2026-04-29T07:57:32-05:00 2025-06-30 420714325 RSM US LLP 227 WEST FIRST STREET SUITE 700 DULUTH MN 55802 990 2024-07-01 363454285 SOUTHERN MINNESOTA INITIATIVE FOUNDATION SOUT 5074553215 525 FLORENCE AVE OWATONNA MN 55060 BRIAN CONZEMIUS VICE PRESIDENT/CFO 5074553215 2026-04-28 1 1 JULIE BOYER P01278549 2187275025 2026-04-27 2024 2025-03-06 01:10:19Z BENYA KRAUS 525 FLORENCE AVE OWATONNA MN 55060 34261050 0 X WWW.SMIFOUNDATION.ORG X 1986 MN INVESTS FOR ECONOMIC GROWTH IN THE 20 COUNTIES OF SOUTH CENTRAL AND SOUTHEASTERN MINNESOTA. 16 16 22 15 -9953 0 6130483 6473500 199701 222811 2030453 4312979 67 -9953 8360704 10999337 3163893 4432085 0 0 1793547 1971735 0 0 295108 1948741 1814290 6906181 8218110 1454523 2781227 75903981 80878325 9058949 9024009 66845032 71854316 X SOUTHERN MINNESOTA INITIATIVE FOUNDATION IS A REGIONAL DEVELOPMENT AND PHILANTHROPIC ORGANIZATION THAT FOSTERS ECONOMIC AND COMMUNITY VITALITY IN 20 COUNTIES OF SOUTHERN MINNESOTA THROUGH A CULTURE OF COLLABORATION AND PARTNERSHIP, WITH A FOCUS ON ENTREPRENEURS AND EARLY CHILDHOOD DEVELOPMENT. 0 0 3872279 2052518 222811 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. 3123258 2379567 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. 6995537 1 1 0 1 0 1 0 0 1 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 1 117 0 1 22 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 MN X BRIAN CONZEMIUS 5074553215 525 FLORENCE AVE OWATONNA MN 55060 JAKE ANDERSON TREASURER 2.00 X X 0 0 0 CHRIS SCHAD SECRETARY 2.00 X X 0 0 0 SHAWN VOGT SWEEN CHAIR 2.00 X X 0 0 0 ERIN BAILEY VICE CHAIR 2.00 X X 0 0 0 DR ROBERT ALBRIGHT MEMBER AT LARGE 2.00 X 0 0 0 BETH BENIKE MEMBER AT LARGE 2.00 X 0 0 0 BOB MANN MEMBER AT LARGE 2.00 X 0 0 0 IAN BENTS MEMBER AT LARGE 2.00 X 0 0 0 MATT COY MEMBER AT LARGE 2.00 X 0 0 0 BRAD HOINESS MEMBER AT LARGE 2.00 X 0 0 0 IBRAHIM HUSSEIN MEMBER AT LARGE 2.00 X 0 0 0 HEATHER MILLARD MEMBER AT LARGE 2.00 X 0 0 0 ANGEL URIBE MEMBER AT LARGE 2.00 X 0 0 0 ALISSA BREKKE DIRECTOR 2.00 X 0 0 0 MATT GOLDADE DIRECTOR 2.00 X 0 0 0 JAMILA IBRAHIM DIRECTOR 2.00 X 0 0 0 TIMOTHY PENNY PRESIDENT/CEO 40.00 X 164514 0 37411 BRIAN CONZEMIUS VICE PRESIDENT/CFO 40.00 X 139310 0 18749 PAMELA BISHOP VP OF ECONOMIC DEVELOPMENT 40.00 X 110988 0 36617 RAE JEAN HANSEN VP OF EARLY CHILDHOOD 40.00 X 123228 0 7630 ALISSA OELTJENBRUNS VP OF PHILANTHROPHY 40.00 X 104700 0 5235 642740 0 105642 5 0 1 0 0 2033094 4440406 470922 6473500 LOAN INTEREST 525990 203536 203536 PROJECT FEES & REVENUE 525990 19275 19275 222811 1893975 1893975 25680717 23261713 2419004 2419004 2419004 NORTHFIELD REAL ESTATE FUND II LL 900099 426 426 OWATONNA REAL ESTATE FUND LP K-1 900099 -333 -333 WINONA REAL ESTATE FUND LP 900099 -955 -955 -9091 -9091 -9953 10999337 222811 -9953 4312979 3069727 3069727 1362358 1362358 361198 261727 64667 34804 1292589 936619 231419 124551 60017 43078 9717 7222 137794 114331 6083 17380 120137 86634 21485 12018 20365 7533 