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EIN 41-1345544

Central Minnesota Development Company

IRS 501(c) type
501(c)(6)
Num. employees
9
City
Andover
State
Minnesota
Year formed
1978
Most recent tax filings
2023-09-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Cmdc is committed to promoting economic Development by cultivating a financing environment that allows Minnesota small businesses to grow and prosper. To process and monitor sba loan programs. To process & monitor sba loan programs.
Total revenues
$1,198,809
2023
Total expenses
$967,894
2023
Total assets
$3,077,135
2023
Num. employees
9
2023

Program areas at Central Minnesota Development Company

The organization is a sba certified Development Company organized for the purpose of promoting economic viability within Central Minnesota by cultivating a financing environment that allows small businesses to prosper.

Personnel at Central Minnesota Development Company

NameTitleCompensation
Kevin WeeresVice President
Mike MulrooneyExecutive Director$161,668
Timothy J. WalkerPresident and Executive Director$0
David RymanowskiCMDC Board Vice Chair$0
Julie LuxCMDC Board Secretary$0
...and 2 more key personnel

Financials for Central Minnesota Development Company

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Program services$1,055,723
Investment income and dividends$48,208
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$5,454
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$89,424
Total revenues$1,198,809

Form 990s for Central Minnesota Development Company

Fiscal year endingDate received by IRSFormPDF link
2023-092024-02-16990View PDF
2022-092023-02-01990View PDF
2021-092022-02-11990View PDF
2020-092021-02-11990View PDF
2019-092020-09-17990View PDF
...and 9 more Form 990s
Data update history
May 22, 2024
Updated personnel
Identified 4 new personnel
August 11, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 17, 2022
Posted financials
Added Form 990 for fiscal year 2020
September 23, 2021
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Business and industry
Characteristics
State / local levelManagement and technical assistance
General information
Address
1885 Station Pkwy NW
Andover, MN 55304
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Anoka County, MN
Website URL
cmdcbusinessloans.com/ 
Phone
(763) 784-3337
IRS details
EIN
41-1345544
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1978
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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