Nonprofit · EIN 83-4249728
DOWNTOWN ELK RIVER BUSINESS ASSOCIATION
Tax-exempt · ELK RIVER, MN 55330
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $11,702 | $10,958 | $744 | $3,943 | $0 | $3,943 |
| December 31, 2024 | 990-EZ | $9,495 | $9,124 | $371 | $3,199 | $0 | $3,199 |
| December 31, 2023 | 990-EZ | $5,500 | $6,478 | -$978 | $2,827 | $0 | $2,827 |
| December 31, 2022 | 990-EZ | $3,760 | $3,241 | $519 | $3,805 | $0 | $3,805 |
| December 31, 2021 | 990-EZ | $3,175 | $3,240 | -$65 | $4,561 | $0 | $4,561 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $11,702
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $10,958
Balance sheet and other
- Total assets, start of year
- $3,199
- Total assets, end of year
- $3,943
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,943
- Cash, savings and investments
- $3,943
- Gross receipts
- $11,702
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY M OKONEK | TREASURER | 0 | $0 |
990-EZ for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY M OKONEK | TREASURER | 0 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY M OKONEK | TREASURER | 0 | $0 |
990-EZ for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY M OKONEK | TREASURER | 0 | $0 |
990-EZ for the year ended December 31, 2021: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY M OKONEK | TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 630 MAIN ST NW, ELK RIVER, MN 55330-1503
- In care of
- % AMY M OKONEK
- Mailing address (990-N for 2022)
- 630 Main St NW, Elk River MN 55330
- Principal officer (990-N for 2022)
- Amy Michelle O'Konek, 630 Main St NW, Elk River MN 55330
- Signed the 990-EZ
- AMY M OKONEK, TREASURER
- Phone
- (612) 619-3737
- Return prepared by
- KB Taxes and Bookkeeping LLC (KBTB)
Mission
TO IMPROVE ELK RIVER DOWNTOWN, COMMUNITY
Program accomplishments
- THE BEAUTIFICATION OF DOWNTOWN WITH POTS, FLOWERS, EVENTS AND HOLIDAYS DECORATIONS. WE HAD 29 LOCAL BUSINESS AS PART OF OUR ASSOCIATION AND THIS NUMBER IS CONTINUE TO GROW
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 | 990-EZ 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
- 83-4249728
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $3,943
- Income (IRS master file)
- $11,702
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $11,702 | $10,958 | $3,943 | XML |
| 990-EZ | December 2024 | $9,495 | $9,124 | $3,199 | XML |
| 990-EZ | December 2023 | $5,500 | $6,478 | $2,827 | XML |
| 990-N for 2022 Officer: Amy Michelle O'Konek | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2022 | $3,760 | $3,241 | $3,805 | XML |
| 990-EZ | December 2021 | $3,175 | $3,240 | $4,561 | XML |
| 990-N for 2020 | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Tamara Ackerman | 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 83-4249728).
Questions about DOWNTOWN ELK RIVER BUSINESS ASSOCIATION
- What is the EIN of DOWNTOWN ELK RIVER BUSINESS ASSOCIATION?
- The employer identification number (EIN) of DOWNTOWN ELK RIVER BUSINESS ASSOCIATION is 83-4249728.
- Is DOWNTOWN ELK RIVER BUSINESS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2019.
- Are donations to DOWNTOWN ELK RIVER BUSINESS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DOWNTOWN ELK RIVER BUSINESS ASSOCIATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DOWNTOWN ELK RIVER BUSINESS ASSOCIATION 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 DOWNTOWN ELK RIVER BUSINESS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of DOWNTOWN ELK RIVER BUSINESS ASSOCIATION?
- The 990-N for 2022 names Amy Michelle O'Konek.
- Who are the officers and directors of DOWNTOWN ELK RIVER BUSINESS ASSOCIATION?
- The 990-EZ for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does DOWNTOWN ELK RIVER BUSINESS ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $11,702, expenses of $10,958 and total assets of $3,943 at year end.
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