Best Christmas Ever Inc
- Assets
- $723.1k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Cloquet, MN
- Founding
- 08/2014
- Data as of
- 06/2023
- EIN
- 46-4729005
Organization Overview
Best Christmas Ever Inc is located in Cloquet, MN. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2023, Best Christmas Ever Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Best Christmas Ever Inc 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 06/2023, Best Christmas Ever Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 25.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BENEVOLENT ASSISTANCE TO FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A CHRISTMAS EXPERIENCE FOR THOSE FACING HARDSHIPS OF ILLNESS, DEATH, OR FINANCIAL COMPLICATIONS. IN FISCAL YEAR 2022, THE ORGANIZATION SERVED 263 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Liimatainen President | OfficerTrustee | 40 | $74,000 |
Lou Nanne Chairperson | OfficerTrustee | 4 | $0 |
Ole Hovde Vice Chair | OfficerTrustee | 2 | $0 |
Dave Guckenberg Treasurer | OfficerTrustee | 2 | $0 |
Tanner Londo Secretary | OfficerTrustee | 2 | $0 |
Bj Lindgren Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,887 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,955,656 |
| Noncash contributions included in lines 1a–1f | $434,428 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,991,543 |
| Total Program Service Revenue | $0 |
| Investment income | $2,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,653 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,003,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,685,256 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,220 |
| Compensation of current officers, directors, key employees. | $26,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,810 |
| Pension plan accruals and contributions | $3,048 |
| Other employee benefits | $6,600 |
| Payroll taxes | $24,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,401 |
| Fees for services: Accounting | $6,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,512 |
| Fees for services: Other | $28,316 |
| Advertising and promotion | $11,517 |
| Office expenses | $6,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $533 |
| Travel | $16,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,325 |
| Insurance | $4,931 |
| All other expenses | $6,383 |
| Total functional expenses | $2,101,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,393 |
| Savings and temporary cash investments | $218,082 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,190 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,926 |
| Investments—publicly traded securities | $211,498 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $723,089 |
| Accounts payable and accrued expenses | $49,544 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $49,544 |
| Net assets without donor restrictions | $673,545 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $723,089 |