Civic Intelligence

Alexandra Area Econmocy Development Commission

990 • Fiscal year 2022 • EIN 41-1670874

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 21, 2023

Organization ProfileWWW.ALEXMN.ORG
324 Broadway Street Rm/Ste 101Alexandria, MN 56308

(320) 763-4545

Siviq Scores

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

Liabilities / Assets

49th percentile

0.05x

Higher debt load relative to assets than 49% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.15x

Higher debt load relative to revenue than 62% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Net Margin

8th percentile

-22%

Higher net margin than 8% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

81st percentile

$125,000

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 36.9% of source-year revenue.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Asset Growth

30th percentile

-6.1%

Faster asset growth than 30% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

38th percentile

3.6%

Faster revenue growth than 38% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$985,826

Down $63,820 (-6.1%) from 2021

Net Assets

Down

$936,538

Down $73,716 (-7.3%) from 2021

Liabilities

Up

$49,288

Up $9,896 (+25%) from 2021

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin8th percentile

Revenue

Up

$338,799

Up $11,702 (+3.6%) from 2021

Expenses

Up

$412,515

Up $69,186 (+20%) from 2021

Net Income

Down

-$73,716

Down $57,484 (-354%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $683,524Liabilities 2010: $37,060Net Assets 2010: $646,4642010Assets 2011: $749,322Liabilities 2011: $42,503Net Assets 2011: $706,8192011Assets 2012: $818,285Liabilities 2012: $51,396Net Assets 2012: $766,8892012Assets 2013: $840,772Liabilities 2013: $47,505Net Assets 2013: $793,2672013Assets 2014: $867,928Liabilities 2014: $72,709Net Assets 2014: $795,2192014Assets 2015: $929,655Liabilities 2015: $25,995Net Assets 2015: $903,6602015Assets 2016: $973,866Liabilities 2016: $44,980Net Assets 2016: $928,8862016Assets 2017: $963,003Liabilities 2017: $40,682Net Assets 2017: $922,3212017Assets 2018: $1,000,313Liabilities 2018: $26,708Net Assets 2018: $973,6052018Assets 2019: $1,045,668Liabilities 2019: $36,420Net Assets 2019: $1,009,2482019Assets 2020: $1,050,476Liabilities 2020: $23,990Net Assets 2020: $1,026,4862020Assets 2021: $1,049,646Liabilities 2021: $39,392Net Assets 2021: $1,010,2542021Assets 2022: $985,826Liabilities 2022: $49,288Net Assets 2022: $936,5382022Assets 2023: $921,505Liabilities 2023: $53,908Net Assets 2023: $867,5972023Assets 2024: $997,634Liabilities 2024: $30,567Net Assets 2024: $967,0672024

Highlighted filing

2022

Assets$985,826
Liabilities$49,288
Net Assets$936,538
Open 2022 Filing

Operations Trend

Revenue Growth38th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $267,4982010Expenses 2011: $243,4932011Expenses 2012: $299,6692012Revenue 2013: $309,109Expenses 2013: $282,731Net Income 2013: $26,3782013Revenue 2014: $340,424Expenses 2014: $338,472Net Income 2014: $1,9522014Revenue 2015: $367,851Expenses 2015: $259,410Net Income 2015: $108,4412015Revenue 2016: $339,710Expenses 2016: $314,484Net Income 2016: $25,2262016Revenue 2017: $339,909Expenses 2017: $346,474Net Income 2017: -$6,5652017Revenue 2018: $344,462Expenses 2018: $293,178Net Income 2018: $51,2842018Revenue 2019: $341,394Expenses 2019: $305,751Net Income 2019: $35,6432019Revenue 2020: $320,344Expenses 2020: $303,106Net Income 2020: $17,2382020Revenue 2021: $327,097Expenses 2021: $343,329Net Income 2021: -$16,2322021Revenue 2022: $338,799Expenses 2022: $412,515Net Income 2022: -$73,7162022Revenue 2023: $360,727Expenses 2023: $429,668Net Income 2023: -$68,9412023Revenue 2024: $447,049Expenses 2024: $347,579Net Income 2024: $99,4702024

Highlighted filing

2022

Revenue$338,799
Expenses$412,515
Net Income-$73,716
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 21, 2023
Return Version
2022v5.0
Gross Receipts
$338,799
Mission and Program Overview

Mission

The alexandria area economic development commission is organized to assist manufacturing and other businesses to locate or expand in the alexandria minnesota area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$611,049$528,911▼ $82,138
Other Notes and Loans Receivable, Net$237,852$295,647▲ $57,795
Accounts Receivable$121,200$97,963▼ $23,237
Cash and Non-Interest-Bearing Accounts$75,788$59,548▼ $16,240
Prepaid Expenses and Deferred Charges$3,757$3,757→ $0
Total Assets$1,049,646$985,826▼ $63,820
Liabilities
Accounts Payable and Accrued Expenses$39,392$49,288▲ $9,896
Total Liabilities$39,392$49,288▲ $9,896
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$622,169$538,331▼ $83,838
Net Assets With Donor Restrictions$388,085$398,207▲ $10,122
Total Net Assets Fund Balance$1,010,254$936,538▼ $73,716
Total Liabilities and Net Assets / Fund Balance$1,049,646$985,826▼ $63,820

