Civic Intelligence

Project 412

EIN 88-3176887 • 501(c)3 • Detroit Lakes, MN

Profile

To connect and elevate the cultural and economic vibrancy of the lakes area

806 Summit AveDetroit Lakes, MN 56501

n/A

Siviq Scores

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

Liabilities / Assets

68th percentile

0.21x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.04x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

13th percentile

-24%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $1M-$5M 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

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

93rd percentile

118%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Down

$240,924

Down $308,306 (-56%) from 2023

Liabilities

Down

$51,293

Down $2,134 (-4.0%) from 2023

Net Assets

Down

$189,631

Down $306,172 (-62%) from 2023

Revenue

Up

$1,291,367

Up $279,384 (+28%) from 2023

Expenses

Up

$1,597,539

Up $1,022,984 (+178%) from 2023

Net Income

Down

-$306,172

Down $743,600 (-170%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2022: $191,341Liabilities 2022: $2,964Net Assets 2022: $188,3772022Assets 2023: $549,230Liabilities 2023: $53,427Net Assets 2023: $495,8032023Assets 2024: $240,924Liabilities 2024: $51,293Net Assets 2024: $189,6312024

Highlighted filing

2024

Assets$240,924
Liabilities$51,293
Net Assets$189,631

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2022: $272,500Expenses 2022: $84,123Net Income 2022: $188,3772022Revenue 2023: $1,011,983Expenses 2023: $574,555Net Income 2023: $437,4282023Revenue 2024: $1,291,367Expenses 2024: $1,597,539Net Income 2024: -$306,1722024

Highlighted filing

2024

Revenue$1,291,367
Expenses$1,597,539
Net Income-$306,172

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 25, 2025
Return Version
2024v5.0
Gross Receipts
$1,456,438
Mission and Program Overview

Mission

To connect and elevate the cultural and economic vibrancy of the lakes area

Project 412's mission is to elevate the cultural and economic vibrancy of the 412 lakes area by fostering a dynamic environment where art, music, gardens, trails, and business intersect to build a stronger, healthier, and more connected community. Together, everything we do supports community building, enhances social connections, and improves mental health by providing individuals with spaces to relax, reflect, and engage with others in meaningful ways.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$452,819$158,357▼ $294,462
Pledges and Grants Receivable$25,000--
Land, Buildings, and Equipment, Net$5,939$8,969▲ $3,030
Prepaid Expenses and Deferred Charges$2,175$7,930▲ $5,755
Total Assets$549,230$240,924▼ $308,306
Other Assets Total$63,297$65,668▲ $2,371
Liabilities
Unsecured Notes Loans Payable$45,733$34,533▼ $11,200
Accounts Payable and Accrued Expenses$7,694$16,760▲ $9,066
Total Liabilities$53,427$51,293▼ $2,134
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$495,803$189,631▼ $306,172
Total Net Assets Fund Balance$495,803$189,631▼ $306,172
Total Liabilities and Net Assets / Fund Balance$549,230$240,924▼ $308,306

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,969$1,879$10,848
Other Assets Org$65,668--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amy StearnsExecutive DiFT$105,000$105,000
Michelle MaierVP OperationPT$48,960$48,960

Board Members and Trustees

NameTitle
Mark FritzPresident
Charles SeuntjensSecretary
Eric FlyenTreasurer
Scott D BuskerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,239,052
Program Service Revenue
$0
Investment Income
$5,237
Other Revenue
$47,078
All Other Contributions
$1,239,052
Change in Net Assets
$-306,172

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table26$145,199Fair Market Value
Total Noncash Contributions26$145,199-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,291,367
Total Revenue per Audited Statements
$1,291,367
Total Revenue per Form 990
$1,291,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,345,174
Salaries, Compensation, and Employee Benefits$252,365
Total Fundraising Expense$100,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,291$30,645$30,645$122,581
Current Officers, Directors, Trustees, and Key Employees$52,500$26,250$26,250$105,000
Advertising$34,285--$34,285
Fees for Services Other$14,060$7,030$7,029$28,119
Payroll Taxes$12,392$6,196$6,196$24,784
Occupancy$7,740$3,870$3,870$15,480
Travel$14,933--$14,933
Fees for Services Accounting-$12,665-$12,665
Office Expenses-$11,244-$11,244
Interest-$6,529-$6,529
Insurance$1,537$192$192$1,921
Other Expenses$1,186,033$1,232$25,875$1,232
Depreciation Depletion-$970-$970
Total Functional Expenses$1,384,771$112,711$100,057$1,597,539

