Civic Intelligence

Initiative Foundation

990 • Fiscal year 2019 • EIN 36-3451562

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 18, 2020

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

25th percentile

0.07x

Higher debt load relative to assets than 25% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.53x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

92nd percentile

49%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$211,616

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

76th percentile

14%

Faster asset growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

71st percentile

11%

Faster revenue growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$81,789,533

Up $10,194,431 (+14%) from 2018

Net Assets

Up

$76,309,434

Up $12,076,232 (+19%) from 2018

Liabilities

Down

$5,480,099

Down $1,881,801 (-26%) from 2018

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin92nd percentile

Revenue

Up

$10,291,225

Up $1,018,606 (+11%) from 2018

Expenses

Down

$5,230,555

Down $693,671 (-12%) from 2018

Net Income

Up

$5,060,670

Up $1,712,277 (+51%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2019

Assets$81,789,533
Liabilities$5,480,099
Net Assets$76,309,434
Open 2019 Filing

Operations Trend

Revenue Growth71st 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

2019

Revenue$10,291,225
Expenses$5,230,555
Net Income$5,060,670
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 18, 2020
Return Version
2019v5.1
Gross Receipts
$26,385,549
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$51,072,608$60,598,116▲ $9,525,508
Other Notes and Loans Receivable, Net$9,239,986$8,522,966▼ $717,020
Investments Other Securities$4,845,508$5,998,214▲ $1,152,706
Cash and Non-Interest-Bearing Accounts$2,255,464$2,632,356▲ $376,892
Land, Buildings, and Equipment, Net$1,725,088$1,699,121▼ $25,967
Savings and Temporary Cash Investments$725,702$1,172,540▲ $446,838
Pledges and Grants Receivable$1,607,756$1,052,203▼ $555,553
Accounts Receivable$45,583$66,757▲ $21,174
Prepaid Expenses and Deferred Charges$77,407$47,260▼ $30,147
Total Assets$71,595,102$81,789,533▲ $10,194,431
Liabilities
Unsecured Notes Loans Payable$2,097,131$2,190,694▲ $93,563
Escrow Account Liability$1,076,581$1,418,058▲ $341,477
Mortgage Notes Payable Secured by Investment Property$1,237,075$1,116,197▼ $120,878
Accounts Payable and Accrued Expenses$399,066$433,351▲ $34,285
Grants Payable$985,313$195,414▼ $789,899
Deferred Revenue$1,566,734$126,385▼ $1,440,349
Total Liabilities$7,361,900$5,480,099▼ $1,881,801
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,341,962$41,583,518▲ $8,241,556
Net Assets With Donor Restrictions$30,891,240$34,725,916▲ $3,834,676
Total Net Assets Fund Balance$64,233,202$76,309,434▲ $12,076,232
Total Liabilities and Net Assets / Fund Balance$71,595,102$81,789,533▲ $10,194,431

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$896,204$885,979$1,782,183
Land$768,200-$768,200
Equipment$34,717$432,309$467,026
Other Securities$5,998,214--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$48,811,030$1,250,994▲ $9,932,589$2,192,862$57,801,751
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
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt VarilekPresidentFT$174,296$37,320$211,616
Lynn BushingerCOO/CFO/treasurerFT$112,634$23,741$136,375
Don HickmanEmployeeFT$116,819$18,703$135,522
Jeff WigEmployeeFT$109,894$7,401$117,295

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$5,198,038
Program Service Revenue
$658,981
Investment Income
$4,312,546
Other Revenue
$121,660
All Other Contributions
$4,062,474
Change in Net Assets
$5,060,670

