Civic Intelligence

Owatonna Incubator Inc.

990 • Fiscal year 2019 • EIN 41-1644556

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

Organization ProfileWWW.OWATONNAINCUBATOR.COM
PO Box 505Owatonna, MN 55060

(507) 451-0517

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.03x

Higher debt load relative to assets than 70% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$41,120

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 19.5% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

57th percentile

6.1%

Faster asset growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$236,005

Up $13,595 (+6.1%) from 2018

Net Assets

Up

$229,147

Up $54,023 (+31%) from 2018

Liabilities

Down

$6,858

Down $40,428 (-85%) from 2018

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin81st percentile

Revenue

Up

$210,379

Up $40,335 (+24%) from 2018

Expenses

Up

$156,356

Up $36,275 (+30%) from 2018

Net Income

Up

$54,023

Up $4,060 (+8.1%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $182,262Liabilities 2011: $2,181Net Assets 2011: $180,0812011Assets 2012: $150,342Liabilities 2012: $2,243Net Assets 2012: $148,0992012Assets 2013: $86,006Liabilities 2013: $2,0472013Assets 2014: $56,060Liabilities 2014: $17,0622014Assets 2015: $53,393Liabilities 2015: $2,181Net Assets 2015: $51,2122015Assets 2016: $99,051Liabilities 2016: $3,752Net Assets 2016: $95,2992016Assets 2017: $129,143Liabilities 2017: $3,982Net Assets 2017: $125,1612017Assets 2018: $222,410Liabilities 2018: $47,286Net Assets 2018: $175,1242018Assets 2019: $236,005Liabilities 2019: $6,858Net Assets 2019: $229,1472019Assets 2020: $255,624Liabilities 2020: $4,592Net Assets 2020: $251,0322020Assets 2021: $314,065Liabilities 2021: $4,693Net Assets 2021: $309,3722021Assets 2022: $410,846Liabilities 2022: $5,118Net Assets 2022: $405,7282022Assets 2023: $450,178Liabilities 2023: $6,789Net Assets 2023: $443,3892023Assets 2024: $364,554Liabilities 2024: $7,766Net Assets 2024: $356,7882024

Highlighted filing

2019

Assets$236,005
Liabilities$6,858
Net Assets$229,147
Open 2019 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $183,671Expenses 2011: $159,372Net Income 2011: $24,2992011Revenue 2012: $132,299Expenses 2012: $155,281Net Income 2012: -$22,9822012Revenue 2013: $91,212Expenses 2013: $155,352Net Income 2013: -$64,1402013Revenue 2014: $90,658Expenses 2014: $134,994Net Income 2014: -$44,3362014Revenue 2015: $145,445Expenses 2015: $133,231Net Income 2015: $12,2142015Revenue 2016: $174,905Expenses 2016: $130,818Net Income 2016: $44,0872016Revenue 2017: $155,800Expenses 2017: $125,938Net Income 2017: $29,8622017Revenue 2018: $170,044Expenses 2018: $120,081Net Income 2018: $49,9632018Revenue 2019: $210,379Expenses 2019: $156,356Net Income 2019: $54,0232019Revenue 2020: $198,881Expenses 2020: $176,996Net Income 2020: $21,8852020Revenue 2021: $201,328Expenses 2021: $142,988Net Income 2021: $58,3402021Revenue 2022: $229,357Expenses 2022: $133,001Net Income 2022: $96,3562022Revenue 2023: $235,748Expenses 2023: $198,087Net Income 2023: $37,6612023Revenue 2024: $281,902Expenses 2024: $368,503Net Income 2024: -$86,6012024

Highlighted filing

2019

Revenue$210,379
Expenses$156,356
Net Income$54,023
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.0
Gross Receipts
$210,379
Mission and Program Overview

Mission

Promotion of economic development through reduced facility costs and mentorship of start up businesses and facilitating growth of existing businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$192,713$209,885▲ $17,172
Land, Buildings, and Equipment, Net$16,380$15,915▼ $465
Accounts Receivable$13,317$10,205▼ $3,112
Total Assets$222,410$236,005▲ $13,595
Liabilities
Other Liabilities$3,886$5,207▲ $1,321
Accounts Payable and Accrued Expenses$43,400$1,651▼ $41,749
Total Liabilities$47,286$6,858▼ $40,428
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$175,124$229,147▲ $54,023
Total Net Assets Fund Balance$175,124$229,147▲ $54,023
Total Liabilities and Net Assets / Fund Balance$222,410$236,005▲ $13,595

