Smart North
- Assets
- $200.6k
- Revenue
- $399.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2023
- EIN
- 86-3782715
Organization Overview
Smart North is located in Minneapolis, MN. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smart North 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 12/2023, Smart North generated $399.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $512.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.SMART NORTH IS A 501C3 NON-PROFIT THAT WAS FOUNDED IN 2020 BY A DIVERSE SET OF TECH ENTREPRENEURS AND ACADEMICS. THE ORGANIZATION WORKS IN PARTNERSHIP WITH PUBLIC-PRIVATE-ACADEMIC-CIVIC-COMMUNITY LEADERS AND ORGANIZATIONS IN A NUMBER OF MINNESOTA'S RURAL AND URBAN MARGINALIZED COMMUNITIES. SMART NORTH'S MISSION IS TO DRIVE DIGITAL EQUITY AND TRANSFORM LIVABILITY IN MN. WE BELIEVE THAT IN A POST-PANDEMIC AND GEORGE FLOYD WORLD DIGITAL EQUITY IS THE NEXT BIG EQUALIZER TO SUCCESSFULLY PARTAKE IN THE 21ST-CENTURY DIGITAL ECONOMY AND LIVABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MADE SIGNIFICANT PROGRESS TOWARDS OUR MISSION AND GOALS IN OUR FIRST FULL OPERATING YEAR FOR THE TWO TECH HUBS AND THE ORGANIZATION. WE WERE ABLE TO ENGAGE AND SERVE OVER 500 YOUTH FROM AGES 12 TO 20+ ACROSS THE TWO TECH HUBS - ONE IN SOUTH MINNEAPOLIS, IN THE GEORGE FLOYD NEIGHBORHOOD AND THE SECOND IN THE DEER RIVER/ LEECH LAKE AREA. THESE YOUTH COME FROM UNDERSERVED COMMUNITIES MOSTLY WITH MEDIAN INCOME BELOW THE NATIONAL POVERTY LEVELS AND ARE PRIMARILY BIPOC. WE FORGED STRONG PARTNERSHIPS WITH LOCAL SCHOOLS AND YOUTH ORGANIZATIONS TO ACCESS THESE YOUTH. AS WELL AS WITH INDUSTRY EXPERTS AND PARTNERS TO CONDUCT TECH TRAINING AND MENTORSHIP FOR OUR YOUTH IN VARIETY OF TECH AREAS WHICH RANGED FROM HIGH TECH TO CREATIVE TECH INCLUDING, CYBERSECURITY, METAVERSE, 3D PRINTING, SPORTS TECH, DRONES, CRYPT, ENTREPRENEURSHIP, MUSIC TECH, ROBOTICS ETC EITHER AS UNSTRUCTURED AND EXPLORATORY BOOTCAMPS AND AS MULTI WEEK FOUNDATIONAL LEARN AND EARN PROGRAMS WHERE YOUTH COULD EARN STIPEND FOR COMPLETING THE PROGRAM AND VARIOUS LEARNING MILESTONES WITHIN. SMART NORTH, WHILE FOCUSED ON CREATING ACCESS TO LEADING EDGE AND HIGH DEMAND 21ST CENTURY TECH SKILLS FOR UNDERSERVED COMMUNITIES ALSO PROVIDES SEVERAL SUPPORT SERVICES SUCH AS WARM MEALS, CLOTHING AND SEL TO OUR PARTICIPANTS TO BRING DOWN THE BARRIERS. WE HAVE SERVED OVER 3000 MEALS IN THE FIRST YEAR ITSELF. OUR TECH HUB TEAMS CONSIST OF LOCALLY HIRED MEMBERS WHO COME FROM THE COMMUNITIES WE SERVE WHO HAVE DONE A WONDERFUL JOB OF PROVIDING CULTURALLY SENSITIVE SUPPORT AND SERVICES TO OUR PARTICIPANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sabina Saksena Chair | OfficerTrustee | 2 | $21,125 |
Tayo Daniel Director | Trustee | 2 | $17,500 |
Tom Fisher Director | Trustee | 2 | $0 |
William Preble Past Treasurer | Trustee | 2 | $42,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $399,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $399,856 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,827 |
| Compensation of current officers, directors, key employees. | $16,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,300 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,699 |
| Advertising and promotion | $8,814 |
| Office expenses | $1,889 |
| Information technology | $11,775 |
| Royalties | $0 |
| Occupancy | $2,345 |
| Travel | $10,883 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,632 |
| Insurance | $4,880 |
| All other expenses | $60 |
| Total functional expenses | $512,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,400 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,995 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $101,209 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $200,604 |
| Accounts payable and accrued expenses | $220 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,989 |
| Total liabilities | $22,209 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $178,395 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $200,604 |