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EIN 41-1297431

Community Development of Morrison County

IRS 501(c) type
501(c)(6)
Num. employees
1
City
Little Falls
State
Minnesota
Year formed
1968
Most recent tax filings
2023-06-01
NTEE code, primary
S30: Economic Development
Description
Community Development of Morrison County encourages, promotes, develops and establishes industrial, commercial, and other businesses in Little Falls and Morrison County. It receives funds from the U.S. Department of Agriculture Rural Business-Cooperative Service, the county, and the city to promote economic development. During fiscal year 2023, CDMC issued one loan to provide working capital, inventory acquisitions, and improvements and additions to capital assets. Currently, it has a total of 15 loans outstanding with interest rates varying from 4.00% to 7.00%.
Total revenues
$194,305
2023
Total expenses
$117,411
2023
Total assets
$1,970,664
2023
Num. employees
1
2023

Program areas at Community Development of Morrison County

Cdmc issued one loan during fiscal year 2023. Loans used to assist economic Development by providing funds for working capital, inventory acquisitions, and improvements and additions to capital assets.
The organization (cdmc) has a total of 15 loans outstanding with interest rates ranging from 4.00% to 7.00%
.

Personnel at Community Development of Morrison County

NameTitleCompensation
Carol AndersonExecutive Director$68,600
Paula KampaVice President$0
Doug DahlbergTreasurer$0
Mo DurheimPresident$0
Sandy VoigtSecretary$0
...and 4 more key personnel

Financials for Community Development of Morrison County

RevenuesFYE 06/2023
Total grants, contributions, etc.$148,090
Program services$43,138
Investment income and dividends$3,077
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$194,305

Form 990s for Community Development of Morrison County

Fiscal year endingDate received by IRSFormPDF link
2023-062023-10-17990View PDF
2022-062022-10-18990View PDF
2021-062021-11-08990View PDF
2019-062020-02-10990View PDF
2018-062019-03-15990View PDF
...and 8 more Form 990s
Data update history
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2023
November 27, 2023
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 8, 2023
Updated personnel
Identified 1 new personnel
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
MembershipsState / local levelReceives government fundingManagement and technical assistance
General information
Address
PO Box 356
Little Falls, MN 56345
County
Morrison County, MN
Website URL
cdc.morrison.mn.us/ 
Phone
(320) 632-5466
IRS details
EIN
41-1297431
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1968
Eligible to receive tax-deductible contributions (Pub 78)
No
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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