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Organizations Small Business Growth Corporation

Small Business Growth Corporation

Fiscal year ending 2024. Filed on July 31, 2025.

2401 West White Oaks Drive
Springfield, Illinois 62704

Small Business Growth Corporation (EIN: 37-1119582) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Small Business Growth Corporation, a 501(c)(6) business league, reported compensation for 14 out of 35 total employees. Among the employees shown here, the average compensation is $235,776. The highest compensated employee at Small Business Growth Corporation is Joel Herscher with fiscal year 2024 compensation of $549,083.

Revenue, expenses, and employee compensation

Revenue

$8,989,595

Expenses

$8,981,334

Employee compensation

$7,305,305
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joel Herscher
Vice President / LOAN of
$549,083
$531,833 No related comp$17,250
Douglas L Kinley
President
$416,750
$400,000 No related comp$16,750
Steve Kirby
Vice President / LOAN of
$333,913
$322,625 No related comp$11,288
David Novak
Chief Financial Officer
$297,188
$285,000 No related comp$12,188
Benjamin Krieger
Chief Credit
$223,500
$215,000 No related comp$8,500
Ryan O'Neill
Loan Officer
$205,272
$196,047 No related comp$9,225
Sara Vanhala
Director Mar
$188,167
$179,167 No related comp$9,000
Phil Maton
Chief Credit
$187,250
$180,000 No related comp$7,250
Gregg Kyes
Chief Technology Officer
$186,650
$180,000 No related comp$6,650
Kathleen Lent
Vp/Relation
$176,625
$170,000 No related comp$6,625
Randy Neumann
Portfolio MA
$160,792
$154,167 No related comp$6,625
Melissa Varhegyi
Vp/Relation
$145,150
$140,000 No related comp$5,150

Benchmark Employee Compensation

Non-Employee Board Members

Carter Huhta
Director
Donald Brookhart
Secretary
Jerry Furby
Chair
John Allen
Director
Mark Papoccia
Director
Mary Midiri
Director
Michael Milligan
Director
Thomas Griffith
Treasurer

Contractors

Patterson Rollins & Kurtz LLC
Legal
$430,600

Mission Statement

TO FURTHER ECONOMIC DEVELOPMENT BY PROMOTING AND ASSISTING THE GROWTH, DEVELOPMENT, AND EXPANSION OF BUSINESS CONCERNS THROUGHOUT THE STATE OF ILLINOIS AND ADJACENT LOCAL ECONOMIC AREAS.

Revisions to this organization profile

July 31, 2025:
2024 Small Business Growth Corporation 990 filed
June 13, 2024:
2023 Small Business Growth Corporation 990 filed
February 10, 2023:
2022 Small Business Growth Corporation 990 filed

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Illinois Entrepreneurship and Small Business Growth Association
Edwardsville, Illinois