Civic Intelligence

Southeastern Minnesota 504 Development Inc

EIN 41-1678990 • 501(c)6 • Rochester, MN

Profile

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

1926 College View Rd SERochester, MN 55904

www.504corporation.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.03x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

96th percentile

47%

Higher net margin than 96% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

92nd percentile

35%

Faster asset growth than 92% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

78%

Faster revenue growth than 95% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$1,958,238

Up $506,803 (+35%) from 2023

Liabilities

Down

$29,011

Down $7,772 (-21%) from 2023

Net Assets

Up

$1,929,227

Up $514,575 (+36%) from 2023

Operations
Liabilities / Revenue25th percentileNet Margin96th percentile

Revenue

Up

$1,092,839

Up $477,787 (+78%) from 2023

Expenses

Up

$578,264

Up $60,850 (+12%) from 2023

Net Income

Up

$514,575

Up $416,937 (+427%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,163,317Liabilities 2010: $86,331Net Assets 2010: $1,076,9862010Assets 2011: $1,077,433Liabilities 2011: $37,394Net Assets 2011: $1,040,0392011Assets 2012: $1,078,197Liabilities 2012: $33,894Net Assets 2012: $1,044,3032012Assets 2013: $990,158Liabilities 2013: $5,841Net Assets 2013: $984,3172013Assets 2014: $962,253Liabilities 2014: $31,251Net Assets 2014: $931,0022014Assets 2015: $953,457Liabilities 2015: $28,242Net Assets 2015: $925,2152015Assets 2016: $924,023Liabilities 2016: $11,092Net Assets 2016: $912,9312016Assets 2017: $988,583Liabilities 2017: $63,410Net Assets 2017: $925,1732017Assets 2018: $940,681Liabilities 2018: $18,406Net Assets 2018: $922,2752018Assets 2019: $1,027,579Liabilities 2019: $66,316Net Assets 2019: $961,2632019Assets 2020: $1,141,843Liabilities 2020: $118,349Net Assets 2020: $1,023,4942020Assets 2021: $1,356,172Liabilities 2021: $150,541Net Assets 2021: $1,205,6312021Assets 2022: $1,378,886Liabilities 2022: $61,872Net Assets 2022: $1,317,0142022Assets 2023: $1,451,435Liabilities 2023: $36,783Net Assets 2023: $1,414,6522023Assets 2024: $1,958,238Liabilities 2024: $29,011Net Assets 2024: $1,929,2272024

Highlighted filing

2024

Assets$1,958,238
Liabilities$29,011
Net Assets$1,929,227
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $408,4632010Expenses 2011: $378,4032011Expenses 2012: $471,2512012Revenue 2013: $353,481Expenses 2013: $413,467Net Income 2013: -$59,9862013Revenue 2014: $373,171Expenses 2014: $426,486Net Income 2014: -$53,3152014Revenue 2015: $416,288Expenses 2015: $422,075Net Income 2015: -$5,7872015Revenue 2016: $378,608Expenses 2016: $390,892Net Income 2016: -$12,2842016Revenue 2017: $486,018Expenses 2017: $473,776Net Income 2017: $12,2422017Revenue 2018: $456,103Expenses 2018: $459,002Net Income 2018: -$2,8992018Revenue 2019: $498,926Expenses 2019: $459,938Net Income 2019: $38,9882019Revenue 2020: $625,589Expenses 2020: $563,358Net Income 2020: $62,2312020Revenue 2021: $776,358Expenses 2021: $594,221Net Income 2021: $182,1372021Revenue 2022: $649,867Expenses 2022: $538,484Net Income 2022: $111,3832022Revenue 2023: $615,052Expenses 2023: $517,414Net Income 2023: $97,6382023Revenue 2024: $1,092,839Expenses 2024: $578,264Net Income 2024: $514,5752024

