MINNESOTA BUSINESS FINANCE CORPORATION
616 ROOSEVELT RD NO 200, ST CLOUD, MN 56301 www.mbfc.org

Total Revenue
$2,943,295
Total Expenses
$2,737,613
Net Assets
$3,476,508

Organizations Filed Purposes: TO PROMOTE SMALL BUSINESS & JOBS

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.

Executives Listed on Filing

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

NameTitleHours Per WeekTotal Salary
Thomas SaehrPRESIDENT40$234,450
Nadine KruseSENIOR VICE PRESIDENT40$200,572
Michelle MuellerVICE PRESIDENT BUSINESS DE40$132,096
Joseph KammermeierVICE PRESIDENT BUSINESS DE40$124,227
Terry SteinVICE PRESIDENT BUSINESS DE40$120,859
Michael StearnsVICE PRESIDENT BUSINESS DE40$114,557
Jason MurrayCHAIRPERSON1$7,200
Marty MixellSECRETARY1$4,800
Maurice DurheimVICE CHAIR1$4,800
Dusten JohnsonTREASURER1$4,800
Gordon WinzenburgBOARD MEMBER1$3,600
James VrchotaBOARD MEMBER1$3,600
Carol AndersonBOARD MEMBER1$3,600
Dale UmlaufBOARD MEMBER1$3,600
John HergesBOARD MEMBER1$3,600
Bob PalmquistBOARD MEMBER1$3,300

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202120579349300102_public.xml