2017-01-24T15:16:41-06:00 2016-06-30 420714325 RSM US LLP 310 BROADWAY AVENUE S SUITE 300 ROCHESTER MN 55904 990 2015-07-01 363454285 SOUTHERN MINNESOTA INITIATIVE FOUNDATION SOUT 5074553215 525 FLORENCE AVENUE OWATONNA MN 55060 BRIAN CONZEMIUS VICE PRESIDENT/CFO 5074553215 2017-01-20 1 DANIEL W EDWARDS P00043974 5072886476 2015 2021-01-29 14:40:06Z TIMOTHY PENNY 525 FLORENCE AVENUE OWATONNA MN 55060 19331008 0 X HTTP://WWW.SMIFOUNDATION.ORG X 1986 MN PROMOTES REGIONAL ECONOMIC OPPORTUNITIES AND COLLABORATIONS WITH A FOCUS ON (CONT. ON SCH. O)ENTREPRENEURS AND EARLY CHILDHOOD DEVELOPMENT, BY PROVIDING GRANTS, LOANS AND TECHNICAL ASSISTANCE TO NONPROFITS, GOVERNMENT AGENCIES AND BUSINESSES. 15 15 57 0 0 0 2688062 4426529 232966 241946 1497140 1124379 0 0 4418168 5792854 1404281 1321995 0 0 1695120 1823468 0 0 164401 940296 1026701 4039697 4172164 378471 1620690 44475291 43744900 4310510 3671874 40164781 40073026 X PROMOTES REGIONAL ECONOMIC OPPORTUNITIES AND COLLABORATIONS WITH A FOCUS ON ENTREPRENEURS AND EARLY CHILDHOOD DEVELOPMENT, BY PROVIDING GRANTS, LOANS AND TECHNICAL ASSISTANCE TO NONPROFITS, GOVERNMENT AGENCIES AND BUSINESSES. 0 0 1527318 494785 23378 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. 1002957 435519 7340 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. 540677 96615 28733 SOUTHERN MINNESOTA INITIATIVE FOUNDATION ADMINISTERS THE AMERICORPS-SOUTHERN MINNESOTA GRANT FOCUSING ON EARLY CHILDHOOD. SUPPORTED AMERICORPS MEMBERS SERVE IN NON-PROFITS THROUGHOUT THE 20 COUNTY AREA WORKING WITH PRESCHOOL CHILDREN ON EARLY LITERACY, SOCIAL-EMOTIONAL, AND SCHOOL READINESS SUPPORT. 370158 295076 SOUTHERN MINNESOTA INITIATIVE FOUNDATION IS THE FISCAL HOST FOR VARIOUS COMMUNITY FOUNDATIONS IN THE REGION, SO THEY MAY CONDUCT ASSET-BASED DEVELOPMENT ACTIVITIES IN THEIR LOCAL COMMUNITIES. 370158 295076 3441110 1 1 0 1 0 1 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 21 0 1 57 1 0 0 0 0 0 1 1 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MN X BRIAN CONZEMIUS 5074553215 525 FLORENCE AVENUE OWATONNA MN 55060 JEAN BURKHARDT CHAIR 2.00 X X 0 0 0 DAVE FISK BOARD MEMBER 2.00 X 0 0 0 COLLEEN SKILLINGS BOARD MEMBER 2.00 X 0 0 0 RAYMOND STAWARZ TREASURER 2.00 X X 0 0 0 SUE KOLLING BOARD MEMBER 2.00 X 0 0 0 JUNE REINEKE SECRETARY 2.00 X X 0 0 0 JENNIFER SAWYER VICE CHAIR 2.00 X X 0 0 0 SUZANNE BLUE BOARD MEMBER 2.00 X 0 0 0 LISA CLARKE BOARD MEMBER 2.00 X 0 0 0 FRED KRAHMER MEMBER AT LARGE 2.00 X X 0 0 0 DAVID KRUEGER BOARD MEMBER 2.00 X 0 0 0 TRACY JEVNING BOARD MEMBER 2.00 X 0 0 0 ADENUGA ATEWOLOGUN BOARD MEMBER 2.00 X 0 0 0 CYNTHIA SCHEID BOARD MEMBER 2.00 X 0 0 0 SUE HARRIS BOARD MEMBER 2.00 X 0 0 0 TIMOTHY PENNY PRESIDENT/CEO 40.00 X 157954 0 32645 BRIAN CONZEMIUS VICE PRESIDENT/CFO 40.00 X 104361 0 18459 PAMELA BISHOP VP OF ECONOMIC DEVELOPMENT 40.00 X 105363 0 4040 367678 0 55144 3 0 1 0 0 57290 819208 3550031 1673578 4426529 LOAN INTEREST 900099 241946 241946 241946 677513 677513 13952170 13505304 446866 446866 446866 32850 57290 32850 0 5792854 241946 0 1124379 1270774 1270774 51221 51221 313420 158706 133577 21137 1208521 