Plainview Area Development Corporation

Not tax-deductible

Plainview, MN501(c)(6)Community Development EIN 41-1506363Revenue $11K in FY2022Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2022.

On file with the IRSPlainview, MNTax-exempt since Mar 2014

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To provide the consistent, managed, private leadership that will create economic opportunities for existing businesses and provide the resources and capabilities to attract new businesses, housing expansion and business sectors to the Area.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1506363) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest 990-N e-Postcard
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $65K a year · 99% of revenue · last 3 filings
A surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
7607.0 mo
of spending, in cash
7607.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$11K
+621% vs prior year
Spent
$361
To programs
0%
Net assets
$549K
By yearFY2020–FY2022
Revenue
$11K
FY2022▲ +621%
Tap a bar for its year
Revenue by fiscal year
FY2020$185K
FY2021$1K
FY2022$11K
Expenses
$361
FY2022▼ -72%
Tap a bar for its year
Expenses by fiscal year
FY2020$212
FY2021$1K
FY2022$361
Net assets
$549K
FY2022▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$538K
FY2021$539K
FY2022$549K

From the FY2022 Form 990 · see the original

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2022. IRS ruling in Mar 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Plainview Area Development Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Develops businesses and creates jobs by attracting new companies and supporting existing ones.

Questions for Plainview Area Development Corporation

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Your first name shows with your question. Plainview Area Development Corporation answers here, for everyone.

2 programs · in their own filed words · FY2022
01

To cooperate with and aid other corporations, societies, and associations organized and operated for the promotin of civic purposes, community welfare, general welfare and social welfare in and around plainview, minnesota.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1506363) · Dispute this line
Pt IX · Ln 25 · col B
02

To increase employment and alleviate unemployment in and around plainview, minnesota by the encouragement of the location of business entities in the area which will employ local residents.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1506363) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$11K
Ln 12
Gifts and grantsLn 1h$9K
Investment incomeLn 3$1K
Money outPt IX
$361
Ln 25
Owns and owesPt X
$549K
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$549K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Investment incomeLn 3$1K
Total revenueLn 12$11K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$200K
Cash and savings togetherLn 1–2$229K
Loans to officers and key peopleLn 5$170K
Land, buildings, equipmentLn 10c$150K
Total assetsLn 16$549K
LiabilitiesLn 26$0
Net assetsLn 32$549K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$219K$229K
Land, buildings, equipmentLn 10c$150K$150K
Total assetsLn 16$539K$549K
LiabilitiesLn 26$0$0
Net assetsLn 32$539K$549K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$361
Total functional expensesLn 25$361$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS May 17, 2023 $11K$361$10K$549K 990 PDF
FY2021Filed with the IRS May 16, 2022 $1K$1K$191$539K 990 PDF
FY2020Filed with the IRS Jun 17, 2021 $185K$212$185K$538K 990 PDF

Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2022. The 990-N has no money details, and postcard years before 2025 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $10,585 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $850$9,100
I-9 Program service revenue$0
I-10 Investment incomePrior year $619$1,485
I-11 Other revenue$0
I-12 Total revenuePrior year $1,469$10,585
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,278$361
I-18 Total expensesPrior year $1,278$361
I-19 Revenue less expensesPrior year $191$10,224
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $10,585 across 4 lines filed
VIII-1b Membership dues$9,100
VIII-1h Total contributions, gifts and grants$9,100
VIII-3 Investment incomeRelated to mission $1,485$1,485
VIII-12 Total revenueRelated to mission $1,485$10,585
Part IX · Statement of functional expenses $361 across 1 line filed
IX-13 Office expenses$361
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$361
Part X · Balance sheet $548,886 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $58,167$29,194
X-2 Savings and temporary cash investmentsStart of year $160,453$199,650
X-5 Loans to officers and key peopleStart of year $170,500$170,500
X-10c Land, buildings and equipment, netStart of year $149,542$149,542
X-16 Total assetsStart of year $538,662$548,886
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $538,662$548,886
X-32 Total net assets or fund balancesStart of year $538,662$548,886
X-33 Total liabilities and net assetsStart of year $538,662$548,886
Part XI · Reconciliation of net assets $548,886 net assets at year end
XI-1 Total revenue$10,585
XI-2 Total expenses$361
XI-3 Revenue less expenses$10,224
XI-4 Net assets at start of year$538,662
XI-10 Net assets at end of year$548,886

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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