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EIN 41-1611187

Economic Initiatives of Cannon Falls

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Cannon Falls
State
Minnesota
Year formed
2009
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
Economic Initiatives of Cannon Falls was formed to invite and assist new businesses to locate in Cannon Falls, Minnesota. The organization has administered a total of 12 loans to small businesses, including originating 3 new loans during 2022. They also contribute to the local chamber of commerce and another area economic development association to help in the promotion of Cannon Falls.
Total revenues
$19,148
2023
Total expenses
$2,110
2023
Total assets
$642,878
2023
Num. employees
0
2023

Program areas at Economic Initiatives of Cannon Falls

The organization administered a total of 11 loans to small businesses in 2023. Contributions are made to the local chamber of commerce and another area Economic development association to help in promotion of Cannon Falls area businesses.

Personnel at Economic Initiatives of Cannon Falls

NameTitleCompensation
James AlthoffPresident$0
Mary ReinhardtTreasurer$0
Phil JacobsonSecretary$0
Keith MeyersVice President$0
John PetersonPresident$0
...and 2 more key personnel

Financials for Economic Initiatives of Cannon Falls

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$11,705
Investment income and dividends$7,443
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$19,148

Form 990s for Economic Initiatives of Cannon Falls

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-15990View PDF
2022-122023-04-26990View PDF
2021-122022-06-14990View PDF
2020-122021-06-30990View PDF
2019-122020-09-25990View PDF
...and 10 more Form 990s
Data update history
July 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 8, 2023
Updated personnel
Identified 3 new personnel
May 7, 2023
Used new vendors
Identified 1 new vendor, including
October 16, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsTrade associationsChambers of commerceBusiness and community development organizations
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelNo full-time employees
General information
Address
705 Cannon Industrial Blvd
Cannon Falls, MN 55009
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Goodhue County, MN
Phone
(507) 263-4945
IRS details
EIN
41-1611187
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2009
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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