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Owatonna Incubator Inc

  • Owatonna, MN
  • Tax-exempt since Feb. 1990
  • EIN: 41-1644556

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Management Services for Small Business, Entrepreneurs (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$282k (2024)

Expenses
$369k (2024)

Total Assets
$365k (2024)

Total Liabilities
$7.77k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$281,902
Expenses
$368,503
Net Income
-$86,601
Net Assets
$356,788
Notable Sources of Revenue Percent of Total Revenue
Contributions $55,030
19.5%
Program Services $226,239
80.3%
Investment Income $633
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $101,250
27.5%
Professional Fundraising Fees $0
Other Salaries and Wages $19,418
5.3%
Assets/Debt
Total Assets $364,554
Total Liabilities $7,766
Net Assets $356,788
Compensation
Key Employees and Officers Compensation Related Other
Sean Williams (Executive Di) $101,250 $0 $0
Kris Busse (Ex Officio) $0 $0 $0
Ben Cass (Director) $0 $0 $0
Ali Diriye (Director) $0 $0 $0
Greg Johnson (Director) $0 $0 $0
Troy Klecker (Director) $0 $0 $0
Brent Svenby (Director) $0 $0 $0
Dan Boeke (Secretary) $0 $0 $0
Joe Effertz (President) $0 $0 $0
Timothy Linders (Treasurer) $0 $0 $0
Tammy Schmoll (Past Preside) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$235,748
Expenses
$198,087
Net Income
$37,661
Net Assets
$443,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $51,000
21.6%
Program Services $184,394
78.2%
Investment Income $354
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,333
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $6,098
3.1%
Assets/Debt
Total Assets $450,178
Total Liabilities $6,789
Net Assets $443,389
Compensation
Key Employees and Officers Compensation Related Other
Sean Williams (Executive Di) $33,333 $0 $0
Kris Busse (Ex Officio) $0 $0 $0
Ben Cass (Director) $0 $0 $0
Kenneth Johnson (Director) $0 $0 $0
Troy Klecker (Director) $0 $0 $0
Brent Svenby (Director) $0 $0 $0
Reagan West (Director) $0 $0 $0
Dan Boeke (Secretary) $0 $0 $0
Joe Effertz (President) $0 $0 $0
Greg Johnson (Vice Preside) $0 $0 $0
Timothy Linders (Treasurer) $0 $0 $0
Tammy Schmoll (Past Preside) $0 $0 $0
+ View more people

Document Links

990
Filed on May 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$229,357
Expenses
$133,001
Net Income
$96,356
Net Assets
$405,728
Notable Sources of Revenue Percent of Total Revenue
Contributions $53,000
23.1%
Program Services $176,199
76.8%
Investment Income $158
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $51,586
38.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,666
2.8%
Assets/Debt
Total Assets $410,846
Total Liabilities $5,118
Net Assets $405,728
Compensation
Key Employees and Officers Compensation Related Other
William Owens (Executive Di) $51,586 $0 $0
Kris Busse (Ex Officio) $0 $0 $0
Ben Cass (Director) $0 $0 $0
Kenneth Johnson (Director) $0 $0 $0
Troy Klecker (Director) $0 $0 $0
Brent Svenby (Director) $0 $0 $0
Reagan West (Director) $0 $0 $0
Joe Effertz (President) $0 $0 $0
Greg Johnson (Vice Preside) $0 $0 $0
Tammy Schmoll (Past Preside) $0 $0 $0
Daniel Struss (Treasurer) $0 $0 $0
Doug Voss (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 7, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$201,328
Expenses
$142,988
Net Income
$58,340
Net Assets
$309,372
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,000
21.9%
Program Services $157,328
78.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $43,432
30.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,161
2.9%
Assets/Debt
Total Assets $314,065
Total Liabilities $4,693
Net Assets $309,372
Compensation
Key Employees and Officers Compensation Related Other
William Owens (Executive Di) $43,432 $0 $0
Kris Busse (Ex Officio) $0 $0 $0
Ben Cass (Director) $0 $0 $0
Kenneth Johnson (Director) $0 $0 $0
Troy Klecker (Director) $0 $0 $0
Brent Svenby (Director) $0 $0 $0
Reagan West (Director) $0 $0 $0
Joe Effertz (President) $0 $0 $0
Greg Johnson (Vice Preside) $0 $0 $0
Tammy Schmoll (Past Preside) $0 $0 $0
Daniel Struss (Treasurer) $0 $0 $0
Doug Voss (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 4, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$198,881
Expenses
$176,996
Net Income
$21,885
Net Assets
$251,032
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,500
12.3%
Program Services $174,381
87.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $41,870
23.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,460
2.0%
Assets/Debt
Total Assets $255,624
Total Liabilities $4,592
Net Assets $251,032
Compensation
Key Employees and Officers Compensation Related Other
William Owens (Executive Di) $41,870 $0 $0
Mike Beckman (Director) $0 $0 $0
Kris Busse (Ex Officio) $0 $0 $0
Ben Cass (Director) $0 $0 $0
Nathan Dotson (Director) $0 $0 $0
Kenneth Johnson (Director) $0 $0 $0
Dave Pfieffer (Director) $0 $0 $0
Reagan West (Director) $0 $0 $0
Joe Effertz (Vice Preside) $0 $0 $0
Tim Kluender (Treasurer) $0 $0 $0
Tammy Schmoll (President) $0 $0 $0
Doug Voss (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 7, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$210,379
Expenses
$156,356
Net Income
$54,023
Net Assets
$229,147
Notable Sources of Revenue Percent of Total Revenue
Contributions $59,000
28.0%
Program Services $151,373
72.0%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $41,120
26.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,884
1.2%
Assets/Debt
Total Assets $236,005
Total Liabilities $6,858
Net Assets $229,147
Compensation
Key Employees and Officers Compensation Related Other
William Owens (Executive Di) $41,120 $0 $0
Mike Beckman (Director) $0 $0 $0
Mark Bock (Director) $0 $0 $0
Kris Busse (Ex Officio) $0 $0 $0
Ben Cass (Director) $0 $0 $0
Nathan Dotson (Director) $0 $0 $0
Greg Johnson (Director) $0 $0 $0
Kenneth Johnson (Director) $0 $0 $0
Dave Pfieffer (Director) $0 $0 $0
Reagan West (Director) $0 $0 $0
Joe Effertz (Vice Preside) $0 $0 $0
Tim Kluender (Treasurer) $0 $0 $0
Tammy Schmoll (President) $0 $0 $0
Doug Voss (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 11, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$170,044
Expenses
$120,081
Net Income
$49,963
Net Assets
$175,124
Notable Sources of Revenue Percent of Total Revenue
Contributions $49,000
28.8%
Program Services $120,829
71.1%
Investment Income $215
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $222,410
Total Liabilities $47,286
Net Assets $175,124
Compensation
Key Employees and Officers Compensation Other
William Owens (Executive Di) $40,455 $0
Dave Pfieffer (President) $0 $0
Warren Simons (Treasurer) $0 $0
Doug Voss (Secretary) $0 $0
Bill Lawrence (Past Presi) $0 $0
Bob Ayers (Director) $0 $0
Tammy Schmoll (Director) $0 $0
Nathan Dotson (Director) $0 $0
Kenneth Johnson (Director) $0 $0
Scott Mccauley (Director) $0 $0
Ben Cass (Director) $0 $0
Joe Effertz (Director) $0 $0
Patrick Mcdermott (Director) $0 $0
Kris Busse (Ex Officio) $0 $0
Laura Elvelbak (Vice Preside) $0 $0
+ View more people

