SOUTHERN MINNESOTA INITIATIVE FOUNDATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHERN MINNESOTA INITIATIVE FOUNDATION (EIN 36-3454285)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-04-24
- IRS object ID
- 202531149349300813
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-04-24T09:44:08-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 227 WEST FIRST STREET SUITE 700 | AddressLine1Txt |
| City | DULUTH | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363454285 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHERN MINNESOTA INITIATIVE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUT | BusinessNameControlTxt |
| Phone | 5074553215 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 FLORENCE AVE | AddressLine1Txt |
| City | OWATONNA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55060 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIAN CONZEMIUS | PersonNm |
| Person Title | VICE PRESIDENT/CFO | PersonTitleTxt |
| Phone | 5074553215 | PhoneNum |
| Signature | 2025-04-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIE BOYER | PreparerPersonNm |
| PTIN | P01278549 | PTIN |
| Phone | 2187275025 | PhoneNum |
| Preparation | 2025-04-22 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TIMOTHY PENNY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 FLORENCE AVE | AddressLine1Txt |
| City | OWATONNA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55060 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $27,218,041 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SMIFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1986 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | INVESTS FOR ECONOMIC GROWTH IN THE 20 COUNTIES OF SOUTH CENTRAL AND SOUTHEASTERN MINNESOTA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 24 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | -$6,499 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,779,553 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,130,483 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $183,507 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $199,701 | CYProgramServiceRevenueAmt |
| PY Investment Income | $927,741 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,030,453 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$13,901 | PYOtherRevenueAmt |
| CY Other Revenue | $67 | CYOtherRevenueAmt |
| PY Total Revenue | $5,876,900 | PYTotalRevenueAmt |
| CY Total Revenue | $8,360,704 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,006,165 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,163,893 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,042,467 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,793,547 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $278,013 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,438,748 | PYOtherExpensesAmt |
| CY Other Expenses | $1,948,741 | CYOtherExpensesAmt |
| PY Total Expenses | $6,487,380 | PYTotalExpensesAmt |
| CY Total Expenses | $6,906,181 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$610,480 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,454,523 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $69,745,601 | TotalAssetsBOYAmt |
| Total Assets EOY | $75,903,981 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $8,760,569 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,058,949 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $60,985,032 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $66,845,032 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SOUTHERN MINNESOTA INITIATIVE FOUNDATION IS A REGIONAL DEVELOPMENT AND PHILANTHROPIC ORGANIZATION THAT FOSTERS ECONOMIC AND COMMUNITY VITALITY IN 20 COUNTIES OF SOUTHERN MINNESOTA THROUGH A CULTURE OF COLLABORATION AND PARTNERSHIP, WITH A FOCUS ON ENTREPRENEURS AND EARLY CHILDHOOD DEVELOPMENT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,801,730 | ExpenseAmt |
| Grant | $984,135 | GrantAmt |
| Revenue | $199,701 | RevenueAmt |
| Desc | SOUTHERN MINNESOTA INITIATIVE FOUNDATION PROVIDES GRANTS, LOANS AND TECHNICAL ASSISTANCE TO BUSINESSES, LOCAL GOVERNMENTS AND NONPROFIT ORGANIZATIONS THAT ACCELERATE THE CREATION OF NEW BUSINESSES AND INNOVATIVE VENTURES THAT WILL SHAPE OUR ECONOMY THROUGH PARTNERSHIPS IN OUR REGION. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,132,584 | ExpenseAmt |
| Grant | $2,179,758 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | SOUTHERN MINNESOTA INITIATIVE FOUNDATION PROVIDES GRANTS, EDUCATIONAL RESOURCES AND TECHNICAL ASSISTANCE TO LOCAL GOVERNMENTS, COMMUNITY PARTNERSHIPS AND NONPROFIT ORGANIZATIONS IN EARLY CHILDHOOD EDUCATION. THE EARLY CHILDHOOD PROGRAM PROVIDES RESOURCES THAT STRENGTHEN EARLY CHILDHOOD EFFORTS SO THAT YOUNG CHILDREN WILL HAVE A HEALTHY LIFE OF LEARNING, ACHIEVING AND SUCCEEDING. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $18,814 | ExpenseAmt |
| Revenue | $0 | RevenueAmt |
| Desc | SOUTHERN MINNESOTA INITIATIVE FOUNDATION ADMINISTERS THE AMERICORPS-SOUTHERN MINNESOTA GRANT FOCUSING ON EARLY CHILDHOOD. SUPPORTED AMERICORPS MEMBERS SERVE IN NON-PROFITS AND SCHOOLS THROUGHOUT THE 20 COUNTY AREA WORKING WITH PRESCHOOL CHILDREN ON EARLY LITERACY, SOCIAL-EMOTIONAL, AND SCHOOL READINESS SUPPORT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $5,953,128 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 36 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 24 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| DAF Excess Business Holdings | 0 | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | 0 | TaxableDistributionsInd |
| Distribution To Donor | 0 | DistributionToDonorInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRIAN CONZEMIUS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5074553215 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 FLORENCE AVE | AddressLine1Txt |
