Park Rapids Downtown Business Association
- Assets
- $58.9k
- Revenue
- $89.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Park Rapids, MN
- Founding
- Data as of
- 12/2021
- EIN
- 85-1408916
Organization Overview
Park Rapids Downtown Business Association is located in Park Rapids, MN. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Park Rapids Downtown Business Association 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, Park Rapids Downtown Business Association generated $89.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $86.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Wizik Wills Chair | 4 | $0 | |
Mike Bruhn Member | 1 | $0 | |
Debbie Tostenson Vice Chair | 1 | $0 | |
Kathy Grell Sec/treas | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,117 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$15,040 |
| Other Income | $0 |
| Total Revenue | $89,077 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,327 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $27,291 |
| Other expenses | $53,448 |
| Total operating and administrative expenses | $85,864 |
| Contributions, gifts, grants paid | $431 |
| Total expenses and disbursements | $86,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,199 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,497 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $275 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $13,955 |
| Other assets | $0 |
| Total assets | $58,926 |
| Accounts payable and accrued expenses | $2,496 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,080 |
| Total liabilities | $7,576 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakes And Pines Community Action Council Inc Mora, MN | $3,434,723 | $9,795,071 |
Community Action Inc Of Rock And Walworth Counties Beloit, WI | $10,640,793 | $9,364,558 |
Kootasca Community Action Inc Grand Rapids, MN | $3,733,183 | $8,667,071 |
Impact Seven Incorporated Rice Lake, WI | $149,638,063 | $17,926,158 |
North Central Community Action Program Inc wisconsin rapids, WI | $2,366,497 | $7,790,312 |
St Paul Auto Dealers And District 77 Lodge Iamaw Joint Fund Bloomington, MN | $6,441,158 | $6,840,517 |
Community Facility Public Private Partnerships Minnetonka, MN | $139,342,573 | $6,847,373 |
Emerge Community Development Minneapolis, MN | $6,688,888 | $6,982,216 |
Regional Development Authority Davenport, IA | $4,541,432 | $7,109,702 |
Southwestern Minnesota Opportunity Council Inc Worthington, MN | $6,681,573 | $5,602,564 |
Thunder Valley Community Development Corporation Porcupine, SD | $24,786,426 | $14,048,128 |
South Central Iowa Community Action Program Inc Chariton, IA | $1,633,928 | $5,339,343 |