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,597,539
Total Expenses per Audited Statements$1,597,539
Total Expenses per Form 990$1,597,539
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$149,491
Fundraising Direct Expenses$119,750
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Beardsley Races$103,275$103,275$87,499$15,776
Fabulous Armadi$27,415$27,415$18,384$9,031
Total Events$149,491$149,491$116,332$33,159
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Conflict-of-interest policy
Yes
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

REVIEW AT BOARD MEETING

Form 990, Page 6, Part VI, Line 15A

Compensation is reviewed and approved by the board of directors and use comparability data from similar organizations.

Form 990, Page 6, Part VI, Line 15B

Compensation is reviewed and approved by the board of directors and use comparability data from similar organizations.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Project 412
EIN
88-3176887
Phone
2188444221
Address
806 SUMMIT AVE, DETROIT LAKES, MN 56501

Signing Officer

Name
Eric Flyen
Title
Treasurer
Phone
2188444221
Signed
2025-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Fritz
Formed
2022
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
4
Employees
6
Volunteers
150

Preparer

Firm
Haga Kommer Ltd
Address
160 3RD AVE SW, PERHAM, MN 56573-1422
Preparer
Annie Paurus CPA
Phone
2183464200
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Project 412 is recognized as a 501(c)(3) nonprofit organization (ein 88 3176887), organized and operated exclusively for the public charitable purpose and having a mission to elevate the cultural and economic vibrancy of detroit lakes and the surrounding 412 lakes area. As a catalyst, cheerleader, and connector for public art, free community events, free coaching and support to entrepreneurs, and placemaking, project 412 qualifies for sales tax exemption under minnesota statutes ?297a.70, subd.4.

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

Project 412 was created with the sole public charitable purpose of making detroit lakes a better place for all. The mission is to elevate the cultural and economic vibrancy of the 412 lakes area and we do that by offering a plethora of free events and opportunities for the community. We are creating a new public park that will provide free access to the entire community and all visitors to 50 acres of beautiful landscape, public art, and trails. We promote the arts in a way that fosters mental health, community connection, civic pride, and a sense of belonging. We have hired artists to create vibrant murals and smaller art surprises plus we've commissioned permanent sculptures for public spaces including the thomas dambo giant troll project. We aim to transform public spaces into creative, thought-provoking environments. Our projects, like climbing boulders and giant kites on the lake, encourage people to engage with art in unexpected and playful ways. We believe that art has the power to uplift, heal, and bring people together, creating a sense of pride and unity within the community. Through these installations, we strive to spark joy, inspire creativity, and provide everyone with an opportunity to feel connected to their surroundings and each other.

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

To promote art, music, events, and community in the detroit lakes area.