5512 7320 75568 75568 304900 304900 436526 301265 131517 3744 164060 136495 3813 23752 125499 100914 10681 13904 15626 10937 940 3749 7030 5019 1185 826 53478 31414 16408 5656 143605 137901 2966 2738 11491 9714 1047 730 31313 22354 5278 3681 39759 28394 6696 4669 OPERATING EXPENSES 253139 239718 8478 4943 JANITORIAL & MAINTENANC 73604 50644 10468 12492 DUES AND SUBSCRIPTIONS 58327 38761 8637 10929 8218110 6995537 927465 295108 3174951 2401923 308745 159447 3825868 3506375 54803 29189 1146824 714778 463359 432046 68000843 74331104 75412 18241 75903981 80878325 135121 145935 8202 12434 1126549 997939 4603822 4748809 1701883 1484534 1483372 1634358 9058949 9024009 X 27263422 30250576 39581610 41603740 66845032 71854316 75903981 80878325 X 2781227 2218104 9953 X X 0 1 X 1 1 1 X 15422166 18206800 4779553 6130483 6473500 51012502 15422166 18206800 4779553 6130483 6473500 51012502 3954951 47057551 1265809 2242092 1574737 1580981 1893975 8557594 13882 67 13949 59584045 999452 0.78980 0.78900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 1333 0 0 1333 0 PART II-B, LINE 1: SUPPORT FOR EARLY CHILDHOOD AND ECONOMIC DEVELOPMENT PROGRAMS 17 797156 514572 3909481 1 1 0 1 X 50685430 841584 5256785 1986057 54797742 46499363 740072 5504216 2058221 50685430 42775397 1339007 4243536 1858577 46499363 49348545 1606157 -6524466 1654839 42775397 39807166 841819 10273770 1574210 49348545 0.36619 0.45489 0.17892 0 0 68687 68687 821340 469021 352319 256797 245757 11040 432046 INVESTMENT IN PRIVATE COMPANIES 1030290 F ENDOWMENT FUNDS 53683613 F OTHER INVESTMENTS 19617201 F 74331104 REFUNDABLE ADVANCES 1634358 1634358 X 12922494 2218104 9953 2228057 10694437 304900 304900 10999337 7913210 0 7913210 304900 304900 8218110 PART IV, LINE 2B: INTENDING TO PRESERVE AND ENHANCE SUCH INVESTMENT FUNDS, THE HIRSCH FAMILY FOUNDATION DESIRES FOR SOUTHERN MINNESOTA INITIATIVE FOUNDATION (THE FOUNDATION) TO HOLD SUCH FUNDS, INVEST THEM IN A SOCIALLY RESPONSIBLE MANNER NOT INCONSISTENT WITH THE FOUNDATION'S CHARITABLE PURPOSES, AND DISTRIBUTE SUCH FUNDS, ALONG WITH THE EARNINGS THEREFROM, TO THE HIRSCH FAMILY FOUNDATION UPON REQUEST. PART V, LINE 4: SOUTHERN MINNESOTA INITIATIVE FOUNDATION HAS DEVELOPED A SPENDING POLICY WHICH USES UP TO 4.5% OF ITS ENDOWMENT BALANCE ANNUALLY TO SUPPORT ITS PROGRAMS AND ACTIVITIES. PART X, LINE 2: SOUTHERN MINNESOTA INITIATIVE FOUNDATION (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, 2025 AND 2024, THERE IS NO MATERIAL AMOUNT OF UNRELATED BUSINESS INCOME. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAXES UNDER APPLICABLE MINNESOTA STATUTES. THE FOUNDATION HAS REVIEWED ITS TAX POSITIONS FOR ALL OPEN YEARS AND HAS CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISION OF THE GUIDANCE ON UNCERTAIN TAX POSITIONS. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS PRIOR TO THE FISCAL YEAR ENDED JUNE 30, 2022. THE FOUNDATION HAS NO FEDERAL OR STATE EXAMINATIONS IN PROCESS. THE FOUNDATION WOULD RECOGNIZE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE, IN INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNRELATED BUSINESS LOSS 9,953. 1 A GREAT DAY FARM FOUNDATION 5575 115TH ST E NORTHFIELD MN 55057 464272037 501C3 10000 0 DUNDAS ADAPTIVE CYCLING: EXPANDING CYCLING OPPORTUNITIES FOR ADULTS WITH DISABILITIES ACHLA - ALLIANCE OF CHICANOS HISPANICS AND LATIN AMERICANS 315 ELTON HILLS DR NW SUITE 202 ROCHESTER MN 55901 432058621 501C3 20000 5908 FMV BOOKS ACHLA PROSPERITY INITIATIVE: BUILDING FINANCIAL FUTURES; CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS ADAMS TOWN AND COUNTRY RECREATION POOL CORPORATION ATTN SHERI HEIMER ADAMS MN 55909 410908055 501C3 10000 0 DAY OF CARING ALBERT LEA AREA SCHOOLS COMMUNITY EDUCATION 211 RICHWAY DR W ALBERT LEA MN 56007 416001171 GOVERNMENT 9920 7754 FMV BOOKS TRAINING AND SUPPORT OF TIGER CUB CHILD CARE CENTER STAFF AND FAMILIES; CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS ALDEN-CONGER PUBLIC SCHOOL EARLY CHILDHOOD EDUCATION 215 BROADWAY N ALDEN MN 56009 416045362 GOVERNMENT 0 6129 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS ALLINA HEALTH ALLINA HEALTH CLINIC NORTHFIELD MN 55057 363261413 501C3 0 8862 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS AUSTIN ASPIRES 318 N MAIN STREET AUSTIN MN 55912 465424422 501C3 20000 0 CHILDCARE SUPPORT INITIATIVE AUSTIN PUBLIC SCHOOLS COMMUNITY LEARNING CENTER 401 3RD AVE NW AUSTIN MN 55912 416002526 GOVERNMENT 15000 0 EARLY CHILDHOOD - IMPLEMENTING BEST PRACTICES IN MENTAL AND PHYSICAL HEALTH BLUE EARTH AREA SCHOOLS 315 6TH ST E BLUE EARTH MN 56013 411866487 GOVERNMENT 0 8123 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS BLUE EARTH ECONOMIC DEVELOPMENT AUTHORITY 201 7TH ST E BLUE EARTH MN 560130038 416004991 GOVERNMENT 20000 0 RURAL ECONOMIC DEVELOPMENT PROJECTS BROWN COUNTY PUBLIC HEALTH 1117 CENTER ST NEW ULM MN 56073 416005765 GOVERNMENT 0 5169 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS BYRON PUBLIC SCHOOLS 630 1ST ST NW BYRON MN 55920 416002825 GOVERNMENT 0 14400 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS CANNON FALLS AREA CHAMBER OF COMMERCE 127 4TH ST N CANNON FALLS MN 55009 411360824 501C6 7835 0 CANNON FALLS VISUAL STORY TELLING CARDINAL CLUB OF WEST CONCORD MN INC PO BOX 333 WEST CONCORD MN 55985 453586650 501C3 0 5908 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS CHILDRENS MUSEUM OF ROCHESTER INC 1201 12TH STREET SOUTHWEST ROCHESTER MN 55902 842749957 501C3 0 14769 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS CHILDREN'S MUSEUM OF SOUTHERN MINNESOTA 224 LAMM ST MANKATO MN 56001 204351801 501C3 11749 0 HEALTHY ME: INSIDE AND OUT! CITY OF ADAMS 303 MAIN ST W ADAMS MN 559090357 416004913 GOVERNMENT 20000 0 ADAMS CHILDCARE INITIATIVE ACTIVATION CITY OF CALEDONIA 231 MAIN E CALEDONIA MN 559210232 416005025 GOVERNMENT 20000 0 RURAL ECONOMIC DEVELOPMENT PROJECTS CITY OF ELMORE 