Civic Intelligence

Initiative Foundation

990 • Fiscal year 2018 • EIN 36-3451562

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 03, 2019

Organization ProfileWWW.IFOUND.ORG

View Organization Page

405 First Street SELittle Falls, MN 56345

(320) 632-9255

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.10x

Higher debt load relative to assets than 29% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.79x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

86th percentile

36%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

22nd percentile

$204,286

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

22nd percentile

-3.3%

Faster asset growth than 22% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

57th percentile

7.3%

Faster revenue growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$71,595,102

Down $2,405,711 (-3.3%) from 2017

Net Assets

Down

$64,233,202

Down $2,327,166 (-3.5%) from 2017

Liabilities

Down

$7,361,900

Down $78,545 (-1.1%) from 2017

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin86th percentile

Revenue

Up

$9,272,619

Up $632,267 (+7.3%) from 2017

Expenses

Down

$5,924,226

Down $1,399,485 (-19%) from 2017

Net Income

Up

$3,348,393

Up $2,031,752 (+154%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $48,644,771Liabilities 2010: $6,111,820Net Assets 2010: $42,532,9512010Assets 2011: $47,762,113Liabilities 2011: $4,614,955Net Assets 2011: $43,147,1582011Assets 2012: $54,942,906Liabilities 2012: $4,631,761Net Assets 2012: $50,311,1452012Assets 2013: $60,796,062Liabilities 2013: $4,307,716Net Assets 2013: $56,488,3462013Assets 2014: $62,919,314Liabilities 2014: $5,011,853Net Assets 2014: $57,907,4612014Assets 2015: $61,032,929Liabilities 2015: $4,815,425Net Assets 2015: $56,217,5042015Assets 2016: $63,067,239Liabilities 2016: $3,987,907Net Assets 2016: $59,079,3322016Assets 2017: $74,000,813Liabilities 2017: $7,440,445Net Assets 2017: $66,560,3682017Assets 2018: $71,595,102Liabilities 2018: $7,361,900Net Assets 2018: $64,233,2022018Assets 2019: $81,789,533Liabilities 2019: $5,480,099Net Assets 2019: $76,309,4342019Assets 2020: $95,633,483Liabilities 2020: $7,348,544Net Assets 2020: $88,284,9392020Assets 2021: $108,344,856Liabilities 2021: $8,260,209Net Assets 2021: $100,084,6472021Assets 2022: $98,819,361Liabilities 2022: $7,408,270Net Assets 2022: $91,411,0912022Assets 2023: $109,008,159Liabilities 2023: $8,449,199Net Assets 2023: $100,558,9602023Assets 2024: $114,684,187Liabilities 2024: $8,768,053Net Assets 2024: $105,916,1342024

Highlighted filing

2018

Assets$71,595,102
Liabilities$7,361,900
Net Assets$64,233,202
Open 2018 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $4,919,6022010Expenses 2011: $4,444,2042011Expenses 2012: $4,010,1002012Revenue 2013: $6,989,789Expenses 2013: $5,743,004Net Income 2013: $1,246,7852013Revenue 2014: $7,957,974Expenses 2014: $5,001,709Net Income 2014: $2,956,2652014Revenue 2015: $7,886,304Expenses 2015: $5,862,607Net Income 2015: $2,023,6972015Revenue 2016: $6,922,150Expenses 2016: $5,948,697Net Income 2016: $973,4532016Revenue 2017: $8,640,352Expenses 2017: $7,323,711Net Income 2017: $1,316,6412017Revenue 2018: $9,272,619Expenses 2018: $5,924,226Net Income 2018: $3,348,3932018Revenue 2019: $10,291,225Expenses 2019: $5,230,555Net Income 2019: $5,060,6702019Revenue 2020: $21,753,358Expenses 2020: $15,318,248Net Income 2020: $6,435,1102020Revenue 2021: $30,841,983Expenses 2021: $9,396,701Net Income 2021: $21,445,2822021Revenue 2022: $18,836,412Expenses 2022: $16,266,746Net Income 2022: $2,569,6662022Revenue 2023: $10,031,903Expenses 2023: $9,362,176Net Income 2023: $669,7272023Revenue 2024: $15,215,240Expenses 2024: $15,713,243Net Income 2024: -$498,0032024

Highlighted filing

2018

Revenue$9,272,619
Expenses$5,924,226
Net Income$3,348,393
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 3, 2019
Return Version
2018v3.1
Gross Receipts
$31,115,788
Mission and Program Overview

Mission

To empower people to build thriving communities and a vibrant region across central minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$54,806,354$51,072,608▼ $3,733,746
Other Notes and Loans Receivable, Net$8,556,234$9,239,986▲ $683,752
Investments Other Securities$4,287,704$4,845,508▲ $557,804
Cash and Non-Interest-Bearing Accounts$2,206,169$2,255,464▲ $49,295
Land, Buildings, and Equipment, Net$1,801,542$1,725,088▼ $76,454
Pledges and Grants Receivable$1,086,081$1,607,756▲ $521,675
Savings and Temporary Cash Investments$1,109,229$725,702▼ $383,527
Prepaid Expenses and Deferred Charges$78,934$77,407▼ $1,527
Accounts Receivable$68,566$45,583▼ $22,983
Total Assets$74,000,813$71,595,102▼ $2,405,711
Liabilities
Unsecured Notes Loans Payable$2,476,648$2,097,131▼ $379,517
Deferred Revenue$1,060,614$1,566,734▲ $506,120
Mortgage Notes Payable Secured by Investment Property$1,356,755$1,237,075▼ $119,680
Escrow Account Liability$599,498$1,076,581▲ $477,083
Grants Payable$1,549,922$985,313▼ $564,609
Accounts Payable and Accrued Expenses$397,008$399,066▲ $2,058
Total Liabilities$7,440,445$7,361,900▼ $78,545
Net Assets / Fund Balance
Unrestricted Net Assets$36,475,135$33,341,962▼ $3,133,173
Permanently Rstr Net Assets$21,235,697$22,020,553▲ $784,856
Temporarily Rstr Net Assets$8,849,536$8,870,687▲ $21,151
Total Net Assets Fund Balance$66,560,368$64,233,202▼ $2,327,166
Total Liabilities and Net Assets / Fund Balance$74,000,813$71,595,102▼ $2,405,711

