SPEDCO
3900 NORTHWOODS DRIVE NO 225, ARDEN HILLS, MN 55112 www.spedco.com

Total Revenue
$1,528,491
Total Expenses
$1,528,173
Net Assets
$1,278,086

Organizations Filed Purposes: SPEDCO'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.

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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jonathan Sage-MartinsonCHIEF EXECUTIVE OFFICER44$195,184
Andy ClausenASSISTANT TREASURER44$158,531
Scott HoeschenLOAN OFFICER44$111,552
James TerrellDIRECTOR1$0
Kari SchurmannDIRECTOR1$0
Gerard BerenzDIRECTOR1$0
Martin SchieckelDIRECTOR1$0
Joe BauerDIRECTOR1$0
Raoul BootonDIRECTOR1$0
Terri Dooher FlemingDIRECTOR1$0
David VieauDIRECTOR1$0
Paul FloodDIRECTOR1$0
Chet MasseranoDIRECTOR1$0
Wendy EthenDIRECTOR1$0
Sean BolandDIRECTOR1$0
Loren HerbstDIRECTOR1$0
John FritzDIRECTOR1$0
Kim StoreySECRETARY/TREASURER1$0
Joe StranikDIRECTOR1$0
Rick AndersonSECRETARY/TREASURER1$0
Tony DubayDIRECTOR1$0
Jay GikasVICE CHAIR1$0
John EdsonCHAIR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202041819349300744_public.xml