SOUTHERN MINNESOTA INITIATIVE FOUNDATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHERN MINNESOTA INITIATIVE FOUNDATION (EIN 36-3454285)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2012-11-13
- IRS object ID
- 201233189349303228
- Schema version
- 2011v1.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-13T14:18:07-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 310 BROADWAY AVENUE S SUITE 300 | AddressLine1 |
| City | ROCHESTER | City |
| State | MN | State |
| ZIP Code | 55904 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363454285 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHERN MINNESOTA INITIATIVE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SOUT | NameControl |
| Phone | 5074553215 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 FLORENCE AVENUE | AddressLine1 |
| City | OWATONNA | City |
| State | MN | State |
| ZIP Code | 55060 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRIAN CONZEMIUS | Name |
| Title | VICE PRESIDENT/CFO | Title |
| Phone | 5074553215 | Phone |
| Date Signed | 2012-11-05 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DANIEL W EDWARDS | Name |
| PTIN | P00043974 | PTIN |
| Phone | 5072886476 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | BRIAN CONZEMIUS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 FLORENCE AVENUE | AddressLine1 |
| City | OWATONNA | City |
| State | MN | State |
| ZIP Code | 55060 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 21304909 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | HTTP://WWW.SMIFOUNDATION.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1986 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 15 | NbrIndependentVotingMembers |
| Total Nbr Employees | 67 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2027218 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6166598 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 271614 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 243378 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2704446 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1144546 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5003278 | TotalRevenuePriorYear |
| Total Revenue Current Year | 7554522 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1397751 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1017851 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1712750 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1682990 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 143687 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 812817 | OtherExpensePriorYear |
| Other Expenses Current Year | 851829 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3923318 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3552670 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1079960 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4001852 | RevenuesLessExpensesCY |
| Total Assets BOY | 34660509 | TotalAssetsBOY |
| Total Assets EOY | 36995607 | TotalAssetsEOY |
| Total Liabilities BOY | 2397365 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2576053 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 32263144 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 34419554 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1246144 | Expense |
| Grants | 284197 | Grants |
| Description | 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1037504 | Expense |
| Grants | 563316 | Grants |
| Revenue | 243378 | Revenue |
| Description | SOUTHERN MINNESOTA INITIATIVE FOUNDATION PROVIDES GRANTS AND TECHNICAL ASSISTANCE TO LOCAL GOVERNMENTS, COMMUNITY PARTNERSHIPS AND NONPROFIT ORGANIZATIONS. OUR WORKFORCE AND COMMUNITY ASSISTANCE EFFORTS ARE FOCUSING ON DEVELOPING COMMUNITIES ASSETS AND SKILLED WORKERS PREPARED TO DRIVE GROWTH WITHIN THE FOLLOWING KEY AREAS: EARLY CHILDHOOD EDUCATION (STRENGTHEN LOCAL RESOURCES FOR YOUNG CHILDREN AND THEIR FAMILIES),EXPERIENTIAL CAREER EDUCATION (PROVIDE OPPORTUNITIES FOR NON-COLLEGE BOUND STUDENTS TO SUCCEED IN THE WORKPLACE), ENGAGED ELDERS (ENGAGE OLDER CITIZENS IN PAID EMPLOYMENT OR VOLUNTEERISM RELATED TO OUR BUSINESS AND WORKFORCE INTEREST) AND NEW IMMIGRANTS (CAPITALIZE ON THE ASSETS OF NEW IMMIGRANTS IN THE WORKPLACE). | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 464640 | Expense |
