Civic Intelligence

Rochester Area Economic Development Inc

EIN 36-3414363 • 501(c)6 • Rochester, MN

Profile

Raedi's mission is to lead and support economic, community, and workforce development initiatives that grow, and diversify the greater rochester area economy.

221 First Avenue SW Suite 600Rochester, MN 55902

www.raedi.com

Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.03x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

41st percentile

1.6%

Higher net margin than 41% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

41st percentile

2.8%

Faster asset growth than 41% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

82nd percentile

24%

Faster revenue growth than 82% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$4,648,769

Down $4,595 (-0.1%) from 2023

Liabilities

Down

$41,823

Down $27,009 (-39%) from 2023

Net Assets

Up

$4,606,946

Up $22,414 (+0.5%) from 2023

Operations
Liabilities / Revenue26th percentileNet Margin41st percentile

Revenue

Down

$1,412,451

Down $246,740 (-15%) from 2023

Expenses

Up

$1,390,037

Up $15,053 (+1.1%) from 2023

Net Income

Down

$22,414

Down $261,793 (-92%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $948,973Liabilities 2010: $139,121Net Assets 2010: $809,8522010Assets 2011: $987,231Liabilities 2011: $137,655Net Assets 2011: $849,5762011Assets 2012: $1,109,030Liabilities 2012: $242,521Net Assets 2012: $866,5092012Assets 2013: $1,325,719Liabilities 2013: $259,797Net Assets 2013: $1,065,9222013Assets 2014: $1,942,067Liabilities 2014: $429,347Net Assets 2014: $1,512,7202014Assets 2015: $2,326,332Liabilities 2015: $325,441Net Assets 2015: $2,000,8912015Assets 2016: $2,318,422Liabilities 2016: $83,968Net Assets 2016: $2,234,4542016Assets 2017: $2,471,645Liabilities 2017: $191,729Net Assets 2017: $2,279,9162017Assets 2018: $3,048,829Liabilities 2018: $83,750Net Assets 2018: $2,965,0792018Assets 2019: $3,179,838Liabilities 2019: $57,690Net Assets 2019: $3,122,1482019Assets 2020: $3,969,050Liabilities 2020: $34,758Net Assets 2020: $3,934,2922020Assets 2021: $4,698,933Liabilities 2021: $35,988Net Assets 2021: $4,662,9452021Assets 2022: $4,399,928Liabilities 2022: $99,603Net Assets 2022: $4,300,3252022Assets 2023: $4,653,364Liabilities 2023: $68,832Net Assets 2023: $4,584,5322023Assets 2024: $4,648,769Liabilities 2024: $41,823Net Assets 2024: $4,606,9462024

Highlighted filing

2024

Assets$4,648,769
Liabilities$41,823
Net Assets$4,606,946
Open 2024 Filing

Operations Trend

Revenue Growth82nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $650,6322010Expenses 2011: $672,0012011Expenses 2012: $693,6712012Revenue 2013: $959,525Expenses 2013: $760,112Net Income 2013: $199,4132013Revenue 2014: $1,442,497Expenses 2014: $995,699Net Income 2014: $446,7982014Revenue 2015: $2,593,214Expenses 2015: $2,105,043Net Income 2015: $488,1712015Revenue 2016: $1,211,066Expenses 2016: $977,503Net Income 2016: $233,5632016Revenue 2017: $1,004,855Expenses 2017: $959,393Net Income 2017: $45,4622017Revenue 2018: $1,631,516Expenses 2018: $946,353Net Income 2018: $685,1632018Revenue 2019: $1,063,888Expenses 2019: $928,964Net Income 2019: $134,9242019Revenue 2020: $1,467,356Expenses 2020: $655,212Net Income 2020: $812,1442020Revenue 2021: $1,415,203Expenses 2021: $686,550Net Income 2021: $728,6532021Revenue 2022: $925,215Expenses 2022: $1,287,835Net Income 2022: -$362,6202022Revenue 2023: $1,659,191Expenses 2023: $1,374,984Net Income 2023: $284,2072023Revenue 2024: $1,412,451Expenses 2024: $1,390,037Net Income 2024: $22,4142024

Highlighted filing

2024

Revenue$1,412,451
Expenses$1,390,037
Net Income$22,414
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,648,769
Liabilities
$41,823
Net assets
$4,606,946
Revenue
$1,412,451
Expenses
$1,390,037
Net income
$22,414
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.65$0.04$4.61$1.41$1.39$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.65$0.07$4.58$1.66$1.37$0.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$0.10$4.30$0.93$1.29$0.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$0.04$4.66$1.42$0.69$0.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$0.03$3.93$1.47$0.66$0.81
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$0.06$3.12$1.06$0.93$0.13
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$0.08$2.97$1.63$0.95$0.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.47$0.19$2.28$1.00$0.96$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.08$2.23$1.21$0.98$0.23
2015Detailed filing. Detailed filing data is available for this year.$2.33$0.33$2.00$2.59$2.11$0.49
2014Detailed filing. Detailed filing data is available for this year.$1.94$0.43$1.51$1.44$1.00$0.45
2013Detailed filing. Detailed filing data is available for this year.$1.33$0.26$1.07$0.96$0.76$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.24$0.87$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.14$0.85$0.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.14$0.81$0.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$1,630,677
Mission and Program Overview

Mission

Raedi's mission is to be an economic enabler to rochester area businesses, producing results through retention, growth and diversification of our economy.

Raedi's mission is to lead and support economic, community, and workforce development initiatives that grow, and diversify the greater rochester area economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,876,987$2,251,218▲ $374,231
Savings and Temporary Cash Investments$1,901,473$1,780,518▼ $120,955
Other Notes and Loans Receivable, Net$464,135$301,789▼ $162,346
Accounts Receivable$232,279$165,972▼ $66,307
Land, Buildings, and Equipment, Net$172,940$142,816▼ $30,124
Prepaid Expenses and Deferred Charges$5,550$6,456▲ $906
Total Assets$4,653,364$4,648,769▼ $4,595
Liabilities
Accounts Payable and Accrued Expenses$54,461$41,823▼ $12,638
Deferred Revenue$14,371$0▼ $14,371
Total Liabilities$68,832$41,823▼ $27,009
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,111,438$4,158,736▲ $47,298
Net Assets With Donor Restrictions$473,094$448,210▼ $24,884
Total Net Assets Fund Balance$4,584,532$4,606,946▲ $22,414
Total Liabilities and Net Assets / Fund Balance$4,653,364$4,648,769▼ $4,595

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$132,308$356,156$488,464
Equipment$10,508$37,516$48,024
Investment Program Related Org$274,231--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
John WadePresidentFT$185,049$29,387$214,436
Tawonda BurksDirector of OperationsFT$123,600$18,945$142,545
Kirk BustromDirector of Economic DevelopmentFT$102,377$20,432$122,809

Board Members and Trustees

NameTitle
Jarett JonesChair
Melissa BrinkmanPast Chair
Dianna RobinsonVice Chair
Adam BenikeDirector
Alison ZelmsDirector
Angie Bowman-malloyDirector
Bruce GudlinDirector
Chad DecookDirector
Dharani RamamoorthyDirector
Heidi WelschDirector
John BeattyDirector
John ReedDirector
Julie HenryDirector
Michelle PyfferoenDirector
Mike HenkeDirector
Norm DotyDirector
Patrick SeebDirector
Sam SlightamDirector
Tim MccolloughDirector
Erin SextonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$913,104
Program Service Revenue
$400,954
Investment Income
$91,190
Other Revenue
$7,203
All Other Contributions
$171,780
Change in Net Assets
$22,414

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,412,451
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$218,226
Total Revenue per Audited Statements
$1,630,677
Total Revenue per Form 990
$1,412,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,011,086
Other Expenses$378,951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$584,524
Current Officers, Directors, Trustees, and Key Employees---$214,436
Other Employee Benefits---$98,196
Fees for Services Other---$75,805
Payroll Taxes---$59,322
Pension Plan Contributions---$54,608
Depreciation Depletion---$40,510
Fees for Services Accounting---$36,855
Office Expenses---$28,674
All Other Expenses---$23,719
Other Expenses---$19,605
Travel---$18,619
Advertising---$17,505
Insurance---$6,720
Fees for Services Legal---$1,866
Occupancy---$744
Total Functional Expenses$0$0$0$1,390,037

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,608,263
Expenses per Audited Statements$1,390,037
Total Expenses per Form 990$1,390,037
Expenses Not Reported on Form 990$218,226
Expenses Not Reported on Financial Statements$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 A, Line 6

“The organization has members who are not authorized to elect members of the governing body.”

