Nonprofit · EIN 54-2078452
TEAM FOR ECONOMIC ACTION IN MOLALLA
Tax-exempt · MOLALLA, OR 97038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $0 | – | – | $7,807 | – | $7,807 |
| December 31, 2023 | 990-EZ | $0 | $586 | -$586 | $7,807 | – | $7,807 |
| December 31, 2021 | 990 | $226,142 | $51,236 | $174,906 | $180,089 | $0 | $180,089 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
Expenses
- Compensation of officers, directors and key employees
- $0
- Program services (functional)
- $13,397
Balance sheet and other
- Total assets, start of year
- $7,807
- Total assets, end of year
- $7,807
- Total liabilities, end of year
- –
- Net assets, end of year
- $7,807
- Cash, savings and investments
- $7,807
- Gross receipts
- $13,397
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CONNIE SHARP | Director | 5 | $0 |
| JILL GATES | Director | 0.5 | $0 |
| LINDA RODRIGUEZ | Director | 0.5 | $0 |
| BOB JONES | Director | 0.5 | $0 |
| DARREL SANDQUIST | Director | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CONNIE FARRENS | Director | 5 | $0 |
| JIM TAYLOR | Director | 0.5 | $0 |
| DALE SATRUM | Director | 0.5 | $0 |
| BILL AVISON | Director | 0.5 | $0 |
| LORI POWERS | Director | 0.5 | $0 |
| ROGER PETERSON | Director | 0.5 | $0 |
| MITCH MAGENHEIMER | Director | 0.5 | $0 |
| DOUG JORGENSON | Director | 0.5 | $0 |
| DARREL SANDQUIST | Director | 0.5 | $0 |
990 for the year ended December 31, 2021: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CONNIE FARRENS | Director Trustee or director | 5 | $0 |
| JIM TAYLOR | Director Trustee or director | 0.5 | $0 |
| DALE SATRUM | Director Trustee or director | 0.5 | $0 |
| BILL AVISON | Director Trustee or director | 0.5 | $0 |
| LORI POWERS | Director Trustee or director | 0.5 | $0 |
| ROGER PETERSON | Director Trustee or director | 0.5 | $0 |
| MITCH MAGENHEIMER | Director Trustee or director | 0.5 | $0 |
| DOUG JORGENSON | Director Trustee or director | 0.5 | $0 |
| DARREL SANDQUIST | Director Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 109 E MAIN STREET, MOLALLA, OR 97038-0000
- In care of
- % BILL AVISON
- Mailing address (990-N for 2020)
- PO Box 472, Molalla OR 97038
- Principal officer (990-N for 2020)
- Connie D Farrens, PO Box 472, Molalla OR 97038
- Signed the 990-EZ
- CONNIE SHARP, Director
- Phone
- (503) 706-2577
- Return prepared by
- Mistie Hesse CPA
Mission
To build and maintain strong, diverse business districts; to create and retain living wage jobs; and to promote Molalla as a rewarding place to work, live, invest, and shop.
Program accomplishments
- To build and maintain strong, diverse business districts; to create and retain living wage jobs; and to promote Molalla as a rewarding place to work, live, invest, and shop.Expenses $13,397
- Clackamas County Long-term Recovery Group
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 54-2078452
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $7,807
- Income (IRS master file)
- $13,397
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $0 | – | $7,807 | IRS |
| 990-EZ | December 2023 | $0 | $586 | $7,807 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | $226,142 | $51,236 | $180,089 | XML |
| 990-N for 2020 Officer: Connie D Farrens | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Bill Avison | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 54-2078452).
Questions about TEAM FOR ECONOMIC ACTION IN MOLALLA
- What is the EIN of TEAM FOR ECONOMIC ACTION IN MOLALLA?
- The employer identification number (EIN) of TEAM FOR ECONOMIC ACTION IN MOLALLA is 54-2078452.
- Is TEAM FOR ECONOMIC ACTION IN MOLALLA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to TEAM FOR ECONOMIC ACTION IN MOLALLA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEAM FOR ECONOMIC ACTION IN MOLALLA file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of TEAM FOR ECONOMIC ACTION IN MOLALLA 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 TEAM FOR ECONOMIC ACTION IN MOLALLA last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of TEAM FOR ECONOMIC ACTION IN MOLALLA?
- The 990-N for 2020 names Connie D Farrens.
- Who are the officers and directors of TEAM FOR ECONOMIC ACTION IN MOLALLA?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does TEAM FOR ECONOMIC ACTION IN MOLALLA have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $0 and total assets of $7,807 at year end.
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All nonprofits in MOLALLA · Oregon · Community improvement and capacity building