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$938,608$838,285$1,776,893
Land$768,200-$768,200
Equipment$18,280$442,041$460,321
Other Securities$4,845,508--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$52,827,997$1,072,154▼ $3,389,553$1,699,568$48,811,030
2017$47,521,361$840,759▲ $7,512,426$3,046,549$52,827,997
2016$45,268,612$930,575▲ $3,421,606$2,099,432$47,521,361
2015$47,230,663$1,433,411▼ $1,081,691$2,313,771$45,268,612
2014$45,523,288$1,076,855▲ $2,265,355$1,634,835$47,230,663
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt VarilekPresidentFT$170,742$33,544$204,286
Lynn BushingerCOO/CFO/treasurerFT$108,301$21,127$129,428

Board Members and Trustees

NameTitle
John E BabcockTrustee/chair
Traci TapaniTrustee/vice-chair
Brett AndersonTrustee
Charles Black LanceTrustee
David MonroyTrustee
Jessica BitzTrustee
Joe Nayquonabe JrTrustee
Julie NelsonTrustee
Kim EllingsonTrustee
Kristi WestbrockTrustee
Rick BauerlyTrustee
Robbyn WackerTrustee
Santo CruzTrustee
Steve ShurtsTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$6,049,559
Program Service Revenue
$734,255
Investment Income
$2,350,939
Other Revenue
$137,866
All Other Contributions
$4,087,816
Change in Net Assets
$3,348,393

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,205,665
Revenue Not Reported on Financial Statements
$66,954
Revenue Not Reported on Form 990
$-5,675,559
Total Revenue per Audited Statements
$3,530,106
Total Revenue per Form 990
$9,272,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,396,004
Grants and Similar Amounts Paid$2,175,100
Other Expenses$1,353,122
Total Fundraising Expense$473,962
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,803,554--$1,803,554
Other Salaries and Wages$899,419$446,579$260,366$1,606,364
Grants to Domestic Individuals$371,546--$371,546
Current Officers, Directors, Trustees, and Key Employees$80,321$199,160$62,427$341,908
Fees for Services Other$247,418$22,502$1,941$271,861
Other Employee Benefits$127,252$88,235$34,851$250,338
Information Technology$101,721$64,820$26,778$193,319
Payroll Taxes$68,549$41,213$21,466$131,228
Fees for Service Investment Mgmnt Fees-$95,838-$95,838
Occupancy$41,869$27,415$12,332$81,616
Depreciation Depletion$41,643$23,934$10,766$76,343
Office Expenses$38,295$18,190$13,886$70,371
Pension Plan Contributions$37,554$18,679$9,933$66,166
Travel$27,862$11,475$5,213$44,550
Advertising$27,103$7,225$4,161$38,489
Interest$37,750--$37,750
Fees for Services Accounting-$25,189-$25,189
Conferences and Meetings$12,868$7,794$1,092$21,754
Other Expenses$10,470$5,451$3,296$19,217
Insurance$6,307$4,129$1,858$12,294
Fees for Services Legal$5,489$4,162-$9,651
All Other Expenses-$2,025-$2,025
Total Functional Expenses$4,284,290$1,165,974$473,962$5,924,226

