2024-11-08T16:37:11-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2023-01-01 461469707 RED WING IGNITE REDW 6513272626 419 BUSH STREET RED WING MN 55066 MATTHEW LESSARD TREASURER 6513272626 2024-10-28 1 0 KATHERINE LUTZKE CPA P01760889 5072802300 2024-10-28 2023 2024-10-15 13:58:12Z MATTHEW LESSARD 419 BUSH STREET RED WING MN 55066 1129892 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. 8 8 7 30 0 0 1101288 1082802 40030 43139 0 0 2125 3951 1143443 1129892 0 0 0 0 213515 526899 0 0 6400 627223 466955 840738 993854 302705 136038 562326 698557 48514 47327 513812 651230 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 882274 0 47090 WE SERVE ENTREPRENEURS WITH EDUCATION, RESOURCES AND CONNECTIONS TO DRIVE THEIR SUCCESS.2023 PROGRAM IMPACT:1,072 ENTREPRENEURS SERVED BY RED WING IGITE THROUGHOUT THE 11 COUNTY REGION OF SE MINNESOTA26% ENTREPRENEURS SERVED SELF IDENTIFY AS BIPOC OR FROM A TRIBAL COMMUITY (WELL ABOVE CENSUS PARITY)66 BUSINESSES LAUNCHED26 COLLABORATIVE PARTNER ORGANIZATIONS WORKED WITH ON GRANT ACTIVITIES113 BUSINESS SUPPORT WORKSHOPS 266 ENTREPRENEURS RECEIVED CUSTOMIZED ASSISTANCE 80% OF ENTREPRENEUR SUREVY RESPONSES INDICATE PARTICIPATION RESULTED IN INCREASED CAPACITY FOR BUSINESS ADVANCEMENT 20 BUSINESS MENTORS CONNECTED TO ENTREPRENEURS12 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 882274 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 27 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 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 TOM DRAZKOWSKI BOARD CHAIR 2.00 X X 0 0 0 PAUL KRAMP VICE PRESIDENT 2.00 X X 0 0 0 BETH BENIKE SECRETARY 1.00 X X 0 0 0 MATTHEW LESSARD TREASURER 5.00 X X 0 0 0 TAWONDA BURKS DIRECTOR 1.00 X 0 0 0 ATIQ BHATTI DIRECTOR 1.00 X 0 0 0 BRIAN CARLSON DIRECTOR 1.00 X 0 0 0 STACY NIMMO EXECUTIVE DIRECTOR 50.00 X 99930 0 5234 99930 0 5234 0 0 0 0 0 948281 134521 10571 1082802 PROGRAM OFFICE SPACE 531120 26857 26857 SBDC INCOME 561499 16282 16282 43139 MISCELLANEOUS REVENUE 900099 3951 3951 3951 1129892 47090 0 0 X 105164 105164 351961 325062 26899 3455 3187 268 32138 29976 2162 34181 32147 2034 49216 8400 40816 298787 286337 6050 6400 5591 5591 42538 37688 4850 8201 7780 421 17075 17075 18936 15635 3301 7249 4957 2292 6172 6172 2960 2960 DUES AND SUBSCRIPTIONS 7443 7443 OTHER 2787 1423 1364 993854 882274 105180 6400 114030 365743 407230 302305 8977 1488 5000 5228 55263 31470 27089 23793 562326 698557 45480 32888 660 3034 13779 48514 47327 X 513812 634023 17207 513812 651230 562326 698557 136038 1380 0 X 0 1 X 1 0 X 327648 457668 534489 1101288 1082802 3503895 327648 457668 534489 1101288 1082802 3503895 116601 3387294 24403 22251 2125 3951 52730 3556625 116205 0.95240 0.91890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 24,403. 2020 AMOUNT: $ 22,251. 2022 AMOUNT: $ 2,125. 2023 AMOUNT: $ 3,951. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55263 31470 23793 23793 FISCAL AGENT PASS THROUGH 13779 13779 X 1325411 195519 195519 1129892 0 1129892 1189373 195519 195519 993854 0 993854 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND HAS DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023. 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 2023. 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 286,337. MANAGEMENT AND GENERAL EXPENSES 6,050. FUNDRAISING EXPENSES 6,400. TOTAL EXPENSES 298,787.