$0.19$0.02$0.17
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.26$0.00$6.26$0.11$0.01$0.10
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.16$0.00$6.16$0.08$0.02$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.09$0.00$6.09$0.09$0.01$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.02$0.00$6.02$0.09$0.07$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.01$0.00$6.01$0.12$0.06$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.95$0.00$5.95$0.09$0.10$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.96$0.00$5.96$0.09$0.02$0.07
2015Detailed filing. Detailed filing data is available for this year.$5.89$0.00$5.89$0.10$0.03$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.82$0.00$5.82$0.10$0.01$0.09
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.73$0.00$5.73$0.05$0.01$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.68$0.00$5.68$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.66$0.00$5.66$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$0.00$5.64$0.04
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 29, 2019
Return Version
2018v3.1
Gross Receipts
$12,061
Mission and Program Overview

Mission

This organization was formed to invite and assist new businesses to locate in cannon falls, minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$347,213$537,279▲ $190,066
Other Notes and Loans Receivable, Net$247,276$63,251▼ $184,025
Cash and Non-Interest-Bearing Accounts$59$58▼ $1
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$594,548$600,588▲ $6,040
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$594,548$600,588▲ $6,040
Total Net Assets Fund Balance$594,548$600,588▲ $6,040
Total Liabilities and Net Assets / Fund Balance$594,548$600,588▲ $6,040
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
James AlthoffPresident
Mike LorentzVice President
Dan MassettBoard Member
Gregory WulfBoard Member
Jeff ReinhardtBoard Member
John PetersonBoard Member
Randy RechtzigelBoard Member
Keith MeyersSecretary
Randy NicolaiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$10,079
Other Revenue
$1,982
Change in Net Assets
$6,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,000
Other Expenses$1,021
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,000--$5,000
Fees for Services Legal$521--$521
Fees for Services Accounting-$500-$500
Total Functional Expenses$5,521$500$0$6,021
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents, policicies and finicial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Economic Initiatives of
EIN
41-1611187
Phone
5072634945
Address
28800 GAYLORD AVE, CANNON FALLS, MN 55009

Signing Officer

Name
Randy Nicolai
Title
Treasurer
Signed
2019-08-29
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Hemann Grover & Co LTD
Address
404 South Main Street, Zumbrota, MN 55992-1680
Preparer
Leann M Grover
Phone
5077327800
Raw XML Appendix350 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THIS ORGANIZATION WAS FORMED TO INVITE AND ASSIST NEW BUSINESSES TO LOCATE IN CANNON FALLS, MINNESOTA.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0RANDY NICOLAI
IRS990/BooksInCareOfDetail/PhoneNum05072634945
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt028800 GAYLORD AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CANNON FALLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055009
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt059
IRS990/CashNonInterestBearingGrp/EOYAmt058
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt05000
IRS990/CYInvestmentIncomeAmt010079
IRS990/CYOtherExpensesAmt01021
IRS990/CYOtherRevenueAmt01982
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt06040
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt06021
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt012061
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0A CONTRIBUTION WAS MADE TO THE LOCAL CHAMBER OF COMMERCE TO HELP IN PROMOTION OF CANNON FALLS AREA BUSINESSES.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt05000
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0500
IRS990/FeesForServicesAccountingGrp/TotalAmt0500
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0521
IRS990/FeesForServicesLegalGrp/TotalAmt0521
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt08.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt18.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt28.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt38.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt48.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt58.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt68.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt78.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt810.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0KEITH MEYERS
IRS990/Form990PartVIISectionAGrp/PersonNm1GREGORY WULF
IRS990/Form990PartVIISectionAGrp/PersonNm2RANDY RECHTZIGEL
IRS990/Form990PartVIISectionAGrp/PersonNm3JEFF REINHARDT
IRS990/Form990PartVIISectionAGrp/PersonNm4DAN MASSETT
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm6RANDY NICOLAI
IRS990/Form990PartVIISectionAGrp/PersonNm7MIKE LORENTZ
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES ALTHOFF
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt8President
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt05000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt05000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt05000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt012061
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt02287
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt07792
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010079
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MN
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THIS ORGANIZATION WAS FORMED TO INVITE AND ASSIST NEW BUSINESSES TO LOCATE IN CANNON FALLS, MINNESOTA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0594548
IRS990/NetAssetsOrFundBalancesEOYAmt0600588
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01982
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01982
IRS990/OtherRevenueTotalAmt01982
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0247276
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt063251
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0ADMINISTRATION OF START-UP LOANS TO LOCAL BUSINESSES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, POLICICIES AND FINICIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt028800 GAYLORD AVE
IRS990/USAddress/CityNm0CANNON FALLS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055009
IRS990/VotingMembersGoverningBodyCnt09
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDY NICOLAI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ECONOMIC INITIATIVES OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CANNON FALLS INC
ReturnHeader/Filer/BusinessNameControlTxt0ECON
ReturnHeader/Filer/EIN0411611187
ReturnHeader/Filer/PhoneNum05072634945
ReturnHeader/Filer/USAddress/AddressLine1Txt028800 GAYLORD AVE
ReturnHeader/Filer/USAddress/CityNm0CANNON FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055009
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454038737
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hemann Grover & Co LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0404 South Main Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Zumbrota
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0559921680
ReturnHeader/PreparerPersonGrp/PhoneNum05077327800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEANN M GROVER
ReturnHeader/ReturnTs02019-08-29T12:59:52-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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