Nonprofit · EIN 83-2728556
ACG LEGACY FUND
Tax-exempt · AITKIN, MN 56431
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $18,987 | $349,930 | -$330,943 | $439,643 | $0 | $439,643 |
| December 31, 2023 | 990 | $513,668 | $960,254 | -$446,586 | $760,443 | $0 | $760,443 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $18,987
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,453
- Program services (functional)
- $347,477
- Management and general (functional)
- $2,453
Balance sheet and other
- Total assets, start of year
- $760,443
- Total assets, end of year
- $439,643
- Total liabilities, end of year
- $0
- Net assets, end of year
- $439,643
- Net assets without donor restrictions
- $439,643
- Gross receipts
- $18,987
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2018
- 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 | From related orgs |
|---|---|---|---|---|
| STAN GUSTAFSON | EXECUTIVE DI Officer | 5 | $0 | $85,032 |
| PAT MURPHY | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| GARY TIBBITTS | BOARD VICE C Trustee or director, Officer | 2 | $0 | $0 |
| MARY POETZ | SECRETARY/TR Trustee or director, Officer | 2 | $0 | $0 |
| TIM WOODROW | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK BALOUN | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| STAN GUSTAFSON | EXECUTIVE DI Officer | 5 | $0 | $80,529 |
| SKYE FIEDLER | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| PAT MURPHY | BOARD VICE C Trustee or director, Officer | 2 | $0 | $0 |
| MARY POETZ | SECRETARY/TR Trustee or director, Officer | 2 | $0 | $0 |
| GARY TIBBITTS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK JEFFERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK BALOUN | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 316 1ST AVE NW, AITKIN, MN 56431-1334
- In care of
- % BARBARA CARR
- 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
- Return prepared by
- B JOHNSON & ASSOC LTD
Mission
TO FURTHER THE PURPOSES OF, SUPPORT, AND/OR BENEFIT AITKIN COUNTY GROWTH, INC. AND ITS MISSION OF ECONOMIC DEVELOPMENT IN AITKIN COUNTY.
Program accomplishments
- TO AID AITKIN COUNTY GROWTH, INC. BY PROVIDING FINANCIAL SUPPORT FOR THEIR PROJECTS AND ECONOMIC DEVELOPMENT ACTIVITIES AND TO SEARCH FOR WAYS TO PROVIDE ACCESS TO OPPORTUNITIES FOR ECONOMIC DEVELOPMENT, START-UP AND EXPANSION BUSINESS OPPORTUNITIES IN THE INCUBATOR BUILDING, AND SOLVE IMPEDIMENTS TO ECONOMIC GROWTH.Expenses $347,477
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 83-2728556
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $439,643
- Income (IRS master file)
- $18,987
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $18,987 | $349,930 | $439,643 | XML |
| 990 | December 2023 | $513,668 | $960,254 | $760,443 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $20,900 | $165,312 | $1,130,614 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | 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 83-2728556).
Questions about ACG LEGACY FUND
- What is the EIN of ACG LEGACY FUND?
- The employer identification number (EIN) of ACG LEGACY FUND is 83-2728556.
- Is ACG LEGACY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to ACG LEGACY FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does ACG LEGACY FUND file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ACG LEGACY FUND 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 ACG LEGACY FUND 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 ACG LEGACY FUND?
- The 990 for the year ended December 31, 2024 names PAT MURPHY.
- Who are the officers and directors of ACG LEGACY FUND?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does ACG LEGACY FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $18,987, expenses of $349,930 and total assets of $439,643 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
- MILLE LACS ENERGY COOPERATIVE EIN 41-0411772 · last filed 990 for 2025
- AITKIN HEALTH SERVICES EIN 20-3367397 · last filed 990 for 2025
- AITKIN COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER INC EIN 41-0875006 · last filed 990 for 2024
All nonprofits in AITKIN · Minnesota · Community improvement and capacity building