Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990.
Stacy Nimmo’s $92K as Executive Director is at the 28th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Stacy Nimmo | $92,195 | $99,930 | $87,708 | $85,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Fosters innovation and job creation by supporting students, startups, and entrepreneurs with resources.
Questions for Red Wing Ignite
Your first name shows with your question. Red Wing Ignite answers here, for everyone.
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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…
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $96K | $93K |
| Land, buildings, equipmentLn 10c | $10K | $7K |
| Total assetsLn 16 | $106K | $100K |
| LiabilitiesLn 26 | $4K | $6K |
| Net assetsLn 32 | $102K | $94K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $6K | $6K | ||
| Pay of current officers, directors and key staffLn 5 | $79K | $47K | $31K | |
| Other salaries and wagesLn 7 | $50K | $50K | ||
| Payroll taxesLn 10 | $10K | $7K | $2K | |
| Accounting feesLn 11c | $5K | $5K | ||
| Other fees for servicesLn 11g | $290K | $290K | ||
| Advertising and promotionLn 12 | $13K | $13K | ||
| Office expensesLn 13 | $14K | $9K | $5K | |
| Information technologyLn 14 | $13K | $13K | ||
| OccupancyLn 16 | $3K | $3K | ||
| TravelLn 17 | $1K | $880 | $434 | |
| Conferences, conventions and meetingsLn 19 | $11K | $7K | $4K | |
| Depreciation, depletion and amortizationLn 22 | $3K | $1K | $2K | |
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $3K | $3K | ||
| All other expensesLn 24e | $622 | $622 | ||
| Total functional expensesLn 25 | $505K | $456K | $49K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.3M | $1.3M | $10K | $661K | 990 PDF |
| FY2023 | $1.1M | $994K | $136K | $651K | 990 PDF |
| FY2022 | $1.1M | $841K | $303K | $514K | 990 PDF |
| FY2021 | $568K | $554K | $13K | $107K | 990 PDF |
| FY2020 Viewing | $498K | $505K | −$7K | $94K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $497,817 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 1 to look at
Part VIII · Statement of revenue $497,817 across 6 lines filed
Part IX · Statement of functional expenses $505,017 across 16 lines filed
Part X · Balance sheet $99,918 assets, 8 lines filed
Part XI · Reconciliation of net assets $94,335 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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