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,241,561
Revenue Not Reported on Financial Statements
$49,664
Revenue Not Reported on Form 990
$7,015,562
Other Revenue Adjustments
$-39,322
Total Revenue per Audited Statements
$17,257,123
Total Revenue per Form 990
$10,291,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,346,947
Grants and Similar Amounts Paid$1,983,908
Other Expenses$899,700
Total Fundraising Expense$419,038
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,826,280--$1,826,280
Other Salaries and Wages$873,395$431,545$218,967$1,523,907
Current Officers, Directors, Trustees, and Key Employees$95,412$203,087$49,492$347,991
Fees for Services Other$259,100$20,020$6,620$285,740
Other Employee Benefits$159,567$85,236$38,719$283,522
Information Technology$113,062$59,294$21,106$193,462
Grants to Domestic Individuals$157,628--$157,628
Payroll Taxes$68,065$40,909$18,580$127,554
Occupancy$51,525$29,163$11,751$92,439
Fees for Service Investment Mgmnt Fees-$88,986-$88,986
Office Expenses$44,238$21,480$15,130$80,848
Pension Plan Contributions$36,184$19,198$8,591$63,973
Depreciation Depletion$36,512$18,346$8,921$63,779
Advertising$28,774$11,568$4,515$44,857
Travel$28,397$4,087$4,783$37,267
Interest$34,044--$34,044
Fees for Services Accounting-$30,574-$30,574
Conferences and Meetings$19,384$7,214$1,327$27,925
Insurance$8,359$5,068$2,042$15,469
Fees for Services Legal$1,392$6,251-$7,643
Other Expenses$-380,639$7,962$-306$-380,945
Total Functional Expenses$3,673,971$1,137,546$419,038$5,230,555