| City | OWATONNA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55060 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| TIMOTHY PENNY | |||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | $164,038 | $0 | $42,110 | ||
| BRIAN CONZEMIUS | |||||||
| VICE PRESIDENT/CFO | 40.00 | Yes (X) | $131,445 | $0 | $17,162 | ||
| PAMELA BISHOP | |||||||
| VP OF ECONOMIC DEVELOPMENT | 40.00 | $108,156 | $0 | $43,403 | Yes (X) | ||
| RAE JEAN HANSEN | |||||||
| VP OF EARLY CHILDHOOD | 40.00 | $115,107 | $0 | $7,085 | Yes (X) | ||
| JAKE ANDERSON | |||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| CHRIS SCHAD | |||||||
| SECRETERY | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| SHAWN VOGT SWEEN | |||||||
| CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ERIN MEIER | |||||||
| VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ERIN BAILEY | |||||||
| MEMBER AT LARGE | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| BOB MANN | |||||||
| MEMBER AT LARGE | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| IAN BENTS | |||||||
| MEMBER AT LARGE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| MATT COY | |||||||
| MEMBER AT LARGE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| BRAD HOINESS | |||||||
| MEMBER AT LARGE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| IBRAHIM HUSSEIN | |||||||
| MEMBER AT LARGE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| HEATHER MILLARD | |||||||
| MEMBER AT LARGE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| ANGEL URIBE | |||||||
| MEMBER AT LARGE | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| XAVIER FRIGOLA | |||||||
| DIRECTOR | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| MATT GOLDADE | |||||||
| DIRECTOR | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| JAMILA IBRAHIM | |||||||
| DIRECTOR | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $518,746 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $109,760 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $115 | FundraisingAmt |
| Government Grants | $1,980,622 | GovernmentGrantsAmt |
| All Other Contributions | $4,149,746 | AllOtherContributionsAmt |
| Noncash Contributions | $506,255 | NoncashContributionsAmt |
| Total Contributions | $6,130,483 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LOAN INTEREST | 525990 | $150,799 | $150,799 |
| PROJECT FEES & REVENUE | 525990 | $38,902 | $38,902 |
| DESIGNATED FUND INCOME | 525990 | $10,000 | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $199,701 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,580,981 | TotalRevenueColumnAmt |
| Exclusion | $1,580,981 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $19,297,814 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $18,848,342 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $449,472 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $449,472 | TotalRevenueColumnAmt |
| Exclusion | $449,472 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $15,561 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $115 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $8,995 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,566 | TotalRevenueColumnAmt |
| Exclusion | $6,566 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| NORTHFIELD REAL ESTATE FUND II LL | 901101 | $2,386 | $2,386 |
| OWATONNA REAL ESTATE FUND LP K-1 | 901101 | -$394 | -$394 |
| SPRING GROVE REAL ESTATE FUND LP | 901101 | -$1,898 | -$1,898 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$6,593 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$6,593 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$6,499 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,360,704 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $199,701 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$6,499 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,037,019 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,769,082 | TotalAmt |
| Program Services | $2,769,082 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $394,811 | TotalAmt |
| Program Services | $394,811 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $356,360 | TotalAmt |
| Program Services | $268,860 | ProgramServicesAmt |
| Management And General | $49,951 | ManagementAndGeneralAmt |
| Fundraising | $37,549 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,161,224 | TotalAmt |
| Program Services | $876,098 | ProgramServicesAmt |
| Management And General | $162,769 | ManagementAndGeneralAmt |
| Fundraising | $122,357 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,535 | TotalAmt |
| Program Services | $34,124 | ProgramServicesAmt |
| Management And General | $8,343 | ManagementAndGeneralAmt |
| Fundraising | $4,068 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,267 | TotalAmt |
| Program Services | $102,002 | ProgramServicesAmt |
| Management And General | $5,874 | ManagementAndGeneralAmt |
| Fundraising | $10,391 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,161 | TotalAmt |
| Program Services | $87,574 | ProgramServicesAmt |
| Management And General | $11,648 | ManagementAndGeneralAmt |
| Fundraising | $11,939 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,766 | TotalAmt |
| Program Services | $56,455 | ProgramServicesAmt |
| Management And General | $5,967 | ManagementAndGeneralAmt |
| Fundraising | $33,344 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,371 | TotalAmt |
| Program Services | $556 | ProgramServicesAmt |
| Management And General | $55,815 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $281,204 | TotalAmt |
