Civic Intelligence

Southern Minnesota Initiative Foundation

990T • Fiscal year 2023 • EIN 36-3454285

Jul 01, 2022 to Jun 30, 2023 • Filed on May 06, 2024

Organization ProfileWWW.SMIFOUNDATION.ORG

View Organization Page

525 Florence AveOwatonna, MN 55060

(507) 455-3215

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Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

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No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

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No earlier filing loaded for comparison.

Net Income

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No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2012: $36,995,607Liabilities 2012: $2,576,053Net Assets 2012: $34,419,5542012Assets 2013: $39,952,173Liabilities 2013: $2,782,158Net Assets 2013: $37,170,0152013Assets 2014: $44,003,189Liabilities 2014: $3,041,155Net Assets 2014: $40,962,0342014Assets 2015: $44,475,291Liabilities 2015: $4,310,510Net Assets 2015: $40,164,7812015Assets 2016: $43,744,900Liabilities 2016: $3,671,874Net Assets 2016: $40,073,0262016Assets 2017: $48,959,519Liabilities 2017: $3,466,931Net Assets 2017: $45,492,5882017Assets 2018: $56,088,355Liabilities 2018: $7,326,251Net Assets 2018: $48,762,1042018Assets 2019: $56,553,709Liabilities 2019: $6,485,642Net Assets 2019: $50,068,0672019Assets 2020: $60,294,730Liabilities 2020: $10,031,699Net Assets 2020: $50,263,0312020Assets 2021: $74,043,196Liabilities 2021: $11,582,756Net Assets 2021: $62,460,4402021Assets 2022: $67,371,961Liabilities 2022: $9,809,939Net Assets 2022: $57,562,0222022Assets 2023: $69,745,601Liabilities 2023: $8,760,569Net Assets 2023: $60,985,0322023Assets 2024: $75,903,981Liabilities 2024: $9,058,949Net Assets 2024: $66,845,0322024

Latest loaded filing

2024

Assets$75,903,981
Liabilities$9,058,949
Net Assets$66,845,032
Open 2024 Filing

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2012: $3,552,6702012Expenses 2013: $4,101,7322013Revenue 2014: $5,352,098Expenses 2014: $3,810,282Net Income 2014: $1,541,8162014Revenue 2015: $4,418,168Expenses 2015: $4,039,697Net Income 2015: $378,4712015Revenue 2016: $5,792,854Expenses 2016: $4,172,164Net Income 2016: $1,620,6902016Revenue 2017: $7,938,479Expenses 2017: $4,891,201Net Income 2017: $3,047,2782017Revenue 2018: $8,587,215Expenses 2018: $4,583,965Net Income 2018: $4,003,2502018Revenue 2019: $9,450,833Expenses 2019: $5,283,087Net Income 2019: $4,167,7462019Revenue 2020: $2,947,582Expenses 2020: $5,158,273Net Income 2020: -$2,210,6912020Revenue 2021: $20,001,758Expenses 2021: $15,336,325Net Income 2021: $4,665,4332021Revenue 2022: $22,164,085Expenses 2022: $16,755,144Net Income 2022: $5,408,9412022Revenue 2023: $5,876,900Expenses 2023: $6,487,380Net Income 2023: -$610,4802023Revenue 2024: $8,360,704Expenses 2024: $6,906,181Net Income 2024: $1,454,5232024

Latest loaded filing

2024

Revenue$8,360,704
Expenses$6,906,181
Net Income$1,454,523
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 6, 2024
Return Version
2022v7.0
Mission and Program Overview

Mission

Promotes regional economic opportunities and collaborations with a focus on entrepreneurs and early childhood development, by providing grants, loans and technical assistance to nonprofits, government agencies and businesses.

