Metro State Applied Innovation Inst

Nonprofit profile at a glance

EIN
992996484
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Saint Paul, MN, USA
Phone
6517931681
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Reported finances

Revenue
$123,219
Expenses
$123,019
Assets
$123,219
Liabilities
$123,019

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

People named in this filing

  • VIRGINIA ARTHUR (CHAIR)
  • TYLER VIGEN (VICE CHAIR)
  • KYLE SWANSON (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The metro state applied innovation institute (msaii) aims to be a global leader in high-tech innovation and workforce development, delivering targeted solutions and cutting-edge technologies across key sectors. We commit to fostering an inclusive environment that prioritizes respect, integrity, and individual growth. Through strategic partnerships, state- of-the-art research capabilities, and a focus on emerging technologies, msaii is dedicated to preparing a forward-thinking generation ready to tackle global challenges.

What it reported doing in 2024

Purpose: support and conduct scientific research and educational and informational activities in areas including but not limited to cyber security, artificial intelligence, and other related cutting-edge technologies for the benefit of metro state university. Accomplishments: (1) organizational structure development to accomplish purpose initiated, including hiring of key financial personnel. (2) activities to access funding through us department of defense appropriation through project order number f4ffbr5013g001 for contract w519tc2592009, us army contracting command - rock island, 3055 rodman ave, rock island, il. 61299 succesfully completed. Funds will be accessible for msaii in fiscal 2026. (3) planning activities for educational and informational programming that will occur in fiscal 2026.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 82
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.8%; rating input score 90
  • Program expense ratio: 89.9%; rating input score 90

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 0.2%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 1; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 200% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 200% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 89.8% of revenue deployed · 89.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $111K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 34/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.