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,924,226
Expenses per Audited Statements$5,857,272
Total Expenses per Audited Statements$5,857,272
Expenses Not Reported on Financial Statements$66,954
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Itasca County Soil and Water Conservation DistrictGrand Rapids, MNUnit of GovernmentTo Support Ais Prevention Measures in Popular Recreation and Fishing Destinations.$210,000
Sauk Rapids-rice School DistrictSauk Rapids, MNSchool DistrictTo Support the Compass Program at the Sauk Rapids Rice School District.$111,413
Community Action Council of Crow Wing County Dba Brainerd Community ActionBrainerd, MN501(c)(3)To Support the Development and Maintenance of a Splash Pad in a City of Brainerd Park.$72,960
Northern Waters Land TrustWalker, MN501(c)(3)To Support the Mission of the Organization.$67,486
Citizens LeagueSt Paul, MN501(c)(3)To Support a Collaboration With the Minnesota Lakes and Rivers Alliance to Prevent the Spread of Aquatic Invasive Species.$53,000
Mn State Veterans Cemetery AssociationLittle Falls, MN501(c)(3)TO SUPPORT THE HISTORIC EDUCATIONAL ART PROJECT AT THE MINNESOTA STATE VETERAN'S CEMETERY.$48,300
United Way of Central MinnesotaSt Cloud, MN501(c)(3)To Support the General Operations and Programs of the Organization.$40,000
Aitkin County Soil and Water Conservation DistrictAitkin, MNUnit of GovernmentTo Work With 20 Bait Shops and Resorts to Create Incentives for Anglers to Use Local Bait Water as a Strategy to Prevent the Spread of Invasive Species.$36,000
SPORTSMEN'S CLUB OF LAKE VERMILION INC DBA VERMILION LAKE ASSOCIATIONTower, MN501(c)(3)To Significantly Increase Inspection Efficiency and Coverage by More Accurately Predicting Arrivals and Exits at Each Public Access.$31,775
FIRST CHILDREN'S FINANCEMinneapolis, MN501(c)(3)To Support Regional Staff to Serve Central Minnesota in Developing Strategies to Address the Gap in Affordable, Quality Child Care.$30,000
City of WadenaWadena, MNUnit of GovernmentTo Support the Development of the Wadena Regional Wellness Center.$29,649
Cambridge Community College Center FoundationCambridge, MN501(c)(3)To Support Healthcare Scholarships for New and Returning Students, and Students Looking for Short Term Training Such as Cna Training.$25,000
Saint Cloud State University FoundationSt Cloud, MN501(c)(3)To Support the University.$25,000
Carver County Water Management OrganizationChaska, MNUnit of GovernmentTo Evaluate the Use of Aquatic Vegetation Control as a Prevention Measure to Reduce the Spread of Zebra Mussels.$22,000
Mille Lacs CountyMilaca, MNUnit of GovernmentMille Lacs County Cavity Free Program of Early Preventative Dental Health.$18,000
Crosby-ironton Public Schools Foundation Dba Cuyuna Lakes Education FoundatDeerwood, MN501(c)(3)To Support the Mission of the Organization.$15,200
Greater St Cloud Development CorporationSt Cloud, MN501(c)(3)To Support the Mission and Operations of the Organization.$15,000
Lake Region Christian SchoolBaxter, MN501(c)(3)To Support Classroom Enhancements and Student Scholarships.$13,099
United Way of Central MinnesotaSt Cloud, MN501(c)(3)To Provide Parents/caregivers Toolkits Designed to Increase Early Literacy Skills.$12,000
Sauk Rapids-rice School DistrictSauk Rapids, MNSchool DistrictTO SUPPORT THE PURCHASE OF SHOP TOOLS USED IN BUILDING PROJECTS; DESIGNED TO INCREASE STUDENT'S AWARENESS OF CAREER OPTIONS.$11,500
A Great Day Farm FoundationNorthfield, MN501(c)(3)To Support the Second Phase of a Facility Upgrade.$10,000
Anderson CenterSt Cloud, MN501(c)(3)To Support the Mission and Operations of the Organization.$10,000
Brainerd Lakes Area Economic Development CorporationBrainerd, MN501(c)(3)To Support the River to Rail Initiative.$10,000
Community GivingSt Cloud, MN501(c)(3)To Engage New and Emerging Leaders of Color.$10,000
Hands Across the WorldSt Cloud, MN501(c)(3)To More Carefully Align Employer Needs With Skill Set, Training Support, and Professional Goals of Program Clients.$10,000
New Pathways IncCambridge, MN501(c)(3)To Support a Day Shelter for Individuals and Families Experiencing Homelessness.$10,000
Northern Technology Initiative Dba Gps 4593North Branch, MN501(c)(3)To Support Exploration of Career Exploration Programs for Secondary Students, and Development and Implementation of One Which Best Fits the Workforce Needs East Central Minnesota.$10,000
Sauk Rapids-rice School DistrictSauk Rapids, MNSchool DistrictTo Create a Financial Sustainability Plan for Ongoing Work as Thrive Supports Healthy Social and Emotional Development of Children Ages Birth to Five.$10,000
Sbdc - Clc (small Business Dev Center at Central Lakes College)Brainerd, MNUnit of GovernmentTo Help Small Businesses and Social Enterprise Ventures Gain Access to Technical Assistance, Mentorship, and Succession Planning.$10,000
United Way of Central MinnesotaSt Cloud, MN501(c)(3)To Cultivate Future Entrepreneurs.$10,000
Elk River School DistrictElk River, MNSchool DistrictTo Support the Development of a Multi-use Welcome Center in the District Building.$9,850
Sauk Rapids-rice School DistrictSauk Rapids, MNSchool DistrictTo Support the Purchase of Tools and Cnc Machine.$9,750
Brainerd School DistrictBrainerd, MNSchool DistrictTo Support the Expansion of Love and Logic Parenting Classes.$8,000
Minnesota Council on FoundationsMinneapolis, MN501(c)(3)To Support Advocacy for and Promotion of Ethical and Responsible Charitable Giving.$7,600
