Program areas at North Central Economic Development Association
Region five Development commission received a $1.6 million eda cares act recovery assistance grant to capitalize and administer revolving loan funds that will provide gap financing to small businesses and entrepreneurs adversely affected by the coronavirus pandemic in crow wing, cass, morrison, todd, and wadena counties.
Usda backed funding with business assistance for start-up/expansion in ten counties in Central Minnesota - cass, crow wing, chisago, isanti, kanabec, mille lacs, morrison, pine, todd and wadena. Funding offered in partnership with east Central regional Development commission. Funding in smaller amounts, no bank participation required.
Mn department of employment & Economic Development (deed) provides funds to a network of non-profit lenders which use these funds for loans to start-up and expanding businesses throughout the state. Deed also has provided funds for small business emergency loans (sbel) to help small businesses through the pandemic.
Who funds North Central Economic Development Association
Grants from foundations and other nonprofits
Personnel at North Central Economic Development Association
| Name | Title | Compensation | Date of data |
|---|
| Cheryal Hills | Executive Director | $0 | 2024-02-02 |
| Steve Gertken | Secretary | $270 | 2023-06-30 |
| Steven Hansen | Vice Chair | $400 | 2023-06-30 |
| Greg Zylka | Chair | $500 | 2023-06-30 |
| Lisa Graba-Meech | Treasurer | $35 | 2023-06-30 |
| ...and 7 more key personnel |
Financials for North Central Economic Development Association
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $6,425 | $15,807 | -59.4% |
| Program services | $98,065 | $135,636 | -27.7% |
| Investment income and dividends | $2,781 | $1,485 | 87.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $107,271 | $152,928 | -29.9% |
Organizations like North Central Economic Development Association
| Organization | Type | Location | Revenue |
|---|
| NECOG Development Corporation | 501(c)(3) | Aberdeen, SD | $372,735 |
| Economic Development Catalyst Organization | 501(c)(3) | Austin, TX | $414,252 |
| 5thT Innovation Group | 501(c)(3) | Conway, SC | $38,761 |
| Rolla Regional Economic Commission | 501(c)(3) | Rolla, MO | $119,141 |
| San Diego Regional Economic Development Foundation | 501(c)(3) | San Diego, CA | $259,500 |
| Opportunity South Carolina | 501(c)(3) | Greenville, SC | $202,660 |
| California Academy for Economic Development | 501(c)(3) | Sacramento, CA | $388,991 |
| Delaware County Local Development Corporation | 501(c)(3) | Delhi, NY | $508,965 |
| Greenville Revitalization Corporation | 501(c)(3) | Greenville, SC | $181,216 |
| Champion Community Investments | 501(c)(3) | Du Quoin, IL | $157,830 |
Data update history
June 18, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 1 new personnel
June 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
- Address
- 200 1st St Ne 2
- Staples, MN 56479
- County
- Todd County, MN
- Website URL
- northcentraleda.org/Â
- Phone
- (218) 894-3233
IRS details
- EIN
- 36-3458720
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1986
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Central organization
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