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Economic Initiatives Of Cannon Falls Inc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$19.1k (2023)

Expenses
$2.11k (2023)

Total Assets
$643k (2023)

Total Liabilities
$0 (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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,148
Expenses
$2,110
Net Income
$17,038
Net Assets
$642,878
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,705
61.1%
Investment Income $7,443
38.9%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $642,878
Total Liabilities $0
Net Assets $642,878
Compensation
Key Employees and Officers Compensation Related Other
Keith Meyers (Vice President) $0 $0 $0
Gregory Wulf (Director) $0 $0 $0
Mary Reinhardt (Treasurer) $0 $0 $0
Phil Jacobson (Secretary) $0 $0 $0
Dan Massett (Director) $0 $0 $0
John Peterson (President) $0 $0 $0
Mike Lorentz (Director) $0 $0 $0
James Althoff (President) $0 $0 $0
Diana Waltman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,223
Expenses
$1,000
Net Income
$10,223
Net Assets
$625,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,158
90.5%
Investment Income $1,065
9.5%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $625,840
Total Liabilities $0
Net Assets $625,840
Compensation
Key Employees and Officers Compensation Related Other
Keith Meyers (Vice President) $0 $0 $0
Gregory Wulf (Director) $0 $0 $0
Mary Reinhardt (Treasurer) $0 $0 $0
Phil Jacobson (Secretary) $0 $0 $0
Dan Massett (Director) $0 $0 $0
John Peterson (President) $0 $0 $0
Mike Lorentz (Treasurer) $0 $0 $0
James Althoff (President) $0 $0 $0
Diana Waltman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,108
Expenses
$1,735
Net Income
$6,373
Net Assets
$615,617
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,879
84.8%
Investment Income $1,186
14.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $43
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $615,617
Total Liabilities $0
Net Assets $615,617
Compensation
Key Employees and Officers Compensation Related Other
Keith Meyers (Secretary) $0 $0 $0
Gregory Wulf (Director) $0 $0 $0
Mary Reinhardt (Director) $0 $0 $0
Phil Jacobson (Director) $0 $0 $0
Dan Massett (Director) $0 $0 $0
John Peterson (Vice President) $0 $0 $0
Randy Nicolai (Director) $0 $0 $0
Mike Lorentz (Treasurer) $0 $0 $0
James Althoff (President) $0 $0 $0
Diana Waltman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,538
Expenses
$1,445
Net Income
$7,093
Net Assets
$609,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,895
80.8%
Investment Income $1,643
19.2%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $609,244
Total Liabilities $0
Net Assets $609,244
Compensation
Key Employees and Officers Compensation Related Other
Keith Meyers (Secretary) $0 $0 $0
Gregory Wulf (Board Member) $0 $0 $0
Dan Massett (Board Member) $0 $0 $0
Mary Reinhardt (Board Member) $0 $0 $0
Phil Jacobson (Board Member) $0 $0 $0
John Peterson (Vice President) $0 $0 $0
Randy Nicolai (Board Member) $0 $0 $0
Mike Lorentz (Treasurer) $0 $0 $0
James Althoff (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,959
Expenses
$7,396
Net Income
$1,563
Net Assets
$602,151
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,527
61.7%
Investment Income $3,432
38.3%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $602,151
Total Liabilities $0
Net Assets $602,151
Compensation
Key Employees and Officers Compensation Related Other
Keith Meyers (Secretary) $0 $0 $0
Gregory Wulf (Board Member) $0 $0 $0
Randy Rechtzigel (Board Member) $0 $0 $0
Jeff Reinhardt (Board Member) $0 $0 $0
Dan Massett (Board Member) $0 $0 $0
John Peterson (Board Member) $0 $0 $0
Randy Nicolai (Treasurer) $0 $0 $0
Mike Lorentz (Vice President) $0 $0 $0
James Althoff (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,061
Expenses
$6,021
Net Income
$6,040
Net Assets
$600,588
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10,079
83.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,982
16.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $600,588
Total Liabilities $0
Net Assets $600,588
Compensation
Key Employees and Officers Compensation Related Other
Keith Meyers (Secretary) $0 $0 $0
Gregory Wulf (Board Member) $0 $0 $0
Randy Rechtzigel (Board Member) $0 $0 $0
Jeff Reinhardt (Board Member) $0 $0 $0
