EIN 41-1493486

Prairieland Economic Development Corporation

Name: Prairieland Economic Development Corporation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

Slayton

State

Minnesota

Year formed

1983

Most recent tax filings

2022-09-01

NTEE code, primary

S43: Management Services for Small Business, Entrepreneurs

Notice

This nonprofit is terminated or no longer active

Prairieland Economic Development Corporation may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.

Description

Prairieland Economic Development Corporation is a non-profit organization that assists businesses in expanding and growing, while promoting the improvement of community services and ownership opportunities. Its primary purpose is to serve as a certified Development company (CDC) under the Small Business Investment Act of 1958 to aid small businesses financially.

Total revenues

$493,241

2022

Total expenses

$456,398

2022

Total assets

2022

Num. employees

2022

Program areas at Prairieland Economic Development Corporation

The primary purpose of the organization is to serve as a certified Development company (cdc) pursuant to section 503 and 504 of title v of the small business investment act of 1958 as amended. Cdc is a private non-profit corporation whose purpose is to contribute to the Economic Development of its area of operation.

Personnel at Prairieland Economic Development Corporation

Name	Title	Compensation	Date of data
Ann Peterson	President and Chief Executive Officer	$32,982	2022-09-30
Thomas Saehr	President and Chief Executive Officer of MBFC		2023-05-30
Sherri Schueller	Immediate Past Chair	$0	2022-09-30
Renae Shields	Secretary and Treasurer	$0	2022-09-30
Dion Warne	Director	$0	2022-09-30
...and 2 more key personnel

Financials for Prairieland Economic Development Corporation

Revenues	FYE 09/2022	FYE 09/2021	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$490,834	$772,855	-36.5%
Investment income and dividends	$2,407	$939	156.3%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$15,270	-100%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$493,241	$789,064	-37.5%

Form 990s for Prairieland Economic Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2021-09	2022-01-19	990	View PDF
2020-09	2021-04-06	990	View PDF
2019-09	2020-08-10	990	View PDF
2018-09	2019-05-14	990	View PDF
2016-09	2017-03-07	990	View PDF
...and 6 more Form 990s

Organizations like Prairieland Economic Development Corporation

Organization	Type	Location	Revenue
Increase Community Development Corporation	501(c)(3)	Columbus, OH	$178,185
La Fuerza Unida Community Development Corporation	501(c)(3)	East Norwich, NY	$428,541
Santa Fe Business Incubator	501(c)(3)	Santa Fe, NM	$835,898
Todd County Development Corporation	501(c)(3)	Long Prairie MN, MN	$125,446
Lindenpointe Development Corporation	501(c)(3)	Hermitage, PA	$245,195
Sunshine State Economic Development Corporation	501(c)(3)	Clearwater, FL	$1,695,679
Jefferson Economic Development Institute	501(c)(3)	Mount Shasta, CA	$798,620
So Cal Corporate Growth Partners	501(c)(3)	San Dimas, CA	$698,085
Small Business Assistance Corporation	501(c)(3)	Savannah, GA	$1,539,306
Apple Community Development Corporation	501(c)(3)	Arlington, TX	$718,005

Data update history

July 22, 2023

Updated personnel

Identified 1 new personnel

July 22, 2023

Used new vendors

Identified 1 new vendor, including

August 17, 2022

Posted financials

Added Form 990 for fiscal year 2021

August 9, 2022

Posted financials

Added Form 990 for fiscal year 2020

August 4, 2022

Updated personnel

Identified 1 new personnel

Nonprofit Types

Public sector nonprofitsBusiness and community development organizations

Issues

Economic developmentBusiness and industry

Characteristics

Management and technical assistanceCommunity engagement / volunteeringTerminated

General information

Address: 1 Prairie Dr; Slayton, MN 56172
County: Murray County, MN
Website URL: mbfc.org/
Phone: (507) 836-6656

IRS details

EIN: 41-1493486
Fiscal year end: September
Taxreturn type: Form 990
Year formed: 1983
Eligible to receive tax-deductible contributions (Pub 78): No

Categorization

NTEE code, primary: S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Prairieland Economic Development Corporation

Program areas at Prairieland Economic Development Corporation

Personnel at Prairieland Economic Development Corporation

Financials for Prairieland Economic Development Corporation

Form 990s for Prairieland Economic Development Corporation

Organizations like Prairieland Economic Development Corporation

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