Civic Intelligence

Impact Hub Msp

EIN 27-0540267 • 501(c)3 • Minneapolis, MN

Profile

Accelerate social impact achieved by entrepreneurs, creatives, and change makers.

825 Washington Ave SEMinneapolis, MN 55414

minneapolis.impacthub.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.69x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.61x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

64th percentile

9.9%

Higher net margin than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$80,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 31.7% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

65th percentile

6.9%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

-19%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$224,299

Up $9,963 (+4.6%) from 2022

Liabilities

Down

$154,489

Down $34,149 (-18%) from 2022

Net Assets

Up

$69,810

Up $44,112 (+172%) from 2022

Revenue

Down

$252,235

Down $109,102 (-30%) from 2022

Expenses

Down

$227,138

Down $107,382 (-32%) from 2022

Net Income

Down

$25,097

Down $1,720 (-6.4%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0-$200KAssets 2018: $626,773Liabilities 2018: $511,871Net Assets 2018: $114,9022018Assets 2020: $267,636Liabilities 2020: $275,888Net Assets 2020: -$8,2522020Assets 2021: $217,353Liabilities 2021: $218,472Net Assets 2021: -$1,1192021Assets 2022: $214,336Liabilities 2022: $188,638Net Assets 2022: $25,6982022Assets 2024: $224,299Liabilities 2024: $154,489Net Assets 2024: $69,8102024

Highlighted filing

2024

Assets$224,299
Liabilities$154,489
Net Assets$69,810

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2018: $1,024,193Expenses 2018: $1,000,634Net Income 2018: $23,5592018Revenue 2020: $316,567Expenses 2020: $397,727Net Income 2020: -$81,1602020Revenue 2021: $375,887Expenses 2021: $368,754Net Income 2021: $7,1332021Revenue 2022: $361,337Expenses 2022: $334,520Net Income 2022: $26,8172022Revenue 2024: $252,235Expenses 2024: $227,138Net Income 2024: $25,0972024

Highlighted filing

2024

Revenue$252,235
Expenses$227,138
Net Income$25,097

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$252,235
Mission and Program Overview

Mission

Impact hub msp is dedicated to provide what today's impact innovators need to achieve their vision. Impact hub msp accelerates social impact by 1) curating experiences that activate economic participation, 2) cultivating peer learning and industry-to-industry collaboration, 3) building a state of the art physical space for entrepreneurs and innovators, 4) connecting to a global network of change makers as an impact hub.

Accelerate social impact achieved by entrepreneurs, creatives, and change makers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$46,196$213,088▲ $166,892
Accounts Receivable$151,000--
Prepaid Expenses and Deferred Charges$11,211$11,211→ $0
Land, Buildings, and Equipment, Net$1,469$0▼ $1,469
Total Assets$209,876$224,299▲ $14,423
Liabilities
Unsecured Notes Loans Payable$142,437$134,745▼ $7,692
Accounts Payable and Accrued Expenses$10,865$18,077▲ $7,212
Deferred Revenue$1,667$1,667→ $0
Total Liabilities$154,969$154,489▼ $480
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$54,907$69,810▲ $14,903
Total Net Assets Fund Balance$54,907$69,810▲ $14,903
Total Liabilities and Net Assets / Fund Balance$209,876$224,299▲ $14,423

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$82,572$82,572
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Katie KalkmanExecutive DirectorPT$80,000$80,000

Board Members and Trustees

NameTitle
Kate DehmerBoard Chair
Archana ShahDirector
Brett KasperDirector
Demi RadevaDirector
Miranda NollDirector
Wes MeierDirector
Terri BarreiroSecretary
Judy JandroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$180,578
Program Service Revenue
$71,590
Investment Income
$0
Other Revenue
$67
All Other Contributions
$153,239
Change in Net Assets
$25,097
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,041
Salaries, Compensation, and Employee Benefits$97,097
Total Fundraising Expense$20,736
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$56,000$16,000$8,000$80,000
Occupancy$35,555$1,975$1,975$39,505
Payroll Taxes$11,968$3,419$1,710$17,097
Fees for Services Other$9,940$2,040$1,420$13,400
Insurance$3,505$1,001$501$5,007
Advertising$3,353$958$479$4,790
Information Technology$2,804$800$401$4,005
Other Expenses$2,205$630$315$3,150
All Other Expenses$1,348$385$193$1,926
Office Expenses$902$258$129$1,289
Fees for Services Accounting-$800-$800
Travel$505$144$72$721
Conferences and Meetings$344$98$49$491
Depreciation Depletion-$36-$36
Total Functional Expenses$166,874$39,528$20,736$227,138
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent public accounting firm using information provided by the organization. Once a draft of the return is ready, all board members will receive a copy at a board meeting and will review and discuss before filing.

Form 990, Part VI, Section B, Line 12C

"the conflict of interest policy is directed at directors, officers, and all employees who can influence the actions of the minnesota social impact hub. This includes all who make purchasing decisions, all persons who might be described as 'management personnel and anyone who has proprietary information concerning the minnesota social hub. Disclosure in the organization should be made to the executive director (or, if she or he is the one with the conflict, then to the board chair), who shall bring the matter to the attention of the board or a duly constituted committee thereof. Disclosure involving directors should be made to the board chair (or, if she or he is the one with the conflict, then to the board secretary), who shall bring these matters to the board or a duly constituted committee thereof. The board, or a duly constituted committee thereof, shall determine whether a conflict exists and, in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to minnesota social impact hub. The decision of the board or a duly constituted committee thereof on these matters will rest in their sole discretion, and their concern must be the welfare of the minnesota social impact hub and the advancement of its purpose."

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request to the board chair

Filing and Contact Details

Filer

Filer Name
Impact Hub Msp
EIN
27-0540267
Phone
6513182800
Address
825 WASHINGTON AVE SE, MINNEAPOLIS, MN 55414

Signing Officer

Name
Katie Kalkman
Title
Executive Director
Phone
6513182800
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katie Kalkman
Formed
2009
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
20

Preparer

Firm
Carpenter Evert & Associates Ltd
Address
7760 FRANCE AVE S SUITE 940, BLOOMINGTON, MN 55435
Preparer
Neal Evert
Phone
9528310085
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0218989
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01069908
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0450310
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt067
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0100
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0169
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.26080
IRS990ScheduleA/PublicSupportPY170Pct00.43750
IRS990ScheduleA/PublicSupportTotal170Amt0279114
IRS990ScheduleA/SubstantialContributorsTotAmt0790794
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0180577
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0263631
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0169873
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0236838
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0218989
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01069908
IRS990ScheduleA/TotalSupportAmt01070079
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt082572
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt082572
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM USING INFORMATION PROVIDED BY THE ORGANIZATION. ONCE A DRAFT OF THE RETURN IS READY, ALL BOARD MEMBERS WILL RECEIVE A COPY AT A BOARD MEETING AND WILL REVIEW AND DISCUSS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1"THE CONFLICT OF INTEREST POLICY IS DIRECTED AT DIRECTORS, OFFICERS, AND ALL EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF THE MINNESOTA SOCIAL IMPACT HUB. THIS INCLUDES ALL WHO MAKE PURCHASING DECISIONS, ALL PERSONS WHO MIGHT BE DESCRIBED AS 'MANAGEMENT PERSONNEL AND ANYONE WHO HAS PROPRIETARY INFORMATION CONCERNING THE MINNESOTA SOCIAL HUB. DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE EXECUTIVE DIRECTOR (OR, IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR (OR, IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD SECRETARY), WHO SHALL BRING THESE MATTERS TO THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. THE BOARD, OR A DULY CONSTITUTED COMMITTEE THEREOF, SHALL DETERMINE WHETHER A CONFLICT EXISTS AND, IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO MINNESOTA SOCIAL IMPACT HUB. THE DECISION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE MINNESOTA SOCIAL IMPACT HUB AND THE ADVANCEMENT OF ITS PURPOSE."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE BOARD CHAIR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt0209876
IRS990/TotalAssetsGrp/EOYAmt0224299
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039528
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0166874
IRS990/TotalFunctionalExpensesGrp/TotalAmt0227138
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0154489
IRS990/TotalLiabilitiesGrp/BOYAmt0154969
IRS990/TotalLiabilitiesGrp/EOYAmt0154489
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0209876
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0224299
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt072
IRS990/TravelGrp/ManagementAndGeneralAmt0144
IRS990/TravelGrp/ProgramServicesAmt0505
IRS990/TravelGrp/TotalAmt0721
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0142437
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0134745
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0825 WASHINGTON AVE SE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055414
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0MINNEAPOLIS.IMPACTHUB.NET
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATIE KALKMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06513182800
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMPACT HUB MSP
ReturnHeader/Filer/BusinessNameControlTxt0IMPA
ReturnHeader/Filer/EIN0270540267
ReturnHeader/Filer/PhoneNum06513182800
ReturnHeader/Filer/USAddress/AddressLine1Txt0825 WASHINGTON AVE SE
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS

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