| Management And General | $281,204 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $347,565 | TotalAmt |
| Program Services | $325,696 | ProgramServicesAmt |
| Management And General | $17,160 | ManagementAndGeneralAmt |
| Fundraising | $4,709 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,278 | TotalAmt |
| Program Services | $96,820 | ProgramServicesAmt |
| Management And General | $6,821 | ManagementAndGeneralAmt |
| Fundraising | $12,637 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,588 | TotalAmt |
| Program Services | $71,094 | ProgramServicesAmt |
| Management And General | $7,494 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,220 | TotalAmt |
| Program Services | $7,402 | ProgramServicesAmt |
| Management And General | $472 | ManagementAndGeneralAmt |
| Fundraising | $4,346 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,537 | TotalAmt |
| Program Services | $5,566 | ProgramServicesAmt |
| Management And General | $1,279 | ManagementAndGeneralAmt |
| Fundraising | $692 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,183 | TotalAmt |
| Program Services | $27,843 | ProgramServicesAmt |
| Management And General | $17,265 | ManagementAndGeneralAmt |
| Fundraising | $4,075 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,438 | TotalAmt |
| Program Services | $108,707 | ProgramServicesAmt |
| Management And General | $2,613 | ManagementAndGeneralAmt |
| Fundraising | $2,118 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,941 | TotalAmt |
| Program Services | $9,941 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,058 | TotalAmt |
| Program Services | $28,107 | ProgramServicesAmt |
| Management And General | $6,456 | ManagementAndGeneralAmt |
| Fundraising | $3,495 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,831 | TotalAmt |
| Program Services | $30,893 | ProgramServicesAmt |
| Management And General | $7,096 | ManagementAndGeneralAmt |
| Fundraising | $3,842 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| OPERATING EXPENSES | $562,785 | $548,491 | $11,078 | $3,216 |
| JANITORIAL & MAINTENANC | $112,293 | $86,359 | $12,395 | $13,539 |
| DUES AND SUBSCRIPTIONS | $25,683 | $16,647 | $3,340 | $5,696 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,906,181 | TotalAmt |
| Program Services | $5,953,128 | ProgramServicesAmt |
| Management And General | $675,040 | ManagementAndGeneralAmt |
| Fundraising | $278,013 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,412,240 | BOYAmt |
| EOY | $3,174,951 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $326,794 | BOYAmt |
| EOY | $308,745 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,573,716 | BOYAmt |
| EOY | $3,825,868 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,779 | BOYAmt |
| EOY | $54,803 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,146,824 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $683,465 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $424,901 | BOYAmt |
| EOY | $463,359 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,927,082 | BOYAmt |
| EOY | $68,000,843 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,089 | BOYAmt |
| EOY | $75,412 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,745,601 | BOYAmt |
| EOY | $75,903,981 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $199,510 | BOYAmt |
| EOY | $135,121 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,000 | BOYAmt |
| EOY | $8,202 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,266,396 | BOYAmt |
| EOY | $1,126,549 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,620,881 | BOYAmt |
| EOY | $1,701,883 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,663,782 | BOYAmt |
| EOY | $6,087,194 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,760,569 | BOYAmt |
| EOY | $9,058,949 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,481,869 | BOYAmt |
| EOY | $27,263,422 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,503,163 | BOYAmt |
| EOY | $39,581,610 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,985,032 | BOYAmt |
| EOY | $66,845,032 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,745,601 | BOYAmt |
| EOY | $75,903,981 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,454,523 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $4,398,978 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $6,499 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,019,110 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $15,422,166 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $18,206,800 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,779,553 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,130,483 | CurrentTaxYearAmt |
| Total | $47,558,112 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,019,110 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $15,422,166 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $18,206,800 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,779,553 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,130,483 | CurrentTaxYearAmt |
| Total | $47,558,112 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $3,900,337 | SubstantialContributorsTotAmt |
| Public Support Total170 | $43,657,775 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,093,380 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,265,809 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,242,092 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,574,737 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,580,981 | CurrentTaxYearAmt |
| Total | $7,756,999 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,316 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,882 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year | $67 | CurrentTaxYearAmt |
