Minnesota · Nonprofit
TOWERSIDE INNOVATION DISTRICT
TOWERSIDE INNOVATION DISTRICT (Minnesota) receives grants from 2 organizations whose IRS filings report $1,260,000 to it, the largest being The McKnight Foundation ($1,220,000). 2 of them have funded it in more than one year.
- Revenue FY2024
- $457k
- Funders on record
- 2
- Grants received
- $1.3M
- Net assets
- $148k
What Towerside Innovation District does
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.
As stated on its FY2024 Form 990.
Program
1. Completed the granary crossing technical feasibility study with public and agency partners.2. Collaborated with property owners to serve as the operator of the above standard enhancements on green 4th street3. Participated in community events and gatherings to foster relationships 4. Hosted an annual meeting and holiday gathering with guest speakers and activities to engage towerside's supported organizations and to support connections within the community. 5. Completed a framework and initial action-plan to guide implementation of towerside's resilient and sustainable community work.
$46,224 spent$36,195 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $46,224.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $50k to $1.2M (+2210%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 30% · 2022 8% · 2024 10%. Grants only. Government contracts and fees sit inside program revenue.
85% of TOWERSIDE INNOVATION DISTRICT’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Stephen Klimek
Executive director
Board chair
Sabina Saksena
Chairperson
As listed on its FY2024 Form 990.
Who funds it, year by year
2019 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $110k → $-25000.
From the IRS filings of TOWERSIDE INNOVATION DISTRICT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
TOWERSIDE INNOVATION DISTRICT leans on a few funders — its largest provides 97% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2019 91% · 2020 100% · 2021 99% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
97% of TOWERSIDE INNOVATION DISTRICT's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
TOWERSIDE INNOVATION DISTRICT holds deeper cash reserves than three-quarters of the 11,971 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 11,971 community improvement nonprofits $100k–$1M, FY2024
Organizations like TOWERSIDE INNOVATION DISTRICT
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
13% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for TOWERSIDE INNOVATION DISTRICT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds TOWERSIDE INNOVATION DISTRICT?
- TOWERSIDE INNOVATION DISTRICT (Minnesota) receives grants from 2 organizations whose IRS filings report $1,260,000 to it, the largest being The McKnight Foundation ($1,220,000). 2 of them have funded it in more than one year.
- How many funders does TOWERSIDE INNOVATION DISTRICT have?
- IRS filings report 2 organizations giving $1,260,000 in grants to TOWERSIDE INNOVATION DISTRICT, 2 of which have funded it in more than one year.
- Who is the largest funder of TOWERSIDE INNOVATION DISTRICT?
- The McKnight Foundation is the largest funder on record, with $1,220,000 in grants. The full list of funders is on this page.
- How can an organization like TOWERSIDE INNOVATION DISTRICT find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Towerside Innovation District →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing