Enterprise Minnesota Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO PROMOTE ECONOMIC GROWTH AND JOB CREATION THROUGH APPLIED RESEARCH, TECHNOLOGY TRANSFER, AND PRODUCTIVE DEVELOPMENT.
- Income
- $6.9 million
- Spending
- $7.0 million
- Spent on programs
- 88%
- Reserves
- 3.3 months of spending
- Largest source of income
- government grants, 56%
- Employees
- 35
- Volunteers
- 10
- Highest pay
- $282,713, president and ceo
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 68 out of 100. Higher than 37% of charities in its peer group (public benefit, $1m to $10m).
Reserves
20 of 35Spendable reserves would cover 3.3 months of spending.
Debt
10 of 20It owes 46% of what it owns.
Living within its means
8 of 15Spending exceeded income by 1% of income.
Income trend
15 of 15Income rose 2% on the year before.
Spending floor
15 of 1588% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 70% of charities in its peer group (public benefit, $1m to $10m).
Independent board
25 of 258 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $6.1 million spent. ENTERPRISE MINNESOTA HELPS SMALL AND MID-SIZED MANUFACTURERS DEVELOP AND IMPLEMENT STRATEGIES TO GROW BUSINESS. WHETHER WALKING THROUGH THE LEAN MANUFACTURING PROCESS OR TRAINING ON THE LATEST MANAGEMENT STRATEGIES, WE HELP MANUFACTURING BUSINESSES COMPETE AND GROW PROFITABLY. OUR INDUSTRY EXPERTS ARE LOCATED ACROSS MINNESOTA TO HELP CLIENTS ACHIEVE THEIR GOALS AND BECOME WORLD-CLASS MANUFACTURERS. ENTERPRISE MINNESOTA IS AN AFFILIATE OF THE NATIONAL MEP NETWORK PART OF THE U.S. DEPARTMENT OF COMMERCE'S NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY, (NIST), AND ASSISTS SMALL AND MEDIUM SIZED MANUFACTURING COMPANIES BY PROVIDING PRODUCTS AND SERVICES DESIGNED TO HELP THEM SUCCEED. (CONTINUED ON SCHEDULE O)(CONTINUED FROM PART III)ENTERPRISE MINNESOTA HAS SUCCESSFULLY LEVERAGED THIS FEDERAL SUPPORT FOR MORE THAN 30 YEARS AND ADMINISTRATING THE COOPERATIVE AGREEMENT THAT PROVIDES FOR THE MEP CENTER IN MINNESOTA. IN THE PAST THREE YEARS ALONE, WE ACCOMPLISHED THE FOLLOWING: - 53 MINNESOTA COMPANIES RECEIVED CRITICAL BUSINESS ASSISTANCE.- THESE COMPANIES REALIZED A POSITIVE ECONOMIC IMPACT OF $1.5 MILLION TO THEIR BOTTOM LINE IN INCREASED SALES, REDUCED PRODUCTION COSTS, AND IMPROVED EMPLOYEE UTILIZATION. - MORE THAN 6,900 JOBS HAVE BEEN CREATED OR RETAINED. IN ADDITION TO OUR CONSULTING SERVICES, ENTERPRISE MINNESOTA OFFERED THREE GREAT WAYS TO KEEP UP WITH THE LATEST MANUFACTURING NEWS IN MINNESOTA; ENTERPRISE MAGAZINE, E-TRENDS NEWSLETTER, AND THE ANNUAL STATE OF MANUFACTURING POLL, A STATEWIDE RESEARCH PROJECT THAT INCLUDES HUNDREDS OF PHONE SURVEYS AND SEVERAL FOCUS GROUPS WITH MANUFACTURING EXECUTIVES ACROSS THE STATE.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1989.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.