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,230,555
Total Expenses per Audited Statements$5,180,891
Expenses per Audited Statements$5,141,569
Expenses Not Reported on Financial Statements$88,986
Expenses Not Reported on Form 990$39,322
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sauk Rapids-rice School DistrictSauk Rapids, MNUnit of GovernmentTo Support the Mission of the Organization Through the Compass Program.$152,319
CommunitygivingSt Cloud, MN501(c)(3)TO ESTABLISH A DONOR ADVISED FUND WITH CENTRAL MN COMMUNITY FOUNDATION IN ANNELISE EDEBURN'S NAME.$86,589
Northern Waters Land TrustWalker, MN501(c)(3)To Support the Mission and Operations of the Organization.$70,000
Greater St Cloud Public Safety FoundationSt Cloud, MN501(c)(3)To Support the Mission of the Organization.$69,000
City of BeckerBecker, MNUnit of GovernmentTo Support a Comprehensive Plan Process, Including Public Input on the Desired Future of Transportation, Affordable Housing, Land Use, and Other Policies.$55,000
Wright County Regional Inspection CoalitionAnnandale, MN-Prevent the Spread of Aquatic Invasive Species.$49,022
United Way of Central MinnesotaSt Cloud, MNSchool DistrictTo Support the Mission of the Organization.$45,000
Saint Cloud State University FoundationSt Cloud, MNSchool DistrictTo Support Operations of the Small Business Development Center in Its Support of Local Entrepreneurs.$40,235
City of WadenaWadena, MNUnit of GovernmentTo Support the Development of the Wadena Regional Wellness Center.$30,000
Cambridge Community College Center FoundationCambridge, MN501(c)(3)To Support the Mission of the Organization.$25,000
City of Pine CityPine City, MNUnit of GovernmentTo Support the Outdoor Rink Facility Improvement Project.$25,000
Sherburne CountyElk River, MNUnit of GovernmentTo Support Community Input in Transportation Planning.$25,000
Minnesota State Veterans Cemetery AssociationLittle Falls, MN501(c)(3)To Support the Historic Educational Art Project at the Minnesota State Veterans Cemetery.$24,080
Little Falls School DistrictLittle Falls, MN501(c)(3)To Provide 11 Scholarships in the Amount of 2,000 Each to Qualified Graduating Seniors of Little Falls High School.$22,000
Sherburne CountyElk River, MNUnit of GovernmentTo Assist With Funding Comprehensive Housing Study and Needs Analysis.$20,000
Active Central MnSauk Rapids, MN501(c)(3)To Support the Mission of the Organization.$15,000
Anderson CenterSt Cloud, MN501(c)(3)To Support the Mission of the Organization.$15,000
Christ the King ChurchBrowerville, MNUnit of GovernmentTo Support the Mission and Operations of Christ the King Church in Browerville.$15,000
College of Saint BenedictSt Joseph, MN501(c)(3)To Support the Mission of the College of Saint Benedict Through the Capital Campaign.$15,000
Saint Cloud Technical & Community College FoundationSt Cloud, MNSchool DistrictTo Support the Mission of the Organization.$15,000
Lake Region Christian SchoolBaxter, MN501(c)(3)To Support Scholarships for Students Attending the School and Classroom Enhancements.$14,288
Sauk Rapids-rice School DistrictSauk Rapids, MN501(c)(3)To Support the Mission of the Organization.$11,364
Anderson CenterSt Cloud, MN501(c)(3)To Increase Accessibility to High Quality Training That Supports New and Expanding Businesses in Greater Minnesota.$10,000
Anderson CenterSt Cloud, MN501(c)(3)To Provide Scholarships for Entrepreneurs and Nonprofit Leaders.$10,000
Brainerd Lakes Area Chamber of Commerce Education AssociationBrainerd, MN501(c)(3)To Support a Third Year of an Innovative Contest to Fill Empty Storefronts and Create Public Engagement in Downtown Brainerd.$10,000
Brainerd Lakes Area Economic Development CorporationBrainerd, MN501(c)(3)To Provide Comprehensive Services in Support of Entrepreneurs in the Brainerd Lakes Area.$10,000
Bridges of HopeBrainerd, MN501(c)(3)To Build Innovation and Collaboration Across Local Social Service Organizations.$10,000
Cambridge Area Pickleball Association (capa)Cambridge, MN501(c)(3)To Support the Mission of the Organization.$10,000
Central Lakes CollegeBrainerd, MNUnit of GovernmentTo Provide Assistance to Emerging and Established Entrepreneurs in 10 Counties Served by the Initiative Foundation.$10,000
Central Minnesota Jobs and Training Services IncMonticello, MN501(c)(3)TO SUPPORT THE "K12 CONNECTION WEBPAGE" TO HELP EDUCATORS, PARENTS AND STUDENTS LINK WITH MANUFACTURERS FOR CAREER DEVELOPMENT.$10,000