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$32,075$32,075
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nicole FernholzExecutive DiFT$125,000$125,000

Board Members and Trustees

NameTitle
Nicole KlimekPresident
Jeff PatienceDirector
Joani NelsonDirector
Ryan RooneyDirector
Todd PowersDirector
Vicki JodsaasDirector
Edward ReifTreasurer/se
Matthew FischerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$325,337
Investment Income
$13,462
Other Revenue
$0
Change in Net Assets
$-73,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$217,585
Salaries, Compensation, and Employee Benefits$194,930
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$131,412--$131,412
Current Officers, Directors, Trustees, and Key Employees-$125,000-$125,000
Other Salaries and Wages$29,913--$29,913
Other Employee Benefits$24,808--$24,808
Occupancy-$23,768-$23,768
Office Expenses-$12,898-$12,898
Payroll Taxes$10,742--$10,742
Fees for Services Accounting-$10,600-$10,600
Fees for Services Other-$8,155-$8,155
Conferences and Meetings$2,928$1,645-$4,573
Pension Plan Contributions$4,467--$4,467
Insurance-$3,352-$3,352
Travel-$2,031-$2,031
Other Expenses$357--$357
Total Functional Expenses$225,066$187,449$0$412,515
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
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, Page 6, Part VI, Line 11B

“Board of directors and executive director review of 990 prepared by independent accountant.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Alexandria Area Economic
EIN
41-1670874
Phone
3207634545
Address
324 BROADWAY STREET RM/STE 101, ALEXANDRIA, MN 56308

Signing Officer

Name
Nicole Fernholz
Title
Executive Director
Phone
3207634545
Signed
2023-06-21

Organization Details

Principal Officer
Nicole Fernholz
Formed
2004
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
2

Preparer

Firm
Larter CPA Group Ltd
Address
1017 BROADWAY ST SUITE 3, ALEXANDRIA, MN 56308-2649
Preparer
Matthew Roggenbuck
Phone
3207636648
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Provide resources and capital for business and community development in the alexandria minnesota area.”

