Liabilities / Assets
60th percentile
Higher debt load relative to assets than 60% of similar nonprofits.
990 • Fiscal year 2016 • EIN 41-1577185
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
60th percentile
Higher debt load relative to assets than 60% of similar nonprofits.
Liabilities / Revenue
56th percentile
Higher debt load relative to revenue than 56% of similar nonprofits.
Net Margin
28th percentile
Higher net margin than 28% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 17.1% of source-year revenue.
Asset Growth
40th percentile
Faster asset growth than 40% of similar nonprofits.
Revenue Growth
36th percentile
Faster revenue growth than 36% of similar nonprofits.
Assets
Up$1,593,757
Up $44 (+0.0%) from 2015
Net Assets
Down$1,355,930
Down $26,232 (-1.9%) from 2015
Liabilities
Up$237,827
Up $26,276 (+12%) from 2015
Revenue
Down$1,353,733
Down $19,712 (-1.4%) from 2015
Expenses
Up$1,379,965
Up $83,446 (+6.4%) from 2015
Net Income
Down-$26,232
Down $103,158 (-134%) from 2015
The organization's mission is to provide innovative financing resources that foster business growth.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $1,061,770 | $1,065,748 | ▲ $3,978 |
| Cash and Non-Interest-Bearing Accounts | $239,342 | $233,977 | ▼ $5,365 |
| Accounts Receivable | $85,425 | $57,543 | ▼ $27,882 |
| Prepaid Expenses and Deferred Charges | $16,205 | $36,357 | ▲ $20,152 |
| Land, Buildings, and Equipment, Net | $23,874 | $26,506 | ▲ $2,632 |
| Total Assets | $1,593,713 | $1,593,757 | ▲ $44 |
| Other Assets Total | $167,097 | $173,626 | ▲ $6,529 |
| Liabilities | |||
| Other Liabilities | $158,171 | $187,436 | ▲ $29,265 |
| Accounts Payable and Accrued Expenses | $53,380 | $50,391 | ▼ $2,989 |
| Total Liabilities | $211,551 | $237,827 | ▲ $26,276 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $1,382,162 | $1,355,930 | ▼ $26,232 |
| Total Net Assets Fund Balance | $1,382,162 | $1,355,930 | ▼ $26,232 |
| Total Liabilities and Net Assets / Fund Balance | $1,593,713 | $1,593,757 | ▲ $44 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $26,506 | $112,401 | $138,907 |
| Other Assets Org | $70,822 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kristin Wood | Executive Director/asst Secretary | FT | $186,062 | $45,058 | $231,120 |
| Andy Clausen | Sr. Loan Officer/assistant Treasurer | FT | $121,837 | $52,163 | $174,000 |
| Name | Title |
|---|---|
| John Edson | Former President/ Current Director |
| Loren Herbst | President |
| Terri Dooher Fleming | Vice President |
| Bob Lind | Director |
| Chet Masserano | Director |
| David Carlson | Director |
| David Vieau | Director |
| Dion Muchow | Director |
| Jay Gikas | Director |
| Joe Bauer | Director |
| Joe Stranik | Director |
| John Fritz | Director |
| Jon Armour | Director |
| Ken Bezdicek | Director |
| Kim Storey | Director |
| Lorrie Louder | Director |
| Martin Schiekel | Director |
| Nick Jellum | Director |
| Paul Flood | Director |
| Raoul Booton | Director |
| Sean Boland | Director |
| Tony Dubay | Director |
| Wendy Ethen | Director |
| Rick Anderson | Secretary/treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,303,290 |
| Grants and Similar Amounts Paid | $76,675 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $76,358 | $5,747 | - | $82,105 |
| Grants to Domestic Orgs | $76,675 | - | - | $76,675 |
| Fees for Services Accounting | - | $27,030 | - | $27,030 |
| Office Expenses | $20,434 | $3,892 | - | $24,326 |
| Advertising | $23,019 | - | - | $23,019 |
| Conferences and Meetings | $18,729 | - | - | $18,729 |
| All Other Expenses | $17,098 | $1,419 | - | $18,517 |
| Insurance | $10,379 | $6,920 | - | $17,299 |
| Travel | $17,249 | - | - | $17,249 |
| Fees for Services Legal | $14,094 | $1,259 | - | $15,353 |
| Other Expenses | $10,397 | $1,980 | - | $12,377 |
| Depreciation Depletion | $8,969 | $1,574 | - | $10,543 |
| Total Functional Expenses | $1,171,402 | $208,563 | $0 | $1,379,965 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,380,281 |
| Expenses per Audited Statements | $1,379,965 |
| Total Expenses per Form 990 | $1,379,965 |
| Expenses Not Reported on Form 990 | $316 |
| Expenses Not Reported on Financial Statements | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| The St Paul Foundation | St Paul, MN | 501(c)(3) | To Make Philanthropic Grants and Provide Services That Contribute to the Health and Vitality of the Community. | $75,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Accrued Personnel Costs | $119,183 |
| Client Deposits | $63,500 |
| Deferred Rent | $4,753 |
“The completed form 990 is reviewed and approved by the audit committee before filing and provided to the entire board of directors to review at the meeting closest to the date after the form is filed.”
