Totals
- Total revenue
- $1,292,753
- Total expenses
- $1,282,815
- Contributions and grants received
- $1,243,280
- Grants paid
- $43,000
- Program service revenue
- $44,920
- Investment income
- $2,232
- Other revenue
- $2,321
- Total assets, end of year
- $709,194
- Total liabilities, end of year
- $48,026
- Net assets or fund balances, end of year
- $661,168
- Program services expenses (Part IX)
- $976,211
- Management and general expenses
- $297,791
- Fundraising expenses
- $8,813
- Program service expenses (Part III)
- $976,211
Program services were 76.1% 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.
-
1e · Government grants (contributions)
$1,159,024
-
1f · All other contributions, gifts and grants
$84,256
-
1g · Noncash contributions included above
$10,469
-
2a · Program service revenue: PROGRAM OFFICE SPACE
total $23,484 · related or exempt $23,484
-
2b · Program service revenue: SBDC INCOME
total $21,436 · related or exempt $21,436
-
3 · Investment income
total $2,232 · excluded $2,232
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $2,321 · excluded $2,321
-
11e · Other revenue, total
$2,321
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $43,000 · program services $43,000
-
5 · Compensation of officers, directors and key employees
total $107,371 · program services $107,371
-
7 · Other salaries and wages
total $554,730 · program services $446,533 · management and general $108,197
-
8 · Pension plan contributions
total $12,552 · program services $9,570 · management and general $2,982
-
9 · Other employee benefits
total $34,735 · program services $27,270 · management and general $7,465
-
10 · Payroll taxes
total $52,581 · program services $43,787 · management and general $8,794
-
11c · Fees: accounting
total $24,074 · management and general $24,074
-
11g · Fees: other
total $213,686 · program services $195,135 · management and general $9,738 · fundraising $8,813
-
12 · Advertising and promotion
total $20,928 · management and general $20,928
-
13 · Office expenses
total $49,600 · program services $39,505 · management and general $10,095
-
14 · Information technology
total $17,976 · program services $16,961 · management and general $1,015
-
16 · Occupancy
total $50,412 · program services $19,858 · management and general $30,554
-
17 · Travel
total $12,652 · program services $10,647 · management and general $2,005
-
19 · Conferences, conventions and meetings
total $3,967 · program services $3,246 · management and general $721
-
22 · Depreciation, depletion and amortization
total $8,644 · management and general $8,644
-
23 · Insurance
total $8,629 · management and general $8,629
-
24a · Other expenses: BAD DEBT EXPENSE
total $50,000 · management and general $50,000
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $14,536 · program services $11,920 · management and general $2,616
-
24c · Other expenses: MISCELLANEOUS
total $2,742 · program services $1,408 · management and general $1,334
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $365,743 · end of year $54,170
-
3 · Pledges and grants receivable
beginning of year $302,305 · end of year $597,367
-
4 · Accounts receivable
beginning of year $1,488 · end of year $1,843
-
9 · Prepaid expenses and deferred charges
beginning of year $5,228 · end of year $16,800
-
10a · Land, buildings and equipment: cost or other basis
$79,128
-
10b · Land, buildings and equipment: accumulated depreciation
$40,114
-
10c · Land, buildings and equipment, net
beginning of year $23,793 · end of year $39,014
-
17 · Accounts payable and accrued expenses
beginning of year $32,888 · end of year $46,241
-
19 · Deferred revenue
beginning of year $660 · end of year $1,785
-
25 · Other liabilities
beginning of year $13,779 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $634,023 · end of year $661,168
-
28 · Net assets with donor restrictions
beginning of year $17,207 · end of year $0
Mission and programs · 2024
Mission
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.
Activities or mission (Part I)
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.
-
WE SERVE ENTREPRENEURS WITH EDUCATION, RESOURCES AND CONNECTIONS TO DRIVE THEIR SUCCESS.2024 PROGRAM IMPACT:1,074 ENTREPRENEURS SERVED BY RED WING IGNITE THROUGHOUT THE 11 COUNTY REGION OF SE MINNESOTA21% ENTREPRENEURS SERVED SELF IDENTIFY AS BIPOC OR FROM A TRIBAL COMMUNITY (WELL ABOVE CENSUS PARITY)36 BUSINESSES LAUNCHED31 COLLABORATIVE PARTNER ORGANIZATIONS WORKED WITH ON GRANT ACTIVITIES98 BUSINESS SUPPORT WORKSHOPS 195 ENTREPRENEURS RECEIVED CUSTOMIZED ASSISTANCE 96% OF ENTREPRENEUR SURVEY RESPONSES INDICATE PARTICIPATION RESULTED IN INCREASED CAPACITY FOR BUSINESS ADVANCEMENT 46 BUSINESS MENTORS CONNECTED TO ENTREPRENEURS24 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
Expenses $976,211 · Grants $43,000 · Revenue $44,920
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tom DrazkowskiTOM DRAZKOWSKI
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Paul KrampPAUL KRAMP
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Beth BenikeBETH BENIKE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Matthew LessardMATTHEW LESSARD
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Tawonda BurksTAWONDA BURKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Atiq BhattiATIQ BHATTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian CarlsonBRIAN CARLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacy NimmoSTACY NIMMO
EXECUTIVE DIRECTOR
- Total calculated
- $107,371
- From this org
- $92,195
- From related orgs
- $0
- Other
- $15,176
- Hours/week
- 50
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
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543179349305019
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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