Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1992.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
24 people listed on the 990; $60K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Liz Moscatelli | $66,600 | $66,600 | $63,600 | $61,800 | $60,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Boosts local businesses and industries to grow the economy.
Questions for Vadnais Heights Economic Dev Corp
Your first name shows with your question. Vadnais Heights Economic Dev Corp answers here, for everyone.
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The vhedc is a private, non-profit organization established to further economic development in the city of vadnais heights and the northeast metro area. Unlike most economic development agencies, the vhedc is independent of any governmental entity.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $49K | $50K |
| Total assetsLn 16 | $49K | $50K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $49K | $50K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $60K | $60K | ||
| Other salaries and wagesLn 7 | $601 | $601 | ||
| Payroll taxesLn 10 | $55 | $55 | ||
| Accounting feesLn 11c | $4K | $4K | ||
| Office expensesLn 13 | $247 | $247 | ||
| Information technologyLn 14 | $6K | $6K | ||
| Conferences, conventions and meetingsLn 19 | $179 | $179 | ||
| InsuranceLn 23 | $1K | $1K | ||
| Other expenses (24a–d)Ln 24 | $20K | $19K | $900 | |
| All other expensesLn 24e | $504 | $504 | ||
| Total functional expensesLn 25 | $92K | $87K | $6K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $128K | $112K | $17K | $105K | 990 PDF |
| FY2023 | $106K | $103K | $3K | $89K | 990 PDF |
| FY2022 | $113K | $93K | $19K | $86K | 990 PDF |
| FY2021 | $155K | $139K | $16K | $66K | 990 PDF |
| FY2020 Viewing | $94K | $92K | $1K | $50K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $93,523 revenue, 12 lines filed
Part VI · Governance 24 of 24 board members independent, 2 to look at
Part VIII · Statement of revenue $93,523 across 7 lines filed
Part IX · Statement of functional expenses $92,219 across 10 lines filed
Part X · Balance sheet $50,289 assets, 6 lines filed
Part XI · Reconciliation of net assets $50,289 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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