Civic Intelligence

Central Minnesota Development Company

990 • Fiscal year 2021 • EIN 41-1345544

Oct 01, 2020 to Sep 30, 2021 • Filed on Feb 10, 2022

Organization ProfileWWW.CMDCBUSINESSLOANS.COM
1885 Station Parkway NWAndover, MN 55304

(763) 784-3337

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.50x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

1.55x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

38th percentile

6.4%

Higher net margin than 38% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$176,221

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

35th percentile

6.4%

Faster asset growth than 35% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

0.3%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$3,772,232

Up $227,686 (+6.4%) from 2020

Net Assets

Up

$1,872,343

Up $78,749 (+4.4%) from 2020

Liabilities

Up

$1,899,889

Up $148,937 (+8.5%) from 2020

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin38th percentile

Revenue

Up

$1,226,562

Up $4,068 (+0.3%) from 2020

Expenses

Up

$1,147,813

Up $38,359 (+3.5%) from 2020

Net Income

Down

$78,749

Down $34,291 (-30%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $2,592,172Liabilities 2015: $1,348,489Net Assets 2015: $1,243,6832015Assets 2016: $2,837,826Liabilities 2016: $1,479,111Net Assets 2016: $1,358,7152016Assets 2017: $3,213,610Liabilities 2017: $1,620,231Net Assets 2017: $1,593,3792017Assets 2018: $2,803,351Liabilities 2018: $1,254,478Net Assets 2018: $1,548,8732018Assets 2019: $2,951,679Liabilities 2019: $1,271,125Net Assets 2019: $1,680,5542019Assets 2020: $3,544,546Liabilities 2020: $1,750,952Net Assets 2020: $1,793,5942020Assets 2021: $3,772,232Liabilities 2021: $1,899,889Net Assets 2021: $1,872,3432021Assets 2022: $3,109,444Liabilities 2022: $1,343,450Net Assets 2022: $1,765,9942022Assets 2023: $3,077,135Liabilities 2023: $1,080,226Net Assets 2023: $1,996,9092023Assets 2024: $3,012,170Liabilities 2024: $828,224Net Assets 2024: $2,183,9462024Assets 2025: $3,431,925Liabilities 2025: $1,153,731Net Assets 2025: $2,278,1942025

Highlighted filing

2021

Assets$3,772,232
Liabilities$1,899,889
Net Assets$1,872,343
Open 2021 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $761,080Expenses 2015: $691,538Net Income 2015: $69,5422015Revenue 2016: $828,436Expenses 2016: $713,404Net Income 2016: $115,0322016Revenue 2017: $997,105Expenses 2017: $762,441Net Income 2017: $234,6642017Revenue 2018: $831,035Expenses 2018: $875,541Net Income 2018: -$44,5062018Revenue 2019: $865,883Expenses 2019: $734,202Net Income 2019: $131,6812019Revenue 2020: $1,222,494Expenses 2020: $1,109,454Net Income 2020: $113,0402020Revenue 2021: $1,226,562Expenses 2021: $1,147,813Net Income 2021: $78,7492021Revenue 2022: $999,166Expenses 2022: $1,105,515Net Income 2022: -$106,3492022Revenue 2023: $1,198,809Expenses 2023: $967,894Net Income 2023: $230,9152023Revenue 2024: $1,271,694Expenses 2024: $1,148,535Net Income 2024: $123,1592024Revenue 2025: $1,403,050Expenses 2025: $1,308,802Net Income 2025: $94,2482025

Highlighted filing

2021

Revenue$1,226,562
Expenses$1,147,813
Net Income$78,749
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Feb 10, 2022
Return Version
2020v4.2
Gross Receipts
$1,255,859
Mission and Program Overview

Mission

Cmdc is committed to promoting economic development by cultivating a financing environment that allows minnesota small businesses to grow and prosper.

To process and monitor sba loan programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,793,594$1,872,343▲ $78,749
Cash and Non-Interest-Bearing Accounts$1,270,613$1,581,960▲ $311,347
Savings and Temporary Cash Investments$371,156$634,469▲ $263,313
Land, Buildings, and Equipment, Net$482,720$456,738▼ $25,982
Other Notes and Loans Receivable, Net$98,292$80,368▼ $17,924
Prepaid Expenses and Deferred Charges$4,319$5,645▲ $1,326
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,544,546$3,772,232▲ $227,686
Other Assets Total$1,317,446$1,013,052▼ $304,394
Liabilities
Unsecured Notes Loans Payable$843,293$761,400▼ $81,893
Accounts Payable and Accrued Expenses$518,076$729,657▲ $211,581
Other Liabilities$389,583$408,832▲ $19,249
Total Liabilities$1,750,952$1,899,889▲ $148,937
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,793,594$1,872,343▲ $78,749
Total Liabilities and Net Assets / Fund Balance$3,544,546$3,772,232▲ $227,686

