Compensation 990

Southeastern Minnesota 504 Development Inc.

Fiscal year ending 2024. Filed on November 18, 2025.

1926 College View Rd SE
Rochester, Minnesota 55904

Southeastern Minnesota 504 Development Inc. (EIN: 41-1678990) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Southeastern Minnesota 504 Development Inc., a 501(c)(6) business league, reported compensation for 1 out of 3 total employees. Among the employees shown here, the average compensation is $158,940. The highest compensated employee at Southeastern Minnesota 504 Development Inc. is Dwayne Lee with fiscal year 2024 compensation of $158,940.

Revenue, expenses, and employee compensation

Revenue

$1,092,839

Expenses

$578,264

Employee compensation

$439,281
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Non-Employee Board Members

Aaron Casterton
Treasurer
Chad Anderson
Director
Daniel Vlasak
President
Desiree Strom
Director
Diane Lewis
Director
Gary Timm
Director
Kyle Benish
Director
Luann Vanderwerf
Vice President
Mark Monson
Director
Richard Wegner
Secretary
Ron Ziegler
Director
Tim Clawson
Director

Mission Statement

ASSIST SMALL BUSINESSES TO SECURE GOVERNMENT FINANCING FOR THE PURCHASE OF LAND, BUILDINGS, AND EQUIPMENT WHICH WILL CREATE AND/OR RETAIN JOBS IN MINNESOTA AND IN WISCONSIN.

Revisions to this organization profile

November 18, 2025:
2024 Southeastern Minnesota 504 Development Inc. 990 filed
November 15, 2024:
2023 Southeastern Minnesota 504 Development Inc. 990 filed
November 16, 2023:
2022 Southeastern Minnesota 504 Development Inc. 990 filed

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