Document Links

990-EZ
Filed on Nov. 12, 2019

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$155,800
Expenses
$125,938
Net Income
$29,862
Net Assets
$125,161
Notable Sources of Revenue Percent of Total Revenue
Contributions $49,000
31.5%
Program Services $106,695
68.5%
Investment Income $105
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $129,143
Total Liabilities $3,982
Net Assets $125,161
Compensation
Key Employees and Officers Compensation Other
William Owens (Executive Di) $38,924 $0
Dave Pfieffer (President) $0 $0
Laura Elvelbak (Vice Preside) $0 $0
Warren Simons (Treasurer) $0 $0
Doug Voss (Secretary) $0 $0
Bill Lawrence (Past Presi) $0 $0
Bob Ayers (Director) $0 $0
Tammy Schmoll (Director) $0 $0
Nathan Dotson (Director) $0 $0
Kenneth Johnson (Director) $0 $0
Scott Mccauley (Director) $0 $0
Ben Cass (Director) $0 $0
Joe Effertz (Director) $0 $0
Patrick Mcdermott (Director) $0 $0
Kris Busse (Ex Officio) $0 $0
+ View more people

Document Links

990-EZ
Filed on May 14, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$174,905
Expenses
$130,818
Net Income
$44,087
Net Assets
$95,299
Notable Sources of Revenue Percent of Total Revenue
Contributions $62,068
35.5%
Program Services $112,587
64.4%
Investment Income $0
Net Fundraising $0
Sales of Assets $250
0.1%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $99,051
Total Liabilities $3,752
Net Assets $95,299
Compensation
Key Employees and Officers Compensation Other
William Owens (Executive Di) $37,385 $0
Bill Lawrence (President) $0 $0
Dave Pfieffer (Vice Preside) $0 $0
Warren Simons (Treasurer) $0 $0
Greg Schultz (Secretary) $0 $0
Steve Smith (Director) $0 $0
Nathan Dotson (Director) $0 $0
Scott Mccauley (Director) $0 $0
Sara Morris (Director) $0 $0
Katie Nelson (Director) $0 $0
Bob Ayers (Director) $0 $0
Beth Fondell (Director) $0 $0
Kenneth Johnson (Director) $0 $0
Kris Busse (Ex Officio) $0 $0
+ View more people

Document Links

990-EZ
Filed on May 15, 2017

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$145,445
Expenses
$133,231
Net Income
$12,214
Net Assets
$51,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,950
25.4%
Program Services $108,495
74.6%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $53,393
Total Liabilities $2,181
Net Assets $51,212
Compensation
Key Employees and Officers Compensation Other
Douglas G Johnson (Executive Dir.) $15,442 $0
Bill Owens (Executive Dir.) $15,397 $0
Dave Pfieffer (Vice President) $0 $0
Warren Simons (Treasurer) $0 $0
Beth Fondell (Treasurer) $0 $0
Bob Ayers (Director) $0 $0
Katie Nelson (Director) $0 $0
Kenneth Johnson (Director) $0 $0
Nathan Dotson (Director) $0 $0
Greg Schultz (Secretary) $0 $0
Kris Busse (Director) $0 $0
Scott Mccauley (Director) $0 $0
William Lawrence (President) $0 $0
Sara Morris (Director) $0 $0
Ben Cass (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on May 12, 2016

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$90,658
Expenses
$134,994
Net Income
-$44,336
Net Assets
$38,998
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,720
38.3%
Program Services $55,891
61.7%
Investment Income $47
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $56,060
Total Liabilities $17,062
Net Assets $38,998

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$91,212
Expenses
$155,352
Net Income
-$64,140
Net Assets
$83,959
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,905
45.9%
Program Services $48,977
53.7%
Investment Income $330
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $86,006
Total Liabilities $2,047
Net Assets $83,959

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$132,299
Expenses
$155,281
Net Income
-$22,982
Net Assets
$148,099
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,710
33.8%
Program Services $86,862
65.7%
Investment Income $727
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $150,342
Total Liabilities $2,243
Net Assets $148,099

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$183,671
Expenses
$159,372
Net Income
$24,299
Net Assets
$180,081
Notable Sources of Revenue Percent of Total Revenue
Contributions $49,888
27.2%
Program Services $133,656
72.8%
Investment Income $127
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $182,262
Total Liabilities $2,181
Net Assets $180,081

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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