2025-11-12T12:17:09-06:00 2024-12-31 463220328 AKINS HENKE AND COMPANY 600 INWOOD AVENUE NORTH SUITE 140 OAKDALE MN 55128 990 2024-01-01 320685806 MNSBIR INC MNSB 6126691274 2322 TOWERVIEW CIRCLE BLOOMINGTON MN 55431 PATSY DILLON PRESIDENT AND CEO 6126691274 2025-11-06 1 1 CHRIS J HENKE P01008921 6516363806 2025-11-06 2024 2025-03-06 01:10:19Z PATSY DILLON 2322 TOWERVIEW CIRCLE BLOOMINGTON MN 55431 464536 0 X WWW.MINNESOTASBIR.ORG X 2021 MN MNSBIR, INC. IS DEDICATED TO ADVANCING SCIENTIFIC EXCELLENCE AND TECHNOLOGICAL INNOVATION TO BOLSTER MINNESOTA'S ECONOMY WHILE FOSTERING OPPORTUNITIES FOR ALL. 7 6 1 0 0 0 299036 451515 5000 13021 0 0 35 0 304071 464536 0 0 0 0 171372 199979 0 0 0 190867 241698 362239 441677 -58168 22859 1134018 161129 1218896 126914 -84878 34215 X TO EMPOWER MN SMALL BUSINESSES TO TRANSFORM THEIR NOVEL TECHNOLOGIES INTO REVENUE-GENERATING PRODUCTS AND SERVICES TO DRIVE INNOVATION, CREATE JOBS, AND STIMULATE ECONOMIC GROWTH THROUGH FEDERAL RESEARCH AND DEVELOPMENT FUNDING WITH A CONCENTRATED FOCUS ON THE SMALL BUSINESS INNOVATION RESEARCH AND SMALL BUSINESS TECHNOLOGY TRANSFER PROGRAMS. 0 0 377511 13021 MNSBIR, INC. EMPOWERS MN SMALL BUSINESSES TO TRANSFORM THEIR NOVEL TECHNOLOGIES INTO REVENUE-GENERATING PRODUCTS AND SERVICES TO DRIVE INNOVATION, CREATE JOBS, AND STIMULATE ECONOMIC GROWTH THROUGH FEDERAL RESEARCH AND DEVELOPMENT FUNDING WITH A CONCENTRATED FOCUS ON THE SMALL BUSINESS INNOVATION RESEARCH AND SMALL BUSINESS TECHNOLOGY TRANSFER PROGRAMS. MNSBIR, INC. WAS ABLE TO ASSIST MN BUSINESSES IN SECURING $34,401,062 IN FEDERAL AWARDS IN 2024. CLIENTS SERVED: 346 CLIENTS, PHASE I AWARDS $5,005,673 (20) AND PHASE II AWARDS $29,340,390 (22). SUBSET OF SBIR/STTR PHASE I AWARDS WON BY UNDERSERVED CLIENTS $294,543 (1) AND SBIR/STTR PHASE II AWARDS BY UNDERSERVED CLIENTS $8,369,566 (4). 377511 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 19 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 MN X TAUNIA GORKA 6512474754 21750 IDEAL AVENUE FOREST LAKE MN 55025 PATSY DILLON PRESIDENT AND CEO 40.00 X X 145000 0 3382 BRIAN BROCKWAY BOARD CHAIR 1.00 X X 0 0 0 MICHAEL WRIGHT TREASURER 1.00 X X 0 0 0 PATRICE KLOSS SECRETARY 1.00 X X 0 0 0 JOHN HOBDAY BOARD MEMBER 1.00 X 0 0 0 JEFF LITER BOARD MEMBER 1.00 X 0 0 0 DIANE RUCKER BOARD MEMBER 1.00 X 0 0 0 TAUNIA GORKA VP FINANCE AND ADMINISTRATION 13.00 X 40000 0 0 185000 0 3382 1 0 0 0 0 441515 10000 451515 PROGRAM AND WORKSHOP F 541900 13021 13021 13021 464536 13021 0 0 X 188382 149544 38838 11597 10437 1160 214921 193429 21492 4772 4295 477 6243 5619 624 5610 5049 561 4490 4041 449 MEMBERSHIPS AND SUBSCRI 5461 4915 546 BANK AND FINANCE CHARGE 201 182 19 441677 377511 64166 0 33515 37155 1000 1001 1095000 119382 4503 3591 1134018 161129 108896 126914 1095000 15000 1218896 126914 X -84878 34215 -84878 34215 1134018 161129 22859 96234 0 X 0 1 X 0 0 X 305528 464536 770064 305528 464536 770064 770064 35 35 770099 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 509536 45000 45000 464536 0 464536 486677 45000 45000 441677 0 441677 PART X, LINE 2: MNSBIR INC. IS DESIGNATED AS A NON-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUTE. IT IS THE POLICY OF MNSBIR, INC., IN ACCORDANCE WITH U.S. GAAP, TO ASSESS ANY UNCERTAIN TAX POSITIONS AND, IF NECESSARY, RECORD A LIABILITY AND RELATED INCOME TAX EXPENSE FOR ANY UNCERTAIN TAX POSITIONS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY MNSBIR, INC. AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 RETURN IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THEN A FINAL VERSION IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW. ONCE APPROVED BY THE BOARD OF DIRECTORS, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. IN ADDITION, AT EACH BOARD MEETING, A LIST OF NEW CLIENTS ARE SHARED TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A A COMPREHENSIVE REVIEW OF SIMILIAR TITLE AND RESPONSIBILITIES WAS CONDUCTED AND REVIEWED BY THE BOARD IN SETTING THE COMPENSATION FOR THE PRESIDENT AND CEO POSITION. A BOARD RESOLUTION IS REQUIRED TO MAKE CHANGES TO THE COMPENSATION AND BENEFITS PACKAGE. A NORMAL REVIEW OF COMPENSATION IS SCHEDULED AS PART OF THE ANNUAL OPERATING BUDGET. SUCH BUDGET REQUIRES BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 MNSBIR INC. DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANICAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 193,429. MANAGEMENT AND GENERAL EXPENSES 21,492. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 214,921.