201 E WILLIS ST ELMORE MN 560270056 416005132 GOVERNMENT 15000 0 ELMORE ACTIVITY PARK CITY OF EYOTA 38 SOUTH FRONT ST SW EYOTA MN 559340328 416005144 GOVERNMENT 6925 0 WEEKLY COMMUNITY WELCOME EVENT AND INFORMATION SHARING CITY OF GIBBON 985 1ST AVE GIBBON MN 553350106 416005181 GOVERNMENT 25000 0 CLEAR LAKE PARK RESTROOM BUILDING CITY OF GOODVIEW 4140 5TH ST W GOODVIEW MN 559871511 416005195 GOVERNMENT 25000 0 DREDGING OF LAKE GOODVIEW AT MICHAEL LACANNE MEMORIAL PARK CITY OF KASSON 401 5TH ST SE KASSON MN 559442204 416005269 GOVERNMENT 20000 0 RURAL ECONOMIC DEVELOPMENT PROJECTS CITY OF LAKE CRYSTAL 100 ROBINSON ST E LAKE CRYSTAL MN 560550086 416005294 GOVERNMENT 15000 0 LOCAL HISTORY MUSEUM CITY OF LANESBORO 202 PARKWAY AVE S LANESBORO MN 559490333 416005308 GOVERNMENT 20000 0 RURAL ECONOMIC DEVELOPMENT PROJECTS CITY OF MANTORVILLE 21 5TH ST E MANTORVILLE MN 55955 410850501 GOVERNMENT 10000 0 MAIN STREET BEAUTIFICATION CITY OF MAPLETON 104 2ND AVE NE MAPLETON MN 560650366 416005347 GOVERNMENT 40000 0 EAGLES NEST UPDATE; RURAL ECONOMIC DEVELOPMENT PROJECTS CITY OF MONTGOMERY 201 ASH AVE SW MONTGOMERY MN 560691225 416005383 GOVERNMENT 20000 0 RURAL ECONOMIC DEVELOPMENT PROJECTS CITY OF ORONOCO 115 2ND ST NW ORONOCO MN 559600195 410944643 GOVERNMENT 10000 0 ORONOCO COMMUNITY BRANDING STUDY CITY OF PLAINVIEW 241 BROADWAY W PLAINVIEW MN 55964 411650465 GOVERNMENT 20000 0 RURAL ECONOMIC DEVELOPMENT PROJECTS CITY OF PRESTON 210 FILLMORE ST W PRESTON MN 559650657 416005468 GOVERNMENT 25000 0 FOLLOW THE TROUT ROUTE! CITY OF RUSHFORD VILLAGE 43038 STATE HWY 30 RUSHFORD VILLAGE MN 559715167 411265670 GOVERNMENT 12000 0 ADA COMPLIANT MERRY GO ROUND CITY OF SAINT CHARLES 830 WHITEWATER AVE SAINT CHARLES MN 559721129 416005513 GOVERNMENT 10000 0 NEW CITY COMPREHENSIVE PLAN CITY OF SHERBURN 21 1ST ST E SHERBURN MN 561710667 416005541 GOVERNMENT 25000 0 SHERBURN PARK REVITALIZATION INITIATIVE CITY OF SPRING GROVE 118 1ST AVE NW SPRING GROVE MN 559740218 416005553 GOVERNMENT 20000 0 RURAL ECONOMIC DEVELOPMENT PROJECTS CITY OF SPRINGFIELD 2 CENTRAL ST E SPRINGFIELD MN 560871608 416005552 GOVERNMENT 27125 0 SPRINGFIELD STRATEGIC ECONOMIC AND HOUSING DEVELOPMENT PLAN; CHILDCARE START-UP PROGRAM CITY OF WINTHROP 305 MAIN ST N WINTHROP MN 55396 416005653 GOVERNMENT 20000 0 RURAL ECONOMIC DEVELOPMENT PROJECTS COLLIDER FOUNDATION 221 1ST AVE SW STE 610 ROCHESTER MN 55902 831815046 501C3 20000 0 COLLIDER COMMUNITY INCUBATOR DODGE COUNTY ENVIRONMENTAL SERVICES 721 N MAIN ST MANTORVILLE MN 55955 416005790 501C3 10000 0 INTERPRETIVE SIGNAGE FOR RESTORATION PARK ENGAGE OWATONNA PO BOX 1015 OWATONNA MN 550601015 363319497 501C3 10000 0 ENGAGE OWATONNA - ENGAGING THE COMMUNITY TO SHARE ALL VOICES AND PROMOTE INCLUSION EXCHANGE CLUB CENTER FOR FAMILY UNITY 1820 HARTLE AVE OWATONNA MN 55060 363305404 501C3 20000 0 EARLY CHILDHOOD PARENT MENTOR IN-HOME PROGRAM TO PROVIDE EDUCATION AND SOCIAL-EMOTIONAL SUPPORT