Bertha-hewitt School DistrictBertha, MNSchool DistrictTo Provide Support for Innovative Schools Project for Bertha-hewitt School District.$7,500
Bicycle Alliance of MinnesotaMinneapolis, MN501(c)(3)To Support Improved Bike Trails and Routes in Brainerd, North Branch and Chisago Lakes.$7,500
Brainerd Public Schools FoundationBrainerd, MN501(c)(3)To Support Innovative Classroom Grants.$7,500
Greater St Cloud Development CorporationSt Cloud, MN501(c)(3)To Enhance and Expand Economic Opportunities of the St. Cloud Region.$7,500
International Association of Lions BrowervilleBrowerville, MN501(c)(3)To Promote Innovative Classroom Ideas.$7,500
Mille Lacs Health SystemOnamia, MN501(c)(3)To Support Literacy by Providing Opportunities for Preschoolers (ages 0-5) and Their Parents/caregivers to Read Together.$7,500
Pioneer Elementary Parent Teacher Organization (pto)Pierz, MN501(c)(3)To Encourage Innovation in the Classrooms.$7,500
Verndale School DistrictVerndale, MNSchool DistrictTo Support Creative Classroom Activities.$7,500
Wadena-deer Creek School DistrictWadena, MNSchool DistrictTo Support Innovative Classroom Grants.$7,500
Big Lake School DistrictBig Lake, MNSchool DistrictTo Support Families, Childcare Providers and Other Educators With Activities to Foster Early Childhood Literacy.$7,000
Saint Cloud Technical & Community College FoundationSt Cloud, MN501(c)(3)To Support the Vex Robotics Program.$7,000
Longville Area Community FoundationLongville, MN501(c)(3)To Support the Grant Making and Operations of the Organization.$6,150
First American Financial ServicesSebeka, MN501(c)(3)To Support the Business Retention and Expansion Project.$6,000
Royalton School DistrictRoyalton, MNSchool DistrictTo Support Innovative Classroom Projects.$5,724
Little Falls School DistrictLittle Falls, MNSchool DistrictTo Provide Annual Support to the Mentorship Program in Lindbergh Elementary.$5,400
Mn State Veterans Cemetery AssociationLittle Falls, MN501(c)(3)To Support the Additional Five 8 X 10 Paintings Representing All Branches of the Military at the Commital Hall.$5,400
Boys & Girls Club of Central MnSt Cloud, MN501(c)(3)To Support Programs That Help Area Youth Gain the Necessary Skills to Seek and Maintain Employment.$5,000
Boys & Girls Club of the Leech Lake AreaCass Lake, MN501(c)(3)TO SUPPORT THE "WE ARE THE FUTURE - NATION BUILDING" PROGRAM THAT MATCHES 5TH GRADERS WITH COMMUNITY MENTORS.$5,000
Brainerd Lakes Area Chamber of Commerce Education AssociationBrainerd, MN501(c)(3)TO SUPPORT A SECOND YEAR OF THE CHAMBER'S SUCCESSFUL DESTINATION DOWNTOWN CONTEST.$5,000
Brainerd Public Schools FoundationBrainerd, MN501(c)(3)To Support Coordination of Early Childhood Coalition Activities.$5,000
Bridges of HopeBrainerd, MN501(c)(3)To Support Active Engagement by Residents of Two East Brainerd Neighborhoods in the Self-healing Communities Program.$5,000
Bridges of HopeBrainerd, MN501(c)(3)To Implement a Self-healing Communities Project to Mitigate Adverse Childhood Experiences, Build Resiliency, and Increase Positive Health Outcomes.$5,000
Browerville Public SchoolsBrowerville, MNSchool DistrictTo Support the Purchase of Safety Equipment and Mats.$5,000
Cambridge Isanti School DistrictCambridge, MNSchool DistrictTo Distribute Backpacks That Healthcare Providers Can Distribute.$5,000
Canvas HealthOakdale, MN501(c)(3)To Help the Workforce of East Central Minnesota With Chemical And/or Mental Health Issues Preventing Them From Working.$5,000
Centracare Health FoundationSt Cloud, MN501(c)(3)To Sponsor the Community Health Event on April 20-21 That Includes Four Separate Races for All Skill Levels and Ages..$5,000
Central Lakes College FoundationBrainerd, MN501(c)(3)To Provide Small Grants to Staff and Faculty Members With Innovative Ideas for Reduce or Removing Barriers to Student Success.$5,000
Central Mn Sustainability ProjectSt Cloud, MN501(c)(3)To Support This Program Which Develops Leadership and Job Skills Among Immigrant Women.$5,000
City of HackensackHackensack, MNUnit of GovernmentTo Support Community Volunteers Overseeing Beautification.$5,000
City of MenahgaMenahga, MNUnit of GovernmentTo Develop and Implement Training to Support Local Projects.$5,000
City of North BranchNorth Branch, MNUnit of GovernmentTo Support a Minnesota Design Team to Identify Key Redevelopment Opportunities and Utilize Current Infrastructure.$5,000
City of Pine CityPine City, MNUnit of GovernmentTo Develop a Residential Park Within the Crosslake Preserve Development.$5,000
Community GivingSt Cloud, MN501(c)(3)To Support Leadership Training.$5,000
Community Grassroots SolutionsWaite Park, MN501(c)(3)To Support Community Grassroots Solutions Job Placement Program That Assists St. Cloud Immigrant and Refugee Women and Girls.$5,000
Cuyuna Range Youth CenterCrosby, MN501(c)(3)To Support Activities That Lead to Improved Job Skills and Access to Employment Opportunities for Crosby-area Youth.$5,000
East Central Regional Development CommissionMora, MNUnit of GovernmentTo Support Planning, Public Engagement, and Promotion of the Mille Lacs Lake Area Scenic Byway.$5,000
East Central Regional LibraryCambridge, MNUnit of GovernmentTo Support Early Childhood Literacy.$5,000
Economic Development Authority of the City of St CloudSt Cloud, MNUnit of GovernmentTo Help Economic Recovery Efforts From the Permanent Closure of a Manufacturing Plant and Dislocated Workforce.$5,000
Elk River School DistrictElk River, MNSchool DistrictTO SUPPORT AN "ANGEL FUND" USED TO HELP THESE FAMILIES IN POVERTY ENSURE THEIR CHILDREN GET A WARM MEAL.$5,000