Highlighted filing

2024

Revenue$1,092,839
Expenses$578,264
Net Income$514,575
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,958,238
Liabilities
$29,011
Net assets
$1,929,227
Revenue
$1,092,839
Expenses
$578,264
Net income
$514,575
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.96$0.03$1.93$1.09$0.58$0.51
2023Detailed filing. Detailed filing data is available for this year.$1.45$0.04$1.41$0.62$0.52$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.38$0.06$1.32$0.65$0.54$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.15$1.21$0.78$0.59$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.12$1.02$0.63$0.56$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.07$0.96$0.50$0.46$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.02$0.92$0.46$0.46$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.99$0.06$0.93$0.49$0.47$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.01$0.91$0.38$0.39$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.95$0.03$0.93$0.42$0.42$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.03$0.93$0.37$0.43$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.99$0.01$0.98$0.35$0.41$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.03$1.04$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.04$1.04$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.09$1.08$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.0
Gross Receipts
$1,092,839
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,009,583$1,402,557▲ $392,974
Cash and Non-Interest-Bearing Accounts$269,420$492,624▲ $223,204
Other Notes and Loans Receivable, Net$83,205$36,105▼ $47,100
Accounts Receivable$81,081$16,980▼ $64,101
Prepaid Expenses and Deferred Charges$7,740$5,215▼ $2,525
Land, Buildings, and Equipment, Net$406$4,757▲ $4,351
Total Assets$1,451,435$1,958,238▲ $506,803
Liabilities
Accounts Payable and Accrued Expenses$36,783$29,011▼ $7,772
Total Liabilities$36,783$29,011▼ $7,772
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,414,652$1,929,227▲ $514,575
Total Net Assets Fund Balance$1,414,652$1,929,227▲ $514,575
Total Liabilities and Net Assets / Fund Balance$1,451,435$1,958,238▲ $506,803

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,757$24,446$29,203
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dwayne LeeDirector ofFT$153,000$5,940$158,940
Dwayne LeeDirector of Business-$153,000$5,940$158,940

Board Members and Trustees

NameTitle
Daniel VlasakPresident
Chad AndersonDirector
Desiree StromDirector
Diane LewisDirector
Gary TimmDirector
Kyle BenishDirector
Mark MonsonDirector
Ron ZieglerDirector
Tim ClawsonDirector
Wendell SandeDirector
Richard WegnerSecretary
Aaron CastertonTreasurer
Luann VanderwerfVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$960,125
Investment Income
$132,714
Other Revenue
$0
Change in Net Assets
$514,575

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,092,839
Total Revenue per Audited Statements
$1,092,839
Total Revenue per Form 990
$1,092,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$439,281
Other Expenses$138,983
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$180,688$20,077-$200,765
Current Officers, Directors, Trustees, and Key Employees$178,199$19,800-$197,999
Office Expenses$30,474$3,386-$33,860
Payroll Taxes$25,834$2,870-$28,704
Fees for Services Accounting$165$16,335-$16,500
Travel$14,936--$14,936
Insurance$7,245$7,245-$14,490
Fees for Services Other$12,487--$12,487
Pension Plan Contributions$10,632$1,181-$11,813
Advertising$11,698--$11,698
Conferences and Meetings$9,325--$9,325
Fees for Services Legal$6,430--$6,430
Occupancy$4,564--$4,564
Depreciation Depletion$162$162-$324
Other Expenses$213$161-$213
Total Functional Expenses$497,635$80,629$0$578,264

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$578,264
Total Expenses per Audited Statements$578,264
Total Expenses per Form 990$578,264
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
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, Page 6, Part VI, Line 11B

“The board reviews the form 990 before it is filed.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest disclosures are filled out and reviewed annually.”

Form 990, Page 6, Part VI, Line 15A

“The board reviews and approves compensation for any officers of the organization.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Southeastern Minnesota 504
EIN
41-1678990
Phone
5072886442
Address
1926 COLLEGE VIEW RD SE, ROCHESTER, MN 55904

Signing Officer

Name
Dwayne Lee
Title
Director of Business
Phone
5072886442
Signed
2025-11-14

Organization Details

Principal Officer
Daniel Vlasak
Formed
1990
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
3

Preparer

Firm
Jeffrey D Reimer CPA Pllc
Address
2025 17TH ST NE, ROCHESTER, MN 55906
Preparer
Jeffrey D Reimer
Phone
5072529222
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

