Civic Intelligence

Finnovation Institute

EIN 85-4329890 • 501(c)3 • Roseville, MN

Profile

To provide educational programs and tangible support to impact-driven entrepreneurs and build a vibrant and inclusive community of successful social businesses in the twin cities region, generating meaningful social and economic impact in our region and beyond.

PO Box 13616Roseville, MN 55113

www.finn-lab.com

Siviq Scores

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

Liabilities / Assets

80th percentile

0.14x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

2.06x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

1st percentile

-10533%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$89,915

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 1681.3% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

12th percentile

-77%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

29th percentile

-23%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$78,243

Down $558,785 (-88%) from 2023

Liabilities

Up

$11,001

Up $4,501 (+69%) from 2023

Net Assets

Down

$67,242

Down $563,286 (-89%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin1st percentile

Revenue

Down

$5,348

Down $15,685 (-75%) from 2023

Expenses

Down

$568,634

Down $271,696 (-32%) from 2023

Net Income

Up

-$563,286

Up $256,011 (+31%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

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

$3.0M$2.0M$1.0M$0Assets 2021: $2,238,793Liabilities 2021: $9,991Net Assets 2021: $2,228,8022021Assets 2022: $1,451,826Liabilities 2022: $2,001Net Assets 2022: $1,449,8252022Assets 2023: $637,028Liabilities 2023: $6,500Net Assets 2023: $630,5282023Assets 2024: $78,243Liabilities 2024: $11,001Net Assets 2024: $67,2422024

Highlighted filing

2024

Assets$78,243
Liabilities$11,001
Net Assets$67,242
Open 2024 Filing

Operations Trend

Revenue Growth29th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $2,577,302Expenses 2021: $348,500Net Income 2021: $2,228,8022021Revenue 2022: $9,097Expenses 2022: $788,074Net Income 2022: -$778,9772022Revenue 2023: $21,033Expenses 2023: $840,330Net Income 2023: -$819,2972023Revenue 2024: $5,348Expenses 2024: $568,634Net Income 2024: -$563,2862024

Highlighted filing

2024

Revenue$5,348
Expenses$568,634
Net Income-$563,286
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,243
Liabilities
$11,001
Net assets
$67,242
Revenue
$5,348
Expenses
$568,634
Net income
-$563,286
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.08$0.01$0.07$0.01$0.57$0.56
2023Detailed filing. Detailed filing data is available for this year.$0.64$0.01$0.63$0.02$0.84$0.82
2022Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.01$0.79$0.78
2021Detailed filing. Detailed filing data is available for this year.$2.24$0.01$2.23$2.58$0.35$2.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.0
Gross Receipts
$5,348
Mission and Program Overview

Mission

To provide educational programs and tangible support to impact-driven entrepreneurs and build a vibrant and inclusive community of successful social businesses in the twin cities region, generating meaningful social and economic impact in our region and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$634,805$56,146▼ $578,659
Cash and Non-Interest-Bearing Accounts$2,223$22,097▲ $19,874
Total Assets$637,028$78,243▼ $558,785
Liabilities
Accounts Payable and Accrued Expenses$6,500$11,001▲ $4,501
Total Liabilities$6,500$11,001▲ $4,501
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$630,528$67,242▼ $563,286
Total Net Assets Fund Balance$630,528$67,242▼ $563,286
Total Liabilities and Net Assets / Fund Balance$637,028$78,243▼ $558,785
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Connie RutledgeCEOFT$40,000$49,915$89,915

Board Members and Trustees

NameTitle
Jacqueline BerglundBoard Chair
Renay DossmanBoard Memebe
Kari Niedfeldt-thomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,847
Other Revenue
$501
Change in Net Assets
$-563,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$267,437
Other Expenses$261,197
Salaries, Compensation, and Employee Benefits$40,000
Total Fundraising Expense$3,172
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$267,437--$267,437
Fees for Services Other$68,445$2,000-$70,445
Current Officers, Directors, Trustees, and Key Employees$40,000--$40,000
Fees for Services Management$10,754$9,516$3,172$23,442
Advertising$12,535--$12,535
Other Expenses$9,947--$9,947
Fees for Services Accounting$776--$776
Office Expenses$456--$456
Total Functional Expenses$553,946$11,516$3,172$568,634
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Director/chairOverhead ChargeNo$89,262
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

“Form 990 will be reviewed at a regularly scheduled board meeting”

Form 990, Page 6, Part VI, Line 12C

“All directors have a duty to disclose potential conflicts. Once disclosed, remaining board members decide if a conflict exists. If it is determined, procedures exist to remove the interested person from discussion, votes and transactions that create the conflict.”

