MINNESOTA BUSINESS FINANCE CORPORATION
Data sourced from IRS 990 public filings
MINNESOTA BUSINESS FINANCE CORPORATION TO PROMOTE SMALL BUSINESS & JOBS
Local (City/County Level)
Low-Income/Economically Disadvantaged
Workforce & Economic Opportunity
Direct Service Delivery
Education & Awareness
Community & Economic Development
Annual Revenue
$4,303,425
Known Funders
2
Grants Received
3
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $4,303,425 | $3,545,186 | $7,238,812 |
| 2022 | $4,245,343 | $3,921,562 | $6,667,308 |
| 2021 | $3,673,437 | $3,536,673 | $6,710,385 |
| 2020 | $3,041,380 | $3,016,973 | $4,905,481 |
| 2019 | $2,943,295 | $2,737,613 | $4,318,975 |
| 2018 | $2,826,328 | $2,673,673 | $4,165,762 |
| 2017 | $2,577,392 | $2,556,590 | $4,069,597 |
| 2016 | $2,579,720 | $2,476,452 | $4,117,365 |
Top Funders
BCBSM Foundation Inc
St Paul, MN
$100,000 (2024)
BCBSM Foundation Inc
St Paul, MN
$80,000 (2023)
MORGAN FAMILY FOUNDATION
YELLOW SPRINGS, OH
$1,000 (2021)
Key Personnel
From 2023 IRS 990 filing
M
MATTHEW DOROTHY
BOARD MEMBER
C
CHAD SYLTIE
BOARD MEMBER
M
MARK SCHIK
BOARD MEMBER
D
DAN NYGAARD
BOARD MEMBER
N
NANCY HOFFMAN
BOARD MEMBER
J
JAMES VRCHOTA
BOARD MEMBER
J
JENNIFER FITZPATRICK
VICE PRESIDENT, LOAN PORTF
Officer
C
CAROL ANDERSON
VICE CHAIR
Officer
B
BOB PALMQUIST
TREASURER
Officer
S
SARAH BORGMAN
CHIEF CREDIT OFFICER
Officer
Showing 10 of 35 key personnel.
Frequently Asked Questions
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