Civic Intelligence

Red Wing Ignite

990EZ • Fiscal year 2016 • EIN 46-1469707

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 13, 2017

419 Bush StreetRed Wing, MN 55066

(651) 237-2115

Siviq Scores

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

Liabilities / Assets

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

10th percentile

-40%

Higher net margin than 10% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

10th percentile

-46%

Faster asset growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

13th percentile

-38%

Faster revenue growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$42,784

Down $36,221 (-46%) from 2015

Net Assets

Down

$41,950

Down $36,448 (-46%) from 2015

Liabilities

Up

$834

Up $227 (+37%) from 2015

Revenue

Down

$92,075

Down $56,808 (-38%) from 2015

Expenses

Up

$128,523

Up $26,004 (+25%) from 2015

Net Income

Down

-$36,448

Down $82,812 (-179%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $41,998Liabilities 2013: $1,302Net Assets 2013: $40,6962013Assets 2014: $34,305Liabilities 2014: $2,271Net Assets 2014: $32,0342014Assets 2015: $79,005Liabilities 2015: $607Net Assets 2015: $78,3982015Assets 2016: $42,784Liabilities 2016: $834Net Assets 2016: $41,9502016Assets 2017: $25,192Liabilities 2017: $1,782Net Assets 2017: $23,4102017Assets 2018: $38,797Liabilities 2018: $1,132Net Assets 2018: $37,6652018Assets 2019: $105,884Liabilities 2019: $4,349Net Assets 2019: $101,5352019Assets 2020: $99,918Liabilities 2020: $5,583Net Assets 2020: $94,3352020Assets 2021: $108,970Liabilities 2021: $1,591Net Assets 2021: $107,3792021Assets 2022: $562,326Liabilities 2022: $48,514Net Assets 2022: $513,8122022Assets 2023: $698,557Liabilities 2023: $47,327Net Assets 2023: $651,2302023Assets 2024: $709,194Liabilities 2024: $48,026Net Assets 2024: $661,1682024

Highlighted filing

2016

Assets$42,784
Liabilities$834
Net Assets$41,950

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $165,911Expenses 2013: $125,215Net Income 2013: $40,6962013Revenue 2014: $94,125Expenses 2014: $102,787Net Income 2014: -$8,6622014Revenue 2015: $148,883Expenses 2015: $102,519Net Income 2015: $46,3642015Revenue 2016: $92,075Expenses 2016: $128,523Net Income 2016: -$36,4482016Revenue 2017: $90,050Expenses 2017: $108,590Net Income 2017: -$18,5402017Revenue 2018: $208,053Expenses 2018: $193,798Net Income 2018: $14,2552018Revenue 2019: $352,051Expenses 2019: $288,181Net Income 2019: $63,8702019Revenue 2020: $497,817Expenses 2020: $505,017Net Income 2020: -$7,2002020Revenue 2021: $567,525Expenses 2021: $554,481Net Income 2021: $13,0442021Revenue 2022: $1,143,443Expenses 2022: $840,738Net Income 2022: $302,7052022Revenue 2023: $1,129,892Expenses 2023: $993,854Net Income 2023: $136,0382023Revenue 2024: $1,292,753Expenses 2024: $1,282,815Net Income 2024: $9,9382024

Highlighted filing

2016

Revenue$92,075
Expenses$128,523
Net Income-$36,448
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 13, 2017
Return Version
2016v3.0
Gross Receipts
$92,075
Mission and Program Overview

Mission

Red wing ignite is an organization that provides co-working space, business accelarator and a test bed environment for entrepreneurs, developers and small business. Our goal is to help provide the needed resources to help businesses grow and flourish in our community.

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
SEE SCHEDULE O-$116,174
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVE JONASDirector-$0--
PAUL KRAMPTreasurer-$0--
TOM WOLNERDirector-$0--
STEVE BETCHERDirector-$0--
MARK CORONNAChair-$0--
GARY EVANSVice Chair-$0--
JACOB GOODDirector-$0--
BILL SWEASYDirector-$0--
ART KENYONSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Red Wing Ignite
EIN
46-1469707
Address
419 BUSH STREET, RED WING, MN 55066

Signing Officer

Name
Paul Kramp
Title
Treasurer
Phone
6513272115
Signed
2017-09-13
Discuss with paid preparer
No

Preparer

Firm
Wentz Accounting & Tax Service LTD
Address
610 Main Street Suite B, Red Wing, MN 55066
Preparer
Jeni Wentz
Phone
6518002000
Supplemental Narrative

