2023-02-24T06:38:15-06:00 2022-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2021-07-01 410011094 Mankato Area Foundation MANK 5073894583 212 E Walnut St 1 Mankato MN 56001 Kristin Duncanson Chair 5073894583 2023-02-23 1 Kristin Duncanson 999009999 Deb Nelson CPA P01264758 6122536500 2023-02-23 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Nancy Zallek 212 E Walnut St 1 Mankato MN 56001 7383666 0 X www.mankatoareafoundation.com X 1974 MN To be a trusted resource that connects donors with causes they care about. 18 18 5 35 2751 0 3462729 5048055 52435 65773 361513 1139636 2377 2751 3879054 6256215 1902223 2542718 0 0 408171 457801 0 0 150112 402632 307857 2713026 3308376 1166028 2947839 27550906 27051711 3946170 4060021 23604736 22991690 X The Mankato Area Foundation is a trusted resource that connects donors with causes they care about, provides funding to enhance our region and serves as a collaborative community partner. 0 0 2831786 2542718 65773 The Foundation made grants from its Community Fund, along with designated and donor advised funds to enrich the livability and vibrancy of the Greater Mankato area. In addition, the Consultant in Residency Fund has given support to nonprofit organizations that are serving the escalating needs of our communities by providing access to a nonprofit consultant to help streamline and strengthen organizational needs. Our joint expertise in community partnerships, resources, and connections allowed us to support the unprecedented demands placed on our nonprofit partners as they addressed the critical needs of the community and their clientele. Finally, the Greater Mankato Inclusivity Study (GMIS) is one of the largest community-led, mixed-method inclusivity studies in America. It will gauge the current status of inclusivity for students, individuals who work in, and residents of the Greater Mankato area (Blue Earth and Nicollet counties). GMIS focuses on a broad range of community members' feelings, opinions, and perceptions of inclusion, in regards to age, gender, ethnicity, and abilities. 2831786 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 2 0 1 5 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X X Nancy Zallek 5073894583 212 E Walnut St Suite 1 Mankato MN 56001 Nancy Zallek President & CEO 40.00 X 88221 0 35012 Joan Untiedt Finance Director - ret. Apr 2022 40.00 X 88408 0 3246 Maureen Gustafson Donor Relations & Program Director 40.00 X 72472 0 16878 Kristin Duncanson Chair 2.00 X X 0 0 0 Nathan Mullikin Vice-Chair 1.00 X X 0 0 0 Seth Ferkenstad Treasurer 2.00 X X 0 0 0 Thomas Lentz Secretary 1.00 X X 0 0 0 Andrew Willaert Secretary - left Oct 2021 1.00 X X 0 0 0 Mark Sharpless Director 1.00 X 0 0 0 Stacey Wells Director 1.00 X 0 0 0 Brittany King-Asamoa Director 1.00 X 0 0 0 Wade Abed Director 1.00 X 0 0 0 Heidi Boyum Director 1.00 X 0 0 0 Melissa Bradley Director 1.00 X 0 0 0 James Heilman Director 1.00 X 0 0 0 Leah Davis Director 1.00 X 0 0 0 Sarah Richards Director 1.00 X 0 0 0 Todd Prafke Director 1.00 X 0 0 0 Christina Bohlke Director 1.00 X 0 0 0 David Schooff Director 1.00 X 0 0 0 Jessica Buchert Director 1.00 X 0 0 0 Jennifer Pfeffer Director 1.00 X 0 0 0 Steven Jansen Director - left Oct 2021 1.00 X 0 0 0 Todd Stromswold Director - left Oct 2021 1.00 X 0 0 0 David Wittenberg Director - left March 2022 1.00 X 0 0 0 Samantha Spicer Finance Director 40.00 X 0 0 0 249101 0 55136 0 0 0 0 0 5048055 897803 5048055 Administrative Fees 561000 65773 65773 65773 397154 397154 1869933 1127451 742482 742482 742482 Charging Station 900099 2751 2751 2751 6256215 65773 2751 1139636 2542718 2542718 333287 140190 92467 100630 87385 51030 26702 9653 2099 1296 803 10375 5506 4869 24655 12566 7922 4167 15450 15450 84280 84280 24842 4905 9964 9973 9589 5988 1934 1667 16313 772 8346 7195 33570 33570 3836 3836 62547 62547 7287 7287 Life Insurance Premium 19104 19104 Development Expense 13560 13560 Grant Operating Expense 5778 5778 Professional Developmen 2052 944 595 513 9649 3583 3312 2754 3308376 2831786 326478 150112 871266 1195266 17078 48608 6576 6325 2303512 328207 2004776 1975305 24118710 23581819 532500 244388 27550906 27051711 96812 33701 9500 0 3839858 4026320 3946170 4060021 X 20777289 20596317 2827447 2395373 23604736 22991690 27550906 27051711 2947839 -3560885 0 X 0 1 X 1 0 X 2049237 4739526 3207893 3462729 5048055 18507440 2049237 4739526 3207893 3462729 5048055 18507440 1462929 17044511 222604 310242 342958 326325 397154 1599283 20106723 192896 0.84770 0.89100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72 16 2667695 2155740 1658219 590875 13743408 2346115 1 1 0 1 X 2827447 30500 -363210 99364 2395373 2404880 43050 612841 233324 2827447 2411367 142925 149412 2404880 2047013 291304 194296 121246 2411367 2023719 104824 81530 2047013 0.00000 0.86317 0.13682 0 0 220000 220000 1992073 266259 1725814 91439 61948 29491 1975305 X 2611050 -3560885 -3560885 6171935 84280 84280 6256215 3224096 0 3224096 84280 84280 3308376 Part IV, Line 2b: Agency funds are held for other nonprofit organizations. In addition, temporary projects are held as a fiscal sponsored fund until completion. The Foundation receives and invests the dollars in our pooled investment account. The cash is recorded in investment accounts and the associated liability is recorded on the balance sheet. Fiscal sponsored funds are held for community projects for committees seeking nonprofit tax-exempt status. The Foundation receives and distributes the funds for qualified expenses. The cash is included on the balance sheet in the checking account and the associated liability is recorded on the balance sheet. Part V, Line 4: Net investment earnings from endowment funds are used for community granting to nonprofit organizations. Part X, Line 2: The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 Abiding Savior Free Lutheran Church 4100 S Bahnson Ave Sioux Falls SD 57103 460406443 501(c)(3) 8400 0 Program assistance. American Red Cross 421 E Hickory St Mankato MN 56001 530196605 501(c)(3) 8100 0 Program assistance. Amherst H Wilder Foundation 451 Lexington Parkway N Saint Paul MN 55104 410693889 501(c)(3) 8120 0 Program assistance. Bethany Lutheran College 700 Luther Dr Mankato MN 56001 410747165 501(c)(3) 11000 0 Program assistance. Blue Earth County Historical Society 424 Warren St Mankato MN 56001 237289370 501(c)(3) 30500 0 Program assistance. Boy Scouts of AmericaTwin Valley Council 810 Madison Ave Mankato MN 56001 416079300 501(c)(3) 17560 0 Program assistance. Brandon Valley Booster Club Inc PO Box 572 Brandon SD 57005 460393971 501(c)(3) 15000 0 Program assistance. CADA Inc PO Box 466 Mankato MN 56002 411379525 501(c)(3) 21450 0 Program assistance. Camp Patterson Inc PO Box 4334 Mankato MN 560024334 416032182 501(c)(3) 62175 0 Program assistance. Center for Disaster Philanthropy Inc 1 Thomas Circle NW Washington DC 20005 455257937 501(c)(3) 25000 0 Program assistance. Children's Museum of Southern Minnesota 224 Lamm St Mankato MN 56001 204351801 501(c)(3) 337000 0 Program assistance. Christ the King Lutheran Church 222 Pfau St Mankato MN 56001 410885992 501(c)(3) 43168 0 Program assistance. City of Mankato PO Box 3368 Mankato MN 560023368 416005344 Government 5800 0 Program assistance. Colorado State University Foundation