Brainerd Lakes Area Development Corporation

Brainerd, MN
Tax-exempt since May 1986
EIN: 41-1543292

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Business and Industry (NTEE)

Donations to this organization are tax deductible.

Revenue

$535k (2023)

Expenses

$585k (2023)

Total Assets

$2.36M (2023)

Total Liabilities

$47.1k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$535,355

Expenses

$584,919

Net Income

-$49,564

Net Assets

$2,314,528

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$378,330	70.7%
Program Services	$88,122	16.5%
Investment Income	$65,803	12.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,100	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$142,949	24.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$198,697	34.0%

Assets/Debt
Total Assets	$2,361,590
Total Liabilities	$47,062
Net Assets	$2,314,528

Compensation

Key Employees and Officers	Compensation	Related	Other
Tyler Glynn (Executive Director)	$139,978	$0	$2,971
Terry Mcfarlin (President)	$0	$0	$0
John Ohlin (Vice President)	$0	$0	$0
Julie Anderholm (Secretary/Treasurer)	$0	$0	$0
Jim Haakonson (Past President)	$0	$0	$0
Tom Haglin (Past President)	$0	$0	$0
Mike Dillon (Past President)	$0	$0	$0
Janelle Riley (Director)	$0	$0	$0
Karlo Goerges (Director)	$0	$0	$0
Sandy Zutz Wiczek (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$593,859

Expenses

$538,034

Net Income

$55,825

Net Assets

$2,364,092

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$351,250	59.1%
Program Services	$189,450	31.9%
Investment Income	$39,735	6.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$278
Net Inventory Sales	$0
Other Revenue	$13,702	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$111,538	20.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$225,407	41.9%

Assets/Debt
Total Assets	$2,443,437
Total Liabilities	$79,345
Net Assets	$2,364,092

Compensation

Key Employees and Officers	Compensation	Related	Other
Tyler Glynn (Executive Director)	$108,384	$0	$3,154
Tom Haglin (Past President)	$0	$0	$0
Mike Larson (Past President)	$0	$0	$0
Mike Dillon (President)	$0	$0	$0
Jim Haakonson (Vice President)	$0	$0	$0
Janelle Riley (Director)	$0	$0	$0
Julie Anderholm (Secretary/Treasurer)	$0	$0	$0
Karlo Goerges (Director)	$0	$0	$0
Terry Mcfarlin (Director)	$0	$0	$0
John Ohlin (Director)	$0	$0	$0

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990

Filed on Nov. 10, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$474,971

Expenses

$490,519

Net Income

-$15,548

Net Assets

$2,308,267

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$380,191	80.0%
Program Services	$94,037	19.8%
Investment Income	$2,832	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$2,089
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$109,570	22.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$192,245	39.2%

Assets/Debt
Total Assets	$2,329,380
Total Liabilities	$21,113
Net Assets	$2,308,267

Compensation

Key Employees and Officers	Compensation	Related	Other
Tyler Glynn (Executive Director)	$106,472	$0	$3,098
Tom Haglin (Past President)	$0	$0	$0
Mike Larson (President)	$0	$0	$0
Mike Dillon (Vice President)	$0	$0	$0
Jim Haakonson (Secretary/Treasurer)	$0	$0	$0
Janelle Riley (Director)	$0	$0	$0
Julie Anderholm (Director)	$0	$0	$0
Karlo Goerges (Director)	$0	$0	$0
Terry Mcfarlin (Director)	$0	$0	$0
John Ohlin (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$633,672

Expenses

$456,138

Net Income

$177,534

Net Assets

$2,286,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$482,451	76.1%
Program Services	$147,042	23.2%
Investment Income	$4,179	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$140,692	30.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$162,339	35.6%

Assets/Debt
Total Assets	$2,323,413
Total Liabilities	$36,855
Net Assets	$2,286,558

Compensation

Key Employees and Officers	Compensation	Related	Other
Tyler Glynn (Executive Director)	$104,226	$0	$3,081
Sheila Haverkamp (Executive Director Through 1/17/20)	$32,413	$0	$4,222
Janelle Riley (Past President)	$0	$0	$0
Tom Haglin (President)	$0	$0	$0
Mike Larson (Vice President/Secretary/Treasurer)	$0	$0	$0
Julie Anderholm (Director)	$0	$0	$0
Mike Dillon (Director)	$0	$0	$0
Karlo Goerges (Director)	$0	$0	$0
Jim Haakonson (Director)	$0	$0	$0
Terry Mcfarlin (Director)	$0	$0	$0
Paul Means (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$474,219

