Totals
- Total revenue
- $400,669
- Total expenses
- $294,903
- Contributions and grants received
- $376,351
- Grants paid
- $0
- Program service revenue
- $5,410
- Investment income
- $546
- Other revenue
- $18,362
- Total assets, end of year
- $257,956
- Total liabilities, end of year
- $8,654
- Net assets or fund balances, end of year
- $249,302
- Program services expenses (Part IX)
- $258,455
- Management and general expenses
- $28,586
- Fundraising expenses
- $7,862
- Program service expenses (Part III)
- $258,455
Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$50,000
-
1f · All other contributions, gifts and grants
$326,351
-
2a · Program service revenue: STARTUP ACCELERATOR
total $3,150 · related or exempt $3,150
-
2b · Program service revenue: CO-WORK HYBRID & POP-UP
total $1,160 · related or exempt $1,160
-
2c · Program service revenue: BILLABLE EXPENDITURE REVENUE
total $1,100 · related or exempt $1,100
-
3 · Investment income
total $546 · excluded $546
-
11a · Other revenue: EMPLOYEE RETENTION CREDIT
total $18,312 · related or exempt $18,312
-
11b · Other revenue: MISCELLANEOUS INCOME
total $50 · related or exempt $50
-
11e · Other revenue, total
$18,362
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $113,037 · program services $90,429 · management and general $16,956 · fundraising $5,652
-
8 · Pension plan contributions
total $3,150 · program services $2,519 · management and general $473 · fundraising $158
-
9 · Other employee benefits
total $11,000 · program services $8,800 · management and general $1,650 · fundraising $550
-
10 · Payroll taxes
total $8,662 · program services $6,930 · management and general $1,299 · fundraising $433
-
11c · Fees: accounting
total $4,499 · management and general $4,499
-
12 · Advertising and promotion
total $28,384 · program services $28,384
-
13 · Office expenses
total $7,870 · program services $6,295 · management and general $1,181 · fundraising $394
-
16 · Occupancy
total $12,697 · program services $10,158 · management and general $1,904 · fundraising $635
-
17 · Travel
total $1,268 · program services $1,268
-
19 · Conferences, conventions and meetings
total $1,867 · program services $1,867
-
23 · Insurance
total $3,212 · program services $3,212
-
24a · Other expenses: ENTREPRENUER INITIATIVE
total $84,397 · program services $84,397
-
24b · Other expenses: PROFESSIONAL DEVELOPMENT
total $6,397 · program services $6,397
-
24c · Other expenses: SPECIAL EXPENDITURES
total $4,871 · program services $4,871
-
24d · Other expenses: MEMBERSHIP & CONFERENCES
total $1,525 · program services $1,525
-
24e · All other expenses
total $2,067 · program services $1,403 · management and general $624 · fundraising $40
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $150,997 · end of year $256,456
-
15 · Other assets
end of year $1,500
-
17 · Accounts payable and accrued expenses
beginning of year $7,461 · end of year $8,654
-
27 · Net assets without donor restrictions
beginning of year $143,536 · end of year $249,302
Mission and programs · 2022
Mission
SUPPORT THE CITY GOVERNMENT IN IMPROVING THE ECONOMY OF THE AREA
-
ACTIVITIES INCLUDE ADVISING AND ENCOURAGING POTENTIAL BUSINESS ENTERPRISES TO EXPAND OR LOCATE IN FERGUS FALLS, MN AND ACTING AS A GO-BETWEEN TO ASSIST THOSE BUSINESSES IN THEIR EXPANSION OR RELOCATION.
Expenses $258,455 · Revenue $5,410
As filed on the 2022 return.
Listed in Part VII
-
Carrie BrimhallCARRIE BRIMHALL
NOMINATING C
- Total calculated
- $0
- Hours/week
- 1
-
Elise HeifortELISE HEIFORT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tara KempferTARA KEMPFER
PERSONNEL CH
- Total calculated
- $0
- Hours/week
- 1
-
Chad LandmannCHAD LANDMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kent MattsonKENT MATTSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca PetersenREBECCA PETERSEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Lee RognessLEE ROGNESS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stephen RuferSTEPHEN RUFER
PAST PRESIDE
- Total calculated
- $0
-
Ben SchiererBEN SCHIERER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve SchoeneckSTEVE SCHOENECK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kellen ShebeckKELLEN SHEBECK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jasmine SonmorJASMINE SONMOR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Allison StockALLISON STOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mike ThorsonMIKE THORSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jason VaughnJASON VAUGHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew YaggieANDREW YAGGIE
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311329349302221
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.