Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
990 • Fiscal year 2019 • EIN 41-1577185
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
Liabilities / Revenue
59th percentile
Higher debt load relative to revenue than 59% of similar nonprofits.
Net Margin
33rd percentile
Higher net margin than 33% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 16.1% of source-year revenue.
Asset Growth
57th percentile
Faster asset growth than 57% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
Assets
Up$1,554,173
Up $73,753 (+5.0%) from 2018
Net Assets
Up$1,278,086
Up $318 (+0.0%) from 2018
Liabilities
Up$276,087
Up $73,435 (+36%) from 2018
Revenue
Up$1,528,491
Up $42,549 (+2.9%) from 2018
Expenses
Down$1,528,173
Down $72,614 (-4.5%) from 2018
Net Income
Up$318
Up $115,163 (+100%) from 2018
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. Spedco furthers the economic development of the state of minnesota and the adjoining economic development area by assisting the growth of small businesses and therby contributing to the economic well-being of the area. The corporation is certified as a certified development company by the u.s. Small business administration.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $1,123,570 | $961,178 | ▼ $162,392 |
| Cash and Non-Interest-Bearing Accounts | $83,521 | $275,469 | ▲ $191,948 |
| Accounts Receivable | $86,807 | $107,335 | ▲ $20,528 |
| Prepaid Expenses and Deferred Charges | $12,414 | $40,213 | ▲ $27,799 |
| Land, Buildings, and Equipment, Net | $27,391 | $27,220 | ▼ $171 |
| Total Assets | $1,480,420 | $1,554,173 | ▲ $73,753 |
| Other Assets Total | $146,717 | $142,758 | ▼ $3,959 |
| Liabilities | |||
| Other Liabilities | $111,186 | $204,520 | ▲ $93,334 |
| Accounts Payable and Accrued Expenses | $91,466 | $71,567 | ▼ $19,899 |
| Total Liabilities | $202,652 | $276,087 | ▲ $73,435 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,277,768 | $1,278,086 | ▲ $318 |
| Total Net Assets Fund Balance | $1,277,768 | $1,278,086 | ▲ $318 |
| Total Liabilities and Net Assets / Fund Balance | $1,480,420 | $1,554,173 | ▲ $73,753 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $27,220 | $81,756 | $108,976 |
| Other Assets Org | $72,434 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jonathan Sage-martinson | Chief Executive Officer | FT | $185,184 | $61,509 | $246,693 |
| Andy Clausen | Assistant Treasurer | FT | $142,241 | $34,033 | $176,274 |
| Scott Hoeschen | Loan Officer | FT | $111,552 | $6,614 | $118,166 |
| Name | Title |
|---|---|
| John Edson | Chair |
| Jay Gikas | Vice Chair |
| Chet Masserano | Director |
| David Vieau | Director |
| Gerard Berenz | Director |
| James Terrell | Director |
| Joe Bauer | Director |
| Joe Stranik | Director |
| John Fritz | Director |
| Kari Schurmann | Director |
| Loren Herbst | Director |
| Martin Schieckel | Director |
| Paul Flood | Director |
| Raoul Booton | Director |
| Sean Boland | Director |
| Terri Dooher Fleming | Director |
| Tony Dubay | Director |
| Wendy Ethen | Director |
| Kim Storey | Secretary/treasurer |
| Rick Anderson | Secretary/treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,375,789 |
| Salaries, Compensation, and Employee Benefits | $103,649 |
| Grants and Similar Amounts Paid | $48,735 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $94,350 | - | - | $94,350 |
| Occupancy | $84,843 | $5,416 | - | $90,259 |
| Grants to Domestic Orgs | $48,735 | - | - | $48,735 |
| Fees for Services Accounting | - | $29,620 | - | $29,620 |
| Conferences and Meetings | $28,382 | - | - | $28,382 |
| Office Expenses | $21,524 | $1,872 | - | $23,396 |
| Insurance | $13,432 | $8,955 | - | $22,387 |
| Advertising | $22,299 | - | - | $22,299 |
| Travel | $18,738 | - | - | $18,738 |
| Fees for Services Legal | $9,750 | $6,801 | - | $16,551 |
| All Other Expenses | $14,322 | $1,815 | - | $16,137 |
| Other Expenses | $10,392 | $904 | - | $11,296 |
| Depreciation Depletion | $8,924 | $570 | - | $9,494 |
| Payroll Taxes | $7,366 | - | - | $7,366 |
| Pension Plan Contributions | $1,933 | - | - | $1,933 |
| Total Functional Expenses | $1,355,401 | $172,772 | $0 | $1,528,173 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,528,515 |
| Expenses per Audited Statements | $1,528,173 |
| Total Expenses per Form 990 | $1,528,173 |
| Expenses Not Reported on Form 990 | $342 |
| 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. | $47,500 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Accrued Personnel Costs | $128,396 |
| Deferred Compensation | $44,719 |
| Client Deposits | $28,500 |
| Deferred Rent | $2,905 |
“Gerard berenz and kari schurmann are both officers of old national. Their separate banks (klein and anchor) were acquired by old national bank in 2018. At the beginning of 2019, both were on the spedco board and both were officers of old national bank. Gerard stepped down in march 2019.”