Expenses

$526,355

Net Income

-$52,136

Net Assets

$2,061,179

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$401,140	84.6%
Program Services	$67,578	14.3%
Investment Income	$5,501	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$115,946	22.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$226,396	43.0%

Assets/Debt
Total Assets	$2,116,002
Total Liabilities	$54,823
Net Assets	$2,061,179

Compensation

Key Employees and Officers	Compensation	Related	Other
Sheila Haverkamp (Executive Director)	$112,569	$0	$3,377
Janelle Riley (President)	$0	$0	$0
Tom Haglin (Vice President)	$0	$0	$0
Karlo Goerges (Past President)	$0	$0	$0
Mike Larson (Secretary/Treasurer)	$0	$0	$0
Mike Dillon (Director)	$0	$0	$0
Jim Haakonson (Director)	$0	$0	$0
Paul Means (Director)	$0	$0	$0
Terry Mcfarlin (Director)	$0	$0	$0
Pam O'rourke (Director)	$0	$0	$0

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990

Filed on Nov. 13, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$464,136

Expenses

$488,910

Net Income

-$24,774

Net Assets

$2,056,317

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$390,703	84.2%
Program Services	$70,890	15.3%
Investment Income	$2,543	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$112,662	23.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$201,594	41.2%

Assets/Debt
Total Assets	$2,094,561
Total Liabilities	$38,244
Net Assets	$2,056,317

Compensation

Key Employees and Officers	Compensation	Related	Other
Sheila Haverkamp (Executive Director)	$109,381	$0	$3,281
Janelle Riley (President)	$0	$0	$0
Karlo Goerges (Past President)	$0	$0	$0
Tom Haglin (Vice President)	$0	$0	$0
William Potvin (Treasurer/Secretary)	$0	$0	$0
Kevin Close (Director)	$0	$0	$0
Scott Kuehl (Director)	$0	$0	$0
Paul Means (Director)	$0	$0	$0
Mike Larson (Director)	$0	$0	$0
Pam O'rourke (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$470,247

Expenses

$454,702

Net Income

$15,545

Net Assets

$1,694,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$402,941	85.7%
Program Services	$66,401	14.1%
Investment Income	$905	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$108,433	23.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$164,060	36.1%

Assets/Debt
Total Assets	$1,723,903
Total Liabilities	$29,898
Net Assets	$1,694,005

Compensation

Key Employees and Officers	Compensation	Related	Other
Sheila Haverkamp (Executive Director)	$105,275	$0	$3,158
Janelle Riley (President)	$0	$0	$0
Karlo Goerges (Past President)	$0	$0	$0
Tom Haglin (Vice President)	$0	$0	$0
William Potvin (Treasurer/Secretary)	$0	$0	$0
Kevin Close (Director)	$0	$0	$0
Scott Kuehl (Director)	$0	$0	$0
Paul Means (Director)	$0	$0	$0
Mike Larson (Director)	$0	$0	$0
Pam O'rourke (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$393,587

Expenses

$343,636

Net Income

$49,951

Net Assets

$575,101

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$386,371	98.2%
Program Services	$6,924	1.8%
Investment Income	$702	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$410
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$102,334	29.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$94,398	27.5%

Assets/Debt
Total Assets	$708,286
Total Liabilities	$133,185
Net Assets	$575,101

Compensation

Key Employees and Officers	Compensation	Related	Other
Sheila Haverkamp (Executive Director)	$102,334	$0	$3,070
Karlo Goerges (President)	$0	$0	$0
Paul Means (Past President)	$0	$0	$0
Janelle Riley (Vice President)	$0	$0	$0
Chuck Albrecht (Treasurer/Secretary)	$0	$0	$0
Kevin Close (Director)	$0	$0	$0
Bruce Buxton (Director)	$0	$0	$0
William Potvin (Director)	$0	$0	$0
Mike Larson (Director)	$0	$0	$0
Tom Anderson Former (Director)	$0	$0	$0
Mark Ronnei Former (Director)	$0	$0	$0

