Nonprofits›Itasca Economic Development Corporation

Community Improvement & Capacity Building

Itasca Economic Development Corporation

GRAND RAPIDS, MN

Website

Total revenue

$1.5M

Total expenses

$1.5M

Net assets

$3.3M

Grants received

$2.0M

16 grants

EIN

411413301

Tax year

2024

Mission

To grow the itasca county economy through education, research and outreach that creates business opportunities

Programs

3 programs

Marketing & recruitment - through education and research efforts, the organization markets to various companies that may be interested in expanding or relocating in the itasca county area in northern minnesota

Expenses: $383K

Assistance with financing - organization educates and assists small business clients in obtaining financing and completing loan packages

Expenses: $192K

Business retention and expansion - organization provides resources to local businesses regarding economic issues and disseminates economic information to the community

Expenses: $458K

Financials

FY 2024

Revenue

Contributions & grants$1.2M
Program service revenue$137K
Investment income$167K
Other revenue$4K
Total revenue$1.5M

Expenses

Grants paid—
Salaries & benefits$557K
Fundraising—
Other expenses$959K
Total expenses$1.5M
Total assets$4.4M
Net assets$3.3M

People

11 listed

NameRoleCompensation

TAMARA LOWNEY

PRESIDENT

Board

$129K

40 hrs/wk

JODI PIEKARSKI

VICE-CHAIR

Board

—

1 hrs/wk

KIRK ADAMS

TREASURER

Board

—

1 hrs/wk

JEAN MACDONELL

SECRETARY

Board

—

1 hrs/wk

BART JOHNSON

BOARD MEMBER

Board

—

1 hrs/wk

BRAD DOLINKSI

CHAIR

Board

—

1 hrs/wk

TERRY SNYDER

BOARD MEMBER

Board

—

1 hrs/wk

MEGAN KELLIN

BOARD MEMBER

Board

—

1 hrs/wk

ISAAC MEYER

BOARD MEMBER

Board

—

1 hrs/wk

BEN BENOIT

BOARD MEMBER

Board

—

1 hrs/wk

KATIE GLORVIGEN TIERNEY

BOARD MEMBER

Board

—

1 hrs/wk

Grants received

Showing 16 of 16

FromAmountPurposeYear
The McKnight Foundation
$250K
for general operating support
2024
ROCKEFELLER PHILANTHROPY ADVISORS INC
$100K
EMPLOYMENT & FINANCIAL INCLUSION
2024
OTTO BREMER TRUST
$75K
GENERAL OPERATIONS
2024
The McKnight Foundation
$250K
For general operating support
2023
ROCKEFELLER PHILANTHROPY ADVISORS INC
$150K
GENERAL
2023
C K BLANDIN FOUNDATION
$150K
ORGANIZATIONAL SUPPORT FOR BUSINESS DEVELOPMENT AND ENTREPRENEUR SUPPORT IN ITASCA COUNTY.
2023
SAINT PAUL & MINNESOTA FOUNDATION
$10K
MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES
2023
The McKnight Foundation
$250K
For general operating support
2022
C K BLANDIN FOUNDATION
$150K
PROJECT SUPPORT FOR INFRASTRUCTURE AND CAPACITY BUILDING IN 2021 AND 2022 IN ITASCA COUNTY
2022
C K BLANDIN FOUNDATION
$150K
PROJECT SUPPORT FOR INFRASTRUCTURE AND CAPACITY BUILDING IN 2021 AND 2022 IN ITASCA COUNTY
2022
OTTO BREMER TRUST
$75K
GENERAL OPERATIONS
2022
C K BLANDIN FOUNDATION
$125K
OPERATING SUPPORT IN 2020-21 TO PROMOTE ECONOMIC DEVELOPMENT OPPORTUNITIES IN ITASCA COUNTY
2020
C K BLANDIN FOUNDATION
$125K
OPERATING SUPPORT IN 2020-21 TO PROMOTE ECONOMIC DEVELOPMENT OPPORTUNITIES IN ITASCA COUNTY
2020
GRAND RAPIDS AREA COMMUNITY
$105K
Annual Distribution
2020
C K BLANDIN FOUNDATION
$10K
PROJECT SUPPORT FOR THETHRIVE UP NORTH CAMPAIGN IN ITASCA COUNTY
2020
C K BLANDIN FOUNDATION
$5K
PROJECT SUPPORT FOR SUPPORT OF THE ITASCA STRONG CAMPAIGN TO SUPPORT LOCAL BUSINESSES IN ITASCA COUNTY
2020

Funded by

$2.0M from 6 funders · 16 grants · 2020–2024

The McKnight Foundation

$750K · 3 grants · 2022–2024

C K Blandin Foundation

$715K · 7 grants · 2020–2023

Rockefeller Philanthropy Advisors Inc

$250K · 2 grants · 2023–2024

Otto Bremer Trust

$150K · 2 grants · 2022–2024

Grand Rapids Area Community

$105K · 1 grant · 2020

Saint Paul & Minnesota Foundation

$10K · 1 grant · 2023

Details

EIN411413301
NTEE codeS40Z
Subsection03
Ruling date1989-11
Formed1981
Employees10
Volunteers20
ITASCA ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo