2024-05-15T14:13:41-05:00 2023-06-30 411680240 SDK CPA 100 WASHINGTON AVE S STE 1600 MINNEAPOLIS MN 55401 990 2022-07-01 411595930 ENTERPRISE MINNESOTA ENTE 6123732900 2100 SUMMER STREET NE 150 MINNEAPOLIS MN 55413 ROBERT KILL PRESIDENT & CEO 6123732900 2024-05-15 1 ROBERT KILL 999009999 0 WENDY HARDEN CPA P00956490 6123325500 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT KILL 2100 SUMMER STREET NE 150 MINNEAPOLIS MN 55413 7593287 0 X WWW.ENTERPRISEMINNESOTA.ORG X 1987 MN TO PROMOTE ECONOMIC GROWTH AND JOB CREATION THROUGH APPLIED RESEARCH, TECHNOLOGY TRANSFER, AND PRODUCTIVE DEVELOPMENT. 8 8 36 8 62135 0 4155874 3319480 2258769 2492697 72743 48085 0 0 6487386 5860262 0 0 0 0 4225780 4525445 0 0 0 1386674 1306430 5612454 5831875 874932 28387 3826977 3929515 1682870 1751603 2144107 2177912 X TO PROMOTE ECONOMIC GROWTH AND JOB CREATION THROUGH APPLIED RESEARCH, TECHNOLOGY TRANSFER, AND PRODUCTIVE DEVELOPMENT. 0 0 5155865 2430562 ENTERPRISE MINNESOTA HELPS SMALL AND MID-SIZED MANUFACTURERS DEVELOP AND IMPLEMENT STRATEGIES TO GROW BUSINESS. WHETHER WALKING THROUGH THE LEAN MANUFACTURING PROCESS OR TRAINING ON THE LATEST MANAGEMENT STRATEGIES, WE HELP MANUFACTURING BUSINESSES COMPETE AND GROW PROFITABLY. OUR INDUSTRY EXPERTS ARE LOCATED ACROSS MINNESOTA TO HELP CLIENTS ACHIEVE THEIR GOALS AND BECOME WORLD-CLASS MANUFACTURERS. ENTERPRISE MINNESOTA IS AN AFFILIATE OF THE NATIONAL MEP NETWORK PART OF THE U.S. DEPARTMENT OF COMMERCE'S NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY, (NIST), AND ASSISTS SMALL AND MEDIUM SIZED MANUFACTURING COMPANIES BY PROVIDING PRODUCTS AND SERVICES DESIGNED TO HELP THEM SUCCEED. (CONTINUED ON SCHEDULE O)(CONTINUED FROM PART III)ENTERPRISE MINNESOTA HAS SUCCESSFULLY LEVERAGED THIS FEDERAL SUPPORT FOR MORE THAN 30 YEARS AND ADMINISTRATING THE COOPERATIVE AGREEMENT THAT PROVIDES FOR THE MEP CENTER IN MINNESOTA. IN THE PAST THREE YEARS ALONE, WE ACCOMPLISHED THE FOLLOWING: - 584 MINNESOTA COMPANIES RECEIVED CRITICAL BUSINESS ASSISTANCE.- THESE COMPANIES REALIZED A POSITIVE ECONOMIC IMPACT OF $1.4 MILLION TO THEIR BOTTOM LINE IN INCREASED SALES, REDUCED PRODUCTION COSTS, AND IMPROVED EMPLOYEE UTILIZATION. - MORE THAN 6,220 JOBS HAVE BEEN CREATED OR RETAINED. IN ADDITION TO OUR CONSULTING SERVICES, ENTERPRISE MINNESOTA OFFERED THREE GREAT WAYS TO KEEP UP WITH THE LATEST MANUFACTURING NEWS IN MINNESOTA; ENTERPRISE MAGAZINE, E-TRENDS NEWSLETTER, AND THE ANNUAL STATE OF MANUFACTURING POLL, A STATEWIDE RESEARCH PROJECT THAT INCLUDES HUNDREDS OF PHONE SURVEYS AND SEVERAL FOCUS GROUPS WITH MANUFACTURING EXECUTIVES ACROSS THE STATE. 5155865 1 1 0 1 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 36 1 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X PATRICIA VASATKA 6123732900 2100 SUMMER STREET NO 150 MINNEAPOLIS MN 55413 GREG BUCK DIRECTOR 1.00 X 0 0 0 JOE MULFORD DIRECTOR 1.00 X 0 0 0 JOE PLUNGER DIRECTOR 1.00 X 0 0 0 HOLLY MINNE DIRECTOR 1.00 X 0 0 0 MARK NELSON DIRECTOR 1.00 X 0 0 0 MATT HANSON DIRECTOR 1.00 X 0 0 0 MIKE JENSEN DIRECTOR 1.00 X 0 0 0 PAUL EBNET CHAIR 1.00 X X 0 0 0 STEVE PALMER VICE-CHAIR 1.00 X X 0 0 0 JOHN CONNELLY VP OF CONSULTING 40.00 X 164479 0 20609 ROBERT KILL PRESIDENT AND CEO 40.00 X 251897 0 25299 LYNN SHELTON VP OF MARKETING 40.00 X 166205 0 22847 PATRICIA VASATKA VP OF FINANCE 40.00 X 155389 0 39691 KEITH GADACZ CONSULTANT 40.00 X 106026 0 35022 ALLY JOHNSTON CONSULTANT 40.00 X 110012 0 34685 WILLIAM MARTINSON BUSINESS DEVELOPER 40.00 X 123733 0 35903 STEVEN HAARSTAD CONSULTANT 40.00 X 105841 0 36547 GEORGE TANGEN RELATIONSHIP MANAGER 40.00 X 106252 0 32117 1289834 0 282720 9 0 1 0 WIPFLI LLP IT PO BOX 3160 MILWAUKEE WI 53201 IT SERVICES AND FINANCIAL AUDIT 160316 1 3319480 3319480 SERVICES/PUBLICATIONS 561499 2430562 2430562 PUBLICATIONS 541800 62135 62135 2492697 37098 37098 1744012 1733025 10987 10987 10987 5860262 2430562 62135 48085 857428 771686 85742 2778258 2508081 270177 69809 55259 14550 819950 738978 80972 2325 2092 233 26013 23412 2601 18000 18000 4500 4500 377806 340025 37781 8959 8063 896 53029 47726 5303 73402 66062 7340 89085 80177 8908 169880 153152 16728 49968 45109 4859 250 250 109521 109521 10621 10621 MAGAZINE EXPENSES 158550 158550 STATE MANUFACTURING POL 101779 91601 10178 MEMBERSHIPS 35248 33261 1987 BOOKS 3497 3213 284 13997 11418 2579 5831875 5155865 676010 0 1222387 1104235 29261 22385 168159 104351 223995 409810 85738 123229 742187 502660 263536 239527 1491591 1614136 342310 311842 3826977 3929515 742174 806593 339729 452425 600967 492585 1682870 1751603 X 2144107 2177912 2144107 2177912 3826977 3929515 28387 5418 0 X X 0 1 X 1 1 1 X 2687212 2641243 4227577 4155874 3319480 17031386 2687212 2641243 4227577 4155874 3319480 17031386 17031386 21005 20595 6845 6787 37098 92330 17123716 0.99460 0.99630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 18000 0 0 18000 0 PART 11-B, LINE 1, LOBBYING ACTIVITIES: PART II-B, LINE 1(G), OTHER LOBBYING ACTIVITIES: THE ORGANIZATION WORKED WITH LEGISLATORS TO SUPPORT THE PASSAGE OF A BILL PROVIDING SUPPORT TO MANUFACTURING COMPANIES IN THE STATE WHO HAVE A GROWTH PLAN, BUT CANNOT AFFORD TO INITIATE THE PLAN WITHOUT FINANCIAL AID. 152009 104483 47526 590178 398177 192001 239527 FEDERAL FARM CREDITS 168282 F FEDERAL HOME LOAN BANKS 864152 F UNITED STATES TREASURY BOND 114532 F UNITED STATES TREASURY NOTE/BOND 258366 F UNITED STATES TREASURY BILL 208804 F 1614136 RIGHT OF USE ASSET 222282 DEFERRED OUTFLOWS OF RESOURCES 89560 311842 PENSION LIABILITIES 174989 RENT/LEASE LIABILITIES 317596 492585 X 5865430 5418 5418 5860012 250 250 5860262 5831625 0 5831625 250 250 5831875 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE "CODE") AND COMPARABLE STATE LAW, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. CONTRIBUTIONS TO IT ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE CODE. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE ORGANIZATION ASSESSES WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION OF THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THE TAX POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION RECORDED NO ASSETS OR LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 250. