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NORTHEAST ENTREPRENEUR FUND INC

EIN 36-3566632 DULUTH, MN

Revenue 2023
$12,753,094
Expenses 2023
$7,770,279

Program services were 73.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
202 W SUPERIOR ST STE 311

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • CRYSTAL ROHDE

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • ARIK FORSMAN

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • ANDY DONAHUE

    VICE-CHAIR (TERMED APRIL)

    Total calculated
    $0
    Hours/week
    1
  • TABATHA BEIER

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • ELIZABETH CHAPMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MEGAN ERICKSON KELLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DUSTIN GOSLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL HOLDEN

    DIRECTOR (TERMED APRIL)

    Total calculated
    $0
    Hours/week
    1
  • DAVID MANION

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JULIE PADILLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DIANE WEBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • SHAWN WELLNITZ

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $275,087
    From this org
    $263,586
    From related orgs
    $0
    Other
    $11,501
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $241,797
    Bonus
    $21,578
    Other
    $211
    Deferred
    $11,501
    Nontaxable benefits
    $0
    Filer's total
    $275,087
  • CARLA TICHY

    DIR. OF ACCOUNTING AND COMPLIANCE

    Total calculated
    $135,133
    From this org
    $111,886
    From related orgs
    $0
    Other
    $23,247
    Hours/week
    50
  • MICHAEL LATTERY

    DIRECTOR OF BUSINESS FINANCE

    Total calculated
    $182,130
    From this org
    $161,834
    From related orgs
    $0
    Other
    $20,296
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,737
    Bonus
    $7,925
    Other
    $172
    Deferred
    $7,865
    Nontaxable benefits
    $12,431
    Filer's total
    $182,130
  • ZACHARY HOY

    CREDIT MANAGER

    Total calculated
    $121,212
    From this org
    $115,616
    From related orgs
    $0
    Other
    $5,596
    Hours/week
    40
  • KURT THOMPSON

    CHIEF OPERATING OFFICER

    Total calculated
    $118,536
    From this org
    $107,753
    From related orgs
    $0
    Other
    $10,783
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $12,753,094
    Expenses
    $7,770,279
    Contributions
    $8,764,347
    Grants paid
    $618,944
  • 2022
    Revenue
    $13,045,758
    Expenses
    $7,187,889
    Contributions
    $10,144,224
    Grants paid
    $553,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

  • 2024 COMMUNITY & HUMAN SERVICES

  • 2022 OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG

  • 2022 FINANCE JUSTICE FUND SUBGRANT

  • 2023 The Northeast Entrepreneur Fund received the Downtown Duluth Revitalization Project grant, to assist businesses in need to help revitalize the Downtown Duluth Business district. The Entrepreneur Fund received $50,000 for grants to be given to eligible businesses ($2,500 each), and $10,000 to cover the Entrepreneur Fund's costs to perform tasks per the grant's guidelines, which entailed developing grant criteria & application forms, solicit grant applications, review & make recommendations for the grants and compliance with eligibility, submit recommendations, prepare grant agreements for eligible businesses, disburse grant funding, monitor grant compliance, and report to the 1200 Fund. Note: An $11,000 match was required from the organization Downtown Duluth.

  • 2023 EMPOWERING THRIVING COMMUNITIES & ENTREPRENEURS, UNRESTRICTED

  • 2022 PUBLIC BENEFIT AND COMMUNITY IMPROVEMENT PROGRAM SUPPORT

  • 2022 TO SUPPORT A COHORT OF THE SOAR SUCCESS CIRCLE FOR WOMEN AND THE 2023 SHELEADS EVENT.

  • 2022 TO SUPPORT PROJECTS THAT ENHANCE OR EDUCATE MANUFACTURING COMPANIES IN THE GEOGRAPHIC REGION SERVED BY THE INITIATIVE FOUNDATION.

  • 2024 TO SUPPORT THE EDUCATIONAL EFFORTS OF THE ORGANIZATION

  • 2022 TO SUPPORT THE MISSION OF THE ORGANIZATION.

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The IRS Business Master File ingested 5 October 2026, which is when the registration facts above were last refreshed for every organization. Returns through tax year 2023, the newest we have parsed for this organization.