EIN 41-1560462

Community Economic Development Associates

Name: Community Economic Development Associates financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Chatfield

State

Minnesota

Year formed

1986

Most recent tax filings

2023-12-01

NTEE code, primary

S30: Economic Development

Description

Community Economic Development Associates empowers rural areas to control their own economic destinies by serving as a locally governed support team of community and economic development professionals. As experts in capacity building, CEDA provides business and economic development assistance along with rehabilitation grant support to 40 communities and 7 counties. Additionally, the organization coordinates grant and loan applications for local businesses and government infrastructure.

Also known as...

Community and Economic Development Associates; Southeastern Minnesota Development Corporation

Total revenues

$4,658,139

2023

Total expenses

$3,568,837

2023

Total assets

$2,519,831

2023

Num. employees

2023

Program areas at Community Economic Development Associates

The organization provides rehabilitation grant assistance and business and Economic Development assistance to 60 communities and 9 counties. It assisted in applications for grants and loans for local businesses and government infrastructure, and coordinated various cooperative efforts between communities and businesses within Minnesota, Iowa, and Wisconsin.

Who funds Community Economic Development Associates

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Otto Bremer Trust (OBT)	2023-12	General Operations	$50,000
Otto Bremer Trust (OBT)	2023-12	General Operations	$50,000

Personnel at Community Economic Development Associates

Name	Title	Compensation	Date of data
Ron Zeigler	President and Chief Executive Officer	$138,730	2024-01-26
Courtney Bergey	Vice President		2024-01-26
James Hanke	Vice President of Wisconsin		2024-01-26
Robert Harris	Director of Strategic Initiatives		2024-01-26
Allison Wagner	Director of Grants		2024-01-26
...and 1 more key personnel

Financials for Community Economic Development Associates

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$1,175,750	$197,700	494.7%
Program services	$3,424,510	$2,400,837	42.6%
Investment income and dividends	$52,454	$7,868	566.7%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$5,425	$1,504	260.7%
Total revenues	$4,658,139	$2,607,909	78.6%

Form 990s for Community Economic Development Associates

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-11-14	990	View PDF
2022-12	2023-10-31	990	View PDF
2021-12	2022-11-08	990	View PDF
2020-12	2021-11-01	990	View PDF
2019-12	2021-04-02	990	View PDF
...and 10 more Form 990s

Organizations like Community Economic Development Associates

Organization	Type	Location	Revenue
Virginia Tech Transportation Economic Development	501(c)(3)	Blacksburg, VA	$4,508,119
West Central Development Council	501(c)(3)	Carlinville, IL	$1,574,282
Catawba County Economic Development Corporation	501(c)(3)	Hickory, NC	$1,215,852
Greater Sacramento Area Economic Council	501(c)(3)	Sacramento, CA	$2,910,340
Texas Economic Development Corporation	501(c)(3)	Austin, TX	$5,923,992
Greater MSP	501(c)(3)	Saint Paul, MN	$8,008,937
North Louisiana Economic Partnership	501(c)(3)	Shreveport, LA	$2,015,624
New North	501(c)(3)	Green Bay, WI	$1,851,408
Lebanon Valley Economic Development Corporation	501(c)(3)	Lebanon, PA	$1,920,152
San Pablo Economic Development Corporation	501(c)(3)	San Pablo, CA	$2,140,981

Data update history

November 23, 2024

Received grants

Identified 2 new grant, including a grant for $50,000 from Otto Bremer Trust (OBT)

January 26, 2024

Updated personnel

Identified 6 new personnel

January 10, 2024

Posted financials

Added Form 990 for fiscal year 2022

September 27, 2023

Received grants

Identified 1 new grant, including a grant for $145,000 from Otto Bremer Trust (OBT)

August 6, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

State / local levelTax deductible donationsAccepts online donations

General information

Address: PO Box 483-1500 S Hwy 52; Chatfield, MN 55923
Metro area: Rochester, MN
County: Fillmore County, MN
Website URL: cedausa.com/
Phone: (507) 867-3164

IRS details

EIN: 41-1560462
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1986
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S30: Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Community Economic Development Associates

Program areas at Community Economic Development Associates

Who funds Community Economic Development Associates

Personnel at Community Economic Development Associates

Financials for Community Economic Development Associates

Form 990s for Community Economic Development Associates

Organizations like Community Economic Development Associates

Nonprofits

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