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Organizations Northeast Entrepreneur Fund Inc.

Northeast Entrepreneur Fund Inc.

Fiscal year ending 2024. Filed on October 2, 2025.

202 West Superior Street 311
Duluth, Minnesota 55802

Northeast Entrepreneur Fund Inc. (EIN: 36-3566632), also known as Entrepreneur Fund, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Northeast Entrepreneur Fund Inc., a 501(c)(3) charitable organization, reported compensation for 6 out of 49 total employees. Among the employees shown here, the average compensation is $166,774. The highest compensated employee at Northeast Entrepreneur Fund Inc. is Shawn Wellnitz with fiscal year 2024 compensation of $263,540.

Revenue, expenses, and employee compensation

Revenue

$20,597,228

Expenses

$13,593,307

Employee compensation

$4,210,259
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Shawn Wellnitz
President and Chief Executive Officer
$263,540
$251,274 No related comp$12,266
Michael Lattery
Director of Business Finance
$177,855
$156,431 No related comp$21,424
Kurt Thompson
Chief Operating Officer
$174,854
$154,212 No related comp$20,642
Zachary Hoy
Credit Manager
$136,942
$114,634 No related comp$22,308
Carla Tichy
Director of Accounting and Compliance
$132,062
$109,668 No related comp$22,394
Robert Sjostrand Jr
Business Services Director
$115,388
$108,048 No related comp$7,340

Benchmark Employee Compensation

Non-Employee Board Members

Arik Forsman
Vice Chair
Crystal Rohde
Chair
David Manion
Director
Diane Weber
Director
Dustin Goslin
Director (Thru 8/31)
Elizabeth Chapman
Director
Jake Robinson
Director
Jim Zastrow
Treasurer
Julie Padilla
Director (Thru 8/31)
Megan Erickson Kellin
Director
Tabitha Beiber
Treasurer (Thru 8/31)

Mission Statement

THE MISSION OF ENTREPRENEUR FUND IS TO ADVANCE COMMUNITY ECONOMIC DEVELOPMENT IN RURAL AND UNDERSERVED COMMUNITIES. WE WORK TO ACHIEVE THIS BY ACTIVELY PARTNERING WITH ENTREPRENEURS TO STIMULATE THE GROWTH OF SUCCESSFUL BUSINESSES. OUR VISION IS TO HAVE VIBRANT COMMUNITIES AND A DIVERSE REGIONAL ECONOMY THAT IS CREATED AND SUSTAINED BY ENTREPRENEURS.

Revisions to this organization profile

October 2, 2025:
2024 Northeast Entrepreneur Fund Inc. 990 filed
September 30, 2024:
2023 Northeast Entrepreneur Fund Inc. 990 filed
November 7, 2023:
2022 Northeast Entrepreneur Fund Inc. 990 filed

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