Brainerd Lakes Area Development Corp

Community development organization based in Brainerd, MN. 4 employees. Exempt under §501(c)(3).

MissionATTRACTING NEW INDUSTRY, RETAINING PRESENT INDUSTRY, AND GENERAL ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING WORKFORCE DEVELOPMENT IN BRAINERD AND THE SURROUNDING AREA.

EIN
41-1543292
State
MN
Sector
Community development
Budget band
$500K–$1M
Latest filing
TY 2024
Records
2 officers · 6 years

Financial snapshot · TY 2024

$582K
Total revenue
$752K
Total expenses
$2.2M
Net assets

Financial health · TY 2024

67
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
53
9.6 months of expenses
Program efficiency
81
82.4% spent on programs
Revenue diversity
66
Mix of program fees, grants & contributions

Leadership compensation

Tyler Glynn
EXECUTIVE DIRECTOR
$124,769
72th percentile vs. peers
Michael O Bjerkness
WORKFORCE DIRECTOR
$109,548
64th percentile vs. peers

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Brainerd Lakes Area Development Corp Executive Compensation | 990 Data | DoubleNine