Compensation 990

Central Minnesota Development Company

Fiscal year ending 2024. Filed on February 17, 2025.

1885 Station Parkway NW
Andover, Minnesota 55304

Central Minnesota Development Company (EIN: 41-1345544) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Central Minnesota Development Company, a 501(c)(6) business league, reported compensation for 1 out of 9 total employees. Among the employees shown here, the average compensation is $164,107. The highest compensated employee at Central Minnesota Development Company is Tim Walker with fiscal year 2024 compensation of $164,107.

Revenue, expenses, and employee compensation

Revenue

$1,271,694

Expenses

$1,148,535

Employee compensation

$873,099
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Non-Employee Board Members

Chris Randall
Chair
Christine Costello
Director
Clark Arneson
Director
David Rymanowski
Vice Chair
Erik Hegg
Director
Joe Peterson
Treasurer
Julie Lux
Secretary
Kraig Kliber
Director
Larry Crane
Director
Marty Fisher
Director
Maureen Steinwall
Director
Perry Rassler
Director

Mission Statement

CMDC IS COMMITTED TO PROMOTING ECONOMIC DEVELOPMENT BY CULTIVATING A FINANCING ENVIRONMENT THAT ALLOWS MINNESOTA SMALL BUSINESSES TO GROW AND PROSPER.

Revisions to this organization profile

February 17, 2025:
2024 Central Minnesota Development Company 990 filed
February 16, 2024:
2023 Central Minnesota Development Company 990 filed
February 1, 2023:
2022 Central Minnesota Development Company 990 filed

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