Civic Intelligence

Minnwest Technology Foundation

990EZ • Fiscal year 2022 • EIN 77-0704901

Oct 01, 2021 to Sep 30, 2022 • Filed on Jan 31, 2023

1700 Technology Dr NEWillmar, MN 56201

(320) 222-9750

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

84th percentile

38%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

92nd percentile

108%

Faster asset growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

30%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$37,811

Up $19,638 (+108%) from 2021

Net Assets

Up

$37,811

Up $19,638 (+108%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$51,257

Up $11,750 (+30%) from 2021

Expenses

Down

$31,619

Down $1,541 (-4.6%) from 2021

Net Income

Up

$19,638

Up $13,291 (+209%) from 2021

Historical Trend

Balance Sheet Trend

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

$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

2022

Assets$37,811
Liabilities-
Net Assets$37,811

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$51,257
Expenses$31,619
Net Income$19,638
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jan 31, 2023
Return Version
2021v4.2
Gross Receipts
$51,257
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.

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
AG AND ANIMAL SCIENCE CONFERENCE-$24,621
OTHER PROGRAM SERVICE EXPENSES-SCHOLARSHIPS AND MISC.$1,500-
KANDIYOHI CTY. AND CITY OF WILLMAR ECONOMIC DEVELOPMENT COMMISSION - STUDENT CEO PROGRAM-DONATION/SPONSORSHIPS$1,100-
COMMUNITY DEVELOPMENT- YMCA CAPITAL CAMPAIGN$1,000-
UNIVERSITYOF MINN. STEM PROGRAM- DONATION OF FUNDS FOR TECHNOLOGY EQUIP.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES SIEBENPresident-$0--
BETH WOSMEKCFO Treasurer-$0--
SCOTT NORLINGSecretary-$0--
MARC GORANSDirector-$0--
KIM GORANSDirector-$0--
RICHARD HUISINGADirector-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Beth Wosmek
Title
Treasurer
Phone
3202229750
Signed
2023-01-31
Discuss with paid preparer
Yes

Preparer

Firm
JAMES M RUFF INC-CPA'S
Address
2015 1ST ST S, WILLMAR, MN 56201
Preparer
James M Ruff CPA
Phone
3202351002
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part III, Line 31

OTHER PROGRAM SERVICE EXPENSES-SCHOLARSHIPS AND MISC. Grants and allocations 1,500, Program service expenses 0

Form 990-EZ, Part III, Line 31

KANDIYOHI CTY. AND CITY OF WILLMAR ECONOMIC DEVELOPMENT COMMISSION - STUDENT CEO PROGRAM-DONATION/SPONSORSHIPS Grants and allocations 1,100, Program service expenses 0

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

Conferences, conventions, and meetings 24,621

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

ADVERTISING 1,613

Raw XML Appendix165 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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Filings