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$329,304$347,385$676,689
Equipment$12,934$127,499$140,433
Land$114,500-$114,500
Other Land Buildings$0$2,643$2,643
Other Assets Org$83,028--
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mike MulrooneyExecutive DirectorFT$176,221$176,221

Board Members and Trustees

NameTitle
Jerry TeesonChairman
David RymanowskiVice Chairman
Clark ArnesonDirector
Dave BuelowDirector
Don McguireDirector
Joe PetersonDirector
Larry CraneDirector
Marty FisherDirector
Julie LuxSecretary
Timothy WalkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,178,423
Investment Income
$43,309
Other Revenue
$4,830
Change in Net Assets
$78,749

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,255,859
Revenue Not Reported on Financial Statements
$-29,297
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-29,297
Total Revenue per Audited Statements
$1,255,859
Total Revenue per Form 990
$1,226,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$946,716
Other Expenses$201,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$580,848$16,186-$597,034
Current Officers, Directors, Trustees, and Key Employees$149,507$26,714-$176,221
Other Employee Benefits$62,973$3,699-$66,672
Fees for Services Accounting$63,901--$63,901
Pension Plan Contributions$52,812$3,102-$55,914
Payroll Taxes$48,052$2,823-$50,875
Office Expenses$35,222--$35,222
Insurance$15,577--$15,577
All Other Expenses$10,103--$10,103
Advertising$8,566--$8,566
Interest$7,504--$7,504
Other Expenses$5,690--$5,690
Depreciation Depletion$5,529--$5,529
Conferences and Meetings$3,405--$3,405
Travel$2,520--$2,520
Total Functional Expenses$1,095,289$52,524$0$1,147,813

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,177,110
Total Expenses per Audited Statements$1,177,110
Total Expenses per Form 990$1,147,813
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-29,297
Other Expense Adjustments$-29,297
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Revolving Loan Fund$356,118
Deferred Loan Fees$52,714
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The executive director first reviews the 990 received from the accountant, then is reviewed by the executive committee who presents it to the board for review and approval prior to mailing.”

Form 990, Part VI, Section B, Line 12C

“Discussed at least annually at the board meeting to keep members aware.”

Form 990, Part VI, Section B, Line 15

“Annual reviews are completed with consideration of accomplishments of personal and buisness goals. Industry standards are used in conjunction with accomplishments. All compensation rates are reviewed and approved by the board.”

Form 990, Part VI, Section C, Line 19

“Available at the office upon request.”

Filing and Contact Details

Filer

Filer Name
Central Minnesota Development Company
EIN
41-1345544
Phone
7637843337
Address
1885 STATION PARKWAY NW, ANDOVER, MN 55304

Signing Officer

Name
Mike Mulrooney
Title
Executive Director
Phone
7637843337
Signed
2022-02-10

Organization Details

Principal Officer
Mike Mulrooney
Formed
1978
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
6
Volunteers
0

Preparer

Firm
Smith Schafer & Associates Ltd
Address
7500 HIGHWAY 55 SUITE 350, MINNEAPOLIS, MN 55427
Preparer
Dean Richards
Phone
9529201455
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income tax under section 501(c)(6) of the internal revenue code. Certain organizational activities are taxable as unrelated business income. There is no provision or liability for federal income taxes for the year presented, as those activities did not result in taxable income. Management has determined that the organization does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures. The organization's federal information returns are subject to examination by the irs, generally for three years after they were filed.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“RENTAL EXPENSES”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“RENTAL EXPENSES”