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

“The irs form 990 is reviewed by the executive committee for approval.”

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

“The board, officers, and management employees are instructed to exercise honesty and best judgment in compliance with the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“The executive committee conducts an annual performance review and sets compensation, which is then approved by the board of directors as part of the annual budget.”

Form 990, Part VI, Section C, Line 18

“Form 990 is available upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Rochester Area Economic Development Inc
EIN
36-3414363
Phone
5072880208
Address
221 FIRST AVENUE SW SUITE 600, ROCHESTER, MN 55902

Signing Officer

Name
John Wade
Title
President
Phone
5072880208
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Wade
Formed
1986
Legal Domicile
Mn
Voting Board Members
21
Independent Board Members
20
Employees
8
Volunteers
20

Preparer

Firm
Smith Schafer and Assoc Ltd
Address
2575 COMMERCE DRIVE NW SUITE 200, ROCHESTER, MN 55901
Preparer
Trisha L White
Phone
5072883277
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENT EXPENSES 218,226.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENT EXPENSES 218,226.”

Raw XML AppendixShowing 400 of 586 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt054461
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt041823
IRS990/AccountsReceivableGrp/BOYAmt0232279
IRS990/AccountsReceivableGrp/EOYAmt0165972
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0RAEDI'S MISSION IS TO LEAD AND SUPPORT ECONOMIC, COMMUNITY, AND WORKFORCE DEVELOPMENT INITIATIVES THAT GROW, AND DIVERSIFY THE GREATER ROCHESTER AREA ECONOMY.
IRS990/AdvertisingGrp/TotalAmt017505
IRS990/AllOtherContributionsAmt0171780
IRS990/AllOtherExpensesGrp/TotalAmt023719
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JOHN WADE
IRS990/BooksInCareOfDetail/PhoneNum05072880208
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0221 FIRST AVENUE SW SUITE 600
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROCHESTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055902
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0214436
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0913104
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt091190
IRS990/CYOtherExpensesAmt0378951
IRS990/CYOtherRevenueAmt07203
IRS990/CYProgramServiceRevenueAmt0400954
IRS990/CYRevenuesLessExpensesAmt022414
IRS990/CYSalariesCompEmpBnftPaidAmt01011086
IRS990/CYTotalExpensesAmt01390037
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01412451
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt014371
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt040510
IRS990/Desc0PROMOTE AND FACILITATE BUSINESSES CONSIDERING ROCHESTER MSA AS A PLACE TO DO BUSINESS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0473094
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0448210
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt036855
IRS990/FeesForServicesLegalGrp/TotalAmt01866
IRS990/FeesForServicesOtherGrp/TotalAmt075805
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt162.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt172.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt182.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt192.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt202.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2240.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt329387
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2118945
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2220432
IRS990/Form990PartVIISectionAGrp/PersonNm0ADAM BENIKE
IRS990/Form990PartVIISectionAGrp/PersonNm1JARETT JONES
IRS990/Form990PartVIISectionAGrp/PersonNm2MELISSA BRINKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN WADE
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN BEATTY
IRS990/Form990PartVIISectionAGrp/PersonNm5ANGIE BOWMAN-MALLOY
IRS990/Form990PartVIISectionAGrp/PersonNm6JULIE HENRY
IRS990/Form990PartVIISectionAGrp/PersonNm7SAM SLIGHTAM
IRS990/Form990PartVIISectionAGrp/PersonNm8CHAD DECOOK
IRS990/Form990PartVIISectionAGrp/PersonNm9NORM DOTY
IRS990/Form990PartVIISectionAGrp/PersonNm10BRUCE GUDLIN
IRS990/Form990PartVIISectionAGrp/PersonNm11TIM MCCOLLOUGH
IRS990/Form990PartVIISectionAGrp/PersonNm12HEIDI WELSCH
IRS990/Form990PartVIISectionAGrp/PersonNm13ALISON ZELMS
IRS990/Form990PartVIISectionAGrp/PersonNm14MICHELLE PYFFEROEN
IRS990/Form990PartVIISectionAGrp/PersonNm15DIANNA ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm16PATRICK SEEB
IRS990/Form990PartVIISectionAGrp/PersonNm17ERIN SEXTON
IRS990/Form990PartVIISectionAGrp/PersonNm18MIKE HENKE
IRS990/Form990PartVIISectionAGrp/PersonNm19DHARANI RAMAMOORTHY
IRS990/Form990PartVIISectionAGrp/PersonNm20JOHN REED
IRS990/Form990PartVIISectionAGrp/PersonNm21TAWONDA BURKS
IRS990/Form990PartVIISectionAGrp/PersonNm22KIRK BUSTROM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3185049
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21123600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22102377
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF ECONOMIC DEVELOPMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt0150000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01630677
IRS990/GrossRentsGrp/RealAmt0225429
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt06720
IRS990/InvestmentIncomeGrp/ExclusionAmt091190
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt091190