Form 990, Page 6, Part VI, Line 15A

“Use of publicly available comparable salary data based on years of experience, areas of expertise, and job description.”

Form 990, Page 6, Part VI, Line 15B

“Use of publicly available comparable salary data based on years of experience, areas of expertise, and job description.”

Form 990, Page 6, Part VI, Line 19

“These documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Finnovation Institute
EIN
85-4329890
Phone
6122321994
Address
PO BOX 13616, ROSEVILLE, MN 55113

Signing Officer

Name
Jacqueline Berglund
Title
Board Chair
Phone
6122321994
Signed
2025-05-01

Organization Details

Principal Officer
Connie Rutledge
Formed
2020
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Harrington Langer & Associates
Address
563 PHALEN BLVD, SAINT PAUL, MN 55130
Preparer
Nichole Fairbanks
Phone
6514811128
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To provide educational programs and tangible support to impact-driven entrepreneurs and build a vibrant and inclusive community of successful social businesses in the twin cities region, generating meaningful social and economic impact in our region and beyond.”

Form 990, Part IX, Line 11G

“Other fees 68,445 2,000 0”

Raw XML Appendix306 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06500
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011001
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE EDUCATIONAL PROGRAMS AND TANGIBLE SUPPORT TO IMPACT-DRIVEN ENTREPRENEURS AND BUILD A VIBRANT AND INCLUSIVE COMMUNITY OF SUCCESSFUL SOCIAL BUSINESSES IN THE TWIN CITIES REGION, GENERATING MEANINGFUL SOCIAL AND ECONOMIC IMPACT IN OUR REGION AND BEYOND.
IRS990/AdvertisingGrp/ProgramServicesAmt012535
IRS990/AdvertisingGrp/TotalAmt012535
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0CONNIE RUTLEDGE
IRS990/BooksInCareOfDetail/PhoneNum06122321994
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 13616
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROSEVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055113
IRS990/BusinessRlnWith35CtrlEntInd0true
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02223
IRS990/CashNonInterestBearingGrp/EOYAmt022097
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt040000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt040000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0267437
IRS990/CYInvestmentIncomeAmt04847
IRS990/CYOtherExpensesAmt0261197
IRS990/CYOtherRevenueAmt0501
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-563286
IRS990/CYSalariesCompEmpBnftPaidAmt040000
IRS990/CYTotalExpensesAmt0568634
IRS990/CYTotalFundraisingExpenseAmt03172
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05348
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0NINE EARLY-STAGE SOCIAL ENTREPRENEURS COMPLETED A NINE-MONTH PROGRAM IN JUNE 2024. CURRICULUM, MENTORSHIP, COACHING AND WORKSPACE WERE PROVIDED THROUGHOUT THE YEAR TO THE COHORT. IN ADDITION, 18 ALUMNI OF THE PROGRAM PARTICIPATED IN LEADERSHIP ROUNDTABLES THROUGHOUT THE YEAR.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0553946
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0776
IRS990/FeesForServicesAccountingGrp/TotalAmt0776
IRS990/FeesForServicesManagementGrp/FundraisingAmt03172
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt09516
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt010754
IRS990/FeesForServicesManagementGrp/TotalAmt023442
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt02000
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt068445
IRS990/FeesForServicesOtherGrp/TotalAmt070445
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt035.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt01350
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0CONNIE RUTLEDGE
IRS990/Form990PartVIISectionAGrp/PersonNm1JACQUELINE BERGLUND
IRS990/Form990PartVIISectionAGrp/PersonNm2RENAY DOSSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3KARI NIEDFELDT-THOMAS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt040000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt048565
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMEBE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt0267437
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0267437
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0267437
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt05348
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04847
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04847
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE EDUCATIONAL PROGRAMS AND TANGIBLE SUPPORT TO IMPACT-DRIVEN ENTREPRENEURS AND BUILD A VIBRANT AND INCLUSIVE COMMUNITY OF SUCCESSFUL SOCIAL BUSINESSES IN THE TWIN CITIES REGION, GENERATING MEANINGFUL SOCIAL AND ECONOMIC IMPACT IN OUR REGION AND BEYOND.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0630528
IRS990/NetAssetsOrFundBalancesEOYAmt067242
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0630528
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt067242
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt0456
IRS990/OfficeExpensesGrp/TotalAmt0456
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0CURRICULUM
IRS990/OtherExpensesGrp/Desc1ALUMNI SUPPORT
IRS990/OtherExpensesGrp/Desc2EVALUATION FEES
IRS990/OtherExpensesGrp/Desc3EVENTS
IRS990/OtherExpensesGrp/ProgramServicesAmt070093
IRS990/OtherExpensesGrp/ProgramServicesAmt158503
IRS990/OtherExpensesGrp/ProgramServicesAmt215000
