Nonprofit · EIN 41-1814231
NORTHSHORE BUSINESS ENTERPRISE CENTER INC
Tax-exempt · TWO HARBORS, MN 55616
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $161,674 | $165,454 | -$3,780 | $798,479 | $0 | $798,479 |
| December 31, 2024 | 990 | $221,179 | $160,380 | $60,799 | $802,259 | $0 | $802,259 |
| December 31, 2023 | 990 | $93,958 | $128,628 | -$34,670 | $741,460 | $0 | $741,460 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $9,472
- Program service revenue
- $123,611
- Investment income
- $12,953
- Other revenue
- $15,638
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $800
- Occupancy
- $24,340
- Travel
- $42
- Depreciation
- $35,544
- Program services (functional)
- $164,208
- Management and general (functional)
- $1,246
Balance sheet and other
- Total assets, start of year
- $802,259
- Total assets, end of year
- $798,479
- Total liabilities, end of year
- $0
- Net assets, end of year
- $798,479
- Land, buildings and equipment
- $564,630
- Net assets without donor restrictions
- $798,479
- Gross receipts
- $161,674
- Employees
- 0
- Year formed
- 1955
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSE AMESBURY | DIRECTOR Trustee or director | 1 | $0 |
| KEN CAVALLIN | DIRECTOR Trustee or director | 1 | $0 |
| TERRI MCDANNOLD | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| DENNIS MOEN | VICE-CHAIRMA Trustee or director, Officer | 1 | $0 |
| LAUREL UDENBERG | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| RANDY WILLERT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSE AMESBURY | DIRECTOR Trustee or director | 1 | $0 |
| KEN CAVALLIN | DIRECTOR Trustee or director | 1 | $0 |
| TERRI MCDANNOLD | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| DENNIS MOEN | VICE-CHAIRMA Trustee or director, Officer | 1 | $0 |
| LAUREL UDENBERG | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| RANDY WILLERT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSE AMESBURY | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| KEN CAVALLIN | DIRECTOR Trustee or director | 1 | $0 |
| TERRI MCDANNOLD | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| DENNIS MOEN | VICE-CHAIRMA Trustee or director, Officer | 1 | $0 |
| LAUREL UDENBERG | DIRECTOR Trustee or director | 1 | $0 |
| RANDY WILLERT | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 248, TWO HARBORS, MN 55616-0248
- In care of
- % GENE BETTS
- Principal officer (990 for 2025)
- LAUREL UDENBERG, 1313 FAIRGROUND ROAD, TWO HARBORS, MN 55616
- Signed the 990
- LAUREL UDENBERG, CHAIRPERSON
- Phone
- (218) 834-3384
- Website
- WWW.NSBEC.COM
- Return prepared by
- LICARI LARSEN AND COMPANY
Mission
ENHANCE ECONOMIC CLIMATE OF AREA.
Program accomplishments
- INCUBATION CENTER FOR SMALL BUSINESSES.Expenses $128,664
- ENHANCE THE ECONOMIC CLIMATE OF THE AREAExpenses $35,544
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 | 990 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
- 41-1814231
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $798,479
- Income (IRS master file)
- $161,674
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $161,674 | $165,454 | $798,479 | XML |
| 990 | December 2024 | $221,179 | $160,380 | $802,259 | XML |
| 990 | December 2023 | $93,958 | $128,628 | $741,460 | XML |
| 990 | December 2022 | $104,328 | $153,528 | $776,130 | 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 41-1814231).
Questions about NORTHSHORE BUSINESS ENTERPRISE CENTER INC
- What is the EIN of NORTHSHORE BUSINESS ENTERPRISE CENTER INC?
- The employer identification number (EIN) of NORTHSHORE BUSINESS ENTERPRISE CENTER INC is 41-1814231.
- Is NORTHSHORE BUSINESS ENTERPRISE CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to NORTHSHORE BUSINESS ENTERPRISE CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTHSHORE BUSINESS ENTERPRISE CENTER 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 NORTHSHORE BUSINESS ENTERPRISE CENTER INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTHSHORE BUSINESS ENTERPRISE CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NORTHSHORE BUSINESS ENTERPRISE CENTER INC?
- The 990 for the year ended December 31, 2025 names LAUREL UDENBERG.
- Who are the officers and directors of NORTHSHORE BUSINESS ENTERPRISE CENTER INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does NORTHSHORE BUSINESS ENTERPRISE CENTER INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $161,674, expenses of $165,454 and total assets of $798,479 at year end.
Other nonprofits in TWO HARBORS
- LOVIN LAKE COUNTY EIN 83-3336356 · last filed 990 for 2024
- TWO HARBORS AREA FOOD SHELF EIN 47-1321541 · last filed 990 for 2025
- BEACONS OF HOPE EIN 82-2574815 · last filed 990-N for 2023
- AMERICAN ASSOCIATION OF BIRTH CENTERS EIN 84-4574066 · last filed 990-N for 2025
- LAKE VIEW MEMORIAL HOSPITAL INC EIN 41-0786046 · last filed 990 for 2025
- COOPERATIVE LIGHT AND POWER ASSOCIATION OF LAKE COUNTY EIN 41-0203975 · last filed 990 for 2024
- LAKE COUNTY AMBULANCE SERVICE EIN 41-1893902 · last filed 990 for 2025
- WILDERNESS HEALTH EIN 46-5482766 · last filed 990 for 2024
All nonprofits in TWO HARBORS · Minnesota · Community improvement and capacity building