Minnesota · Nonprofit
NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC
NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC (Minnesota) receives grants from 3 organizations whose IRS filings report $216,450 to it, the largest being SAINT PAUL & MINNESOTA FOUNDATION ($100,000). 1 of them have funded it in more than one year.
- Revenue FY2025
- $43k
- Funders on record
- 3
- Grants received
- $216k
- Net assets
- $1.8M
What North Central Economic Development Association Inc does
Mission
Our mission is to provide assistance to cultivate new skills and resources that unite communities and contribute to a prosperous economy.
As stated on its FY2025 Form 990.
Programs
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.
$60,639 spent$102,068 earned by the program100% of program spendingMn 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.
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.
The 3 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $60,639.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $2.0M to $3.5M (+76%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 59% · 2018 17% · 2019 21% · 2020 80% · 2021 15% · 2022 10% · 2023 6% · 2024 0%. Grants only. Government contracts and fees sit inside program revenue.
0% of NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (77% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
The chief executive listed changed between the FY2024 and FY2025 filings.
Who funds it, year by year
2021 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $150k → $15k.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 46% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC leans on a few funders — its largest provides 46% of grant income and the top three 100%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
77% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC.
Largest funder’s share by year: 2021 67% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $100k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC holds deeper cash reserves than three-quarters of the 6,328 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 6,328 community improvement nonprofits under $100k, FY2025
Government funding NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $189k on record.
- Department of Agriculture$189k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
54% of spending goes to programs.
Governance
Public support
80%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Region Five Development Commission · exempt
Screen this organization
A dated, signed PDF of the compliance screen for NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC?
- NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC (Minnesota) receives grants from 3 organizations whose IRS filings report $216,450 to it, the largest being SAINT PAUL & MINNESOTA FOUNDATION ($100,000). 1 of them have funded it in more than one year.
- How many funders does NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC have?
- IRS filings report 3 organizations giving $216,450 in grants to NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC, 1 of which have funded it in more than one year.
- Who is the largest funder of NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC?
- SAINT PAUL & MINNESOTA FOUNDATION is the largest funder on record, with $100,000 in grants. The full list of funders is on this page.
- How can an organization like NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds North Central Economic Development Association →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing