2024-02-22T13:44:57-06:00 2021-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ROSEVILLE MN 551131117 990 2021-01-01 823639718 TOWERSIDE INNOVATION DISTRICT TOWE 6094337455 3000 UNIVERSITY AVE SE 9 MINNEAPOLIS MN 55414 SABINA SAKSENA PRESIDENT 6094337455 2024-02-21 1 SABINA SAKSENA 999009999 RYAN VETTRUS CPA P01243596 6514834521 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z X X X SABINA SAKSENA 3000 UNIVERSITY AVE SE 9 MINNEAPOLIS MN 55414 221110 0 X TOWERSIDEMSP.ORG X 2018 MN MANAGEMENT AND FACILITATION OF MIX OF PROJECTS SPACES AND ACTIVITIES IN AND AROUND 4TH STREET SE, INCLUDING A COMPLETE GREEN STREET WITH PLACEMAKING ELEMENTS DEFINED BY COMMUNITY ENGAGEMENT AND RESEARCH INTO DISTRICT ENERGY FACILITIES. 16 16 0 20 0 0 221049 0 61 0 221110 0 0 0 0 0 159524 159524 61586 15804 1156150 1073499 15804 82651 MANAGEMENT AND FACILITATION OF MIX OF PROJECTS, SPACES AND ACTIVITIES IN AND AROUND 4TH STREET SE, INCLUDING A COMPLETE GREEN STREET WITH PLACEMAKING ELEMENTS DEFINED BY COMMUNITY ENGAGEMENT AND RESEARCH INTO DISTRICT ENERGY FACILITIES. 0 0 96712 TOWERSIDE STORMWATER PARK PRIVATE SHARED SYSTEM FOR STORAGE, TREATMENT & RE-USE. GENERATED $1.6 M OF FUNDING BY MWMO & PRIVATE DEVELOPERS. IT WAS PART OF THE SIGNATURE GREENSPACE PHASE I: CONSTRUCTION 2016. COMPLETED IN 2021. 96712 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 0 0 0 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 X 16 16 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 0 0 0 MN X SABINA SAKSENA 6094337455 3000 UNIVERSITY AVE SE 9 MINNEAPOLIS MN 55414 X DIANE RUCKER PRESIDENT 10.00 X X 0 0 0 BOB STRAUGHN SECRETARY 4.00 X X 0 0 0 VINCE NETZ TREASURER 4.00 X X 0 0 0 ALAN ARTHUR BOARD MEMBER (THRU MID 2021) 1.00 X 0 0 0 NINA AXELSON BOARD MEMBER 1.00 X 0 0 0 MIKE BERTHELSEN BOARD MEMBER 1.00 X 0 0 0 GINA CIGANIK BOARD MEMBER 1.00 X 0 0 0 CATHERINE REID DAY BOARD MEMBER (THRU NOV 2021) 1.00 X 0 0 0 METRIC GILES BOARD MEMBER 1.00 X 0 0 0 RICHARD GILYARD BOARD MEMBER 1.00 X 0 0 0 GLORIA JEFF BOARD MEMBER (STARTING OCT 2021) 1.00 X 0 0 0 EDDIE LANDENBERGER BOARD MEMBER 1.00 X 0 0 0 PAT MASCIA BOARD MEMBER (STARTING OCT 2021) 1.00 X 0 0 0 SAM ROCKWELL BOARD MEMBER 1.00 X 0 0 0 KARL REICHERT BOARD MEMBER 1.00 X 0 0 0 KAREN NELSON BOARD MEMBER 1.00 X 0 0 0 SABINA SAKSENA BOARD MEMBER 1.00 X 0 0 0 VIRAJITA SINGH BOARD MEMBER (THRU MID 2021) 1.00 X 0 0 0 ERIC WEISS BOARD MEMBER 1.00 X 0 0 0 SARA BARROW BOARD MEMBER (THRU MARCH 2021) 1.00 X 0 0 0 0 0 0 0 0 0 0 0 66049 155000 221049 61 61 221110 0 0 61 155957 96682 59275 1860 30 1830 768 768 939 939 159524 96712 62812 0 15804 1090101 66049 15804 1156150 73499 