NonprofitsSouthern Minnesota Initiative Foundation

Community Improvement & Capacity Building

Southern Minnesota Initiative Foundation

OWATONNA, MN

Total revenue

$8.4M

Total expenses

$6.9M

Net assets

$66.8M

Grants received

$14.4M

93 grants

EIN

363454285

Tax year

2023

Mission

Invests for economic growth in the 20 counties of south central and southeastern minnesota.

Programs

2 programs

Southern minnesota initiative foundation provides grants, educational resources and technical assistance to local governments, community partnerships and nonprofit organizations in early childhood education. The early childhood program provides resources that strengthen early childhood efforts so that young children will have a healthy life of learning, achieving and succeeding.

Expenses: $3.1MGrants: $2.2M

Southern minnesota initiative foundation administers the americorps-southern minnesota grant focusing on early childhood. Supported americorps members serve in non-profits and schools throughout the 20 county area working with preschool children on early literacy, social-emotional, and school readiness support.

Expenses: $19K

Financials

FY 2023

Revenue

Contributions & grants$6.1M
Program service revenue$200K
Investment income$2.0M
Other revenue$67
Total revenue$8.4M

Expenses

Grants paid$3.2M
Salaries & benefits$1.8M
Fundraising$278K
Other expenses$1.9M
Total expenses$6.9M
Total assets$75.9M
Net assets$66.8M

