Lakes Area Business Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411808010 ✦ Columbus, MN ✦ Designated as a 501(c)(6)

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Overview

What is Lakes Area Business Association?

Lakes Area Business Association is a trade or professional association, acting as a chamber of commerce, situated in Columbus, Minnesota. Their primary objective is to boost businesses in the Forest Lake area. By doing so, they aim to contribute positively to the local economy and community, ultimately promoting the growth and success of businesses within Forest Lake, Minnesota.

Is Lakes Area Business Association legitimate?

Lakes Area Business Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lakes Area Business Association submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Lakes Area Business Association?

The Lakes Area Business Association serves as a trade or professional association, or a chamber of commerce, with a mission to advancedly promote businesses in a specific area. Specifically, their focus is on fostering growth and recognition for businesses situated in Forest Lake, Minnesota. By carrying out this mission, they aim to bolster the local business community and contribute to its overall success.

Who is the CEO of Lakes Area Business Association?

Chris Ruddy is the President of Lakes Area Business Association.

What is the revenue of Lakes Area Business Association?

Lakes Area Business Association's revenue in 2022 was $680.

Who are the executives of Lakes Area Business Association and what are their salaries?


Here are 3 key members and their salaries:


Chris Ruddy (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Freed (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stev Stegner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Lakes Area Business Association?

Lakes Area Business Association's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Lakes Area Business Association

The Lakes Area Business Association, serving as a trade or professional association or chamber of commerce, is dedicated to promoting businesses in the Forest Lake, MN area. In simpler terms, their mission is centered around boosting the visibility and success of businesses situated in Forest Lake, Minnesota. This organization plays a crucial role in fostering a thriving business community within the region.

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Impact




October, 2024

Lakes Area Business Association plays a vital role in promoting and supporting local businesses in the Forest Lake, MN area. By fostering collaboration among business owners, the association encourages networking opportunities, which can lead to new partnerships and increased customer engagement. The organization also works to enhance the visibility of its member businesses through various initiatives, community events, and marketing efforts.

In addition to strengthening individual businesses, the association contributes to the overall economic development of the region. By advocating for policies and initiatives that benefit the local business environment, Lakes Area Business Association helps create a thriving community that attracts new investments and promotes sustainable growth.

Furthermore, the association enhances community improvement efforts by bringing together business leaders to address local issues, promote events, and support initiatives that enrich the quality of life in Forest Lake and its surrounding areas. This collaborative approach not only boosts the local economy but also fosters a sense of community pride and engagement among residents and business owners alike.




This information is meant to be a general summary of Lakes Area Business Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$680 (2022)
Expenses
$579 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $680

Assets and Liabilities:

  • Total Assets: $255
  • Total Liabilities: $0
  • Net Assets: $255

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Organization Details

Principal Officer

Chris Ruddy

Main Address

6838 167TH AVENUE, COLUMBUS, MN, 55025

NTEE Category

Code: S41 - Community improvement

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