Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
990 • Fiscal year 2012 • EIN 41-1577185
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
55th percentile
Faster asset growth than 55% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Assets
Up$1,590,998
Up $45,313 (+2.9%) from 2011
Net Assets
Up$1,340,800
Up $646 (+0.0%) from 2011
Liabilities
Up$250,198
Up $44,667 (+22%) from 2011
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$1,435,539
Up $179,901 (+14%) from 2011
Net Income
-
No earlier filing loaded for comparison.
The organization's mission is to provide innovative financing resources that foster business growth.
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/AccountantCompileOrReview | 0 | 0 |
| IRS990/AccountsPayableAccruedExpenses/BOY | 0 | 124278 |
| IRS990/AccountsPayableAccruedExpenses/EOY | 0 | 174835 |
| IRS990/AccountsReceivable/BOY | 0 | 83606 |
| IRS990/AccountsReceivable/EOY | 0 | 87308 |
| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/ActivityOrMissionDescription | 0 | THIS CORPORATION ELECTS TO BE GOVERNED UNDER THE PROVISIONS OF MINNESOTA STATUTES CHAPTER 317A. THE CHIEF PURPOSE AND NATURE OF ITS BUSINESS SHALL BE FOR THE PURPOSE OF FURTHERING THE ECONOMIC DEVELOPMENT OF THE STATE OF MINNESOTA AND SURROUNDING LOCAL ECONOMIC DEVELOPMENT AREA. TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS IN SAID AREA; TO ACCOMPLISH THESE PURPOSES BY MAKING PLANT AND OTHER FACILITIES AVAILABLE TO ALL SUCH BUSINESS CONCERNS THROUGH LEASE OR OTHER MEANS AND THEREBY TO CONTRIBUTE TO THE ECONOMIC WELL-BEING OF THE AREA AS MEASURED BY INCREASED EMPLOYMENT, PAYROLL, BUSINESS VOLUME, AND CORRESPONDING FACTORS RATHER THAN MONETARY PROFITS TO THE MEMBERS. THE CORPORATION DOES NOT AFFORD PECUNIARY GAIN, INCIDENTAL OR OTHERWISE TO ITS MEMBERS. |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | 3900 NORTHWOODS DRIVE NO 225 |
| IRS990/AddressPrincipalOfficerUS/City | 0 | ARDEN HILLS |
| IRS990/AddressPrincipalOfficerUS/State | 0 | MN |
| IRS990/AddressPrincipalOfficerUS/ZIPCode | 0 | 55112 |
| IRS990/Advertising/ProgramServices | 0 | 37980 |
| IRS990/Advertising/Total | 0 | 37980 |
| IRS990/AllOtherExpenses/ManagementAndGeneral | 0 | 1380 |
| IRS990/AllOtherExpenses/ProgramServices | 0 | 14395 |
| IRS990/AllOtherExpenses/Total | 0 | 15775 |
| IRS990/AnnualDisclosureCoveredPersons | 0 | 1 |
| IRS990/AuditCommittee | 0 | 0 |
| IRS990/BenefitsPaidToMembersCY | 0 | 0 |
| IRS990/BenefitsPaidToMembersPriorYear | 0 | 0 |
| IRS990/BsnssRltnshpThruFamilyMember | 0 | 0 |
| IRS990/BsnssRltnshpWithOrganization | 0 | 0 |
| IRS990/CashNonInterestBearing/BOY | 0 | 204943 |
| IRS990/CashNonInterestBearing/EOY | 0 | 290590 |
| IRS990/ChangesToOrganizingDocs | 0 | 0 |
| IRS990/CollectionsOfArt | 0 | 0 |
| IRS990/CompensationFromOtherSources | 0 | 0 |
| IRS990/CompensationProcessCEO | 0 | 1 |
| IRS990/CompensationProcessOther | 0 | 1 |
| IRS990/ComplianceWithBackupWitholding | 0 | 1 |
| IRS990/ConferencesMeetings/ProgramServices | 0 | 24093 |
| IRS990/ConferencesMeetings/Total | 0 | 24093 |
| IRS990/ConflictOfInterestPolicy | 0 | 1 |
| IRS990/ConservationEasements | 0 | 0 |
| IRS990/ConsolidatedAuditFinancialStmt | 0 | 0 |
| IRS990/ContributionsGrantsCurrentYear | 0 | 0 |
| IRS990/ContributionsGrantsPriorYear | 0 | 0 |
| IRS990/CreditCounseling | 0 | 0 |
| IRS990/DecisionsSubjectToApproval | 0 | 1 |
| IRS990/DeductibleContributionsOfArt | 0 | 0 |
| IRS990/DeductibleNonCashContributions | 0 | 0 |
| IRS990/DelegationOfManagementDuties | 0 | 0 |
| IRS990/DepreciationDepletion/ManagementAndGeneral | 0 | 1262 |
| IRS990/DepreciationDepletion/ProgramServices | 0 | 20489 |
| IRS990/DepreciationDepletion/Total | 0 | 21751 |
| IRS990/DescribedIn501C3 | 0 | 0 |
| IRS990/Description | 0 | SPEDCO 504 PROGRAM INCLUDES 503/504 LOANS FOR THE PURPOSE OF FURTHERING THE ECONOMIC DEVELOPMENT FOR THE STATE OF MINNESOTA. APPROXIMATELY 46 LOANS WERE CLOSED IN 2012. |
| IRS990/DisregardedEntity | 0 | 0 |
| IRS990/DocumentRetentionPolicy | 0 | 1 |
