Nonprofit · EIN 41-1555856
AITKIN COUNTY GROWTH INC
Tax-exempt · AITKIN, MN 56431
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $416,035 | $261,726 | $154,309 | $1,649,084 | $177,810 | $1,471,274 |
| December 31, 2023 | 990 | -$93,337 | $319,033 | -$412,370 | $1,332,320 | $14,378 | $1,317,942 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $329,146
- of which government grants
- $42,279
- Program service revenue
- $62,612
- Investment income
- $24,277
- Net gain from sales of assets
- $250
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $85,032
- Other salaries and wages
- $66,685
- Salaries, compensation and benefits (total)
- $163,489
- Professional fundraising fees
- $0
- Accounting fees
- $7,188
- Occupancy
- $32,216
- Depreciation
- $11,637
- Program services (functional)
- $140,590
- Management and general (functional)
- $121,136
Balance sheet and other
- Total assets, start of year
- $1,332,320
- Total assets, end of year
- $1,649,084
- Total liabilities, end of year
- $177,810
- Net assets, end of year
- $1,471,274
- Land, buildings and equipment
- $528,907
- Publicly traded securities
- $4,070
- Net assets without donor restrictions
- $1,219,985
- Net assets with donor restrictions
- $251,289
- Gross receipts
- $416,035
- Employees
- 3
- Volunteers
- 8
- Year formed
- 1985
- 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 |
|---|---|---|---|
| STAN GUSTAFSON | EXECUTIVE DI Officer | 35 | $85,032 |
| PAT MURPHY | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| GARY TIBBITTS | BOARD VICE C Trustee or director, Officer | 2 | $0 |
| MARY POETZ | SECRETARY/TR Trustee or director, Officer | 2 | $0 |
| TIM WOODROW | DIRECTOR Trustee or director | 2 | $0 |
| MARK BALOUN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STAN GUSTAFSON | EXECUTIVE DI Officer | 35 | $80,529 |
| GENEVIEVE FIEDLER | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| PAT MURPHY | BOARD VICE C Trustee or director, Officer | 2 | $0 |
| MARY POETZ | SECRETARY/TR Trustee or director, Officer | 2 | $0 |
| MARK JEFFERS | DIRECTOR Trustee or director | 2 | $0 |
| GARY TIBBITTS | DIRECTOR Trustee or director | 2 | $0 |
| TIM WOODROW | DIRECTOR Trustee or director | 2 | $0 |
| MARK BALOUN | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 316 FIRST AVENUE NW, AITKIN, MN 56431-1334
- Principal officer (990 for 2024)
- PAT MURPHY, 316 1ST AVE NW, AITKIN, MN 56431
- Signed the 990
- STAN GUSTAFSON, EXECUTIVE DIRECTOR
- Phone
- (218) 927-2172
- Website
- GROWTHIV.ORG
- Return prepared by
- B JOHNSON & ASSOC LTD
Mission
PROMOTING ECONOMIC DEVELOPMENT OPPORTUNITIES TO THE SURROUNDING AREA, PROVIDING INCENTIVES FOR NEW BUSINESSES TO LOCATE IN THE AITKIN AREA, AND CREATING NEW EMPLOYMENT OPPORTUNITIES
Program accomplishments
- MISSION: JOB CREATION AND AIDING THE ECONOMIC DEVELOPMENT AND DIVERSIFICATION OF AITKIN COUNTY, MN BY PROVIDING FINANCING AND INCUBATOR SPACE TO DEVELOPING BUSINESS AND BY SERVING AS A CONDUIT FOR SPECIALIZED FUNDING AND OPERATIONAL GUIDANCE FOR AGRICULTURAL PRODUCT DIVERSIFICATION.Expenses $140,590 · revenue $62,612
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
- 41-1555856
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $1,649,084
- Income (IRS master file)
- $416,035
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $416,035 | $261,726 | $1,649,084 | XML |
| 990 | December 2023 | -$93,337 | $319,033 | $1,332,320 | XML |
| 990 | December 2022 | $286,387 | $319,393 | $1,754,960 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 41-1555856).
Questions about AITKIN COUNTY GROWTH INC
- What is the EIN of AITKIN COUNTY GROWTH INC?
- The employer identification number (EIN) of AITKIN COUNTY GROWTH INC is 41-1555856.
- Is AITKIN COUNTY GROWTH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to AITKIN COUNTY GROWTH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AITKIN COUNTY GROWTH INC 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 AITKIN COUNTY GROWTH INC 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 AITKIN COUNTY GROWTH INC 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 AITKIN COUNTY GROWTH INC?
- The 990 for the year ended December 31, 2024 names PAT MURPHY.
- Who are the officers and directors of AITKIN COUNTY GROWTH INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $85,032 (STAN GUSTAFSON, EXECUTIVE DI).
- How much revenue does AITKIN COUNTY GROWTH INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $416,035, expenses of $261,726 and total assets of $1,649,084 at year end.
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- AITKIN CROW WING ROUND LAKE IMPROVEMENT ASSOCIATION EIN 82-0784876 · last filed 990-N for 2025
- AITKIN COMMUNITY HOSPITAL INC EIN 41-0745522 · last filed 990 for 2025
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All nonprofits in AITKIN · Minnesota · Community improvement and capacity building