City of Little FallsLittle Falls, MNUnit of GovernmentTo Provide Expand Access Economically Sustainable Quality Affordable Child Care.$10,000
City of MonticelloMonticello, MNUnit of GovernmentTo Support the Coalition of Utility Cities (cuc) Organization to Document the Economic and Broader Social Impacts for Utility Cities During Transition Out of Utility Economy Dependence.$10,000
CommunitygivingWillmar, MN501(c)(3)To Launch of an Innovative Youth Entrepreneurship Program Called West Stearns County Creating Entrepreneurial Opportunities (ceo).$10,000
CommunitygivingWillmar, MN501(c)(3)To Support Leadership Development and Community Engagement in Greater St. Cloud.$10,000
Economic Development Partnership of Wright CountyRockford, MNSchool DistrictTo Use the Wright Technical Center to Provide Incumbent Worker Training Opportunities to Help Address the Skilled Labor Shortage in Wright and Adjacent Counties.$10,000
Elk River School DistrictElk River, MNSchool DistrictTo Replace and Update Tools in the Rogers High School Woodworking Department.$10,000
Kanabec CountyMora, MN501(c)(3)To Complete a Feasibility Study of the Kelling Site in Mora for the Development of a Large Workforce Housing Project.$10,000
Lincoln Evangelical Free ChurchCushing, MNSchool DistrictTo Support the Mission of the Organization.$10,000
MilestonesWaite Park, MN501(c)(3)To Improve Access to Quality, Affordable Child Care.$10,000
Mn Chamber of Commerce FoundationSt Paul, MN501(c)(3)To Support the Mission of the Organization.$10,000
New Pathways IncCambridge, MN501(c)(3)To Support the Mission of the Organization.$10,000
Promise Neighborhood of Central MinnesotaSt Cloud, MN501(c)(3)To Support Fund Development Capacity-building and Facility Planning.$10,000
Saint Cloud State University FoundationSt Cloud, MNSchool DistrictTo Support the Mission of the Organization Through the Mlk Breakfast Event.$10,000
Staples Economic Development AuthorityStaples, MN501(c)(3)To Expand Access to Quality, Affordable, Economically Sustainable Child Care.$10,000
United Way of Central MinnesotaSt Cloud, MN501(c)(3)To Support the Partner for Student Success Project by Addressing Implicit Bias and Low Expectations Through Effective, Data-driven Professional Development.$10,000
WacosaWaite Park, MN-To Support Employment for Individuals With Disabilities.$9,700
Sherburne CountyElk River, MN501(c)(3)To Support Regional Planning for Economic Develpment, Community Infrastructure, and Amenities.$9,286
City of Little FallsLittle Falls, MNUnit of GovernmentTo Support an Engineering Study to Determine the Cost of Delivering Broadband to Residential Neighborhoods of Little Falls.$7,500
Elk River School DistrictElk River, MNSchool DistrictTo Support the Mission of the Organization Through Education Scholarships.$7,500
Elk River School DistrictElk River, MN501(c)(3)To Support the Mission of the Organization.$7,500
Family PathwaysNorth Branch, MN501(c)(3)For Capacity Building for a Nonprofit Focused on Alleviating Poverty.$7,500
Hands Across the WorldSt Cloud, MN501(c)(3)To Support 100 Refugees and Immigrants in Their Participation in Workforce Trainings in the Greater St. Cloud Area.$7,500
Rural Renewable Energy AlliancePine River, MNSchool DistrictTo Advance Organizational Planning, Strategy, Board and Organizational Development.$7,500
Enterprise Minnesota IncMinneapolis, MN501(c)(3)To Support the Executive Hr Peer Council for Entrepreneurs Within Central Minnesota.$7,200
Bicycle Alliance of MinnesotaMinneapolis, MN501(c)(3)TO PROVIDE TECHNICAL ASSISTANCE AND PLANNING TO HELP COMMUNITIES ACHIEVE "BIKE FRIENDLY" ACCREDITION.$7,000
Central Minnesota Jobs and Training Services IncMonticello, MN501(c)(3)To Offer an Employer Seminar Series, Titled Our Untapped Workforce, Which Will Highlight the Benefits of Hiring Fair Chance Workers.$7,000
Greater Minnesota Worker CenterSt Cloud, MN501(c)(3)For Board Training and Professional Guidance in Leadership Succession Planning.$7,000
Lakes & Pines Community Action Council IncMora, MNSchool DistrictTo Support a Volunteer Transportation Network .$7,000
New Pathways IncCambridge, MN501(c)(3)To Deliver Programming to Move Families Out of Homelessness in the Cambridge Area.$7,000
CommunitygivingWillmar, MN501(c)(3)To Support Three Board Members Gain Training and Credentials as Administrators of the Intercultural Development Inventory.$6,000
