Nonprofit · EIN 41-1366251
50TH & FRANCE BUSINESS & PROFESSIONAL ASSN
Tax-exempt · EDINA, MN 55424
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $476,195 | $533,665 | -$57,470 | $111,234 | $1,225 | $110,009 |
| December 31, 2023 | 990 | $429,884 | $353,002 | $76,882 | $185,898 | $20,860 | $165,038 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $476,088
- Investment income
- $107
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $50,404
- Salaries, compensation and benefits (total)
- $54,952
- Professional fundraising fees
- $0
- Accounting fees
- $29,669
- Occupancy
- $15,813
- Depreciation
- $1,090
- Program services (functional)
- $249,250
- Management and general (functional)
- $31,937
- Fundraising (functional)
- $252,478
Balance sheet and other
- Total assets, start of year
- $185,898
- Total assets, end of year
- $111,234
- Total liabilities, end of year
- $1,225
- Net assets, end of year
- $110,009
- Net assets without donor restrictions
- $110,009
- Gross receipts
- $476,195
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1941
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rebecca Sorensen | Executive Director Trustee or director, Key employee, Highest-paid employee | 30 | $52,000 |
| Pete Deanovic | President Trustee or director, Officer | 0 | $0 |
| Jenifer Kent | Treasurer Trustee or director, Officer | 0 | $0 |
| Andrea Hunt | Vice President Trustee or director, Officer | 0 | $0 |
| Jackie Wallin | Director Trustee or director | 0 | $0 |
| Michael Giacomini | Director Trustee or director | 0 | $0 |
| Michelle Mann | Director Trustee or director | 0 | $0 |
| Lyndsey Jacques | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RYAN WEBER | PAST PRESIDENT Trustee or director | 0 | $0 |
| JENIFER KENT | TREASURER Trustee or director, Officer | 0 | $0 |
| PETER DEANOVIC | PRESIDENT Trustee or director, Officer | 0 | $0 |
| ANDREA HUNT | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| JACKIE WALLIN | DIRECTOR Trustee or director | 0 | $0 |
| LYNDSEY JACQUES | BOARD MEMBER Trustee or director | 0 | $0 |
| MICHAEL GIACOMINI | BOARD MEMBER Trustee or director | 0 | $0 |
| MICHELLE MANN | BOARD MEMBER Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3902 W 50TH ST STE C, EDINA, MN 55424-1259
- Principal officer (990 for 2024)
- Rebecca Sorensen, 3902 W 50th Street, Suite C, Edina, MN 55424
- Signed the 990
- Rebecca Sorensen, Executive Director
- Phone
- (612) 968-0772
- Website
- 50thandfrance.com
Mission
THE ASSOCIATION PROMOTES THE GENERAL WELFARE AND ECONOMIC WELL-BEING OF THE 50TH AND FRANCE BUSINESS DISTRICT AND TO ACCOMPLISH MORE COLLECTIVELY THAN COULD BE ACHIEVED INDIVIDUALLY IN THE FOLLOWING AREAS: ADVERTISING, MARKETING AND PROMOTION, OPERATIONS, MEMBER COMMUNICATIONS, COMMUNITY RELATIONS, PUBLIC RELATIONS, MEMBER SERVICES, DEVELOPMENT ISSUES, AND GOVERNMENT RELATIONS.
Program accomplishments
- MEMBERSHIP - WE OFFER MANY BENEFITS TO OUR MEMBERS SUCH AS: WEBSITE PAGE, NETWORKING EVENTS, MONTHLY NEWSLETTER, BEATIFICATION PROJECTS, AND OPPORTUNITIES TO PROMOTE BUSINESS EVENTS ON SOCIAL MEDIA. THE ASSOCIATION ACTS AS A PLACE OF INFORMATION, A LIAISON WITH BOTH CITY DISTRICTS, A PLACE TO VOICE OPINIONS OR CONCERNS. CHANGES MEMBERS WOULD LIKE TO ACCOMPLISH ARE EVENTS - WE HOST EDINA ART FAIR, LADIES NIGHTS OUT, FASHION SHOWS, RESTAURANT WEEKS, ETC, DRIVEN DIRECTLY BY THE ASSOCIATION. WE ARE THE BRIDGE FROM BUSINESS TO BUSINESS AND CITY TO CITY.Expenses $43,409
- EVENTS - WE HOST EDINA ART FAIR, LADIES NIGHTS OUT, FASHION SHOWS, RESTAURANT WEEKS, ETC. DRIVEN DIRECTLY BY THE ASSOCIATION. WE ARE THE BRIDGE FROM BUSINESS TO BUSINESS AND CITY TO CITY. HOLIDAY TREE LIGHTING, AND A PUMPKIN FEST EVENT IN WHICH WE HOST AT 50TH & FRANCE. EACH EVENT DRAWS IN VISITORS ANYWHERE FROM 300-100,000 PEOPLE DEPENDING ON THE EVENT. EVENTS DRIVE TRAFFIC TO THE BUSINESS DISTRICT AND DIRECTLY HELP BUSINESSES INCREASE SALES. EACH EVENT IS OPEN FOR MEMBERS TO PARTICIPATE IN AS A PART OF THEIR ANNUAL MEMBERSHIP DUES. EACH EVENT HAS GROWN IN SIZE EVERY YEAR DUE TO THE ADVERTISING WE DO AND SUCCESS OF PARTICIPATION FROM STORE AND INTEREST LEVEL FROM THE PUBLIC. WE HAVE OVER 50% PARTICIPATION LEVEL FROM OUR MEMBERS IN EVENTS WE HOST.Expenses $70,663
- MARKETING/PROMOTION - WE ADVERTISE EVENTS AND GENERICALLY ADVERTISE SHOPPING FOR 50TH & FRANCE. THROUGH OUR EFFORTS OF PROMOTING THE AREA WE HAVE BECOME A DESTINATION. THE PROMOTIONS WE HAVE DONE DIRECTLY INCREASED SALES FOR BUSINESSES, BROUGHT NEW BUSINESS TO THE AREA, AND KEPT 50TH & FRANCE IN THE MEDIA WEEKLY.Expenses $135,178
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1366251
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1955
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $111,234
- Income (IRS master file)
- $476,195
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $476,195 | $533,665 | $111,234 | XML |
| 990 | December 2023 | $429,884 | $353,002 | $185,898 | XML |
| 990 | December 2022 | $431,773 | $431,596 | $98,564 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1366251).
Questions about 50TH & FRANCE BUSINESS & PROFESSIONAL ASSN
- What is the EIN of 50TH & FRANCE BUSINESS & PROFESSIONAL ASSN?
- The employer identification number (EIN) of 50TH & FRANCE BUSINESS & PROFESSIONAL ASSN is 41-1366251.
- Is 50TH & FRANCE BUSINESS & PROFESSIONAL ASSN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1955.
- Are donations to 50TH & FRANCE BUSINESS & PROFESSIONAL ASSN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 50TH & FRANCE BUSINESS & PROFESSIONAL ASSN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 50TH & FRANCE BUSINESS & PROFESSIONAL ASSN due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 50TH & FRANCE BUSINESS & PROFESSIONAL ASSN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 50TH & FRANCE BUSINESS & PROFESSIONAL ASSN?
- The 990 for the year ended December 31, 2024 names Rebecca Sorensen.
- Who are the officers and directors of 50TH & FRANCE BUSINESS & PROFESSIONAL ASSN?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $52,000 (Rebecca Sorensen, Executive Director).
- How much revenue does 50TH & FRANCE BUSINESS & PROFESSIONAL ASSN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $476,195, expenses of $533,665 and total assets of $111,234 at year end.
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