| Total | $20,265 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $55,335,376 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $993,791 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.78900 | PublicSupportCY170Pct |
| Public Support PY170 | 0.79490 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | Yes (1) | MailingsMembersInd |
| Mailings Members | $1,300 | MailingsMembersAmt |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $2,650 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $3,950 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | SUPPORT FOR EARLY CHILDHOOD AND ECONOMIC DEVELOPMENT PROGRAMS | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Funds Held | 16 | DonorAdvisedFundsHeldCnt |
| Donor Advised Funds Contri | $459,502 | DonorAdvisedFundsContriAmt |
| Donor Advised Funds Grants | $634,905 | DonorAdvisedFundsGrantsAmt |
| Donor Advised Funds Vl EOY | $3,789,911 | DonorAdvisedFundsVlEOYAmt |
| Disclosed Org Leg Ctrl | Yes (1) | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | Yes (1) | DisclosedForCharitablePrpsInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $46,499,363 | BeginningYearBalanceAmt |
| Contributions | $740,072 | ContributionsAmt |
| Investment Earnings Or Losses | $5,504,216 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,058,221 | OtherExpendituresAmt |
| End Year Balance | $50,685,430 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $42,775,397 | BeginningYearBalanceAmt |
| Contributions | $1,339,007 | ContributionsAmt |
| Investment Earnings Or Losses | $4,243,536 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,858,577 | OtherExpendituresAmt |
| End Year Balance | $46,499,363 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $49,348,545 | BeginningYearBalanceAmt |
| Contributions | $1,606,157 | ContributionsAmt |
| Investment Earnings Or Losses | -$6,524,466 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,654,839 | OtherExpendituresAmt |
| End Year Balance | $42,775,397 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $39,807,166 | BeginningYearBalanceAmt |
| Contributions | $841,819 | ContributionsAmt |
| Investment Earnings Or Losses | $10,273,770 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,574,210 | OtherExpendituresAmt |
| End Year Balance | $49,348,545 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $38,790,595 | BeginningYearBalanceAmt |
| Contributions | $832,429 | ContributionsAmt |
| Investment Earnings Or Losses | $1,521,922 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,337,780 | OtherExpendituresAmt |
| End Year Balance | $39,807,166 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.34525 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.48220 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.17256 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $68,687 | OtherCostOrOtherBasisAmt |
| Book Value | $68,687 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $821,340 | OtherCostOrOtherBasisAmt |
| Depreciation | $445,389 | DepreciationAmt |
| Book Value | $375,951 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $256,797 | OtherCostOrOtherBasisAmt |
| Depreciation | $238,076 | DepreciationAmt |
| Book Value | $18,721 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $463,359 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT IN PRIVATE COMPANIES | $916,734 | F |
| ENDOWMENT FUNDS | $49,214,967 | F |
| OTHER INVESTMENTS | $17,869,142 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $68,000,843 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| REFUNDABLE ADVANCES | $1,483,372 |
| ASSETS HELD FOR OTHERS | $4,603,822 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,087,194 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $12,493,972 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $4,398,978 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $6,499 | OtherRevenueAmt |
| Revenue Not Reported | $4,405,477 | RevenueNotReportedAmt |
| Revenue Subtotal | $8,088,495 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $281,204 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$8,995 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $272,209 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $8,360,704 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,633,972 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $8,995 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $8,995 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,624,977 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $281,204 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $281,204 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,906,181 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE FOUNDATION HAS DEVELOPED A SPENDING POLICY WHICH USES UP TO 4.5% OF ITS ENDOWMENT BALANCE ANNUALLY TO SUPPORT ITS PROGRAMS AND ACTIVITIES. |
| PART X, LINE 2: | THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR INCOME ON CERTAIN UNRELATED BUSINESS INCOME. AT JUNE 30, 2024 AND 2023, THERE IS NO MATERIAL AMOUNT OF UNRELATED BUSINESS INCOME. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAXES UNDER APPLICABLE MINNESOTA STATUTES. THE FOUNDATION HAS REVIEWED ITS TAX POSITIONS FOR ALL OPEN YEARS AND HAS CONCLUDED THAT NO MATERIAL LIABILITIES EXIST AS OF JUNE 30, 2024 OR 2023. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS PRIOR TO THE FISCAL YEAR ENDED JUNE 30, 2021. THE FOUNDATION HAS NO FEDERAL OR STATE EXAMINATIONS IN PROCESS. THE FOUNDATION WOULD RECOGNIZE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE, IN INCURRED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | UNRELATED BUSINESS LOSS 6,499. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES -8,995. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 8,995. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | BYRON ANNUAL EVENT | Event1Nm |
