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WELSTORES OF MINNESOTA, INC.

Company Details

Name: WELSTORES OF MINNESOTA, INC.
Jurisdiction: Minnesota
Legal type: Nonprofit Corporation (Domestic)
Status: Active / In Good Standing
Date formed: 17 Jul 1984 (41 years ago)
Company Number: 2f2ef3fc-9fd4-e011-a886-001ec94ffe7f
File Number: X-721
Registered Office Address: 310 Brighton Ave., Buffalo, MN 55313, USA
ZIP code: 55313
County: Wright County
Place of Formation: Minnesota

President

Name Role Address
Gina Thomforde President 310 BRIGHTON AVE, BUFFALO, MN 55313, USA

Filing

Filing Name Filing date
Registered Office - Nonprofit Corporation (Domestic) 2013-04-03
Registered Office and/or Agent - Nonprofit Corporation (Domestic) 1993-08-27
Original Filing - Nonprofit Corporation (Domestic) 1984-07-17
Nonprofit Corporation (Domestic) Business Name (Business Name: WELSTORES OF MINNESOTA, INC.) 1984-07-17

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
41-1498214 Corporation Unconditional Exemption 310 BRIGHTON AVE S, BUFFALO, MN, 55313-2303 1985-06
In Care of Name -
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes 509(a)(2)
Tax Period 2023-12
Asset 100,000 to 499,999
Income 100,000 to 499,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Dec
Asset Amount 345952
Income Amount 402186
Form 990 Revenue Amount 402186
National Taxonomy of Exempt Entities -
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name WELSTORES OF MINNESOTA INC
EIN 41-1498214
Tax Period 202212
Filing Type E
Return Type 990
File View File
Organization Name WELSTORES OF MINNESOTA INC
EIN 41-1498214
Tax Period 202112
Filing Type E
Return Type 990
File View File
Organization Name WELSTORES OF MINNESOTA INC
EIN 41-1498214
Tax Period 202012
Filing Type E
Return Type 990
File View File
Organization Name WELSTORES OF MINNESOTA INC
EIN 41-1498214
Tax Period 201812
Filing Type E
Return Type 990
File View File
Organization Name WELSTORES OF MINNESOTA INC
EIN 41-1498214
Tax Period 201712
Filing Type E
Return Type 990
File View File
Organization Name WELSTORES OF MINNESOTA INC
EIN 41-1498214
Tax Period 201612
Filing Type E
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
1259247305 2020-04-28 0508 PPP 310 BRIGHTON AVE S, BUFFALO, MN, 55313-2303
Loan Status Date 2021-02-12
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 22200
Loan Approval Amount (current) 22200
Undisbursed Amount 0
Franchise Name -
Lender Location ID 38796
Servicing Lender Name BANKWEST
Servicing Lender Address 5921 Main St, ROCKFORD, MN, 55373-9557
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address BUFFALO, WRIGHT, MN, 55313-2303
Project Congressional District MN-06
Number of Employees 6
NAICS code 999990
Borrower Race Unanswered
Borrower Ethnicity Not Hispanic or Latino
Business Type Non-Profit Organization
Originating Lender ID 38796
Originating Lender Name BANKWEST
Originating Lender Address ROCKFORD, MN
Gender Female Owned
Veteran Non-Veteran
Forgiveness Amount 22358.14
Forgiveness Paid Date 2021-01-25
4021848504 2021-02-25 0508 PPS 310 Brighton Ave S, Buffalo, MN, 55313-2303
Loan Status Date 2022-04-07
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 21118
Loan Approval Amount (current) 21118
Undisbursed Amount 0
Franchise Name -
Lender Location ID 38796
Servicing Lender Name BANKWEST
Servicing Lender Address 5921 Main St, ROCKFORD, MN, 55373-9557
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Buffalo, WRIGHT, MN, 55313-2303
Project Congressional District MN-06
Number of Employees 8
NAICS code 453998
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 38796
Originating Lender Name BANKWEST
Originating Lender Address ROCKFORD, MN
Gender Male Owned
Veteran Unanswered
Forgiveness Amount 21325.13
Forgiveness Paid Date 2022-03-03

Date of last update: 02 Feb 2025

Sources: Minnesota's Official State Website