| Grants | 49080 | Grants |
| Description | SOUTHERN MINNESOTA INITIATIVE FOUNDATION ADMINISTERS THE AMERICORPS-SOUTHERN MINNESOTA GRANT FOCUSING ON EARLY CHILDHOOD. SUPPORTED AMERICORP MEMBERS SERVE IN NON-PROFITS THROUGHOUT THE TWENTY COUNTY AREA WORKING WITH PRESCHOOL CHILDREN AND PARENTS ON EARLY LITERACY AND SCHOOL READINESS SUPPORT. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 178414 | Expense |
| Grants | 121258 | Grants |
| Description | 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 178414 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 121258 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 2926702 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 1 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 67 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 67 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 15 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRIAN CONZEMIUS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5074553215 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 FLORENCE AVENUE | AddressLine1 |
| City | OWATONNA | City |
| State | MN | State |
| ZIP Code | 55060 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| STEVE UNDERDAHL | ||||||
| CHAIR | 2.00 | X | X | 0 | 0 | 0 |
| ROBERT HOFFMAN | ||||||
| VICE CHAIR | 2.00 | X | X | 0 | 0 | 0 |
| STEPHEN WALDHOFF | ||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 |
| LINDA CRUZ LARES | ||||||
| SECRETARY | 2.00 | X | X | 0 | 0 | 0 |
| JEAN BURKHARDT | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| JULIE BOYLAND | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| BILL DAVIS | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| DAVE FISK | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| CAROL KAMPER | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| BUKATA HAYES | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| COLLEEN SKILLINGS | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| JOHN MONSON | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| DANNY HARJO | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| RAYMOND STAWARZ | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| SUE KOLLING | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| TIMOTHY PENNY | ||||||
| PRESIDENT/CEO | 40.00 | X | 152987 | 0 | 13544 | |
| CAROL CERNEY | ||||||
| VICE PRESIDENT/COO | 40.00 | X | 100229 | 0 | 13318 | |
| BRIAN CONZEMIUS | ||||||
| VICE PRESIDENT/CFO | 40.00 | X | 94328 | 0 | 9506 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 347544 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 36368 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 394439 | GovernmentGrants |
| All Other Contributions | 5772159 | AllOtherContributions |
| Noncash Contributions | 353286 | NoncashContributions |
| Total Contributions | 6166598 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LOAN INTEREST | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 243378 | TotalRevenueColumn |
| Related Or Exempt Function Income | 243378 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 243378 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 877904 | TotalRevenueColumn |
| Exclusion | $877,904 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 14017029 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 13750387 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 266642 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 266642 | TotalRevenueColumn |
| Exclusion | $266,642 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7554522 | TotalRevenueColumn |
| Related Or Exempt Function Income | 243378 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,144,546 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1001267 | Total |
| Program Services | 1001267 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16584 | Total |
| Program Services | 16584 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 403886 | Total |
| Program Services | 240147 | ProgramServices |
| Management And General | 128570 | ManagementAndGeneral |
| Fundraising | 35169 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1042588 | Total |
| Program Services | 881018 | ProgramServices |
| Management And General | 104275 | ManagementAndGeneral |
| Fundraising | 57295 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19460 | Total |
| Program Services | 16931 | ProgramServices |
| Management And General | 852 | ManagementAndGeneral |
| Fundraising | 1677 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126613 | Total |
| Program Services | 113695 | ProgramServices |
| Management And General | 2613 | ManagementAndGeneral |
| Fundraising | 10305 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90443 | Total |
| Program Services | 76177 | ProgramServices |
| Management And General | 8532 | ManagementAndGeneral |
| Fundraising | 5734 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 554 | Total |
| Program Services | 554 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38073 | Total |
| Program Services | 1650 | ProgramServices |
| Management And General | 36423 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 153504 | Total |
| Management And General | 153504 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14484 | Total |
| Program Services | 8636 | ProgramServices |
| Management And General | 354 | ManagementAndGeneral |
| Fundraising | 5494 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 127508 | Total |
| Program Services | 105282 | ProgramServices |
| Management And General | 11125 | ManagementAndGeneral |
| Fundraising | 11101 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2854 | Total |
| Program Services | 1557 | ProgramServices |
| Management And General | 206 | ManagementAndGeneral |
| Fundraising | 1091 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58351 | Total |
| Program Services | 42087 | ProgramServices |
| Management And General | 9965 | ManagementAndGeneral |
| Fundraising | 6299 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6817 | Total |
| Program Services | 5957 | ProgramServices |
| Management And General | 392 | ManagementAndGeneral |
| Fundraising | 468 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19294 | Total |
| Program Services | 18424 | ProgramServices |
| Management And General | 549 | ManagementAndGeneral |
| Fundraising | 321 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25602 | Total |
| Program Services | 19153 | ProgramServices |
| Management And General | 4070 | ManagementAndGeneral |
| Fundraising | 2379 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2803 | Total |
| Program Services | 2097 | ProgramServices |
| Management And General | 446 | ManagementAndGeneral |
| Fundraising | 260 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| BAD DEBTS | 159045 | 159045 | ||
| OTHER EXPENSES | 128976 | 124263 | 4067 | 646 |
| CONSULTANTS | 99676 | 92178 | 2050 | 5448 |
| BOARD EXPENSE | 14288 | 14288 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3552670 | Total |
| Program Services | 2926702 | ProgramServices |
| Management And General | 482281 | ManagementAndGeneral |
| Fundraising | 143687 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2208919 | BOY |
| EOY | 2323994 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 919720 | BOY |
| EOY | 4806297 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3416874 | BOY |
| EOY | 3646406 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14125 | BOY |
| EOY | 31739 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1142804 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 516367 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 590818 | BOY |
| EOY | 626437 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27487995 | BOY |
| EOY | 25546944 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22058 | BOY |
| EOY | 13790 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34660509 | BOY |
