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      <LandBldgEquipCostOrOtherBssAmt>154900</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>60911</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>115792</BOYAmt>
        <EOYAmt>93989</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <TotalAssetsGrp>
        <BOYAmt>1240799</BOYAmt>
        <EOYAmt>839110</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>173026</BOYAmt>
        <EOYAmt>38475</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>8498</BOYAmt>
        <EOYAmt>16775</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>181524</BOYAmt>
        <EOYAmt>55250</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>1059275</BOYAmt>
        <EOYAmt>783860</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>1059275</BOYAmt>
        <EOYAmt>783860</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>1240799</BOYAmt>
        <EOYAmt>839110</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>-275415</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleD documentId="IRS990ScheduleD-01" softwareId="24020153">
      <LandGrp>
        <InvestmentCostOrOtherBasisAmt>0</InvestmentCostOrOtherBasisAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>116566</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>39352</DepreciationAmt>
        <BookValueAmt>77214</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>38334</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>21559</DepreciationAmt>
        <BookValueAmt>16775</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>93989</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>Lease liability</Desc>
        <Amt>16775</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>16775</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>1584580</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>1584580</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>1584580</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>1859995</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>1859995</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>1859995</TotalExpensesPerForm990Amt>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="IRS990ScheduleI-01" softwareId="24020153">
      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>City of Two Harbors</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>522 First Ave</AddressLine1Txt>
          <CityNm>Two Harbors</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55616</ZIPCd>
        </USAddress>
        <RecipientEIN>416005579</RecipientEIN>
        <CashGrantAmt>6800</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Knife River Recreation Council</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO Box 266</AddressLine1Txt>
          <CityNm>Knife River</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55609</ZIPCd>
        </USAddress>
        <RecipientEIN>363307682</RecipientEIN>
        <CashGrantAmt>20000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Rocky Wall Productions</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>5418 Rocky Wall Road</AddressLine1Txt>
          <CityNm>Silver Bay</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55614</ZIPCd>
        </USAddress>
        <RecipientEIN>301273923</RecipientEIN>
        <CashGrantAmt>23000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Fall Lake Township</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO Box 599</AddressLine1Txt>
          <CityNm>Ely</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55731</ZIPCd>
        </USAddress>
        <RecipientEIN>416005149</RecipientEIN>
        <CashGrantAmt>130006</CashGrantAmt>
        <PurposeOfGrantTxt>Tourism Funding</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Lake County Chamber of Commerce</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>1330 Highway 61</AddressLine1Txt>
          <CityNm>Two Harbors</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55616</ZIPCd>
        </USAddress>
        <RecipientEIN>410827278</RecipientEIN>
        <CashGrantAmt>87127</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion/Tourism support</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>City of Silver Bay</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>7 Davis Drive</AddressLine1Txt>
          <CityNm>Silver Bay</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55614</ZIPCd>
        </USAddress>
        <RecipientEIN>416008798</RecipientEIN>
        <CashGrantAmt>17325</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Green DoorCity of Beaver Bay</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO Box 446</AddressLine1Txt>
          <CityNm>Beaver Bay</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55601</ZIPCd>
        </USAddress>
        <RecipientEIN>416008625</RecipientEIN>
        <CashGrantAmt>30000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Silver Bay Blue Line Club</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>129 Outer Drive</AddressLine1Txt>
          <CityNm>Silver Bay</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55614</ZIPCd>
        </USAddress>
        <RecipientEIN>411483544</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Bay Days</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>33 Golf Course Road</AddressLine1Txt>
          <CityNm>Silver Bay</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55614</ZIPCd>
        </USAddress>
        <RecipientEIN>823827374</RecipientEIN>
        <CashGrantAmt>30000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Chrissy Scandin LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>621 First Ave</AddressLine1Txt>
          <CityNm>Two Harbors</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55616</ZIPCd>
        </USAddress>
        <RecipientEIN>832013519</RecipientEIN>
        <CashGrantAmt>12000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>DJH Capital LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>Harbor Rail 602 First Ave</AddressLine1Txt>
          <CityNm>Two Harbors</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55616</ZIPCd>
        </USAddress>
        <RecipientEIN>851598851</RecipientEIN>
        <CashGrantAmt>5975</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Finland MN Historical Society</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>5653 Little Marais Road</AddressLine1Txt>