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$65,850$65,850
Leasehold Improvements$10,594$38,998$49,592
Other Land Buildings$5,321$9,248$14,569
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
William OwensExecutive DiFT$41,120$41,120

Board Members and Trustees

NameTitle
Tammy SchmollPresident
Ben CassDirector
Dave PfiefferDirector
Greg JohnsonDirector
Kenneth JohnsonDirector
Mark BockDirector
Mike BeckmanDirector
Nathan DotsonDirector
Reagan WestDirector
Kris BusseEx-officio
Doug VossSecretary
Tim KluenderTreasurer
Joe EffertzVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$59,000
Program Service Revenue
$151,373
Investment Income
$6
Other Revenue
$0
All Other Contributions
$59,000
Change in Net Assets
$54,023
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,062
Salaries, Compensation, and Employee Benefits$46,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$83,427--$83,427
Current Officers, Directors, Trustees, and Key Employees$30,429$10,691-$41,120
Advertising$5,667$1,682-$7,349
Conferences and Meetings$3,916$2,125-$6,041
Depreciation Depletion$4,699--$4,699
Office Expenses$2,339$2,194-$4,533
Payroll Taxes$2,467$823-$3,290
Other Salaries and Wages$1,394$490-$1,884
Insurance$735$552-$1,287
Fees for Services Accounting$595--$595
Travel$269$270-$539
Information Technology-$280-$280
Other Expenses$508$154-$154
Total Functional Expenses$137,095$19,261$0$156,356
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$4,000
Payroll and Sales Tax Liability$1,207
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Owatonna Business Incubator Inc
EIN
41-1644556
Phone
5074510517
Address
PO BOX 505, OWATONNA, MN 55060

Signing Officer

Name
William Owens
Title
Executive Director
Phone
5074510517
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Owens
Voting Board Members
13
Independent Board Members
13
Employees
2

Preparer

Firm
Struss Cpas Pc
Address
PO BOX 372, OWATONNA, MN 55060
Preparer
Daniel a Struss
Phone
5074510611
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0112587
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt065850
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065850
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010594
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt038998
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt049592
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05321
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09248
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014569
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11207
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL AND SALES TAX LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015915
IRS990ScheduleD/TotalLiabilityAmt05207
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0222410
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IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019261
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0210379
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IRS990/TravelGrp/ManagementAndGeneralAmt0270
IRS990/TravelGrp/ProgramServicesAmt0269
IRS990/TravelGrp/TotalAmt0539
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.OWATONNAINCUBATOR.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM OWENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05074510517
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OWATONNA BUSINESS INCUBATOR INC
ReturnHeader/Filer/BusinessNameControlTxt0OWAT
ReturnHeader/Filer/EIN0411644556
ReturnHeader/Filer/PhoneNum05074510517
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 505
ReturnHeader/Filer/USAddress/CityNm0OWATONNA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-11-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:28:10
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271590985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STRUSS CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 372
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OWATONNA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055060
ReturnHeader/PreparerPersonGrp/PhoneNum05074510611
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL A STRUSS
ReturnHeader/ReturnTs02020-11-11T16:28:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$236,005
Liabilities
$6,858
Net assets
$229,147
Revenue
$210,379
Expenses
$156,356
Net income
$54,023
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.65$0.08$3.57$2.82$3.69$0.87
2023Detailed filing. Detailed filing data is available for this year.$4.50$0.07$4.43$2.36$1.98$0.38
2022Detailed filing. Detailed filing data is available for this year.$4.11$0.05$4.06$2.29$1.33$0.96
2021Detailed filing. Detailed filing data is available for this year.$3.14$0.05$3.09$2.01$1.43$0.58
2020Detailed filing. Detailed filing data is available for this year.$2.56$0.05$2.51$1.99$1.77$0.22
2019Detailed filing. Detailed filing data is available for this year.$2.36$0.07$2.29$2.10$1.56$0.54
2018Detailed filing. Detailed filing data is available for this year.$2.22$0.47$1.75$1.70$1.20$0.50
2017Detailed filing. Detailed filing data is available for this year.$1.29$0.04$1.25$1.56$1.26$0.30
2016Detailed filing. Detailed filing data is available for this year.$0.99$0.04$0.95$1.75$1.31$0.44
2015Detailed filing. Detailed filing data is available for this year.$0.53$0.02$0.51$1.45$1.33$0.12
2014Summary only. Only limited summary data is available for this year.$0.56$0.17$0.91$1.35$0.44
2013Summary only. Only limited summary data is available for this year.$0.86$0.02$0.91$1.55$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.02$1.48$1.32$1.55$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.02$1.80$1.84$1.59$0.24