1005027 127868 75626 35780 27577 5535 2668 163874 149137 2506 12231 101873 65676 28100 8097 5035 5035 40274 2244 38030 173430 173430 159220 145362 5593 8265 38743 32213 555 5975 240715 213361 14842 12512 18147 13044 1977 3126 75670 60912 7931 6827 18970 18970 36917 28453 5711 2753 21754 20202 1046 506 OTHER EXPENSES 207339 200404 2257 4678 BOARD EXPENSE 17882 187 17695 BAD DEBTS -27395 -27395 4172164 3441110 566653 164401 3959207 3905953 2519297 1303847 3224231 3384143 24746 42461 1109033 574736 515014 534297 34209859 34562390 22937 11809 44475291 43744900 126720 145177 137489 85875 475000 295000 3363456 2957154 207845 188668 4310510 3671874 X 3149996 3580433 16627564 15499573 20387221 20993020 40164781 40073026 44475291 43744900 1620690 -1712445 0 X X 0 1 X 1 0 X 6166508 3356376 2470285 2688062 4426529 19107760 6166508 3356376 2470285 2688062 4426529 19107760 7906546 11201214 877904 727182 689364 696825 677512 3668787 22776547 1212629 0.49180 0.47560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 150 0 0 1 836 0 0 986 0 5 1 1454070 23750 1481107 4952 1 1 32125746 874139 -588445 1296090 31115350 32219862 918503 71166 1083785 32125746 27962516 811358 4589145 1143157 32219862 24773912 1272691 3033613 1117700 27962516 26222261 505980 -851890 1102439 24773912 0.00000 0.67500 0.32500 0 0 718685 278393 440292 310348 282606 27742 80000 13737 66263 534297 OTHER INVESTMENTS 34562390 F 34562390 REFUNDABLE ADVANCES 69388 LINE OF CREDIT 119280 188668 X 3906979 -1712445 -173430 -1885875 5792854 0 5792854 3998734 0 3998734 173430 173430 4172164 PART V, LINE 4: THE FOUNDATION HAS DEVELOPED A SPENDING POLICY WHICH USES UP TO 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, 2016, THERE IS NO MATERIAL AMOUNT OF UNRELATED BUSINESS INCOME. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAXES UNDER APPLICABLE MINNESOTA STATUTES. EFFECTIVE JULY 1, 2009, THE FOUNDATION ADOPTED THE PROVISIONS OF ASC 740, INCOME TAXES, RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (PREVIOUSLY FIN 48). THESE PROVISIONS CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS IN ACCORDANCE WITH ASC 740. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE STANDARD ALSO PROVIDES GUIDANCE ON DERECOGNITION OF TAX BENEFITS, CLASSIFICATION ON THE BALANCE SHEET, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE INTERPRETATION REQUIRES THAT THE ENTITY RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF A TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. IN EVALUATING WHETHER A TAX POSITION HAS MET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE ENTITY SHOULD PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. A TAX POSITION THAT MEETS THE MORE-LIKELY-THAN-NOT THRESHOLD IS MEASURED TO DETERMINE THE AMOUNT OF BENEFIT TO RECOGNIZE IN THE FINANCIAL STATEMENTS. THE TAX POSITION IS MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT. INCOME TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AT THE EFFECTIVE DATE TO BE RECOGNIZED UPON THE ADOPTION OF THESE PROVISIONS AND IN SUBSEQUENT PERIODS. THE ADOPTION OF THE ASC 740 PROVISIONS HAD NO IMPACT ON THE FINANCIAL STATEMENTS. AT JUNE 30, 2016 THE FEDERAL AND MINNESOTA TAX RETURNS FOR THE FOUNDATION ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS 2013 TO 2015. AT JUNE 30, 2016, THE FOUNDATION DID NOT RECORD LIABILITIES FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH REVENUE -173,430. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH REVENUE 173,430. SVACF ANNUAL BANQUET 23658 15816 7842 7494 348 PIE CHIPPE SHOPPE 19366 9054 10312 10312 2 47116 32420 14696 150 9791 3954 801 90140 57290 32850 150 9791 11448 11461 32850 0 1 ALBERT LEA AREA SCHOOLS 211 RICHWAY DR W ALBERT LEA MN 56007 416001171 SCHOOL/EDUCATION 13293 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS ALBERT LEA AREA SCHOOLS 211 RICHWAY DR W ALBERT LEA MN 56007 416001171 SCHOOL/EDUCATION 2500 READING OASIS ROOM AGRICULTURAL UTILIZATION RESEARCH INSTITUTE 510 COUNTY ROAD 71 STE 120 CROOKSTON MN 56716 411635043 501C3 20000 INNOVATION NETWORKING MODEL TO FURTHER FOOD AGBIOSCIENCE INNOVATION AND BUSINESS GROWTH IN SE MN AUSTIN PUBLIC SCHOOLS 401 3RD ST NW AUSTIN MN 55912 416002526 SCHOOL/EDUCATION 10000 HOME VISITING PROGRAM WATONWAN COUNTY BEYOND THE YELLOW RIBBON 108 8TH ST S STE 3 ST JAMES MN 56081 272727487 501C3 14381 COMMUNITY FOUNDATION SUPPORT FOR BEYOND THE YELLOW RIBBON PROGRAM BLOOMING PRAIRIE PUBLIC SCHOOLS 202 4TH AVE NW BLOOMING PRAIRIE MN 55917 416004108 SCHOOL/EDUCATION 14055 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS A CHANCE TO GROW 1800 2ND ST NE MINNEAPOLIS MN 55418 411444113 501C3 40000 SOUTHERN MINNESOTA SMART PRE-K ALLIANCE CHARLES K BLANDIN FOUNDATION 100 POKEGAMA AVE N GRAND RAPIDS MN 55744 416038619 501C3 26369 LEADERSHIP IN ETHNICALLY DIVERSE COMMUNITIES PROGRAM - MANKATO CITY OF ALBERT LEA 221 CLARK ST E ALBERT LEA MN 56007 416004922 GOVERNMENT 30000 COMMUNITY GROWTH INITIATIVE PROJECT FUNDS AND SE MN HOUSING INITIATIVE CITY OF BLUE EARTH 125 6TH ST W BLUE EARTH MN 56013 416004991 GOVERNMENT 6090 COMMUNITY FOUNDATION: POOL PASSES & COMMUNITY MURAL CITY OF FAIRMONT 100 DOWNTOWN PLZ FAIRMONT MN 56031 416005147 GOVERNMENT 32950 DEVELOPING PROCESS THAT ATTRACTS PEOPLE BACK TO TOWN TO LIVE, WORK AND RAISE THEIR FAMILIES CONTRIBUTING TO A VIBRANT ECONOMY. CITY OF PETERSON 118 FILLMORE ST PETERSON MN 55962 411319776 GOVERNMENT 7400 COMMUNITY FOUNDATION SUPPORT FOR PLAYGROUND EQUIPMENT & HOLIDAY LIGHTING CITY OF RUSHFORD 101 MILL ST N RUSHFORD MN 55971 416005505 GOVERNMENT 5257 COMMUNITY FOUNDATION SUPPORT FOR COMMUNITY ENHANCEMENT PROJECTS CITY OF RUSHFORD VILLAGE 43038 STATE HWY 30 W RUSHFORD VILLAGE MN 55971 411265670 GOVERNMENT 6543 COMMUNITY FOUNDATION SUPPORT FOR RUSHFORD VILLAGE COMMUNITY CENTER FLOORING CITY OF ST JAMES 124 ARMSTRONG BLVD ST JAMES MN 56081 416005517 GOVERNMENT 25000 COMMUNITY GROWTH INITIATIVE CITY OF WABASHA 900 HIAWATHA DR E WABASHA MN 55981 416005601 GOVERNMENT 7000 COMMUNITY FOUNDATION SUPPORT FOR YOUTH FREE POOL PASS PROGRAM CITY OF WINTHROP 305 MAIN ST N WINTHROP MN 55396 416005653 GOVERNMENT 10105 COMMUNITY FOUNDATION SUPPORT FOR WATER TOWER LIGHTING PROJECT CITY OF WYKOFF 217 GOLD ST N WYKOFF MN 55990 