| EOY | 36995607 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 99534 | BOY |
| EOY | 107909 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 153989 | BOY |
| EOY | 65984 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1859200 | BOY |
| EOY | 2119941 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 284642 | BOY |
| EOY | 282219 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2397365 | BOY |
| EOY | 2576053 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3064952 | BOY |
| EOY | 2910674 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11326461 | BOY |
| EOY | 13360505 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17871731 | BOY |
| EOY | 18148375 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32263144 | BOY |
| EOY | 34419554 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34660509 | BOY |
| EOY | 36995607 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4001852 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1845442 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 9871599 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2336261 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1773883 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2027218 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6166508 | CurrentTaxYear |
| Total | 22175469 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 9871599 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2336261 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1773883 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2027218 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6166508 | CurrentTaxYear |
| Total | 22175469 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 11945611 | AmountsSubstContributorsTotal |
| Public Support Total170 | 10229858 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 799418 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1065360 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 915373 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 849237 | CurrentTaxYearMinus1Year |
| Current Tax Year | 877904 | CurrentTaxYear |
| Total | 4507292 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 81183 | CurrentTaxYearMinus4Years |
| Total | 81183 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 26763944 | TotalSupport |
| Gross Receipts From Admissions Etc | 1438962 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.38220 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.44950 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number DA Fs Held | 2 | NumberDAFsHeld |
| Donor Advised Contributions | 3500 | DonorAdvisedContributions |
| Grants Paid From Donor Funds | 4000 | GrantsPaidFromDonorFunds |
| Aggregate DAF Value | 75557 | AggregateDAFValue |
| Disclosed Orgs Legal Control | 1 | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | 1 | DisclosedForCharitablePurposes |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 26222261 | BeginningOfYearBalance |
| Contributions | 505980 | Contributions |
| Investment Earnings Or Losses | -851890 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1102439 | GrantsOrScholarships |
| End Of Year Balance | 24773912 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21592132 | BeginningOfYearBalance |
| Contributions | 316997 | Contributions |
| Investment Earnings Or Losses | 5386657 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1073525 | GrantsOrScholarships |
| End Of Year Balance | 26222261 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19669559 | BeginningOfYearBalance |
| Contributions | 351146 | Contributions |
| Investment Earnings Or Losses | 2622052 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1050625 | GrantsOrScholarships |
| End Of Year Balance | 21592132 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 25371668 | BeginningOfYearBalance |
| Contributions | 335669 | Contributions |
| Investment Earnings Or Losses | -4888793 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1148985 | GrantsOrScholarships |
