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EIN 41-1846655

Minnesota Business Finance Corporation

IRS 501(c) type
501(c)(3)
Num. employees
20
City
St Cloud
State
Minnesota
Year formed
1996
Most recent tax filings
2023-09-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Minnesota Business Finance Corporation fosters small business and job creation in Minnesota by utilizing the zero subsidy, section 504 loan program authorized by title v of the small Business investment act, title 15 u.s.c. Chapter 14b, with support from the U.S. Small Business Administration.
Total revenues
$4,245,343
2023
Total expenses
$3,921,562
2023
Total assets
$6,667,308
2023
Num. employees
20
2023

Program areas at Minnesota Business Finance Corporation

To promote small Business & job creation in minesota through the u.s. small Business administration, zero subsidy, section 504 loan program authorized by title v of the small Business investment act, title 15 u.s.c. Chapter 14b.

Personnel at Minnesota Business Finance Corporation

NameTitleCompensation
Nadene KruizePresident and Chief Executive Officer$265,474
Thomas SaehrFormer President and Chief Executive Officer and Board Member$312,815
Tom SaehrPresident and Chief Executive Officer
Joe KammermeierVice President of Business Development
Joseph KammermeierVice President Business de$159,657
...and 12 more key personnel

Financials for Minnesota Business Finance Corporation

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Program services$4,170,655
Investment income and dividends$117,561
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-42,873
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,245,343

Form 990s for Minnesota Business Finance Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-04-03990View PDF
2021-092022-02-08990View PDF
2020-092021-04-13990View PDF
2019-092020-09-03990View PDF
2018-092019-05-14990View PDF
...and 8 more Form 990s

Organizations like Minnesota Business Finance Corporation

OrganizationLocationRevenue
CLIMB FundCharleston, SC$3,082,260
First American Capital CorporationHales Corners, WI$2,568,889
WBDMadison, WI$9,133,880
Small Business Development Corporation of Orange CountySanta Ana, CA$1,788,312
Preferred Lending PartnersDenver, CO$1,342,208
Johnstown Area Regional IndustriesJohnstown, PA$1,565,309
Prosperus Detroit Micro-LendingDetroit, MI$3,302,099
AccessitySan Diego, CA$5,295,637
Chi IshobakDowagiac, MI$1,872,798
Small Business Access PartnersGainesville, GA$1,254,670
Data update history
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 13, 2023
Updated personnel
Identified 1 new personnel
June 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2023
Updated personnel
Identified 2 new personnel
May 31, 2022
Updated personnel
Identified 1 new personnel
Nonprofit Types
Business and community development organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
State / local levelTax deductible donations
General information
Address
616 Roosevelt Rd 200
St Cloud, MN 56301
Metro area
St. Cloud, MN
Website URL
mbfc.org/ 
Phone
(320) 258-5000
IRS details
EIN
41-1846655
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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