Nonprofit · EIN 20-4208381
HEARTLAND LAKES DEVELOPMENT COMMISSION
Tax-exempt · PARK RAPIDS, MN 56470
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $887,618 | $752,724 | $134,894 | $6,754,730 | $5,653,384 | $1,101,346 |
| December 31, 2023 | 990 | $922,283 | $588,572 | $333,711 | $3,070,645 | $2,104,193 | $966,452 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $711,421
- of which government grants
- $584,353
- Program service revenue
- $154,056
- Investment income
- $33
- Net income from fundraising events
- $19,620
- Other revenue
- $22,108
Expenses
- Grants and similar amounts paid
- $39,379
- Compensation of officers, directors and key employees
- $93,200
- Other salaries and wages
- $69,357
- Salaries, compensation and benefits (total)
- $200,730
- Professional fundraising fees
- $0
- Legal fees
- $1,826
- Accounting fees
- $6,720
- Occupancy
- $88,208
- Travel
- $2,933
- Depreciation
- $122,454
- Program services (functional)
- $473,557
- Management and general (functional)
- $267,475
- Fundraising (functional)
- $11,692
Balance sheet and other
- Total assets, start of year
- $3,070,645
- Total assets, end of year
- $6,754,730
- Total liabilities, end of year
- $5,653,384
- Net assets, end of year
- $1,101,346
- Land, buildings and equipment
- $6,511,465
- Net assets without donor restrictions
- $400,034
- Net assets with donor restrictions
- $701,312
- Gross receipts
- $889,898
- Employees
- 5
- Year formed
- 2005
- State of legal domicile
- MN
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY THOMPSON | EXECUTIVE DIRECTOR Officer | 40 | $93,200 |
| DAVID DE LA HUNT | CHAIR Trustee or director, Officer | 1 | $0 |
| CHARLENE CHRISTENSEN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| TIM LITTLE | DIRECTOR Trustee or director | 1 | $0 |
| LIZ STONE | DIRECTOR Trustee or director | 1 | $0 |
| TOM CONWAY | DIRECTOR Trustee or director | 1 | $0 |
| ERIC WOLFF | DIRECTOR Trustee or director | 1 | $0 |
| DEREK RICKE | EX OFFICIO MEMBER Trustee or director | 1 | $0 |
| ANGEL WEASNER | EX OFFICIO MEMBER Trustee or director | 1 | $0 |
| JEFF CADWELL | EX OFFICIO MEMBER Trustee or director | 1 | $0 |
| SHAWN RAYKOVICH | EX OFFICIO MEMBER Trustee or director | 0 | $0 |
| MARK ANDERSON | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY THOMPSON | EXECUTIVE DIRECTOR Officer | 30 | $78,223 |
| ERIC WOLFF | DIRECTOR Trustee or director | 0 | $0 |
| CHRISTINE FOX | DIRECTOR Trustee or director | 0 | $0 |
| DEREK RICKE | EX OFFICIO MEMBER Trustee or director | 1 | $0 |
| JEFF CADWELL | EX OFFICIO MEMBER Trustee or director | 1 | $0 |
| ANGELICA WEASNER | EX OFFICIO MEMBER Trustee or director | 1 | $0 |
| CHARLENE CHRISTENSEN | DIRECTOR Trustee or director | 1 | $0 |
| LIZ STONE | DIRECTOR Trustee or director | 0 | $0 |
| DAVID DE LA HUNT | CHAIR Trustee or director, Officer | 1 | $0 |
| KATHY HENRY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| RYAN LECKNER | SECRETARYTREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 100 8TH ST E, PARK RAPIDS, MN 56470-1699
- In care of
- % MARY THOMPSON
- Signed the 990
- MARY THOMPSON, EXECUTIVE DIRECTOR
- Phone
- (218) 732-9713
- Return prepared by
- Haukebo Van Batavia Holte LLC
Mission
INSPIRE AND RETAIN ECONOMIC GROWTH
Program accomplishments
- HEARTLAND LAKES DEVELOPMENT COMMISSION PROVIDES COUNTYWIDE ECONOMIC DEVELOPMENT IN HUBBARD COUNTY. THE GOAL IS TO ENCOURAGE AND SUPPORT THE FOUNDATIONAL ELEMENTS FOR A THRIVING ECONOMIC ECOSYSTEM AND ACTIVELY CREATING ACCESS TO THE DIRECT DRIVERS FOR THAT ECOSYSTEM. HLDC IS THE FIRST STOP FOR INFORMATION ON A VARIETY OF BUSINESS NEEDS, WORKS WITH BUSINESSES LOOKING TO START, EXPAND OR RELOCATE IN HUBBARD COUNTY, CREATES AND IMPROVES ACCESS TO CAPITAL FOR BUSINESSES AND LOCAL GOVERNMENTS AND IS AT THE FOREFRONT OF CREATING AN ENTREPRENEURSHIP PIPELINE. HLDC OPERATES A COOPERATIVE WORKSPACE CALLED THE HANGAR WHICH PROVIDES A VARIETY OF SPACE OPTIONS FOR ENTREPRENEURS, SOON TO BE ENTREPRENEURS, SMALL BUSINESSES AND REMOTE WORKERS AS WELL AS NETWORKING AND TRAINING OPPORTUNITIES. HLDC ALSO MANAGES A REVOLVING LOAN FUND FOR THE CITY OF PARK RAPIDS AND MANAGEMENT OF HUBBARD COUNTY HRA-EDA. THE ORGANIZATION ADMINISTERS STATE AND FEDERAL GRANTS TO PROVIDE RESOURCES TO LOCAL BUSINESSES FOR REHABILITATION, HOUSING DEVELOPMENT, INDUSTRIAL PARK DEVELOPMENT, CHILDCARE SUPPORT AND WORKFORCE DEVELOPMENT. IN SUPPORT OF FOSTERING ECONOMIC GROWTH HLDC, DEVELOPED A MULTIFAMILY HOUSING PROJECT TO PROVIDE AFFORDABLE HOUSING TO THE WORKERS THAT LOCAL EMPLOYERS ARE WORKING TO ATTRACT. THE DEVELOPMENT ALSO INCLUDED SPECIAL FAMILY CHILDCARE UNITS TO INCREASE THE NUMBER OF CHILDCARE SLOTS AVAILABLE IN THE COMMUNITY.Expenses $473,557 · revenue $156,544
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4208381
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $6,754,730
- Income (IRS master file)
- $889,898
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $887,618 | $752,724 | $6,754,730 | XML |
| 990 | December 2023 | $922,283 | $588,572 | $3,070,645 | XML |
| 990 | December 2022 | $379,772 | $351,438 | $507,422 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 20-4208381).
Questions about HEARTLAND LAKES DEVELOPMENT COMMISSION
- What is the EIN of HEARTLAND LAKES DEVELOPMENT COMMISSION?
- The employer identification number (EIN) of HEARTLAND LAKES DEVELOPMENT COMMISSION is 20-4208381.
- Is HEARTLAND LAKES DEVELOPMENT COMMISSION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to HEARTLAND LAKES DEVELOPMENT COMMISSION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEARTLAND LAKES DEVELOPMENT COMMISSION 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 HEARTLAND LAKES DEVELOPMENT COMMISSION 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 HEARTLAND LAKES DEVELOPMENT COMMISSION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of HEARTLAND LAKES DEVELOPMENT COMMISSION?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $93,200 (MARY THOMPSON, EXECUTIVE DIRECTOR).
- How much revenue does HEARTLAND LAKES DEVELOPMENT COMMISSION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $887,618, expenses of $752,724 and total assets of $6,754,730 at year end.
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