Mnsbir Inc
Nonprofit profile at a glance
- EIN
- 320685806
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Bloomington, MN, USA
- Phone
- 6126691274
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Small Business Development
Reported finances
- Revenue
- $464,536
- Expenses
- $441,677
- Assets
- $161,129
- Liabilities
- $126,914
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- PATSY DILLON (PRESIDENT AND CEO)
Highest reported compensation
- PATSY DILLON (PRESIDENT AND CEO): $148,382 total reported compensation
- TAUNIA GORKA (VP FINANCE AND ADMINISTRATION): $40,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To empower mn small businesses to transform their novel technologies into revenue-generating products and services to drive innovation, create jobs, and stimulate economic growth through federal research and development funding with a concentrated focus on the small business innovation research and small business technology transfer programs.
What it reported doing in 2024
Mnsbir, inc. Empowers mn small businesses to transform their novel technologies into revenue-generating products and services to drive innovation, create jobs, and stimulate economic growth through federal research and development funding with a concentrated focus on the small business innovation research and small business technology transfer programs. Mnsbir, inc. Was able to assist mn businesses in securing $34,401,062 in federal awards in 2024. Clients served: 346 clients, phase i awards $5,005,673 (20) and phase ii awards $29,340,390 (22). Subset of sbir/sttr phase i awards won by underserved clients $294,543 (1) and sbir/sttr phase ii awards by underserved clients $8,369,566 (4).
Operating model
- Revenue model
- Grant-funded. 95% of the money available for current operations came from government grants.
- 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
SUPPORTED - 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 revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 86
- Accountability: 78
- Sustainability: 31
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.3%; rating input score 81
- Program expense ratio: 85.5%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 25th 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: 85.7%; rating input score 86; 23rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.9%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.79; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 42.7%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 13.7% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: -85.3% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -150.2% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 81.3% of revenue deployed · 85.5% of spending went to programs
- Governance: 6 of 7 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $378K in reported program spending
- Leadership: top reported pay $148K · 8 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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: 3 of 9 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- Review — Sustainability: Operating margin scored 50/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.