Red Wing Ignite
- Assets
- $99.9k
- Revenue
- $497.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Red Wing, MN
- Founding
- 08/2014
- Data as of
- 12/2020
- EIN
- 46-1469707
Organization Overview
Red Wing Ignite is located in Red Wing, MN. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2020, Red Wing Ignite employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Wing Ignite is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Red Wing Ignite generated $497.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $505.0k during the year ending 12/2020. While expenses have increased by 30.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTING STUDENTS TO BUSINESSES:- AWARDED A GRANT FROM DEPARTMENT OF LABOR AND INDUSTRY ONLY 1 IN 5 PILOTS IN MN- FORMED, LED AND CONVENED 7 SCHOOL DISTRICTS, 20 STUDENTS, 14 BUSINESSES AND MN STATE SE- CERTIFIED 18 STUDENTS WITH AN INDUSTRY RECOGNIZED CREDENTIAL (OSHA 10)- FACILITATED 3RD ANNUAL PAID TECH INTERNSHIP- CONNECTED 2 COLLEGE STUDENTS TO LOCAL BUSINESSES
ADVANCING OUR ENTREPRENEURS, STRENGTHENING OUR BUSINESS ENVIRONMENT, PARTNERING WITH REGIONAL, STATE, AND NATIONAL NETWORKS:- SERVED AS STATEWIDE HUB FOR US IGNITE AND NATIONAL SCIENCE FOUNDATION (IGNITE MN)- CREATED AND LAUNCHED AN AGRICULTURE TECH CHALLENGE- LED AND ORGANIZED A 11-COUNTY PILOT IN SOUTHERN MN- INTRODUCED 8 BUSINESSES TO GOLDEN TRIANGLE FUND- HOSTED 7 INVESTOR EVENTS AND MEETINGS- AWARDED THE FOLLOWING GRANTS FOR EXPANSION OF PROGRAMMING: I6 EDA FEDERAL GRANT, MN DEED GRANT FOR FUNDING A LEARN STARTUP SCHOOL. HELD AN AG-TECH CHALLENGE REVERSE PITCH COMPETITION AND NAMED A WINNER. FEATURED IN BUSINESS INSIDER AND HOSTED THOMAS FREIDMAN. SELECTED BY CENTER ON RURAL INNOVATION. TESTIFIED INFRONT OF CONGRESS REGARDING RURAL INNOVATION.
HOSTING A CO-WORKING SPACE TO WORK AND MEET:- HOSTED 300+ MEETINGS- WELCOMED 21+ CO-WORKING MEMBERS- MANAGED ABOUT 8,000 SQUARE FEET OF OFFICES, CONFERENCE ROOMS AND AMENITIES.-MANAGING A REGIONAL MAKERSPACE: RECRUITED 5 LAB MANAGERS - SECURED ADDITIONAL WOODWORKING TOOLS-PARTNERED WITH MN STATE COLLEGE SE FOR DESIGNATED SPACE TO LEARN, CREATE & INNOVATE. RECEIVED XCEL ENERGY GRANT FRO MAKERSPACE OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Nimmo Executive Director | OfficerTrustee | 40 | $0 |
Dave Jonas Chair | OfficerTrustee | 1 | $0 |
Paul Kramp Treasurer | OfficerTrustee | 1 | $0 |
Tom Wolner Secretary | OfficerTrustee | 1 | $0 |
Adam Gettings Vice Chair | OfficerTrustee | 1 | $0 |
Tom Drazkowski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $380,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $475,566 |
| Total Program Service Revenue | $22,251 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $497,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,076 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,614 |
| Compensation of current officers, directors, key employees. | $31,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,828 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,849 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $289,773 |
| Advertising and promotion | $12,802 |
| Office expenses | $14,116 |
| Information technology | $12,798 |
| Royalties | $0 |
| Occupancy | $3,422 |
| Travel | $1,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,786 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,859 |
| Insurance | $4,345 |
| All other expenses | $622 |
| Total functional expenses | $505,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,720 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,198 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,918 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,583 |
| Total liabilities | $5,583 |
| Net assets without donor restrictions | $94,335 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $99,918 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Red Wing Ignite has recieved totaling $43,334.
| Awarding Organization | Amount |
|---|---|
Red Wing Shoe Company Foundation Red Wing, MN PURPOSE: COMMUNITY DEVELOPMENT | $33,334 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: EDUCATION GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of North Central Wisc Inc Menasha, WI | $88,771,633 | $81,283,932 |
Catholic Charities Of The Archdiocese Of St Paul & Mpls St Paul, MN | $180,924,652 | $74,331,650 |
Hawkeye Area Community Action Program Inc Hiawatha, IA | $14,892,193 | $63,434,127 |
Community Advocates Inc Milwaukee, WI | $18,692,383 | $54,333,478 |
Lutheran Social Services Of Wisconsin And Upper Michigan West Allis, WI | $89,212,422 | $59,977,625 |
South Metro Human Services St Paul, MN | $24,939,611 | $41,757,961 |
Parents In Community Action Minneapolis, MN | $14,134,015 | $37,230,373 |
Innovative Services Inc Green Bay, WI | $4,761,789 | $25,201,501 |
Lutheran Social Services Of South Dakota Sioux Falls, SD | $22,221,819 | $25,937,236 |
Project For Pride In Living Inc Minneapolis, MN | $29,922,760 | $30,071,909 |
Inter-Lakes Community Action Partnership Inc Madison, SD | $10,023,464 | $21,798,461 |
Catholic Charities Of The Diocese Of St Cloud St Cloud, MN | $15,523,133 | $20,074,695 |