Dan Massett (Board Member) $0 $0 $0
John Peterson (Board Member) $0 $0 $0
Randy Nicolai (Treasurer) $0 $0 $0
Mike Lorentz (Vice President) $0 $0 $0
James Althoff (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,068
Expenses
$10,495
Net Income
-$1,427
Net Assets
$594,548
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $9,068
100%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $594,548
Total Liabilities $0
Net Assets $594,548
Compensation
Key Employees and Officers Compensation Related Other
Keith Meyers (Sec) $0 $0 $0
Gregory Wulf (Board Member) $0 $0 $0
Randy Rechtzigel (Board Member) $0 $0 $0
Jeff Reinhardt (Board Member) $0 $0 $0
Dan Massett (Board Member) $0 $0 $0
John Peterson (Board Member) $0 $0 $0
Randy Nicolai (Treasurer) $0 $0 $0
Mike Lorentz (Vice Preside) $0 $0 $0
James Althoff (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,794
Expenses
$1,595
Net Income
$7,199
Net Assets
$595,975
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $8,794
100%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $595,975
Total Liabilities $0
Net Assets $595,975
Compensation
Key Employees and Officers Compensation Related Other
Keith Meyers (Sec) $0 $0 $0
Gregory Wulf (Board Member) $0 $0 $0
Randy Rechtzigel (Board Member) $0 $0 $0
Mirtch Altoff (Board Member) $0 $0 $0
Pat Green (Board Member) $0 $0 $0
Dan Massett (Board Member) $0 $0 $0
Randy Nicolai (Treasurer) $0 $0 $0
Mike Lorentz (Vice Preside) $0 $0 $0
James Althoff (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,569
Expenses
$3,075
Net Income
$6,494
Net Assets
$588,776
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $9,569
100%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $588,776
Total Liabilities $0
Net Assets $588,776
Compensation
Key Employees and Officers Compensation Related Other
Gregory Wulf (Board Member) $0 $0 $0
Randy Rechtzigel (Board Member) $0 $0 $0
Mike Lorentz (Board Member) $0 $0 $0
Jeffrey Reinhardt (Board Member) $0 $0 $0
Pat Green (Board Member) $0 $0 $0
Dan Massett (Board Member) $0 $0 $0
Kenneth Mara (Vice Pres) $0 $0 $0
Randy Nicolai (Sec'y/Treasu) $0 $0 $0
James Althoff (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,199
Expenses
$815
Net Income
$9,384
Net Assets
$582,283
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10,199
100%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $582,283
Total Liabilities $0
Net Assets $582,283
Compensation
Key Employees and Officers Compensation Related Other
Gregory Wulf (Board Member) $0 $0 $0
Randy Rechtzigel (Board Member) $0 $0 $0
Mike Lorentz (Board Member) $0 $0 $0
Jeffrey Reinhardt (Board Member) $0 $0 $0
Pat Green (Board Member) $0 $0 $0
Dan Massett (Board Member) $0 $0 $0
Kenneth Mara (Vice Pres) $0 $0 $0
Randy Nicolai (Sec'y/Treasu) $0 $0 $0
James Althoff (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,321
Expenses
$525
Net Income
$4,796
Net Assets
$572,898
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5,321
100%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $572,898
Total Liabilities $0
Net Assets $572,898
Compensation
Key Employees and Officers Compensation Related Other
Gregory Wulf (Board Member) $0 $0 $0
Randy Rechtzigel (Board Member) $0 $0 $0
Mike Lorentz (Board Member) $0 $0 $0
Jeffrey Reinhardt (Board Member) $0 $0 $0
Lyle Wilson (Board Member) $0 $0 $0
James Althoff (Board Member) $0 $0 $0
Kenneth Mara (Vice Pres) $0 $0 $0
Randy Nicolai (Sec'y/Treasu) $0 $0 $0
Greg Evans (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,020
Expenses
$1,788
Net Income
$2,232
Net Assets
$568,102
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $4,020
100%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $568,102
Total Liabilities $0
Net Assets $568,102

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,494
Expenses
$3,535
Net Income
$1,959
Net Assets
$565,682
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5,194
94.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $300
5.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $565,682
Total Liabilities $0
Net Assets $565,682

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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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.

Types of Nonprofits

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