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 250. 1 PART I, LINE 2: ENTERPRISE MINNESOTA PASSES THROUGH FUNDS FROM WEST CENTRAL INITIATIVE FOUNDATION WHERE BY THE FUNDS ARE RECEIVED AS DESIGNATED FOR SPECIFIC GRANT RECIPIENTS. ENTERPRISE MINNESOTA MONITORS THE USE OF GRANT FUNDS BY REQUIRING SUBSTANTIATION FOR ANY FUNDS THAT ARE USED TO REIMBURSE GRANT RECIPIENTS FOR EXPENDITURES MADE UNDER THE GRANT AWARD OR BY DIRECTLY DISBURSING FUNDS TO THE THIRD PARTY SERVICES PROVIDERS THAT ARE AWARDED A CONTRACT FOR THE PROVISION OF SERVICES TO THE GRANT RECIPIENTS BASED ON INVOICES RECEIVED BY THE SERVICE PROVIDER. IF THE SERVICES REQUIRED UNDER THE GRANT AGREEMENT ARE PROVIDED DIRECTLY BY ENTERPRISE MINNESOTA, THE ORGANIZATION MONITORS THE DIRECT COSTS RELATED TO THE PROJECT AND ALLOCATES THE GRANT FUNDS BASED ON THESE COSTS. GRANT FUNDS THAT ARE NOT EXPENDED THROUGH THE DISBURSEMENT PROCESS BASED ON SUBSTANTIATION ARE RETURNED TO WEST CENTRAL INITIATIVE FOUNDATION. ENTERPRISE MINNESOTA IS NOT RESPONSIBLE FOR EVALUATING GRANT APPLICATIONS OR AWARDING FUNDS. THERE WAS NO WEST CENTRAL ACTIVITY IN THE CURRENT FISCAL YEAR. X X X X X 0 0 0 0 0 0 0 0 0 ROBERT KILL PRESIDENT AND CEO 209677 0 22501 0 19719 0 15740 0 9559 0 277196 0 0 0 PATRICIA VASATKA VP OF FINANCE 138104 0 13922 0 3363 0 10028 0 29663 0 195080 0 0 0 LYNN SHELTON VP OF MARKETING 148707 0 14676 0 2822 0 10596 0 12251 0 189052 0 0 0 JOHN CONNELLY VP OF CONSULTING 146879 0 14462 0 3138 0 10369 0 10240 0 185088 0 0 0 WILLIAM MARTINSON BUSINESS DEVELOPER 109124 0 11320 0 3289 0 7918 0 27985 0 159636 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS REVIEWED BY TWO MEMBERS OF THE FINANCE DEPARTMENT AND APPROVED BY THE CEO AND THEN FORWARDED TO THE BOARD FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A DIRECTOR, EMPLOYEE OR OFFICER OF THE ORGANIZATION MAY NOT PARTICIPATE IN, OR VOTE UPON, A DECISION OF THE BOARD RELATING TO AN ORGANIZATION WHICH THE DIRECTOR, EMPLOYEE OR OFFICER (OR A MEMBER OF THAT PERSON'S FAMILY) HAS EITHER A DIRECT OR INDIRECT FINANCIAL INTEREST. THE CHAIR (OR DESIGNEE) MAKES THE FINAL DETERMINATION AS TO WHETHER OR NOT A VOTING SITUATION PRESENTS A CONFLICT OF INTEREST. POTENTIAL CONFLICTS ARE NOTED IN ADVANCE OF A BOARD MEETING AND PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 OUR HR CONSULTANT DISCUSSES FACTORS RELATED TO CEO COMPENSATION WITH THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS, WHICH IS THEN REVIEWED BY THE BOARD OF DIRECTORS AND MEMORIALIZED IN AN EMPLOYMENT AGREEMENT. THE PERFORMANCE REVIEW PROCESS IS SUBSTANTIATED BY A MARKET ASSESSMENT OF CERTAIN POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE MINNESOTA OFFICE OF THE LEGISLATIVE AUDITOR AND THROUGH THE FEDERAL CLEARING HOUSE. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS OR THE BOARD AS A WHOLE PARTICIPATES IN THE SELECTION OF OUR AUDIT FIRM. THEY ALSO REVIEW THE AUDITED FINANCIAL STATEMENTS PRIOR TO FINALIZATION.