Civic Intelligence

Minnwest Technology Foundation

EIN 77-0704901 • 501(c)3 • Willmar, MN

Profile

The minnwest technology's purpose is to provide scholarships for students going into stem (science, technology, engineering, math) fields, to promote stem in our region, and to provide community enrichment opportunities. The foundation will also promote advancement in the fields of biotechnology, bio-science, agri-business, renewable energy, engineering and chemistry for the state of minnesota. The minnwest technology foundation hopes that the long-term benefits will include a stronger pool of employees in this area and within the state of minnesota, which, in turn, will make the state more competitive within the aforementioned fields of industry.

1700 Technology Drive NEWillmar, MN 56201

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

75th percentile

21%

Higher net margin than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

96th percentile

231%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

39th percentile

-13%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$12,092

Up $8,442 (+231%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$12,092

Up $8,442 (+231%) from 2024

Revenue

Down

$40,005

Down $6,032 (-13%) from 2024

Expenses

Down

$31,563

Down $22,381 (-41%) from 2024

Net Income

Up

$8,442

Up $16,349 (+207%) from 2024

Trend Graphs

Balance Sheet Trend

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

$100K$50K$0Assets 2013: $36,092Liabilities 2013: $2752013Assets 2014: $98,425Liabilities 2014: $1,0582014Assets 2015: $68,973Liabilities 2015: $5,364Net Assets 2015: $63,6092015Assets 2016: $50,298Liabilities 2016: $17,5192016Assets 2017: $13,023Liabilities 2017: $10,4502017Assets 2018: $16,120Liabilities 2018: $17,0442018Assets 2019: $16,123Liabilities 2019: $02019Assets 2020: $12,035Liabilities 2020: $209Net Assets 2020: $11,8262020Assets 2021: $18,173Net Assets 2021: $18,1732021Assets 2022: $37,811Net Assets 2022: $37,8112022Assets 2023: $11,557Liabilities 2023: $0Net Assets 2023: $11,5572023Assets 2024: $3,650Liabilities 2024: $0Net Assets 2024: $3,6502024Assets 2025: $12,092Liabilities 2025: $0Net Assets 2025: $12,0922025

Highlighted filing

2025

Assets$12,092
Liabilities$0
Net Assets$12,092

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2013: $86,752Expenses 2013: $69,224Net Income 2013: $17,5282013Revenue 2014: $141,988Expenses 2014: $80,438Net Income 2014: $61,5502014Revenue 2015: $65,609Expenses 2015: $99,367Net Income 2015: -$33,7582015Revenue 2016: $50,992Expenses 2016: $81,822Net Income 2016: -$30,8302016Revenue 2017: $38,833Expenses 2017: $69,039Net Income 2017: -$30,2062017Revenue 2018: $28,501Expenses 2018: $31,998Net Income 2018: -$3,4972018Revenue 2019: $46,882Expenses 2019: $29,835Net Income 2019: $17,0472019Revenue 2020: $24,002Expenses 2020: $28,299Net Income 2020: -$4,2972020Revenue 2021: $39,507Expenses 2021: $33,160Net Income 2021: $6,3472021Revenue 2022: $51,257Expenses 2022: $31,619Net Income 2022: $19,6382022Revenue 2023: $40,045Expenses 2023: $66,299Net Income 2023: -$26,2542023Revenue 2024: $46,037Expenses 2024: $53,944Net Income 2024: -$7,9072024Revenue 2025: $40,005Expenses 2025: $31,563Net Income 2025: $8,4422025

Highlighted filing

2025

Revenue$40,005
Expenses$31,563
Net Income$8,442

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Jan 31, 2026
Return Version
2024v5.5
Gross Receipts
$40,005
Mission and Program Overview

Mission

The minnwest technology's purpose is to provide scholarships for students going into stem (science, technology, engineering, math) fields, to promote stem in our region, and to provide community enrichment opportunities. The foundation will also promote advancement in the fields of biotechnology, bio-science, agri-business, renewable energy, engineering and chemistry for the state of minnesota. The minnwest technology foundation hopes that the long-term benefits will include a stronger pool of employees in this area and within the state of minnesota, which, in turn, will make the state more competitive within the aforementioned fields of industry.

