Twin Cities Innovation Alliance
- Assets
- $758.1k
- Revenue
- $458.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Minneapolis, MN
- Founding
- 06/2017
- Data as of
- 06/2024
- EIN
- 82-1701598
Organization Overview
Twin Cities Innovation Alliance is located in Minneapolis, MN. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Twin Cities Innovation Alliance employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Cities Innovation Alliance 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 06/2024, Twin Cities Innovation Alliance generated $458.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $655.9k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TCIA DELIVERS FISCAL SPONSORSHIP TO A GROWING NUMBER OF CHARITABLE PROJECTS WITHIN THE TWIN CITIES AND BEYOND
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marika Pfefferkorn Founder Board Member | Trustee | 40 | $78,115 |
Aasim Shabazz Founder Board Member | Trustee | 40 | $102,000 |
Damola Obigunde Board Member | Trustee | 5 | $0 |
Talaya Tolefree Board Member | Trustee | 3 | $0 |
Jonelle Ellis Board Member | Trustee | 3 | $0 |
Ishmael Isreal Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,896 |
| Total Program Service Revenue | $449,113 |
| 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 | $458,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $187,539 |
| Compensation of current officers, directors, key employees. | $102,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,543 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,550 |
| Payroll taxes | $49,209 |
| Fees for services: Management | $226,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,296 |
| Office expenses | $30,007 |
| Information technology | $5,466 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $34,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $655,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $736,855 |
| 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 | $21,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $758,095 |
| Accounts payable and accrued expenses | $487 |
| 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 | $0 |
| Total liabilities | $487 |
| Net assets without donor restrictions | $757,608 |
| 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 | $758,095 |