Skip to content
Nonprofiteer
← TWIN CITIES INNOVATION ALLIANCE

Form 990 for tax year 2023

Filed by TWIN CITIES INNOVATION ALLIANCE.

Totals

Total revenue
$458,009
Total expenses
$655,898
Contributions and grants received
$8,896
Grants paid
$0
Program service revenue
$449,113
Investment income
$0
Other revenue
$0
Total assets, end of year
$758,095
Total liabilities, end of year
$487
Net assets or fund balances, end of year
$757,608
Program services expenses (Part IX)
$395,445
Management and general expenses
$260,453
Fundraising expenses
$0
Program service expenses (Part III)
$385,445

Program services were 60.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $8,896

  • 2a · Program service revenue: Data 4 Public Good

    total $444,933 · related or exempt $444,933

  • 2f · All other program service revenue

    total $4,180 · related or exempt $4,180

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $187,539 · program services $85,539 · management and general $102,000

  • 7 · Other salaries and wages

    total $77,543 · program services $77,543

  • 9 · Other employee benefits

    total $13,550 · management and general $13,550

  • 10 · Payroll taxes

    total $49,209 · management and general $49,209

  • 11a · Fees: management

    total $226,200 · program services $201,200 · management and general $25,000

  • 12 · Advertising and promotion

    total $2,296 · program services $1,148 · management and general $1,148

  • 13 · Office expenses

    total $30,007 · program services $12,971 · management and general $17,036

  • 14 · Information technology

    total $5,466 · management and general $5,466

  • 16 · Occupancy

    total $30,000 · management and general $30,000

  • 17 · Travel

    total $34,088 · program services $17,044 · management and general $17,044

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $941,304 · end of year $736,855

  • 10a · Land, buildings and equipment: cost or other basis

    $21,240

  • 10c · Land, buildings and equipment, net

    beginning of year $21,240 · end of year $21,240

  • 17 · Accounts payable and accrued expenses

    beginning of year $716 · end of year $487

  • 27 · Net assets without donor restrictions

    beginning of year $961,828 · end of year $757,608

Mission and programs · 2023

Mission

Build and develop a problem-solving ecosystem fueled by critical mass of diverse, highly engaged residents, policymakers, entrepreneurs to transforming them into innovators, purveyors, beneficiaries of change.

Activities or mission (Part I)

TCIA delivers fiscal sponsorship to a growing number of charitable projects within the Twin Cities and beyond

  • Data 4 Public Good is a collective space where we share insights, learnings, and have conversations on topics including: Digital justice afrofuturism, data and data privacy, AI and much more. We aim to tap into the collective power of community-based changemaking through Technology, Democracy and justice. TCIA co-powering innovation in the community to host dynamic conversations with the community. TCIA provides resources, tools and strategies to activate communities and network to communicate transparency and accountability. Our collective work has benefit all communities across the nation that benefits minorities and people of color to grow their information grow and empower their ability grow their businesses and family.

    Expenses $372,637

  • Data 4 Public Good Conference is a collective community space where we share insights, learnings, and have conversation on topics including Digital just, Aftofuturism, Data privacy, AI and much more. Conference focus on the importance of democracy in technolgy for protecting our civil liberties, ownership and privacy rights. TCIA share insight into actionable strategies and models to activate in communities. The conference expand participant network by connecting with varios topics.

    Expenses $12,808

As filed on the 2023 return.

Listed in Part VII

  • Marika Pfefferkorn

    Founder Board Member

    Total calculated
    $78,115
    From this org
    $78,115
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Aasim Shabazz

    Founder Board Member

    Total calculated
    $102,000
    From this org
    $102,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Damola Obigunde

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Talaya Tolefree

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Jonelle Ellis

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Ishmael Isreal

    Board Member

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
27 August 2024
IRS schema version
2023v5.1
Source object
202412409349301951

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.