Additional Explanations

General explanation attachment

Form 990-ez, part iii, primary exempt purpose - we advance innovation, technology and entrepreneurs by brining together like-minded individuals to create a thriving community. We provide resources, networks and needed expertise for students, startups and businesses to succeed.form 990-ez, part iii, line 28 program service accomplishments:we advance innovation, technology and entrepreneurs by brining together like-minded individuals to create a thriving community. We provide resources, networks and needed expertise for students, startups and businesses to succeed. Our efforts are focused in three primary areas: supporting business acceleration, growing our economy and developling the workforce of tomorrow. We supported 21 new and innovative businesses by connecting them to resources and expertise, hosted 17 events for businesses to learn and network, connected businesses to mentors, technical advisors and customers in over 500 mentoring hours and held the 1st annual ignite cup showcasing entrepreneurs in southern minnesota.we strengthended our community by coordinating a technology network to increase resources and information for businesses, convened with government, schools, businesses and community tosupport students, entreprenuers and businesses, implemented 18 initiatives focused on marketing, innocation and preparing students for the workforce, and attracted and recruited 30+ potential businesses. We engaged students and professionals to increase learning opportunities, advanced 3 college tech interns that saved 4 businesses over $100,000. Engaged 50+ students and volunteers in coderdojo to learn many programming languages, taught 18+ high school students to be a tech entrepreneur, implemented coding curriculum for over 400 middle school students, sponsored a steam advisor and convened a steam network.

Description of other expenses Part I line 16

Description amountdepreciation from 4562 3,059program meetings and events 7,762marketing expenses 11,854supplies 2,370internet/phone 4,678miscellaneous 597repairs and maintenance 1,352website expenses 1,898payroll tax 3,060business expenses 696insurance 4,816travel 4,586

Description of other assets Part II line 24

Category beginning of year end of yearfurniture and equipment 9,514 10,819

Description of total liabilities Part II line 26

Category beginning of year end of yearpayroll liabilities 607 834

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990-EZ, PART III, PRIMARY EXEMPT PURPOSE - WE ADVANCE INNOVATION, TECHNOLOGY AND ENTREPRENEURS BY BRINING TOGETHER LIKE-MINDED INDIVIDUALS TO CREATE A THRIVING COMMUNITY. WE PROVIDE RESOURCES, NETWORKS AND NEEDED EXPERTISE FOR STUDENTS, STARTUPS AND BUSINESSES TO SUCCEED.FORM 990-EZ, PART III, LINE 28 PROGRAM SERVICE ACCOMPLISHMENTS:WE ADVANCE INNOVATION, TECHNOLOGY AND ENTREPRENEURS BY BRINING TOGETHER LIKE-MINDED INDIVIDUALS TO CREATE A THRIVING COMMUNITY. WE PROVIDE RESOURCES, NETWORKS AND NEEDED EXPERTISE FOR STUDENTS, STARTUPS AND BUSINESSES TO SUCCEED. OUR EFFORTS ARE FOCUSED IN THREE PRIMARY AREAS: SUPPORTING BUSINESS ACCELERATION, GROWING OUR ECONOMY AND DEVELOPLING THE WORKFORCE OF TOMORROW. WE SUPPORTED 21 NEW AND INNOVATIVE BUSINESSES BY CONNECTING THEM TO RESOURCES AND EXPERTISE, HOSTED 17 EVENTS FOR BUSINESSES TO LEARN AND NETWORK, CONNECTED BUSINESSES TO MENTORS, TECHNICAL ADVISORS AND CUSTOMERS IN OVER 500 MENTORING HOURS AND HELD THE 1ST ANNUAL IGNITE CUP SHOWCASING ENTREPRENEURS IN SOUTHERN MINNESOTA.WE STRENGTHENDED OUR COMMUNITY BY COORDINATING A TECHNOLOGY NETWORK TO INCREASE RESOURCES AND INFORMATION FOR BUSINESSES, CONVENED WITH GOVERNMENT, SCHOOLS, BUSINESSES AND COMMUNITY TOSUPPORT STUDENTS, ENTREPRENUERS AND BUSINESSES, IMPLEMENTED 18 INITIATIVES FOCUSED ON MARKETING, INNOCATION AND PREPARING STUDENTS FOR THE WORKFORCE, AND ATTRACTED AND RECRUITED 30+ POTENTIAL BUSINESSES. WE ENGAGED STUDENTS AND PROFESSIONALS TO INCREASE LEARNING OPPORTUNITIES, ADVANCED 3 COLLEGE TECH INTERNS THAT SAVED 4 BUSINESSES OVER $100,000. ENGAGED 50+ STUDENTS AND VOLUNTEERS IN CODERDOJO TO LEARN MANY PROGRAMMING LANGUAGES, TAUGHT 18+ HIGH SCHOOL STUDENTS TO BE A TECH ENTREPRENEUR, IMPLEMENTED CODING CURRICULUM FOR OVER 400 MIDDLE SCHOOL STUDENTS, SPONSORED A STEAM ADVISOR AND CONVENED A STEAM NETWORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTDEPRECIATION FROM 4562 3,059PROGRAM MEETINGS AND EVENTS 7,762MARKETING EXPENSES 11,854SUPPLIES 2,370INTERNET/PHONE 4,678MISCELLANEOUS 597REPAIRS AND MAINTENANCE 1,352WEBSITE EXPENSES 1,898PAYROLL TAX 3,060BUSINESS EXPENSES 696INSURANCE 4,816TRAVEL 4,586
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARFURNITURE AND EQUIPMENT 9,514 10,819
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARPAYROLL LIABILITIES 607 834
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