FOR CHILDREN AGES 0-5 FAIRMONT ELEMENTARY SCHOOL 714 VICTORIA STREET SUITE 101 FAIRMONT MN 56031 412608101 GOVERNMENT 0 15508 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS FAMILIES FIRST OF MINNESOTA 126 WOODLAKE DR SE ROCHESTER MN 55904 410987753 501C3 0 60554 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS FARIBAULT PUBLIC SCHOOLS DISTRICT OFFICE FARIBAULT MN 55021 416003618 GOVERNMENT 20000 6646 FMV BOOKS ECFE ON THE GO - BUILDING ON SUCCESS; CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS FILLMORE CENTRAL PUBLIC SCHOOLS COMMUNITY EDUCATION 702 CHATFIELD ST PRESTON MN 559650050 411809022 GOVERNMENT 0 5465 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS FILLMORE COUNTY PUBLIC HEALTH 902 HOUSTON STREET NW SUITE 2 PRESTON MN 55965 416005794 GOVERNMENT 0 6646 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS FORWARD NEW PRAGUE FOUNDATION 305 COLUMBUS AVE S NEW PRAGUE MN 56071 921785025 501C3 9685 0 LANDSCAPING FOR THE PRAHA OUTDOOR PERFORMANCE STAGE (POPS) GIBBON FAIRFAX WINTHROP SCHOOLS 323 11TH ST E GIBBON MN 55335 411721703 GOVERNMENT 10000 0 RESOURCE BUS GOOD ACRE 1790 LARPENTEUR AVE W SAINT PAUL MN 55113 471663334 501C3 25000 0 GROWING PRODUCE FARMER OPPORTUNITIES GOODHUE PUBLIC SCHOOLS 510 3RD AVE GOODHUE MN 55027 416008252 GOVERNMENT 0 6646 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS HENDERSON FEATHERS DBA NATIONAL RUBY-THROATED HUMMINGBIRD CENTER 205 6TH STREET SOUTH HENDERSON MN 56044 271149431 501C3 10000 0 NATIONAL RUBY-THROATED HUMMINGBIRD CENTER EXHIBITS HISPANIC ADVOCACY AND COMMUNITY EMPOWERMENT THROUGH RESEARCH 155 WABASHA AVE S STE 105 SAINT PAUL MN 55107 411900934 501C3 20000 0 EMPOWERING LATINA ENTREPRENEURS: A PATHWAY TO BUSINESS FORMALIZATION AND ECONOMIC GROWTH INITIATIVE FOUNDATION 405 1ST ST SE LITTLE FALLS MN 56345 363451562 501C3 37500 0 RURAL VOICE PROJECT JEREMIAH PROGRAM 2915 JEREMIAH LN NW ROCHESTER MN 55901 411801834 501C3 10000 0 EARLY CHILDHOOD BRIDGE SUPPORT FOR SINGLE MOTHERS EXPERIENCING POVERTY KASSON-MANTORVILLE PUBLIC SCHOOLS COMMUNITY EDUCATION 606 16TH ST NE KASSON MN 55944 416008530 GOVERNMENT 13000 0 MENTORSHIP PROGRAM FOR EARLY EDUCATORS KINGSLAND PUBLIC SCHOOLS COMMUNITY EDUCATION 705 SECTION AVE N SPRING VALLEY MN 55975 411740007 GOVERNMENT 0 5908 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS LEO AUGUSTA CHILDREN'S ACADEMY 824 CENTER AVE N BLOOMING PRAIRIE MN 55917 862879682 501C3 42000 0 KEEPING OUR CHILDREN AND STAFF EDUCATED; KEEPING OUR CHILDREN WARM; SUPPORT OF BLOOMING PRAIRIE MAINSTREET MADELIA COMMUNITY THEATRE INC 80299 ELM CREEK RD MADELIA MN 56062 411331768 501C3 10000 0 MADELIA ARTS COLLABORATIVE MAINSPRING 404 MAIN ST E CALEDONIA MN 55921 834029189 501C3 10000 0 CALEDONIAS CREATIVE COMMUNITY DESIGN MANKATO KIWANIS FOUNDATION 100 WARREN ST SUITE 400 MANKATO MN 56001 411908825 501C3 0 59077 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS MINNESOTA FARMERS' MARKET