Northern Technology Initiative
- Assets
- $9.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pine City, MN
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 31-1709954
Organization Overview
Northern Technology Initiative is located in Pine City, MN. The organization was established in 2000. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Technology Initiative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Northern Technology Initiative generated $26.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $29.4k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO CAPITALIZE ON THE STRENGTHS THAT COME FROM BEING A REGIONAL ECONOMIC DEVELOPMENT ALLICANCE ACTING AS A CONDUIT FOR MEMBERS TO ACCESS RESOURCES, PROSPECTVIE BUSINESSES AND EDUCATIONAL OPPORTUNITIES THAT WOULD OTHERWISE NOT BE AVAILABLE TO THEM; AND TO PROVIDE A REGIONAL APPROACH TO WORKFORCE DEVELOPMENT AND BUSINES RETENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Hillsheim Vice Preside | 5 | $0 | |
Sandy Voigt President | 5 | $0 | |
Kathy George Past-Preside | 3 | $0 | |
Lezlie Sauter Treasurer | 3 | $0 | |
Michelle Thomas Secretary | 3 | $0 | |
Rebecca Perrotti Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,400 |
| Total Program Service Revenue | $0 |
| Membership dues | $23,800 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $16,021 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $350 |
| Other expenses | $13,043 |
| Total expenses | $29,414 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,582 |
| Other assets | $0 |
| Total assets | $9,582 |
| Total liabilities | $0 |
| Net assets or fund balances | $9,582 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northern Technology Initiative has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Initiative Foundation Little Falls, MN PURPOSE: TO SUPPORT EXPLORATION OF CAREER EXPLORATION PROGRAMS FOR SECONDARY STUDENTS, AND DEVELOPMENT AND IMPLEMENTATION OF ONE WHICH BEST FITS THE WORKFORCE NEEDS EAST CENTRAL MINNESOTA. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Greater Madison Convention & Visitor Bureau Inc Madison, WI | $7,711,633 | $4,933,152 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Wolf Run Village Inc Watford City, ND | $13,751,715 | $5,775,669 |
Minnesota Business Finance Corporation St Cloud, MN | $6,710,385 | $3,673,437 |
Madison Region Economic Partnership Inc Madison, WI | $2,651,221 | $3,362,304 |