2025-02-01T17:22:38-05:00 2023-12-31 Knobel Tax Service 7671 Central Ave NE Minneapolis MN 55432 990 2023-01-01 320685806 MNSBIR Inc MNSB 2322 Towerview Circle Bloomington MN 554314023 Patsy Dillon President and C 6126691274 2024-01-08 true true Joanne OlsonKnobel P02263921 7632311662 2025-02-01 X 2023 2025-03-06 01:10:19Z X X 1155035 false X www.minnesotasbir.org X 2021 MN To empower MN small businesses to transform their novel technologies into revenue-generating products & services to drive innovation, create jobs, & stimulate economic growth through federal research & development funding. 8 6 1 0 0 1150000 5000 0 35 1155035 0 0 171372 0 0 191831 363203 791832 1134019 123896 1010123 To empower MN small businesses to transform their novel technologies into revenue-generating products & services to drive innovation, create jobs, & stimulate economic growth through federal research & development funding. false false 329012 1155035 MNSBIR, Inc was able to assist MN businesses in securing $26,440,718 in federal awards in 2023.Clients Served: 174 (estimated)Phase I Awards: $7,192,616 (26)Phase II Awards: $19,248,102 (16)SBIR/STTR Award Metrics:Phase I awards won by underserved clients $2,025,615 (9)Phase II awards won by underserved clients $3,075,961 (3) 329012 true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true false false false true false false false false true false false false false false false false false false true 11 0 true 1 true false false false false false false false false false false false false X 8 6 false false false false false false false true true true false false true true true true true true false false MN X Taunia Gorka 6126691274 21750 Ideal Avenue Forest Lake MN 55025 Patsy Dillon President and CEO 40.00 0.00 X 145500 0 13753 Taunia Gorka VP of Finance and Administrat 14.00 0.00 X 32547 0 0 Michael Wright ChairmanFormer and Treasure 0.00 0.00 X 0 0 0 Patrice Kloss Secretary 0.00 0.00 X 0 0 0 Brian Brockway Chairman 0.00 0.00 X 0 0 0 John Hobday Board Member 0.00 0.00 X 0 0 0 Mary MacCarthy Board Member 0.00 0.00 X 0 0 0 Phil Goldman Board Member 0.00 0.00 X 0 0 0 Marie Johnson Board Member 0.00 0.00 X 0 0 0 178047 0 13753 1 true true false 1095000 55000 45000 1150000 ServiceFee Revenue 541610 5000 5000 5000 Refund 900099 35 35 35 1155035 5000 0 35 X 145500 130950 14550 10000 9000 1000 3753 3378 375 12119 10907 1212 16012 14411 1601 715 644 71 40209 36188 4021 71323 71323 250 250 4722 4722 1000 1000 46493 41844 4649 4499 4049 450 1489 1489 52 52 3977 3579 398 Donations 126 126 Misc Expenses 964 964 363203 329012 34191 0 33515 1000 1095000 4504 0 1134019 61959 61937 0 123896 X -29659 1039782 0 1010123 0 1134019 X 791832 6492 211799 X false false false X 1150000 1150000 1150000 1150000 1070997 79003 35 35 1150035 5000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Federal Income & FICA Tax Withheld 8210 MN State Income Tax Withheld 1319 Accrued Wages GrantDeferred Wages 34750 Accrued FICA Grant Deferred Wages 2658 Founder ST Loan 15000 61937 X X X false false false false false false false false false Patsy Dillon President and CEO 145500 10000 3753 159253 Phil Goldman Board Member Marie Johnson Board Member Mary MacCarthy Board Member Patsy Dillon President YE Cash Flow 15000 15000 false false false 15000 X Office Space 1 45000 FMV false false false Additional Information for Schedule M University of Minnesota is providing hosted office space to MNSBIR, Inc in the McNamara Alumni Center. Amended return information Corrected website address and program metrics on Schedule O. Form 990 governing body review Part VI line 11 Part VI Governance, Management, and Disclosure (continued)Describe the process used by the organization to review this Form 990This is the first year MNSBIR Inc is subject to filing a Form 990, we have taken a streamlined approach to ensure timely compliance with the filing requirements. Future years filings will entail a full independent financial audit and a comprehensive and effective approval process that follows a formalized board approval process. This filing has been approved by the Chairman and Treasurer of the Board. Officer director etc mailing address Part VI line 9 Board of DirectorsPatsy Dillon, MNSBIR Inc, 2322 Towerview Circle, MN 55431Phil Goldman, Seque IP LLC, 1926 South Lane, Mendota Heights, MN 55118John Hobday, Healthcare Interactive, 8800 West Highway 7, Suite 331, Minneapolis, MN 55426Marie Johnson, Loon MD, 6565-145th Street East, Northfield, MN 55057Patrice Kloss, Fox Rothchild LLP, 222 S Ninth Street, Suite 2000, MN 55402Mary MacCarthy, University of Minnesota, 51 Dellwood Cove, Dellwood, MN 55110Michael Wright, Intercepting Horizons, 4737 County Road 101, Minneapolis, MN 55435Brian Brockway, VivaQuant, 1265 Grey Gox Road, Suite 400, Arden Hills, MN 55112 Conflict of interest policy compliance Part VI line 12c Did the organization regularly and consistently monitor and enforce compliance with the policy.If yes, describe on Schedule O how this was done.As part of the board agenda at every meeting, an opportunity is provided for board members to disclose any areas of conflict. A list of new clients is provided with board members as part of the board packet before the meetings. CEO executive director top management comp Part VI line 15a Did the process for determining compensation of the following persons include a review and approval of the organizations CEO, Executive Director, or top management official.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. Governing documents etc available to public Part VI line 19 Describe whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.Such documents are not available to the public, but documents are available to the board on a shared folder in which active board members can utilize. Explanation of other changes in net assets or fund balances Part XI line 9 Part XI Reconciliation of Net Assets (continued)9 Other changes in net assets or fund balances - 211799$211,184 - Release from Temporarily Restricted Grant Activity (2023)$615 - Write-off of unspent MN DEED 2023 Grant$211799 Reconciled 9 Other changes in net assets or fund balances List of other fees for services expenses Part IX line 11g Fees for services (nonemployees)Consultant Payments - $71,323