| IRS990/DonorAdvisedFunds | 0 | 0 |
| IRS990/ElectionOfBoardMembers | 0 | 1 |
| IRS990/ExcessBenefitTransaction | 0 | 0 |
| IRS990/Expense | 0 | 1317992 |
| IRS990/FamilyOrBusinessRelationship | 0 | 0 |
| IRS990/FederalGrantAuditRequired | 0 | 0 |
| IRS990/FeesForServicesAccounting/ManagementAndGeneral | 0 | 27721 |
| IRS990/FeesForServicesAccounting/Total | 0 | 27721 |
| IRS990/FeesForServicesLegal/ManagementAndGeneral | 0 | 1770 |
| IRS990/FeesForServicesLegal/Total | 0 | 1770 |
| IRS990/FollowSFAS117 | 0 | X |
| IRS990/ForeignActivities | 0 | 0 |
| IRS990/ForeignFinancialAccount | 0 | 0 |
| IRS990/ForeignOffice | 0 | 0 |
| IRS990/Form8282PropertyDisposedOf | 0 | 0 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 0 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 1 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 2 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 3 | 44.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 4 | 44.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 5 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 6 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 7 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 8 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 9 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 10 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 11 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 12 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 13 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 14 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 15 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 16 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 17 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 18 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 19 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 20 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 21 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 22 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 23 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 24 | 40.00 |
| IRS990/Form990PartVIISectionA/HighestCompensatedEmployee | 0 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 0 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 1 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 2 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 3 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 4 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 5 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 6 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 7 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 8 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 9 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 10 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 11 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 12 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 13 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 14 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 15 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 16 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 17 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 18 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 19 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 20 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 21 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 22 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 23 | X |
| IRS990/Form990PartVIISectionA/NamePerson | 0 | DION MUCHOW |
| IRS990/Form990PartVIISectionA/NamePerson | 1 | RUSS GRUNDHAUSER |
| IRS990/Form990PartVIISectionA/NamePerson | 2 | TONY DUBAY |
| IRS990/Form990PartVIISectionA/NamePerson | 3 | KRISTIN WOOD |
| IRS990/Form990PartVIISectionA/NamePerson | 4 | ANDY CLAUSEN |
| IRS990/Form990PartVIISectionA/NamePerson | 5 | RICK ANDERSON |
| IRS990/Form990PartVIISectionA/NamePerson | 6 | JOE STRANIK |
