Civic Intelligence

Blackduck Development Corporation

EIN 80-0131161 • 501(c)3 • Blackduck, MN

Profile

Blackduck development corporation connects people and resources, and drives ideas and investments that develop vibrant businesses and a strong community.

PO Box 317Blackduck, MN 56630

n/A

Siviq Scores

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

Liabilities / Assets

64th percentile

0.00x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

28th percentile

-13%

Higher net margin than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$27,808

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 67.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets64th percentile

Assets

$419,457

No earlier filing loaded for comparison.

Liabilities

$1,985

No earlier filing loaded for comparison.

Net Assets

$417,472

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue78th percentileNet Margin28th percentile

Revenue

$41,356

No earlier filing loaded for comparison.

Expenses

$46,579

No earlier filing loaded for comparison.

Net Income

-$5,223

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2024: $419,457Liabilities 2024: $1,985Net Assets 2024: $417,4722024

Highlighted filing

2024

Assets$419,457
Liabilities$1,985
Net Assets$417,472
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60K$40K$20K$0-$20KRevenue 2024: $41,356Expenses 2024: $46,579Net Income 2024: -$5,2232024

Highlighted filing

2024

Revenue$41,356
Expenses$46,579
Net Income-$5,223
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$419,457
Liabilities
$1,985
Net assets
$417,472
Revenue
$41,356
Expenses
$46,579
Net income
-$5,223
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.19$0.02$4.17$0.41$0.47$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 6, 2024 to Dec 31, 2024
Signed
Aug 13, 2025
Return Version
2024v5.0
Gross Receipts
$41,356
Mission and Program Overview

Mission

Blackduck development corporation connects people and resources, and drives ideas and investments that develop vibrant businesses and a strong community.

Program Services

DescriptionGrantsExpenses
ECONOMIC DEVELOPMENT, EDUCATION, COMMUNITY ORGANIZING, AND REAL ESTATE DEVELOPMENT OF THE BLACKDUCK REGION.-$27,308
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SCOTT PETERSONEcon And COMFT$27,808-$27,808
DARYL LUNDBERGPresident-$0--
JASON BRODINAVice Preside-$0--
CHRISTINA REGASSecretary-$0--
GRANT FRENZELTreasurer-$0--
RACHAEL MERRILLDirector-$0--
KEVIN ERPELDINGDirector-$0--
MISTY FRENZELDirector-$0--
Filing and Contact Details

Filer

Filer Name
Blackduck Development Corporation
EIN
80-0131161
Phone
2187669465
Address
PO BOX 317, BLACKDUCK, MN 56630

Signing Officer

Name
Grant Frenzel
Title
Treasurer
Phone
2187669465
Signed
2025-08-13
Discuss with paid preparer
Yes

Preparer

Firm
Kba Peterson Associates Inc
Address
2901 BEMIDJI AVENUE NORTH, BEMIDJI, MN 56601
Preparer
Trudy D Peterson CPA
Phone
2184442727
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses marketing 3,430 public relations 1,008 po box 72 equipment purchase 1,160 mileage 105 clinic insurance 40 d & o 476 investment depreciation 6,335 total 12,626”

Form 990-ez, Part I, Line 20

“Transition to tax-exempt 422,695”

Form 990-ez, Part II, Line 24

“Website 0 8,132 less accumulated depreciation 0 8,132 total 0 0”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 0 1,985”

Form 990-ez, Part III

“Blackduck development corporation connects people and resources, and drives ideas and investments that develop vibrant businesses and a strong community.”

Raw XML Appendix148 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.

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IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0391253
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SCOTT PETERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DARYL LUNDBERG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JASON BRODINA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CHRISTINA REGAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4GRANT FRENZEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5RACHAEL MERRILL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7MISTY FRENZEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0ECON AND COM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherChangesInNetAssetsAmt0422695
IRS990EZ/OtherExpensesTotalAmt012626
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/PrintingPublicationsPostageAmt073
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt027308
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TotalRevenueAmt041356
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02117
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02117
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IRS990ScheduleA/InvestmentIncomeCYPct00.05000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/TotalAmt039239
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt041356
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt041356
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING 3,430 PUBLIC RELATIONS 1,008 PO BOX 72 EQUIPMENT PURCHASE 1,160 MILEAGE 105 CLINIC INSURANCE 40 D & O 476 INVESTMENT DEPRECIATION 6,335 TOTAL 12,626
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRANSITION TO TAX-EXEMPT 422,695
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WEBSITE 0 8,132 LESS ACCUMULATED DEPRECIATION 0 8,132 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,985
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BLACKDUCK DEVELOPMENT CORPORATION CONNECTS PEOPLE AND RESOURCES, AND DRIVES IDEAS AND INVESTMENTS THAT DEVELOP VIBRANT BUSINESSES AND A STRONG COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-06-06
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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