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
89 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
9 people listed on the 990; $351K 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 FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.2M | $3.5M |
| Land, buildings, equipmentLn 10c | $197K | $188K |
| Total assetsLn 16 | $6.6M | $6.3M |
| LiabilitiesLn 26 | $892K | $854K |
| Net assetsLn 32 | $5.7M | $5.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $221K | $195K | $25K | |
| Other salaries and wagesLn 7 | $913K | $808K | $105K | |
| Pension plan contributionsLn 8 | $47K | $42K | $5K | |
| Other employee benefitsLn 9 | $143K | $127K | $16K | |
| Payroll taxesLn 10 | $86K | $76K | $10K | |
| Legal feesLn 11b | $48K | $42K | $6K | |
| Accounting feesLn 11c | $36K | $32K | $4K | |
| Advertising and promotionLn 12 | $6K | $6K | $743 | |
| Office expensesLn 13 | $103K | $91K | $12K | |
| OccupancyLn 16 | $21K | $18K | $2K | |
| TravelLn 17 | $11K | $10K | $1K | |
| Conferences, conventions and meetingsLn 19 | $46K | $41K | $5K | |
| InterestLn 20 | $5K | $5K | ||
| Depreciation, depletion and amortizationLn 22 | $11K | $10K | $1K | |
| InsuranceLn 23 | $19K | $17K | $2K | |
| Other expenses (24a–d)Ln 24 | $86K | $76K | $10K | |
| Total functional expensesLn 25 | $1.8M | $1.6M | $207K | $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 Viewing | $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 | $1.4M | $1.4M | $3K | $5.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,502,127 revenue, 12 lines filed
Part VI · Governance 7 of 8 board members independent, no flags
Part VIII · Statement of revenue $1,502,127 across 4 lines filed
Part IX · Statement of functional expenses $1,803,144 across 16 lines filed
Part X · Balance sheet $6,295,389 assets, 13 lines filed
Part XI · Reconciliation of net assets $5,441,701 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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