Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
14 people listed on the 990; $164K paid to officers and key staff.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| A Brooke Mirenda | $231,831 | $236,842 | $220,507 | $211,136 | $197,940 | $164,200 |
| Chelsea Mioduszewski | $136,962 | $120,827 | $130,373 | $125,738 | — | — |
| Linda Anderson | — | $112,472 | — | $113,519 | — | — |
| Michael Frid | $110,874 | $100,789 | — | $108,292 | — | — |
| Beth Herdegen | — | $109,167 | — | $107,672 | — | — |
| Sandra Anderson | — | $104,210 | — | $108,158 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps Florida small businesses get long-term financing and learn about economic development programs.
Questions for Sunshine State Economic Development Corp
Your first name shows with your question. Sunshine State Economic Development Corp answers here, for everyone.
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Sunshine state economic development corporation (sedco) assists small businesses, as defined by the small business administration, in obtaining loans to either expand their business or refinance existing previously obtained debt.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.1M | $3.1M |
| Land, buildings, equipmentLn 10c | $229K | $220K |
| Total assetsLn 16 | $6.4M | $9.8M |
| LiabilitiesLn 26 | $955K | $4.4M |
| Net assetsLn 32 | $5.4M | $5.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $164K | $145K | $19K | |
| Other salaries and wagesLn 7 | $843K | $746K | $97K | |
| Pension plan contributionsLn 8 | $39K | $34K | $4K | |
| Other employee benefitsLn 9 | $129K | $114K | $15K | |
| Payroll taxesLn 10 | $61K | $54K | $7K | |
| Legal feesLn 11b | $1K | $1K | $134 | |
| Accounting feesLn 11c | $31K | $28K | $4K | |
| Advertising and promotionLn 12 | $3K | $3K | $397 | |
| Office expensesLn 13 | $71K | $63K | $8K | |
| OccupancyLn 16 | $18K | $16K | $2K | |
| TravelLn 17 | $9K | $8K | $1K | |
| Conferences, conventions and meetingsLn 19 | $8K | $7K | $910 | |
| Depreciation, depletion and amortizationLn 22 | $14K | $12K | $2K | |
| InsuranceLn 23 | $19K | $17K | $2K | |
| Other expenses (24a–d)Ln 24 | $29K | $25K | $3K | |
| Total functional expensesLn 25 | $1.4M | $1.3M | $165K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.1M | $2.0M | $88K | $5.5M | 990 PDF |
| FY2024 | $1.8M | $1.9M | −$26K | $5.4M | 990 PDF |
| FY2023 | $1.5M | $1.8M | −$301K | $5.4M | 990 PDF |
| FY2022 | $1.7M | $1.8M | −$142K | $5.7M | 990 PDF |
| FY2021 | $13.6M | $12.5M | $1.1M | $6.5M | 990 PDF |
| FY2020 Viewing | $1.4M | $1.4M | $3K | $5.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $1,441,864 revenue, 12 lines filed
Part VI · Governance 13 of 14 board members independent, no flags
Part VIII · Statement of revenue $1,441,864 across 4 lines filed
Part IX · Statement of functional expenses $1,439,091 across 15 lines filed
Part X · Balance sheet $9,820,697 assets, 13 lines filed
Part XI · Reconciliation of net assets $5,398,514 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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