0 1000000 0 1073499 X 15804 82651 15804 82651 15804 1156150 61586 5261 0 X 1 X 0 0 0 X X 19 AEON 411558711 7 1 0 0 CAPITOL REGION WATERSHED DISTRICT 743076861 7 1 0 0 CITY OF MINNEAPOLIS 416005375 6 1 0 0 CITY OF SAINT PAUL 416005521 6 1 0 0 CREATIVE ENTERPRISE ZONE 473199574 7 1 0 0 FAMILY HOUSING FUND 411380923 7 1 0 0 HENNEPIN COUNTY 416005801 6 1 0 0 METROPOLITAN COUNCIL 416008898 6 1 0 0 MINNEAPOLIS PARK AND RECREATION BOARD 416003575 6 1 0 0 MISSISSIPPI WATERSHED MANAGEMENT ORGANIZATION 411877862 6 1 0 0 PROSPECT PARK 2020 462407192 7 1 0 0 PROSPECT PARK ASSOCIATION 411409200 7 1 0 0 RAMSEY COUNTY 416005875 6 1 0 0 ST ANTHONY PARK COMMUNITY COUNCIL 411390942 6 1 0 0 SAINT ANTHONY PARK COMMUNITY FOUNDATION 411905410 7 1 0 0 TWIN CITIES COMMUNITY LAND BANK 270260037 7 1 0 0 UNIVERSITY ENTERPRISE LABORATORIES 412093194 7 1 0 0 UNIVERSITY OF MINNESOTA 416007513 6 1 0 0 UNIVERSITY OF MINNESOTA FOUNDATION OF REAL ESTATE ADVISORS 274131769 7 1 0 0 19 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 REFUNDABLE ADVANCES 1000000 1000000 FORM 990, PART VI, SECTION A, LINE 6 TOWERSIDE INNOVATION DISTRICT, A MINNESOTA NONPROFIT CORPORATION (THIS "CORPORATION"), WAS FORMED PURSUANT TO THE MINNESOTA NONPROFIT CORPORATION ACT, MINNESOTA STATUTES, CHAPTER 317A, BY FILING ARTICLES OF INCORPORATION WITH THE MINNESOTA SECRETARY OF STATE ON NOVEMBER 9, 2017. THIS CORPORATION WAS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY TO BENEFIT, PERFORM, AND CARRY OUT THE EXCLUSIVELY PUBLIC, CHARITABLE, EDUCATIONAL, AND OTHER EXEMPT PURPOSES OF CERTAIN NONPROFIT ORGANIZATIONS IDENTIFIED IN THE ARTICLES OF INCORPORATION (EACH, A "SUPPORTED ORGANIZATION AND COLLECTIVELY, THE "SUPPORTED ORGANIZATIONS") IN CONNECTION WITH THE CREATION AND CONTINUANCE OF A SUSTAINABLE COMMUNITY OF DISCOVERY AND INNOVATION IN AND ABOUT THOSE PORTIONS OF MINNEAPOLIS AND SAINT PAUL, MINNESOTA, SHOWN ON EXHIBIT A THERETO (THE "TOWERSIDE DISTRICT"), TO THE EXTENT SUCH PURPOSES ARE DESCRIBED IN SECTIONS 170(C)(2)(B), 501(C)(3), 2055(A)(2), AND 2522(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR CORRESPONDING PROVISIONS OF ANY SUBSEQUENT FEDERAL TAX LAWS (THE "CODE"). MEMBERS. THERE SHALL BE TWO CLASSES OF MEMBERS OF THIS CORPORATION: EXEMPT MEMBERS AND CONTRIBUTING MEMBERS. THE EXEMPT MEMBERS SHALL BE THOSE SUPPORTED ORGANIZATIONS THAT REQUEST MEMBERSHIP IN THIS CORPORATION, PROVIDED THAT EACH SUPPORTED ORGANIZATION MUST RENEW ITS MEMBERSHIP EVERY THREE (3) YEARS. EXEMPT MEMBERS SHALL HAVE VOICE AND VOTING RIGHTS AT ALL MEETINGS OF THE MEMBERS. THE CONTRIBUTING MEMBERS SHALL BE THOSE ENTITIES APPROVED BY THE BOARD OF