| IRS990/Form990PartVIISectionA/NamePerson | 7 | GREG WITTNEBEL |
| IRS990/Form990PartVIISectionA/NamePerson | 8 | KIM STOREY |
| IRS990/Form990PartVIISectionA/NamePerson | 9 | JOHN FRITZ |
| IRS990/Form990PartVIISectionA/NamePerson | 10 | DAVID CARLSON |
| IRS990/Form990PartVIISectionA/NamePerson | 11 | LOREN HERBST |
| IRS990/Form990PartVIISectionA/NamePerson | 12 | BOB LIND |
| IRS990/Form990PartVIISectionA/NamePerson | 13 | SEAN BOLAND |
| IRS990/Form990PartVIISectionA/NamePerson | 14 | LORRIE LOUDER |
| IRS990/Form990PartVIISectionA/NamePerson | 15 | ERIC BRITT |
| IRS990/Form990PartVIISectionA/NamePerson | 16 | DARCY FUTRELL |
| IRS990/Form990PartVIISectionA/NamePerson | 17 | JOHN EDSON |
| IRS990/Form990PartVIISectionA/NamePerson | 18 | WENDY ETHEN |
| IRS990/Form990PartVIISectionA/NamePerson | 19 | JAY GIKAS |
| IRS990/Form990PartVIISectionA/NamePerson | 20 | BRENDA STUDT |
| IRS990/Form990PartVIISectionA/NamePerson | 21 | CHET MASSERANO |
| IRS990/Form990PartVIISectionA/NamePerson | 22 | PAUL FLOOD |
| IRS990/Form990PartVIISectionA/NamePerson | 23 | JON ARMOUR |
| IRS990/Form990PartVIISectionA/NamePerson | 24 | RUSSELL KNIGHTON JR |
| IRS990/Form990PartVIISectionA/Officer | 0 | X |
| IRS990/Form990PartVIISectionA/Officer | 1 | X |
| IRS990/Form990PartVIISectionA/OtherCompensation | 0 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 1 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 2 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 3 | 10018 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 4 | 5577 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 5 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 6 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 7 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 8 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 9 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 10 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 11 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 12 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 13 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 14 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 15 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 16 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 17 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 18 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 19 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 20 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 21 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 22 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 23 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 24 | 6571 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 0 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 1 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 2 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 3 | 186107 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 4 | 132515 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 5 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 6 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 7 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 8 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 9 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 10 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 11 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 12 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 13 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 14 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 15 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 16 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 17 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 18 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 19 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 20 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 21 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 22 