Towerside Innovation District
Donations deductibleTowerside Innovation District's network
13 people12 organisationsi13 people and 12 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (13). Violet dotted lines (13) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
13 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 12 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Sabina Saksena Chair | Chairperson | 2021 | 5 yrs |
| Dan King | Board Member - Thru March | 2023 | 3 yrs |
| DEL Hampton | Board Member - Starting June | 2018 | 8 yrs |
| Edward Weinberg | Board Member - Starting June | 2024 | 2 yrs |
| Gloria Jeff | Board Member | 2021 | 5 yrs |
| Karen Nelson | Board Member | 2021 | 5 yrs |
| Karl Reichert | Treasurer | 2021 | 5 yrs |
| Kevin Reich | Board Member | 2023 | 3 yrs |
| Metric Giles | Board Member | 2018 | 8 yrs |
| Olivia Leyrer | Company secretary | 2023 | 3 yrs |
| Pat Mascia | Board Member | 2021 | 5 yrs |
| Rachel Placzek | Board Member | 2022 | 4 yrs |
| Richard Gilyard | Vice Chairperson | 2018 | 8 yrs |
Officers and senior leadership
1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Stephen Klimek | Project Manager | since 2018 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Stephen Klimek | Executive Director | 40 | $83k | ||
| Sabina Saksena | Chairperson | 10 | $0 | ||
| Richard Gilyard | Vice Chairperson | 10 | $0 | ||
| Olivia Leyrer | Secretary | 2 | $0 | ||
| Karl Reichert | Treasurer | 4 | $0 | ||
| Rachel Placzek | Board Member | 2 | $0 | ||
| Pat Mascia | Board Member | 0.5 | $0 | ||
| Metric Giles | Board Member | 2 | $0 | ||
| Kevin Reich | Board Member | 0.5 | $0 | ||
| Karen Nelson | Board Member | 0.5 | $0 | ||
| Gloria Jeff | Board Member | 2 | $0 | ||
| Dan King | Board Member - Thru March | 0.5 | $0 | ||
| Del Hampton | Board Member - Starting June | 0.5 | $0 | ||
| Edward Weinberg | Board Member - Starting June | 0.5 | $0 |
About
- Legal name
- Towerside Innovation District
- EIN
- 823639718
- Address
- 3000 University Ave Se Ste 100, Minneapolis, MN, 55414-3357
- State
- Minnesota
- 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 filed on the Form 990)
- Activity (NTEE)
- S11 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 5 (IRS master file code)
- Formed
- 2018
- Principal officer
- Stephen Klimek (as named on the Form 990)
- IRS ruling date
- 1 August 2018
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- SO (contributions deductible)
Most connected
Longest observed on the filings
≥8years on the filingsDEL Hampton
≥8years on the filingsMetric Giles
≥8years on the filingsRichard Gilyard
≥5years on the filingsSabina Saksena
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $853k
- Total liabilities
- $705k
- Net assets or fund balances
- $148k
- Contributions and grants received
- $386k
- Program service revenue
- $36k
- Employees
- 1
- Volunteers
- 15
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $457k | $365k | $93k |
As filed on the IRS Form 990. US dollars.