DIRECTORS THAT (A) ARE OWNERS OR LESSEES OF PROPERTY IN THE TOWERSIDE DISTRICT WHO HAVE APPLIED FOR MEMBERSHIP AND MET SUCH OTHER REQUIREMENTS AS MAY BE ESTABLISHED BY THE BOARD OF DIRECTORS, OR (B) ARE KEY CONTRIBUTING ORGANIZATIONS AS DESIGNATED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. THE CONTRIBUTING MEMBERS SHALL HAVE VOICE, BUT NO VOTING RIGHTS AT MEETINGS OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING OF THE MEMBERS OF THIS CORPORATION. NOMINATIONS OF POTENTIAL DIRECTORS SHALL BE MADE TO THE BOARD OF DIRECTORS WITH DUE CONSIDERATION GIVEN TO PROVIDING FOR EQUITABLE PARTICIPATION ON THE BOARD OF DIRECTORS BY DEVELOPERS, BUSINESSES, GOVERNMENT AGENCIES, NONPROFITS, HIGHER EDUCATION INSTITUTIONS, AND COMMUNITY ORGANIZATIONS IN OR ABOUT THE TOWERSIDE DISTRICT, AND OTHER KEY INDIVIDUALS AND ORGANIZATIONS THAT SUPPORT THE VISION OF THIS CORPORATION. THE EXACT NUMBER OF DIRECTORS ON THE BOARD SHALL BE DETERMINED FROM TIME TO TIME BY RESOLUTION ADOPTED BY A MAJORITY OF THE DIRECTORS THEN HOLDING OFFICE. ALL DIRECTORS SHALL BE NATURAL PERSONS WHO ARE ADULTS. FORM 990, PART VI, SECTION A, LINE 7B THERE SHALL BE TWO CLASSES OF MEMBERS OF THIS CORPORATION: EXEMPT MEMBERS AND CONTRIBUTING MEMBERS. THE EXEMPT MEMBERS SHALL BE THOSE SUPPORTED ORGANIZATIONS THAT REQUEST MEMBERSHIP IN THIS CORPORATION, PROVIDED THAT EACH SUPPORTED ORGANIZATION MUST RENEW ITS MEMBERSHIP EVERY THREE (3) YEARS. EXEMPT MEMBERS SHALL HAVE VOICE AND VOTING RIGHTS AT ALL MEETINGS OF THE MEMBERS. THE CONTRIBUTING MEMBERS SHALL BE THOSE ENTITIES APPROVED BY THE BOARD OF DIRECTORS THAT (A) ARE OWNERS OR LESSEES OF PROPERTY IN THE TOWERSIDE DISTRICT WHO HAVE APPLIED FOR MEMBERSHIP AND MET SUCH OTHER REQUIREMENTS AS MAY BE ESTABLISHED BY THE BOARD OF DIRECTORS, OR (B) ARE KEY CONTRIBUTING ORGANIZATIONS AS DESIGNATED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. THE CONTRIBUTING MEMBERS SHALL HAVE VOICE, BUT NO VOTING RIGHTS AT MEETINGS OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS REVIEWED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C REGULAR AND CONSISTENT MONITORING OF CONFLICT OF INTEREST POLICY. COI STATEMENTS ARE COLLECTED FROM ALL BOARD MEMBERS ANNUALLY AND REVIEWED FOR CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. AMENDED RETURN THE ORIGINAL RETURN WAS FILED BASED ON INTERNAL FINANCIAL INFORMATION. AN OUTSIDE ACCOUNTING FIRM WAS HIRED TO PERFORM A FINANCIAL STATEMENT REVIEW AND THIS AMENDED RETURN IS BASED ON THE UPDATED REVIEWED FINANCIAL STATEMENTS. ALL PARTS OF THE 990 AND SCHEDULES THAT CHANGED HAVE BEEN UPDATED BASED ON THE REVIEWED FINANCIAL STATEMENTS.