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 Rushford Institute for Nanotechnology
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Bringing high-technology knowledge & skills to rural America!
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For release

June 8, 2006

 

RINTek receives IRS approval for tax exempt status

Will seek grants to begin operations

 

Rushford, MN – June 8, 2006 – Rushford Institute for Nanotechnology (RINTek) today announced the Internal Revenue Service approved their application for tax exempt status as a nonprofit corporation.

  • “With this status now approved, we can begin grant applications to several foundations that are aligned with our educational and societal goals. We can also begin our membership drive. We have planted the seed, now with some revenue to water it, we can begin to bear fruit.“ – Carl Wirtanen, CEO
  • “The City of Rushford has long been a supporter of the Rushford Institute for Nanotechnology and is pleased that this milestone has been achieved. We look to the future with great anticipation of the positive impact of this organization on our community and the surrounding region.” – Windy Block, Rushford City Administrator
  • RINTek is working with Rushford City EDA, Minnesota State College – Southeast Technical, Winona State University, the University of Minnesota, and other organizations to bring about a center of resources that can provide educational information about nanotechnology, its impact, and trrends associated with its dynamic transforming effect on regional industries.  That this is important, is expressed by two of our Southeast Minnesota partners:
    • "Southeast Tech is pleased that RINTek has attained a tax exempt status from the IRS.  Southeast Technical looks forward to collaborating with RINTek in providing educational services to Southeast Minnesota business and industry." - President James Johnson.
    • “Congratulations on your recently designated tax exempt status.  Winona State University is eager to join with you to transform nanotechnology awareness and education. Partnering together to develop rural economies and to integrate nanotechnology into area industries will advance nanotechnology, and provide compelling opportunities to work together in new ways.” – President Judith A Ramaley, Ph.D.

    About Rushford Institute for Nanotechnology

    The Rushford Institute for NanoTechnology, is a new nonprofit corporation that was conceived by local individuals who saw a need and opportunity to bring a new technology to rural America. RINTek intends to be an agent of change in the rural tri-state region as we work with others to bring about two goals of the National Nanotech Initiatives. These initiatives encompass awareness, education, and in general, preparedness for the transforming effects of nanotechnology on all industries and jobs and educational needs in our regions.

    RINTek has several types of memberships at nomimal charge which provide members with various informational and educational services. These are explained on our web site at http://www.rinteknano.com.

    The Rushford location is geographically advantageous by being located along the I-90 corridor between Rochester, MN and LaCrosse, WI. It is central to serving the rural areas in Southeastern Minnesota, Northeastern Iowa, and Western Wisconsin. Many Universities, colleges, and metropolitan areas with some sophisticated industries are located less than a day's drive by car, and thus easily accessible.

     
    [Tax Exempt Status Gained]

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    Last modified: 4/26/06