Nonprofit · EIN 41-1543292
BRAINERD LAKES AREA DEVELOPMENT CORPORATION
Tax-exempt · BRAINERD, MN 56401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $582,044 | $751,720 | -$169,676 | $2,181,183 | $36,331 | $2,144,852 |
| December 31, 2023 | 990 | $535,355 | $584,919 | -$49,564 | $2,361,590 | $47,062 | $2,314,528 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $374,711
- of which government grants
- $224,460
- Membership dues
- $140,150
- Program service revenue
- $120,566
- Investment income
- $85,714
- Other revenue
- $1,053
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $124,769
- Other salaries and wages
- $230,072
- Salaries, compensation and benefits (total)
- $394,114
- Professional fundraising fees
- $0
- Accounting fees
- $27,356
- Occupancy
- $23,026
- Depreciation
- $14,732
- Program services (functional)
- $619,173
- Management and general (functional)
- $132,547
Balance sheet and other
- Total assets, start of year
- $2,361,590
- Total assets, end of year
- $2,181,183
- Total liabilities, end of year
- $36,331
- Net assets, end of year
- $2,144,852
- Land, buildings and equipment
- $48,040
- Net assets without donor restrictions
- $601,763
- Net assets with donor restrictions
- $1,543,089
- Gross receipts
- $582,044
- Employees
- 4
- Volunteers
- 10
- Year formed
- 1985
- 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 | Other / benefits |
|---|---|---|---|---|
| TYLER GLYNN | EXECUTIVE DIRECTOR Officer | 40 | $121,135 | $3,634 |
| MICHAEL O BJERKNESS | WORKFORCE DIRECTOR Highest-paid employee | 40 | $106,357 | $3,191 |
| TERRY MCFARLIN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JOHN OHLIN | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| JULIE ANDERHOLM | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MIKE DILLON | PAST PRESIDENT Trustee or director | 1 | $0 | $0 |
| JIM HAAKONSON | PAST PRESIDENT Trustee or director | 0.5 | $0 | $0 |
| TOM HAGLIN | PAST PRESIDENT Trustee or director | 1 | $0 | $0 |
| HARA CHARLIER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDY ISACKSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SANDY ZUTZ-WICZEK | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TYLER GLYNN | EXECUTIVE DIRECTOR Officer | 40 | $139,978 | $2,971 |
| TERRY MCFARLIN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JOHN OHLIN | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| JULIE ANDERHOLM | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JIM HAAKONSON | PAST PRESIDENT Trustee or director | 0.5 | $0 | $0 |
| TOM HAGLIN | PAST PRESIDENT Trustee or director | 1 | $0 | $0 |
| MIKE DILLON | PAST PRESIDENT Trustee or director | 1 | $0 | $0 |
| JANELLE RILEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KARLO GOERGES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SANDY ZUTZ-WICZEK | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 224 W WASHINGTON ST, BRAINERD, MN 56401-2922
- Principal officer (990 for 2024)
- JIM HAAKONSON, 224 WEST WASHINGTON STREET, BRAINERD, MN 56401
- Signed the 990
- JIM HAAKONSON, PAST PRESIDENT
- Phone
- (218) 828-0096
- Website
- WWW.GROWBRAINERDLAKES.ORG/
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
ATTRACTING NEW INDUSTRY, RETAINING PRESENT INDUSTRY, AND GENERAL ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING WORKFORCE DEVELOPMENT IN BRAINERD AND THE SURROUNDING AREA.
Program accomplishments
- INVOLVED IN ATTRACTING NEW INDUSTRY AND RETAINING PRESENT INDUSTRY IN THE AREA.Expenses $404,243 · revenue $8,930
- INVOLVED IN COMMUNITY PROMOTION AND WORKFORCE PROMOTIONExpenses $134,747 · revenue $63,130
- INVOLVED IN NEW DEVELOPMENT, RE-DEVELOPMENT OR RENEWALExpenses $74,110 · revenue $24,253
- ENCOURAGING AND PROMOTING THE START-UP OF NEW COMPANIESExpenses $6,073 · revenue $24,253
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
- 41-1543292
- 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
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40Z)
- Assets (IRS master file)
- $2,181,183
- Income (IRS master file)
- $582,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $582,044 | $751,720 | $2,181,183 | IRS |
| 990 | December 2023 | $535,355 | $584,919 | $2,361,590 | XML |
| 990 | December 2022 | $593,859 | $538,034 | $2,443,437 | 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 41-1543292).
Questions about BRAINERD LAKES AREA DEVELOPMENT CORPORATION
- What is the EIN of BRAINERD LAKES AREA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BRAINERD LAKES AREA DEVELOPMENT CORPORATION is 41-1543292.
- Is BRAINERD LAKES AREA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to BRAINERD LAKES AREA DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRAINERD LAKES AREA DEVELOPMENT CORPORATION 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 BRAINERD LAKES AREA DEVELOPMENT CORPORATION 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 BRAINERD LAKES AREA DEVELOPMENT CORPORATION 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 BRAINERD LAKES AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names JIM HAAKONSON.
- Who are the officers and directors of BRAINERD LAKES AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $121,135 (TYLER GLYNN, EXECUTIVE DIRECTOR).
- How much revenue does BRAINERD LAKES AREA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $582,044, expenses of $751,720 and total assets of $2,181,183 at year end.
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