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Nonprofit · EIN 32-0685806

MNSBIR INC

Tax-exempt · BLOOMINGTON, MN 55431

Financials

$1.2M$363K2023$465K$442K2024
Revenue Expenses · by fiscal year end
Financials of MNSBIR INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$464,536$441,677$22,859$161,129$126,914$34,215
December 31, 2023990 (amended)$1,155,035$363,203$791,832$1,134,019$123,896$1,010,123
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$451,515
of which government grants
$441,515
Program service revenue
$13,021
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$188,382
Salaries, compensation and benefits (total)
$199,979
Professional fundraising fees
$0
Occupancy
$6,243
Program services (functional)
$377,511
Management and general (functional)
$64,166

Balance sheet and other

Total assets, start of year
$1,134,018
Total assets, end of year
$161,129
Total liabilities, end of year
$126,914
Net assets, end of year
$34,215
Net assets without donor restrictions
$34,215
Gross receipts
$464,536
Employees
1
Volunteers
0
Year formed
2021
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
PATSY DILLONPRESIDENT AND CEO
Trustee or director, Officer
40$145,000$3,382
TAUNIA GORKAVP FINANCE AND ADMINISTRATION
Officer
13$40,000$0
BRIAN BROCKWAYBOARD CHAIR
Trustee or director, Officer
1$0$0
MICHAEL WRIGHTTREASURER
Trustee or director, Officer
1$0$0
PATRICE KLOSSSECRETARY
Trustee or director, Officer
1$0$0
JOHN HOBDAYBOARD MEMBER
Trustee or director
1$0$0
JEFF LITERBOARD MEMBER
Trustee or director
1$0$0
DIANE RUCKERBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
Patsy DillonPresident and CEO
Officer
40$145,500$13,753
Taunia GorkaVP of Finance and Administrat
Officer
14$32,547$0
Michael WrightChairmanFormer and Treasure
Trustee or director
0$0$0
Patrice KlossSecretary
Trustee or director
0$0$0
Brian BrockwayChairman
Trustee or director
0$0$0
John HobdayBoard Member
Trustee or director
0$0$0
Mary MacCarthyBoard Member
Former
0$0$0
Phil GoldmanBoard Member
Former
0$0$0
Marie JohnsonBoard Member
Former
0$0$0

Address and contacts

Address (IRS master file)
2322 TOWER VIEW CIR, BLOOMINGTON, MN 55431-4023
In care of
% PATSY DILLON
Principal officer (990 for 2024)
PATSY DILLON, 2322 TOWERVIEW CIRCLE, BLOOMINGTON, MN 55431
Signed the 990
PATSY DILLON, PRESIDENT AND CEO
Phone
(612) 669-1274
Return prepared by
AKINS HENKE AND COMPANY

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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).
    Expenses $377,511 · revenue $13,021

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
32-0685806
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$161,129
Income (IRS master file)
$464,536

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$464,536$441,677$161,129XML
990December 2023$1,155,035$363,203$1,134,019XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0685806).

Questions about MNSBIR INC

What is the EIN of MNSBIR INC?
The employer identification number (EIN) of MNSBIR INC is 32-0685806.
Is MNSBIR INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to MNSBIR INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MNSBIR INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MNSBIR INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MNSBIR INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MNSBIR INC?
The 990 for the year ended December 31, 2024 names PATSY DILLON.
Who are the officers and directors of MNSBIR INC?
The 990 for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization, the highest $145,000 (PATSY DILLON, PRESIDENT AND CEO).
How much revenue does MNSBIR INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $464,536, expenses of $441,677 and total assets of $161,129 at year end.

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