| Gross Receipts Event1 | $10,220 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $90 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $10,130 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $5,390 | NonCashPrizesEvent1Amt |
| Event2 | ALDEN ANNUAL EVENT | Event2Nm |
| Gross Receipts Event2 | $5,456 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $25 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $5,431 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $3,605 | NonCashPrizesEvent2Amt |
| Gross Receipts Total | $15,676 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $115 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $15,561 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $8,995 | NonCashPrizesTotalEventsAmt |
| Direct Expense Summary Events | $8,995 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $6,566 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (101 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| ALBERT LEA AREA SCHOOLS - EARLY LEARNING | ||||||||||
| 211 RICHWAY DR W | ALBERT LEA | MN | 56007 | 416001171 | GOVERNMENT | $10,500 | $5,984 | FMV | BOOKS | EARLY CHILDHOOD SCREENING 23-24 / CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS |
| ALDEN-CONGER PUBLIC SCHOOL DISTRICT | ||||||||||
| 215 BROADWAY N | ALDEN | MN | 56009 | 416001217 | GOVERNMENT | $10,000 | $0 | UPGRADING EXISTING PLAYGROUND TO BE MORE ALL INCLUSIVE | ||
| ALLIANCE FOR GREATER EQUITY | ||||||||||
| PO BOX 1015 | OWATONNA | MN | 55060 | 411896632 | 501C3 | $15,000 | $0 | BUSINESS RESOURCE NETWORK | ||
| AUSTIN COMMUNITY CHARITABLE FUND | ||||||||||
| 329 N MAIN STE 106L | AUSTIN | MN | 55912 | 363487772 | 501C3 | $10,000 | $0 | AUSTIN COMMUNITY ENTREPRENEUR AND BUSINESS OUTREACH AND SUPPORT | ||
| AUSTIN PUBLIC SCHOOLS EARLY CHILDHOOD | ||||||||||
| 401 3RD AVE NW | AUSTIN | MN | 55912 | 416002526 | GOVERNMENT | $15,000 | $0 | SOCIAL EMOTIONAL CURRICULUM ALIGNMENT AND TRAINING | ||
| BLUE EARTH AREA SCHOOLS | ||||||||||
| 315 6TH ST E | BLUE EARTH | MN | 56013 | 411866487 | GOVERNMENT | $15,000 | $0 | READERS GRANT | ||
| BULLDOG YOUTH BASEBALL | ||||||||||
| 30536 534TH ST | ELGIN | MN | 55932 | 824424401 | 501C3 | $6,000 | $0 | FIELD IMPROVEMENTS | ||
| BYRON PUBLIC SCHOOLS & COMMUNITY EDUCATION | ||||||||||
| 630 1ST ST NW | BYRON | MN | 55920 | 416002825 | GOVERNMENT | $10,000 | $5,440 | FMV | BOOKS | EARLY CHILDHOOD TOY & BOOK LIBRARY / CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS |
| CANTON HISTORICAL SOCIETY | ||||||||||
| 307 N MAIN ST | CANTON | MN | 55922 | 455359416 | 501C3 | $20,000 | $0 | DEPOT RESTORATION | ||
| CHILDRENS MUSEUM OF ROCHESTER INC | ||||||||||
| 1201 12TH STREET SOUTHWEST | ROCHESTER | MN | 55902 | 842749957 | 501C3 | $10,000 | $5,440 | FMV | BOOKS | SPARK MUSEUM TO GO / CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS |
| CHURCH OF ST ANNE OF LE SUEUR | ||||||||||
| 503 N 4TH ST | LE SUEUR | MN | 56058 | 410724077 | 501C3 | $50,000 | $0 | BUILDING IMPROVEMENTS | ||
| CITY OF BYRON | ||||||||||
| 680 BYRON MAIN CT NE | BYRON | MN | 559201637 | 416008945 | GOVERNMENT | $43,567 | $0 | VETERANS MEMORIAL | ||
| CITY OF CALEDONIA | ||||||||||
| 231 MAIN E | CALEDONIA | MN | 55921 | 410889423 | GOVERNMENT | $10,000 | $0 | HOLIDAY POP UP SHOP INCENTIVE PROGRAM | ||
| CITY OF CANTON | ||||||||||
| 106 MAIN ST N | CANTON | MN | 559220092 | 416005034 | GOVERNMENT | $15,000 | $0 | VETERAN MEMORIAL EXPANSION | ||
| CITY OF ELKTON | ||||||||||
| 115B MAIN STREET | ELKTON | MN | 55933 | 411316236 | GOVERNMENT | $7,500 | $0 | CITY OF ELKTON 2.3 UPDATE | ||
| CITY OF FOUNTAIN | ||||||||||
| 104 MAIN ST | FOUNTAIN | MN | 559350115 | 411477575 | GOVERNMENT | $11,080 | $0 | COMMUNITY PROJECT | ||
| CITY OF GIBBON | ||||||||||
| 985 1ST AVE | GIBBON | MN | 553350106 | 416005181 | GOVERNMENT | $10,000 | $0 | PICKLEBALL COURTS | ||
| CITY OF MAPLETON | ||||||||||
| 104 2ND AVE NE | MAPLETON | MN | 560650366 | 416005347 | GOVERNMENT | $25,000 | $0 | HEATHER CURLING CLUB CHILLER UPDATE / DAYCARE PROJECT | ||
| CITY OF NEW PRAGUE | ||||||||||
| 118 CENTRAL AVE N | NEW PRAGUE | MN | 56071 | 416005410 | GOVERNMENT | $6,631 | $0 | DISC GOLF IMPROVEMENTS AT SOUTHSIDE PARK | ||
| CITY OF PLAINVIEW | ||||||||||
| 241 BROADWAY W | PLAINVIEW | MN | 55964 | 411650465 | GOVERNMENT | $30,000 | $0 | NATIONAL SERVICE PARK / POOL PASSES | ||
| CITY OF RED WING | ||||||||||
| 315 4TH ST W | RED WING | MN | 550662504 | 406005482 | GOVERNMENT | $25,000 | $0 | TREE REPLACEMENT PROJECT / RED WING PICKLEBALL COURTS | ||
| CITY OF RUSHFORD | ||||||||||
| 101 MILL ST N | RUSHFORD | MN | 559710430 | 416005505 | GOVERNMENT | $20,000 | $0 | TRAIL EXTENSION / LIBRARY CITY PARK GAZEBO | ||
| CITY OF SPRING VALLEY | ||||||||||
| 201 BROADWAY ST S | SPRING VALLEY | MN | 55975 | 416005554 | GOVERNMENT | $20,000 | $0 | SPRING CREEK PARK COURT | ||
| CITY OF STEWARTVILLE | ||||||||||
| 105 1ST ST E | STEWARTVILLE | MN | 55976 | 416005563 | GOVERNMENT | $7,395 | $0 | BRINGING VIRTUAL MEETING AMENITIES TO STEWARTVILLE | ||
| CITY OF WABASHA | ||||||||||
| 900 HIAWATHA DR E | WABASHA | MN | 559810262 | 416005601 | GOVERNMENT | $96,500 | $0 | WABASHA ATHLETIC FIELD / POOL PASS PROGRAM | ||
| CITY OF WATERVILLE | ||||||||||
| 200 3RD ST S | WATERVILLE | MN | 560961413 | 416005623 | GOVERNMENT | $8,500 | $0 | PICKLEBALL COURT | ||
| CITY OF WYKOFF | ||||||||||
| 106 GOLD ST N | WYKOFF | MN | 55990 | 416005657 | GOVERNMENT | $12,000 | $0 | YOUTH SOFTBALL BALLFIELD | ||
| COLLIDER FOUNDATION | ||||||||||
