2012-05-15T11:29:47-05:00 2011-06-30 ABDO EICK & MEYERS LLP 11 CIVIC CENTER PLAZA SUITE 300 MANKATO MN 56001 990 2010-07-01 410011094 MANKATO AREA FOUNDATION MANK 5073894583 220 EAST MAIN STREET STE 5 MANKATO MN 56001 BRYAN SOWERS 5073879489 2012-05-09 1 ERIK R LEAGJELD CPA 5076252727 2012-05-09 2010 2016-02-24 21:20:13Z BRYAN SOWERS 220 EAST MAIN STREET STE 5 MANKATO MN 56001 404851 0 X WWW.MANKATOAREAFOUNDATION.COM X 1974 MN TO ENHANCE AND IMPROVE THE QUALITY OF LIFE IN MANKATO AREA. 21 21 1 21 0 0 165316 312912 29137 0 45934 52443 0 39496 240387 404851 67194 105959 0 0 42803 49663 0 0 5685 64009 69207 174006 224829 66381 180022 2527140 3221104 193952 293118 2333188 2927986 X THE FOUNDATION PROVIDES AN AVENUE OF GIVING FOR INDIVIDUALS AND GROUPS INTERESTED IN COMMUNITY ENRICHMENT. SUCH ACTIVITIES INCLUDE THE MIRACLE LEAGUE OF NORTH MANKATO, DIVERSITY COUNCIL, MANKATO PUBLIC SCHOOLS AND THE BRIDGES SCHOOL. 0 0 130699 MANKATO AREA FOUNDATION SERVES AS A LEADER AND RESOURCE TO ENRICH THE QUALITY OF LIFE IN GREATER MANKATO THROUGH VARIOUS GRANTMAKING PROGRAMS. WE CONSIDER A VARIETY OF PROGRAMS: PROGRAMS THAT EDUATE AND ENLIGHTEN AREA CITIZENS; CULTURAL PROJECTS THAT ENHANCE COMMUNITY INFRASTRUCTURE; PROJECTS THAT PROVIDE USEFUL IMPROVEMENTS TO RECREATIONAL/LEISURE ACTIVITIES FOR ALL MEMBERS OF THE COMMUNITY; AESTHETIC PROJECTS OF COMMUNITY SITES; AND PROGRAMS THAT WILL ASSIST IN PRODUCING EMPOWERED,ACTIVE COMPETENT CITIZENS WITHIN OUR COMMUNITY. THIS FISCAL YEAR WE PROVIDED FUNDS TO ASSIST PROGRAMS FOR THE FOLLOWING: OPERATIONAL FUNDING OF CENTRAL FREEDOM SCHOOL, PROVIDING A SCHOOL STRUCTURE FOR AT RISK STUDENTS; FUNDING TO CREATE A DATABASE OF AREA ARTISTS; FUNDS TO PROVIDE FOR INTERNAL LEADERSHIP DEVELOPMENT OF A PROGRAM ASSISTING VETERANS; SCHOLARSHIPS THROUGH TWO LOCAL POST-SECONDARY INSTITUTIONS; AND PROVIDED FUNDS TO ASSIST WITH START UP COSTS DEVELOPING A MANKATO SCULPTURE TOUR. 130699 1 1 0 0 1 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 7 0 1 1 1 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 0 0 MN X JOAN UNTIEDT 5079473020 220 EAST MAIN STREET STE 5 MANKATO MN 56001 JESSICA BEYER 1.50 X X 0 0 0 DAVID CHRISTENSEN 1.00 X 0 0 0 DENNIS DOTSON 1.00 X 0 0 0 JOHN FALLENSTEIN 0.50 X 0 0 0 RANDY FARROW 2.00 X X 0 0 0 TONY FRENTZ 0.50 X 0 0 0 ANNE GANEY 1.00 X 0 0 0 MICHAEL JACOBS 1.50 X 0 0 0 ERIK LEAGJELD 1.50 X 0 0 0 TOM LIETHA 0.50 X 0 0 0 ELAINE LILLY 1.50 X 0 0 0 FRED LUTZ 1.50 X 0 0 0 SUE OSTENDORF 0.50 X 0 0 0 TAMI PAULSEN 0.50 X 0 0 0 DAVID SCHOOFF 0.50 X 0 0 0 JANE SCHWICKERT 0.50 X 0 0 0 BRYAN SOWERS 1.50 X X 0 0 0 SUE MICHALETZ 1.50 X X 0 0 0 DAVID SUNDERMAN 1.50 X 0 0 0 STACEY STRAKA 1.50 X 0 0 0 DAVID WITTENBERG 1.50 X 0 0 0 NANCY ZALLEK 40.00 X X 45000 0 0 45000 0 0 0 0 0 0 0 312912 312912 52443 52443 ADMINISTRATIVE FEE 561000 39496 39496 39496 404851 39496 0 52443 95959 95959 10000 10000 49480 24740 24740 183 183 430 430 15990 15990 24221 24221 3836 3836 7205 7205 4849 4849 1899 1899 2448 2448 FUND RAISING DEVELOPMEN 5685 5685 MEMBERSHIPS 1025 1025 AMORTIZATION 864 864 BOARD OF DIR EXPENSE 445 445 MISCELLANEOUS 310 310 224829 130699 