Liabilities / Assets
51st percentile
Higher debt load relative to assets than 51% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
51st percentile
Higher debt load relative to assets than 51% of similar nonprofits.
Liabilities / Revenue
39th percentile
Higher debt load relative to revenue than 39% of similar nonprofits.
Net Margin
41st percentile
Higher net margin than 41% of similar nonprofits.
Top Officer Pay
69th percentile
Higher top officer pay than 69% of similar nonprofits.
Top officer pay equals 8.3% of source-year revenue.
Asset Growth
42nd percentile
Faster asset growth than 42% of similar nonprofits.
Revenue Growth
60th percentile
Faster revenue growth than 60% of similar nonprofits.
Assets
Up$709,194
Up $10,637 (+1.5%) from 2023
Net Assets
Up$661,168
Up $9,938 (+1.5%) from 2023
Liabilities
Up$48,026
Up $699 (+1.5%) from 2023
Revenue
Up$1,292,753
Up $162,861 (+14%) from 2023
Expenses
Up$1,282,815
Up $288,961 (+29%) from 2023
Net Income
Down$9,938
Down $126,100 (-93%) from 2023
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.
Red wing ignite supports economic development and technological advancement in the eleven counties of se minnesota. We provide resources, support, education and networking opportunities to students, startups and entrepreneurs. Our mission is to create a thriving ecosystem that encourages innovation, job creation and sustainable growth.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $302,305 | $597,367 | ▲ $295,062 |
| Cash and Non-Interest-Bearing Accounts | $365,743 | $54,170 | ▼ $311,573 |
| Land, Buildings, and Equipment, Net | $23,793 | $39,014 | ▲ $15,221 |
| Prepaid Expenses and Deferred Charges | $5,228 | $16,800 | ▲ $11,572 |
| Accounts Receivable | $1,488 | $1,843 | ▲ $355 |
| Total Assets | $698,557 | $709,194 | ▲ $10,637 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $32,888 | $46,241 | ▲ $13,353 |
| Other Liabilities | $13,779 | $0 | ▼ $13,779 |
| Deferred Revenue | $660 | $1,785 | ▲ $1,125 |
| Total Liabilities | $47,327 | $48,026 | ▲ $699 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $634,023 | $661,168 | ▲ $27,145 |
| Net Assets With Donor Restrictions | $17,207 | $0 | ▼ $17,207 |
| Total Net Assets Fund Balance | $651,230 | $661,168 | ▲ $9,938 |
| Total Liabilities and Net Assets / Fund Balance | $698,557 | $709,194 | ▲ $10,637 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $39,014 | $40,114 | $79,128 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Stacy Nimmo | Executive Director | FT | $92,195 | $15,176 | $107,371 |
| Name | Title |
|---|---|
| Tom Drazkowski | Board Chair |
| Paul Kramp | Vice President |
| Atiq Bhatti | Director |
| Brian Carlson | Director |
| Tawonda Burks | Director |
| Beth Benike | Secretary |
| Matthew Lessard | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $761,969 |
| Other Expenses | $477,846 |
| Grants and Similar Amounts Paid | $43,000 |
| Total Fundraising Expense | $8,813 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $446,533 | $108,197 | - | $554,730 |
| Fees for Services Other | $195,135 | $9,738 | $8,813 | $213,686 |
| Current Officers, Directors, Trustees, and Key Employees | $107,371 | - | - | $107,371 |
| Payroll Taxes | $43,787 | $8,794 | - | $52,581 |
| Occupancy | $19,858 | $30,554 | - | $50,412 |
| Office Expenses | $39,505 | $10,095 | - | $49,600 |
| Grants to Domestic Individuals | $43,000 | - | - | $43,000 |
| Other Employee Benefits | $27,270 | $7,465 | - | $34,735 |
| Fees for Services Accounting | - | $24,074 | - | $24,074 |
| Advertising | - | $20,928 | - | $20,928 |
| Information Technology | $16,961 | $1,015 | - | $17,976 |
| Travel | $10,647 | $2,005 | - | $12,652 |
| Pension Plan Contributions | $9,570 | $2,982 | - | $12,552 |
| Depreciation Depletion | - | $8,644 | - | $8,644 |
| Insurance | - | $8,629 | - | $8,629 |
| Conferences and Meetings | $3,246 | $721 | - | $3,967 |
| Other Expenses | $1,408 | $1,334 | - | $2,742 |
| Total Functional Expenses | $976,211 | $297,791 | $8,813 | $1,282,815 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,490,150 |
| Expenses per Audited Statements | $1,282,815 |
| Total Expenses per Form 990 | $1,282,815 |
| Expenses Not Reported on Form 990 | $207,335 |
| Expenses Not Reported on Financial Statements | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“There are no committees with authority to act on behalf of the board of directors.”
