Minne
Nonprofit profile at a glance
- EIN
- 273903127
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-EZ 2015
- Location
- Minneapolis, MN, USA
- Phone
- 6124862741
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $166,266
- Expenses
- $135,829
- Assets
- $319,653
- Liabilities
- $42,666
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- SARAH OLSON (EXECUTIVE DIRECTOR THRU FEB 2024)
Highest reported compensation
- SARAH OLSON (EXECUTIVE DIRECTOR THRU FEB 2024): $24,038 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Minnestar brings together the Minnesota technology community, promoting connections and helping the technology community learn from each other. We exist to build, nurture, and engage those interested in technology through meaningful connection.
What it reported doing in 2024
Minnestar helps to infuse Minnesota with a thriving technology environment. Minnestar brings together the Minnesota technology community, promoting connections and helping the technology community learn from each other. We exist to build, nurture, and engage those interested in technology through meaningful connection.in 2024, we continued with both virtual and in-person events for the community, as the organization continued to innovate amidst the changing landscape.we held several events, including one (1) large day-long conference, one (1) technology demo event, one (1) career fair, and one (1) large networking event. We also host expert virtual events and other smaller events convening the community around mutual interests.our events remain the go-to events showcasing technology and innovation in our community. We had 4,028 people register for our events in 2024. Our events are attended by individuals of all areas of the tech ecosystem, from developers to entrepreneurs, vc investors to students. We aim to provide a high quality platform to showcase innovation in our tech community, while bringing people together to catalyze, grow and support a thriving tech community for all.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- 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. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65%; rating input score 65
- Program expense ratio: 77.9%; rating input score 78
- Fundraising efficiency: $40.89 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 18.3%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 2.35; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 17.7%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 1% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: 13.3% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 65% of revenue deployed · 77.9% of spending went to programs
- Governance: 16 of 16 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $106K in reported program spending
- Leadership: top reported pay $24K · 17 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Officer compensation ratio scored 21/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.