Employment Enterprises IncLittle Falls, MN501(c)(3)To Recruit and Provide Work Skills Training to Members of the Little Falls Area Immigrant Community.$5,000
Enterprise Minnesota IncMinneapolis, MN501(c)(3)To Support the Consulting Needs of a Small Manufacturing Company.$5,000
Family PathwaysNorth Branch, MN501(c)(3)To Provide Food to Women and Children Escaping Domestic Violence, as Well as Families in Isanti County.$5,000
Friends of Career SolutionsSt Cloud, MN501(c)(3)To Provide Training and Apprenticeship Opportunities to Support Young Adults to Complete Their Ged, While Also Gaining Applied Workplace Experience.$5,000
Friends of Career SolutionsSt Cloud, MN501(c)(3)To Assist Young Adult Clients Referred by the Pathways for Youth Organization And/or Public the Schools.$5,000
Greater St Cloud Development CorporationSt Cloud, MN501(c)(3)To Support the Workplace Well-being Program in the Greater St. Cloud Area.$5,000
Isanti CountyCambridge, MNUnit of GovernmentTo Implement the Broadband Feasibility Study by Formalizing Organizational Partnerships and Refining Technology and Financial Plans.$5,000
Isanti County Commission on AgingCambridge, MN501(c)(3)TO SUPPORT THE SAC'S FRIENDSHIP CAFE AS A SUSTAINABLE SOCIAL ENTERPRISE.$5,000
Lutheran Social Service of MinnesotaSt Cloud, MN501(c)(3)To Reduce the Incidence of Maltreatment of Young Children and Provide Relief to Parents in Crisis by Offering Emergency Child Care.$5,000
Mille Lacs Health SystemOnamia, MN501(c)(3)To Advance Early Childhood Initiatives and Help Secure Local Investment for These Efforts.$5,000
Morrison CountyLittle Falls, MNUnit of GovernmentTo Support Kindergarten Readiness.$5,000
New Pathways IncCambridge, MN501(c)(3)To Support Efforts to Reach New Donors Who Will Contribute to Their Work of Providing Emergency Shelter to Homeless Families.$5,000
Northfield Area Family YmcaNorthfield, MN501(c)(3)To Support the Capital Expansion Project.$5,000
Pine Technical & Community CollegePine City, MN501(c)(3)To Provide Scholarships for Students in Healthcare Related Fields.$5,000
Promise Neighborhood of Central MinnesotaSt Cloud, MN501(c)(3)TO SUPPORT THE DEVELOPMENT OF A STRATEGIC FUND DEVELOPMENT PLAN TO INCREASE FINANCIAL CAPACITY TO SUPPORT LOW-INCOME CHILDREN AND FAMILIES IN ST. CLOUD'S TALAHI NEIGHBORHOOD.$5,000
Region Five Development CommissionStaples, MN501(c)(3)To Support Nceda in Providing Technical Assistance to Small Manufacturing Companies.$5,000
Region Five Development CommissionStaples, MN501(c)(3)To Support Events, Activities, and Marketing to Help Support Businesses and Downtown Vitality During Highway Reconstruction.$5,000
Rivers of HopeMonticello, MN501(c)(3)To Support the Violence Prevention and Intervention (vip) Program That Provides Individual Support, Facilitated Group Support and Legal Advocacy for Youth.$5,000
Saint Cloud Area Family YmcaSt Cloud, MN501(c)(3)To Support the Capital Expansion Project.$5,000
Saint Cloud Rotary FoundationSt Cloud, MN501(c)(3)TO CONTRIBUTE TO STARTUP COSTS FOR THE YOUTH OPPORTUNITY CENTER (CALLED "PATHWAYS 4 YOUTH") TO HELP YOUTH EXPERIENCING HOMELESSNESS.$5,000
Saint Cloud State University FoundationSt Cloud, MN501(c)(3)To Support the Martin Luther King, Jr. Day Events.$5,000
Saint Cloud State University FoundationSt Cloud, MN501(c)(3)To Support the Martin Luther King Jr. Breakfast and Day of Service Event at St. Cloud State University.$5,000
Salem Lutheran ChurchDeerwood, MN501(c)(3)To Support Salem West Staff Expansion in Response to Leadership Succession and Significant Growth in Requests for Assistance.$5,000
Sprout Mn LLCLittle Falls, MN501(c)(3)To Support a Feasibility Analysis of a Central Minnesota Meat Processing Facility to Serve Over 20 Farmers.$5,000
Stearns County Historical Society IncSt Cloud, MN501(c)(3)TO SUPPORT THE MUSEUM'S FIRE CONTAINMENT PROJECT.$5,000
The Leech Lake Band of Ojibwe Reservation Business CommitteeCass Lake, MN501(c)(3)To Support the Launch of This Highly Successful Program to Serve the Leech Lake Reservation.$5,000
Tusen TackBraham, MN501(c)(3)To Support the Long-term Sustainable Growth of the Organization Through Additional Staff Support.$5,000
Wadena-deer Creek School DistrictWadena, MNSchool DistrictTo Support Innovative Classroom Grants in the Wadena-deer Creek Public Schools.$5,000
Wright County Community Action IncMaple Lake, MN501(c)(3)TO SUPPORT WRIGHT COUNTY COMMUNITY ACTION'S COMMUNITY ASSESSMENT PROJECT TO ASSESS AND UNDERSTAND NEEDS OF LOW-INCOME RESIDENTS.$5,000
Youth Investment FoundationMedina, MN501(c)(3)To Support Camping Opportunities and Weekly Area Youth Group for At-risk Youth.$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$130,646
Fundraising Direct Expenses$57,567
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Trcf Golf Event$31,599$24,040$250$23,790
Braham Area Education Gala$25,899$13,975$449$13,526
Total Events$217,057$130,646$57,567$73,079
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Rick BauerlyTrusteeContributions From Partnership to Partner FundNo$500,000
Rick BauerlyTrusteeGift of Units for FundNo$422,064
Pat GorhamTrusteeParticipating Lender at Bank With OwnershipNo$30,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Rick bauerly is an initiative foundation trustee. Rick bauerly is a principal owner for granite equity llc.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is provided to the full board electronically as part of monthly board meeting materials.”

