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EIN 41-1543292

Brainerd Lakes Area Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
4
City
Brainerd
State
Minnesota
Year formed
1985
Most recent tax filings
2022-12-01
NTEE code, primary
S30: Economic Development
Description
Brainerd Lakes Area Economic Development Corporation engages in general economic development activities, attracts new industry, retains present industry and focuses on workforce development in Brainerd and the surrounding area. The corporation is involved in community promotion and workforce promotion by offering various programs to attract new industry and retain present industry in the region.
Also known as...
Brainerd Lakes Area Development Corporation
Total revenues
$593,859
2022
Total expenses
$538,034
2022
Total assets
$2,443,437
2022
Num. employees
4
2022

Program areas at Brainerd Lakes Area Economic Development Corporation

Involved in attracting new industry and retaining present industry in the Area.
Involved in new Development, re-development or renewal
Involved in community promotion and workforce promotion
Encouraging and promoting the start-up of new companies

Who funds Brainerd Lakes Area Economic Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Initiative FoundationTo Support A Feasibility Study To Assess Potential Uses for the Existing Baxter City Hall$10,000
Initiative FoundationTo Provide the Blaedc Staff With Tools and Resources To Respond To Any and All Crow Wing County Businesses Requests for Economic Patterns So They Are Able To Make Informed Decisions Regarding Future Growth and Activities$10,000

Personnel at Brainerd Lakes Area Economic Development Corporation

NameTitleCompensation
Tyler GlynnExecutive Director$108,384
Alison MedeckSpecial Initiatives Director
Mike BjerknessWorkforce Director
Halie MajerusMarketing Manager
Tom HaglinPast Board President$0
...and 6 more key personnel

Financials for Brainerd Lakes Area Economic Development Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$351,250
Program services$189,450
Investment income and dividends$39,735
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-278
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$13,702
Total revenues$593,859

Form 990s for Brainerd Lakes Area Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-10990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-03-31990View PDF
2018-122020-01-27990View PDF
...and 9 more Form 990s
Data update history
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 12, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from Initiative Foundation
December 29, 2022
Updated personnel
Identified 18 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
MembershipsState / local levelReceives government fundingEndowed supportTax deductible donationsAccepts online donations
General information
Address
224 W Washington St
Brainerd, MN 56401
County
Crow Wing County, MN
Website URL
growbrainerdlakes.org/ 
Phone
(218) 828-0096
IRS details
EIN
41-1543292
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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