Nonprofit · EIN 92-2203589
NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION
Tax-exempt · BEMIDJI, MN 56601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $311,726 | $101,958 | $209,768 | $800,677 | $201,561 | $599,116 |
| June 30, 2024 | 990 | $9,202 | $83,884 | -$74,682 | $505,491 | $116,143 | $389,348 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $300,000
- of which government grants
- $300,000
- Program service revenue
- $5,824
- Investment income
- $4,919
- Other revenue
- $983
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $101,958
Balance sheet and other
- Total assets, start of year
- $505,491
- Total assets, end of year
- $800,677
- Total liabilities, end of year
- $201,561
- Net assets, end of year
- $599,116
- Net assets without donor restrictions
- $599,116
- Gross receipts
- $311,726
- Employees
- 0
- Volunteers
- 20
- Year formed
- 2023
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KAREN WHITE | PRESIDENT Officer | 1 | $0 | $195,698 | $9,785 |
| JASON CARLSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRUCE REEVES | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CONNIE LINDSTROM | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHERI GUNVALSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TODD BECKEL | DIRECTOR (THRU JULY 24') Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALISHA EVERWIND | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAITLYN GRENIER | DIRECTOR (THRU JULY 24') Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINE IMBRA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JILL JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE LAROQUE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KYLE LARSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE PAQUIN | DIRECTOR (THRU JULY 24') Trustee or director | 1 | $0 | $0 | $0 |
| JACK SWANSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KRISTI THORFINNSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEB ZAK | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KAREN WHITE | PRESIDENT Officer | 1 | $0 | $190,736 | $9,537 |
| DEB ZAK | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JASON CARLSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TODD BECKEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHERI GUNVALSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANTONIO FRANKLIN | DIRECTOR (THRU 7/23) Trustee or director | 1 | $0 | $0 | $0 |
| KAITLYN GRENIER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JILL JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE LAROQUE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CONNIE LINDSTROM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE PAQUIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRUCE REEVES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JACK SWANSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KRISTI THORFINNSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 3RD ST NW, BEMIDJI, MN 56601-3111
- Mailing address (990-N for 2022)
- 201 3rd Street NW, Bemidji MN 56601
- Principal officer (990 for 2024)
- KAREN WHITE, 201 3RD ST NW, BEMIDJI, MN 566013111
- Principal officer (990-N for 2022)
- Karen White, 201 3rd Street NW, Bemidji MN 56601
- Signed the 990
- KAREN WHITE, PRESIDENT
- Phone
- (218) 759-2057
- Website
- WWW.NWMF.ORG
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
THE CORPORATION'S (CIC) PURPOSE IS TO BUILD BETTER LIVES BY REVITALIZING COMMUNITIES, EMPOWERING INDIVIDUALS, AND CREATING ECONOMIC OPPORTUNITIES. AS A COMMUNITY DEVELOPMENT ORGANIZATION, THE CORPORATION WILL PROVIDE CAPITAL SOLUTIONS TO PROJECTS THAT MAY NOT OTHERWISE RECEIVE SUPPORT FROM TRADITIONAL FINANCIAL INSTITUTIONS. THE CORPORATION WILL HELP COMMUNITIES AND INDIVIDUALS ACCOMPLISH GOALS IN UNDERSERVED AREAS, BY BRINGING EXPERTISE AND FILLING GAPS IN FUNDING.
Program accomplishments
- IN 2025, NMCIC OPERATIONS INCREASED TO OVERSEE 6 LOANS TO BUSINESSES. WE HAVE RECEIVED CONDITIONAL APPROVAL OF OUR CDFI CERTIFICATION, PENDING RECEIPT OF THE OFFICIAL AGREEMENT FROM THE CDFI FUND, A DEPARTMENT OF THE U.S. TREASURY.Expenses $101,958 · revenue $5,824
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-2203589
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $800,677
- Income (IRS master file)
- $311,726
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $311,726 | $101,958 | $800,677 | XML |
| 990 | June 2024 | $9,202 | $83,884 | $505,491 | XML |
| 990-N for 2022 Officer: Karen White | June 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 92-2203589).
Questions about NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION
- What is the EIN of NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION?
- The employer identification number (EIN) of NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION is 92-2203589.
- Is NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION 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 NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION?
- The 990 for the year ended June 30, 2025 names KAREN WHITE.
- Who are the officers and directors of NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $311,726, expenses of $101,958 and total assets of $800,677 at year end.
Other nonprofits in BEMIDJI
- COMMUNITY RESOURCE CONNECTION INC EIN 41-1782146 · last filed 990 for 2025
- FIRST CITY OF LIGHTS FOUNDATION EIN 85-4069354 · last filed 990-EZ for 2025
- ECKLES COMMUNITY CENTER EIN 26-1474762 · last filed 990-N for 2025
- PAUL BUNYAN RURAL TELEPHONE COOPERATIVE EIN 41-0745441 · last filed 990 for 2024
- BELTRAMI ELECTRIC COOPERATIVE EIN 41-0144943 · last filed 990 for 2024
- THE NORTHWEST MINNESOTA FOUNDATION EIN 41-1556013 · last filed 990 for 2025
- BI-COUNTY COMMUNITY ACTION PROGRAMS INC EIN 41-0885981 · last filed 990 for 2025
- BEMIDJI STATE UNIVERSITY ALUMNI AND FOUNDATION EIN 23-7044156 · last filed 990 for 2025
All nonprofits in BEMIDJI · Minnesota · Community improvement and capacity building