2013-12-12T10:06:43-06:00 2013-06-30 420714325 MCGLADREY LLP 310 BROADWAY AVENUE S SUITE 300 ROCHESTER MN 55904 990 2012-07-01 363454285 SOUTHERN MINNESOTA INITIATIVE FOUNDATION SOUT 5074553215 525 FLORENCE AVENUE OWATONNA MN 55060 BRIAN CONZEMIUS 5074553215 2013-12-02 1 DANIEL W EDWARDS P00043974 5072886476 2012 2015-11-30 17:44:51Z BRIAN CONZEMIUS 525 FLORENCE AVENUE OWATONNA MN 55060 16345230 0 X HTTP://WWW.SMIFOUNDATION.ORG X 1986 MN PROVIDES GRANTS, LOANS AND TECHNICAL ASSISTANCE TO NON PROFITS, GOVERNMENT (CONT. ON SCH. O)AGENCIES AND BUSINESSES IN THE 20 COUNTY REGION TO CREATE ECONOMIC GROWTH BY LEVERAGING PARTNERSHIPS AND COLLABORATIONS. 15 15 60 0 0 0 6166598 3356376 243378 246016 1144546 1707854 0 0 7554522 5310246 1017851 1474725 0 0 1682990 1682555 0 0 151339 851829 944452 3552670 4101732 4001852 1208514 36995607 39952173 2576053 2782158 34419554 37170015 X PROVIDES GRANTS, LOANS AND TECHNICAL ASSISTANCE TO NON PROFITS, GOVERNMENT AGENCIES AND BUSINESSES IN THE 20 COUNTY REGION TO CREATE ECONOMIC GROWTH BY LEVERAGING PARTNERSHIPS AND COLLABORATIONS. 0 0 1228844 186702 679806 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 WITHIN OUR REGION. 1298949 863466 615038 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. 523437 103922 409759 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 AND PARENTS ON EARLY LITERACY AND SCHOOL READINESS SUPPORT. 378981 320635 659125 SOUTHERN MINNESOTA INITIATIVE FOUNDATION IS THE FICAL HOST FOR VARIOUS COMMUNITY FOUNDATIONS IN THE REGION, SO THEY MAY CONDUCT ASSET-BASED DEVELOPMENT ACTIVITIES IN THEIR LOCAL COMMUNITIES. 378981 320635 659125 3430211 1 1 0 1 0 1 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 1 60 1 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X BRIAN CONZEMIUS 5074553215 525 FLORENCE AVENUE OWATONNA MN 55060 ROBERT HOFFMAN 2.00 X X 0 0 0 STEPHEN WALDHOFF 2.00 X X 0 0 0 LINDA CRUZ LARES 2.00 X X 0 0 0 JEAN BURKHARDT 2.00 X X 0 0 0 JULIE BOYLAND 2.00 X 0 0 0 DAVE FISK 2.00 X 0 0 0 CAROL KAMPER 2.00 X 0 0 0 BUKATA HAYES 2.00 X 0 0 0 COLLEEN SKILLINGS 2.00 X 0 0 0 JOHN MONSON 2.00 X 0 0 0 DANNY HARJO 2.00 X 0 0 0 RAYMOND STAWARZ 2.00 X 0 0 0 SUE KOLLING 2.00 X 0 0 0 JUNE REINEKE 2.00 X 0 0 0 JENNIFER SAWYER 2.00 X 0 0 0 TIMOTHY PENNY 40.00 X 157647 0 14082 CAROL CERNEY 40.00 X 91604 0 13419 BRIAN CONZEMIUS 40.00 X 96967 0 9923 346218 0 37424 1 0 1 0 0 403442 2952934 590870 3356376 LOAN INTEREST 900099 246016 246016 246016 727182 727182 12015656 11034984 980672 980672 980672 5310246 246016 0 1707854 1418984 1418984 55741 55741 351666 192807 122933 35926 1091703 928298 101432 61973 21862 16228 962 4672 122901 105659 9369 7873 94423 73787 14299 6337 6016 5791 225 33315 1878 31437 161039 161039 9172 6111 390 2671 129280 103897 12496 12887 3699 2962 395 342 72811 57500 8047 7264 21103 19120 