2024-11-14T16:42:48-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 14275 GOLF COURSE DRIVE STE 300 BAXTER MN 56425 990 2023-01-01 411543292 BRAINERD LAKES AREA DEVELOPMENT CORP BRAI 2188280096 224 WEST WASHINGTON STREET BRAINERD MN 56401 JIM HAAKONSON PAST PRESIDENT 2188280096 2024-11-13 1 1 JAMES A HAAKONSON CPA P00474248 2188280100 2024-11-12 2023 2024-10-15 13:58:12Z BRAINERD LAKES AREA ECONOMIC DEVELOPMENT CORP JIM HAAKONSON 224 WEST WASHINGTON STREET BRAINERD MN 56401 535355 0 X WWW.GROWBRAINERDLAKES.ORG/ X 1985 MN GENERAL ECONOMIC DEVELOPMENT ACTIVITIES 9 9 4 10 0 0 351250 378330 189450 88122 39457 65803 13702 3100 593859 535355 0 0 0 0 371100 380278 0 0 0 166934 204641 538034 584919 55825 -49564 2443437 2361590 79345 47062 2364092 2314528 X ATTRACTING NEW INDUSTRY, RETAINING PRESENT INDUSTRY, AND GENERAL ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING WORKFORCE DEVELOPMENT IN BRAINERD AND THE SURROUNDING AREA. 0 0 279666 6386 INVOLVED IN ATTRACTING NEW INDUSTRY AND RETAINING PRESENT INDUSTRY IN THE AREA. 101258 42874 INVOLVED IN COMMUNITY PROMOTION AND WORKFORCE PROMOTION 53040 20981 INVOLVED IN NEW DEVELOPMENT, RE-DEVELOPMENT OR RENEWAL 48219 20981 ENCOURAGING AND PROMOTING THE START-UP OF NEW COMPANIES 48219 20981 482183 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 MN X TYLER GLYNN 2188280096 224 WEST WASHINGTON STREET BRAINERD MN 56401 TERRY MCFARLIN PRESIDENT 1.00 X X 0 0 0 JOHN OHLIN VICE PRESIDENT 0.50 X X 0 0 0 JULIE ANDERHOLM SECRETARY/TREASURER 1.00 X X 0 0 0 JIM HAAKONSON PAST PRESIDENT 0.50 X 0 0 0 TOM HAGLIN PAST PRESIDENT 1.00 X 0 0 0 MIKE DILLON PAST PRESIDENT 1.00 X 0 0 0 JANELLE RILEY DIRECTOR 0.50 X 0 0 0 KARLO GOERGES DIRECTOR 0.50 X 0 0 0 SANDY ZUTZ-WICZEK DIRECTOR 1.00 X 0 0 0 TYLER GLYNN EXECUTIVE DIRECTOR 40.00 X 139978 0 2971 139978 0 2971 1 0 0 0 0 139780 216550 22000 378330 FEES FOR SERVICE 900099 88122 88122 88122 65803 65803 MISCELLANEOUS INCOME 900099 3100 3100 3100 535355 91222 0 65803 142949 142949 198697 148453 50244 6653 5552 1101 3104 3104 28875 24591 4284 26782 26782 34096 34096 11987 6138 5849 27447 27131 316 23058 22323 735 14755 11804 2951 15954 7603 8351 13273 13273 DUES & PUBLICATIONS 32007 32007 LOAN FEES 3159 3159 2123 2123 584919 482183 102736 0 856982 694696 820106 718130 138022 90778 549069 784913 10274 10300 171375 108602 68984 62773 2443437 2361590 75644 44656 3701 2406 79345 47062 X 770070 667559 1594022 1646969 2364092 2314528 2443437 2361590 -49564 0 X 1 X 0 0 0 X 401140 482451 380191 351250 378330 1993362 401140 482451 380191 351250 378330 1993362 51673 1941689 5501 4179 2832 39735 65803 118050 13702 3100 16802 2128214 586229 0.91240 0.93350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2022 AMOUNT: $ 13,702. 2023 AMOUNT: $ 3,100. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 353844 -110935 242909 352313 1531 353844 349484 2829 352313 345459 4025 349484 339196 1000 5263 345459 1.00000 0.00000 0.00000 0 0 123124 74332 48792 48251 34270 13981 62773 DUE TO OTHER ENTITIES 2406 2406 PART V, LINE 4: ENDOWMENT ASSETS ARE TO BE USED FOR ECONOMIC DEVELOPMENT AND OTHER SPECIAL PROJECTS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE PRESIDENT, VICE PRESIDENT, AND SECRETARY/TREASURER. THE PAST PRESIDENT SERVES AS AN EX-OFFICIO MEMBER OF THE COMMITTEE. THE COMMITTEE HAS THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE ORGANIZATION, BUT MAY ONLY ACT IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD AND ITS ACTIONS MUST BE RATIFIED BY THE BOARD AT ITS NEXT REGULAR MEETING. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS ORGANIZED AS A CORPORATION WITH SEVEN MEMBERSHIP CATEGORIES: INDIVIDUAL, BASIC, SUPPORTER, PARTNER, AFFILIATE, STRATEGIC, EXECUTIVE FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS FROM AMONG THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE ORGANIZATION'S GOVERNING DOCUMENTS ARE SUBJECT TO THE POWER OF ACTIVE MEMBERS PRESENT AT ANY ANNUAL MEETING OR SPECIAL MEETING CALLED FOR SUCH TO REJECT SUCH AMENDMENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED FOR REVIEW BY THE EXECUTIVE DIRECTOR, THE SIGNING OFFICER AND/OR THE TREASURER OF THE ORGANIZATION BEFORE FILING THE RETURN WITH THE IRS. BEFORE FILING THE FORM, A COPY OF THE FORM 990 RETURN IS ALSO MADE AVAILABLE TO THE GOVERNING BODY ELECTRONICALLY FOR INSPECTION, REVIEW, AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C ANY BOARD OF DIRECTORS WHO HAVE DIRECT INVOLVEMENT WITH AN APPLICANT, PROJECT, OR REQUEST, OR WITH PERSONAL OR FINANCIAL INTEREST IN ANY PROPOSAL WILL BE REQUIRED TO MAKE KNOWN SUCH INTEREST OR INVOLVEMENT. THE BOARD OF DIRECTORS WILL THEN DETERMINE ON A CASE BY CASE BASIS WHETHER OR NOT THERE IS A SUFFICIENT CONFLICT OF INTEREST TO WARRANT EXCLUSION FROM DISCUSSING OR VOTING ANY MATTERS CONCERNING THAT PROPOSAL OR PROJECT. IF THE BOARD PRESIDENT HAS A CONFLICT, THE VICE PRESIDENT WILL PRESIDE OVER THAT PORTION OF THE MEETING. ALL BOARD OF DIRECTOR DISCUSSIONS AND RESOLUTIONS ON CONFLICTS OF INTEREST WILL BE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE EXECUTIVE DIRECTOR COMPLETES A SELF-EVALUATION. THE PERSONNEL COMMITTEE, WHICH IS INDEPENDENT OF THE EXECUTIVE DIRECTOR, THEN CONDUCTS A PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR (AND MAY SURVEY THE BOARD OF DIRECTORS FOR ADDITIONAL INPUT). THE PERSONNEL COMMITTEE USES COMPARABLE SALARY AND BENEFITS DATA IN THEIR PERFORMANCE REVIEW AND FOR SETTING FUTURE EXECUTIVE DIRECTOR SALARY. ALL STEPS CONDUCTED BY THE PERSONNEL COMMITTEE ARE DOCUMENTED IN THEIR MEETING MINUTES. JANUARY 2023 WAS THE LAST TIME THE EXECUTIVE DIRECTOR'S SALARY WAS REVIEWED. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC MAY REQUEST TO VIEW THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS DURING REGULAR BUSINESS HOURS AT THE ORGANIZATION'S PLACE OF BUSINESS.