Advance Thief River
- Assets
- $344.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Thief River Falls, MN
- Founding
- 11/1984
- Data as of
- 12/2021
- EIN
- 41-1465939
Organization Overview
Advance Thief River is located in Thief River Falls, MN. The organization was established in 1984. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advance Thief River is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Advance Thief River generated $88.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $75.4k during the year ending 12/2021. While expenses have increased by 10.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTE BUSINESS ATTRATION/RETENTION/EXPANSION THROUGH SUPPORT OF AN ECONOMIC DEVELOPMENT DIRECTOR POSITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Carlson Vice President | 2 | $0 | |
Michael Barry President | 2 | $0 | |
Jessica Muller Treasurer | 2 | $0 | |
Beth Nelson Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,150 |
| Total Program Service Revenue | $1,166 |
| Membership dues | $0 |
| Investment income | $7,430 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $88,746 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $675 |
| Other expenses | $74,273 |
| Total expenses | $75,448 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $344,052 |
| Other assets | $0 |
| Total assets | $344,052 |
| Total liabilities | $0 |
| Net assets or fund balances | $344,052 |
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