Nonprofit · EIN 41-1524569
VADNAIS HEIGHTS ECONOMIC DEV CORP
Tax-exempt · VADNAIS HTS, MN 55127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $128,365 | $111,839 | $16,526 | $105,216 | $0 | $105,216 |
| December 31, 2023 | 990 | $106,006 | $102,855 | $3,151 | $88,690 | $0 | $88,690 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $78,938
- of which government grants
- $59,713
- Program service revenue
- $46,455
- Investment income
- $16
- Net income from fundraising events
- $2,956
- Other revenue
- $2,956
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $66,600
- Salaries, compensation and benefits (total)
- $66,600
- Professional fundraising fees
- $0
- Accounting fees
- $2,000
- Program services (functional)
- $106,522
- Management and general (functional)
- $5,317
Balance sheet and other
- Total assets, start of year
- $88,690
- Total assets, end of year
- $105,216
- Total liabilities, end of year
- $0
- Net assets, end of year
- $105,216
- Gross unrelated business income
- $5,499
- Gross receipts
- $165,402
- Employees
- 0
- Volunteers
- 35
- Year formed
- 1984
- 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 |
|---|---|---|---|
| LIZ MOSCATELLI | EXECUTIVE DIRECTOR Officer | 32 | $66,600 |
| SARA STAFKI | SECRETARY Trustee or director, Officer | 1 | $0 |
| MEGAN DOHMEN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| BRIAN DEUEL | TREASURER Trustee or director, Officer | 5 | $0 |
| KATIE SWENSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TARA JEBENS-SINGH | DIRECTOR Trustee or director | 1 | $0 |
| LINDA TOMPSON CARPENTER | DIRECTOR Trustee or director | 1 | $0 |
| LAUREN WELCH LOFROMENTO | DIRECTOR Trustee or director | 1 | $0 |
| JUSTON ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| CINDY O'DONOVAN | DIRECTOR Trustee or director | 1 | $0 |
| WAYNE KAZMIERCZAK | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL WILHELMI | DIRECTOR Trustee or director | 1 | $0 |
| ED JAMBOR | DIRECTOR Trustee or director | 1 | $0 |
| MIKE PELTO | DIRECTOR Trustee or director | 1 | $0 |
| JILL FUNCK | DIRECTOR Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE ERICKSON | DIRECTOR Trustee or director | 1 | $0 |
| KYLE SOMMER | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT HAUPT | DIRECTOR Trustee or director | 1 | $0 |
| DEBORAH GUSTAFSON | DIRECTOR Trustee or director | 1 | $0 |
| PATTY STEELE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIZ MOSCATELLI | EXECUTIVE DIRECTOR Officer | 32 | $66,600 |
| MIKE PELTO | DIRECTOR Trustee or director | 1 | $0 |
| KYLE SOMMER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BRIAN DEUEL | TREASURER Trustee or director, Officer | 5 | $0 |
| JOY VANDER HEIDEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| KATIE SWENSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOE ERICKSON | DIRECTOR Trustee or director | 1 | $0 |
| JILL FUNCK | DIRECTOR Trustee or director | 1 | $0 |
| DEBORAH GUSTAFSON | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN DOHMEN | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT HAUPT | DIRECTOR Trustee or director | 1 | $0 |
| ED JAMBOR | DIRECTOR Trustee or director | 1 | $0 |
| TARA JEBENS-SINGH | DIRECTOR Trustee or director | 1 | $0 |
| PATTY STEELE | DIRECTOR Trustee or director | 1 | $0 |
| SARA STAFKI | DIRECTOR Trustee or director | 1 | $0 |
| WAYNE KAZMIERCZAK | DIRECTOR Trustee or director | 1 | $0 |
| CINDY O'DONOVAN | DIRECTOR Trustee or director | 1 | $0 |
| JUSTON ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| LAUREN WELCH LOFROMENTO | DIRECTOR Trustee or director | 1 | $0 |
| LINDA TOMPSON CARPENTER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL WILHELMI | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 800 COUNTY ROAD E E, VADNAIS HTS, MN 55127-7117
- Principal officer (990 for 2024)
- LIZ MOSCATELLI, 800 COUNTY ROAD E E, VADNAIS HEIGHTS, MN 551277117
- Signed the 990
- BRIAN DEUEL, TREASURER
- Phone
- (651) 485-9532
- Website
- WWW.VHEDC.COM
- Return prepared by
- OLSEN THIELEN & CO LTD
Mission
OUR MISSION IS TO ENHANCE ECONOMIC DEVELOPMENT IN THE CITY OF VADNAIS HEIGHTS AND THE SURROUNDING AREAS THROUGH THE ATTRACTION, RETENTION, AND EXPANSION OF EXISTING BUSINESSES AND INDUSTRIES.
Program accomplishments
- THE VHEDC IS A PRIVATE, NON-PROFIT ORGANIZATION ESTABLISHED TO FURTHER ECONOMIC DEVELOPMENT IN THE CITY OF VADNAIS HEIGHTS AND THE NORTHEAST METRO AREA. UNLIKE MOST ECONOMIC DEVELOPMENT AGENCIES, THE VHEDC IS INDEPENDENT OF ANY GOVERNMENTAL ENTITY. THE VHEDC IS COMPRISED OF LOCAL BUSINESS LEADERS WHO ARE FOCUSED ON CREATING NEW JOB OPPORTUNITIES RETAINING EXISTING JOBS, AND EXPANDING THE TAX BASE OF OUR AREA. BUSINESSES INVEST IN THE ORGANIZATION BOTH WITH THEIR FINANCIAL COMMITMENT AS WELL AS SERVICE COMMITTEES.Expenses $106,522 · revenue $46,455
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
- 41-1524569
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $105,216
- Income (IRS master file)
- $165,402
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $128,365 | $111,839 | $105,216 | XML |
| 990 | December 2023 | $106,006 | $102,855 | $88,690 | XML |
| 990 | December 2022 | $112,741 | $93,274 | $85,539 | 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 41-1524569).
Questions about VADNAIS HEIGHTS ECONOMIC DEV CORP
- What is the EIN of VADNAIS HEIGHTS ECONOMIC DEV CORP?
- The employer identification number (EIN) of VADNAIS HEIGHTS ECONOMIC DEV CORP is 41-1524569.
- Is VADNAIS HEIGHTS ECONOMIC DEV CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1992.
- Are donations to VADNAIS HEIGHTS ECONOMIC DEV CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VADNAIS HEIGHTS ECONOMIC DEV CORP 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 VADNAIS HEIGHTS ECONOMIC DEV CORP 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 VADNAIS HEIGHTS ECONOMIC DEV CORP 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 VADNAIS HEIGHTS ECONOMIC DEV CORP?
- The 990 for the year ended December 31, 2024 names LIZ MOSCATELLI.
- Who are the officers and directors of VADNAIS HEIGHTS ECONOMIC DEV CORP?
- The 990 for the year ended December 31, 2024 lists 20 people; 1 received compensation from the organization, the highest $66,600 (LIZ MOSCATELLI, EXECUTIVE DIRECTOR).
- How much revenue does VADNAIS HEIGHTS ECONOMIC DEV CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $128,365, expenses of $111,839 and total assets of $105,216 at year end.
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