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Sanborn Community Development Inc.

Company Details

Name: Sanborn Community Development Inc.
Jurisdiction: Minnesota
Legal type: Nonprofit Corporation (Domestic)
Status: Active / In Good Standing
Date formed: 08 Nov 1974 (50 years ago)
Company Number: bd20ec29-a2d4-e011-a886-001ec94ffe7f
File Number: M-30
Registered Office Address: Sanborn, MN 56083, USA
ZIP code: 56083
County: Redwood County
Place of Formation: Minnesota

President

Name Role Address
Steve Wersal President 150 Park St., Sanborn, MN 56083, USA

Filing

Filing Name Filing date
Nonprofit Corporation (Domestic) Other 2006-08-04
Involuntary Dissolution - Nonprofit Corporation (Domestic) 2005-09-20
Nonprofit Corporation (Domestic) Restated Articles 1975-04-10
Original Filing - Nonprofit Corporation (Domestic) 1974-11-08
Nonprofit Corporation (Domestic) Business Name (Business Name: Sanborn Community Development Inc.) 1974-11-08

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
41-6172895 Corporation Unconditional Exemption PO BOX 307, SANBORN, MN, 56083-0307 1975-06
In Care of Name -
Group Exemption Number 0000
Subsection Civic League, Local Association of Employees, Social Welfare Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation All organizations except 501(c)(3)
Tax Period 2024-10
Asset 100,000 to 499,999
Income 100,000 to 499,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Oct
Asset Amount 484939
Income Amount 498737
Form 990 Revenue Amount 414064
National Taxonomy of Exempt Entities -
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: An organization described in section 170(c) of the Internal Revenue Code other than a public charity or private foundation. Deductibility Limitation: Depends on various factors

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name SANBORN COMMUNITY DEVELOPMENT INC
EIN 41-6172895
Tax Period 202310
Filing Type E
Return Type 990O
File View File
Organization Name SANBORN COMMUNITY DEVELOPMENT INC
EIN 41-6172895
Tax Period 202210
Filing Type E
Return Type 990O
File View File
Organization Name SANBORN COMMUNITY DEVELOPMENT INC
EIN 41-6172895
Tax Period 201910
Filing Type E
Return Type 990O
File View File
Organization Name SANBORN COMMUNITY DEVELOPMENT INC
EIN 41-6172895
Tax Period 201810
Filing Type E
Return Type 990O
File View File
Organization Name SANBORN COMMUNITY DEVELOPMENT INC
EIN 41-6172895
Tax Period 201710
Filing Type E
Return Type 990O
File View File
Organization Name SANBORN COMMUNITY DEVELOPMENT INC
EIN 41-6172895
Tax Period 201610
Filing Type E
Return Type 990O
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5964507108 2020-04-14 0508 PPP 698 CENTRAL ST, SANBORN, MN, 56083-3098
Loan Status Date 2020-11-11
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 17462
Loan Approval Amount (current) 17462
Undisbursed Amount 0
Franchise Name -
Lender Location ID 38871
Servicing Lender Name Red Rock Bank
Servicing Lender Address 100 S Main St, SANBORN, MN, 56083
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address SANBORN, REDWOOD, MN, 56083-3098
Project Congressional District MN-07
Number of Employees 14
NAICS code 713910
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 38871
Originating Lender Name Red Rock Bank
Originating Lender Address SANBORN, MN
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 17557.56
Forgiveness Paid Date 2020-10-29
3680758304 2021-01-22 0508 PPS 698 Central St, Sanborn, MN, 56083-3098
Loan Status Date 2021-09-29
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 13095
Loan Approval Amount (current) 13095
Undisbursed Amount 0
Franchise Name -
Lender Location ID 38871
Servicing Lender Name Red Rock Bank
Servicing Lender Address 100 S Main St, SANBORN, MN, 56083
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Sanborn, REDWOOD, MN, 56083-3098
Project Congressional District MN-07
Number of Employees 14
NAICS code 713910
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 38871
Originating Lender Name Red Rock Bank
Originating Lender Address SANBORN, MN
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 13163.02
Forgiveness Paid Date 2021-08-04

Date of last update: 09 Feb 2025

Sources: Minnesota's Official State Website