Program Services

DescriptionGrantsExpenses
PARTNERS IN AG INNOVATION CONFERENCE - THE FOUNDATION HOSTS AN ANNUAL AG INNOVATION CONFERENCE TO PROMOTE EDUCATION AND INFORMATION IN THE AGRICULTURAL ARENA. IT INCLUDES NATIONAL EXPERTS AND PANELS TO DISCUSS TODAY'S OPPORTUNITIES IN THIS AREA.$0$22,288
THE FOUNDATION PROVIDES SCHOLARSHIPS AND GRANTS TO COMMUNITY MEMBERS FOR VARIOUS INITIATIVES, INCLUDING THE STEM FIELD.$4,200$4,200
UNIVERSITY OF MN - THE FOUNDATION IS DEDICATED TO ADVANCING STEM EDUCATION. WE APPROACH THIS IN PART BY PURCHASING LAB EQUIPMENT TO HELP OUTFIT A UNIVERSITY OF MN OUTREACH CENTER THAT IS USED BY PROFESSORS AND STUDENTS. DURING THE FISCAL YEAR, LAB EQUIPMENT WORTH $1,700 WAS PURCHASED AS PART OF MINNWEST TECHNOLOGY FOUNDATION'S SUPPORT U OF MN.$0$1,700
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BETH WOSMEKCFO/Treasurer-$0--
CHRIS GORANSPresident-$0--
Filing and Contact Details

Filer

Filer Name
Minnwest Technology Foundation
EIN
77-0704901
Phone
3202229750
Address
1700 TECHNOLOGY DRIVE NE, WILLMAR, MN 56201

Signing Officer

Name
Beth Wosmek
Title
CFO/treasurer
Phone
3202229750
Signed
2026-01-31
Discuss with paid preparer
Yes

Preparer

Firm
Redpath and Company LLC
Address
400 ROBERT ST N SUITE 1600, ST PAUL, MN 55101
Preparer
Cathy a Lydon CPA
Phone
6514267000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 5.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: conferences, conventions, & meetings. Amount: 22,288. Description: program expenses. Amount: 1,700. Description: bank charges. Amount: 35. Total to form 990-ez, line 16: 24,023.

Form 990-ez, Part V, Line 33

Minnwest technology foundation provides support to university of mn in advancing stem education; this year, by purchasing lab equipment.

Raw XML Appendix153 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.

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IRS990EZ/PrimaryExemptPurposeTxt0THE MINNWEST TECHNOLOGY'S PURPOSE IS TO PROVIDE SCHOLARSHIPS FOR STUDENTS GOING INTO STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) FIELDS, TO PROMOTE STEM IN OUR REGION, AND TO PROVIDE COMMUNITY ENRICHMENT OPPORTUNITIES. THE FOUNDATION WILL ALSO PROMOTE ADVANCEMENT IN THE FIELDS OF BIOTECHNOLOGY, BIO-SCIENCE, AGRI-BUSINESS, RENEWABLE ENERGY, ENGINEERING AND CHEMISTRY FOR THE STATE OF MINNESOTA. THE MINNWEST TECHNOLOGY FOUNDATION HOPES THAT THE LONG-TERM BENEFITS WILL INCLUDE A STRONGER POOL OF EMPLOYEES IN THIS AREA AND WITHIN THE STATE OF MINNESOTA, WHICH, IN TURN, WILL MAKE THE STATE MORE COMPETITIVE WITHIN THE AFOREMENTIONED FIELDS OF INDUSTRY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PARTNERS IN AG INNOVATION CONFERENCE - THE FOUNDATION HOSTS AN ANNUAL AG INNOVATION CONFERENCE TO PROMOTE EDUCATION AND INFORMATION IN THE AGRICULTURAL ARENA. IT INCLUDES NATIONAL EXPERTS AND PANELS TO DISCUSS TODAY'S OPPORTUNITIES IN THIS AREA.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2UNIVERSITY OF MN - THE FOUNDATION IS DEDICATED TO ADVANCING STEM EDUCATION. WE APPROACH THIS IN PART BY PURCHASING LAB EQUIPMENT TO HELP OUTFIT A UNIVERSITY OF MN OUTREACH CENTER THAT IS USED BY PROFESSORS AND STUDENTS. DURING THE FISCAL YEAR, LAB EQUIPMENT WORTH $1,700 WAS PURCHASED AS PART OF MINNWEST TECHNOLOGY FOUNDATION'S SUPPORT U OF MN.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 5.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: CONFERENCES, CONVENTIONS, & MEETINGS. AMOUNT: 22,288. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 1,700. DESCRIPTION: BANK CHARGES. AMOUNT: 35. TOTAL TO FORM 990-EZ, LINE 16: 24,023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MINNWEST TECHNOLOGY FOUNDATION PROVIDES SUPPORT TO UNIVERSITY OF MN IN ADVANCING STEM EDUCATION; THIS YEAR, BY PURCHASING LAB EQUIPMENT.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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