Filing and Contact Details

Filer

Filer Name
Southern Minnesota Initiative Foundation
EIN
36-3454285
Phone
5074553215
Address
525 FLORENCE AVE, OWATONNA, MN 55060

Signing Officer

Name
Brian Conzemius
Title
Vice President/CFO
Phone
5074553215
Signed
2024-05-06
Discuss with paid preparer
Yes

Preparer

Firm
Rsm US Llp
Address
227 WEST FIRST STREET SUITE 700, DULUTH, MN 55802
Preparer
Julie Boyer
Phone
2187275025
Raw XML Appendix86 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.

Path#Value
IRS990T/BooksInCareOfDetail/PersonNm0BRIAN CONZEMIUS
IRS990T/BooksInCareOfDetail/PhoneNum05074553215
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt0525 FLORENCE AVE
IRS990T/BooksInCareOfDetail/USAddress/CityNm0OWATONNA
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd055060
IRS990T/BookValueAssetsEOYAmt069745601
IRS990T/ChangeInMethodOfAccountingInd00
IRS990T/CharitableContributionsDedAmt00
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IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990T/PaidTaxLiabilityAmt00
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IRS990TScheduleA/TotalDividendsReceivedDedAmt00
IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt00
IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt00
IRS990TScheduleA/TotalInvestmentIncomeAmt00
IRS990TScheduleA/TotalPrtshpSCorpIncomeAmt0-10947
IRS990TScheduleA/TotalRentDeductionsAmt00
IRS990TScheduleA/TotalRentIncomeAmt00
IRS990TScheduleA/TotalUnrelatedBusinessCompAmt00
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IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt0-10947
IRS990TScheduleA/TotUnrltTrdBusIncmAmt0-10947
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt00
IRS990TScheduleA/TradeOrBusinessDesc0QUALIFYING INVESTMENT ACTIVITIES
IRS990TScheduleA/UBIBeforeNOLDedAmt0-10947
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt0-10947
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IRS990T/TotalDeductionAmt01000
IRS990T/TotalTaxAmt00
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IRS990T/TotalUBTIAmt00
IRS990T/TotalUBTIComputedAmt00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN CONZEMIUS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT/CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum05074553215
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN MINNESOTA INITIATIVE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0363454285
ReturnHeader/Filer/PhoneNum05074553215
ReturnHeader/Filer/USAddress/AddressLine1Txt0525 FLORENCE AVE
ReturnHeader/Filer/USAddress/CityNm0OWATONNA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055060
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0227 WEST FIRST STREET SUITE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DULUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055802
ReturnHeader/PreparerPersonGrp/PhoneNum02187275025
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE BOYER
ReturnHeader/ReturnTs02024-05-08T08:42:06-05:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRIAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CONZEMIUS
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
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Liabilities
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Net assets
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Revenue
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Expenses
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Net income
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Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$75.9$9.06$66.8$8.36$6.91$1.45
2023Detailed filing. Detailed filing data is available for this year.$69.7$8.76$61.0$5.88$6.49$0.61
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.
2022Detailed filing. Detailed filing data is available for this year.$67.4$9.81$57.6$22.2$16.8$5.41
2021Detailed filing. Detailed filing data is available for this year.$74.0$11.6$62.5$20.0$15.3$4.67
2020Detailed filing. Detailed filing data is available for this year.$60.3$10.0$50.3$2.95$5.16$2.21
2019Detailed filing. Detailed filing data is available for this year.$56.6$6.49$50.1$9.45$5.28$4.17
2018Detailed filing. Detailed filing data is available for this year.$56.1$7.33$48.8$8.59$4.58$4.00
2017Detailed filing. Detailed filing data is available for this year.$49.0$3.47$45.5$7.94$4.89$3.05
2016Detailed filing. Detailed filing data is available for this year.$43.7$3.67$40.1$5.79$4.17$1.62
2015Detailed filing. Detailed filing data is available for this year.$44.5$4.31$40.2$4.42$4.04$0.38
2014Detailed filing. Detailed filing data is available for this year.$44.0$3.04$41.0$5.35$3.81$1.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.0$2.78$37.2$4.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.0$2.58$34.4$3.55