Form 990, Part VI, Section B, Line 12C

“Board meetings begin with a question asking members to disclose any potential conflicts of interest. Grant team members are required to disclose potential conflicts of interest prior to discussing grant applications and recuse themselves. Finance approves all payments and considers potential for conflicts of interest. Annually all donation and payment transactions are reviewed by finance.”

Form 990, Part VI, Section B, Line 15

“A compensation study was conducted by an external firm. A review of market compensation for comparable foundations plus other minnesota initiative foundations is conducted annually. A market compensation studies are reviewed from the minnesota council on foundations and council of foundations. Shrm resources are also used along with temp agency compensation wage references.”

Form 990, Part VI, Section C, Line 18

“Upon request. We also produce an annual report that is available for the public.”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements are made available within the annual report or upon request. The organization's governing documents and conflict of interest policy are not available to the public.”

Filing and Contact Details

Filer

Filer Name
Initiative Foundation
EIN
36-3451562
Phone
3206329255
Address
405 FIRST STREET SE, LITTLE FALLS, MN 56345

Signing Officer

Name
Matt Varilek
Title
President
Phone
3206329255
Signed
2019-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Varilek
Formed
1986
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
33
Volunteers
237

Preparer

Firm
SCHLENNER WENNER & CO CPA'S PA
Address
630 ROOSEVELT RD STE 201, ST CLOUD, MN 56301
Preparer
Shelley M Gaetz
Phone
3202510286
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The foundation holds funds transferred to them from other organizations for investment management purposes. The funds are to be distributed back to these organizations as they request them. The foundation has no variance power over the funds.”

PART V, LINE 4:

“Board designated endowment funds provide program and operating support for the initiative foundation's mission. Specific work donor designated endowment funds develop community resources to enhance the quality of life of individuals and families through various communities in minnesota. Some donor designated endowment funds are also used to provide scholarships for high school students pursuing post secondary education, to award grants that promote various intiatives pursued by the donor, and to support organizations conducting various charitable activities.”

PART X, LINE 2:

“U.s. Gaap requires management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the organization, and has concluded that as of december 31, 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization believes it is no longer subject to income tax examinations for years prior to 2015.”