| 221 1ST AVE SW STE 610 | ROCHESTER | MN | 55902 | 831815046 | 501C3 | $20,000 | $0 | BUSINESS BOOTCAMP FOR ENTREPRENEURIAL STARTERS | ||
| COMMUNITY ACTION CENTER OF NORTHFIELD INCORPORATED | ||||||||||
| 1651 JEFFERSON PKWY STE HS-200 | NORTHFIELD | MN | 55057 | 410970984 | 501C3 | $10,000 | $0 | COMMUNITY PROJECT | ||
| DUNDAS OKTOBERFEST | ||||||||||
| 1472 FAIRMOUNT AVE | SAINT PAUL | MN | 55105 | 880585001 | 501C3 | $10,000 | $0 | DUNDAS OKTOBERFEST | ||
| ELLENDALE AREA HERITAGE SOCIETY | ||||||||||
| PO BOX 255 | ELLENDALE | MN | 56026 | 460362463 | 501C3 | $10,000 | $0 | COMMUNITY GATHERING PLACE MURAL | ||
| ENGAGE WINONA | ||||||||||
| 119 E THIRD ST | WINONA | MN | 55987 | 822726124 | 501C3 | $15,000 | $0 | ENGAGE WINONA CAPACITY BUILDING | ||
| EXCHANGE CLUB CENTER FOR FAMILY UNITY | ||||||||||
| 1820 HARTLE AVE | OWATONNA | MN | 55060 | 363305404 | 501C3 | $15,000 | $0 | EARLY CHILDHOOD EDUCATION AND SOCIAL-EMOTIONAL SUPPORT FOR CHILDREN AGES 0-5 | ||
| FARIBAULT PUBLIC SCHOOLS | ||||||||||
| 710 17TH ST SW | FARIBAULT | MN | 55021 | 416003618 | GOVERNMENT | $20,000 | $0 | ECFE ON THE GO | ||
| FILLMORE CENTRAL PUBLIC SCHOOLS | ||||||||||
| 700 CHATFIELD AVE | PRESTON | MN | 55965 | 411809022 | GOVERNMENT | $32,200 | $0 | SCHOOL GRANTS / OUTDOOR IMPROVEMENT PROJECT | ||
| FILLMORE COUNTY HISTORICAL SOCIETY | ||||||||||
| 202 COUNTY RD 8 | FOUNTAIN | MN | 55935 | 411512338 | 501C3 | $10,000 | $0 | SINKHOLE TOURISM INITIATIVE | ||
| GOOD EARTH VILLAGE | ||||||||||
| 25303 OLD TOWN DR | SPRING VALLEY | MN | 55975 | 410997269 | 501C3 | $10,000 | $0 | NATURE INTERPRETATION | ||
| HARMONY AREA HISTORICAL SOCIETY | ||||||||||
| 15 2ND ST NW | HARMONY | MN | 55939 | 342045684 | 501C3 | $20,000 | $0 | HISTORIC GRAIN ELEVATOR RESTORATION | ||
| HENDERSON FEATHERS DBA NATIONAL RUBY-THROATED HUMMINGBIRD CENTER | ||||||||||
| 205 6TH STREET SOUTH | HENDERSON | MN | 56044 | 271149431 | 501C3 | $6,000 | $0 | NATIONAL RUBY-THROATED HUMMINGBIRD CENTER PLANNING | ||
| HISPANIC ADVOCACY AND COMMUNITY EMPOWERMENT THROUGH RESEARCH | ||||||||||
| 155 WABASHA AVE S | SAINT PAUL | MN | 55107 | 411900934 | 501C3 | $10,000 | $0 | ENTREPRENEURS OF TOMORROW | ||
| JEREMIAH PROGRAM | ||||||||||
| 2915 JEREMIAH LANE NW | ROCHESTER | MN | 55901 | 411801834 | 501C3 | $10,000 | $0 | EARLY CHILDHOOD BRIDGE SUPPORT FOR SINGLE MOTHERS EXPERIENCING POVERTY | ||
| KASSON-MANTORVILLE COMMUNITY EDUCATION | ||||||||||
| 606 16TH ST NE | KASSON | MN | 55944 | 416008530 | GOVERNMENT | $20,000 | $5,005 | FMV | BOOKS | EARLY INDICATORS AND NATURE BASED LEARNING / KASSON-MANTORVILLE STUDENT AND COMMUNITY HEALTH AND WELLBEING EXPANSION / CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS |
| KASSON-MANTORVILLE NURSERY GROUP INCORPORATED | ||||||||||
| 409 8TH ST NW | KASSON | MN | 559441072 | 411263635 | 501C3 | $20,000 | $0 | NURTURING YOUNG MINDS: A COMPREHENSIVE CURRICULUM FOR AGES 0-5 | ||
| KENYON-WANAMINGO SCHOOLS | ||||||||||
| 400 6TH ST | KENYON | MN | 55946 | 411789357 | GOVERNMENT | $10,150 | $0 | OUTDOOR CLASSROOM | ||
| LAKE CITY PORT AUTHORITY | ||||||||||
| 205 CENTER ST W | LAKE CITY | MN | 55041 | 411601234 | GOVERNMENT | $10,000 | $0 | RETHOS DOWNTOWN ASSESSMENT IMPLEMENTATIONS | ||
| LAKE CRYSTAL AREA RECREATION CENTER ASSOCIATION INC | ||||||||||
| 621 W NATHAN ST | LAKE CRYSTAL | MN | 560552116 | 411867907 | 501C3 | $10,000 | $0 | FIT KIDS AFTER SCHOOL PROGRAM | ||
| LANESBORO AREA CHAMBER OF COMMERCE | ||||||||||
| 100 MILWAUKEE RD | LANESBORO | MN | 559490348 | 411829430 | 501C6 | $6,854 | $0 | CITY REBRAND | ||
| LAURA BAKER SERVICES ASSOCIATIONS | ||||||||||
| 211 OAK ST | NORTHFIELD | MN | 55057 | 411291483 | 501C3 | $10,000 | $0 | GENERAL SUPPORT | ||
| LEGACY FUND OF LE SUEUR ROTARY | ||||||||||
| 101 BRIDGE ST | LE SUEUR | MN | 56058 | 411976100 | 501C3 | $10,000 | $0 | DOWNTOWN LE SUEUR WALKING HISTORY & INDUSTRY TOUR | ||
| LEO AUGUSTA CHILDREN'S ACADEMY | ||||||||||
| 824 CENTER AVE N | BLOOMING PRAIRIE | MN | 55917 | 862879682 | 501C3 | $35,000 | $0 | NO PERSON LEFT BEHIND-A SPACE FOR ALL | ||
| LIONS CLUB | ||||||||||
| 30536 534TH ST | ELGIN | MN | 55932 | 237127907 | 501C3 | $10,000 | $0 | WEDGEWOOD PARK | ||
| MANKATO AREA PUBLIC SCHOOLS | ||||||||||
| CENTER FOR LEARNING | MANKATO | MN | 56001 | 416000310 | GOVERNMENT | $15,000 | $0 | EXPANDED ACCESS TO DEVELOPMENT AND MENTAL HEALTH RESOURCES | ||
| MANKATO KIWANIS FOUNDATION | ||||||||||
| 100 WARREN ST SUITE 400 | MANKATO | MN | 56001 | 411908825 | 501C3 | $0 | $44,608 | FMV | BOOKS | CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS |
| MAPLE RIVER CHAMBER OF COMMERCE | ||||||||||
| PO BOX 288 | MAPLETON | MN | 560650288 | 411855221 | 501C6 | $5,198 | $0 | SNOWFLAKE DAZZLE | ||
| MAPLE RIVER SCHOOL DISTRICT | ||||||||||
| 801 CENTRAL AVE S | MAPLETON | MN | 56065 | 411734559 | GOVERNMENT | $15,000 | $0 | READERS GRANT | ||
| MILLVILLE VALLEY RIVER DAYS | ||||||||||
| 411 DIVISION ST | MILLVILLE | MN | 55957 | 411879127 | 501C4 | $7,500 | $0 | PARK PROJECT | ||
| MINNESOTA VALLEY ACTION COUNCIL | ||||||||||
| 706 N VICTORY DR | MANKATO | MN | 56001 | 416050353 | 501C3 | $20,000 | $0 | GREAT KIDS/GREAT FAMILIES TRAINING | ||
| MONSTER BASH INC | ||||||||||
| 155 4TH AVE SE | HARMONY | MN | 55939 | 814430355 | 501C3 | $10,000 | $0 | BUILDING EXPANSION | ||
| NEW FOUNDATIONS SAINT PETER | ||||||||||
| 611 JEFFERSON AVE | ST PETER | MN | 56082 | 862615110 | 501C3 | $12,200 | $0 | FAMILY NATURE MOSAIC / GRASS & ROOTS OUTDOORS | ||
| NEW LONDON SPICER-EDUCATIONAL FOUNDATION | ||||||||||
| PO BOX 58 | NEW LONDON | MN | 56273 | 202369692 | 501C3 | $25,000 | $0 | ROBOTICS PROGRAM | ||
| NEW PRAGUE AREA SCHOOLS COMMUNITY EDUCATION | ||||||||||
| 410 CENTRAL AVE N STE 300 | NEW PRAGUE | MN | 56071 | 416003815 | GOVERNMENT | $10,000 | $0 | NEW PRAGUE AREA SCHOOLS EARLY LEARNING 7 INITIATIVES | ||
