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EIN 85-4329890

Finnovation Institute

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Minneapolis
State
Minnesota
Year formed
2020
Most recent tax filings
2023-12-01
NTEE code, primary
B90: Educational Services
Description
Finnovation Institute provides educational programs and tangible support to impact-driven entrepreneurs, building a vibrant and inclusive community of successful social businesses in the Twin Cities region. The fifth cohort of Finnovation fellows, consisting of nine early-stage social entrepreneurs, received comprehensive curriculum, mentorship, coaching, and workspace starting in mid-September. In 2021, funding for this program was secured through a three-year grant.
Total revenues
$21,033
2023
Total expenses
$840,330
2023
Total assets
$637,028
2023
Num. employees
0
2023

Program areas at Finnovation Institute

Nine early-stage social entrepreneurs completed a nine-month program in june 2023. An additional nine early-stage social entrepreneurs were selected and began the sixth cohort of Finnovation fellows. Curriculum, mentorship, coaching and workspace were provided throughout the year to the two cohorts. A three year grant was awarded in 2021 for the funding of this program.

Who funds Finnovation Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Bush FoundationFinnovation Fellowship Program Cohorts 4, 5 and 6$861,666

Personnel at Finnovation Institute

NameTitleCompensation
Connie RutledgeChief Executive Officer$0
Jacqueline BerglundBoard Chair$0
Kari Niedfeldt-ThomasTreasurer$0
Jacqueline BerlandBoard Chair$0

Financials for Finnovation Institute

RevenuesFYE 12/2023
Total grants, contributions, etc.$6,265
Program services$0
Investment income and dividends$14,768
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$21,033

Form 990s for Finnovation Institute

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990View PDF
2022-122023-07-18990View PDF
2021-122022-11-15990View PDF
Data update history
December 28, 2023
Received grants
Identified 1 new grant, including a grant for $861,666 from Bush Foundation
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 24, 2023
Updated personnel
Identified 1 new personnel
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
SchoolsEducational service providersCharities
Issues
Education
Characteristics
State / local levelManagement and technical assistanceTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
817 5th Ave S Suite 400
Minneapolis, MN 55404
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
finn-lab.com/ 
Phone
(612) 502-2262
IRS details
EIN
85-4329890
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
611710: Educational Support Services
Parent/child status
Independent
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