763 1220 32810 32197 386 227 26311 19772 4117 2422 2683 2016 420 247 BAD DEBTS 239174 239174 OTHER EXPENSES 120187 111941 3252 4994 CONSULTANTS 48803 36348 10171 2284 BOARD EXPENSE 38049 38049 4101732 3430211 520182 151339 2323994 2624864 4806297 4766498 3646406 3100045 31739 19123 1130087 515325 626437 614762 25546944 28811314 13790 15567 36995607 39952173 107909 137372 65984 71572 2119941 1802374 282219 770840 2576053 2782158 X 2910674 2888450 13360505 15050402 18148375 19231163 34419554 37170015 36995607 39952173 1208514 1534529 7418 0 X X 0 1 X 1 0 X 2336261 1773883 2027218 6166508 3356376 15660246 2336261 1773883 2027218 6166508 3356376 15660246 6399431 9260815 1065360 915373 849237 877904 727182 4435056 20095302 1350573 0.46080 0.38220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 1050 0 0 1050 0 2 3850 3500 84435 1 1 24773912 1272691 3033613 1117700 27962516 26222261 505980 -851890 1102439 24773912 21592132 316997 5386657 1073525 26222261 19669559 351146 2622052 1050625 21592132 25371668 335669 -4888793 1148985 19669559 0.00000 0.68770 0.31230 0 0 706349 233534 472815 343738 270478 73260 80000 11313 68687 614762 OTHER INVESTMENTS 28811314 F 28811314 REFUNDABLE ADVANCES 58975 LINE OF CREDIT 211865 AGENCY PAYABLE 500000 770840 X 6691154 1534529 7418 -161039 1380908 5310246 0 5310246 3940693 0 3940693 161039 161039 4101732 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013, 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, 2013 THE FEDERAL AND MINNESOTA TAX RETURNS FOR THE FOUNDATION ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS 2010 TO 2012. AT JUNE 30, 2013, THE FOUNDATION DID NOT RECORD LIABILITIES FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH REVENUE -161,039. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH REVENUE 161,039. 1 RURAL AMERICA ARTS PARTNERSHIP 410 4TH ST SW PLAINVIEW MN 55964 411918904 501C3 25000 ZUMBRO VALLEY COMMUNITY GROWTH INITIATIVE KASSON MANTORVILLE SCHOOLS COMMUNITY EDUCATION KASSON MN 55944 416008530 SCHOOL/EDUCATION 21500 EARLY CHILDHOOD INITIATIVE PROJECT FINE 202 THIRD ST W WINONA MN 55987 411883675 501C3 20000 CONNECTING PARENTS, CHILDREN AND EARLY CHILDHOOD GREATER MANKATO AREA UNITED WAY 101 2ND ST N STE 100 MANKATO MN 56001 416008819 501C3 10000 FIRST STEPS TRAINING FIRST CHILDREN'S FINANCE 212 3RD AVE N STE 212 MINNEAPOLIS MN 55401 411694837 501C3 50000 ONE BIG THING: BUSINESS DEVELOPMENT AND MENTORING FOR QUALITY FAMILY CHILD CARE MN LICENSED FAMILY CHILD CARE ASSOCIATION 1821 UNIVERSITY AVE W STE 324 S SAINT PAUL MN 55104 416152641 501C3 50000 ONE BIG THING: BUSINESS DEVELOPMENT AND MENTORING FOR QUALITY FAMILY CHILD CARE AUSTIN PUBLIC SCHOOLS COMMUNITY LEARNING CENTER AUSTIN MN 55912 416002526 SCHOOL/EDUCATION 11218 SCHOOL READINESS TRAINING UNITED FOR KIDS - FARIBAULT EARLY CHILDHOOD