Raw XML AppendixShowing 400 of 1,665 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0TO EMPOWER PEOPLE TO BUILD THRIVING COMMUNITIES AND A VIBRANT REGION ACROSS CENTRAL MINNESOTA.
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IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01356755
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01237075
IRS990/NetAssetsOrFundBalancesBOYAmt066560368
IRS990/NetAssetsOrFundBalancesEOYAmt064233202
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01031240
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01031240
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt073079
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt073079
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt06010
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt06010
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-5675559
IRS990/NoncashContributionsAmt05037
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt012332
IRS990/OccupancyGrp/ManagementAndGeneralAmt027415
IRS990/OccupancyGrp/ProgramServicesAmt041869
IRS990/OccupancyGrp/TotalAmt081616
IRS990/OfficeExpensesGrp/FundraisingAmt013886
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018190
IRS990/OfficeExpensesGrp/ProgramServicesAmt038295
IRS990/OfficeExpensesGrp/TotalAmt070371
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt034851
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt088235
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0127252
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0250338
IRS990/OtherExpensesGrp/Desc0ALL OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/Desc2VOLUNTEER TRAVEL & TRAI
IRS990/OtherExpensesGrp/Desc3MEMBERSHIPS/SPONSORSHIP
IRS990/OtherExpensesGrp/FundraisingAmt03147
IRS990/OtherExpensesGrp/FundraisingAmt1449
IRS990/OtherExpensesGrp/FundraisingAmt23296
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt051940
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt119
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25451
IRS990/OtherExpensesGrp/ProgramServicesAmt0203278
IRS990/OtherExpensesGrp/ProgramServicesAmt167038
IRS990/OtherExpensesGrp/ProgramServicesAmt226984
IRS990/OtherExpensesGrp/ProgramServicesAmt310470
IRS990/OtherExpensesGrp/TotalAmt0258365
IRS990/OtherExpensesGrp/TotalAmt167506
IRS990/OtherExpensesGrp/TotalAmt226984
IRS990/OtherExpensesGrp/TotalAmt319217
IRS990/OtherRevenueMiscGrp/BusinessCd0541860
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0ADVERTISING
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt08143
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050634
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18143
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt050634
IRS990/OtherRevenueTotalAmt058777
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0260366
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0446579
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0899419
IRS990/OtherSalariesAndWagesGrp/TotalAmt01606364
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08556234
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09239986
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt021466
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt041213
IRS990/PayrollTaxesGrp/ProgramServicesAmt068549
IRS990/PayrollTaxesGrp/TotalAmt0131228
IRS990/PensionPlanContributionsGrp/FundraisingAmt09933
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt018679
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt037554
IRS990/PensionPlanContributionsGrp/TotalAmt066166
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt021235697
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt022020553
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01086081
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01607756
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt078934
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt077407
IRS990/PrincipalOfficerNm0MATT VARILEK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0REVOLVING LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1EVENTS AND WORKSHOP REGISTRATIONS
IRS990/ProgramServiceRevenueGrp/Desc2LOAN ADMIN FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0650131
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt158533
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225591
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0650131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt158533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225591
IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC DEVELOPMENT/BUSINESS LENDING:THE INITIATIVE FOUNDATION ORIGINATED LOANS TOTALING $2.1 MILLION DURING 2018. THE EFFORT LEVERAGED $12.1 MILLION FROM PRIVATE SOURCES. WE ESTIMATE THAT THIS VOLUME OF LOANS CONTRIBUTED SIGNIFICANTLY TO THE CREATION OF 101 JOBS AND THE RETENTION OF 135 JOBS. WE CONTINUED TO PROVIDE SUPPORT TO ENSURE THAT OUR ENTIRE REGION HAS ACCESS TO MICRO-LENDING PROGRAMS THROUGH PARTNERS THAT INCLUDE REGION 5 DEVELOPMENT COMMISSION, SOUTHWEST INITIATIVE FOUNDATION AND ST. CLOUD STATE UNIVERSITY. WE MAINTAIN FUNDING AND REFERRAL RELATIONSHIPS WITH THE SMALL BUSINESS DEVELOPMENT CENTERS LOCATED IN OUR REGION. ATTRACTION, DEVELOPMENT AND RETENTION OF SKILLED WORKFORCE HAS BECOME AN INCREASING INTEREST TO EMPLOYERS THROUGHOUT OUR REGION. THE INITIATIVE FOUNDATION HOSTED OR PARTNERED WITH OTHER ORGANIZATIONS TO HOST A SERIES OF WORKSHOPS TO DRAW ATTENTION TO THE PROJECTED SHORTFALL OF NEARLY 200,000 WORKERS BETWEEN NOW AND 2030 (STATEWIDE), AND HIGHLIGHT STRATEGIES FOR INTERESTING YOUTH IN LOCALLY SIGNIFICANT CAREERS IN DEMAND, DEVELOPMENT OF APPRENTICESHIP AND INTERN PROGRAMS, SHARING RESOURCES FOR UPSKILLING INCUMBENT WORKERS, AND ENGAGING VETERANS, WOMEN, INDIVIDUALS WITH DISABILITIES, NEW AMERICANS, AND SENIORS.THE ECONOMIC DEVELOPMENT TEAM WRAPPED UP THE TWO-YEAR PILOT COHORT OF THE INITIATORS FELLOWSHIP, A TWO-YEAR PROGRAM SOCIAL ENTREPRENEURSHIP PROGRAM THAT PROVIDES MENTORSHIP, TRAINING AND SUPPORT FOR FOUR FELLOWS AS THEY WORK TO STRENGTHEN CENTRAL MINNESOTA THROUGH THEIR BUSINESS ENTERPRISE AND THEIR LEADERSHIP IN OUR COMMUNITIES, REGION AND BEYOND. PLANNING IS UNDERWAY TO EXPAND THE FELLOWSHIP IN 2020. THE ECONOMIC DEVELOPMENT TEAM ALSO STARTED OUR NEW ENTERPRISE ACADEMY PROGRAM IN 2018, PROVIDING BUSINESS TRAINING, ONE-ON-ONE TECHNICAL ASSISTANCE AND DIRECT LENDING TO LOWER-INCOME ENTREPRENEURS. THE INITIAL FOCUS OF THE ENTERPRISE ACADEMY PROGRAM IS TO SERVE NEW AMERICANS FROM THE EAST AFRICAN COMMUNITY IN ST. CLOUD. FOCUSED OUTREACH WITH COMMUNITY BANKS, CHAMBERS OF COMMERCE AND VOLUNTEER BUSINESS GROUPS COMBINED WITH TARGETED ECONOMIC DEVELOPMENT GRANTMAKING REMAINS A PRIORITY TO INCREASE LOANS AND TECHNICAL ASSISTANCE OPPORTUNITIES IN ALL COMMUNITIES. SUPPORT INCLUDED STRATEGIC PLANNING, LINKING TO OTHER FUNDERS AND JOB CREATION OPPORTUNITIES, CHALLENGE GRANTS TO SPUR MEMBERSHIP GROWTH, AND DEVELOPMENT OF TECHNOLOGY TOOLS AND/OR PROGRAMS TO ATTRACT AND RETAIN SKILLED WORKERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0624279
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0192129
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0675722
IRS990/ProgSrvcAccomActy3Grp/Desc0MARKETING, COMMUNICATIONS & IQ MAGAZINE:THE INITIATIVE FOUNDATION IN 2018 PUBLISHED TWO EDITIONS OF IQ MAGAZINE. THE SHIFT FROM FOUR TO TWO EDITIONS ANNUALLY (SPRING/FALL) STARTING IN 2018 WAS AN INTENTIONAL EFFORT THAT ENABLED MARKETING AND COMMUNICATIONS STAFF TO INCREASE THE ORGANIZATION'S DIGITAL OUTREACH. THE REGIONALLY POPULAR MAGAZINE IS DISTRIBUTED TO AN AVERAGE OF 13,500 SUBSCRIBERS AND ENJOYS PASS-ALONG VIEWS FROM UP TO 60,000 READERS. IT SERVES AS THE CONTENT ENGINE FOR MUCH OF THE ORGANIZATION'S MARKETING AND COMMUNICATIONS MESSAGING, PROVIDING EDITORIAL AND PHOTOGRAPHY TO PROMOTE PROGRAMS, OUTREACH EFFORTS AND REGIONAL INITIATIVES THAT FOCUS ON ECONOMIC DEVELOPMENT, COMMUNITY DEVELOPMENT AND GENEROSITY. STORIES PUBLISHED IN 2018 HELPED TO DRIVE AWARENESS OF THE FOUNDATION'S MANY PARTNERSHIPS, BOTH WITHIN AND OUTSIDE THE REGION, AND THE WAYS IN WHICH THEY BENEFIT THE PEOPLE OF CENTRAL MINNESOTA.ALL OF THESE PROGRAM-BASED STORIES WERE PARLAYED IN OTHER INITIATIVE FOUNDATION MEDIUMS-WEBSITES, EMAIL MARKETING, SOCIAL MEDIA-TO COMMUNICATE TO OUR AUDIENCES THE CONTINUED NEED TO SUPPORT THE FOUNDATION, ITS PROGRAMS AND ITS WORK.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0434323
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ADMINISTRATIVE:THE FOUNDATION'S FINANCIAL POSITION IS STRONG. THE ORGANIZATION'S ENDOWMENT TOTALED $48.7 MILLION THIS YEAR WHILE THE LENDING PORTFOLIO ENDED THE YEAR AT $13.9 MILLION. NET ASSETS EQUAL $64.2 MILLION. ENDOWED ASSETS INCLUDE $10.4 MILLION ASSOCIATED WITH DESIGNATED COMPONENT FUNDS AND $38.3 MILLION OF GENERAL ASSET ENDOWMENT ASSETS. THE FOUNDATION'S SPENDING POLICY GUIDES ENDOWMENT USE. AN ALLOCATION OF 5 PERCENT IS DRAWN FROM GENERAL ENDOWMENT EACH YEAR TO SUPPORT PROGRAMS AND OPERATIONS. CURRENTLY, THIS AMOUNT IS NEARLY $2.0 MILLION OF THE $6.1 MILLION ANNUAL BUDGET (WHICH EXCLUDES LOAN ACTIVITY). OTHER SIGNIFICANT FUNDING SOURCES ARE PROVIDED BY MCKNIGHT FOUNDATION ($1.1 MILLION) AND OTHER FOUNDATION, STATE AND FEDERAL GRANTS, ALONG WITH A SMALL AMOUNT OF EARNED INCOME. THE FOUNDATION ENDED 2018 AT 96 PERCENT OF BUDGET FOR TOTAL SOURCES OF FUNDS AND 92 PERCENT FOR TOTAL USES OF FUNDS. LOSSES ASSOCIATED WITH THE FOUNDATION'S INVESTMENTS IN PUBLICLY TRADED SECURITIES DURING THE 4TH QUARTER OF 2018 RESULTED IN AN ANNUAL RETURN OF -6.72%, ALTHOUGH MUCH OF THIS WAS RECOVERED IN EARLY 2019. THE INITIATIVE FOUNDATION CONTINUES TO SEEK GRANT FUNDING RESOURCES FROM A VARIETY OF PUBLIC AND PRIVATE ENTITIES FOR PROGRAM SUPPORT AND OPERATIONS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01597421
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt01233194
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt06010
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05977516
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03617772
IRS990/PYInvestmentIncomeAmt01849956
IRS990/PYOtherExpensesAmt01370782
IRS990/PYOtherRevenueAmt0160065
IRS990/PYProgramServiceRevenueAmt0652815

