Mission
PROMOTION OF ECONOMIC DEVELOPMENT THROUGH REDUCED FACILITY COSTS AND MENTORSHIP OF START UP BUSINESSES AND FACILITATING GROWTH OF EXISTING BUSINESSES.
Public Charity
OWATONNA BUSINESS INCUBATOR INC
OWATONNA BUSINESS INCUBATOR INC, of OWATONNA, MN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $282K in revenue, $369K in expenses, $365K in total assets. 1 publicly reported grants to this organization, totaling roughly $20K, appear in IRS filings.
EIN: 411644556
OWATONNA, MN
Small Business Development
NTEE: S43
Latest filing: 2024
Total Revenue$282K
Total Expenses$369K
Total Assets$365K
Grant Records1
Funding Total$20K
Filing Years2019–2024
Where $100 goes at Owatonna Business Incubator Inc
How Owatonna Business Incubator Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$86
Programs
the work itself
$14
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $86 for programs
$72
The Owatonna Business Incubator had manufacturing tenants throughout 2016
$14
The business consulting program met with business clients in the development stage and new business stage
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
CO.STARTERS FOR OWATONNA AREA
$20,000
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
DIRECTOR
Ali Diriye
DIRECTOR
Ben Cass
DIRECTOR
Brent Svenby
SECRETARY
Dan Boeke
DIRECTOR
Greg Johnson
PRESIDENT
Joe Effertz
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $282K | $369K | $365K |
| 2023 | $236K | $198K | $450K |
| 2022 | $229K | $133K | $411K |
| 2020 | $199K | $177K | $256K |
| 2019 | $210K | $156K | $236K |
Between 2019 and 2024, reported annual revenue grew from $210K to $282K (+34%), with total assets most recently reported at $365K.
Interactive year-over-year charts and full filing details available with membership.