Nonprofits›Towerside Innovation District

Community Improvement & Capacity Building

Towerside Innovation District

MINNEAPOLIS, MN

Website

Total revenue

$457K

Total expenses

$365K

Net assets

$148K

Grants received

$2.3M

8 grants

EIN

823639718

Tax year

2024

Mission

Towerside works together with other mission-driven, community-based, educational, environmental and governmental organizations in the creation and continuance of a sustainable community of discovery and innovation in the towerside district of minneapolis and saint paul.

Financials

FY 2024

Revenue

Contributions & grants$386K
Program service revenue$36K
Investment income$35K
Other revenue—
Total revenue$457K

Expenses

Grants paid—
Salaries & benefits$89K
Fundraising$13K
Other expenses$275K
Total expenses$365K
Total assets$853K
Net assets$148K

People

14 listed

NameRoleCompensation

STEPHEN KLIMEK

EXECUTIVE DIRECTOR

Board

$83K

40 hrs/wk

RICHARD GILYARD

VICE CHAIRPERSON

Board

—

10 hrs/wk

OLIVIA LEYRER

SECRETARY

Board

—

2 hrs/wk

KARL REICHERT

TREASURER

Board

—

4 hrs/wk

RACHEL PLACZEK

BOARD MEMBER

Board

—

2 hrs/wk

PAT MASCIA

BOARD MEMBER

Board

—

0.5 hrs/wk

METRIC GILES

BOARD MEMBER

Board

—

2 hrs/wk

SABINA SAKSENA

CHAIRPERSON

Board

—

10 hrs/wk

KAREN NELSON

BOARD MEMBER

Board

—

0.5 hrs/wk

GLORIA JEFF

BOARD MEMBER

Board

—

2 hrs/wk

DAN KING

BOARD MEMBER - THRU MARCH

Board

—

0.5 hrs/wk

DEL HAMPTON

BOARD MEMBER - STARTING JUNE

Board

—

0.5 hrs/wk

EDWARD WEINBERG

BOARD MEMBER - STARTING JUNE

Board

—

0.5 hrs/wk

KEVIN REICH

BOARD MEMBER

Board

—

0.5 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
The McKnight Foundation
—
To engage the surrounding community to advance a larger district system which other parcels/properties could then connect to
2023
The McKnight Foundation
$1M
to complete an innovative low-carbon district energy system
2021
The McKnight Foundation
$1M
to complete an innovative low-carbon district energy system
2021
The McKnight Foundation
$100K
for general operating support, and to advance a district energy system in Towerside and implement the community's vision of Towerside as a mixed-income, transit-oriented development innovation district
2021
The McKnight Foundation
$100K
for general operating support, and to advance a district energy system in Towerside and implement the community's vision of Towerside as a mixed-income, transit-oriented development innovation district
2021
The McKnight Foundation
$45K
for general operating support, and to advance a district energy system in Towerside and implement the community's vision of Towerside as a mixed-income, transit-oriented development innovation district
2021
The McKnight Foundation
$45K
for general operating support, and to advance a district energy system in Towerside and implement the community's vision of Towerside as a mixed-income, transit-oriented development innovation district
2021
RUCKER FAMILY CHARITABLE TRUST
$20K
GENERAL
2020

Funded by

$2.3M from 2 funders · 8 grants · 2020–2023

The McKnight Foundation

$2.3M · 7 grants · 2021–2023

Rucker Family Charitable Trust

$20K · 1 grant · 2020

Details

EIN823639718
NTEE codeS11
Subsection03
Ruling date2018-08
Formed2018
Employees1
Volunteers15
TOWERSIDE INNOVATION DISTRICT — Mission, Financials & Grants Received | Grantivo