Nonprofit · EIN 41-1670874
ALEXANDRA AREA ECONMOCY DEVELOPMENT COMMISSION
Tax-exempt · ALEXANDRIA, MN 56308
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $447,049 | $347,579 | $99,470 | $997,634 | $30,567 | $967,067 |
| December 31, 2023 | 990 | $360,727 | $429,668 | -$68,941 | $921,505 | $53,908 | $867,597 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $414,839
- Investment income
- $28,395
- Other revenue
- $3,815
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $133,500
- Other salaries and wages
- $45,174
- Salaries, compensation and benefits (total)
- $219,457
- Professional fundraising fees
- $0
- Legal fees
- $1,411
- Accounting fees
- $5,469
- Occupancy
- $21,757
- Travel
- $2,267
- Program services (functional)
- $159,333
- Management and general (functional)
- $188,246
Balance sheet and other
- Total assets, start of year
- $921,505
- Total assets, end of year
- $997,634
- Total liabilities, end of year
- $30,567
- Net assets, end of year
- $967,067
- Net assets without donor restrictions
- $521,162
- Net assets with donor restrictions
- $445,905
- Gross receipts
- $447,049
- Employees
- 4
- Year formed
- 2004
- 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 |
|---|---|---|---|
| NICOLE FERNHOLZ | EXECUTIVE DI Officer | 40 | $133,500 |
| TERRY ANDERSON | DIRECTOR Trustee or director | – | $0 |
| MATTHEW FISCHER | VICE PRESIDE Trustee or director, Officer | – | $0 |
| NICOLE KLIMEK | PRESIDENT Trustee or director, Officer | – | $0 |
| JEFF PATIENCE | DIRECTOR Trustee or director | – | $0 |
| TODD POWERS | DIRECTOR Trustee or director | – | $0 |
| EDWARD REIF | TREASURER/SE Trustee or director, Officer | – | $0 |
| RYAN ROONEY | DIRECTOR Trustee or director | – | $0 |
| RICK SANSTED | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICOLE FERNHOLZ | EXECUTIVE DI Officer | 40 | $130,000 |
| MATTHEW FISCHER | VICE PRESIDE Trustee or director, Officer | – | $0 |
| VICKI JODSAAS | DIRECTOR Trustee or director | – | $0 |
| NICOLE KLIMEK | PRESIDENT Trustee or director, Officer | – | $0 |
| JEFF PATIENCE | DIRECTOR Trustee or director | – | $0 |
| TODD POWERS | DIRECTOR Trustee or director | – | $0 |
| EDWARD REIF | TREASURER/SE Trustee or director, Officer | – | $0 |
| RYAN ROONEY | DIRECTOR Trustee or director | – | $0 |
| RICK SANSTED | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 324 BROADWAY ST STE 101, ALEXANDRIA, MN 56308-1476
- Principal officer (990 for 2024)
- NICOLE FERNHOLZ, 324 BROADWAY STREET, SUITE 101, ALEXANDRIA, MN 56308
- Signed the 990
- NICOLE FERNHOLZ, EXECUTIVE DIRECTOR
- Phone
- (320) 763-4545
- Website
- WWW.ALEXMN.ORG
- Return prepared by
- LARTER CPA GROUP LTD
Mission
THE ALEXANDRIA AREA ECONOMIC DEVELOPMENT COMMISSION IS ORGANIZED TO ASSIST MANUFACTURING AND OTHER BUSINESSES TO LOCATE OR EXPAND IN THE ALEXANDRIA MINNESOTA AREA.
Program accomplishments
- PROVIDE RESOURCES AND CAPITAL FOR BUSINESS AND COMMUNITY DEVELOPMENT IN THE ALEXANDRIA MINNESOTA AREA.Expenses $119,698 · revenue $414,839
- PROVIDE RESOURCES AND CAPITAL FOR BUSINESS AND COMMUNITY DEVELOPMENT IN THE ALEXANDRIA MINNESOTA AREA.Expenses $39,635
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
- 41-1670874
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $997,634
- Income (IRS master file)
- $447,049
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $447,049 | $347,579 | $997,634 | XML |
| 990 | December 2023 | $360,727 | $429,668 | $921,505 | XML |
| 990 | December 2022 | $338,799 | $412,515 | $985,826 | 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 41-1670874).
Questions about ALEXANDRA AREA ECONMOCY DEVELOPMENT COMMISSION
- What is the EIN of ALEXANDRA AREA ECONMOCY DEVELOPMENT COMMISSION?
- The employer identification number (EIN) of ALEXANDRA AREA ECONMOCY DEVELOPMENT COMMISSION is 41-1670874.
- Is ALEXANDRA AREA ECONMOCY DEVELOPMENT COMMISSION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
- Which annual return does ALEXANDRA AREA ECONMOCY DEVELOPMENT COMMISSION 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 ALEXANDRA AREA ECONMOCY DEVELOPMENT COMMISSION 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 ALEXANDRA AREA ECONMOCY DEVELOPMENT COMMISSION 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 ALEXANDRA AREA ECONMOCY DEVELOPMENT COMMISSION?
- The 990 for the year ended December 31, 2024 names NICOLE FERNHOLZ.
- Who are the officers and directors of ALEXANDRA AREA ECONMOCY DEVELOPMENT COMMISSION?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $133,500 (NICOLE FERNHOLZ, EXECUTIVE DI).
- How much revenue does ALEXANDRA AREA ECONMOCY DEVELOPMENT COMMISSION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $447,049, expenses of $347,579 and total assets of $997,634 at year end.
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