2023-11-08T14:15:23-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2022-01-01 461469707 RED WING IGNITE REDW 6513272115 419 BUSH STREET RED WING MN 55066 MATTHEW LESSARD TREASURER 6513272115 2023-11-08 1 MATTHEW LESSARD 999009999 0 KATHERINE LUTZKE CPA P01760889 5072802300 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATTHEW LESSARD 419 BUSH STREET RED WING MN 55066 1143443 0 X WWW.REDWINGIGNITE.ORG X 2013 MN 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. 6 6 3 20 0 0 534489 1101288 33036 40030 0 0 0 2125 567525 1143443 0 0 0 0 172278 213515 0 0 0 382203 627223 554481 840738 13044 302705 108970 562326 1591 48514 107379 513812 X 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. 0 0 752759 0 42155 ADVANCING ENTREPRENEURS, STRENGTHENING OUR BUSINESS ENVIRONMENT, PARTNERING WITH REGIONAL, STATE AND NATIONAL NETWORKS. CONNECTING STUDENTS TO TECHNICAL TRAINING. NATIONAL RECOGNITION AND AWARDS: DESIGNATED AS A US IGNITE SMART CITY AND A CENTER OF RURAL INNOVATION (CORI) COMMUNITY, SELECTED FOR TWO CONGRESSIONALLY DIRECTED SPENDING GRANTS THROUGH THE US DEPARTMENT OF EDUCATION. COMPLETED THE US ECONOMIC DEVELOPMENT ADMINISTRATION I6CHALLENGE GRANT. ONE OF EIGHT RURAL COMMUNITIES IN THE UNITED STATES TO BE AWARDED THE HIGHLY COMPETITIVE US EDA BUILD TO SCALE GRANT, FOR THE MAXIMUM AWARD OF $4M IN OCTOBER OF 2022.STATE RECOGNITION AND AWARDS: MN DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (MN DEED) DESIGNATED AS THE REGIONAL HUB FOR SE MINNESOTA THROUGH THE LAUNCHMN PROGRAM. HELD TWO STATE GRANTS THROUGH MN DEED AND ONE STATE GRANT THROUGH MN DEPARTMENT OF LABOR AND INDUSTRY. 2022 PROGRAM IMPACT: 274 ENTREPRENEURS SERVED, 174 OF THEM NEW USERS OF OUR SERVICES | HOSTED 47 EDUCATIONAL WORKSHOPS AND NETWORKING EVENTS | DELIVERED 1,246 HOURS OF EDUCATIONAL PROGRAMMING TO 549 ATTENDEES | HOSTED REGIONAL PITCH COMPETITION WITH THE WINNER QUALIFYING FOR AUTOMATIC SEMIFINALIST STATUS AT THE MNCUPNEW PROGRAMMING IN 2022: PEER GROUPS IN RED WING AND CANNON FALLS, BUSINESS FOUNDATIONS SERIES, BUSINESS PLAN IN A DAY WORKSHOPS, UNDERSTANDING FINANCE WORKSHOP, ENTREPRENEURIAL MINDSET COHORT AND COACHING, E5 EVENTS: ENTREPRENEUR EVENINGS, EDUCATE, ENTERTAIN, ENGAGESTUDENT PROGRAMMING: YOUTH WOODWORKING - SERVED 24 STUDENTSYOUTH CODING LEAGUE - SERVED 5 SCHOOLS, 103 5-8TH GRADE STUDENTS AND 6 TEAMS TOOK HOME 7 PRIZE CATEGORIES IN THE NATIONAL COMPETITIONLEARN AND EARN PROGRAM - TECHNICAL TRAINING PROGRAM FOR 11TH AND 12TH GRADE STUDENTS WITH WORKSITE PLACEMENTS 0 0 0 BUSINESS TECHNICAL ASSISTANCE TO ENTREPRENEURSPROVIDED 105 ENTREPRENEURS WITH TECHNICAL BUSINESS ASSISTANCE WITH 450 HOURS OF 1:1 MENTORING AND SUPPORTAWARDED $67,400 IN TECHNICAL ASSISTANCE GRANT FUNDING 0 0 0 RWI CO-WORKING SPACEHOSTED A CO-WORKING SPACE TO WORK AND MEET. HOSTED 50+ EXTERNAL GROUPS THAT UTILIZED MEETING SPACE. WELCOMED 35+ COW-WORKING MEMBERS INCLUDING DROP-IN USERS. MANAGED ABOUT 8,000 SQ FEET OF OFFICES, CONFERENCE ROOMS AND AMENITIES. 752759 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X ELLEN HUTCHINSON 6513272115 419 BUSH ST RED WING MN 55066 PAUL KRAMP BOARD CHAIR 2.00 X X 0 0 0 TOM DRAZKOWSKI VICE CHAIR 2.00 X X 0 0 0 MATTHEW LESSARD TREASURER 5.00 X X 0 0 0 BETH BENIKE SECRETARY 1.00 X X 0 0 0 ATIQ BHATTI DIRECTOR 1.00 X 0 0 0 TAWONDA BURKS DIRECTOR 1.00 X 0 0 0 STACY NIMMO EXECUTIVE DIRECTOR 50.00 X 87708 0 5575 87708 0 5575 0 0 0 0 0 913677 187611 1101288 PROGRAM OFFICE SPACE 531120 24253 24253 SBDC INCOME 561499 15777 15777 40030 MISCELLANEOUS REVENUE 900099 2125 2125 2125 1143443 42155 0 0 X 93283 93283 92665 91824 841 3197 984 2213 9434 1833 7601 14936 8735 6201 10813 10813 486498 469192 17306 12926 12926 63310 58496 4814 8256 8053 203 8812 5779 3033 12090 6913 5177 8354 4326 4028 3175 3175 5116 5116 DUES AND SUBSCRIPTIONS 4562 1437 3125 TRAINING 1676 1651 25 MISCELLANEOUS 1635 253 1382 840738 752759 87979 0 105105 114030 407230 8977 338 5000 53766 26677 3527 27089 108970 562326 45480 1591 3034 1591 48514 X 107379 513812 107379 513812 108970 562326 302705 103728 0 X 0 1 X 1 0 X 190412 327648 457668 534489 1101288 2611505 190412 327648 457668 534489 1101288 2611505 150764 2460741 17641 24403 22251 2125 66420 2677925 73066 0.91890 0.90200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 17,641. 2019 AMOUNT: $ 24,403. 2020 AMOUNT: $ 22,251. 2022 AMOUNT: $ 2,125. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53766 26677 27089 27089 FISCAL AGENT PASS THROUGH 3034 3034 1217693 74250 74250 1143443 0 1143443 914990 74252 74252 840738 0 840738 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS REVIEW FORM 990 BEFORE SUBMISSION FORM 990, PART VI, SECTION B, LINE 12C 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. FORM 990, PART VI, SECTION B, LINE 15A 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 2022. FORM 990, PART VI, SECTION C, LINE 19 ALL FORMS AVAILABLE TO PUBLIC UPON REQUEST FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 469,192. MANAGEMENT AND GENERAL EXPENSES 17,306. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 486,498.