| NEXT CHAPTER INC | ||||||||||
| 2203 6TH AVE NW | AUSTIN | MN | 55912 | 871065176 | 501C3 | $0 | $5,658 | FMV | BOOKS | CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS |
| NORTHFIELD HEALTHY COMMUNITY INITIATIVE | ||||||||||
| 1651 W JEFFERSON PKWY | NORTHFIELD | MN | 550572760 | 262852506 | 501C3 | $20,000 | $0 | EARLY CHILDHOOD NAVIGATION IN RICE COUNTY / ENTREPRENEURIAL BUSINESS POSTSECONDARY CAREER PATHWAY | ||
| NORTHFIELD PUBLIC SCHOOLS COMMUNITY EDUCATION | ||||||||||
| 700 LINCOLN PKWY | NORTHFIELD | MN | 55057 | 416008327 | GOVERNMENT | $20,000 | $5,712 | FMV | BOOKS | HAND IN HAND EXTENDED PRESCHOOL / CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS |
| OUR LADY OF GRACE CATHOLIC CHURCH | ||||||||||
| 5071 EDEN AVE | EDINA | MN | 55436 | 410705765 | 501C3 | $10,000 | $0 | STUDENT SUPPORT | ||
| OWATONNA PUBLIC SCHOOLS | ||||||||||
| 515 BRIDGE ST W | OWATONNA | MN | 55060 | 416005901 | GOVERNMENT | $0 | $12,403 | FMV | BOOKS | CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS |
| PEACE LUTHERAN PRESCHOOL | ||||||||||
| 213 6TH AVE SW | FARIBAULT | MN | 55021 | 813022694 | 501C3 | $16,700 | $0 | SOCIAL AND EMOTIONAL TRAINING AND SUPPORT FOR STAFF AND PARENTS | ||
| PLAINVIEW AREA COMMUNITY AND YOUTH CENTER | ||||||||||
| 346 BROADWAY W | PLAINVIEW | MN | 559641256 | 411950441 | 501C3 | $7,500 | $0 | KITCHEN, CONCERT, CONCERT ADVERTISING GRANT | ||
| PRESTON HISTORICAL SOCIETY | ||||||||||
| PO BOX 138 | PRESTON | MN | 55965 | 411843934 | 501C3 | $15,000 | $0 | HISTORY CAMPUS-RIVERFRONT PLAN - PHASE II IMPLEMENTATION / EXHIBIT/EVENT BUILDING REFRESH GRANT | ||
| PRESTON PUBLIC LIBRARY | ||||||||||
| 101 ST PAUL ST NW | PRESTON | MN | 55965 | 416005468 | GOVERNMENT | $9,000 | $0 | PRESTON STORYWALK PROJECT | ||
| RED WING ARTS | ||||||||||
| 418 LEVEE ST | RED WING | MN | 55066 | 416039135 | 501C3 | $10,000 | $0 | YOUTH SCHOLARSHIPS / HONORING DAKOTA MURAL | ||
| RED WING IGNITE | ||||||||||
| 419 BUSH ST | RED WING | MN | 55066 | 461469707 | 501C3 | $6,700 | $0 | ACCELERATING RURAL ENTREPRENEURS IN SE MN | ||
| RED WING PUBLIC SCHOOLS | ||||||||||
| 2451 EAGLE RIDGE DR | RED WING | MN | 550667444 | 416001250 | GOVERNMENT | $10,000 | $0 | RED WING HIGH SCHOOL BAND AND CHOIR | ||
| RICE COUNTY NEIGHBORS UNITED OF NORTHFIELD | ||||||||||
| 6 FAREWAY DR | NORTHFIELD | MN | 55057 | 830875139 | 501C3 | $10,000 | $0 | CREATING EQUITY AND WEALTH AS EMERGING ENTREPRENEURS | ||
| RIVER BEND NATURE CENTER INCORPORATED | ||||||||||
| 1000 RUSTAD RD | FARIBAULT | MN | 550210186 | 411343804 | 501C3 | $32,000 | $0 | RIVER BEND NATURE CENTER LITTLE SPROUTS: BUILDING COMMUNITY THROUGH NATURE / OUTDOOR DIVERSITY INITIATIVES | ||
| SAINT JAMES PUBLIC SCHOOLS | ||||||||||
| 500 3RD AVE S | SAINT JAMES | MN | 56081 | 416004625 | GOVERNMENT | $10,000 | $0 | CLIMATE SMART ST. JAMES | ||
| SAINT PETER GOOD NEIGHBOR DIVERSITY COUNCIL | ||||||||||
| 552 N WELCO DR | SAINT PETER | MN | 56082 | 874697133 | 501C3 | $10,000 | $0 | IDENTIFYING, TRAINING, AND CREATING ENTREPRENEURIAL OPPORTUNITIES FOR THE INCREASING BIPOC POPULATION OF ST. PETER, MN | ||
| SEMCAC HEAD START | ||||||||||
| 204 ELM ST S | RUSHFORD | MN | 55971 | 410907135 | 501C3 | $20,000 | $0 | FOR ALL OF YOU! | ||
| SLEEPY EYE EARLY CHILDHOOD FAMILY EDUCATION | ||||||||||
| 400 4TH AVE SW | SLEEPY EYE | MN | 56085 | 416000392 | GOVERNMENT | $11,500 | $0 | ECFE ON WHEELS | ||
| SOMALI AMERICAN CULTURAL SOCIETY OF OWATONNA | ||||||||||
| 201 E FRONT ST | OWATONNA | MN | 55060 | 900746889 | 501C3 | $10,000 | $0 | TO ENGAGE, EDUCATE, AND EMPOWER COMMUNITIES OF ADULT LEARNERS BY ADVANCING LITERACY SKILLS AND EMPLOYMENT OPPORTUNITIES. | ||
| SOMALI AMERICAN SOCIAL SERVICE ASSOCIATION | ||||||||||
| 1700 BROADWAY N STE 152A | ROCHESTER | MN | 55906 | 461751962 | 501C3 | $10,000 | $0 | SASSA INCLUSIVE AND EQUITABLE COMMUNITIES PROGRAM | ||
| ST JOHN'S LUTHERAN CHURCH | ||||||||||
| 36620 CO 4 BLVD | GOODHUE | MN | 550279436 | 410944600 | 501C3 | $24,000 | $0 | GENERAL SUPPORT | ||
| ST MARY'S SCHOOL | ||||||||||
| 308 EAST SOUTH STREET | CALEDONIA | MN | 55921 | 411359374 | 501C3 | $8,000 | $0 | PREK BREAKFAST/LUNCH PROGRAM, SENSORY TABLE & OUTDOOR PLAYGROUND BARRIER | ||
| STEWARTVILLE COMMUNITY EDUCATION | ||||||||||
| 301 2ND STREET SW | STEWARTVILLE | MN | 55976 | 416008415 | GOVERNMENT | $7,500 | $0 | SENSORY CLASSROOM INTEGRATION | ||
| THE GROWTH COLLECTIVE | ||||||||||
| 27118 JEFFERSON LN W | MADISON LAKE | MN | 56063 | 931993711 | 501C3 | $20,000 | $0 | BLOSSOM TRAINING | ||
| THREE RIVERS COMMUNITY ACTION INCORPORATED | ||||||||||
| 1414 NORTHSTAR DRIVE | ZUMBROTA | MN | 55992 | 410906178 | 501C3 | $37,500 | $5,168 | FMV | BOOKS | FAMILY LITERACY POWER / CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS |
| TOWN OF PILOT MOUND | ||||||||||
| 29929 HARROW ROAD | CHATFIELD | MN | 55923 | 411552523 | GOVERNMENT | $10,000 | $0 | PILOT MOUND TOWN HALL REPLACEMENT | ||
| TRI-CITY UNITED EARLY LEARNING | ||||||||||
| 101 2ND ST NE | MONTGOMERY | MN | 56069 | 453740004 | GOVERNMENT | $10,000 | $0 | TCU EARLY LITERACY INITIATIVE | ||
| TRI-VALLEY OPPORTUNITY COUNCIL INCORPORATED | ||||||||||
| 107 BROADWAY N | CROOKSTON | MN | 56716 | 410888488 | 501C3 | $20,000 | $0 | CONNECTED CLASSROOMS, CONNECTED FAMILIES | ||
| UNITED SOUTH CENTRAL PUBLIC SCHOOLS | ||||||||||
| 600 11 ST SW | WELLS | MN | 56097 | 411738058 | GOVERNMENT | $15,000 | $0 | READERS GRANT | ||
| UNITED WAY OF STEELE COUNTY | ||||||||||
| 245 18TH ST SE STE 1 | OWATONNA | MN | 55060 | 237366680 | 501C3 | $20,000 | $7,072 | FMV | BOOKS | UNITED FOR CHILDCARE - CHILDCARE SUB PILOT / CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS |
| UNIVERSITY OF NOTRE DAME | ||||||||||
| DEPARTMENT OF DEVELOPMENT | NOTRE DAME | MN | 46556 | 350868188 | 501C3 | $150,000 | $0 | GENERAL SUPPORT | ||
| VANGUARD CHARITABLE | ||||||||||
| PO BOX 3075 | SOUTHEASTERN | PA | 193989917 | 232888152 | 501C3 | $145,000 | $0 | GENERAL SUPPORT | ||
| VILLAGE AGRICULTURAL COOPERATIVE | ||||||||||
| 3703 COUNTRY CLUB RD SW | ROCHESTER | MN | 55902 | 873766784 | 501C3 | $15,000 | $0 | FUNDING FOR FOOD DISTRIBUTION MANAGER POSITION | ||
| WABASHA COUNTY FAIR ASSOCIATION | ||||||||||
| 99 COULEE WAY | WABASHA | MN | 55981 | 237101601 | 501C3 | $10,000 | $0 | RESTROOM UPDATE | ||
| WABASHA KELLOGG AREA FOOD SHELF | ||||||||||
| PO BOX 174 | WABASHA | MN | 55981 | 411543085 | 501C3 | $10,000 | $0 | WABASHA AREA FOOD SHARE NEW LOCATION | ||
| WASECA YOUTH BASEBALL ASSOCIATION | ||||||||||
| 501 7TH AVE NE | WASECA | MN | 56093 | 262280411 | 501C3 | $20,000 | $0 | WASECA BASEBALL FIELD | ||
| WATERVILLE CHAMBER OF COMMERCE | ||||||||||
| PO BOX 184 | WATERVILLE | MN | 560960184 | 411933577 | 501C6 | $6,750 | $0 | MEET US IN WATERVILLE! | ||
| WATONWAN PUBLIC HEALTH SERVICES | ||||||||||
| 715 2ND AVE S | SAINT JAMES | MN | 56081 | 416005922 | GOVERNMENT | $0 | $5,440 | FMV | BOOKS | CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS |
| WINONA STATE UNIVERSITY CHILDREN'S CENTER | ||||||||||
| 108 SANBORN ST E | WINONA | MN | 55987 | 411687554 | GOVERNMENT | $10,000 | $0 | INFANT/TODDLER OUTDOOR CLASSROOM EQUIPMENT | ||
| YWCA OF MANKATO | ||||||||||
| 127 2ND ST S | MANKATO | MN | 56001 | 410711619 | 501C3 | $20,000 | $0 | NEW AMERICAN FAMILIES / SEWING FOR SUCCESS | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 97 | Total501c3OrgCnt |
| Total Other Org | 4 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | HARDSHIP GRANTS FOR DISASTERS | GrantTypeTxt |
| Recipient | 17 | RecipientCnt |
| Cash Grant | $394,811 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION PROVIDES GRANTS ON AN OPEN APPLICATION BASIS. THE REQUIREMENTS TO APPLY FOR GRANTS ARE POSTED ON THE SMIF WEBSITE, AND ALSO ON THE RFP'S THAT ARE SENT OUT. THE FOUNDATION ALSO PROVIDES ASSISTANCE TO GRANT APPLICANTS AS NEEDED. THE FOUNDATION APPROVES GRANTS BASED ON THE REQUIREMENTS LISTED FOR THE APPLICATION, AND ALSO BASED ON ORGANIZATIONAL GUIDELINES AND BUDGET CONSTRAINTS. THE FOUNDATION REQUIRES THE APPLICANT TO FILL OUT AN APPLICATION AND UPON APPROVAL WILL NOTIFY THE APPLICANT, HAVE THEM SIGN A CONTRACT AND THE FOUNDATION WILL REQUIRE ON-GOING CORRESPONDENCES, SITE VISITS AND FINAL REPORTS DEMONSTRATING DOLLARS WERE SPENT ACCORDING TO THE FOUNDATION GRANT GUIDELINES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMOTHY PENNY | ||||||||||||||
| PRESIDENT/CEO | $164,038 | $0 | $0 | $0 | $0 | $0 | $8,695 | $0 | $33,416 | $0 | $206,149 | $0 | $0 | $0 |
| PAMELA BISHOP | ||||||||||||||
| VP OF ECONOMIC DEVELOPMENT | $108,156 | $0 | $0 | $0 | $0 | $0 | $6,240 | $0 | $37,163 | $0 | $151,559 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $410,869 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $95,386 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | REPORTING THE NUMBER OF CONTRIBUTIONS | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI | MEETING MINUTES ARE TAKEN AND APPROVED AT EVERY MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. THE 990 IS THEN MADE AVAILABLE FOR THE BOARD MEMBERS TO REVIEW AND THE FINANCE COMMITTEE'S APPROVAL IS RATIFIED BY THE BOARD PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH BOARD MEMBER IS REQUIRED TO SIGN A CONFLICT OF INTEREST FORM YEARLY. ALL BOARD AND COMMITTEE MEETINGS BEGIN WITH THE CONFLICT OF INTEREST STATEMENT "ASKING THE BOARD AS A WHOLE IF THERE ARE ANY CONFLICTS OF INTERESTS." THE EXECUTIVE COMMITTEE MONITORS ANY CONFLICTS ON AN ON-GOING BASIS. IF A CONFLICT EXISTS, THE EXECUTIVE COMMITTEE WILL SEEK LEGAL-COUNCIL ADVICE AND OPINION AND WILL BRING THIS INFORMATION BACK TO THE FULL BOARD FOR REVIEW OR TO MAKE ANY DECISION NEEDED. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR SETTING AND REVIEWING THE PRESIDENT/CEO COMPENSATION AND REVIEW. THE EXECUTIVE COMMITTEE LEADS AN ANNUAL REVIEW OF THE PRESIDENT/CEO AND PRESENTS ITS FINDINGS TO THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE THEN USES BENCHMARK INFORMATION FROM SIMILAR ORGANIZATIONS AND BUDGETING CONSTRAINTS TO SET THE PRESIDENT/CEO'S ANNUAL SALARY INCREASE. THE EXECUTIVE COMMITTEE ALSO, AS NEEDED, USES OUTSIDE CONSULTANTS IN GATHERING THIS DATA. THE PRESIDENT/CEO COMPLETES THE REVIEW PROCESS AND SALARY ADJUSTMENTS FOR ALL SENIOR STAFF ALONG WITH THE VICE PRESIDENT AND CFO. THE INCREASES ARE BASED ON THE BUDGETARY LIMITS AND IN-LINE WITH YEARLY CPI INCREASES. BENCHMARKING DATA IS ALSO GATHERED FROM SIMILAR ORGANIZATIONS AND AN OUTSIDE CONSULTANT IS USED ON AN AS NEEDED BASIS TO DETERMINE RELEVANT BENCHMARKING DATA. THE ORGANIZATION MAINTAINS CONTEMPORANEOUS DOCUMENTATION RELATED TO THE COMPENSATION SETTING PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D) |
| FORM 990, PART XI, LINE 9: | UNRELATED BUSINESS LOSS 6,499. |
| FORM 990, PAGE 12, PART XII LINE 2C: | THE FINANCE COMMITTEE APPROVES AND MANAGES THE AUDITOR SELECTION AND PROCESS YEARLY. THE FINANCE COMMITTEE MEETS WITH THE AUDITOR PRIOR TO ENGAGEMENT TO ANSWER ANY QUESTIONS OR CONCERNS RELATED TO THE UPCOMING AUDIT, AT THAT POINT THE FINANCE COMMITTEE APPROVES THE AUDITOR SELECTION FOR THE YEAR. THE COMMITTEE WILL THEN HAVE ON-GOING COMMUNICATION WITH THE AUDIT TEAM AS NECESSARY AND WILL MEET WITH THE AUDITOR UPON COMPLETION OF THE AUDIT FOR REVIEW AND FINAL APPROVAL OF THE AUDIT REPORT. THE BOARD WILL ALSO, REVIEW AND MEET WITH THE AUDITOR AFTER THE AUDIT IS COMPLETED. |
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