Logo for "INITIATIVE FOUNDATION"

INITIATIVE FOUNDATION

INITIATIVE FOUNDATION

LITTLE FALLS, MN, US
•
501(c)(3)
•
EIN
36-3451562
•
WWW.IFOUND.ORG
•
•
DAF Sponsor
Community Foundation
Regional Funder
Logo for "INITIATIVE FOUNDATION"

INITIATIVE FOUNDATION

LITTLE FALLS, MN, US
•
501(c)(3)
•
EIN
36-3451562
•
WWW.IFOUND.ORG
•
•
DAF Sponsor
Community Foundation
Regional Funder
Overview
Programs
990s
Income Statement
Balance Sheet
How to Apply
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Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$15,215,240

Contributions
38%
Government Grants
29%
Investments
16%
Other
9%
Program Services
8%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024

$15,713,243

Grants
64%
Salaries & Benefits
20%
Fees to Service Providers
7%
Other
4%
Offices, Occupancy & IT
4%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,785,266
$5,769,054
+52%
Government Grants
$3,274,937
$4,428,207
+35%
Fundraising Events
$111,243
$92,532
-17%
Program Services
$804,000
$1,143,410
+42%
Membership Dues
$0
$0
-
Investments
$2,073,401
$2,373,226
+14%
Other
-$16,944
$1,408,811
-8415%
Total Revenues
$10,031,903
$15,215,240
+52%
Expenses
2023
2024
Change
Grants
$4,292,882
$9,989,131
+133%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,880,051
$3,179,522
+10%
Fees to Service Providers
$955,554
$1,178,180
+23%
Advertising & Promotion
$48,959
$39,342
-20%
Offices, Occupancy & IT
$529,796
$566,322
+7%
Interest
$30,044
$17,253
-43%
Depreciation
$69,619
$54,189
-22%
Other
$555,271
$689,304
+24%
Total Expenses
$9,362,176
$15,713,243
+68%
Net income
2023
2024
Change
Net income
+$669,727
-$498,003
-174%
Functional Expenses
Summary
2023
2024
Change
Program
$7,187,731
$13,566,929
+89%
Admin
$1,640,050
$1,440,811
-12%
Fundraising
$534,395
$705,503
+32%
Total Expenses
$9,362,176
$15,713,243
+68%
Income Statement
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