I-94 West Corridor Coalition
- Assets
- $53.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rogers, MN
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 45-4992699
Organization Overview
I-94 West Corridor Coalition is located in Rogers, MN. The organization was established in 2013. According to its NTEE Classification (S30) the organization is classified as: 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. I-94 West Corridor Coalition 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 12/2022, I-94 West Corridor Coalition generated $64.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $66.8k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 6 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
2022
Describe the Organization's Program Activity:
Part 3
THE I-94 WEST CORRIDOR COMPRISES BUSINESSES, INDIVIDUALS, AND GOVERNMENT AGENCIES COMMITTED TO IMPROVING I-94 AND ITS SUPPORT FACILITIES. THE GOAL OF THE PROJECT IS TO COMPLETE THE LANE CAPACITY EXPANSION BY PROVIDING AN ADDITIONAL TRAVEL LANE TO I-94 IN EACH DIRECTION FROM MAPLE GROVE TO ST. CLOUD, AS WELL AS THE ADDITION OF AUXILIARY LANES TO THE BROCKTON LANE INTERCHANGE. THIS PROJECT TARGETS ONE OF THE WORST BOTTLENECKS ON THE SYSTEM AND ALSO HAS THE HIGHEST RATE AND SEVERITY OF CRASHES ON THE I-94 WEST CORRIDOR. I-94 FROM THE 241 IN ST. MICHAEL TO THE 23 IN ST. CLOUD ACCOUNTS FOR 40% OF THE CONGESTION ON MNDOT'S INTERREGIONAL CORRIDOR SYSTEM, YET ACCOUNTS FOR ONLY 1.6% OF THE SYSTEM LENGTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Bot Chairman | 3 | $0 | |
Adam Nafstad Vice Chairman | 1.5 | $0 | |
Matt Leonard Treasurer | 0.75 | $0 | |
Heidi Nelson Secretary | 0.75 | $0 | |
Adam Flaherty Director | 0.75 | $0 | |
Charlotte Gabler Director | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $64,305 |
| Investment income | $41 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,346 |
| 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 | $41,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,571 |
| Total expenses | $66,821 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,337 |
| Other assets | $0 |
| Total assets | $53,337 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,337 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Greater Madison Convention & Visitor Bureau Inc Madison, WI | $7,711,633 | $4,933,152 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Wolf Run Village Inc Watford City, ND | $13,751,715 | $5,775,669 |
Minnesota Business Finance Corporation St Cloud, MN | $6,710,385 | $3,673,437 |
Madison Region Economic Partnership Inc Madison, WI | $2,651,221 | $3,362,304 |