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 23 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 24 | 116778 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 0 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 1 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 2 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 3 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 4 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 5 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 6 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 7 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 8 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 9 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 10 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 11 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 12 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 13 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 14 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 15 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 16 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 17 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 18 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 19 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 20 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 21 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 22 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 23 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 24 | 0 |
| IRS990/Form990PartVIISectionA/Title | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionA/Title | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionA/Title | 2 | SECRETARY/TREASURER |
| IRS990/Form990PartVIISectionA/Title | 3 | EX DIRECTOR/ASST SEC |
| IRS990/Form990PartVIISectionA/Title | 4 | SR. LOAN OFFICER/ASSISTANT TREASURER |
| IRS990/Form990PartVIISectionA/Title | 5 | PAST PRESIDENT |
| IRS990/Form990PartVIISectionA/Title | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 14 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 15 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 16 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 17 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 18 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 19 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 20 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 21 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 22 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 23 | EX-OFFICIO MEMBER |
| IRS990/Form990PartVIISectionA/Title | 24 | LOAN OFFICER |
| IRS990/Form990ProvidedToGoverningBody | 0 | 0 |
| IRS990/FormersListed | 0 | 0 |
| IRS990/FSAudited | 0 | 1 |
| IRS990/FSAuditedBasis/FinancialStatementSeparate | 0 | X |
| IRS990/FundraisingActivities | 0 | 0 |
| IRS990/FundsToPayPremiums | 0 | 0 |
| IRS990/GainOrLoss/Other | 0 | -294 |
| IRS990/Gaming | 0 | 0 |
| IRS990/Grants | 0 | 152550 |
| IRS990/GrantsAndSimilarAmntsCY | 0 | 152550 |
| IRS990/GrantsAndSimilarAmntsPriorYear | 0 | 76135 |
| IRS990/GrantsToDomesticOrgs/ProgramServices | 0 | 152550 |
| IRS990/GrantsToDomesticOrgs/Total | 0 | 152550 |
| IRS990/GrantsToIndividuals | 0 | 0 |
| IRS990/GrantsToOrganizations | 0 | 1 |
| IRS990/GrantToRelatedPerson | 0 | 0 |
| IRS990/GrossReceipts | 0 | 1436479 |
| IRS990/GroupReturnForAffiliates | 0 | 0 |
| IRS990/Hospital | 0 | 0 |
| IRS990/IndependentAuditFinancialStmt | 0 | 1 |
| IRS990/IndoorTanningServices | 0 | 0 |
| IRS990/InfoInScheduleOPartVI | 0 | X |
| IRS990/Insurance/ManagementAndGeneral | 0 | 5829 |
| IRS990/Insurance/ProgramServices | 0 | 8743 |
| IRS990/Insurance/Total | 0 | 14572 |
| IRS990/InvestmentIncomeCurrentYear | 0 | 6155 |
| IRS990/InvestmentIncomePriorYear | 0 | 8425 |
| IRS990/InvestmentIncome/RelatedOrExemptFunctionIncome | 0 | 6449 |
| IRS990/InvestmentIncome/TotalRevenueColumn | 0 | 6449 |
| IRS990/InvestmentInJointVenture | 0 | 0 |
| IRS990/LandBldgEquipmentAccumDeprec | 0 | 110215 |
