Nonprofit · EIN 41-1644556
OWATONNA INCUBATOR INC
Tax-exempt · OWATONNA, MN 55060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $281,902 | $368,503 | -$86,601 | $364,554 | $7,766 | $356,788 |
| December 31, 2023 | 990 | $235,748 | $198,087 | $37,661 | $450,178 | $6,789 | $443,389 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $55,030
- Program service revenue
- $226,239
- Investment income
- $633
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $101,250
- Other salaries and wages
- $19,418
- Salaries, compensation and benefits (total)
- $141,087
- Professional fundraising fees
- $0
- Accounting fees
- $950
- Occupancy
- $62,048
- Travel
- $1,515
- Depreciation
- $4,254
- Program services (functional)
- $317,918
- Management and general (functional)
- $50,585
Balance sheet and other
- Total assets, start of year
- $450,178
- Total assets, end of year
- $364,554
- Total liabilities, end of year
- $7,766
- Net assets, end of year
- $356,788
- Land, buildings and equipment
- $103,169
- Net assets without donor restrictions
- $356,788
- Gross receipts
- $281,902
- Employees
- 3
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEAN WILLIAMS | EXECUTIVE DI Officer | 40 | $101,250 |
| KRIS BUSSE | EX-OFFICIO Trustee or director | 2 | $0 |
| BEN CASS | DIRECTOR Trustee or director | 2 | $0 |
| ALI DIRIYE | DIRECTOR Trustee or director | 2 | $0 |
| GREG JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| TROY KLECKER | DIRECTOR Trustee or director | 2 | $0 |
| BRENT SVENBY | DIRECTOR Trustee or director | 2 | $0 |
| DAN BOEKE | SECRETARY Officer | 2 | $0 |
| JOE EFFERTZ | PRESIDENT Officer | 2 | $0 |
| TIMOTHY LINDERS | TREASURER Officer | 2 | $0 |
| TAMMY SCHMOLL | PAST PRESIDE Officer | 2 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEAN WILLIAMS | EXECUTIVE DI Officer | 40 | $33,333 |
| KRIS BUSSE | EX-OFFICIO Trustee or director | 2 | $0 |
| BEN CASS | DIRECTOR Trustee or director | 2 | $0 |
| KENNETH JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| TROY KLECKER | DIRECTOR Trustee or director | 2 | $0 |
| BRENT SVENBY | DIRECTOR Trustee or director | 2 | $0 |
| REAGAN WEST | DIRECTOR Trustee or director | 2 | $0 |
| DAN BOEKE | SECRETARY Officer | 2 | $0 |
| JOE EFFERTZ | PRESIDENT Officer | 2 | $0 |
| GREG JOHNSON | VICE PRESIDE Officer | 2 | $0 |
| TIMOTHY LINDERS | TREASURER Officer | 2 | $0 |
| TAMMY SCHMOLL | PAST PRESIDE Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1065 24TH AVE SW, OWATONNA, MN 55060-5063
- Principal officer (990 for 2024)
- JOE EFFERTZ
- Signed the 990
- JOE EFFERTZ, PRESIDENT
- Phone
- (507) 451-0517
- Website
- WWW.OWATONNA.BIZ
- Return prepared by
- STRUSS CPAS PC
Mission
PROMOTION OF ECONOMIC DEVELOPMENT THROUGH REDUCED FACILITY COSTS AND MENTORSHIP OF START UP BUSINESSES AND FACILITATING GROWTH OF EXISTING BUSINESSES.
Program accomplishments
- 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.Expenses $267,051
- THE BUSINESS CONSULTING PROGRAM MET WITH BUSINESS CLIENTS IN THE DEVELOPMENT STAGE AND NEW BUSINESS STAGE.Expenses $50,867
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1644556
- 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
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43Z)
- Assets (IRS master file)
- $364,554
- Income (IRS master file)
- $281,902
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $281,902 | $368,503 | $364,554 | IRS |
| 990 | December 2023 | $235,748 | $198,087 | $450,178 | XML |
| 990 | December 2022 | $229,357 | $133,001 | $410,846 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
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 41-1644556).
Questions about OWATONNA INCUBATOR INC
- What is the EIN of OWATONNA INCUBATOR INC?
- The employer identification number (EIN) of OWATONNA INCUBATOR INC is 41-1644556.
- Is OWATONNA INCUBATOR INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to OWATONNA INCUBATOR INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OWATONNA INCUBATOR 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 OWATONNA INCUBATOR 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 OWATONNA INCUBATOR 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 OWATONNA INCUBATOR INC?
- The 990 for the year ended December 31, 2024 names JOE EFFERTZ.
- Who are the officers and directors of OWATONNA INCUBATOR INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $101,250 (SEAN WILLIAMS, EXECUTIVE DI).
- How much revenue does OWATONNA INCUBATOR INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $281,902, expenses of $368,503 and total assets of $364,554 at year end.
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All nonprofits in OWATONNA · Minnesota · Community improvement and capacity building