ASSOCIATION 9800 155TH STREET E NERSTRAND MN 55053 900425842 501C3 100000 0 "GROW YOUR GREEN PROGRAM MINNESOTA VALLEY ACTION COUNCIL 706 N VICTORY DR MANKATO MN 56001 416050353 501C3 0 8123 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS MINORITY OWNED BUSINESS FOUNDATION 1022 FOX KNOLL DR SW ROCHESTER MN 55902 992001698 501C3 20000 0 MINORITY BUSINESS ACADEMY MN AGRICULTURAL INTERPRETIVE CENTER 7367 360TH AVE WASECA MN 560930111 411326437 501C3 10000 0 CULTIVATING COMMUNITY: FARM TO FORK EXPERIENCES MONTGOMERY ARTS AND HERITAGE CENTER 206 FIRST ST N MONTGOMERY MN 56069 270441502 501C3 10000 0 MONTGOMERY MUSEUM IN THE STREETS NEW PRAGUE AREA COMMUNITY EDUCATION CENTRAL EDUCATION CAMPUS NEW PRAGUE MN 56071 416003815 GOVERNMENT 0 9157 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS NEW PRAGUE AREA EARLY CHILDHOOD INITIATIVE 410 CENTRAL AVE N STE 300 NEW PRAGUE MN 56071 416003815 GOVERNMENT 12000 0 PLAYFUL SPACES, POWERFUL LEARNING: ENHANCING PRESCHOOL ENVIRONMENTS TO FOSTER GROWTH THROUGH PLAY NEW ULM ECFE 910 14TH ST N NEW ULM MN 56073 416000373 GOVERNMENT 20000 5908 FMV BOOKS READY FOR PLAY, READY FOR SCHOOL SUCCESS; CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS NEXT CHAPTER INC 2203 6TH AVE NW AUSTIN MN 55912 871065176 501C3 0 15508 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS NORTHFIELD HEALTHY COMMUNITY INITIATIVE 1651 W JEFFERSON PKWY STE 128 NORTHFIELD MN 550572760 262852506 501C3 0 8862 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS NORTHFIELD PUBLIC SCHOOLS COMMUNITY EDUCATION 700 LINCOLN PKWY NORTHFIELD MN 55057 416008327 GOVERNMENT 15000 12554 FMV BOOKS NORTHFIELD EXTENDED DAY; CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS OWATONNA INCUBATOR INC 1065 24TH AVE SW OWATONNA MN 55060 411644556 501C3 20000 0 CO.STARTERS FOR OWATONNA AREA OWATONNA SCHOOLS ISD 761 515 BRIDGE ST W OWATONNA MN 55060 416005901 GOVERNMENT 0 8492 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS PINE ISLAND PUBLIC SCHOOLS 223 1ST AVE SE PINE ISLAND MN 559630398 416001301 GOVERNMENT 15600 0 SMART FOR EARLY LEARNING CENTER READ SEED INC 403 22ND ST NW AUSTIN MN 55912 923843584 501C3 0 8123 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS RED WING IGNITE 419 BUSH ST RED WING MN 55066 461469707 501C3 16600 0 SOUTHEAST MN ACCELERATORS: 30 WEEKS / 15 ENTREPRENEURS / $10K WRAP AROUND SUPPORTS / 5 BUSINESSES; REGIONAL PLANNING RED WING PUBLIC SCHOOLS 2451 EAGLE RIDGE DR RED WING MN 550667444 416001250 GOVERNMENT 0 7385 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS REGION NINE DEVELOPMENT COMMISSION 3 CIVIC CENTER PLZ STE 310 MANKATO MN 560023367 410995425 501C3 60000 0 GROWING THE GROWER'S NETWORK; SUPPORT UNDERSERVED FARMERS IN SOUTH CENTRAL MINNESOTA RENEWING THE COUNTRYSIDE II 316 CENTER ST E HAMMOND MN 55991 200189339 501C3 100000 0 EXPANDING IMPACTS IN SOUTHERN MINNESOTA'S FOOD SYSTEMS RIVERWALK MARKET FAIR INCORPORATED PO BOX 725 