Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 41-1931233

TIP INC

Also known as TIP OTTERTAIL CHAPTER

Tax-exempt · DETROIT LAKES, MN 56502

Financials

$81K$02023−$227K$48K2024
Revenue Expenses · by fiscal year end
Financials of TIP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-$226,844$48,216-$275,060$447,825$82,148$365,677
December 31, 2023990$80,952$0$80,952$719,461$78,724$640,737
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$39,802
Program service revenue
$0
Investment income
$4
Net income from gaming
-$266,650
Other revenue
-$266,650

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$48,216

Balance sheet and other

Total assets, start of year
$719,461
Total assets, end of year
$447,825
Total liabilities, end of year
$82,148
Net assets, end of year
$365,677
Net assets without donor restrictions
$365,677
Gross unrelated business income
-$314,108
Gross receipts
$12,068,552
Employees
49
Volunteers
1
Year formed
1981
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.

NameTitleHours / weekCompensation
REBECCA FOLENDORFGAMBLING MAN
Trustee or director
40$100,438
JANICE PETERSONVICE PRESIDE
Trustee or director, Officer
40$28,055
SANDRA ERICKSONSECRETARY/TR
Trustee or director, Officer
2$20,093
TONY PETERSONPRESIDENT
Trustee or director, Officer
2$3,030
PETER LODERMEIERBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
DAYLE PETERSONFORMER GAMBL
Trustee or director
40$48,400
JANICE PETERSONVICE PRESIDE
Trustee or director, Officer
40$31,400
TED BREEZEECEO
Trustee or director, Officer
2$0
DOUG PASKEYSECRETARY/TR
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 1673, DETROIT LAKES, MN 56502-1673
In care of
% DENNIS MACKEDANZ
Principal officer (990 for 2024)
TONY PETERSON, PO BOX 1673, DETROIT LAKES, MN 56502
Signed the 990
REBECCA FOLENDORF, GAMBLING MANAGER
Phone
(218) 841-1019
Return prepared by
B JOHNSON & ASSOC LTD

Mission

EDUCATE THE PUBLIC AGAINST POACHING AND ENCOURAGE THEM TO REPORT NATURAL RESOURCE VIOLATIONS, PRIMARILY THROUGH ITS SUPPORT OF TIP INC.

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATE PUBLIC AGAINST POACHING AND ENCOURAGE THEM TO REPORT NATURAL RESOURCE VIOLATIONS, PRIMARILY THROUGH ITS SUPPORT OF TIP INC.
    Expenses $48,216

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1931233
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Exempt since
1940
Accounting year ends
December
Files
Form 990 or 990-EZ
Group exemption
9490: TIP INC
Assets (IRS master file)
$447,825
Income (IRS master file)
$12,068,552

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024-$226,844$48,216$447,825IRS
990-TDecember 2024–––IRS
990December 2023$80,952$0$719,461XML
990-TDecember 2023–––IRS
990December 2022$29,602$0$655,428IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 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 41-1931233).

Questions about TIP INC

What is the EIN of TIP INC?
The employer identification number (EIN) of TIP INC is 41-1931233.
Is TIP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1940.
Which annual return does TIP 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 TIP INC 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 TIP INC 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 TIP INC?
The 990 for the year ended December 31, 2024 names TONY PETERSON.
Who are the officers and directors of TIP INC?
The 990 for the year ended December 31, 2024 lists 5 people; 4 received compensation from the organization, the highest $100,438 (REBECCA FOLENDORF, GAMBLING MAN).
How much revenue does TIP INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of -$226,844, expenses of $48,216 and total assets of $447,825 at year end.

Other nonprofits in DETROIT LAKES

All nonprofits in DETROIT LAKES · Minnesota