Saint Cloud Area School DistrictWaite Park, MNUnit of GovernmentTo Support Regional Career Exploration Event in the Greater St. Cloud Area.$6,000
Crow Wing Soil and Water Conservation DistrictBrainerd, MNUnit of GovernmentTo Develop a System of Filters and a Retention Pond to Improve Water Quality.$5,900
Crow Wing Soil and Water Conservation DistrictBrainerd, MN501(c)(3)To Work With Area Farmers to Mitigate Adverse Impacts of Agriculture on Water Quality.$5,900
Northeast Entrepreneur Fund IncLittle Falls, MN501(c)(3)To Support the Mission of the Womens Business Alliance of Central Mn$5,500
First United Methodist Church of the Saint Cloud RegionSartell, MN501(c)(3)To Support the Mission of the Organization.$5,400
Little Falls School DistrictLittle Falls, MN501(c)(3)To Support the Mission of the Organization.$5,400
Anishinabe Legal Services IncCass Lake, MN501(c)(3)For Organizational Growth and Training Related to Fund Development.$5,000
AvivoMinneapolis, MN501(c)(3)For Workforce Training for Immigrants and English as a Second Language Learners.$5,000
Bertha-hewitt School DistrictBertha, MNSchool DistrictTo Provide Support for Innovative Classroom Needs for Bertha-hewitt School District.$5,000
Boys & Girls Club of the Leech Lake AreaCass Lake, MN501(c)(3)For Organizational and Board Development Training.$5,000
Braham Elementary Parent OrganizationStanchfield, MN501(c)(3)To Support the Mission of the Organization.$5,000
Brainerd School DistrictBrainerd, MNSchool DistrictTo Support Innovative Classroom Instruction.$5,000
Browerville Public SchoolsBrowerville, MNSchool DistrictTo Support Innovative Classroom Instruction.$5,000
Browerville Public SchoolsBrowerville, MNSchool DistrictTo Support the Mission of the Browerville School Wrestling Program.$5,000
Cambridge Isanti School DistrictCambridge, MNSchool DistrictTo Support Early Childhood Development$5,000
Cass County Economic Development CorporationWalker, MN501(c)(3)To Help Businesses With Succession Planning.$5,000
Centracare Health FoundationSt Cloud, MN501(c)(3)TO SUPPORT CENTRACARE HEALTH FOUNDATION'S EARTH DAY RUNNING EVENT.$5,000
Central Mn Housing PartnershipSt Cloud, MN501(c)(3)To Support Development of a Housing Project for Individuals With Mental Health Issues and Criminal Histories.$5,000
City of BrainerdBrainerd, MNUnit of GovernmentTo Support the Mission of the Organization Through the Pulse Point Project.$5,000
CommunitygivingWillmar, MN501(c)(3)To Provide Funds to Address a Variety of Emergency Assistance Needs of Low Income Families.$5,000
Confidence Learning Center (clc)E Gull Lake, MN501(c)(3)To Provide a Challenge Match to Surface New Donors in Support of the Winter Special Olympics Event (february 13-14, 2020).$5,000
Crosby-ironton Public Schools Foundation Dba Cuyuna Lakes Education FoundatDeerwood, MN501(c)(3)To Fund Innovative Classroom Projects.$5,000
Crosby-ironton Public Schools Foundation Dba Cuyuna Lakes Education FoundatDeerwood, MNUnit of GovernmentTo Support Classroom Grants for the Crosby-ironton Schools.$5,000
Cuyuna Range Youth CenterCrosby, MN501(c)(3)For Youth Internship Program to Develop Workforce Skills.$5,000
Foundation for Essential NeedsMinneapolis, MN501(c)(3)To Support Strategic Planning, Fund Development, Board Training, and Capacity Building.$5,000
Goodwill Industries IncSt Paul, MN501(c)(3)To Provide Financial Services Work Skills Training to Low-income Adults in the Saint Cloud Area.$5,000
Great River Family PromiseElk River, MN501(c)(3)To Support Fund Development for the Only Shelter Serving Families in the Elk River Area Who Are Experiencing Homelessness.$5,000
Greater Saint Cloud Development CorporationSt Cloud, MN501(c)(3)To Support the Mission of the Organization Through the Workplace Well-being Initiative.$5,000
Isanti County Commission on AgingCambridge, MNUnit of GovernmentTo Support the Mission of the Organization.$5,000
Lakes Area Senior Activity CenterBrainerd, MNSchool DistrictTo Support Outreach Efforts to Low Income Individuals and Veterans to Provide a Place to Connect With Others.$5,000
Little Falls School DistrictLittle Falls, MN501(c)(3)To Support Innovative Classroom Instruction.$5,000
MilestonesWaite Park, MN501(c)(3)To Engage Area Employers in Surfacing Innovative Solutions to the Acute Shortage in Quality Affordable Childcare.$5,000
