Mission
TO PROMOTE SMALL BUSINESS & JOBS
Public Charity
MIDWEST BUSINESS FINANCE CORPORATION
MIDWEST BUSINESS FINANCE CORPORATION, of ST CLOUD, MN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $4.4M in revenue, $3.3M in expenses, $8.0M in total assets. IRS filings disclose 4 grants awarded by this foundation, totaling roughly $36K.
EIN: 411846655
ST CLOUD, MN
Latest filing: 2025
Total Revenue$4.4M
Total Expenses$3.3M
Total Assets$8.0M
Grants Given4
Grant Total$36K
Filing Years2021–2025
Sample Grants Given
ND SMALL BUSINESS DEVELOPMENT CENTERS
TO ASSIST ND SBDC WITH FUNDING
$10,000
ND SMALL BUSINESS DEVELOPMENT CENTERS
TO ASSIST ND SBDC WITH FUNDING
$10,000
ND SMALL BUSINESS DEVELOPMENT CENTERS
TO ASSIST ND SBDC WITH FUNDING
$10,000
NORTH CENTRAL SBDC
PROVIDE ASSISTANCE TO SMALL BUSINESSES
$6,000
Showing up to 5 of 4 total records — full history available with membership.
Officers & Directors
TREASURER
Bob Palmquist
CHAIRMAN
Carol Anderson
BOARD MEMBER
Chad Syltie
SECRETARY
Dale Umlauf
VICE CHAIR
Dan Nygaard
BOARD MEMBER
Dusten Johnson
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $4.4M | $3.3M | $8.0M |
| 2024 | $4.3M | $3.5M | $7.2M |
| 2023 | $4.2M | $3.9M | $6.7M |
| 2022 | $3.7M | $3.5M | $6.7M |
| 2021 | $3.0M | $3.0M | $4.9M |
Between 2021 and 2025, reported annual revenue grew from $3.0M to $4.4M (+46%), with total assets most recently reported at $8.0M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in MN, ND.
MNND
Full geographic grant map with state-by-state breakdown available with membership.