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IRS990/ProgSrvcAccomActy2Grp/Desc0AS STATED IN OUR MISSION, 100% OF ALL WE DO IS FOR CHARITABLE PURPOSES. WE HAVE CREATED A SERIES OF FREE MUSIC CONCERTS IN THE PARK THAT BRING SO MUCH JOY, HEALING, AND A SENSE OF BELONGING TO OUR COMMUNITY. MUSIC HAS THE POWER TO CONNECT PEOPLE, ESPECIALLY IN A RELAXED, OPEN ENVIRONMENT LIKE OUR CITY PARK WHERE PEOPLE CAN GATHER WITHOUT BARRIERS. WE HELP SUPPORT LOCAL TALENT AND OFFER VARIOUS GENRES TO APPEAL TO ALL WALKS OF LIFE AND BRING PEOPLE TOGETHER, HELPING TO FORM LASTING HUMAN CONNECTIONS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt030396
IRS990/ProgSrvcAccomActy3Grp/Desc0OUR ECOSYSTEM BUILDER PROGRAM IS A FREE CHARITABLE SERVICE CENTERED ON COMMUNITY GROWTH AND WELL-BEING, WHICH IS SO IMPORTANT IN FOSTERING LONG- TERM POSITIVE CHANGE. BY OFFERING FREE COACHING AND SUPPORT TO NEW ENTREPRENEURS AND EXISTING BUSINESSES, WE'RE CREATING A DYNAMIC AND THRIVING LOCAL ECONOMY. THE FUTURE ADDITION OF GARDEN SPACES AND TRAILS WILL GREATLY ENHANCE THE PHYSICAL AND MENTAL HEALTH OF OUR COMMUNITY MEMBERS, TOO, WHILE ALSO PROVIDING A SERENE SPACE FOR FAMILIES TO RECONNECT. WE CREATE FREE COLLABORATIVE EVENTS THAT BRING PEOPLE TOGETHER, SPARK IDEAS AND SHARE KNOWLEDGE. BY PROVIDING A PLATFORM FOR COMMUNITY MEMBERS TO EXCHANGE THESE IDEAS, WE'RE FOSTERING A SENSE OF OWNERSHIP AND INVOLVEMENT THAT CAN LEAD TO LASTING PARTNERSHIPS AND INNOVATIONS.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt01000
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROMOTE ART, MUSIC, EVENTS, AND COMMUNITY IN THE DETROIT LAKES AREA.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0300488
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROJECT 412 IS RECOGNIZED AS A 501(C)(3) NONPROFIT ORGANIZATION (EIN 88 3176887), ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PUBLIC CHARITABLE PURPOSE AND HAVING A MISSION TO ELEVATE THE CULTURAL AND ECONOMIC VIBRANCY OF DETROIT LAKES AND THE SURROUNDING 412 LAKES AREA. AS A CATALYST, CHEERLEADER, AND CONNECTOR FOR PUBLIC ART, FREE COMMUNITY EVENTS, FREE COACHING AND SUPPORT TO ENTREPRENEURS, AND PLACEMAKING, PROJECT 412 QUALIFIES FOR SALES TAX EXEMPTION UNDER MINNESOTA STATUTES ?297A.70, SUBD.4.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROJECT 412 WAS CREATED WITH THE SOLE PUBLIC CHARITABLE PURPOSE OF MAKING DETROIT LAKES A BETTER PLACE FOR ALL. THE MISSION IS TO ELEVATE THE CULTURAL AND ECONOMIC VIBRANCY OF THE 412 LAKES AREA AND WE DO THAT BY OFFERING A PLETHORA OF FREE EVENTS AND OPPORTUNITIES FOR THE COMMUNITY. WE ARE CREATING A NEW PUBLIC PARK THAT WILL PROVIDE FREE ACCESS TO THE ENTIRE COMMUNITY AND ALL VISITORS TO 50 ACRES OF BEAUTIFUL LANDSCAPE, PUBLIC ART, AND TRAILS. WE PROMOTE THE ARTS IN A WAY THAT FOSTERS MENTAL HEALTH, COMMUNITY CONNECTION, CIVIC PRIDE, AND A SENSE OF BELONGING. WE HAVE HIRED ARTISTS TO CREATE VIBRANT MURALS AND SMALLER ART SURPRISES PLUS WE'VE COMMISSIONED PERMANENT SCULPTURES FOR PUBLIC SPACES INCLUDING THE THOMAS DAMBO GIANT TROLL PROJECT. WE AIM TO TRANSFORM PUBLIC SPACES INTO CREATIVE, THOUGHT-PROVOKING ENVIRONMENTS. OUR PROJECTS, LIKE CLIMBING BOULDERS AND GIANT KITES ON THE LAKE, ENCOURAGE PEOPLE TO ENGAGE WITH ART IN UNEXPECTED AND PLAYFUL WAYS. WE BELIEVE THAT ART HAS THE POWER TO UPLIFT, HEAL, AND BRING PEOPLE TOGETHER, CREATING A SENSE OF PRIDE AND UNITY WITHIN THE COMMUNITY. THROUGH THESE INSTALLATIONS, WE STRIVE TO SPARK JOY, INSPIRE CREATIVITY, AND PROVIDE EVERYONE WITH AN OPPORTUNITY TO FEEL CONNECTED TO THEIR SURROUNDINGS AND EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO PROMOTE ART, MUSIC, EVENTS, AND COMMUNITY IN THE DETROIT LAKES AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW AT BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND USE COMPARABILITY DATA FROM SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND USE COMPARABILITY DATA FROM SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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