Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 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
6 people listed on the 990; $154K paid to officers and key staff.
Amy Stearns’s $105K as Executive Di is at the 22nd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Amy Stearns | $105,000 | — | — |
| Michelle Maier | $48,960 | $31,500 | — |
| Amy Stoller Stearns | — | — | $30,769 |
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 the Lakes Area's culture and economy through connections and improvements.
Questions for Project 412
Your first name shows with your question. Project 412 answers here, for everyone.
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Project 412 was created with the sole public charitable purpose of making detroit lakes a better place for all. The mission is to elevate the cultural and economic vibrancy of the 412 lakes area and we do that by offering a plethora of free events and opportunities for the community.
As stated in our mission, 100% of all we do is for charitable purposes. We have created a series of free music concerts in the park that bring so much joy, healing, and a sense of belonging to our community.
Our ecosystem builder program is a free charitable service centered on community growth and well-being, which is so important in fostering long- term positive change. By offering free coaching and support to new entrepreneurs and existing businesses, we're creating a dynamic and thriving local economy.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $453K | $158K |
| Land, buildings, equipmentLn 10c | $6K | $9K |
| Total assetsLn 16 | $549K | $241K |
| LiabilitiesLn 26 | $53K | $51K |
| Net assetsLn 32 | $496K | $190K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $105K | $52K | $26K | $26K |
| Other salaries and wagesLn 7 | $123K | $61K | $31K | $31K |
| Payroll taxesLn 10 | $25K | $12K | $6K | $6K |
| Accounting feesLn 11c | $13K | $13K | ||
| Other fees for servicesLn 11g | $28K | $14K | $7K | $7K |
| Advertising and promotionLn 12 | $34K | $34K | ||
| Office expensesLn 13 | $11K | $11K | ||
| OccupancyLn 16 | $15K | $8K | $4K | $4K |
| TravelLn 17 | $15K | $15K | ||
| InterestLn 20 | $7K | $7K | ||
| Depreciation, depletion and amortizationLn 22 | $970 | $970 | ||
| InsuranceLn 23 | $2K | $2K | $192 | $192 |
| Other expenses (24a–d)Ln 24 | $1.2M | $1.2M | $7K | $26K |
| Total functional expensesLn 25 | $1.6M | $1.4M | $113K | $100K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.3M | $1.6M | −$306K | $190K | 990 PDF |
| FY2023 | $1.0M | $575K | $437K | $496K | 990 PDF |
| FY2022 | $272K | $84K | $188K | $188K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,291,367 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $1,291,367 across 6 lines filed
Part IX · Statement of functional expenses $1,597,539 across 13 lines filed
Part X · Balance sheet $240,924 assets, 11 lines filed
Part XI · Reconciliation of net assets $189,631 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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