Northeast Entrepreneur Fund Inc
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$83.4M
+17.8% YoY
Annual Giving
$491K
+0.9% YoY
Grant Count
52
+52.9% YoY
Avg Grant Size
$9K
-34.0% YoY
About Northeast Entrepreneur Fund Inc
Based on IRS filings
Northeast Entrepreneur Fund Inc is a nonprofit organization, based in DULUTH, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $83.4M in total assets. In 2024, it awarded 52 grants totaling $491K. Net investment income was $622K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $83,445,384 | $70,821,340 | $67,902,279 |
| Revenue | $20,597,228 | $12,753,094 | $13,045,758 |
| Expenses | $13,593,307 | $7,770,279 | $7,187,889 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $621,949 | $235,998 | $7,410 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
134 grants across all recorded years
Open Grants
5 open opportunities from Northeast Entrepreneur Fund Inc
Gap Financing
NORTHEAST ENTREPRENEUR FUND INC
Amount
Up to $750,000
Deadline
Rolling / Open
Healthy Food Fund
NORTHEAST ENTREPRENEUR FUND INC
Amount
Up to $750,000
Deadline
Rolling / Open
Rural Field to Market Grant
NORTHEAST ENTREPRENEUR FUND INC
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cashmere Hair N Beauty Spa ($14,000), Lakewoods Transportation Llc ($14,000), Taqueria La Monarca Llc ($14,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CASHMERE HAIR N BEAUTY SPA WINTER HAVEN, FL | INVESTMENT GRANT | $14,000 |
| LAKEWOODS TRANSPORTATION LLC ANDOVER, MN | INVESTMENT GRANT | $14,000 |
| TAQUERIA LA MONARCA LLC ASHLAND, WI | INVESTMENT GRANT | $14,000 |
| THE FRYBREAD SHACK MOQUAH, WI | INVESTMENT GRANT | $13,500 |
| FARMBOYZ MERCANTILE LLC STONE LAKE, WI | INVESTMENT GRANT | $13,052 |
| MAYSQUARE MADISON, WI | INVESTMENT GRANT | $12,220 |
| 46 NORTH ENVIRONMENTAL LLC OULU, WI | INVESTMENT GRANT | $12,200 |
| DU NORD MEAT COMPANY ALEXANDRIA, MN | INVESTMENT GRANT | $12,200 |
| HUDSON SQUARE LLC GUTT, NJ | INVESTMENT GRANT | $12,200 |
| JNJS UP N UP OJIBWA, WI | INVESTMENT GRANT | $12,200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JIM ZASTROW | TREASURER | 2.5 | — |
| TABITHA BEIBER | TREASURER (THRU 8/31) | 1 | — |
| CRYSTAL ROHDE | CHAIR | 1 | — |
| ARIK FORSMAN | VICE-CHAIR | 1 | — |
| ELIZABETH CHAPMAN | DIRECTOR | 1 | — |
| MEGAN ERICKSON KELLIN | DIRECTOR | 1 | — |
| DUSTIN GOSLIN | DIRECTOR (THRU 8/31) | 1 | — |
| DAVID MANION | DIRECTOR | 1 | — |
| JULIE PADILLA | DIRECTOR (THRU 8/31) | 1 | — |
| JAKE ROBINSON | DIRECTOR | 1 | — |
| DIANE WEBER | DIRECTOR | 1 | — |
| SHAWN WELLNITZ | CEO/PRESIDENT | 40 | $251,274 |
| KURT THOMPSON | COO | 40 | $154,212 |
| CARLA TICHY | DIR. OF ACCOUNTING AND COMPLIANCE | 40 | $109,668 |
| MICHAEL LATTERY | DIR. OF BUSINESS FINANCE | 40 | $156,431 |
| ROBERT SJOSTRAND JR | DIR. OF BUSINESS SERVICES | 40 | $108,048 |
| ZACHARY HOY | CREDIT MANAGER | 40 | $114,634 |
Frequently Asked Questions
How large is Northeast Entrepreneur Fund Inc?
As of 2024, Northeast Entrepreneur Fund Inc holds $83.4M in total assets with $20.6M in annual revenue. It awarded 52 grants totaling $491K in 2024.
Where does Northeast Entrepreneur Fund Inc operate?
Northeast Entrepreneur Fund Inc has awarded grants in Arizona, Florida, Michigan, Minnesota, New Jersey, Wisconsin.
What size grants does Northeast Entrepreneur Fund Inc award?
In 2024, Northeast Entrepreneur Fund Inc awarded 52 grants totaling $491K — an average of about $9K per grant, based on its IRS Form 990 filings.
What is Northeast Entrepreneur Fund Inc's EIN?
Northeast Entrepreneur Fund Inc's EIN (Employer Identification Number) is 36-3566632. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Northeast Entrepreneur Fund Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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