| IRS990/LandBuildingsEquipmentBasis | 0 | 159315 |
| IRS990/LandBuildingsEquipmentBasisNet/BOY | 0 | 62816 |
| IRS990/LandBuildingsEquipmentBasisNet/EOY | 0 | 49100 |
| IRS990/LessCostOthBasisSalesExpenses/Other | 0 | 294 |
| IRS990/LoanToOfficerOrDQP | 0 | 0 |
| IRS990/LocalChapters | 0 | 0 |
| IRS990/MaterialDiversionOrMisuse | 0 | 0 |
| IRS990/MembersOrStockholders | 0 | 1 |
| IRS990/MethodOfAccountingAccrual | 0 | X |
| IRS990/MinutesOfCommittees | 0 | 1 |
| IRS990/MinutesOfGoverningBody | 0 | 1 |
| IRS990/MissionDescription | 0 | SPEDCO IS A NON-PROFIT CERTIFIED DEVELOPMENT COMPANY WHOSE MISSION IS TO HELP SMALL BUSINESSES OBTAIN FINANCING FOR JOB CREATION, TO FUND BUSINESS EXPANSION AND TO PROMOTE ECONOMIC DEVELOPMENT IN MINNESOTA. |
| IRS990/MoreThan5000KToIndividuals | 0 | 0 |
| IRS990/MoreThan5000KToOrganizations | 0 | 0 |
| IRS990/NameOfPrincipalOfficerPerson | 0 | KRISTIN WOOD |
| IRS990/NbrIndependentVotingMembers | 0 | 22 |
| IRS990/NbrVotingGoverningBodyMembers | 0 | 23 |
| IRS990/NbrVotingMembersGoverningBody | 0 | 23 |
| IRS990/NetAssetsOrFundBalancesBOY | 0 | 1340154 |
| IRS990/NetAssetsOrFundBalancesEOY | 0 | 1340800 |
| IRS990/NetGainOrLossInvestments/RelatedOrExemptFunctionIncome | 0 | -294 |
| IRS990/NetGainOrLossInvestments/TotalRevenueColumn | 0 | -294 |
| IRS990/NetUnrelatedBusinessTxblIncome | 0 | 0 |
| IRS990/NonDeductibleContributions | 0 | 0 |
| IRS990/NumberFormsTransmittedWith1096 | 0 | 12 |
| IRS990/NumberIndependentVotingMembers | 0 | 22 |
| IRS990/NumberIndividualsGT100K | 0 | 3 |
| IRS990/NumberOfContractorsGT100K | 0 | 0 |
| IRS990/NumberOfEmployees | 0 | 0 |
| IRS990/NumberW2GIncluded | 0 | 0 |
| IRS990/Occupancy/ManagementAndGeneral | 0 | 8118 |
| IRS990/Occupancy/ProgramServices | 0 | 73061 |
| IRS990/Occupancy/Total | 0 | 81179 |
| IRS990/OfficeExpenses/ManagementAndGeneral | 0 | 2114 |
| IRS990/OfficeExpenses/ProgramServices | 0 | 28081 |
| IRS990/OfficeExpenses/Total | 0 | 30195 |
| IRS990/OfficerEntityWithBsnssRltnshp | 0 | 0 |
| IRS990/OfficerMailingAddress | 0 | 0 |
| IRS990/Organization501c | 0 | X |
| IRS990/OtherAssetsTotal/BOY | 0 | 160539 |
| IRS990/OtherAssetsTotal/EOY | 0 | 165724 |
| IRS990/OtherExpensePriorYear | 0 | 1179503 |
| IRS990/OtherExpensesCurrentYear | 0 | 1282989 |
| IRS990/OtherExpenses/Description | 0 | PERSONNELL COSTS |
| IRS990/OtherExpenses/Description | 1 | GENERAL CONSULTING |
| IRS990/OtherExpenses/Description | 2 | TRAINING |
| IRS990/OtherExpenses/Description | 3 | TELEPHONES |
| IRS990/OtherExpenses/ManagementAndGeneral | 0 | 65886 |
| IRS990/OtherExpenses/ManagementAndGeneral | 1 | 2514 |
| IRS990/OtherExpenses/ManagementAndGeneral | 2 | 953 |
| IRS990/OtherExpenses/ProgramServices | 0 | 875349 |
| IRS990/OtherExpenses/ProgramServices | 1 | 43154 |
| IRS990/OtherExpenses/ProgramServices | 2 | 14490 |
| IRS990/OtherExpenses/ProgramServices | 3 | 12657 |
| IRS990/OtherExpenses/Total | 0 | 941235 |
| IRS990/OtherExpenses/Total | 1 | 45668 |
| IRS990/OtherExpenses/Total | 2 | 14490 |
| IRS990/OtherExpenses/Total | 3 | 13610 |
| IRS990/OtherLiabilities/BOY | 0 | 81253 |
| IRS990/OtherLiabilities/EOY | 0 | 75363 |
| IRS990/OtherRevenueCurrentYear | 0 | -325 |
| IRS990/OtherRevenueMisc/BusinessCode | 0 | 522200 |
| IRS990/OtherRevenueMisc/Description | 0 | UNREALIZED GAIN/LOSS O |
| IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome | 0 | -325 |
| IRS990/OtherRevenueMisc/TotalRevenueColumn | 0 | -325 |
| IRS990/OtherRevenuePriorYear | 0 | 404 |
| IRS990/PartialLiquidation | 0 | 0 |
| IRS990/PoliticalActivities | 0 | 0 |
| IRS990/PremiumsPaid | 0 | 0 |
| IRS990/PrepaidExpensesDeferredCharges/BOY | 0 | 22122 |
| IRS990/PrepaidExpensesDeferredCharges/EOY | 0 | 19589 |
| IRS990/PriorExcessBenefitTransaction | 0 | 0 |
| IRS990/ProfessionalFundraising | 0 | 0 |
| IRS990/ProgramServiceRevenue/BusinessCode | 0 | 522200 |
| IRS990/ProgramServiceRevenue/BusinessCode | 1 | 522200 |
| IRS990/ProgramServiceRevenue/BusinessCode | 2 | 522200 |
| IRS990/ProgramServiceRevenue/BusinessCode | 3 | 522200 |
