Towerside Innovation District

Community development organization based in Minneapolis, MN. 1 employees. Exempt under §501(c)(3).

MissionTOWERSIDE 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.

Financial snapshot · TY 2024

$457K
Total revenue
$365K
Total expenses
$853K
Net assets

Financial health · TY 2024

14
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
20
3.6 months of expenses
Program efficiency
0
12.7% spent on programs
Revenue diversity
29
Mix of program fees, grants & contributions

Leadership compensation

Stephen Klimek
EXECUTIVE DIRECTOR
$83,000
58th percentile vs. peers

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Towerside Innovation District Executive Compensation | 990 Data | DoubleNine