INITIATIVE FOUNDATION
INITIATIVE FOUNDATION
LITTLE FALLS, MN, US
•
501(c)(3)
•
EIN
36-3451562
•
•
•
DAF Sponsor
Community Foundation
Regional Funder
INITIATIVE FOUNDATION
LITTLE FALLS, MN, US
•
501(c)(3)
•
EIN
36-3451562
•
•
•
DAF Sponsor
Community Foundation
Regional Funder
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$114,684,187
Investments
80%
Receivables (Non-Related)
11%
Cash & Equivalents
7%
Property, Plant, & Equipment (net)
1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
<1%
Inventories
0%
Liabilities in 2024 (Year End)
$8,768,053
Custodial & Escrow Liabilities
32%
Deferred Revenue
22%
Notes Payable / Debt (Non-Related)
20%
Other Liabilities
17%
Payables & Accruals
6%
Grants Payable
3%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,398,803
$8,055,469
-23%
Receivables (Non-Related)
$13,328,923
$12,586,587
-6%
Related-Party Receivables
$85,628
$75,717
-12%
Inventories
-
-
-
Prepaid Expenses
$168,739
$212,248
+26%
Investments
$82,875,863
$91,852,873
+11%
Property, Plant, & Equipment (net)
$1,655,203
$1,602,723
-3%
Other Assets
$495,000
$298,570
-40%
Total Assets
$109,008,159
$114,684,187
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$486,848
$556,242
+14%
Grants Payable
$1,175,407
$262,966
-78%
Deferred Revenue
$3,155,428
$1,960,901
-38%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$2,162,694
$2,797,877
+29%
Notes Payable / Debt (Non-Related)
$1,468,822
$1,720,248
+17%
Related-Party Payables
-
-
-
Other Liabilities
-
$1,469,819
-
Total Liabilities
$8,449,199
$8,768,053
+4%
Net assets
2023
2024
Change
Restricted Net Assets
$46,072,254
$48,015,027
+4%
Unrestricted Net Assets
$54,486,706
$57,901,107
+6%
Net assets
2023
2024
Change
Net assets
+$100,558,960
+$105,916,134
+5%
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