COALITION 948 CARLTON AVE FARIBAULT MN 55021 416017744 SCHOOL/EDUCATION 9558 SOCIAL/EMOTIONAL SKILLSTREAMING MINNESOTA CHILDREN'S MUSEUM OF ROCHESTER 1643 1/2 BROADWAY ST N ROCHESTER MN 55906 411354181 501C3 10000 SPARKING LEARNING THROUGH LITERACY PLAY NORTHFIELD PUBLIC SCHOOLS COMMUNITY SERVICES NORTHFIELD MN 55057 416008327 SCHOOL/EDUCATION 19018 ECFE ON THE GO CHILDREN'S MUSEUM OF SOUTHERN MN 19 REGENCY CT MANKATO MN 56002 204351801 501C3 10000 UNLEASH THE POWER OF SUPER PLAY ROCHESTER AREA CHAMBER OF COMMERCE FOUNDATION 220 BROADWAY S ROCHESTER MN 55904 411675433 501C3 19800 SUPPLIER DIVERSITY INITIATIVE CITY OF ST JAMES PO BOX 70 SAINT JAMES MN 56081 411849588 GOVERNMENT 19459 ST JAMES ECONOMIC DEVELOPMENT AUTHORITY COMMERICAL KITCHEN INCUBATOR CITY OF SPRING GROVE 155 MAIN ST W SPRING GROVE MN 55974 416005553 GOVERNMENT 25000 GREATER SPRING GROVE COMMUNITY GROWTH INITIATIVE FREEBORN COUNTY PUBLIC HEALTH 411 BROADWAY S ALBERT LEA MN 56007 416005795 GOVERNMENT 10000 HOME VISITING PROGRAM RICE COUNTY PUBLIC HEALTH 320 3RD ST NW STE 1 FARIBAULT MN 55021 416005882 GOVERNMENT 10000 HOME VISITING PROGRAM WATERVILLE ELYSIAN MORRISTOWN SCHOOL DISTRICT 500 PAQUIN ST E WATERVILLE MN 560961596 411743364 SCHOOL/EDUCATION 10000 HOME VISITING PROGRAM WATONWAN COUNTY HUMAN SERVICES 715 2ND AVE S SAINT JAMES MN 56081 416005922 GOVERNMENT 4000 HOME VISITING PROGRAM YOUTH FIRST PO BOX 826 FAIRMONT MN 56031 200671259 501C3 20000 HOME VISITING PROGRAM KASSON MANTORVILLE SCHOOLS COMMUNITY EDUCATION KASSON MN 55944 416008530 SCHOOL/EDUCATION 6000 HOME VISITING PROGRAM BEST OF WASECA COUNTY 300 STATE ST N WASECA MN 56093 432019578 501C3 20000 EXPANDING ECONOMIC DEVELOPMENT EFFORTS IN WASECA WABASHA KELLOGG PUBLIC SCHOOL 2113 HIAWATHA DR E WABASHA MN 559811783 416004412 SCHOOL/EDUCATION 20000 SUCCESS THROUGH EARLY LEARNING YOUTH FIRST PO BOX 826 FAIRMONT MN 56031 200671259 501C3 8000 KINDER PREP PROGRAM WINONA AREA PUBLIC SCHOOLS COMMUNITY EDUCATION WINONA MN 55987 416004759 SCHOOL/EDUCATION 14482 PARTNERS IN EDUCATION/EARLY CHILDHOOD WASECA PUBLIC SCHOOLS WASECA PUBLIC SCHOOLS COMMUNITY EDUCATION WASECA MN 560933360 416008759 SCHOOL/EDUCATION 12800 WASECA COUNTY EARLY CHILDHOOD INITIATIVE/INCREDIBLE YEARS PROGRAM AUSTIN COMMUNITY CHARITABLE FUND 329 MAIN ST N STE 106L AUSTIN MN 559123478 363487772 501C3 5000 ENTREPRENEUR EXCHANGE A CHANCE TO GROW 1800 SECOND AVE NE MINNEAPOLIS MN 55418 411444113 501C3 20000 SMART PRE-K ALLIANCE RED WING IGNITE 315 W 4TH ST RED WING MN 55066 461469707 501C3 20000 RED WING IGNITE BUSINESS INCUBATOR ROCHESTER AREA FOUNDATION 200 1ST ST SW ROCHESTER MN 55905 416017740 501C3 10000 MAYO CLINIC VENTURES MBA INTERNSHIP SOUTHWEST INITIATIVE FOUNDATION 15 3RD AVE NW HUTCHINSON MN 55350 411555592 501C3 30000 YOUTH ENERGY SUMMIT FIRST CHILDREN'S FINANCE 212 