Minnesota Association for Volunteer AdministrationSt Paul, MN501(c)(3)To Improve Volunteer Recruitment, Management, and Retention for Nonprofits.$5,000
Minnesota Chamber FoundationSt Paul, MN501(c)(3)TO PROVIDE SUPPORT FOR"MINNESOTA 2030: EMPOWERING MINNESOTA'S ECONOMY -- A PREVIEW OF GROUNDBREAKING ECONOMIC RESEARCH."$5,000
Northeast Entrepreneur Fund IncLittle Falls, MN501(c)(3)To Support the Newly Established Womens Business Alliance Office in Little Falls, Mn.$5,000
Pine City Area History AssociationPine City, MN501(c)(3)To Support the Mission of the Organization.$5,000
Pioneer Elementary Parent Teacher Organization (pto)Pierz, MN501(c)(3)To Support Innovation in the Classroom.$5,000
Rivers of HopeMonticello, MN501(c)(3)To Support the Mission of the Organization.$5,000
Rural Renewable Energy AlliancePine River, MN501(c)(3)To Support Development of a Community-owned Solar Array in Little Falls for Low-income Veteran Families.$5,000
SAINT JOHN'S UNIVERSITYCollegeville, MNUnit of GovernmentTO SUPPORT THE MISSION OF THE ST. JOHN'S UNIVERSITY MEN'S WRESTLING PROGRAM.$5,000
Saint Cloud Area Family YmcaSt Cloud, MNUnit of GovernmentTo Support the St. Cloud Area Ymca Building.$5,000
Saint Cloud Rotary FoundationSt Cloud, MN501(c)(3)To Support Youth (ages 16-23) Experiencing Homelessness in Central Mn.$5,000
Saint Cloud State UniversitySt Cloud, MN501(c)(3)To Support Feasibility Analysis for a New Child Care Center.$5,000
Saint Cloud State UniversitySt Cloud, MN501(c)(3)To Support Financial Literacy Training for Entrepreneurs and Small Business Owners in Central Minnesota.$5,000
Sauk Rapids-rice School DistrictSauk Rapids, MNUnit of GovernmentTo Support Ongoing Coordination of the Thrive Coalition for Early Childhood.$5,000
Sprout Mn LLCLittle Falls, MN501(c)(3)To Support Public Engagement in Community Planning.$5,000
Staples Economic Development AuthorityStaples, MN501(c)(3)To Complete Assist With the Fundraising Plan for the Opera Houes Restoration Project.$5,000
Swanville Dollars for ScholarsSwanville, MN501(c)(3)To Support Innovative Classroom Grants in the Swanville School District.$5,000
Terebinth RefugeWaite Park, MN501(c)(3)To Provide Skills Training, Educational Opportunities, and Safe Housing for Women Ages 18 and Up Who Have Been Victims of Sex Trafficking.$5,000
The Leech Lake Band of Ojibwe Reservation Business CommitteeCass Lake, MN501(c)(3)To Support This Program Which Provides a Hands-on Construction Training Program and Credentialing for Disconnected Youth.$5,000
The National Loon Center FoundationCrosslake, MN501(c)(3)To Retain a Graduate Student to Recommend Curriculum Media for the Northern Lakes Initiative at the National Loon Center.$5,000
The Yes NetworkSt Cloud, MN501(c)(3)To Support Development of an Advanced Leadership Training for Youth to Enhance Leadership Skills.$5,000
The Yes NetworkSt Cloud, MN501(c)(3)To Support Work Readiness Skills to Youth Who Are Experiencing Multiple Challenges.$5,000
Todd County Development CorporationLong Prairie, MN501(c)(3)To Provide Training and Technical Assistance to Help Businesses and Social Enterprises With Succession Planning (in Partnership With Cass County).$5,000
True FriendsAnnandale, MNSchool DistrictTo Support New Recruitment Strategies to Improve the Ability to Attract, Hire, Train and Retain Seasonal Care Staff$5,000
Tusen TackBraham, MNSchool DistrictTo Support the Mission of the Organization.$5,000
Upsala Area School DistrictUpsala, MN501(c)(3)To Support Classroom Innovation.$5,000
Verndale School DistrictVerndale, MN501(c)(3)To Support Innovative Classroom Grants.$5,000
Wadena-deer Creek School DistrictWadena, MN-To Promote Innovative Classroom Projects.$5,000
Wright County Community Action IncMaple Lake, MN-To Improve the Fundraising Ability of Wright County Community Action.$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$97,349
Fundraising Direct Expenses$39,322
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Spring Gala$40,441$22,180$383$21,797
Trcf Golf Event$26,020$20,282$697$19,585
Total Events$159,980$97,349$39,322$58,027
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$400,000
Rick BauerlyTrusteeGift of Units for FundNo$207,940
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 35% controlled entity
No
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
2020-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Varilek
Formed
1986
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
33
Volunteers
274

