NonprofitsNorthwest Minnesota Community Impact Corporation

Community Improvement & Capacity Building

Northwest Minnesota Community Impact Corporation

BEMIDJI, MN

Total revenue

$9K

Total expenses

$84K

Net assets

$389K

Grants received

EIN

922203589

Tax year

2023

Mission

Nmcic's mission is to provide capital for community revitalization.the northwest minnesota community impact corporation was formed to expand northwest minnesota foundation's mission in building better lives for everyone in the northwest minnesota region. The nmcic allows for financing and expertise to better serve the communities and individuals who have been historically underserved. The nmcic supports a more purposeful approach in the communities and populations that have had difficult time accessing funding and continue supporting community revitalization. Since 1996, the northwest minnesota foundation has been a certified cdfi, a community development financial institution, through the u.s. Department of the treasury. The program provides financing intended to support community revitalization. The creation of the nmcic allows the organization to continue our work as a cdfi with a different approach.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$5K
Investment income$4K
Other revenue
Total revenue$9K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$84K
Total expenses$84K
Total assets$505K
Net assets$389K

People

14 listed

NameRoleCompensation

KAREN WHITE

PRESIDENT

Board

1 hrs/wk

DEB ZAK

CHAIR

Board

1 hrs/wk

JASON CARLSON

VICE CHAIR

Board

1 hrs/wk

TODD BECKEL

TREASURER

Board

1 hrs/wk

CHERI GUNVALSON

SECRETARY

Board

1 hrs/wk

ANTONIO FRANKLIN

DIRECTOR (THRU 7/23)

Board

1 hrs/wk

KAITLYN GRENIER

DIRECTOR

Board

1 hrs/wk

JILL JOHNSON

DIRECTOR

Board

1 hrs/wk

MIKE LAROQUE

DIRECTOR

Board

1 hrs/wk

CONNIE LINDSTROM

DIRECTOR

Board

1 hrs/wk

MICHELLE PAQUIN

DIRECTOR

Board

1 hrs/wk

BRUCE REEVES

DIRECTOR

Board

1 hrs/wk

JACK SWANSON

DIRECTOR

Board

1 hrs/wk

KRISTI THORFINNSON

DIRECTOR

Board

1 hrs/wk

Details

EIN922203589
NTEE codeS43
Subsection03
Ruling date2023-12
Formed2023
Employees0
Volunteers20
NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION — Mission, Financials & Grants Received | Grantivo