NORTHFIELD MN 550570725 474013873 501C3 9531 0 RIVERWALK FARMERS MARKET ACCESS AND EDUCATION SCHOLARSHIP ROCHESTER AREA ECONOMIC DEVELOPMENT INC 221 1ST AVE SE STE 600 ROCHESTER MN 55902 363414363 501C3 10000 0 2025 SBDC WORKSHOP SERIES ROCHESTER CATHOLIC SCHOOLS 1710 INDURSTRIAL DR NW ROCHESTER MN 55901 410740119 GOVERNMENT 6500 0 ROCHESTER CATHOLIC SCHOOLS SOCIAL EMOTIONAL LEARNING DEVELOPMENT & TRAINING ROCHESTER PUBLIC SCHOOLS HAWTHORNE EDUCATION CENTER ROCHESTER MN 55904 416002803 GOVERNMENT 0 6203 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS RUSHFORD AREA HISTORICAL SOCIETY 401 ELM ST S RUSHFORD MN 55971 411512233 501C3 7500 0 QUALITY STORAGE AND DISPLAYS OF HISTORIC ARTIFACTS SHARING OUR ROOTS 4905 315TH ST W NORTHFIELD MN 55057 201788275 501C3 50000 0 CULTIVATING FOOD-BASED TRADITIONS AS EQUITABLE PATHWAYS TO FARMING SLEEPY EYE EARLY CHILDHOOD FAMILY EDUCATION 400 4TH AVE SW SLEEPY EYE MN 56085 416000392 GOVERNMENT 15561 0 ECFE ON WHEELS SOUTHERN MN EDUCATION CONSORTIUM SOUTHERN MINNESOTA EDUCATION CONSORTIUM AUSTIN MN 55912 270630742 501C3 0 5908 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS SPRINGFIELD CARES 2 E CENTRAL SPRINGFIELD MN 56087 333401163 501C3 10000 0 501C3 CREATION ST CHARLES REC CLUB PO BOX 563 ST CHARLES MN 55972 863380961 501C3 7070 0 BRIGHTENING MAIN STREET: DOWNTOWN BANNERS FOR A NEW ERA ST JOHN'S GRANDKIDS VIK CLUB 201 COUNTY RD 5 S SPRINGFIELD MN 56087 410711592 501C3 12000 0 CENTER UPDATES ST MARY'S SCHOOL 308 EAST SOUTH STREET CALEDONIA MN 55921 411359374 501C3 8000 0 PREK BREAKFAST/LUNCH PROJECT STEELE COUNTY PUBLIC HEALTH 635 FLORENCE AVE OWATONNA MN 550604751 416005901 GOVERNMENT 0 5538 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS STEP INC 5 DOWNTOWN PLZ FAIRMONT MN 56031 410874998 501C3 10000 0 ESSENTIALS BASKET PROJECT FOR COMMUNITY MEMBERS TO INCREASE AWARENESS AND DECREASE STIGMA STEWARTVILLE COMMUNITY EDUCATION 301 2ND STREET SW STEWARTVILLE MN 55976 416008415 GOVERNMENT 10000 0 STEWARTVILLE EARLY CHILDHOOD BEHAVIOR TRAINING THREE RIVERS COMMUNITY ACTION INCORPORATED 1414 NORTH STAR DR ZUMBROTA MN 55992 410906178 501C3 20000 11815 FMV BOOKS LOCALLY DESIGNED FAMILY CHILD CARE MODEL; CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS TRI-CITY UNITED EARLY LEARNING 101 2ND ST NE MONTGOMERY MN 56069 453740004 GOVERNMENT 0 6277 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS UNITED WAY OF STEELE COUNTY 245 18TH ST SE STE 1 OWATONNA MN 55060 237366680 501C3 0 18092 FMV BOOKS CHILDRENS BOOKS DISTRIBUTED THROUGH EARLY CHILDHOOD PROGRAM LITERACY GRANTS VILLAGE AGRICULTURAL COOPERATIVE 3703 COUNTRY CLUB RD SW ROCHESTER MN 55902 873766784 501C3 80000 0 GAINING CRITICAL CAPACITY FOR FARMING ENTREPRENEURS; FOOD AGGREGATION SUPPORT VILLAGE OF LE ROY 122 W MAIN ST LE ROY MN 55951 416005312 501C3 10000 0 LE ROY MAIN STREET POCKET PARK WASECA AREA NEIGHBORHOOD SERVICE CENTER 203 3RD AVE NW WASECA MN 56093 411452216 501C3 