NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC
200 1ST STREET NE NO 2, STAPLES, MN 56479 www.northcentraleda.org

Total Revenue
$270,825
Total Expenses
$129,790
Net Assets
$1,708,945

Organizations Filed Purposes: TO PROVIDE ASSISTANCE TO CULTIVATE NEW SKILLS AND RESOURCES THAT UNITE COMMUNITIES AND CONTRIBUTE TO A PROSPEROUS ECONOMY.

A KEY PIECE IN THE ECONOMIC DEVELOPMENT PUZZLE IS BUSINESS FINANCING MINNESOTA BUSINESS LOAN FUNDS. NCEDA OFFERS GAP FINANCING FOR FIXED ASSETS AND WORKING CAPITAL FOR NEW AND EXPANDING BUSINESSES IN CASS, CROW WING, MORRISON, TODD, AND WADENA COUNTIES.

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 EXPAND BUSINESSES THROUGHOUT THE STATE. DEED ALSO HAS PROVIDED FUNDS FOR SMALL BUSINESS EMERGENCY LOANS (SBEL) TO HELP SMALL BUSINESSES THROUGH THE PANDEMIC.

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.

Executives Listed on Filing

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

NameTitleHours Per WeekTotal Salary
Dan FrankALTERNATE0.5$370
Maurice DurheimCHAIR0.5$370
Steve GertkenSECRETARY0.5$295
Greg ZylkaVICE CHAIR0.5$245
Steve HansenDIRECTOR0.5$235
Virginia KnudsonBOARD MEMBER0.5$70
Bob VossSTAFF REP0.5$0
Frank LambBOARD MEMBER0.5$0
Nancy HoffmanBOARD MEMBER0.5$0
Carrie ReiersonBOARD MEMBER0.5$0
Corey PettitBOARD MEMBER0.5$0
Chuck HorsagerBOARD MEMBER0.5$0
Katie HeppnerBOARD MEMBER0.5$0
Sandra VoigtBOARD MEMBER0.5$0
Mike WordenBOARD MEMBER0.5$0
Bill PalmerBOARD MEMBER0.5$0
Jason SellnowBOARD MEMBER0.5$0
Scott WatlandDIRECTOR0.5$0
Dan BullertRMAP VICE PRESIDENT0.5$0
Rick UtechRMAP PRESIDENT0.5$0
Lisa Graba-MeechTREASURER0.5$0
Thomas LilleheiR5 LIAISON0.5$0
Cheryal HillsEXECUTIVE DIRECTOR40$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202140419349300839_public.xml