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

Raw XML Appendix397 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt036783
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt029011
IRS990/AccountsReceivableGrp/BOYAmt081081
IRS990/AccountsReceivableGrp/EOYAmt016980
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ASSIST SMALL BUSINESSES TO SECURE GOVERNMENT FINANCING FOR THE PURCHASE OF LAND, BUILDINGS, AND EQUIPMENT WHICH WILL CREATE AND/OR RETAIN JOBS IN MINNESOTA AND IN WISCONSIN.
IRS990/AdvertisingGrp/ProgramServicesAmt011698
IRS990/AdvertisingGrp/TotalAmt011698
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0DWAYNE LEE
IRS990/BooksInCareOfDetail/PhoneNum05072886442
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01926 COLLEGE VIEW RD SE
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROCHESTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055904
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0269420
IRS990/CashNonInterestBearingGrp/EOYAmt0492624
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt019800
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0178199
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0197999
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt09325
IRS990/ConferencesMeetingsGrp/TotalAmt09325
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0132714
IRS990/CYOtherExpensesAmt0138983
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0960125
IRS990/CYRevenuesLessExpensesAmt0514575
IRS990/CYSalariesCompEmpBnftPaidAmt0439281
IRS990/CYTotalExpensesAmt0578264
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01092839
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0162
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0162
IRS990/DepreciationDepletionGrp/TotalAmt0324
IRS990/Desc0ASSIST SMALL BUSINESSES TO SECURE GOVERNMENT FINANCING FOR THE PURCHASE OF LAND, BUILDINGS, AND EQUIPMENT WHICH WILL CREATE AND/OR RETAIN JOBS IN MINNESOTA AND IN WISCONSIN.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016335
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0165
IRS990/FeesForServicesAccountingGrp/TotalAmt016500
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt06430
IRS990/FeesForServicesLegalGrp/TotalAmt06430
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt012487
IRS990/FeesForServicesOtherGrp/TotalAmt012487
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
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/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
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/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt135940
IRS990/Form990PartVIISectionAGrp/PersonNm0DANIEL VLASAK
IRS990/Form990PartVIISectionAGrp/PersonNm1LUANN VANDERWERF
IRS990/Form990PartVIISectionAGrp/PersonNm2AARON CASTERTON
IRS990/Form990PartVIISectionAGrp/PersonNm3RICHARD WEGNER
IRS990/Form990PartVIISectionAGrp/PersonNm4TIM CLAWSON
IRS990/Form990PartVIISectionAGrp/PersonNm5RON ZIEGLER
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK MONSON
IRS990/Form990PartVIISectionAGrp/PersonNm7DESIREE STROM
IRS990/Form990PartVIISectionAGrp/PersonNm8DIANE LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm9GARY TIMM
IRS990/Form990PartVIISectionAGrp/PersonNm10WENDELL SANDE
IRS990/Form990PartVIISectionAGrp/PersonNm11CHAD ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm12KYLE BENISH
IRS990/Form990PartVIISectionAGrp/PersonNm13DWAYNE LEE
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/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13153000
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/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01092839
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt07245
IRS990/InsuranceGrp/ProgramServicesAmt07245
IRS990/InsuranceGrp/TotalAmt014490
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0132714
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0132714
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt024446
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0406
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04757
IRS990/LandBldgEquipCostOrOtherBssAmt029203
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ASSIST SMALL BUSINESSES TO SECURE GOVERNMENT FINANCING FOR THE PURCHASE OF LAND, BUILDINGS, AND EQUIPMENT WHICH WILL CREATE AND/OR RETAIN JOBS IN MINNESOTA AND IN WISCONSIN.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01414652
IRS990/NetAssetsOrFundBalancesEOYAmt01929227
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01414652
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01929227
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt04564
IRS990/OccupancyGrp/TotalAmt04564
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03386
IRS990/OfficeExpensesGrp/ProgramServicesAmt030474
IRS990/OfficeExpensesGrp/TotalAmt033860
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0BOARD MEMBER EXPENSES
IRS990/OtherExpensesGrp/Desc1OPER EXP REIMBURSEMENTS
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09412
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1161
IRS990/OtherExpensesGrp/ProgramServicesAmt03137
IRS990/OtherExpensesGrp/ProgramServicesAmt11446
IRS990/OtherExpensesGrp/ProgramServicesAmt2213
IRS990/OtherExpensesGrp/TotalAmt012549
IRS990/OtherExpensesGrp/TotalAmt11607
IRS990/OtherExpensesGrp/TotalAmt2213
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020077