“The treasurer will review the 990 with the entire board.”
“Each member reviews updates and signs conflict of interest policy on an annual basis. Potential conflicts of interest are brought up during board meetings when and if they occur.”
“Wages are compared to mn council of nonprofits wage study, o*net for our area along with comparable open job postings at other similar sized nonprofits in outstate and se minnesota. The process described here was last completed in 2024 and is reviewed & documented in the board minutes.”
“All forms available to public upon request”
“Contracted services: program service expenses 195,135. Management and general expenses 9,738. Fundraising expenses 8,813. Total expenses 213,686.”
“The organization is exempt from federal and state income taxes as an organization described in section 501(c)(3) of the internal revenue code (irc). The organization has evaluated its tax positions and has determined it has no uncertain tax positions as of december 31, 2024.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 32888 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 46241 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 1488 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 1843 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | RED WING IGNITE SUPPORTS ECONOMIC DEVELOPMENT AND TECHNOLOGICAL ADVANCEMENT IN THE ELEVEN COUNTIES OF SE MINNESOTA. WE PROVIDE RESOURCES, SUPPORT, EDUCATION AND NETWORKING OPPORTUNITIES TO STUDENTS, STARTUPS AND ENTREPRENEURS. OUR MISSION IS TO CREATE A THRIVING ECOSYSTEM THAT ENCOURAGES INNOVATION, JOB CREATION AND SUSTAINABLE GROWTH. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 20928 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 20928 |
| IRS990/AllOtherContributionsAmt | 0 | 84256 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | ELLEN HUTCHINSON |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6513272626 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 419 BUSH STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | RED WING |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55066 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 365743 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 54170 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 107371 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 107371 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 721 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 3246 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 3967 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1243280 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 43000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 2232 |
| IRS990/CYOtherExpensesAmt | 0 | 477846 |
| IRS990/CYOtherRevenueAmt | 0 | 2321 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 44920 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 9938 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 761969 |
| IRS990/CYTotalExpensesAmt | 0 | 1282815 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 8813 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1292753 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 660 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 1785 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 8644 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 8644 |
| IRS990/Desc | 0 | WE SERVE ENTREPRENEURS WITH EDUCATION, RESOURCES AND CONNECTIONS TO DRIVE THEIR SUCCESS.2024 PROGRAM IMPACT:1,074 ENTREPRENEURS SERVED BY RED WING IGNITE THROUGHOUT THE 11 COUNTY REGION OF SE MINNESOTA21% ENTREPRENEURS SERVED SELF IDENTIFY AS BIPOC OR FROM A TRIBAL COMMUNITY (WELL ABOVE CENSUS PARITY)36 BUSINESSES LAUNCHED31 COLLABORATIVE PARTNER ORGANIZATIONS WORKED WITH ON GRANT ACTIVITIES98 BUSINESS SUPPORT WORKSHOPS 195 ENTREPRENEURS RECEIVED CUSTOMIZED ASSISTANCE 96% OF ENTREPRENEUR SURVEY RESPONSES INDICATE PARTICIPATION RESULTED IN INCREASED CAPACITY FOR BUSINESS ADVANCEMENT 46 BUSINESS MENTORS CONNECTED TO ENTREPRENEURS24 ENTREPRENEURS PARTICIPATED IN BUSINESS ACCELERATOR PROGRAMMING MAJOR NATIONAL AND STATE RECOGNITION AND AWARDS: 2023 MN DEED DESIGNATION AS ENTREPRENEURIAL HUB IN SE MINNESOTA FOR THE LAUNCHMN PROGRAM 2022 EDA BUILD TO SCALE AWARD $4M. ONE OF EIGHT RURAL COMMUNITIES IN THE UNITED STATES TO BE AWARDED MINNEINNO BLAZER AWARD GIVEN BY TWIN CITIES BUSINESS MAGAZINE AS THE "TOP COMMUNITY BUILDER" IN MINNESOTA MN DEED SMALL BUSINESS PARTNERSHIP GRANT AWARDEE $436K2019 EDA I6 CHALLENGE GRANT AWARDEE $1.7M2018 SELECTED TO BE A PART OF THE CENTER ON RURAL INNOVATION INAUGURAL COHORT2014 FIRST RURAL COMMUNITY SELECTED BY US IGNITE AS A SMART CITY |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 17207 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 14 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 976211 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 24074 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 24074 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 8813 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 9738 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 195135 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 213686 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 15176 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | TOM DRAZKOWSKI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | PAUL KRAMP |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | BETH BENIKE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MATTHEW LESSARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | TAWONDA BURKS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ATIQ BHATTI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | BRIAN CARLSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | STACY NIMMO |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 92195 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2013 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GovernmentGrantsAmt | 0 | 1159024 |
| IRS990/GrantAmt | 0 | 43000 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 43000 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 43000 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1292753 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 1015 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 16961 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 17976 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 8629 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 8629 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 2232 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 2232 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 22 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 40114 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 23793 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 39014 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 79128 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | WE ADVANCE INNOVATION, TECHNOLOGY, AND ENTRERENEURS BY BRINGING TOGETHER LIKE-MINDED INDIVIDUALS TO CREATE A THRIVING COMMUNITY. WE PROVIDE RESOURCES, NETWORKS, AND NEEDED EXPERTISE FOR STUDENTS, STARTUPS, AND BUSINESSES TO SUCCEED. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 651230 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 661168 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 634023 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 661168 |