People

19 listed

NameRoleCompensation

TIMOTHY PENNY

PRESIDENT/CEO

Board

$164K

40 hrs/wk

BRIAN CONZEMIUS

VICE PRESIDENT/CFO

Board

$131K

40 hrs/wk

ERIN MEIER

VICE CHAIR

Board

2 hrs/wk

ERIN BAILEY

MEMBER AT LARGE

Board

2 hrs/wk

BOB MANN

MEMBER AT LARGE

Board

2 hrs/wk

IAN BENTS

MEMBER AT LARGE

Board

2 hrs/wk

MATT COY

MEMBER AT LARGE

Board

2 hrs/wk

BRAD HOINESS

MEMBER AT LARGE

Board

2 hrs/wk

IBRAHIM HUSSEIN

MEMBER AT LARGE

Board

2 hrs/wk

HEATHER MILLARD

MEMBER AT LARGE

Board

2 hrs/wk

ANGEL URIBE

MEMBER AT LARGE

Board

2 hrs/wk

XAVIER FRIGOLA

DIRECTOR

Board

2 hrs/wk

MATT GOLDADE

DIRECTOR

Board

2 hrs/wk

JAMILA IBRAHIM

DIRECTOR

Board

2 hrs/wk

JAKE ANDERSON

TREASURER

Board

2 hrs/wk

CHRIS SCHAD

SECRETERY

Board

2 hrs/wk

SHAWN VOGT SWEEN

CHAIR

Board

2 hrs/wk

RAE JEAN HANSEN

VP OF EARLY CHILDHOOD

Staff

$115K

40 hrs/wk

PAMELA BISHOP

VP OF ECONOMIC DEVELOPMENT

Staff

$108K

40 hrs/wk

Grants received

Showing 93 of 93

FromAmountPurposeYear
$500K
for general operating support
2024
$480K
DONOR ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
2024
$380K
GENERAL SUPPORT
2024
$320K
General Operations
2024
$236K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2024
$122K
GENERAL SUPPORT
2024
$106K
SUPPORT CHARITABLE PURPOSE
2024
$50K
RURAL VOICE
2024
$30K
HOUSING STABILITY
2024
$12K
COMMUNITY DEVELOPMENT
2024
$12K
COMMUNITY DEVELOPMENT
2024
$10K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2024
$10K
DONOR ADVISED, GENERAL
2024
$5K
UNRESTRICTED GENERAL SUPPORT
2024
$5K
Prosperity Initiative fund
2024
$5K
General & Unrestricted
2024
$3K
General & Unrestricted
2024
$1K
PUBLIC ASSISTANCE
2024
$229K
GENERAL SUPPORT
2023
$200K
DONOR-ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
2023
$101K
MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES
2023
$50K
RURAL VOICE
2023
$12K
For grant recipient's exempt purposes
2023
$10K
TO SUPPORT THE MINNESOTA PUBLIC RADIO "RURAL VOICES" FORUM ON MENTAL HEALTH AND SOCIAL ISOLATION, OCTOBER 4, 2023
2023
$10K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2023
$9K
COMMUNITY SUPPORT
2023
$7K
Support of the Organization
2023
$6K
PUBLIC, SOCIETAL BENEFIT
2023
$5K
General Endowment Fund
2023
$5K
UNRESTRICTED GENERAL SUPPORT
2023
$3K
General & Unrestricted
2023
$2K
General & Unrestricted
2023
$1K
PUBLIC ASSISTANCE
2023
$1M
For general operating support
2022
$505K
For grant recipient's exempt purposes
2022
$480K
SOUTHERN MINNESOTA INITIATIVE FOUNDATION BELONGING, ANTI-HATE, AND ANTI-RACISM
2022
$200K
To build upon their current commitment to economic growth for BIPOC-led and BIPOC-serving organizations and help amplify their capacity and reach to support more of these organizations
2022
$130K
To support nonprofit intermediaries re-granting public dollars
2022
$109K
AMERICORPS PROGRAM
2022
$25K
SUPPORT CHARITABLE PURPOSE
2022
$23K
GENERAL SUPPORT
2022
$10K
TO SUPPORT A GATHERING OF KEY PERSPECTIVES AND LIFT UP OPPORTUNITIES AND CHALLENGES ACROSS GREATER MINNESOTA IN COLLABORATION WITH KERIE MILLER OF MINNESOTA PUBLIC RADO.
2022
$9K
COMMUNITY SUPPORT
2022
$7K
CHARITABLE PURPOSE
2022
$6K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2022
$5K
UNRESTRICTED GENERAL SUPPORT
2022
$2K
General & Unrestricted
2022
$1K
PUBLIC ASSISTANCE
2022
$1K
PUBLIC ASSISTANCE
2022
$539K
For grant recipient's exempt purposes
2021
$539K
For grant recipient's exempt purposes
2021
$154K
AMERICORPS PROGRAM
2021
$106K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2021
$75K
EARLY CHILDHOOD DEVELOPMENT
2021
$50K
GRANT - GENERAL
2021
$10K
PUBLIC, SOCIETAL BENEFIT
2021
$1.5M
For general operating support
2020
$1.5M
For general operating support
2020
$1.5M
For general operating support
2020
$1.5M
For general operating support
2020
$305K
MULTIPLE PURPOSES
2020
$189K
AMERICORPS PROGRAM
2020
$100K
EARLY CHILDHOOD TRAINING & TECHNICAL ASSISTANCE
2020
$100K
COMMITTED IN 2019 - HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT
2020
$50K
GREENSEAM
2020
$27K
PUBLIC, SOCIETAL BENEFIT
2020
$25K
PROJECT SUPPORT FOR COVID-19 RESPONSE FUND IN RURAL MINNESOTA
2020
$12K
For grant recipient's exempt purposes
2020
$11K
GENERAL OPERATING EXPENSES
2020
$5K
UNRESTRICTED GENERAL SUPPORT
2020
$1K
MEMBER CO-OP MATCHES
2020
$1K
PUBLIC ASSISTANCE
2020
$172K
AMERICORPS PROGRAM
2019
$25K
TO SUPPORT COVID-19 RESPONSE
2019
$9K
For grant recipient's exempt purposes
2019
$8K
PUBLIC, SOCIETAL BENEFIT
2019
$21K
CHILDCARE
2018
$20K
GENERAL OPERATING SUPPORT
2018
$15K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2018
$203K
AMERICORPS PROGRAM
2017
$16K
CHILDCARE
2017
$5K
WHERE MOST NEEDED
2017
$5K
PROMOTE CHILDREN'S' INITIATIVES IN SO MN
2017

Funded by

$14.4M from 37 funders · 93 grants · 2017–2024

The McKnight Foundation

$7.7M · 7 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$1.6M · 6 grants · 2019–2023

Serveminnesota

$827K · 5 grants · 2017–2022

Saint Paul & Minnesota Foundation

$753K · 5 grants · 2020–2024

The Minneapolis Foundation

$695K · 4 grants · 2017–2024

Southwest Initiative Foundation

$480K · 1 grant · 2022

Bevcomm Foundation

$380K · 1 grant · 2024

Granite Charitable

$373K · 3 grants · 2022–2024

Details

EIN363454285
NTEE codeS300
Subsection03
Ruling date1986-08
Formed1986
Employees24
Volunteers15
SOUTHERN MINNESOTA INITIATIVE FOUNDATION — Mission, Financials & Grants Received | Grantivo