| End Of Year Balance | 19669559 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.73260 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.26740 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 706349 | OtherCostOrOtherBasis |
| Depreciation | 207696 | Depreciation |
| Book Value | 498653 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 356455 | OtherCostOrOtherBasis |
| Depreciation | 298166 | Depreciation |
| Book Value | 58289 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 80000 | OtherCostOrOtherBasis |
| Depreciation | 10505 | Depreciation |
| Book Value | 69495 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 626437 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INVESTMENTS | Description |
| Book Value | 25546944 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 25546944 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| REFUNDABLE ADVANCES | $53,115 |
| LINE OF CREDIT | $229,104 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 282219 | TotalOfAmounts |
| Total Revenue | 7554522 | TotalRevenue |
| Total Expenses | 3552670 | TotalExpenses |
| Excess Or Deficit For Year | 4001852 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1852575 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 7133 | DonatedServicesAndFacilities |
| Total Adjustments | -1845442 | TotalAdjustments |
| Excess Or Deficit Per FS | 2156410 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 5555576 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1852575 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 7133 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -153504 | OtherRevenues |
| Revenue Not Rptd F990 | -1998946 | RevenueNotRptdF990 |
| Revenue Subtotal | 7554522 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 7554522 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3399166 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3399166 | ExpensesSubtotal |
| Other Expenses Not Included | 153504 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 153504 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3552670 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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: | 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, 2012, 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, 2012 THE FEDERAL AND MINNESOTA TAX RETURNS FOR THE FOUNDATION ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS 2009 TO 2011. AT JUNE 30, 2012, THE FOUNDATION DID NOT RECORD LIABILITIES FOR UNCERTAIN TAX POSITIONS. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | INVESTMENT FEES NETTED WITH REVENUE -153,504. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | INVESTMENT FEES NETTED WITH REVENUE 153,504. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (55 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|---|
| ISD #204 - KASSON MANTORVILLE | |||||||||
| COMMUNITY EDUCATION | KASSON | MN | 55944 | 416008530 | SCHOOL/EDUCATION | 11243 | FMV | BOOKS | BOOKSTART BOOKS |
| ISD #2137 - KINGSLAND | |||||||||
| COMMUNITY EDUCATION | SPRING VALLEY | MN | 55975 | 411740007 | SCHOOL/EDUCATION | 7322 | FMV | BOOKS | BOOKSTART BOOKS |
| ISD #2198 - FILLMORE CENTRAL COMMUNITY ED | |||||||||
| 702 CHATFIELD ST | PRESTON | MN | 55965 | 411809022 | SCHOOL/EDUCATION | 7580 | FMV | BOOKS | BOOKSTART BOOKS |
| ISD #239 - RUSHFORD PETERSON | |||||||||
| COMMUNITY EDUCATION | RUSHFORD | MN | 559710627 | 411655958 | SCHOOL/EDUCATION | 5237 | FMV | BOOKS | BOOKSTART BOOKS |
| ISD #756 BLOOMING PRAIRIE ECFE | |||||||||
| 123 2ND ST NW | BLOOMING PRAIRIE | MN | 55917 | 416004108 | SCHOOL/EDUCATION | 6862 | FMV | BOOKS | BOOKSTART BOOKS |
| ISD #77 - MANKATO ESL FAMILY LITERACY | |||||||||
| LINCOLN COMMUNITY CENTER | MANKATO | MN | 56001 | 416000310 | SCHOOL/EDUCATION | 7382 | FMV | BOOKS | BOOKSTART BOOKS |
| ISD #829 - WASECA | |||||||||
| COMMUNITY EDUCATION | WASECA | MN | 560933360 | 416008759 | SCHOOL/EDUCATION | 5628 | FMV | BOOKS | BOOKSTART BOOKS |
| ISD #861 - WINONA AREA MADISON ELEMENTARY | |||||||||