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0180688
IRS990/OtherSalariesAndWagesGrp/TotalAmt0200765
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt083205
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt036105
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02870
IRS990/PayrollTaxesGrp/ProgramServicesAmt025834
IRS990/PayrollTaxesGrp/TotalAmt028704
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01181
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010632
IRS990/PensionPlanContributionsGrp/TotalAmt011813
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07740
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05215
IRS990/PrincipalOfficerNm0DANIEL VLASAK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0NEW MARKET TAX CREDIT INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LOAN SERVICING
IRS990/ProgramServiceRevenueGrp/Desc2PROCESSING REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0450000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1444542
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt265583
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0450000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1444542
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt265583
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ASSIST SMALL BUSINESSES TO SECURE GOVERNMENT FINANCING FOR THE PURCHASE OF LAND, BUILDINGS, AND EQUIPMENT WHICH WILL CREATE AND/OR RETAIN JOBS IN MINNESOTA AND IN WISCONSIN.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0118652
IRS990/PYOtherExpensesAmt0138891
IRS990/PYProgramServiceRevenueAmt0496400
IRS990/PYRevenuesLessExpensesAmt097638
IRS990/PYSalariesCompEmpBnftPaidAmt0378523
IRS990/PYTotalExpensesAmt0517414
IRS990/PYTotalRevenueAmt0615052
IRS990/ReconcilationRevenueExpnssAmt0514575
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01009583
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01402557
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt04757
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024446
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029203
IRS990ScheduleD/ExpensesSubtotalAmt0578264
IRS990ScheduleD/RevenueSubtotalAmt01092839
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04757
IRS990ScheduleD/TotalExpensesPerForm990Amt0578264
IRS990ScheduleD/TotalRevenuePerForm990Amt01092839
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01092839
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0578264
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0153000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05940
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DWAYNE LEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR OF BUSINESS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0158940
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSIST SMALL BUSINESSES TO SECURE GOVERNMENT FINANCING FOR THE PURCHASE OF LAND, BUILDINGS, AND EQUIPMENT WHICH WILL CREATE AND/OR RETAIN JOBS IN MINNESOTA AND IN WISCONSIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST DISCLOSURES ARE FILLED OUT AND REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS AND APPROVES COMPENSATION FOR ANY OFFICERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01451435
IRS990/TotalAssetsEOYAmt01958238
IRS990/TotalAssetsGrp/BOYAmt01451435
IRS990/TotalAssetsGrp/EOYAmt01958238
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080629
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0497635
IRS990/TotalFunctionalExpensesGrp/TotalAmt0578264
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036783
IRS990/TotalLiabilitiesEOYAmt029011
IRS990/TotalLiabilitiesGrp/BOYAmt036783
IRS990/TotalLiabilitiesGrp/EOYAmt029011
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01414652
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01929227
IRS990/TotalOtherCompensationAmt05940
IRS990/TotalProgramServiceRevenueAmt0960125
IRS990/TotalReportableCompFromOrgAmt0153000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01092839
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01092839
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01451435
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01958238
IRS990/TravelGrp/ProgramServicesAmt014936
IRS990/TravelGrp/TotalAmt014936
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.504CORPORATION.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DWAYNE LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR OF BUSINESS
ReturnHeader/BusinessOfficerGrp/PhoneNum05072886442
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHEASTERN MINNESOTA 504
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0411678990
ReturnHeader/Filer/PhoneNum05072886442
ReturnHeader/Filer/USAddress/AddressLine1Txt01926 COLLEGE VIEW RD SE
ReturnHeader/Filer/USAddress/CityNm0ROCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055904
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0901075866
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JEFFREY D REIMER CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02025 17TH ST NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055906
ReturnHeader/PreparerPersonGrp/PhoneNum05072529222
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY D REIMER
ReturnHeader/ReturnTs02025-11-17T19:13:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.