Lincoln Park Business Group
- Assets
- $51.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 41-6037915
Organization Overview
Lincoln Park Business Group is located in Duluth, MN. The organization was established in 1999. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Park Business Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lincoln Park Business Group generated $30.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $17.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. 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
ENGAGED IN LINCOLN PARK BUSINESS DEVELOPMENT, INCLUDING RETENTION, EXPANSION, AND RECRUITMENT OF BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Mattson Executive Di | 0 | $1,483 | |
Stephanie Lafleur President | 0 | $0 | |
Cameron Kruger Vice Preside | 0 | $0 | |
Ryan Kern Secretary | 0 | $0 | |
Doug Bremer Treasurer | 0 | $0 | |
Todd Johnson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $693 |
| Total Program Service Revenue | $2,800 |
| Membership dues | $13,385 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,844 |
| Other Revenue | $4,572 |
| Total Revenue | $30,304 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,330 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $3,300 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,860 |
| Total expenses | $17,490 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,871 |
| Other assets | $0 |
| Total assets | $51,166 |
| Total liabilities | $0 |
| Net assets or fund balances | $51,166 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lincoln Park Business Group has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Duluth Superior Area Community Foundation Inc Duluth, MN PURPOSE: LINCOLN PARK PRIDE AND BEAUTIFICATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Destination Medical Center Corporation Rochester, MN | $379,838 | $2,053,572 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |
Northside Economic Opportunity Network Minneapolis, MN | $8,534,205 | $5,326,140 |
Greater Fargo Moorhead Economic Development Corporation Fargo, ND | $1,995,409 | $1,379,514 |
Pottawattamie County Development Corporation Council Bluffs, IA | $7,450,789 | $1,451,387 |
Newbo City Market Cedar Rapids, IA | $2,228,131 | $819,874 |
Northspan Group Incorporated Duluth, MN | $484,560 | $824,081 |
Ocdc Inc Orange City, IA | $11,104,202 | $1,328,566 |
West Broadway Area Coalition Minneapolis, MN | $5,268,017 | $711,000 |