Nonprofit · EIN 02-0684826
MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $73,468 | $59,950 | $13,518 | $183,153 | $7,621 | $175,532 |
| December 31, 2023 | 990-EZ | $50,483 | $49,798 | $685 | $171,107 | $9,095 | $162,012 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $26,500
- Program service revenue
- $43,810
- Investment income
- $949
- Net income from fundraising events
- $2,209
Expenses
- Grants and similar amounts paid
- $20,045
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $1,276
- Printing, publications and postage
- $754
- Other expenses
- $37,875
- Program services (functional)
- $41,521
Balance sheet and other
- Total assets, start of year
- $171,107
- Total assets, end of year
- $183,153
- Total liabilities, end of year
- $7,621
- Net assets, end of year
- $175,532
- Cash, savings and investments
- $183,153
- Gross receipts
- $78,309
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REBECCA KURTZ | CHAIR | 3 | $0 |
| LESLIE DINGMANN | VICE CHAIR/TREASURER | 1 | $0 |
| TIM KORBY | SECRETARY | 1 | $0 |
| KEITH DAHL | DIRECTOR | 1 | $0 |
| MATT BROWN | DIRECTOR | 1 | $0 |
| TOM LAMBRECHT | DIRECTOR | 1 | $0 |
| SCOTT MARQUARDT | DIRECTOR | 1 | $0 |
| HEIDI PEPER | DIRECTOR | 1 | $0 |
| SANDY VOIGT | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID ANDERSON | DIRECTOR | 1 | $0 |
| TIM KORBY | SECRETARY | 1 | $0 |
| CRAIG WALDRON | DIRECTOR | 1 | $0 |
| REBECCA KURTZ | DIRECTOR | 1 | $0 |
| TOM LAMBRECHT | DIRECTOR | 1 | $0 |
| LESLIE DINGMANN | VICE CHAIR/TREASURER | 1 | $0 |
| MATT BROWN | CHAIR | 3 | $0 |
| SCOTT MARQUARDT | DIRECTOR | 1 | $0 |
| HEIDI PEPER | DIRECTOR | 1 | $0 |
| SANDY VOIGT | DIRECTOR | 1 | $0 |
| VIRGINIA RUTTER | VICE PRESIDENT | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4248 PARK GLEN RD, MINNEAPOLIS, MN 55416-4758
- In care of
- % WILLIAM LUCKING
- Signed the 990-EZ
- LESLIE DINGMANN, TREASURER
- Phone
- (952) 928-4640
- Website
- WWW.MNEDF.ORG
- Return prepared by
- SMITH SCHAFER & ASSOCIATES LTD
Mission
BUILDING A STRONGER MINNESOTA THROUGH EDUCATION, SCHOLARSHIPS/GRANTS, RESEARCH AND OUTREACH BASED INCENTIVES.
Program accomplishments
- BUILDING STRONGER MINNESOTA COMMUNITIES THROUGH ECONOMIC DEVELOPMENT OUTREACH, EDUCATION, TRAINING AND RESEARCH INITIATIVES.Expenses $20,045 · grants $20,045
- MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION HOSTED AMINNESOTA BASIC ECONOMIC DEVELOPMENT COURSE. THE CONTENT INCLUDED SESSIONS ON AN ECONOMIC DEVELOPMENTOVERVIEW, BUSINESS RETENTION AND EXPANSION, BUSINESS ATTRACTION AND MARKETING, ENTREPRENEURIAL AND SMALL BUSINESS DEVELOPMENT, RESEARCH AND ECONOMIC ANALYSIS, WORKFORCE DEVELOPMENT AND ATTRACTION, FINANCIAL ANDINCENTIVES, BUSINESS AND INDUSTRIAL PARK DEVELOPMENT, REAL ESTATE DEVELOPMENT, INDUSTRIAL REDEVELOPMENT, TRANSPORTATION AND UTILITIES,STRATEGIC PLANNING, MANAGING DEVELOPMENT ORGANIZATIONS, COMMUNITY ANDNEIGHBORHOOD DEVELOPMENT, AND ETHICS.Expenses $21,476
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 02-0684826
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $183,153
- Income (IRS master file)
- $78,309
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $73,468 | $59,950 | $183,153 | XML |
| 990-EZ | December 2023 | $50,483 | $49,798 | $171,107 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0684826).
Questions about MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION
- What is the EIN of MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION is 02-0684826.
- Is MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $73,468, expenses of $59,950 and total assets of $183,153 at year end.
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All nonprofits in MINNEAPOLIS · Minnesota · Community improvement and capacity building