Greater Jobs Incorporated
- Assets
- $5.4m
- Revenue
- $338.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Albert Lea, MN
- Founding
- 09/1976
- Data as of
- 12/2022
- EIN
- 41-1270326
Organization Overview
Greater Jobs Incorporated is located in Albert Lea, MN. The organization was established in 1976. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Jobs Incorporated is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Greater Jobs Incorporated generated $338.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $520.6k during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND PROMOTE SERVICES AND RESOURCES TO RETAIN, EXPAND, CREATE AND ATTRACT BUSINESSES AND PROVIDE QUALITY EMPLOYMENT OPPORTUNITIES TO FREEBORN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDUSTRIAL DEVELOPMENT - PURPOSE IS TO ASSIST IN THE GROWTH OF ALBERT LEA BY ATTRACTING NEW INDUSTRY ANAD ASSISTING IN THE EXPANSION OF EXISTING INDUSTRY.
ALBERT LEA BUSINESS DEVELOPMENT CENTER - A BUSINESS INCUBATOR, ONE OF THE FEW IN MINNESOTA WHICH OFFERS THE ENTREPRENEURS A QUALITY SPACE, FREE BUSINESS SERVICES AND PROFESSIONAL LINKS TO START-UP BUSINESSES.
LOCAL DEVELOPMENT ORGANIZATION - PURPOSE IS TO ESTABLISH A REVOLVING LOAN FUND THAT IS IN PLACE TO PROVIDE LOANS TO LOCAL BUSINESS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Baker Director | Trustee | 0.5 | $0 |
Tricia Dahl Director | Trustee | 0.5 | $0 |
John Forman Director | Trustee | $0 | |
Rich Murray Director | Trustee | 0.5 | $0 |
Sarah Nelson Director | Trustee | 0.5 | $0 |
Mark Heinemann Treasurer | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,025 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,050 |
| Noncash contributions included in lines 1a–1f | $35,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,075 |
| Total Program Service Revenue | $266,994 |
| Investment income | $1,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $56,235 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,794 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,250 |
| Travel | $1,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,654 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,956 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $520,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,266 |
| Savings and temporary cash investments | $726,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $499,110 |
| Inventories for sale or use | $1,843,178 |
| Prepaid expenses and deferred charges | $431 |
| Net Land, buildings, and equipment | $1,752,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,138 |
| Total assets | $5,371,975 |
| Accounts payable and accrued expenses | $17,522 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,267,670 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,393 |
| Total liabilities | $1,292,085 |
| Net assets without donor restrictions | $3,341,264 |
| Net assets with donor restrictions | $738,626 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,371,975 |