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Nonprofit · EIN 41-1297431

COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC

Tax-exempt · LITTLE FALLS, MN 56345

Financials

$219K$179K2023$207K$153K2024
Revenue Expenses · by fiscal year end
Financials of COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$206,951$152,834$54,117$1,934,774$393,728$1,541,046
June 30, 2024990$219,271$179,065$40,206$1,954,321$467,392$1,486,929
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$139,110
of which government grants
$109,000
Membership dues
$30,110
Program service revenue
$50,574
Investment income
$17,267
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$84,415
Salaries, compensation and benefits (total)
$106,295
Professional fundraising fees
$0
Accounting fees
$31,730
Occupancy
$4,381
Travel
$1,266
Depreciation
$473

Balance sheet and other

Total assets, start of year
$1,954,321
Total assets, end of year
$1,934,774
Total liabilities, end of year
$393,728
Net assets, end of year
$1,541,046
Land, buildings and equipment
$22,125
Net assets without donor restrictions
$1,512,252
Net assets with donor restrictions
$28,794
Gross receipts
$206,951
Employees
1
Volunteers
17
Year formed
1968
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CAROL ANDERSONEXECUTIVE DI
Officer
40$81,463$14,893
SANDY VOIGTPRESIDENT
Officer
2$0$0
MO DURHEIMVICE PRESIDE
Officer
2$0$0
JULIE ZUPKOSECRETARY
Officer
2$0$0
DOUG DAHLBERGTREASURER
Officer
2$0$0
PAULA KAMPAPAST PRESIDE
Officer
1$0$0
JOE BERGDIRECTOR
Trustee or director
1$0$0
GREG ZYLKADIRECTOR
Trustee or director
1$0$0
AUBREY HOGGARTH-COOKDIRECTOR
Trustee or director
1$0$0
JASON JOHNSONDIRECTOR
Trustee or director
1$0$0
DAN ORTLOFFDIRECTOR
Trustee or director
1$0$0
SARA POSTERICKDIRECTOR
Trustee or director
1$0$0
SUSAN PROSAPIODIRECTOR
Trustee or director
1$0$0
JEREMY VIRNIGDIRECTOR
Trustee or director
1$0$0
JEFF STUMPFDIRECTOR
Trustee or director
1$0$0
3 more people on this return
NameTitleHours / weekCompensation
BOBBY KASPEREX-OFFICIO
Trustee or director
1$0
ALEX SMITHEX-OFFICIO
Trustee or director
1$0
GREG JOHNSONEX-OFFICIO
Trustee or director
1$0
990 for the year ended June 30, 2024: 20 people
NameTitleHours / weekCompensationOther / benefits
CAROL ANDERSONEXECUTIVE DI
Officer
40$74,596$14,037
PAULA KAMPAPRESIDENT
Officer
2$0$0
SANDY VOIGTVICE PRESIDE
Officer
2$0$0
JULIE ZUPKOSECRETARY
Officer
2$0$0
DOUG DAHLBERGTREASURER
Officer
2$0$0
MO DURHEIMPAST PRESIDE
Officer
2$0$0
JOE BERGDIRECTOR
Trustee or director
1$0$0
ROXANNE MATSENDIRECTOR
Trustee or director
1$0$0
GREG ZYLKADIRECTOR
Trustee or director
1$0$0
AUBREY HOGGARTH-COOKDIRECTOR
Trustee or director
1$0$0
JASON JOHNSONDIRECTOR
Trustee or director
1$0$0
DAN ORTLOFFDIRECTOR
Trustee or director
1$0$0
SARA POSTERICKDIRECTOR
Trustee or director
1$0$0
SUSAN PROSAPIODIRECTOR
Trustee or director
1$0$0
JEREMY VIRNIGDIRECTOR
Trustee or director
1$0$0
JEFF STUMPFDIRECTOR
Trustee or director
1$0$0
JOHN JOYCEDIRECTOR
Trustee or director
1$0$0
JON RADEMACHEREX-OFFICIO
Trustee or director
1$0$0
BOBBY KASPEREX-OFFICIO
Trustee or director
1$0$0
GREG JOHNSONEX-OFFICIO
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
PO BOX 356, LITTLE FALLS, MN 56345-0356
Principal officer (990 for 2024)
CAROL ANDERSON
Signed the 990
CAROL ANDERSON, EXECUTIVE DIRECTOR
Phone
(320) 632-5466
Return prepared by
RTO PA

Mission

TO PROMOTE, DEVELOP, AND ESTABLISH INDUSTRIAL, COMMERCIAL AND OTHER BUSINESSES IN LITTLE FALLS AND MORRISON COUNTY. FUNDS ARE RECEIVED FROM THE U.S. DEPARTMENT OF AGRICULTURE RURAL BUSINESS-COOPERATIVE SERVICE, THE COUNTY, AND THE CITY; AND THEN THESE FUNDS ARE LENT OUT TO BUSINESSES. AS LOANS ARE REPAID TO THE ORGANIZATION, ADDITIONAL LOANS ARE MADE.

990 for the year ended June 30, 2025

Program accomplishments

  • CDMC ISSUED ONE LOAN DURING FISCAL YEAR 2025. LOANS USED TO ASSIST ECONOMIC DEVELOPMENT BY PROVIDING FUNDS FOR WORKING CAPITAL, INVENTORY ACQUISITIONS, AND IMPROVEMENTS AND ADDITIONS TO CAPITAL ASSETS.
  • THE ORGANIZATION (CDMC) HAS A TOTAL OF 15 LOANS OUTSTANDING WITH INTEREST RATES RANGING FROM 4.00% TO 7.00%
  • .

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
41-1297431
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1978
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,934,774
Income (IRS master file)
$206,951

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$206,951$152,834$1,934,774XML
990June 2024$219,271$179,065$1,954,321XML
990June 2023$194,305$117,411$1,970,664IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––IRS
990June 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 41-1297431).

Questions about COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC

What is the EIN of COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC?
The employer identification number (EIN) of COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC is 41-1297431.
Is COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1978.
Are donations to COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC 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 COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC?
The 990 for the year ended June 30, 2025 names CAROL ANDERSON.
Who are the officers and directors of COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC?
The 990 for the year ended June 30, 2025 lists 18 people; 1 received compensation from the organization, the highest $81,463 (CAROL ANDERSON, EXECUTIVE DI).
How much revenue does COMMUNITY DEVELOPMENT OF MORRISON COUNTY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $206,951, expenses of $152,834 and total assets of $1,934,774 at year end.

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