88445 5685 167850 371975 54400 28100 340 10727 5970 3285 4757 2299282 2814289 1983 1983 2527140 3221104 1175 1811 192777 291307 193952 293118 X 220549 395901 474729 867464 1637910 1664621 2333188 2927986 2527140 3221104 X 180022 414776 X X 0 1 1 X 0 X 250 407939 171362 194453 352408 1126412 250 407939 171362 194453 352408 1126412 1126412 186157 156626 72009 154030 52443 621265 1747677 0.64450 0.66690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 316778 48245 637870 0 0 189733 261669 163379 288023 1 1688902 326159 56715 73990 18241 1866115 1668543 140851 22000 72675 25817 1688902 0 0 10727 5970 4757 4757 MINNEAPOLIS FOUNDATION LIMITED PTR 2720869 F COPORATE BOND 93420 F 2814289 PAYROLL LIABILITY 3283 CHARITABLE FUNDS HELD FOR OTHERS 288024 291307 404851 224829 180022 390555 24221 414776 594798 795406 390555 390555 404851 0 404851 224829 0 224829 0 224829 PART IV, LINE 2B: THE FOUNDATION ACTS AS FISCAL AGENT FOR A NUMBER OF SMALLER ORGANIZATIONS. 1 INDEPENDENT SCHOOL DISTRICT 77 PO BOX 8741 MANKATO MN 560028741 416000310 7000 FUNDING FOR CENTRAL FREEDOM SCHOOL THE MIRACLE LEAGUE OF NORTH MANKATO PO BOX 3361 MANKATO MN 560023361 260620854 501(C)(3) 5000 SUPPORT SOFTBALL LEAGUES CITY OF NORTH MANKATO 1001 BELGRADE AVENUE NORTH MANKATO MN 56003 15000 STORYBOOK PARK MINNESOTA STATE UNIVERSITY 228 WICKING CENTER MANKATO MN 56001 411687554 32000 $20,000 WAS FOR ADJUNCT FACULTY$6,000 WAS FOR SCHOLARSHIPS$6,000 WAS FOR THE REGIONAL SCIENCE FAIR OPEN DOOR HEALTH CLINIC 309 HOLLY LANE MANKATO MN 56001 411461726 501(C)(3) 6500 DENTAL EQUIPMENT FOR THE CLINIC SCHOLARSHIPS 2 10000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS - ALL SUCCESSFUL GRANTEES ARE REQUIRED TO SUBMIT A RECAP OF HOW THE FUNDS WERE USED UPON COMPLETION OF THEIR PROJECT. PROJECTS MUST HAVE A TIMELINE OF ONE YEAR OR LESS. SCHOLARSHIP APPLICANTS FOLLOW CRITERIA SET UP BY THE INDIVIDUAL ENDOWMENT. IN ADDITION THE FOUNDATION HAS A WRITTEN SCHOLARSHIP POLICY THAT IS FOLLOWED. STACEY STRAKA STACEY OWNS A MARKETING COMPANY 1080 STACEY'S COMPANY COMPLETED WORK FOR THE FOUNDATION 0 MICHAEL JACOBS IS AN ATTORNEY IN A LOCAL LAW FIRM 430 THE LAW FIRM PROVIDED LEGAL WORK FOR THE FOUNDATION 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 990 RETURN IS EMAILED TO BOARD MEMBERS PRIOR TO FILING AND RECEIVES APPROVAL. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE IS THE FINAL AUTHORITY. INFORMATION IS PROVIDED UTILIZING COMPENSATION STUDY DONE BY THE MINNESOTA COUNCIL ON NONPROFITS. THE COMMITTEE SUBSTANTIATES ALL INFORMATION IN THEIR MINUTES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE PROVIDED UPON REQUEST EITHER IN PERSON OR REQUESTED ELECTRONICALLY. CURRENTLY OUR WEBSITE PROVIDES A COPY OF THE 990 RETURN AS WELL AS OTHER INFORMATION REGARDING THE ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 390,555. INVESTMENT EXPENSES: 24,221. TOTAL TO FORM 990, PART XI, LINE 5: 414,776. AUDIT OVERSIGHT 990 PART XII LINE 2C THERE HAS BEEN NO CHANGE TO PROCESS FROM PRIOR YEAR. AUDIT OVERSIGHT IS HANDLED BY THE FINANCE COMMITTEE. ULTIMATELY THE AUDIT IS PRESENTED TO THE FULL BOARD FOR APPROVAL.