| MADISON ELEMENTARY SCHOOL | WINONA | MN | 55987 | 416004759 | SCHOOL/EDUCATION | 5013 | FMV | BOOKS | BOOKSTART BOOKS |
| ISD #88 - NEW ULM ECFE | |||||||||
| CREATIVE KIDS PRESCHOOL | NEW ULM | MN | 56073 | 416000373 | SCHOOL/EDUCATION | 11370 | FMV | BOOKS | BOOKSTART BOOKS |
| ISD #4064 - RIVERWAY LEARNING COMMUNITY | |||||||||
| 115 IOWA ST | MINNESOTA CITY | MN | 55959 | 411945936 | 501C3 | 5685 | FMV | BOOKS | BOOKSTART BOOKS |
| YOUTH FIRST | |||||||||
| 714 VICTORIA ST | FAIRMONT | MN | 56031 | 200671259 | 501C3 | 10594 | FMV | BOOKS | BOOKSTART BOOKS |
| MOBILIZE MONTGOMERY | |||||||||
| 206 1ST ST S | MONTGOMERY | MN | 56069 | 411724371 | 501C3 | 8792 | FMV | BOOKS | BOOKSTART BOOKS |
| ISD #659 - NORTHFIELD | |||||||||
| 1651 JEFFERSON PKWAY | NORTHFIELD | MN | 55057 | 416008327 | SCHOOL/EDUCATION | 9844 | FMV | BOOKS | BOOKSTART BOOKS |
| RIDGEWAY COMMUNITY SCHOOL | |||||||||
| 35564 COUNTY RD 12 | HOUSTON | MN | 55943 | 412015115 | SCHOOL/EDUCATION | 5415 | FMV | BOOKS | BOOKSTART BOOKS |
| RIVERLAND COMMUNITY COLLEGE | |||||||||
| 1900 8TH AVE NW | AUSTIN | MN | 55912 | 411687554 | SCHOOL/EDUCATION | 5628 | FMV | BOOKS | BOOKSTART BOOKS |
| SEMCAC INCORPORATED | |||||||||
| 204 ELM ST S | RUSHFORD | MN | 55971 | 410907135 | 501C3 | 13103 | FMV | BOOKS | BOOKSTART BOOKS |
| TRI-VALLEY OPPORTUNITY COUNCIL INCORPORATED | |||||||||
| ROCHESTER MIGRANT HEAD START | ROCHESTER | MN | 55901 | 410888488 | 501C3 | 7040 | FMV | BOOKS | BOOKSTART BOOKS |
| WATONWAN COUNTY PUBLIC HEALTH | |||||||||
| 715 2ND AVE S | SAINT JAMES | MN | 560811731 | 416005922 | GOVERNMENT | 11828 | FMV | BOOKS | BOOKSTART BOOKS |
| ISD #204 - KASSON MANTORVILLE | |||||||||
| 606 16TH ST NE | KASSON | MN | 55944 | 416008530 | SCHOOL/EDUCATION | 5200 | FMV | COMPUTER | YOUNG EXPLORER COMPUTER |
| ISD #492 - AUSTIN | |||||||||
| 912 1ST AVE NE | AUSTIN | MN | 55912 | 416002526 | SCHOOL/EDUCATION | 5200 | FMV | COMPUTER | YOUNG EXPLORER COMPUTER |
| RIDGEWAY COMMUNITY SCHOOL | |||||||||
| 35546 COUNTY RD 12 | HOUSTON | MN | 55943 | 412015115 | SCHOOL/EDUCATION | 5200 | FMV | COMPUTER | YOUNG EXPLORER COMPUTER |
| MAIN STREET PROJECT | |||||||||
| 105 FOURTH ST E STE 300 | NORTHFIELD | MN | 55057 | 201788275 | 501C3 | 100000 | AGRIPRENEUR INCUBATOR | ||
| THE READING CENTER DYSLEXIA INSTITUTE OF MN | |||||||||
| 847 5TH ST NW | ROCHESTER | MN | 55901 | 411633734 | 501C3 | 20000 | BEFOR PROGRAM | ||
| THE BIOBUSINESS ALLIANCE OF MN | |||||||||
| 1550 UTICA AVE S STE 725 | SAINT LOUIS PARK | MN | 55416 | 202474734 | 501C3 | 20000 | BIOINDUSTRIAL PROCESSING INITIATIVE | ||
| FILLMORE COUNTY ECONOMIC DEVELOPMENT AUTHORITY | |||||||||
| 101 FILLMORE ST | PRESTON | MN | 55965 | 416005794 | GOVERNMENT | 20000 | BUSINESS SUCCESSION PLANNING | ||
| CITY OF PINE ISLAND | |||||||||
| 250 MAIN ST S STE 211 | PINE ISLAND | MN | 55963 | 416005457 | GOVERNMENT | 25000 | BUSINESS SUCCESSION PLANNING | ||
| ISD #77 MANKATO AREA PUBLIC SCHOOLS | |||||||||
| STUDENT SUPPORT SERVICES | NORTH MANKATO | MN | 56003 | 416000310 | SCHOOL/EDUCATION | 17570 | CLASS 2 CAREERS | ||
| CITY OF MABEL | |||||||||
| 207 MAIN N | MABEL | MN | 559540425 | 416005332 | GOVERNMENT | 25000 | COMMUNITY CENTER | ||
| NORTHFIELD ENTERPRISE CENTER | |||||||||
| 207 3RD ST W | NORTHFIELD | MN | 55057 | 412018105 | 501C3 | 20000 | COWORKING INCUBATOR/ACCELERATOR | ||
| CIVIC LEAGUE DAY NURSERY SW | |||||||||
| 427 6TH AVE SW | ROCHESTER | MN | 55902 | 410721719 | 501C3 | 20000 | CREATIVE CURRICULUM PROFESSIONAL DEVELOP. | ||
| ISD# 858 - SAINT CHARLES | |||||||||
| ST CHARLES ELEMENTARY SCHOOL | ST CHARLES | MN | 55972 | 416004727 | SCHOOL/EDUCATION | 21500 | EARLY CHILDHOOD INITIATIVE | ||
| UNITED WAY OF BROWN COUNTY | |||||||||
| PO BOX 476 | NEW ULM | MN | 56073 | 416033115 | 501C3 | 10351 | ECFE ON WHEELS | ||
| YOUTH FIRST | |||||||||
| 714 VICTORIA ST | FAIRMONT | MN | 56031 | 200671259 | 501C3 | 5000 | ECI COALTIONS PROJECT GRANT | ||
| ISD #300 - LA CRESCENT HOKAH | |||||||||
| 703 11TH ST S | LA CRESCENT | MN | 55947 | 416001467 | SCHOOL/EDUCATION | 5000 | ECI COALTIONS PROJECT GRANT | ||
| ISD #2071 - LAKE CRYSTAL WELLCOME MEMORIAL | |||||||||