“The executive committee monitors compliance by annually asking to review a signed copy of the conflict of interest disclosure statement signed by each employee and board member.”
“An independent consultant reviewed industry data and the results were presented to a five person compensation committee. That committee's recommendations were reviewed and ratified by the full board.”
“Spedco makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”
“LOSS ON DISPOSAL -316.”
“LOSS ON DISPOSAL 316.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 53380 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 50391 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 85425 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 57543 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 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/AdvertisingGrp/ProgramServicesAmt | 0 | 23019 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 23019 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1419 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 17098 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 18517 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | KRISTIN WOOD |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6516314900 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3900 NORTHWOODS DRIVE SUITE 225 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | ARDEN HILLS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55112 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 239342 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 233977 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 18729 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 18729 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 76675 |
| IRS990/CYInvestmentIncomeAmt | 0 | 5011 |
| IRS990/CYOtherExpensesAmt | 0 | 1303290 |
| IRS990/CYOtherRevenueAmt | 0 | -411 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1349133 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -26232 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 1379965 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1353733 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 1574 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 8969 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 10543 |
| IRS990/Desc | 0 | SPEDCO 504 PROGRAM INCLUDES 503/504 LOANS FOR THE PURPOSE OF FURTHERING THE ECONOMIC DEVELOPMENT FOR THE STATE OF MINNESOTA. APPROXIMATELY 42 LOANS WERE CLOSED IN 2016. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1171402 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 27030 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 27030 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 1259 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 14094 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 15353 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 44.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 44.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 17 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 18 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 19 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 20 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 21 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 22 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 23 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 24 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 25 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 15 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 16 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 17 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 18 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 19 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 20 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 21 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 22 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 23 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 24 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 25 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 13128 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 26954 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 23 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 24 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 25 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DION MUCHOW |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | TONY DUBAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KRISTIN WOOD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ANDY CLAUSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | RICK ANDERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JOE STRANIK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | KIM STOREY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JOHN FRITZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | DAVID CARLSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | LOREN HERBST |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | BOB LIND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | SEAN BOLAND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | JOHN EDSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | WENDY ETHEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | JAY GIKAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | CHET MASSERANO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | PAUL FLOOD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | DAVID VIEAU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | TERRI DOOHER FLEMING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | LORRIE LOUDER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | KEN BEZDICEK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | RAOUL BOOTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 22 | NICK JELLUM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 23 | JOE BAUER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 24 | JON ARMOUR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 25 | MARTIN SCHIEKEL |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 217992 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 147046 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 23 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 24 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 25 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 23 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 24 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 25 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | EXECUTIVE DIRECTOR/ASST SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SR. LOAN OFFICER/ASSISTANT TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY/TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | FORMER PRESIDENT/ CURRENT DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 23 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 24 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 25 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 0 |
| IRS990/FormationYr | 0 | 1981 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -316 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 23 |
| IRS990/GrantAmt | 0 | 76675 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 76675 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 76675 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1354049 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 22 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 6920 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 10379 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 17299 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 5327 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 5327 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 9 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 112401 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 23874 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 26506 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 138907 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 316 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 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/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1382162 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1355930 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -316 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -316 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 5747 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 76358 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 82105 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 3892 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 20434 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 24326 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 167097 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 173626 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | PERSONNEL COSTS |
| IRS990/OtherExpensesGrp/Desc | 1 | GENERAL CONSULTING |
| IRS990/OtherExpensesGrp/Desc | 2 | TRAINING |
| IRS990/OtherExpensesGrp/Desc | 3 | TELEPHONES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 152593 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 6149 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 1980 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 801116 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 47280 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 29605 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 10397 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 953709 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 53429 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 29605 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 12377 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 158171 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 187436 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 522200 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | UNREALIZED GAIN/LOSS O |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | -411 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | -411 |
| IRS990/OtherRevenueTotalAmt | 0 | -411 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 16205 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 36357 |
| IRS990/PrincipalOfficerNm | 0 | KRISTIN WOOD |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522200 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522200 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 522200 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 522200 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 4 | 522200 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SERVICING FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | ORIGINATION FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | FLOAT REVENUE |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | OTHER INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | LATE FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 974641 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 285983 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 74270 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 13401 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 838 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 974641 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 285983 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 74270 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 13401 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 838 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 55600 |
| IRS990/PYInvestmentIncomeAmt | 0 | 3775 |
| IRS990/PYOtherExpensesAmt | 0 | 750805 |
| IRS990/PYOtherRevenueAmt | 0 | -445 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1370115 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 76926 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 490114 |
| IRS990/PYTotalExpensesAmt | 0 | 1296519 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1373445 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -26232 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 1353733 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 1061770 |
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Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
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