IRS990/OtherExpensesGrp/ProgramServicesAmt39947
IRS990/OtherExpensesGrp/TotalAmt070093
IRS990/OtherExpensesGrp/TotalAmt158503
IRS990/OtherExpensesGrp/TotalAmt215000
IRS990/OtherExpensesGrp/TotalAmt39947
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0501
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0501
IRS990/OtherRevenueTotalAmt0501
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CONNIE RUTLEDGE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06265
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0477000
IRS990/PYInvestmentIncomeAmt014768
IRS990/PYOtherExpensesAmt0363330
IRS990/PYRevenuesLessExpensesAmt0-819297
IRS990/PYTotalExpensesAmt0840330
IRS990/PYTotalRevenueAmt021033
IRS990/ReconcilationRevenueExpnssAmt0-563286
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0634805
IRS990/SavingsAndTempCashInvstGrp/EOYAmt056146
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06265
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04767
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02586000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02597032
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt015748
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02597032
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06265
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04767
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02586000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02597032
IRS990ScheduleA/TotalSupportAmt02597032
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0267437
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FELLOWSHIP STIPEND
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt09
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0JACQUELINE BERGLUNDFINN LAB
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR/CHAIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt089262
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0OVERHEAD CHARGE
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE EDUCATIONAL PROGRAMS AND TANGIBLE SUPPORT TO IMPACT-DRIVEN ENTREPRENEURS AND BUILD A VIBRANT AND INCLUSIVE COMMUNITY OF SUCCESSFUL SOCIAL BUSINESSES IN THE TWIN CITIES REGION, GENERATING MEANINGFUL SOCIAL AND ECONOMIC IMPACT IN OUR REGION AND BEYOND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WILL BE REVIEWED AT A REGULARLY SCHEDULED BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DIRECTORS HAVE A DUTY TO DISCLOSE POTENTIAL CONFLICTS. ONCE DISCLOSED, REMAINING BOARD MEMBERS DECIDE IF A CONFLICT EXISTS. IF IT IS DETERMINED, PROCEDURES EXIST TO REMOVE THE INTERESTED PERSON FROM DISCUSSION, VOTES AND TRANSACTIONS THAT CREATE THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3USE OF PUBLICLY AVAILABLE COMPARABLE SALARY DATA BASED ON YEARS OF EXPERIENCE, AREAS OF EXPERTISE, AND JOB DESCRIPTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4USE OF PUBLICLY AVAILABLE COMPARABLE SALARY DATA BASED ON YEARS OF EXPERIENCE, AREAS OF EXPERTISE, AND JOB DESCRIPTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER FEES 68,445 2,000 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0637028
IRS990/TotalAssetsEOYAmt078243
IRS990/TotalAssetsGrp/BOYAmt0637028
IRS990/TotalAssetsGrp/EOYAmt078243
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03172
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011516
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0553946
IRS990/TotalFunctionalExpensesGrp/TotalAmt0568634
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06500
IRS990/TotalLiabilitiesEOYAmt011001
IRS990/TotalLiabilitiesGrp/BOYAmt06500
IRS990/TotalLiabilitiesGrp/EOYAmt011001
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0630528
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt067242
IRS990/TotalOtherCompensationAmt01350
IRS990/TotalProgramServiceExpensesAmt0553946
IRS990/TotalReportableCompFromOrgAmt040000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05348
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05348
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0637028
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt078243
IRS990/TotReportableCompRltdOrgAmt048565
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 13616
IRS990/USAddress/CityNm0ROSEVILLE
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055113
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.FINNOVATIONINSTITUTE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JACQUELINE BERGLUND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06122321994
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FINNOVATION INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0FINN
ReturnHeader/Filer/EIN0854329890
ReturnHeader/Filer/PhoneNum06122321994
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 13616
ReturnHeader/Filer/USAddress/CityNm0ROSEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055113
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411532347
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARRINGTON LANGER & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0563 PHALEN BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAINT PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055130
ReturnHeader/PreparerPersonGrp/PhoneNum06514811128
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NICHOLE FAIRBANKS
ReturnHeader/ReturnTs02025-05-13T16:17:44-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.