C138 Clark Fort Collins CO 805231701 237098397 501(c)(3) 10000 0 Program assistance. Connections Ministry 220 E Hickory St Mankato MN 56001 813920157 501(c)(3) 20150 0 Program assistance. Creative Foundation 1980 Lookout Dr North Mankato MN 56003 237456793 501(c)(3) 70000 0 Program assistance. Cross Catholic Outreach PO Box 273908 Boca Raton FL 334273908 651156061 501(c)(3) 10000 0 Program assistance. Crossview Covenant Church 2000 Howard Dr W North Mankato MN 56003 416039343 501(c)(3) 29000 0 Program assistance. Crystal Waters Project 102 Tami Ln Mankato MN 56001 462707705 501(c)(3) 10000 0 Program assistance. ECHO Food Shelf PO Box 3212 Mankato MN 560023212 411429214 501(c)(3) 37430 0 Program assistance. Educare Foundation PO Box 241 Mankato MN 560020241 411745553 501(c)(3) 13500 0 Program assistance. Face It Foundation 2722 Hwy 694 Service Dr New Brighton MN 55112 271391950 501(c)(3) 10000 0 Program assistance. Feeding Our Communities Partners 2120 Howard Dr W North Mankato MN 56003 272374187 501(c)(3) 41275 0 Program assistance. Fellowship of Christian Athletes 17 Skyline Dr Mankato MN 56001 440610626 501(c)(3) 5700 0 Program assistance. First Presbyterian Church 220 E Hickory St Mankato MN 56001 410810619 501(c)(3) 40000 0 Program assistance. Food For The Poor Inc PO Box 979004 Coconut Creek FL 330979004 592174510 501(c)(3) 10000 0 Program assistance. Greater Mankato Area United Way 127 S Second St Mankato MN 56001 416008819 501(c)(3) 159061 0 Program assistance. Greater Mankato Growth Inc Foundation 3 Civic Ctr Plz Mankato MN 56001 472790832 501(c)(3) 16113 0 Program assistance. Gull Area Lakes Association PO Box 102 Nisswa MN 56468 411272492 501(c)(3) 30000 0 Program assistance. Gustavus Adolphus College 800 West College Ave Saint Peter MN 56082 410695524 501(c)(3) 10000 0 Program assistance. Guthrie Theater Foundation 818 S 2nd St Minneapolis MN 55415 410854160 501(c)(3) 10250 0 Program assistance. Iowa Equine Rescue and Awareness League Inc PO Box 8726 Cedar Rapids IA 52408 020768817 501(c)(3) 25000 0 Program assistance. Junior Achievement North PO Box 153 Madison Lake MN 56063 411424988 501(c)(3) 12800 0 Program assistance. Kiwanis Holiday Lights Inc PO Box 602 Mankato MN 560020602 454467398 501(c)(3) 63379 0 Program assistance. Lake Crystal Area Recreation Center 621 W Nathan St Lake Crystal MN 56055 411867907 501(c)(3) 5500 0 Program assistance. Lake Crystal Wellcome Memorial Schools PO Box 160 Lake Crystal MN 56055 411680296 Government 11500 0 Program assistance. Leisure Education for Exceptional People 929 N 4th St Mankato MN 56001 411403190 501(c)(3) 20500 0 Program assistance. Life-Work Planning Center 127 S Second St Mankato MN 56001 411357220 501(c)(3) 12000 0 Program assistance. Living Word Lutheran Church 20013 Stoltzman Rd Mankato MN 56001 411605620 501(c)(3) 7600 0 Program assistance. Loyola Catholic Schools 145 Good Counsel Dr Mankato MN 56001 410914356 501(c)(3) 52000 0 Program assistance. Lutheran Social Service of MNLSS Meals Mankato Area 3101 S Frontage Rd Moorhead MN 56560 410872993 501(c)(3) 5500 0 Program assistance. Mankato Elks Lodge #225 PO Box 154 Mankato MN 560020154 410145835 501(c)(8) 6281 0 Program assistance. Mankato Family YMCA 1401 S Riverfront Dr Mankato MN 56001 410739108 501(c)(3) 30650 0 Program assistance. Mankato Public Schools PO Box 8741 Mankato MN 560028741 416000310 Government 10000 0 Program assistance. Mankato Symphony Orchestra PO Box 645 Mankato MN 560020645 237319396 501(c)(3) 30500 0 Program assistance. Mankato Youth Place 709 S Broad St Mankato MN 56001 842745924 501(c)(3) 57897 0 Program assistance. Mayo Foundation for