3RD AVE N STE 212 MINNEAPOLIS MN 55401 411694837 501C3 10000 CHILD CARE CENTER BUSINESS IMPROVEMENT PROGRAM CITY OF JANESVILLE 101 N MOTT ST PO BOX O JANESVILLE MN 56048 416005263 GOVERNMENT 5200 FMV COMPUTER YOUNG EXPLORER COMPUTERS FOLLOW ME PRESCHOOL 200 FRONT ST E PO BOX 16 SAINT CLAIR MN 56080 412005389 501C3 5200 FMV COMPUTER YOUNG EXPLORER COMPUTERS CLEVELAND PUBLIC SCHOOL 400 6TH ST PO BOX 310 CLEVELAND MN 56017 416001905 SCHOOL/EDUCATION 5200 FMV COMPUTER YOUNG EXPLORER COMPUTERS SEMCAC INCORPORATED 204 S ELM ST RUSHFORD MN 55971 410907135 501C3 5200 FMV COMPUTER YOUNG EXPLORER COMPUTERS FOLLOW ME PRESCHOOL 200 FRONT ST E SAINT CLAIR MN 56080 412005389 501C3 5035 FMV BOOKS BOOKSTART BOOKS TRI-VALLEY OPPORTUNITY COUNCIL INCORPORATED ROCHESTER MIGRANT HEAD START ROCHESTER MN 55901 410888488 501C3 5485 FMV BOOKS BOOKSTART BOOKS FREEBORN COUNTY PUBLIC HEALTH 411 BROADWAY S ALBERT LEA MN 56007 416005795 GOVERNMENT 9433 FMV BOOKS BOOKSTART BOOKS NEW ULM PUBLIC SCHOOL CREATIVE KIDS PRESCHOOL NEW ULM MN 56073 416000373 SCHOOL/EDUCATION 8071 FMV BOOKS BOOKSTART BOOKS BUTTERFIELD ODIN PUBLIC SCHOOL 440 HUBBARD AVE BUTTERFIELD MN 561200189 416004644 SCHOOL/EDUCATION 5372 FMV BOOKS BOOKSTART BOOKS PARENTING RESOURCE CENTER INCORPORATED 105 1ST ST SE STE A AUSTIN MN 55912 411307920 501C3 5372 FMV BOOKS BOOKSTART BOOKS KASSON MANTORVILLE SCHOOLS COMMUNITY EDUCATION KASSON MN 55944 416008530 SCHOOL/EDUCATION 11531 FMV BOOKS BOOKSTART BOOKS WABASHA KELLOGG PUBLIC SCHOOL 2113 HIAWATHA DR E WABASHA MN 559811783 416004412 SCHOOL/EDUCATION 9245 FMV BOOKS BOOKSTART BOOKS THREE RIVERS COMMUNITY ACTION INCORPORATED 1414 NORTH STAR DR ZUMBROTA MN 55992 410906178 501C3 5110 FMV BOOKS BOOKSTART BOOKS NEW RICHLAND HARTLAND ELLENDALE GENEVA PUBLIC SCHOOLS COMMUNITY EDUCATION NEW RICHLAND MN 56072 411769172 SCHOOL/EDUCATION 8321 FMV BOOKS BOOKSTART BOOKS MINNESOTA CHILDREN'S MUSEUM OF ROCHESTER 1643 1/2 BROADWAY ST N ROCHESTER MN 55906 411354181 501C3 14530 FMV BOOKS BOOKSTART BOOKS SEMCAC INCORPORATED 204 ELM ST S RUSHFORD MN 55971 410907135 501C3 6597 FMV BOOKS BOOKSTART BOOKS SOUTHLAND SCHOOL DISTRICT SOUTHLAND EARLY CHILDHOOD CENTER ADAMS MN 55909 410972446 SCHOOL/EDUCATION 5860 FMV BOOKS BOOKSTART BOOKS RICE COUNTY PUBLIC HEALTH 320 3RD ST NW STE 1 FARIBAULT MN 55021 416005882 GOVERNMENT 8995 FMV BOOKS BOOKSTART BOOKS ALBERT LEA AREA SCHOOLS 211 RICHWAY DR W ALBERT LEA MN 56007 416001171 SCHOOL/EDUCATION 5297 FMV BOOKS BOOKSTART BOOKS TRINITY LUTHERAN CHURCH & SCHOOL TRINITY LUTHERAN PRESCHOOL JANESVILLE MN 56048 410705855 501C3 8633 FMV BOOKS BOOKSTART BOOKS MANKATO AREA PUBLIC SCHOOLS COMMUNITY EDUCATION RECREATION MANKATO MN 56001 416000310 SCHOOL/EDUCATION 5357 FMV BOOKS PEARSON BOOKS SOUTHEASTERN LIBRARIES COOPERATING (SELCO) 107 FRONTAGE ROAD W ROCHESTER MN 55902 410986063 