Northspan Group Incorporated
- Assets
- $418.3k
- Revenue
- $837.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Duluth, MN
- Founding
- 03/1986
- Data as of
- 12/2022
- EIN
- 36-3386158
Organization Overview
Northspan Group Incorporated is located in Duluth, MN. The organization was established in 1986. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Northspan Group Incorporated employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northspan Group Incorporated is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Northspan Group Incorporated generated $837.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY - NAICS CODE 541610 SEE STATEMENT ON SCHEDULE O
BUSINESS - NAICS CODE 523930NORTHSPANS BUSINESS DEVELOPMENT SERVICES NEST WITHIN A NETWORK OF PUBLIC AND PRIVATE PARTNERS TO PROVIDE CRITICAL GAP SERVICES, AND WE WORK WITH COMPANIES OF ALL SIZES TO GROW THE ECONOMY IN THE COMMUNITIES WE SERVE. WE STRUCTURE AND FACILITATE FINANCING FOR PROJECTS AND PROVIDE EXPERTISE IN PACKAGING LOAN AND GRANT APPLICATIONS. WE PARTNER WITH COMMUNITIES AND FINANCIAL INSTITUTIONS TO PROVIDE LOAN PROGRAM SUPPORT SERVICES, AND WE ALSO PARTNER WITH COMMUNITY BANKS TO PROVIDE SMALL BUSINESS ADMINISTRATION (SBA)7A LOAN GUARANTY PROGRAM SERVICES. NORTHSPAN ALSO PROVIDES ACCREDITED BUSINESS VALUATION AND SUCCESSION PLANNING SERVICES TO ASSIST BUSINESSES THROUGH ALL STAGES OF GROWTH AND TRANSITION.
ORGANIZATIONAL - NAICS CODE 541610NORTHSPAN IMPROVES THE HEALTH AND VITALITY OF BOARDS, COUNCILS, COMMITTEES, GROUPS, AND COLLABORATIONS THROUGH ORGANIZATIONAL DEVELOPMENT AND BUILDS CAPACITY, IMPROVES DECISION-MAKING, AND ENHANCES EFFECTIVENESS. WE COORDINATE AND FACILTATE STRATEGIC PLANNING PROCESSES AND PROVIDE TECHNICAL ASSISTANCE FOR CHANGE, GROWTH MANAGEMENT, AND DEVELOPMENT. THESE SERVICES CAN RANGE FROM GENERAL MEETING MANAGEMENT AND PLANNING SERVICES TO THE FACILITATION OF MULTI-YEAR ECONOMIC ADJUSTMENT, CRISIS RESPONSE, AND READINESS PLANNING INITIATIVES. WE ALSO CONDUCT PROJECT-SPECIFIC FEASIBILITY STUDIES AND ECONOMIC IMPACT ANALYSES THAT HELP ORGANIZATIONS PLAN FOR GROWTH AND CHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elissa Hansen President And CEO | Officer | 40 | $108,802 |
David Copp Director | Trustee | 0 | $0 |
Tom Werner Director | Trustee | 0 | $0 |
Katterine Payer Director | Trustee | 0 | $0 |
Rebekkah Anderson Director | Trustee | 0 | $0 |
Meg Thoreson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $835,592 |
| Investment income | $576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $837,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $246,388 |
| Compensation of current officers, directors, key employees. | $246,388 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,848 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,489 |
| Payroll taxes | $40,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,325 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,696 |
| Advertising and promotion | $52,870 |
| Office expenses | $7,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,319 |
| Travel | $27,528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,005 |
| Interest | $573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $669 |
| Insurance | $3,364 |
| All other expenses | $59,553 |
| Total functional expenses | $1,071,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,266 |
| Savings and temporary cash investments | $106,714 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,698 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,489 |
| Net Land, buildings, and equipment | $3,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $418,334 |
| Accounts payable and accrued expenses | $20,882 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $24,955 |
| Other liabilities | $230,450 |
| Total liabilities | $276,287 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $142,047 |
| Total liabilities and net assets/fund balances | $418,334 |