Nonprofit · EIN 41-0907640
ITASCA LIFE OPTIONS
Tax-exempt · GRAND RAPIDS, MN 55744
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,326,711 | $2,064,478 | $262,233 | $2,576,915 | $194,913 | $2,382,002 |
| December 31, 2023 | 990 | $2,064,074 | $1,750,825 | $313,249 | $2,333,297 | $213,528 | $2,119,769 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $30,741
- Program service revenue
- $2,267,833
- Investment income
- $28,137
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $79,865
- Other salaries and wages
- $1,199,721
- Salaries, compensation and benefits (total)
- $1,470,245
- Professional fundraising fees
- $0
- Accounting fees
- $30,737
- Occupancy
- $141,052
- Travel
- $4,191
- Depreciation
- $36,661
- Program services (functional)
- $1,824,999
- Management and general (functional)
- $239,479
Balance sheet and other
- Total assets, start of year
- $2,333,297
- Total assets, end of year
- $2,576,915
- Total liabilities, end of year
- $194,913
- Net assets, end of year
- $2,382,002
- Land, buildings and equipment
- $785,285
- Net assets without donor restrictions
- $2,382,002
- Gross receipts
- $2,326,711
- Employees
- 107
- Volunteers
- 0
- Year formed
- 1965
- 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 |
|---|---|---|---|
| Lisa Lassen | Executive Director Trustee or director | 40 | $79,865 |
| Ann Carlson | Chairperson Trustee or director, Officer | 1 | $0 |
| Ron Evensen | Treasurer Trustee or director, Officer | 3 | $0 |
| Carol Anderson | Vice Chairperson Trustee or director | 1 | $0 |
| Mike Kellin | Director Trustee or director | 1 | $0 |
| Marie Sippola | Director Trustee or director | 1 | $0 |
| Linda Johns | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Lassen | Executive Director Trustee or director | 40 | $77,772 |
| Ann Carlson | Chairperson Trustee or director, Officer | 1 | $0 |
| Ron Evensen | Treasurer Trustee or director, Officer | 3 | $0 |
| Carol Anderson | Vice Chairperson Trustee or director | 1 | $0 |
| Mike Kellin | Board Member Trustee or director | 1 | $0 |
| Marie Sippola | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 421 SE 13TH ST, GRAND RAPIDS, MN 55744-4257
- Principal officer (990 for 2024)
- Lisa Lassen, PO Box 20, Grand Rapids, MN 55744
- Signed the 990
- Lisa Lassen, Executive Director
- Phone
- (218) 322-6501
- Return prepared by
- Itasca Tax and Consulting Service
Mission
To provide day training and habilitiation services
Program accomplishments
- The adult program served approximately 86 clients living in Itasca CountyExpenses $1,824,999 · revenue $2,267,833
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
- 41-0907640
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P820)
- Assets (IRS master file)
- $2,576,915
- Income (IRS master file)
- $2,326,711
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,326,711 | $2,064,478 | $2,576,915 | XML |
| 990 | December 2023 | $2,064,074 | $1,750,825 | $2,333,297 | XML |
| 990 | December 2022 | $1,672,489 | $1,426,637 | $1,931,692 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 41-0907640).
Questions about ITASCA LIFE OPTIONS
- What is the EIN of ITASCA LIFE OPTIONS?
- The employer identification number (EIN) of ITASCA LIFE OPTIONS is 41-0907640.
- Is ITASCA LIFE OPTIONS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to ITASCA LIFE OPTIONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ITASCA LIFE OPTIONS 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 ITASCA LIFE OPTIONS 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 ITASCA LIFE OPTIONS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ITASCA LIFE OPTIONS?
- The 990 for the year ended December 31, 2024 names Lisa Lassen.
- Who are the officers and directors of ITASCA LIFE OPTIONS?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $79,865 (Lisa Lassen, Executive Director).
- How much revenue does ITASCA LIFE OPTIONS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,326,711, expenses of $2,064,478 and total assets of $2,576,915 at year end.
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- ITASCA COUNTY FAMILY YOUNG MENS CHRISTIAN ASSOCIATION INC EIN 41-1358634 · last filed 990 for 2024
- GRACE HOUSE OF ITASCA COUNTY EIN 14-1974011 · last filed 990 for 2024
- ADVOCATES FOR FAMILY PEACE EIN 41-1377489 · last filed 990 for 2025
- ELDERCIRCLE EIN 41-1994691 · last filed 990 for 2024
- NEW BEGINNINGS PREGNANCY CARE CENTER EIN 03-0579091 · last filed 990 for 2024
- MISSION RESTART INC EIN 86-1681204 · last filed 990-EZ for 2025
- ITASCA HOSPICE FOUNDATION EIN 41-1375722 · last filed 990-N for 2024