NonprofitsSoutheastern Minnesota 504 Development Inc

Southeastern Minnesota 504 Development Inc

ROCHESTER, MN

Total revenue

$1.1M

Total expenses

$578K

Net assets

$1.9M

Grants received

EIN

411678990

Tax year

2024

Mission

Assist small businesses to secure government financing for the purchase of land, buildings, and equipment which will create and/or retain jobs in minnesota and in wisconsin.

Programs

1 program

Assist small businesses to secure government financing for the purchase of land, buildings, and equipment which will create and/or retain jobs in minnesota and in wisconsin.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$960K
Investment income$133K
Other revenue
Total revenue$1.1M

Expenses

Grants paid
Salaries & benefits$439K
Fundraising
Other expenses$139K
Total expenses$578K
Total assets$2.0M
Net assets$1.9M

People

14 listed

NameRoleCompensation

DWAYNE LEE

DIRECTOR OF

Board

$153K

40 hrs/wk

LUANN VANDERWERF

VICE PRESIDE

Board

2 hrs/wk

AARON CASTERTON

TREASURER

Board

2 hrs/wk

RICHARD WEGNER

SECRETARY

Board

2 hrs/wk

TIM CLAWSON

DIRECTOR

Board

2 hrs/wk

RON ZIEGLER

DIRECTOR

Board

2 hrs/wk

MARK MONSON

DIRECTOR

Board

2 hrs/wk

DANIEL VLASAK

PRESIDENT

Board

2 hrs/wk

DIANE LEWIS

DIRECTOR

Board

2 hrs/wk

GARY TIMM

DIRECTOR

Board

2 hrs/wk

WENDELL SANDE

DIRECTOR

Board

2 hrs/wk

CHAD ANDERSON

DIRECTOR

Board

2 hrs/wk

KYLE BENISH

DIRECTOR

Board

2 hrs/wk

DESIREE STROM

DIRECTOR

Board

2 hrs/wk

Details

EIN411678990
Subsection06
Ruling date1991-12
Formed1990
Employees3
SOUTHEASTERN MINNESOTA 504 DEVELOPMENT INC — Mission, Financials & Grants Received | Grantivo