Raw XML AppendixShowing 400 of 450 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0518076
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0729657
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROCESS AND MONITOR SBA LOAN PROGRAMS.
IRS990/AdvertisingGrp/ProgramServicesAmt08566
IRS990/AdvertisingGrp/TotalAmt08566
IRS990/AllOtherExpensesGrp/ProgramServicesAmt010103
IRS990/AllOtherExpensesGrp/TotalAmt010103
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/PersonNm0MICHAEL MULROONEY
IRS990/BooksInCareOfDetail/PhoneNum07637843337
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01885 STATION PARKWAY NW SUITE A
IRS990/BooksInCareOfDetail/USAddress/CityNm0ANDOVER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055304
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01270613
IRS990/CashNonInterestBearingGrp/EOYAmt01581960
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt026714
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0149507
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0176221
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03405
IRS990/ConferencesMeetingsGrp/TotalAmt03405
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt043309
IRS990/CYOtherExpensesAmt0201097
IRS990/CYOtherRevenueAmt04830
IRS990/CYProgramServiceRevenueAmt01178423
IRS990/CYRevenuesLessExpensesAmt078749
IRS990/CYSalariesCompEmpBnftPaidAmt0946716
IRS990/CYTotalExpensesAmt01147813
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01226562
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt05529
IRS990/DepreciationDepletionGrp/TotalAmt05529
IRS990/Desc0THE ORGANIZATION IS A SBA CERTIFIED DEVELOPMENT COMPANY ORGANIZED FOR THE PURPOSE OF PROMOTING ECONOMIC VIABILITY WITHIN CENTRAL MINNESOTA BY CULTIVATING A FINANCING ENVIRONMENT THAT ALLOWS SMALL BUSINESSES TO PROSPER.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt01095289
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt063901
IRS990/FeesForServicesAccountingGrp/TotalAmt063901
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0JERRY TEESON
IRS990/Form990PartVIISectionAGrp/PersonNm1JULIE LUX
IRS990/Form990PartVIISectionAGrp/PersonNm2TIMOTHY WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID RYMANOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm4MARTY FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm5JOE PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm6DON MCGUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm7CLARK ARNESON
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVE BUELOW
IRS990/Form990PartVIISectionAGrp/PersonNm9LARRY CRANE
IRS990/Form990PartVIISectionAGrp/PersonNm10MIKE MULROONEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10176221
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01255859
IRS990/GrossRentsGrp/RealAmt032065
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt015577
IRS990/InsuranceGrp/TotalAmt015577
IRS990/InterestGrp/ProgramServicesAmt07504
IRS990/InterestGrp/TotalAmt07504
IRS990/InvestmentIncomeGrp/ExclusionAmt043309
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt043309
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0477527
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0482720
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0456738
IRS990/LandBldgEquipCostOrOtherBssAmt0934265
IRS990/LegalDomicileStateCd0MN
IRS990/LessRentalExpensesGrp/RealAmt029297
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CMDC IS COMMITTED TO PROMOTING ECONOMIC DEVELOPMENT BY CULTIVATING A FINANCING ENVIRONMENT THAT ALLOWS MINNESOTA SMALL BUSINESSES TO GROW AND PROSPER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01793594
IRS990/NetAssetsOrFundBalancesEOYAmt01872343
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02768
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt02768
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt035222
IRS990/OfficeExpensesGrp/TotalAmt035222
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01317446
IRS990/OtherAssetsTotalGrp/EOYAmt01013052
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03699
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt062973
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066672
IRS990/OtherExpensesGrp/Desc0COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2MAINTENACE AND REPAIRS
IRS990/OtherExpensesGrp/Desc3EQUIPMENTAL RENTAL
IRS990/OtherExpensesGrp/ProgramServicesAmt019044
IRS990/OtherExpensesGrp/ProgramServicesAmt113903
IRS990/OtherExpensesGrp/ProgramServicesAmt210133
IRS990/OtherExpensesGrp/ProgramServicesAmt35690
IRS990/OtherExpensesGrp/TotalAmt019044
IRS990/OtherExpensesGrp/TotalAmt113903
IRS990/OtherExpensesGrp/TotalAmt210133
IRS990/OtherExpensesGrp/TotalAmt35690
IRS990/OtherLiabilitiesGrp/BOYAmt0389583
IRS990/OtherLiabilitiesGrp/EOYAmt0408832
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02062
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02062
IRS990/OtherRevenueTotalAmt02062
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016186
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0580848
IRS990/OtherSalariesAndWagesGrp/TotalAmt0597034
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt098292
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt080368
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02823
IRS990/PayrollTaxesGrp/ProgramServicesAmt048052
IRS990/PayrollTaxesGrp/TotalAmt050875
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03102
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt052812
IRS990/PensionPlanContributionsGrp/TotalAmt055914
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04319
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05645
IRS990/PrincipalOfficerNm0MIKE MULROONEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN ORIGINATION AND S
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01178423
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01178423
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt065008
IRS990/PYOtherExpensesAmt0204233
IRS990/PYOtherRevenueAmt02001