          <CityNm>Finland</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55603</ZIPCd>
        </USAddress>
        <RecipientEIN>411557758</RecipientEIN>
        <CashGrantAmt>9000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Friends of Finland</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>6366 Cramer Road</AddressLine1Txt>
          <CityNm>Finland</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55603</ZIPCd>
        </USAddress>
        <RecipientEIN>830494175</RecipientEIN>
        <CashGrantAmt>17965</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Lake County Agricultural Society</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO Box 11</AddressLine1Txt>
          <CityNm>Two Harbors</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55616</ZIPCd>
        </USAddress>
        <RecipientEIN>155670843</RecipientEIN>
        <CashGrantAmt>18000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Lake County Historical Society</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>520 South Ave</AddressLine1Txt>
          <CityNm>Two Harbors</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55616</ZIPCd>
        </USAddress>
        <RecipientEIN>410846439</RecipientEIN>
        <CashGrantAmt>6500</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>North Shore Scenic Railroad</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>506 W Michigan Street</AddressLine1Txt>
          <CityNm>Duluth</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55802</ZIPCd>
        </USAddress>
        <RecipientEIN>411835806</RecipientEIN>
        <CashGrantAmt>15000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Timber Ghost Tours</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>19 Floyd Circle</AddressLine1Txt>
          <CityNm>Silver Bay</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55614</ZIPCd>
        </USAddress>
        <RecipientEIN>832399591</RecipientEIN>
        <CashGrantAmt>6000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Two Harbors Farmer's Market</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>7217 Hill Road</AddressLine1Txt>
          <CityNm>Two Harbors</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55616</ZIPCd>
        </USAddress>
        <RecipientEIN>474027293</RecipientEIN>
        <CashGrantAmt>14000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Veterans on the Lake</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>161 Fernberg Road</AddressLine1Txt>
          <CityNm>Ely</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55731</ZIPCd>
        </USAddress>
        <RecipientEIN>411439548</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Two Harbors Commnity Radio KTWH</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO Box 622</AddressLine1Txt>
          <CityNm>Two Harbors</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55616</ZIPCd>
        </USAddress>
        <RecipientEIN>352458586</RecipientEIN>
        <CashGrantAmt>9525</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Lou's Fish</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>1319 Hwy 61</AddressLine1Txt>
          <CityNm>Two Harbors</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55616</ZIPCd>
        </USAddress>
        <RecipientEIN>824900723</RecipientEIN>
        <CashGrantAmt>7000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Four Seasons Restaurant</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>6275 Little Marais Rd</AddressLine1Txt>
          <CityNm>Silver Bay</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55614</ZIPCd>
        </USAddress>
        <RecipientEIN>933377958</RecipientEIN>
        <CashGrantAmt>9500</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Moose Lodge 1463</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>709 First Ave</AddressLine1Txt>
          <CityNm>Two Harbors</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55616</ZIPCd>
        </USAddress>
        <RecipientEIN>410386394</RecipientEIN>
        <CashGrantAmt>8900</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Ballet Magnificat</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>5406 I 55 N</AddressLine1Txt>
          <CityNm>Jackson</CityNm>
          <StateAbbreviationCd>MS</StateAbbreviationCd>
          <ZIPCd>39211</ZIPCd>
        </USAddress>
        <RecipientEIN>640732185</RecipientEIN>
        <CashGrantAmt>7100</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Finland Fire Dept</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>6656 Hwy 1</AddressLine1Txt>
          <CityNm>Finland</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55603</ZIPCd>
        </USAddress>
        <RecipientEIN>411452617</RecipientEIN>
        <CashGrantAmt>6500</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Larsmont Trading Post</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>497 Scenic Dr</AddressLine1Txt>
          <CityNm>Two Harbors</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55616</ZIPCd>
        </USAddress>
        <RecipientEIN>844330763</RecipientEIN>
        <CashGrantAmt>6000</CashGrantAmt>
        <PurposeOfGrantTxt>Event Promotion</PurposeOfGrantTxt>
      </RecipientTable>
      <Total501c3OrgCnt>11</Total501c3OrgCnt>
      <TotalOtherOrgCnt>15</TotalOtherOrgCnt>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Promotional events</GrantTypeTxt>
        <RecipientCnt>7</RecipientCnt>
        <CashGrantAmt>30700</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="IRS990ScheduleO-01" softwareId="24020153">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 2</FormAndLineReferenceDesc>
        <ExplanationTxt>One of the board members is the son of another ex-officio board member.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>The form 990 is presented to the board at its monthly meeting, reviewed and approved.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>Annual written conflict of interest forms are obtained from each member and kept on file.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 15a</FormAndLineReferenceDesc>
        <ExplanationTxt>Annual salary levels are reviewed with area averages and approved by the Board.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>