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EIN 41-1644556

Owatonna Business Incubator

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Owatonna
State
Minnesota
Year formed
1990
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
Owatonna Business Incubator promotes economic development by reducing facility costs and mentoring start-up businesses while facilitating the growth of existing ones. In 2016, manufacturing tenants occupied around 24,000 square feet of the 32,000 square foot facility. The business consulting program met with clients at various stages of development.
Also known as...
Owatonna Incubator
Total revenues
$235,748
2023
Total expenses
$198,087
2023
Total assets
$450,178
2023
Num. employees
3
2023

Program areas at Owatonna Business Incubator

The Owatonna Business Incubator had manufacturing tenants throughout 2016. The manufacturing tenants occupied approximately 24,000 square feet of the 32,000 square foot facility.
The Business consulting program met with Business clients in the development stage and new Business stage.

Personnel at Owatonna Business Incubator

NameTitleCompensation
Sean WilliamsExecutive Director$33,333
Joe EffertzPresident$0
Greg JohnsonVice President$0
Dan BoekeSecretary$0
Timothy LindersTreasurer$0
...and 5 more key personnel

Financials for Owatonna Business Incubator

RevenuesFYE 12/2023
Total grants, contributions, etc.$51,000
Program services$184,394
Investment income and dividends$354
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$235,748

Form 990s for Owatonna Business Incubator

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990View PDF
2022-122023-11-07990View PDF
2021-122022-11-04990View PDF
2020-122021-09-07990View PDF
2019-122021-02-26990View PDF
...and 9 more Form 990s

Organizations like Owatonna Business Incubator

OrganizationLocationRevenue
New Mexico Bioscience AuthorityAlbuquerque, NM$297,400
Nodaway County Economic Development CorporationMaryville, MO$176,631
Huntingdon Cty Business and IndustryHuntingdon, PA$273,438
Economic Development and Financing CorporationUkiah, CA$1,087,868
Two Rivers CDCNorth Bend, WA$166,376
Partnership for Economic DevelopmentLake Havasu City, AZ$581,792
Danville Boyle County Development CorporationDanville, KY$349,771
Heartland Lakes Development CommissionPark Rapids, MN$379,772
Kent Economic PartnershipDover, DE$477,063
Greater Waukegan Development CoalitionWaukegan, IL$746,640
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 3 new personnel
April 12, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Partially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
PO Box 505
Owatonna, MN 55060
County
Steele County, MN
Website URL
owatonna.biz/ 
Phone
(507) 451-0517
IRS details
EIN
41-1644556
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1990
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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