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:

“The foundation follows fasb asc topic 740, uncertainty in income taxes. The foundation is recognized by the internal revenue service as a not-for-profit organization under irs code section 501(c)(3). Due to the not-for-profit nature and provision of the foundation, all income and expenses attributable to the mission of the foundation are tax exempt and accordingly no provision or liability for income taxes have been made in the financial statements and contributions to the foundation are tax deductible to donors as allowed by irs regulations. However, the foundation is required to pay state and federal income taxes on unrelated business income. If the foundation were to engage in any activities that resulted in unrelated business income, a tax would be assessed on that activity. The foundation is subject to unrelated business income tax with respect to advertising income and investment in partnerships. The foundation is open and subject to examination generally for three years after the filing date.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising expenses reported under income -39,322.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses reported under income 39,322.”

Raw XML AppendixShowing 400 of 1,838 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/GrossAmountSalesAssetsGrp/OtherAmt013204
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt018775116
IRS990/GrossReceiptsAmt026385549
IRS990/GrossRentsGrp/RealAmt05640
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt021106
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt059294
IRS990/InformationTechnologyGrp/ProgramServicesAmt0113062
IRS990/InformationTechnologyGrp/TotalAmt0193462
IRS990/InsuranceGrp/FundraisingAmt02042
IRS990/InsuranceGrp/ManagementAndGeneralAmt05068
IRS990/InsuranceGrp/ProgramServicesAmt08359
IRS990/InsuranceGrp/TotalAmt015469
IRS990/InterestGrp/ProgramServicesAmt034044
IRS990/InterestGrp/TotalAmt034044
IRS990/InvestmentIncomeGrp/ExclusionAmt01579228
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01579228
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04845508
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05998214
IRS990/InvestmentsPubTradedSecGrp/BOYAmt051072608
IRS990/InvestmentsPubTradedSecGrp/EOYAmt060598116
IRS990/IRPDocumentCnt049
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01318288
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01725088
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01699121
IRS990/LandBldgEquipCostOrOtherBssAmt03017409
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt016055002
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt011075
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO EMPOWER PEOPLE TO BUILD THRIVING COMMUNITIES AND A VIBRANT REGION ACROSS CENTRAL MINNESOTA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01237075
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01116197
IRS990/NetAssetsOrFundBalancesBOYAmt064233202
IRS990/NetAssetsOrFundBalancesEOYAmt076309434
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02733318
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02733318
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt058027
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt058027
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt05640
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05640
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt07015562
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt033341962
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt041583518
IRS990/NoncashContributionsAmt09788
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt011751
IRS990/OccupancyGrp/ManagementAndGeneralAmt029163
IRS990/OccupancyGrp/ProgramServicesAmt051525
IRS990/OccupancyGrp/TotalAmt092439
IRS990/OfficeExpensesGrp/FundraisingAmt015130
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021480
IRS990/OfficeExpensesGrp/ProgramServicesAmt044238
IRS990/OfficeExpensesGrp/TotalAmt080848
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt038719
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt085236
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0159567
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0283522
IRS990/OtherExpensesGrp/Desc0ALL OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1IQ MAG/ANNUAL REPORT
IRS990/OtherExpensesGrp/Desc2EVENT EXPENSE
IRS990/OtherExpensesGrp/Desc3BAD DEBTS DEOBLIGATIONS
IRS990/OtherExpensesGrp/FundraisingAmt08800
IRS990/OtherExpensesGrp/FundraisingAmt1-306
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt047558
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17962
IRS990/OtherExpensesGrp/ProgramServicesAmt083112
IRS990/OtherExpensesGrp/ProgramServicesAmt180091
IRS990/OtherExpensesGrp/ProgramServicesAmt250089
IRS990/OtherExpensesGrp/ProgramServicesAmt3-380639
IRS990/OtherExpensesGrp/TotalAmt0139470
IRS990/OtherExpensesGrp/TotalAmt188053
IRS990/OtherExpensesGrp/TotalAmt250089
IRS990/OtherExpensesGrp/TotalAmt3-380945
IRS990/OtherRevenueMiscGrp/BusinessCd0541860
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0ADVERTISING
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt08055
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt049938
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18055
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt049938
IRS990/OtherRevenueTotalAmt057993
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0218967
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0431545
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0873395
IRS990/OtherSalariesAndWagesGrp/TotalAmt01523907
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09239986
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08522966
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt018580
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040909
IRS990/PayrollTaxesGrp/ProgramServicesAmt068065
IRS990/PayrollTaxesGrp/TotalAmt0127554
IRS990/PensionPlanContributionsGrp/FundraisingAmt08591
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019198
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt036184
IRS990/PensionPlanContributionsGrp/TotalAmt063973
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01607756
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01052203
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt077407
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047260
IRS990/PrincipalOfficerNm0MATT VARILEK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0REVOLVING LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1LOAN ADMIN FEE
IRS990/ProgramServiceRevenueGrp/Desc2EVENTS AND WORKSHOP REGISTRATIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0606038

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$81,789,533
Liabilities
$5,480,099
Net assets
$76,309,434
Revenue
$10,291,225
Expenses
$5,230,555
Net income
$5,060,670
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
Peer Organizations

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