416005657 GOVERNMENT 19864 COMMUNITY FOUNDATION SUPPORT FOR WYKOFF VETERANS MEMORIAL EAGLE BLUFF LEARNING CENTER 28097 GOODVIEW DR LANESBORO MN 55949 411431959 501C3 15000 RURAL BY DESIGN WORKSHOP FAIRMONT AREA SCHOOLS 714 VICTORIA ST FAIRMONT MN 56031 411833686 SCHOOL/EDUCATION 10000 EARLY CHILDHOOD DENTAL NETWORK FAIRMONT AREA SCHOOLS 714 VICTORIA ST FAIRMONT MN 56031 411833686 SCHOOL/EDUCATION 11594 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS FILLMORE CENTRAL SCHOOL DISTRICT 702 CHATFIELD ST PRESTON MN 55965 411809022 SCHOOL/EDUCATION 10000 COMMUNITY FOUNDATION SUPPORT FOR SCHOOL PROGRAMS FREEBORN COUNTY PUBLIC HEALTH 411 S BROADWAY ALBERT LEA MN 56007 416005795 GOVERNMENT 10544 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS FREEBORN COUNTY PUBLIC HEALTH 411 S BROADWAY ALBERT LEA MN 56007 416005795 GOVERNMENT 10000 HOME VISITING PROGRAM JONES FAMILY FOUNDATION 31021 LAKEVIEW AVE RED WING MN 55066 453069865 501C3 12625 EVERY HAND JOINED GROWING HAPPY, HEALTHY KIDS OLMSTED AREA DEVELOPMENT CORPORATION 220 BROADWAY S STE 100 ROCHESTER MN 55904 363521772 501C3 5000 JOURNEY TO GROWTH - MARKETPLACE REGION IDENTITY PROJECT JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST PO BOX 844 OWATONNA MN 55060 411424988 501C3 15000 SOUTHERN MINNESOTA JUNIOR ACHIEVEMENT EXPANSION PROJECT KENYON-WANAMINGO SCHOOL DISTRICT 400 6TH ST WANAMINGO MN 55946 411780357 SCHOOL/EDUCATION 13880 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS KENYON-WANAMINGO SCHOOL DISTRICT 400 6TH ST WANAMINGO MN 55946 411780357 SCHOOL/EDUCATION 7742 COMMUNITY FOUNDATION SUPPORT FOR LOCAL BALLFIELD KINGSLAND PUBLIC SCHOOLS 705 SECTION AVE N SPRING VALLEY MN 55975 411740007 SCHOOL/EDUCATION 6047 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS KINGSLAND PUBLIC SCHOOLS 705 SECTION AVE N SPRING VALLEY MN 55975 411740007 SCHOOL/EDUCATION 5100 COMMUNITY FOUNDATION SUPPORT FOR SCHOOL PROGRAMS LA CRESCENT PUBLIC LIBRARY 321 MAIN ST LA CRESCENT MN 55947 416005291 GOVERNMENT 8782 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS LAKE CRYSTAL WELLCOME MEMORIAL SCHOOLS 607 KNIGHTS LN LAKE CRYSTAL MN 56055 411680296 SCHOOL/EDUCATION 29500 EARLY CHILDHOOD PORGRAMS AND DENTAL NETWORK LAKE CRYSTAL WELLCOME MEMORIAL SCHOOLS 607 KNIGHTS LN LAKE CRYSTAL MN 56055 411680296 SCHOOL/EDUCATION 5922 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS LE SUEUR HENDERSON SCHOOLS 821 FERRY ST LE SUEUR MN 56058 411716943 SCHOOL/EDUCATION 7496 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS MANKATO AREA FOUNDATION 127 2ND ST S STE 100 MANKATO MN 56001 410011094 501C3 14000 SHARED SPACES ENTREPRENEURIAL COLLABORATION CENTER AND MEETING SPACE MANKATO AREA PUBLIC SCHOOLS 110 FULTON ST MANKATO MN 56001 416000310 SCHOOL/EDUCATION 8308 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS MAPLE RIVER SCHOOLS PO BOX 515 MAPLETON MN 56065 411734559 SCHOOL/EDUCATION 20916 STUDENT ACTIVITY SUPPORT INCLUDING MUSIC, SCIENCE, THEATER AND TECHNOLOGY MARTIN COUNTY WEST SCHOOLS 105 5TH ST E SHERBURN MN 56171 411716840 SCHOOL/EDUCATION 5085 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS MEDFORD PUBLIC SCHOOLS 750 2ND AVE SE MEDFORD MN 55049 416004065 SCHOOL/EDUCATION 8606 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS MINNESOTA VALLEY ACTION COUNCIL 706 NORTH VICTORY DRIVE MANKATO MN 56001 416050353 501C3 27128 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS BLUE EARTH AREA SCHOOLS - MUIR LIBRARY 315 6TH ST E BLUE EARTH MN 56013 416005648 SCHOOL/EDUCATION 8845 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS NEW PRAGUE PUBLIC SCHOOLS 420 CENTRAL AVE NEW PRAGUE MN 56071 416003815 SCHOOL/EDUCATION 9107 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS NEW PRAGUE PUBLIC SCHOOLS 420 CENTRAL AVE NEW PRAGUE MN 56071 416003815 SCHOOL/EDUCATION 23500 PREK-GRADE 3 ALIGNMENT PLANNING AND EARLY CHILDHOOD INITIATIVE NEW ULM PUBLIC SCHOOLS 400 PAYNE ST S NEW ULM MN 56073 416000373 SCHOOL/EDUCATION 2000 PREK-GRADE 3 ALIGNMENT PLANNING NEW ULM PUBLIC SCHOOLS 400 PAYNE ST S NEW ULM MN 56073 416000373 SCHOOL/EDUCATION 9595 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS NEY ENVIRONMENTAL EDUCATION FOUNDATION 28003 NATURE CENTER LN HENDERSON MN 56044 411842392 501C3 5000 BARN ROOF REPAIR/WISH LIST ITEMS NORTHFIELD PUBLIC SCHOOLS 1651 JEFFERSON PKWY NORTHFIELD MN 55057 416008327 SCHOOL/EDUCATION 7500 EARLY CHILDHOOD DENTAL NETWORK NORTHFIELD PUBLIC SCHOOLS 1651 JEFFERSON PKWY NORTHFIELD MN 55057 416008327 SCHOOL/EDUCATION 13109 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS OWATONNA PUBLIC SCHOOLS 515 BRIDGE ST W OWATONNA MN 55060 416004063 SCHOOL/EDUCATION 9925 EARLY CHILDHOOD INITIATIVE AND HOME VISITING PROGRAM OWATONNA PUBLIC SCHOOLS 515 BRIDGE ST W OWATONNA MN 55060 416004063 SCHOOL/EDUCATION 2814 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS PLAINVIEW ELGIN MILLVILLE COMMUNITY SCHOOL DISTRICT 500 BROADWAY W PLAINVIEW MN 55964 331134777 SCHOOL/EDUCATION 5813 COMMUNITY FOUNDATION SUPPORT FOR SCHOOL PROGRAMS PROJECT FINE 202 THIRD ST W WINONA MN 55987 411883675 501C3 5000 DISCOVERING DIVERSE WORKFORCE SOLUTIONS REGION NINE DEVELOPMENT COMMISSION 10 CIVIC CENTER PLZ STE 3 MANKATO MN 56002 410995425 501C3 40000 TECHNICAL ASSISTANCE FOR MADELIA BUSINESS FIRE RECOVERY ASSISTANCE RICE COUNTY PUBLIC HEALTH 320 3RD ST NW FARIBAULT MN 55021 416005882 GOVERNMENT 10000 HOME VISITING PROGRAM RIVERLAND COMMUNITY COLLEGE 1900 8TH AVE NW AUSTIN MN 55912 411286409 SCHOOL/EDUCATION 20000 HIGH TECH FARM AND AGBIO-ENTREPRENEUR CAMPS SEMCAC HEAD START 204 ELM ST S RUSHFORD MN 55971 410907135 501C3 6907 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS SLEEPY EYE PUBLIC SCHOOLS 400 4TH AVE SW SLEEPY EYE MN 56085 416000392 SCHOOL/EDUCATION 14305 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS SOUTHERN MINNESOTA EDUCATION CONSORTIUM 312 W MAIN ST ADAMS MN 55909 270630742 SCHOOL/EDUCATION 9731 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS SPRING GROVE PAST PRESENT AND FUTURE 502 MAIN ST E SPRING GROVE MN 55974 411512227 501C3 15020 CREATE A NEW, ACCOUNTABLE MODEL TO SUPPORT ENTREPRENEURS AND BUSINESSES IN ALL STAGES THROUGH PARTNERING WITH CEDA SPRINGBOARD FOR THE ARTS 308 PRINCE ST ST PAUL MN 