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TO IMPROVE THE QUALITY OF LIFE FOR THE GREATER BEMIDJI REGION BY IDENTIFYING, ENCOURAGING, AND PROVIDING COORDINATED SUPPORT TO BUSINESSES THAT CREATE QUALITY JOBS AND IMPROVE THE ECONOMIC BASE OF THE COMMUNITY.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$1.3M
Program Spending
86%
of total expenses go to program services
Total Contributions
$1.2M
Total Expenses
▼$1.5M
Total Assets
$7.5M
Total Liabilities
▼$726.3K
Net Assets
$6.8M
Officer Compensation
→$185.2K
Other Salaries
$81.6K
Investment Income
-$147K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$94K
Awards Found
1
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Agriculture | RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT | $94K | FY2015 | Aug 2015 – Aug 2017 | Open → |
Department of Agriculture
$94K
RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2020 | Clean | Unmodified (Clean) | $992.1K | No | 2021-04-06 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$992.1K
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $1.3M | $1.2M | $1.5M | $7.5M | $6.8M |
| 2023 | $2.4M | $1.8M | $1.7M | $7.9M | $6.9M |
| 2022 | $3.2M | $2.7M | $1.7M | $7.5M | $6.2M |
| 2021 | $2M | $1.6M | $2.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| David Hengel | Executive Director | 40 | $0 | $208.6K | $0 | $208.6K |
| Erik Hokuf | Secretary | 0.5 | $0 | $0 | $0 | $0 |
| Phil Verchota | Treasurer | 0.5 | $0 | $0 | $0 | $0 |
| Jason Brodina | Vice President | 0.5 | $0 | $0 | $0 | $0 |
| Shelly Geerdes | President | 0.5 | $0 | $0 | $0 | $0 |
David Hengel
Executive Director
$208.6K
Hrs/Wk
40
Compensation
$0
Related Orgs
$208.6K
Other
$0
Erik Hokuf
Secretary
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Phil Verchota
Treasurer
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jason Brodina
Vice President
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Shelly Geerdes
President
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Barb Smith | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Bob Fitzgerald | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Cam Lewis | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Gary Johnson | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Gretchen Knutson | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Hugh Welle | Board Member |
Barb Smith
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Bob Fitzgerald
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Cam Lewis
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $7M |
| $4.8M |
| 2020 | $3.2M | $2.7M | $2.4M | $8M | $5M |
| 2019 | $1.4M | $909K | $1.4M | $5.1M | $4.1M |
| 2018 | $1.8M | $1.1M | $1.3M | $5M | $4.1M |
| 2017 | $1.7M | $1.1M | $1.2M | $4.7M | $3.6M |
| 2016 | $1.1M | $646.9K | $932.2K | $4.3M | $3.1M |
| 2015 | $1.1M | $635.8K | $897.5K | $4.5M | $3M |
| 2014 | $1.9M | $1.3M | $667.6K | $4.5M | $2.8M |
| 2013 | $195K | $97.2K | $250.8K | $2.9M | $1.6M |
| 2012 | $420.2K | $302.3K | $230.8K | $1.7M | $1.7M |
| 2011 | $598.6K | $522.6K | $170.9K | $1.5M | $1.5M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 0.5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Jake Ellefson | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Jared Echternach | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Jeremy Olson | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Jess Frenzel | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| John Carlson | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| John Hoffman | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Jorge Prince | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Karen Weller | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Karla Eischens | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Kevin Erpelding | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Mary Eaton | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Micah Ricke | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Mitch Rautio | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Pete Aube | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Rob Aitken | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Ryan Baer | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Steve Hill | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Tim Knudson | Board Member | 0.5 | $0 | $0 | $0 | $0 |
Gary Johnson
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Gretchen Knutson
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Hugh Welle
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jake Ellefson
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jared Echternach
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jeremy Olson
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jess Frenzel
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
John Carlson
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
John Hoffman
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jorge Prince
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Karen Weller
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Karla Eischens
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Kevin Erpelding
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Mary Eaton
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Micah Ricke
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Mitch Rautio
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Pete Aube
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Rob Aitken
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Ryan Baer
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Steve Hill
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Tim Knudson
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0