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Filing year 2024

NORTHEAST ENTREPRENEUR FUND INC

Duluth, Minnesota·EIN 36-3566632·3
Total revenue
$20.6M
Total assets
$83.4M
Total expenses
$13.6M
Reported officers
17
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 6 reported individuals · Filing year 2024

$264k
$283k
Base
$229k
Bonus
$22k
Other
Benefits
$1k
Dir. of Business Finance
highest compensated employee
$178k
$191k
Base
$156k
Bonus
Other
Benefits
$13k
Base
$150k
Bonus
$4k
Other
Benefits
$14k
Credit Manager
highest compensated employee
$137k
$147k
Dir. of Accounting and Compliance
officer (unspecified)
$132k
$142k
Dir. of Business Services
highest compensated employee
$115k
$124k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Down 4%
from 2023

From $275k in 2023 to $264k in 2024.

$275k
2023
$264k
2024
In today's dollarsEst.
Down 7% in real terms$304k to $283k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NORTHEAST ENTREPRENEUR FUND INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$12.8M
$7.8M
2023
$20.6M
$13.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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