Big Ideas Inc
- Assets
- $77.9k
- Revenue
- $540.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New Ulm, MN
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 81-5052752
Organization Overview
Big Ideas Inc is located in New Ulm, MN. The organization was established in 2017. According to its NTEE Classification (S32) the organization is classified as: Rural 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. Big Ideas Inc 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, Big Ideas Inc generated $540.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $514.2k during the year ending 12/2021. While expenses have increased by 22.6% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMI-TRAILER WITH TRADES CAREER SIMULATORS THAT TRAVELS AROUND THE STATE. TRADES PROFESSIONALS TEACH A TRADES CLASS (2-4 HRS TOTAL) TO STUDENTS 13+.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ann Christensen President | 25 | $0 | |
Kaitlin Pals Secretary | 2 | $0 | |
Val Johnson Treasurer | 2 | $0 | |
Betsy Peiser Director | 1 | $0 | |
Oscar Westlund Director | 1 | $0 | |
James Lowe Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $435,520 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105,355 |
| Total Revenue | $540,880 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $171,219 |
| Pension plans, employee benefits | $5,748 |
| Interest | $0 |
| Taxes | $78,655 |
| Depreciation | $0 |
| Occupancy | $18,530 |
| Travel, conferences, and meetings | $13,140 |
| Printing and publications | $0 |
| Other expenses | $220,755 |
| Total operating and administrative expenses | $514,219 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $514,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,922 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $77,922 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Big Ideas Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Grotto Foundation Inc Arden Hills, MN PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Cla Foundation Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
John E Desmond And Janet C Desmond Foundation Edina, MN PURPOSE: GENERAL DONATION | $15,000 |
Pajor Family Foundation Tr Henderson, NV PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Dairyland Economic Opportunity Council Incorporated Independence, WI | $9,371,395 | $17,670,947 |
Rural America Initiatives Rapid City, SD | $11,020,564 | $7,975,941 |
Community And Economic Development Associates Chatfield, MN | $1,658,001 | $2,830,781 |
Sharing Our Roots Northfield, MN | $1,750,092 | $967,957 |
Rural Electric Economic Development Inc Madison, SD | $44,957,084 | $2,458,763 |
Door County Economic Development Corporation Sturgeon Bay, WI | $2,581,699 | $998,049 |
South Eastern Development Foundation Sioux Falls, SD | $22,464,210 | $4,520,935 |
North Central Planning Council Devils Lake, ND | $2,034,561 | $1,088,900 |
Center For Rural Policy And Development Mankato, MN | $628,188 | $663,588 |
Big Ideas Inc New Ulm, MN | $77,922 | $540,880 |
North Dakota Farmers Union Foundation Jamestown, ND | $258,278 | $297,826 |
Griggs-Steele Empowerment Zone Inc Finley, ND | $5,018,876 | $162,623 |