10000 0 FOOD SHELF WASECA PUBLIC SCHOOLS COMMUNITY EDUCATION AND RECREATION 501 ELM AVE E WASECA MN 56093 416008759 GOVERNMENT 20000 0 EXPANDING CHILD CARE OFFERING FROM 33 MONTH+ TO INFANT AND TODDLER. YOUNG WOMENS CHRISTIAN ASSOCIATION OF MANKATO 222 PFAU ST STE 200 MANKATO MN 56001 410711619 501C3 6000 0 NEW AMERICAN FAMILIES 101 1 HARDSHIP GRANTS FOR DISASTERS 53 1362358 PART I, LINE 2: SOUTHERN MINNESOTA INITIATIVE FOUNDATION (THE FOUNDATION) PROVIDES GRANTS ON AN OPEN APPLICATION BASIS. THE REQUIREMENTS TO APPLY FOR GRANTS ARE POSTED ON THE FOUNDATION'S 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 X X X 0 0 0 0 0 0 0 0 0 TIMOTHY PENNY PRESIDENT/CEO 164514 0 0 0 0 0 8226 0 29185 0 201925 0 0 0 BRIAN CONZEMIUS VICE PRESIDENT/CFO 139310 0 0 0 0 0 6966 0 11783 0 158059 0 0 0 X 456000 FMV X 1 14922 FMV 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI MEETING MINUTES ARE TAKEN AND APPROVED AT EVERY MEETING. FORM 990, PART VI, SECTION B, LINE 11B 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 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE PURPOSE OF THE CONFLICT-OF-INTEREST POLICY IS TO PROTECT SMIF'S INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF ONE OF OUR OFFICERS, DIRECTORS OR TRUSTEES, KEY EMPLOYEES OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO SUPPLEMENT, BUT NOT REPLACE, ANY APPLICABLE STATE AND FEDERAL GOVERNING CONFLICTS OF INTEREST. ALL CONFLICTS OF INTEREST SHOULD BE NOTED AND REPORTED ON THE CONFLICT OF INTEREST STATEMENT, WHICH IS REVIEWED BY THE EXECUTIVE & GOVERNANCE COMMITTEE FOR ACTIONS IF NEEDED. WHEN A TRUSTEE IS CONFLICTED ON A GIVEN TRANSACTION OR ISSUE THEY ARE EXPECTED TO INFORM THE PRESIDENT AND/OR CHAIR PRIOR TO THE MEETING. THE PRESIDENT AND/OR CHAIR WILL NOTE THAT ISSUE AND MAY DETERMINE THAT IT IS BEST THAT HE OR SHE LEAVE THE ROOM FOR THE DISCUSSION OR VOTE ON THAT ISSUE. IF THE BOARD HAS REASON TO BELIEVE AN INDIVIDUAL HAS FAILED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, THE PRESIDENT AND/OR CHAIR WILL INFORM THE MEMBER AND ALLOW HIM/HER TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF THE BOARD STILL HAS REASON TO BELIEVE A CONFLICT OF INTEREST EXISTS AFTER THE ALLEGED CONFLICT IS EXPLAINED, IT WILL TAKE CORRECTIVE ACTION, INCLUDING BUT NOT LIMITED TO DISMISSAL FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A 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 AN AS NEEDED BASIS TO DETERMINE RELEVANT BENCHMARKING DATA. THE ORGANIZATION MAINTAINS CONTEMPORANEOUS DOCUMENTATION RELATED TO THE COMPENSATION SETTING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 SOUTHERN MINNESOTA INITIATIVE FOUNDATION'S AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: UNRELATED BUSINESS LOSS 9,953. FORM 990, PAGE 12, PART XII, LINE 2C: THE FINANCE COMMITTEE APPROVES AND MANAGES THE AUDITOR SELECTION AND PROCESS YEARLY. THE FINANCE 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.