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,595,102
Liabilities
$7,361,900
Net assets
$64,233,202
Revenue
$9,272,619
Expenses
$5,924,226
Net income
$3,348,393
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$8.77$106$15.2$15.7$0.50
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$8.45$101$10.0$9.36$0.67
2022Detailed filing. Detailed filing data is available for this year.$98.8$7.41$91.4$18.8$16.3$2.57
2021Detailed filing. Detailed filing data is available for this year.$108$8.26$100$30.8$9.40$21.4
2020Detailed filing. Detailed filing data is available for this year.$95.6$7.35$88.3$21.8$15.3$6.44
2019Detailed filing. Detailed filing data is available for this year.$81.8$5.48$76.3$10.3$5.23$5.06
2018Detailed filing. Detailed filing data is available for this year.$71.6$7.36$64.2$9.27$5.92$3.35
2017Detailed filing. Detailed filing data is available for this year.$74.0$7.44$66.6$8.64$7.32$1.32
2016Detailed filing. Detailed filing data is available for this year.$63.1$3.99$59.1$6.92$5.95$0.97
2015Detailed filing. Detailed filing data is available for this year.$61.0$4.82$56.2$7.89$5.86$2.02
2014Detailed filing. Detailed filing data is available for this year.$62.9$5.01$57.9$7.96$5.00$2.96
2013Detailed filing. Detailed filing data is available for this year.$60.8$4.31$56.5$6.99$5.74$1.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.9$4.63$50.3$4.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.8$4.61$43.1$4.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.6$6.11$42.5$4.92