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990

Filed on Oct. 9, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$341,149

Expenses

$351,845

Net Income

-$10,696

Net Assets

$525,150

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$334,183	98.0%
Program Services	$6,276	1.8%
Investment Income	$690	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$104,294	29.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$99,231	28.2%

Assets/Debt
Total Assets	$627,353
Total Liabilities	$102,203
Net Assets	$525,150

Compensation

Key Employees and Officers	Compensation	Related	Other
Sheila Haverkamp (Executive Director)	$101,256	$0	$3,038
Karlo Goerges (President)	$0	$0	$0
Janelle Riley (Vice President)	$0	$0	$0
Chuck Albrecht (Treasurer/Secretary)	$0	$0	$0
Paul Means (Past President)	$0	$0	$0
Tom Anderson (Director)	$0	$0	$0
Kevin Close (Director)	$0	$0	$0
Bruce Buxton (Director)	$0	$0	$0
William Potvin (Director)	$0	$0	$0
Mark Ronnei (Director)	$0	$0	$0

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990

Filed on Nov. 10, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$302,822

Expenses

$319,547

Net Income

-$16,725

Net Assets

$535,846

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$302,490	99.9%
Program Services	$4,819	1.6%
Investment Income	$1,129	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$5,616
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$94,743	29.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$97,546	30.5%

Assets/Debt
Total Assets	$673,125
Total Liabilities	$137,279
Net Assets	$535,846

Compensation

Key Employees and Officers	Compensation	Related	Other
Sheila Haverkamp (Executive Director)	$94,743	$0	$5,713
Paul Means (President)	$0	$0	$0
Karlo Goerges (Vice President)	$0	$0	$0
Chuck Albrecht (Treasurer/Secretary)	$0	$0	$0
Bruce Buxton (Past President)	$0	$0	$0
Tom Anderson (Director)	$0	$0	$0
Kevin Close (Director)	$0	$0	$0
Kevin Larson (Director)	$0	$0	$0
William Potvin (Director)	$0	$0	$0
Mark Ronnei (Director)	$0	$0	$0

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990

Filed on Nov. 5, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$298,659

Expenses

$291,980

Net Income

$6,679

Net Assets

$552,571

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$284,807	95.4%
Program Services	$10,315	3.5%
Investment Income	$3,537	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$91,820	31.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$88,928	30.5%

Assets/Debt
Total Assets	$666,001
Total Liabilities	$113,430
Net Assets	$552,571

Compensation

Key Employees and Officers	Compensation	Related	Other
Sheila Haverkamp (Executive Director)	$91,820	$0	$0
Bruce Buxton (President)	$0	$0	$0
Chuck Albrecht (Treasurer/Secretary)	$0	$0	$0
Tom Anderson (Director)	$0	$0	$0
Paul Means (Vice President)	$0	$0	$0
Mark Ronnei (Director)	$0	$0	$0
Kevin Close (Director)	$0	$0	$0
Kevin Larson (Past President)	$0	$0	$0
Karlo Goerges (Director)	$0	$0	$0
William Potvin (Director)	$0	$0	$0

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990

Filed on Oct. 15, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$299,101

Expenses

$301,630

Net Income

-$2,529

Net Assets

$545,892

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$272,153	91.0%
Program Services	$23,132	7.7%
Investment Income	$3,816	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$91,633	30.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$89,929	29.8%

Assets/Debt
Total Assets	$669,065
Total Liabilities	$123,173
Net Assets	$545,892

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$291,642

Expenses

$276,560

Net Income

$15,082

Net Assets

$548,421

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$257,625	88.3%
Program Services	$26,827	9.2%
Investment Income	$7,190	2.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$82,873	30.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$70,960	25.7%

Assets/Debt
Total Assets	$693,418
Total Liabilities	$144,997
Net Assets	$548,421

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated December 20, 2024

Brainerd Lakes Area Development Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $535k (2023)

Expenses $585k (2023)

Total Assets $2.36M (2023)

Total Liabilities $47.1k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$535k (2023)

Expenses

$585k (2023)

Total Assets

$2.36M (2023)

Total Liabilities

$47.1k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001