IRS990/PYProgramServiceRevenueAmt01155485
IRS990/PYRevenuesLessExpensesAmt0113040
IRS990/PYSalariesCompEmpBnftPaidAmt0905221
IRS990/PYTotalExpensesAmt01109454
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01222494
IRS990/ReconcilationRevenueExpnssAmt078749
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02768
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01793594
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01872343
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0371156
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0634469
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0329304
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0347385
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0676689
IRS990ScheduleD/EquipmentGrp/BookValueAmt012934
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0127499
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0140433
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-29297
IRS990ScheduleD/ExpensesSubtotalAmt01177110
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0114500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0114500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0468479
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1100255
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2361290
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt383028
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ILP NOTES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REVOLVING LOAN FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CERTIFICATES OF DEPOSIT - LONG-TERM
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-29297
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02643
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02643
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0356118
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt152714
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REVOLVING LOAN FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED LOAN FEES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-29297
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-29297
IRS990ScheduleD/RevenueSubtotalAmt01255859
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. CERTAIN ORGANIZATIONAL ACTIVITIES ARE TAXABLE AS UNRELATED BUSINESS INCOME. THERE IS NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES FOR THE YEAR PRESENTED, AS THOSE ACTIVITIES DID NOT RESULT IN TAXABLE INCOME. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE ORGANIZATION'S FEDERAL INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0456738
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01013052
IRS990ScheduleD/TotalExpensesPerForm990Amt01147813
IRS990ScheduleD/TotalLiabilityAmt0408832
IRS990ScheduleD/TotalRevenuePerForm990Amt01226562
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01255859
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01177110
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0176221
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MIKE MULROONEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0176221
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR FIRST REVIEWS THE 990 RECEIVED FROM THE ACCOUNTANT, THEN IS REVIEWED BY THE EXECUTIVE COMMITTEE WHO PRESENTS IT TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO MAILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCUSSED AT LEAST ANNUALLY AT THE BOARD MEETING TO KEEP MEMBERS AWARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL REVIEWS ARE COMPLETED WITH CONSIDERATION OF ACCOMPLISHMENTS OF PERSONAL AND BUISNESS GOALS. INDUSTRY STANDARDS ARE USED IN CONJUNCTION WITH ACCOMPLISHMENTS. ALL COMPENSATION RATES ARE REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE AT THE OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03544546
IRS990/TotalAssetsEOYAmt03772232
IRS990/TotalAssetsGrp/BOYAmt03544546
IRS990/TotalAssetsGrp/EOYAmt03772232
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052524
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01095289
IRS990/TotalFunctionalExpensesGrp/TotalAmt01147813
IRS990/TotalGrossUBIAmt02768
IRS990/TotalLiabilitiesBOYAmt01750952
IRS990/TotalLiabilitiesEOYAmt01899889
IRS990/TotalLiabilitiesGrp/BOYAmt01750952
IRS990/TotalLiabilitiesGrp/EOYAmt01899889
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01793594
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01872343
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01095289
IRS990/TotalProgramServiceRevenueAmt01178423
IRS990/TotalReportableCompFromOrgAmt0176221
IRS990/TotalRevenueGrp/ExclusionAmt043309
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01180485
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01226562
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02768
IRS990/TotalVolunteersCnt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,772,232
Liabilities
$1,899,889
Net assets
$1,872,343
Revenue
$1,226,562
Expenses
$1,147,813
Net income
$78,749
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.43$1.15$2.28$1.40$1.31$0.09
2024Detailed filing. Detailed filing data is available for this year.$3.01$0.83$2.18$1.27$1.15$0.12
2023Detailed filing. Detailed filing data is available for this year.$3.08$1.08$2.00$1.20$0.97$0.23
2022Detailed filing. Detailed filing data is available for this year.$3.11$1.34$1.77$1.00$1.11$0.11
2021Detailed filing. Detailed filing data is available for this year.$3.77$1.90$1.87$1.23$1.15$0.08
2020Detailed filing. Detailed filing data is available for this year.$3.54$1.75$1.79$1.22$1.11$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.95$1.27$1.68$0.87$0.73$0.13
2018Detailed filing. Detailed filing data is available for this year.$2.80$1.25$1.55$0.83$0.88$0.04
2017Detailed filing. Detailed filing data is available for this year.$3.21$1.62$1.59$1.00$0.76$0.23
2016Detailed filing. Detailed filing data is available for this year.$2.84$1.48$1.36$0.83$0.71$0.12
2015Detailed filing. Detailed filing data is available for this year.$2.59$1.35$1.24$0.76$0.69$0.07