“Significant changes to governing documents: -the board of directors size will be 15. -board of director term limits are limited to three terms of three years. The board of directors have the ability to return after one year away. -the board of directors will annually appoint the nominating and audit committee. -the executive committee can now be delegated power from the board of directors. -the quorum remains 50% of board members, but there is a new minimum of 4 directors. -the executive committee will include the chair, vice chair, secretary/treasurer, assistant secretary, and 1 or 2 other board members.”
“The completed form 990 is reviewed and approved by the full board of directors prior to filing.”
“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 -342.”
“LOSS ON DISPOSAL 342.”
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 | 91466 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 71567 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 86807 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 107335 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THIS CORPORATION ELECTS TO BE GOVERNED UNDER THE PROVISIONS OF MINNESOTA STATUTES CHAPTER 317A. SPEDCO FURTHERS THE ECONOMIC DEVELOPMENT OF THE STATE OF MINNESOTA AND THE ADJOINING ECONOMIC DEVELOPMENT AREA BY ASSISTING THE GROWTH OF SMALL BUSINESSES AND THERBY CONTRIBUTING TO THE ECONOMIC WELL-BEING OF THE AREA. THE CORPORATION IS CERTIFIED AS A CERTIFIED DEVELOPMENT COMPANY BY THE U.S. SMALL BUSINESS ADMINISTRATION. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 22299 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 22299 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1815 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 14322 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 16137 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | JONATHAN SAGE-MARTINSON |
| 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/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 83521 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 275469 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 1 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 94350 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 94350 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 28382 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 28382 |
| 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 | 48735 |
| IRS990/CYInvestmentIncomeAmt | 0 | 10856 |
| IRS990/CYOtherExpensesAmt | 0 | 1375789 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1517635 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 318 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 103649 |
| IRS990/CYTotalExpensesAmt | 0 | 1528173 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1528491 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 570 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 8924 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 9494 |
| IRS990/Desc | 0 | SPEDCO 504 PROGRAM INCLUDES 503/504 LOANS FOR THE PURPOSE OF FURTHERING THE ECONOMIC DEVELOPMENT FOR THE STATE OF MINNESOTA. APPROXIMATELY 43 LOANS WERE CLOSED IN 2019. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 1 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1355401 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 29620 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 29620 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 6801 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 9750 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 16551 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 44.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| 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 | 44.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 22 | 44.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| 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/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 51509 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| 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 | 17743 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 22 | 6614 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JONATHAN SAGE-MARTINSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JOHN EDSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JAY GIKAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | TONY DUBAY |
| 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 | LOREN HERBST |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | SEAN BOLAND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | WENDY ETHEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | CHET MASSERANO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | PAUL FLOOD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | DAVID VIEAU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | TERRI DOOHER FLEMING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | RAOUL BOOTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | JOE BAUER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | MARTIN SCHIECKEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | GERARD BERENZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | KARI SCHURMANN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | JAMES TERRELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | ANDY CLAUSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 22 | SCOTT HOESCHEN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 195184 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| 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 | 158531 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 22 | 111552 |
| 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/TitleTxt | 0 | CHIEF EXECUTIVE OFFICER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY/TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | SECRETARY/TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | 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 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | ASSISTANT TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | LOAN OFFICER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| 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 | -342 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 18 |
| IRS990/GrantAmt | 0 | 48735 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 48735 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 48735 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1528833 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 17 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 8955 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 13432 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 22387 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 11198 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 11198 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 7 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 81756 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 27391 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 27220 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 108976 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 342 |
| 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'S MISSION IS TO PROVIDE INNOVATIVE FINANCING RESOURCES THAT FOSTER BUSINESS GROWTH. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1277768 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1278086 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -342 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -342 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1277768 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1278086 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 5416 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 84843 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 90259 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1872 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 21524 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 23396 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 146717 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 142758 |
| 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 | 113729 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 3090 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 904 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 873293 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 85764 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 11354 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 10392 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 987022 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 88854 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 11354 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 11296 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 111186 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 204520 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 7366 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 7366 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 1933 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 1933 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 12414 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 40213 |
| IRS990/PrincipalOfficerNm | 0 | JONATHAN SAGE-MARTINSON |
| 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 | LATE FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | CLOSING FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 958385 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 372799 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 152141 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 16924 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 9336 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 958385 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 372799 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 152141 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 16924 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 9336 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 102050 |
| IRS990/PYInvestmentIncomeAmt | 0 | 6642 |
| IRS990/PYOtherExpensesAmt | 0 | 1412667 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1479300 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -114845 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 86070 |
| IRS990/PYTotalExpensesAmt | 0 | 1600787 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1485942 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 318 |
| 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 | 1517635 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 1123570 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 961178 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 27220 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 81756 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 108976 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 342 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1528173 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 41824 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 28500 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 72434 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | COSTS ON LOAN CONTRACTS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | DESIGNATED RESERVE FUNDS |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.