501C3 26697 FMV BOOKS PEARSON BOOKS MANKATO DOWNTOWN KIWANIS FOUNDATION PO BOX 733 MANKATO MN 56002 411908825 501C3 33950 FMV BOOKS PEARSON BOOKS CHILD CARE RESOURCE & REFERRAL INC 126 WOODLAKE DR SE ROCHESTER MN 55904 410987753 501C3 33200 FMV BOOKS PEARSON BOOKS MN VALLEY ACTION COUNCI INC SOUTH CENTRAL WORKFORCE COUNCIL MFIP INNOVATIONS TEEN PARENT PROJEC MANKATO MN 56001 416050353 501C3 45150 FMV BOOKS PEARSON BOOKS SEMCAC HEAD START 204 S ELM ST RUSHFORD MN 55971 410907135 501C3 17283 FMV BOOKS ABDO BOOKS NORTHFIELD PUBLIC SCHOOLS 1651 JEFFERSON PKWY NORTHFIELD MN 55057 416008327 SCHOOL/EDUCATION 6367 FMV BOOKS ABDO BOOKS FILLMORE CENTRAL SCHOOL DISTRICT 702 CHATFIELD ST PRESTON MN 55965 411809022 SCHOOL/EDUCATION 7049 FMV BOOKS ABDO BOOKS MN VALLEY ACTION COUNCIL INC 464 RAINTREE RD MANKATO MN 56001 416050353 501C3 7732 FMV BOOKS ABDO BOOKS CHILD CARE RESOURCE & REFERRAL 126 WOODLAKE DRIVE SE ROCHESTER MN 55904 410987753 501C3 12734 FMV BOOKS ABDO BOOKS CITY OF WANAMINGO 401 MAIN ST WANAMINGO MN 55946 416005614 GOVERNMENT 37892 VETERANS MEMORIAL & COMMUNITY SWIMMING POOL KENYON-WANAMINGO PUBLIC SCHOOLS 400 6TH ST WANAMINGO MN 55946 411780357 SCHOOL/EDUCATION 5001 COMMUITH BALLFIELD CITY OF EASTON PO BOX 136 EASTON MN 56025 416005113 GOVERNMENT 6850 COMMUNITY PLAYGROUND RUSHFORD PETERSON SCHOOLS 102 MILL ST N RUSHFORD MN 55971 411655958 SCHOOL/EDUCATION 11852 EDUCATION GRANTS CITY OF RUSHFORD 101 MILL ST N RUSHFORD MN 55971 416005505 GOVERNMENT 23453 BROOKLYN PARK REBUILD PROJECT & SAFE ROUTES TO SCHOOL STUDY MAPLE RIVER SCHOOLS PO BOX 515 MAPLETON MN 56065 411734559 SCHOOL/EDUCATION 34240 EDUCATION GRANTS PLAINVIEW ELGIN MILLVILLE COMMUNITY SCHOOL DISTRICT 500 BROADWAY W PLAINVIEW MN 55964 331134777 SCHOOL/EDUCATION 4743 EDUCATION GRANTS CITY OF SAINT JAMES PO BOX 70 SAINT JAMES MN 56081 411849588 GOVERNMENT 75799 PRINCESS THEATER CITY OF SAINT JAMES PO BOX 70 SAINT JAMES MN 56082 411849588 GOVERNMENT 10000 ST JAMES ECONOMIC DEVELOPMENT AUTHORITY INTERNSHIP PROGRAM WATERVILLE ELYSIAN MORRISTOWN SCHOOL DISTRICT 500 PAQUIN ST E WATERVILLE MN 56096 411743364 SCHOOL/EDUCATION 5500 RESOURCES WITH EXTRA ATTENTION TO CHILDREN IN THEIR HOME (REACH) NEW PRAGUE AREA SCHOOLS 410 CENTRAL AVE N NEW PRAGUE MN 56071 416003815 SCHOOL/EDUCATION 8150 SEEDS TRAINING INITIATIVE GRANT CITY OF HARMONY PO BOX 488 HARMONY MN 55939 411526181 GOVERNMENT 16097 SELVIG PARK EQUIPMENT GRANT FILLMORE CENTRAL SCHOOL DISTRICT 702 CHATFIELD ST PRESTON MN 55965 411809022 SCHOOL/EDUCATION 5500 SCHOLARSHIPS SCHOLARSHIPS 17 9500 HARDSHIP ASSISTANCE 36 46241 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FOUNDATION PROVIDES GRANTS ON AN OPEN APPLICATION BASIS. IT LISTS ITS REQUIREMENTS APPLYING FOR GRANTS ON ITS WEBSITE AND ON THE RFP IT SENDS OUT. THE FOUNDATION ALSO PROVIDES ASSISTANCE TO