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Brainerd Lakes Area Development Corporation
Community Development · Brainerd, Minnesota
224 W Washington St, Brainerd, MN 56401-2922
EIN: 411543292· Founded: May 1986· 40 years active· Filing Year: 2023
Annual Revenue
$535K
Total Expenses
$585K
Total Assets
$2.4M
Program Spending
15%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$143K
24.4% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$199K
Total Payroll
$342K
58% of total expenses
Where the Money Goes
15%
Programs: 15%
Payroll: 58%
Other overhead: 85%
Program Revenue$88K (16%)
Total Expenses$585K (100%)
Payroll$342K (58%)
Overhead (non-program)85%
Trust Score Breakdown
Program Spending Ratio
15% of expenses go to programs
Revenue & Stability
$535K annual revenue
Executive Compensation
$143K total officer comp (24.4% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$2.4M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.