| IRS990/NoncashContributionsAmt | 0 | 10469 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 30554 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 19858 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 50412 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 10095 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 39505 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 49600 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 7465 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 27270 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 34735 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBT EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 1 | DUES AND SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 2 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 50000 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 2616 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 1334 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 11920 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1408 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 50000 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 14536 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 2742 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 13779 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISCELLANEOUS REVENUE |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 2321 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 2321 |
| IRS990/OtherRevenueTotalAmt | 0 | 2321 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 108197 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 446533 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 554730 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 8794 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 43787 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 52581 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 2982 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 9570 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 12552 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 302305 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 597367 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 5228 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 16800 |
| IRS990/PrincipalOfficerNm | 0 | MATTHEW LESSARD |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531120 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 561499 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROGRAM OFFICE SPACE |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | SBDC INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 23484 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 21436 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 23484 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 21436 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1082802 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 466955 |
| IRS990/PYOtherRevenueAmt | 0 | 3951 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 43139 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 136038 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 526899 |
| IRS990/PYTotalExpensesAmt | 0 | 993854 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1129892 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 9938 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 44920 |
| IRS990ScheduleA/CommunityTrustInd | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | OTHER INCOME - 2020 AMOUNT: $ 22,251. 2022 AMOUNT: $ 2,125. 2023 AMOUNT: $ 3,951. 2024 AMOUNT: $ 2,321. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1243280 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1082802 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1101288 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 534489 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 457668 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 4419527 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 2232 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 2232 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 161125 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 2321 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3951 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2125 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 22251 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 30648 |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.97360 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.95240 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 4334654 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 84873 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1243280 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1082802 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1101288 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 534489 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 457668 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 4419527 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 4452407 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 207335 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 207335 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 39014 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 40114 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 79128 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 207335 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1282815 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 207335 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1292753 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND HAS DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 39014 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1282815 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1292753 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1500088 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1490150 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 0 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 43000 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | ADVANCE ACCELERATOR GRANT |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 4 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE TREASURER WILL REVIEW THE 990 WITH THE ENTIRE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EACH MEMBER REVIEWS UPDATES AND SIGNS CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. POTENTIAL CONFLICTS OF INTEREST ARE BROUGHT UP DURING BOARD MEETINGS WHEN AND IF THEY OCCUR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | WAGES ARE COMPARED TO MN COUNCIL OF NONPROFITS WAGE STUDY, O*NET FOR OUR AREA ALONG WITH COMPARABLE OPEN JOB POSTINGS AT OTHER SIMILAR SIZED NONPROFITS IN OUTSTATE AND SE MINNESOTA. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024 AND IS REVIEWED & DOCUMENTED IN THE BOARD MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ALL FORMS AVAILABLE TO PUBLIC UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 195,135. MANAGEMENT AND GENERAL EXPENSES 9,738. FUNDRAISING EXPENSES 8,813. TOTAL EXPENSES 213,686. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART IX, LINE 11G |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 698557 |
| IRS990/TotalAssetsEOYAmt | 0 | 709194 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 698557 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 709194 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 1243280 |
| IRS990/TotalEmployeeCnt | 0 | 14 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 8813 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 297791 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 976211 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1282815 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 47327 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 48026 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 47327 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 48026 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 651230 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 661168 |
| IRS990/TotalOtherCompensationAmt | 0 | 15176 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 976211 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 44920 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 92195 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 4553 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 44920 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1292753 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 30 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 698557 |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.