GRANT APPLICANTS AS NEEDED. THE FOUNDATION APPROVES THESE GRANTS BASED ON THE REQUIREMENTS LISTED FOR THE APPLICATION AND AGAINST ORGANIZATIONAL GUIDELINES AND BUDGET CONSTRAINTS. THE FOUNDATION REQUIRES THE APPLICANT FILL OUT AN APPLICATION AND UPON APPROVAL THE FOUNDATION WILL NOTIFY THE APPLICANT, HAVE THEM SIGN A CONTRACT AND THE FOUNDATION WILL REQUIRE ON-GOING CORRESPONDANCES, SITE VISITS, INTERIM AND FINAL REPORTS DEMONSTRATING DOLLARS WERE SPENT ACCORDING TO THE GUIDELINES THE FOUNDATION SET FORTH. X X X X 0 0 0 0 0 0 0 0 0 TIMOTHY PENNY 157647 0 0 0 0 0 4159 0 9923 0 171729 0 0 0 X 506430 FMV X COMPUTERS 24 62400 FMV X PAINT 736 19136 FMV X MISC SUPPLIES 1 2904 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 BY-LAW AMENDMENT ARTICLE III SECTION 3.03. NUMBER, QUALIFICATION AND TERM OF OFFICE CURRENT LANGUAGE: THE NUMBER OF TRUSTEES SHALL BE NOT LESS THAN THREE (3); AND MAY BE COMPRISED OF UP TO SEVENTEEN (17) PERSONS, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE REMAINING TRUSTEES. EACH TRUSTEE SHALL BE A RESIDENT OF THE 20 COUNTY SOUTHERN MINNESOTA AREA. EACH TRUSTEE SHALL HOLD OFFICE FOR THE LENGTH OF TIME PRESCRIBED WITHIN THE RESOLUTION OF APPOINTMENT OR UNTIL HIS OR HER DEATH, RESIGNATION, OR REMOVAL AS HEREINAFTER PROVIDED. TERMS MAY OR MAY NOT BE CONTIGUOUS TO THE CORPORATIONS FISCAL YEAR. PROPOSED CHANGE: THE NUMBER OF TRUSTEES SHALL BE NOT LESS THAN THREE (3); AND MAY BE COMPRISED OF UP TO SEVENTEEN (17) PERSONS, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE REMAINING TRUSTEES. EACH TRUSTEE SHALL BE A RESIDENT OF THE 20 COUNTIES OR CITIES WITHIN THE SOUTHERN MINNESOTA AREA, OR AS DETERMINED BY THE BOARD OF TRUSTEES. EACH TRUSTEE SHALL HOLD OFFICE FOR THE LENGTH OF TIME PRESCRIBED WITHIN THE RESOLUTION OF APPOINTMENT OR UNTIL HIS OR HER DEATH, RESIGNATION, OR REMOVAL AS HEREINAFTER PROVIDED. TERMS MAY OR MAY NOT BE CONTIGUOUS TO THE CORPORATIONS FISCAL YEAR. ADOPTED BY SMIF BOARD OF TRUSTEES 7/19/2012. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE WILL REVIEW THE 990 PRIOR TO FILING AND PRESENT TO THE BOARD FOR FULL APPROVAL. 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 FOUNDATION USES BENCHMARK INFORMATION TO DETERMINE COMPENSATION OF EMPLOYEES. THE BENCHMARK INFORMATION IS PULLED FROM SIMILAR NON-PROFITS, NATIONAL FOUNDATION SURVEYS, AND BUSINESS SALARY REPORTS. THE BOARD SETS THE COMPENSATION OF THE PRESIDENT WITH REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE. THE REMAINING STAFF SALARIES ARE APPROVED BY LEADERSHIP TEAM WITH AT LEAST TWO OTHER MEMBERS SIGNING OFF ON ALL APPROVALS. THE FINANCE COMMITTEE AND BOARD APPROVES THE OVERALL ALLOCATION FOR SALARIES AND MONITORS THIS THROUGHOUT THE YEAR. ALL INCREASES ARE DONE ANNUALLY FOR ALL EMPLOYEES. 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.