Medical Education and Research 200 First St SW Rochester MN 55902 416011702 501(c)(3) 6000 0 Program assistance. Minnesota Assistance Council for Veterans 724 Madison Avenue Mankato MN 56001 411694717 501(c)(3) 6200 0 Program assistance. Minnesota Collegiate DECA 9875 221st Ave NW Elk River MN 55330 530215806 501(c)(3) 15560 0 Program assistance. Minnesota Council of Churches 501 S Second St Mankato MN 56001 410693871 501(c)(3) 9500 0 Program assistance. Minnesota State University Mankato Foundation 126 Alumni Foundation Ctr Mankato MN 56001 416033423 501(c)(3) 97550 0 Program assistance. Minnesota Teen Challenge Inc 740 E 24th St Minneapolis MN 55404 411517351 501(c)(3) 10000 0 Program assistance. Mission Save A Smile 22 W Crystal Lake Ave Crystal Lake IL 600146104 261296195 501(c)(3) 13500 0 Program assistance. MRCI 1750 Energy Dr Mankato MN 56001 410736870 501(c)(3) 5500 0 Program assistance. Options for Women Mankato 11 Civic Center Plaza Mankato MN 56001 465505142 501(c)(3) 10000 0 Program assistance. Partners for Housing 12 Civic Center Plaza Mankato MN 56001 363333949 501(c)(3) 12950 0 Program assistance. Potholders for Pups 6451 Fox Dr Chanhassen MN 55317 873471850 501(c)(3) 25000 0 Program assistance. Second Harvest Heartland 7101 Winnetka Ave N Brooklyn Park MN 55428 237417654 501(c)(3) 5500 0 Program assistance. South Central College Foundation 1920 Lee Blvd North Mankato MN 56003 411649572 501(c)(3) 56100 0 Program assistance. St Catherine University 2004 Randolph Ave Saint Paul MN 55105 410695509 501(c)(3) 59175 0 Program assistance. St John's Episcopal Church PO Box 1119 Mankato MN 560021119 411051216 501(c)(3) 6000 0 Program assistance. St Peter Area Foodshelf Inc 201B S 3rd St Saint Peter MN 56082 411761515 501(c)(3) 10000 0 Program assistance. The REACH Resource Center 125 E Liberty St Mankato MN 56001 410872993 501(c)(3) 7250 0 Program assistance. The Rosser Foundation A Pure Charitable Trust and Public Charity 1901 N Armistead Ave Hampton VA 23666 546338714 501(c)(3) 9775 0 Program assistance. The Salvation Army 2445 Prior Ave N Roseville MN 55113 410698597 501(c)(3) 13400 0 Program assistance. The Wildcat Sanctuary PO Box 314 Sandstone MN 55072 223857401 501(c)(3) 25000 0 Program assistance. Twin Rivers Council for the Arts 424 N Riverfront Dr Mankato MN 56001 200814939 501(c)(3) 36000 0 Program assistance. University of Central Oklahoma Foundation 100 N University Dr Edmond OK 73034 736108032 501(c)(3) 12000 0 Program assistance. University of Minnesota Twin Cities Office of Student Finance Fiscal Unit 200 Fraser Hall Minneapolis MN 55455 416007513 Government 8500 0 Program assistance. University of Minnesota-Duluth College of Education and Human Service Professions 1049 University Duluth MN 55812 411953413 Government 5750 0 Program assistance. University of Northern Iowa Foundation 121 Commons Cedar Falls IA 506140239 426058591 501(c)(3) 10000 0 Program assistance. University of Wisconsin - Madison Bursars Office 333 E Campus Mall Madison WI 537151383 366006492 Government 6000 0 Program assistance. VINE Faith in Action 421 E Hickory St Mankato MN 56001 411802861 501(c)(3) 25550 0 Program assistance. Wild and Free Wildlife Program PO Box 241 Garrison MN 56450 411729359 501(c)(3) 19691 0 Program assistance. YWCA Mankato 127 S Second St Mankato MN 56001 410711619 501(c)(3) 10750 0 Program assistance. 