Nonprofit · EIN 46-1469707
RED WING IGNITE
Tax-exempt · RED WING, MN 55066
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,292,753 | $1,282,815 | $9,938 | $709,194 | $48,026 | $661,168 |
| December 31, 2023 | 990 | $1,129,892 | $993,854 | $136,038 | $698,557 | $47,327 | $651,230 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,243,280
- of which government grants
- $1,159,024
- Program service revenue
- $44,920
- Investment income
- $2,232
- Other revenue
- $2,321
Expenses
- Grants and similar amounts paid
- $43,000
- Compensation of officers, directors and key employees
- $107,371
- Other salaries and wages
- $554,730
- Salaries, compensation and benefits (total)
- $761,969
- Professional fundraising fees
- $0
- Accounting fees
- $24,074
- Occupancy
- $50,412
- Travel
- $12,652
- Depreciation
- $8,644
- Program services (functional)
- $976,211
- Management and general (functional)
- $297,791
- Fundraising (functional)
- $8,813
Balance sheet and other
- Total assets, start of year
- $698,557
- Total assets, end of year
- $709,194
- Total liabilities, end of year
- $48,026
- Net assets, end of year
- $661,168
- Land, buildings and equipment
- $39,014
- Net assets without donor restrictions
- $661,168
- Gross receipts
- $1,292,753
- Employees
- 14
- Volunteers
- 30
- Year formed
- 2013
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STACY NIMMO | EXECUTIVE DIRECTOR Officer | 50 | $92,195 | $15,176 |
| TOM DRAZKOWSKI | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| PAUL KRAMP | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| BETH BENIKE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MATTHEW LESSARD | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| TAWONDA BURKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ATIQ BHATTI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN CARLSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STACY NIMMO | EXECUTIVE DIRECTOR Officer | 50 | $99,930 | $5,234 |
| TOM DRAZKOWSKI | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| PAUL KRAMP | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| BETH BENIKE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MATTHEW LESSARD | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| TAWONDA BURKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ATIQ BHATTI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN CARLSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 419 BUSH ST, RED WING, MN 55066-2529
- In care of
- % JERALD K OLSON
- Principal officer (990 for 2024)
- MATTHEW LESSARD, 419 BUSH STREET, RED WING, MN 55066
- Signed the 990
- MATTHEW LESSARD, TREASURER
- Phone
- (651) 327-2626
- Website
- WWW.IGNITEMN.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
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.
Program accomplishments
- 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 CITYExpenses $976,211 · grants $43,000 · revenue $44,920
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1469707
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $709,194
- Income (IRS master file)
- $1,292,753
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,292,753 | $1,282,815 | $709,194 | IRS |
| 990 | December 2023 | $1,129,892 | $993,854 | $698,557 | XML |
| 990 | December 2022 | $1,143,443 | $840,738 | $562,326 | IRS |
| 990 | December 2021 | $567,525 | $554,481 | $108,970 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1469707).
Questions about RED WING IGNITE
- What is the EIN of RED WING IGNITE?
- The employer identification number (EIN) of RED WING IGNITE is 46-1469707.
- Is RED WING IGNITE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to RED WING IGNITE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RED WING IGNITE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RED WING IGNITE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RED WING IGNITE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RED WING IGNITE?
- The 990 for the year ended December 31, 2024 names MATTHEW LESSARD.
- Who are the officers and directors of RED WING IGNITE?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $92,195 (STACY NIMMO, EXECUTIVE DIRECTOR).
- How much revenue does RED WING IGNITE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,292,753, expenses of $1,282,815 and total assets of $709,194 at year end.
Other nonprofits in RED WING
- UNDER THE RAINBOW EARLY EDUCATION CENTER EIN 41-1822820 · last filed 990 for 2024
- HOPE AND HARBOR EIN 87-2649943 · last filed 990 for 2025
- THOROUGHFARE REPRESENTATIVE SERVICES INCORPORATED EIN 84-2042343 · last filed 990 for 2025
- NEW BEGINNINGS FAMILY SERVICES EIN 41-2071396 · last filed 990 for 2025
- FAITH IN ACTION IN RED WING EIN 41-1920774 · last filed 990-EZ for 2025
- DISABILITY SUPPORT INTERNATIONAL EIN 81-1195531 · last filed 990-EZ for 2025
- LIFETEAM EIN 82-2423356 · last filed 990-N for 2025
- JORDAN TOWERS RESIDENT COUNCIL EIN 68-0558623 · last filed 990-N for 2025