Raw XML Appendix359 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/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt039392
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt049288
IRS990/AccountsReceivableGrp/BOYAmt0121200
IRS990/AccountsReceivableGrp/EOYAmt097963
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE ALEXANDRIA AREA ECONOMIC DEVELOPMENT COMMISSION IS ORGANIZED TO ASSIST MANUFACTURING AND OTHER BUSINESSES TO LOCATE OR EXPAND IN THE ALEXANDRIA MINNESOTA AREA.
IRS990/AdvertisingGrp/ProgramServicesAmt0131412
IRS990/AdvertisingGrp/TotalAmt0131412
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0NICOLE FERNHOLZ
IRS990/BooksInCareOfDetail/PhoneNum03207634545
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0610 FILLMORE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALEXANDRIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd056308
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt075788
IRS990/CashNonInterestBearingGrp/EOYAmt059548
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0125000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0125000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01645
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02928
IRS990/ConferencesMeetingsGrp/TotalAmt04573
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt013462
IRS990/CYOtherExpensesAmt0217585
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0325337
IRS990/CYRevenuesLessExpensesAmt0-73716
IRS990/CYSalariesCompEmpBnftPaidAmt0194930
IRS990/CYTotalExpensesAmt0412515
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0338799
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PROVIDE RESOURCES AND CAPITAL FOR BUSINESS AND COMMUNITY DEVELOPMENT IN THE ALEXANDRIA MINNESOTA AREA.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0388085
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0398207
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt0204270
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010600
IRS990/FeesForServicesAccountingGrp/TotalAmt010600
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt08155
IRS990/FeesForServicesOtherGrp/TotalAmt08155
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
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/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/PersonNm0NICOLE FERNHOLZ
IRS990/Form990PartVIISectionAGrp/PersonNm1MATTHEW FISCHER
IRS990/Form990PartVIISectionAGrp/PersonNm2VICKI JODSAAS
IRS990/Form990PartVIISectionAGrp/PersonNm3NICOLE KLIMEK
IRS990/Form990PartVIISectionAGrp/PersonNm4JOANI NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm5JEFF PATIENCE
IRS990/Form990PartVIISectionAGrp/PersonNm6TODD POWERS
IRS990/Form990PartVIISectionAGrp/PersonNm7EDWARD REIF
IRS990/Form990PartVIISectionAGrp/PersonNm8RYAN ROONEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0125000
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/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER/SE
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0338799
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03352
IRS990/InsuranceGrp/TotalAmt03352
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt013462
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt013462
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt032075
IRS990/LandBldgEquipCostOrOtherBssAmt032075
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ALEXANDRIA AREA ECONOMIC DEVELOPMENT COMMISSION IS ORGANIZED TO ASSIST MANUFACTURING AND OTHER BUSINESSES TO LOCATE OR EXPAND IN THE ALEXANDRIA MINNESOTA AREA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01010254
IRS990/NetAssetsOrFundBalancesEOYAmt0936538
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0622169
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0538331
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt023768
IRS990/OccupancyGrp/TotalAmt023768
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012898
IRS990/OfficeExpensesGrp/TotalAmt012898
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024808
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024808
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1WORKFORCE DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2RLF EXPENSES
IRS990/OtherExpensesGrp/Desc3EVENT EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt014910
IRS990/OtherExpensesGrp/ProgramServicesAmt13255
IRS990/OtherExpensesGrp/ProgramServicesAmt22274
IRS990/OtherExpensesGrp/ProgramServicesAmt3357
IRS990/OtherExpensesGrp/TotalAmt014910
IRS990/OtherExpensesGrp/TotalAmt13255
IRS990/OtherExpensesGrp/TotalAmt22274
IRS990/OtherExpensesGrp/TotalAmt3357
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt029913
IRS990/OtherSalariesAndWagesGrp/TotalAmt029913
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0237852
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0295647
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt010742
IRS990/PayrollTaxesGrp/TotalAmt010742
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04467
IRS990/PensionPlanContributionsGrp/TotalAmt04467
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03757
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03757
IRS990/PrincipalOfficerNm0NICOLE FERNHOLZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RELATED ORGANIZATIONS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0195926
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1129411
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0195926
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1129411
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDE RESOURCES AND CAPITAL FOR BUSINESS AND COMMUNITY DEVELOPMENT IN THE ALEXANDRIA MINNESOTA AREA.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt020796
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt012613
IRS990/PYOtherExpensesAmt0148532
IRS990/PYProgramServiceRevenueAmt0314484
IRS990/PYRevenuesLessExpensesAmt0-16232
IRS990/PYSalariesCompEmpBnftPaidAmt0194797
IRS990/PYTotalExpensesAmt0343329
IRS990/PYTotalRevenueAmt0327097
IRS990/ReconcilationRevenueExpnssAmt0-73716
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0325337
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0611049
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0528911
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032075
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032075
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE RESOURCES AND CAPITAL FOR BUSINESS AND COMMUNITY DEVELOPMENT IN THE ALEXANDRIA MINNESOTA AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR REVIEW OF 990 PREPARED BY INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAKES AREA ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LEVY TAXES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0610 FILLMORE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ALEXANDRA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd056308
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01049646
IRS990/TotalAssetsEOYAmt0985826
IRS990/TotalAssetsGrp/BOYAmt01049646
IRS990/TotalAssetsGrp/EOYAmt0985826
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0187449
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0225066
IRS990/TotalFunctionalExpensesGrp/TotalAmt0412515
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt039392
IRS990/TotalLiabilitiesEOYAmt049288
IRS990/TotalLiabilitiesGrp/BOYAmt039392
IRS990/TotalLiabilitiesGrp/EOYAmt049288
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01010254
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0936538
IRS990/TotalOtherProgSrvcExpenseAmt020796
IRS990/TotalProgramServiceExpensesAmt0225066
IRS990/TotalProgramServiceRevenueAmt0325337
IRS990/TotalReportableCompFromOrgAmt0125000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0338799
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0338799
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01049646
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0985826
IRS990/TravelGrp/ManagementAndGeneralAmt02031
IRS990/TravelGrp/TotalAmt02031
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0324 BROADWAY STREET
IRS990/USAddress/AddressLine2Txt0SUITE 101
IRS990/USAddress/CityNm0ALEXANDRIA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056308
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.ALEXMN.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NICOLE FERNHOLZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03207634545
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALEXANDRIA AREA ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT COMMISSION
ReturnHeader/Filer/BusinessNameControlTxt0ALEX
ReturnHeader/Filer/EIN0411670874
ReturnHeader/Filer/PhoneNum03207634545
ReturnHeader/Filer/USAddress/AddressLine1Txt0324 BROADWAY STREET RM/STE 101
ReturnHeader/Filer/USAddress/CityNm0ALEXANDRIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056308
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411860856
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LARTER CPA GROUP LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01017 BROADWAY ST SUITE 3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALEXANDRIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0563082649
ReturnHeader/PreparerPersonGrp/PhoneNum03207636648
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW ROGGENBUCK
ReturnHeader/ReturnTs02023-11-16T09:20:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NICOLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FERNHOLZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$985,826
Liabilities
$49,288
Net assets
$936,538
Revenue
$338,799
Expenses
$412,515
Net income
-$73,716
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.03$0.97$0.45$0.35$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.05$0.87$0.36$0.43$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.99$0.05$0.94$0.34$0.41$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.04$1.01$0.33$0.34$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.02$1.03$0.32$0.30$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.04$1.01$0.34$0.31$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.03$0.97$0.34$0.29$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.04$0.92$0.34$0.35$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.04$0.93$0.34$0.31$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.03$0.90$0.37$0.26$0.11
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.87$0.07$0.80$0.34$0.34$0.00
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.84$0.05$0.79$0.31$0.28$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.05$0.77$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.04$0.71$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.04$0.65$0.27