| IRS990/ProgramServiceRevenue/BusinessCode | 4 | 522200 |
| IRS990/ProgramServiceRevenueCY | 0 | 1430355 |
| IRS990/ProgramServiceRevenue/Description | 0 | SERVICING FEES |
| IRS990/ProgramServiceRevenue/Description | 1 | ORIGINATION FEES |
| IRS990/ProgramServiceRevenue/Description | 2 | OTHER INCOME |
| IRS990/ProgramServiceRevenue/Description | 3 | FLOAT REVENUE |
| IRS990/ProgramServiceRevenue/Description | 4 | CLOSING FEES |
| IRS990/ProgramServiceRevenuePriorYear | 0 | 1192468 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 0 | 934808 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 1 | 443854 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 2 | 21782 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 3 | 15870 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 4 | 13941 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 0 | 934808 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 1 | 443854 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 2 | 21782 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 3 | 15870 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 4 | 13941 |
| IRS990/ProhibitedTaxShelterTrans | 0 | 0 |
| IRS990/QuidProQuoContributions | 0 | 0 |
| IRS990/ReconcilationOtherChanges | 0 | 0 |
| IRS990/ReconcilationRevenueExpenses | 0 | 646 |
| IRS990/RegularMonitoringEnforcement | 0 | 1 |
| IRS990/RelatedEntity | 0 | 0 |
| IRS990/RelatedOrgControlledEntity | 0 | 0 |
| IRS990/ReportFin48Footnote | 0 | 0 |
| IRS990/ReportInvestOthSecurities | 0 | 0 |
| IRS990/ReportLandBldgEquip | 0 | 1 |
| IRS990/ReportOtherAssets | 0 | 1 |
| IRS990/ReportOtherLiabilities | 0 | 1 |
| IRS990/ReportProgRelInvest | 0 | 0 |
| IRS990/Revenue | 0 | 1436185 |
| IRS990/RevenuesLessExpensesCY | 0 | 646 |
| IRS990/RevenuesLessExpensesPriorYear | 0 | -54341 |
| IRS990/SalariesEtcCurrentYear | 0 | 0 |
| IRS990/SalariesEtcPriorYear | 0 | 0 |
| IRS990/SavingsAndTempCashInvestments/BOY | 0 | 1011659 |
| IRS990/SavingsAndTempCashInvestments/EOY | 0 | 978687 |
| IRS990/ScheduleBRequired | 0 | 0 |
| IRS990ScheduleD/Equipment/BookValue | 0 | 35106 |
| IRS990ScheduleD/Equipment/Depreciation | 0 | 102783 |
| IRS990ScheduleD/Equipment/InvestmentCostOrOtherBasis | 0 | 137889 |
| IRS990ScheduleD/ExpensesNotRptdF990 | 0 | -4507 |
| IRS990ScheduleD/ExpensesNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotal | 0 | 1435539 |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | LOSS ON DISPOSAL PROVISION FOR LOSS RESERVES |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 1 | LOSS ON DISPOSAL PROVISION FOR LOSS RESERVES |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 2 | THE ORGANIZATION HAS ELECTED TO BE TREATED AS A NONPROFIT CORPORATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(4). NONPROFIT ORGANIZATIONS ARE GENERALLY TAX-EXEMPT. HOWEVER, IN CERTAIN SITUATIONS, FOR EXAMPLE THE RECEIPT OF UNRELATED BUSINESS INCOME, THE ORGANIZATION COULD BE SUBJECT TO INCOME TAXES. NO LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS WERE REQUIRED TO BE RECORDED AS OF DECEMBER 31, 2012. THE ORGANIZATION DOES NOT ANTICIPATE SIGNIFICANT CHANGES IN UNCERTAIN TAX POSITIONS AND RELATED LIABILITIES WITHIN THE NEXT TWELVE MONTHS. INTEREST AND PENALTIES, IF ANY, PERTAINING TO INCOME TAX RELATED ISSUES ARE RECORDED AS INTEREST EXPENSE. NO ACCRUED INTEREST OR PENALTIES WERE RECOGNIZED ON THE STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES AND CHANGES IN UNRESTRICTED NET ASSETS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2012. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO THE YEAR ENDED DECEMBER 31, 2009. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 0 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 1 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/LeaseholdImprovements/BookValue | 0 | 13994 |
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2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
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