| PO BOX 160 | LAKE CRYSTAL | MN | 56055 | 411680296 | SCHOOL/EDUCATION | 5000 | ECI COALTIONS PROJECT GRANT | ||
| ISD #2448 - MARTIN COUNTY WEST | |||||||||
| 308 4TH ST | WELCOME | MN | 56181 | 411716840 | SCHOOL/EDUCATION | 5000 | ECI COALTIONS PROJECT GRANT | ||
| MOBILIZE MONTGOMERY | |||||||||
| 206 1ST ST S | MONTGOMERY | MN | 56069 | 411724371 | 501C3 | 5000 | ECI COALTIONS PROJECT GRANT | ||
| ISD #659 - NORTHFIELD | |||||||||
| 1651 JEFFERSON PKWAY | NORTHFIELD | MN | 55057 | 416008327 | SCHOOL/EDUCATION | 5000 | ECI COALTIONS PROJECT GRANT | ||
| WASECA COUNTY COLLABORATIVE FOR FAMILIES | |||||||||
| 299 JOHNSON AVE STE 160 | WASECA | MN | 56093 | 416008759 | SCHOOL/EDUCATION | 5000 | ECI COALTIONS PROJECT GRANT | ||
| ISD #840 - SAINT JAMES | |||||||||
| PO BOX 509 | SAINT JAMES | MN | 56081 | 416004625 | SCHOOL/EDUCATION | 5000 | ECI COALTIONS PROJECT GRANT | ||
| CITY OF RED WING | |||||||||
| 315 4TH ST W | RED WING | MN | 550660034 | 406005482 | GOVERNMENT | 25000 | ENTREPRENEUR CGI | ||
| REGENTS OF THE UNIVERSITY OF MN | |||||||||
| 300 UNIVERSITY SQ | ROCHESTER | MN | 55904 | 416007513 | SCHOOL/EDUCATION | 30000 | ENTREPRENEUR SUPPORT IN SOUTHERN MN | ||
| LANESBORO LOCAL | |||||||||
| 101 PARKWAY AVE | LANESBORO | MN | 55949 | 264769416 | 501C3 | 20000 | ENTREPRENEUR TRAINING | ||
| CITY OF RUSHFORD | |||||||||
| 101 MILL ST N | RUSHFORD | MN | 559710430 | 416005505 | GOVERNMENT | 8670 | FIRE BOOK PROJECT | ||
| FREEBORN COUNTY PUBLIC HEALTH | |||||||||
| 411 BROADWAY S | ALBERT LEA | MN | 56007 | 416005795 | GOVERNMENT | 10000 | HOME VISITING | ||
| ISD #2143 - WATERVILLE ELYSIAN MORRISOWN | |||||||||
| 6267 STATE HWY 60 | WATERVILLE | MN | 56096 | 411743364 | SCHOOL/EDUCATION | 10000 | HOME VISITING | ||
| WASECA COUNTY PUBLIC HEALTH SERVICES | |||||||||
| 299 JOHNSON AVE SW | WASECA | MN | 56093 | 416005917 | GOVERNMENT | 10000 | HOME VISITING | ||
| YOUTH FIRST | |||||||||
| PO BOX 826 | FAIRMONT | MN | 56031 | 200671259 | 501C3 | 11900 | KINDERGARTEN CAMP | ||
| ISD #2137 - KINGSLAND | |||||||||
| 705 SECTION AVE N | SPRING VALLEY | MN | 55975 | 411740007 | SCHOOL/EDUCATION | 15000 | KINDERGARTEN PREP | ||
| MN LICENSED FAMILY CHILD CARE ASSOCIATION | |||||||||
| 1821 UNIVERSITY AVE W STE 324 S | SAINT PAUL | MN | 55104 | 416152641 | 501C3 | 20000 | MENTORING FAMILY CHILD CARE PROVIDERS | ||
| GRACE PLACE | |||||||||
| 66 2ND ST E | WINONA | MN | 55987 | 411734728 | 501C3 | 10000 | RUSHFORD OUTREACH PROGRAM | ||
| FIRST CHILDREN'S FINANCE | |||||||||
| 212 3RD AVE N STE 212 | MINNEAPOLIS | MN | 55401 | 411694837 | 501C3 | 10000 | SO MN BUSINESS IMPROVEMENT PROJECT | ||
| SOUTH CENTRAL SERVICE COOPERATIVE | |||||||||
| 2075 LOOKOUT DR | MANKATO | MN | 56003 | 411297678 | SCHOOL/EDUCATION | 20000 | SOCIAL EMOTIONAL TRAININGS | ||
| ISD #77 - MANKATO | |||||||||
| COMMUNITY EDUCATION RECREATION | MANKATO | MN | 56001 | 416000310 | SCHOOL/EDUCATION | 20000 | STEP BY STEP BACKPACK PROJECT | ||
| WELLCOME MANOR FAMILY SERVICES | |||||||||
| 114 PLEASANT ST W | GARDEN CITY | MN | 560340238 | 208341986 | 501C3 | 15000 | WELLCOME TO LEARNING! | ||
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 7 | NumberOfRecipients |
| Amount Of Cash Grant | 5000 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | TIMOTHY PENNY | NamePerson |
| Base Compensation Filing Org | 152987 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 4038 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 9922 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 166947 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 229638 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | COMPUTERS | 40 | 104000 | FMV |
| X | PAINT | 734 | 18350 | FMV |
| X | MISC SUPPLIES | 1 | 1298 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -1,852,575. DONATED SERVICES AND USE OF FACILITIES: 7,133. TOTAL TO FORM 990, PART XI, LINE 5: -1,845,442. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| 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. |
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