Form 990 for tax year 2024
Filed by NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC.
Totals
- Total revenue
- $43,285
- Total expenses
- $56,331
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $38,714
- Investment income
- $4,571
- Other revenue
- $0
- Total assets, end of year
- $1,932,808
- Total liabilities, end of year
- $135,020
- Net assets or fund balances, end of year
- $1,797,788
- Program services expenses (Part IX)
- $30,174
- Management and general expenses
- $26,157
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $30,174
Program services were 53.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
CARRIE REIERSON
CHAIR
- Total calculated
- $50
- From this org
- $50
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
ALLIE VERCHOTA
VICE CHAIR
- Total calculated
- $100
- From this org
- $100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
QUINN SWANSON
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
SANDRA VOIGT
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
DIANE HEROLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID ANDERSON
R5DC LIAISON
- Total calculated
- $1,000
- From this org
- $0
- From related orgs
- $1,000
- Other
- $0
- Hours/week
- 0.5
-
HOPE WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MARINA LOVELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ALLISON FREDERICKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MIKE PAULUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
PAULA KAMPA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CHERYAL HILLS - YES
EXECUTIVE DIRECTOR
- Total calculated
- $121,535
- From this org
- $0
- From related orgs
- $121,535
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
REGION FIVE DEVELOPMENT COMMISSION
ADMIN FEE - LOAN ACTIVITY · MN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523289349300617
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