Nonprofit · EIN 85-1408916
PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION
Tax-exempt · PARK RAPIDS, MN 56470
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $83,230 | $78,461 | $4,769 | $69,790 | $16,631 | $53,159 |
| December 31, 2024 | 990-PF | $65,199 | $74,534 | -$9,335 | $70,045 | $21,409 | $48,636 |
| December 31, 2023 | 990-PF | $92,838 | $69,148 | $23,690 | $65,705 | $0 | $58,070 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Other income
- $67,416
Expenses
- Grants and similar amounts paid
- $0
Balance sheet and other
- Total assets, start of year
- $70,045
- Total assets, end of year
- $69,790
- Total liabilities, end of year
- $16,631
- Net assets, end of year
- $53,159
- Fair market value of assets
- $69,790
- Qualifying distributions
- $100,973
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRYAN HIRT MAIN STREET, PARK RAPIDS, MN 56470 | CHAIR | 4 | $0 |
| MIKE BRUHN 903 NORTH ST E, PARK RAPIDS, MN 56470 | MEMBER | 1 | $0 |
| DEBBIE TOSTENSON MAIN STREET, PARK RAPIDS, MN 56470 | VICE CHAIR | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SALLY WIZIK-WILLS 112 3RD ST W, PARK RAPIDS, MN 56470 | CHAIR | 4 | $0 |
| MIKE BRUHN 903 NORTH ST E, PARK RAPIDS, MN 56470 | MEMBER | 1 | $0 |
| DEBBIE TOSTENSON MAIN ST, PARK RAPIDS, MN 56470 | VICE CHAIR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SALLY WIZIK-WILLS 112 3RD ST W, PARK RAPIDS, MN 56470 | CHAIR | 4 | $0 |
| MIKE BRUHN 903 NORTH ST E, PARK RAPIDS, MN 56470 | MEMBER | 1 | $0 |
| DEBBIE TOSTENSON MAIN ST, PARK RAPIDS, MN 56470 | VICE CHAIR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 142, PARK RAPIDS, MN 56470-0142
- In care of
- % MOLLY LUTHER
- Signed the 990-PF
- BRYAN HIRT, CHAIR
- Phone
- (218) 252-0309
- Return prepared by
- BRIDGMAN TAX SERVICE
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-1408916
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $69,790
- Income (IRS master file)
- $119,358
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $83,230 | $78,461 | $69,790 | IRS |
| 990-PF | December 2024 | $65,199 | $74,534 | $70,045 | XML |
| 990-PF | December 2023 | $92,838 | $69,148 | $65,705 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 85-1408916).
Questions about PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION
- What is the EIN of PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION?
- The employer identification number (EIN) of PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION is 85-1408916.
- Is PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $83,230, expenses of $78,461 and total assets of $69,790 at year end.
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