74 1 Part I, Line 2: Grants - all successful grantees are requested to submit a report describing how funds were used upon completion of their project. Projects must have a timeline of one year or less. X 14 537368 Ave Price On Trade Date X 1 318102 Selling price X Farm Equipment 1 35000 Selling price X Grain 2 7334 FMV 0 0 1 1 Part I, Column (b): Number of contributions. Part I, Line 32b: The Foundation had a contract with Fischer Group to advertise sale of donated Land. Form 990, Part VI, Section A, line 1a The Executive Committee shall consist of at least the four (4) Officers of the Corporation and committee chairpersons, or their designated committee representative and such other persons that may be appointed by the Board. The duties of the Executive Committee shall be those delegated to it and outlined by the Board of Directors. The Executive Committee shall make recommendations in accordance with the policies established by the Board. Subject to the Board's control and direction, the Executive Committee shall have and may exercise all of the authority and powers of the Board subject to such limitations as the Board may impose from time to time. Unless specifically authorized by the Board by resolution approved by the affirmative vote of a majority of the Directors, the Executive Committee shall not have the authority and power to elect Officers, to amend the Articles of Incorporation, to adopt a plan of merger or consolidation, to authorize the sale or other disposition of all or substantially all of the property and assets of the Corporation, to authorize a voluntary dissolution of the Corporation or a revocation thereof, or to amend these Bylaws. Form 990, Part VI, Section A, line 8b There are no committees with authority to make decisions on behalf of the board. Form 990, Part VI, Section B, line 11b The Treasurer and Finance Director will review the tax return draft then forward to the Finance Committee for review and approval. After recommendation from the Finance Committee, the Executive Committee reviews and approves presentation to the board for approval of filing. A copy of the Form 990 is e-mailed to the board for review and approval prior to filing. Form 990, Part VI, Section B, line 12c All board members and committee members of the Foundation are covered by the policy. Any member with board-delegated powers is an interested person if they have a direct or indirect financial interest or a fiduciary responsibility to another organization. After disclosure of a possible conflict of interest, the remaining board or committee members shall decide if a conflict exists. Form 990, Part VI, Section B, line 15a Executive committee officers do an annual review of the President and CEO responsibilities and goals. The Executive Committee discusses and has final authority to determine compensation. Information from the Minnesota Council of Nonprofits compensation study assist in the determination of compensation. The committee substantiates all information in its minutes. The Board approves the compensation as part of its annual budget. No officers receive compensation. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, financial statements, and Form 990 are provided to the public upon request. MAF Holdings LLC 212 E Walnut St Suite 1 Mankato MN 56001 845079675 Manages non-cash assets. MN 156433 2025031 Mankato Area Foundation Inc MAF Holdings II LLC 212 E Walnut St Suite 1 Mankato MN 56001 845161420 Manages non-cash assets. MN 13922 195000 MAF Holdings LLC MAF Holdings III LLC 212 E Walnut St Suite 1 Mankato MN 56001 850749907 Manages electric vehicle charging station MN 2751 19748 MAF Holdings LLC MAF Holdings IV LLC 212 E Walnut St Suite 1 Mankato MN 56001 853471731 Manages non-cash asset. MN 143 0 MAF Holdings LLC MAF Holdings V LLC 212 E Walnut St Suite 1 Mankato MN 56001 883135551 Manages non-cash asset. MN 0 0 MAF Holdings LLC