55101 411690483 501C3 10000 RED WING INNOVATION INCUBATOR ST CHARLES PUBLIC SCHOOLS 925 CHURCH AVE ST CHARLES MN 55972 416004727 SCHOOL/EDUCATION 9560 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS THREE RIVERS COMMUNITY ACTION 1414 NORTH ST DR ZUMBROTA MN 55992 410906178 501C3 7617 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS TOWN CENTER INCORPORATED 4 CEDAR DR TRIMONT MN 56176 273061255 501C3 20000 TRIMONT TOWN CENTER PROJECT UNITED WAY OF BROWN COUNTY PO BOX 476 NEW ULM MN 56073 416033115 501C3 35000 CHILDCARE ENHANCEMENT PROJECT AND EARLY CHILDHOOD DENTAL NETWORK UNITED WAY OF BROWN COUNTY PO BOX 476 NEW ULM MN 56073 416033115 501C3 5922 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS WATONWAN COUNTY HUMAN SERVICES 715 2ND AVE S ST JAMES MN 56081 416005922 GOVERNMENT 12343 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAMS WATONWAN COUNTY PUBLIC HEALTH 715 2ND AVE S ST JAMES MN 56081 416005922 GOVERNMENT 10000 HOME VISITING PROGRAM WATERVILLE-ELYSIAN-MORRISTOWN PUBLIC SCHOOLS 500 EAST PAQUIN ST WATERVILLE MN 56096 411743364 SCHOOL/EDUCATION 5000 HOME VISITING PROGRAM YWCA OF MANKATO 127 2ND ST S STE 200 MANKATO MN 56001 410711619 501C3 8700 HOME VISITING PROGRAM LA PLAZA FESTA LLC DBA FESTA MARKET 11 MAIN ST W MADELIA MN 56062 454060331 10000 MADELIA BUSINESS FIRE RECOVERY ASSISTANCE LA PLAZA FIESTA 15 MAIN ST W MADELIA MN 56062 454060331 30000 MADELIA BUSINESS FIRE RECOVERY ASSISTANCE AMERICAN FAMILY INSURANCE 21 W MAIN ST MADELIA MN 56062 391835307 10000 MADELIA BUSINESS FIRE RECOVERY ASSISTANCE CULLIGAN 103 MAIN ST W MADELIA MN 56062 410642852 10000 MADELIA BUSINESS FIRE RECOVERY ASSISTANCE EZ MEDICAL WRAPS 126 2ND ST SW MADELIA MN 56062 472191668 10000 MADELIA BUSINESS FIRE RECOVERY ASSISTANCE HC GUNDERSON 105 WEST MAIN MADELIA MN 56062 472507979 70000 MADELIA BUSINESS FIRE RECOVERY ASSISTANCE HOPE AND FAITH FLORAL & GIFTS 23 MAIN ST W MADELIA MN 56062 262414413 35000 MADELIA BUSINESS FIRE RECOVERY ASSISTANCE KAY'S UPHOLSTERY 319 3RD ST SW MADELIA MN 56062 477547101 10000 MADELIA BUSINESS FIRE RECOVERY ASSISTANCE TRESSA VEONA SALON 17 MAIN ST W MADELIA MN 56062 477232412 10000 MADELIA BUSINESS FIRE RECOVERY ASSISTANCE SCHOLARSHIPS 6 3500 HARDSHIP ASSISTANCE 33 47721 PART I, LINE 2: 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. X X 0 0 0 0 0 0 0 0 0 TIMOTHY PENNY PRESIDENT/CEO 157954 0 0 0 0 0 7680 0 24965 0 190599 0 0 0 X 294058 FMV X 1 1379520 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 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. 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. FORM 990, PART VI, SECTION B, LINE 15 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 AND AS NEEDED BASIS TO DETERMINE RELEVANT BENCHMARKING DATA. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION IS GIVEN ON OUR WEBSITE FOR REQUESTS AND THE CFO WILL MAKE ANY DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PAGE 12, PART XII LINE 2C: THE FINANCE COMMITTEE APPROVES AND MANAGES THE AUDITOR SELECTION AND PROCESS YEARLY. THE FOUNDATION 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.