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01876987
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02251218
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0393672
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0172940
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0142816
IRS990/LandBldgEquipCostOrOtherBssAmt0536488
IRS990/LegalDomicileStateCd0MN
IRS990/LessRentalExpensesGrp/RealAmt0218226
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0591324
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RAEDI'S MISSION IS TO LEAD AND SUPPORT ECONOMIC, COMMUNITY, AND WORKFORCE DEVELOPMENT INITIATIVES THAT GROW, AND DIVERSIFY THE GREATER ROCHESTER AREA ECONOMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04584532
IRS990/NetAssetsOrFundBalancesEOYAmt04606946
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt07203
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt07203
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04111438
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04158736
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0744
IRS990/OfficeExpensesGrp/TotalAmt028674
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt098196
IRS990/OtherExpensesGrp/Desc0CONTRACTUAL COSTS
IRS990/OtherExpensesGrp/Desc1ANNUAL MEETING AND SPEC
IRS990/OtherExpensesGrp/Desc2CLEANING & MAINTENANCE
IRS990/OtherExpensesGrp/TotalAmt077186
IRS990/OtherExpensesGrp/TotalAmt131143
IRS990/OtherExpensesGrp/TotalAmt219605
IRS990/OtherSalariesAndWagesGrp/TotalAmt0584524
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0464135
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0301789
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt059322
IRS990/PensionPlanContributionsGrp/TotalAmt054608
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05550
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06456
IRS990/PrincipalOfficerNm0JOHN WADE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624100
IRS990/ProgramServiceRevenueGrp/BusinessCd1624100
IRS990/ProgramServiceRevenueGrp/BusinessCd2624100
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1SPECIAL EVENTS, NET
IRS990/ProgramServiceRevenueGrp/Desc2LOAN CLOSING COSTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0333725
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162533
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24696
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0333725
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24696
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATE THE BUSINESS ACCELERATOR PROGRAM.
IRS990/ProgSrvcAccomActy3Grp/Desc0INVEST IN COMPANIES WHO HELP GROW AND DIVERSIFY THE ECONOMIC BASE.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01130723
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0143770
IRS990/PYOtherExpensesAmt0405599
IRS990/PYOtherRevenueAmt024912
IRS990/PYProgramServiceRevenueAmt0359786
IRS990/PYRevenuesLessExpensesAmt0284207
IRS990/PYSalariesCompEmpBnftPaidAmt0969385
IRS990/PYTotalExpensesAmt01374984
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01659191
IRS990/ReconcilationRevenueExpnssAmt022414
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt07203
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01901473
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01780518
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt010508
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037516
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048024
IRS990ScheduleD/ExpensesNotReportedAmt0218226
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01390037
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt050000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1224530
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2259123
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt350000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4301485
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5263736
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6150000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt753113
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt8100000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt9300000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt10125000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11100000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12274231
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN CAERUS CORP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN LIQUIDCOOL SOLUTIONS, INC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT IN SONEX HEALTH
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3INVESTMENT IN GENETICURE, INC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4INVESTMENT IN AMBIENT CLINICAL ANALYTICS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5INVESTMENT IN VYRIAD
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6INVESTMENT IN SE MINNESOTA CAPITAL FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7INVESTMENT IN CRANIOVATION INC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc8INVESTMENT IN OMNITIER INC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc9INVESTMENT IN CYTOTHERYX
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc10INVESTMENT IN NANODROPPER, INC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc11INVESTMENT IN NESTED KNOWLEDGE (SAFE)
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc12INVESTMENT IN PNEUMERIC, INC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)6 • $1M-$5M nonprofits