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SOUTHERN MINNESOTA INITIATIVE FOUNDATION
SOUTHERN MINNESOTA INITIATIVE FOUNDATION
OWATONNA, MN, US
•
501(c)(3)
•
EIN
36-3454285
•
WWW.SMIFOUNDATION.ORG
•
DAF Sponsor
Regional Funder
SOUTHERN MINNESOTA INITIATIVE FOUNDATION
OWATONNA, MN, US
•
501(c)(3)
•
EIN
36-3454285
•
WWW.SMIFOUNDATION.ORG
•
DAF Sponsor
Regional Funder
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Balance Sheet
Fiscal Year Start:
Jul 1
Assets in
2024
(Year End)
$75,903,981
Investments
90%
Receivables (Non-Related)
5%
Cash & Equivalents
4%
Property, Plant, & Equipment (net)
<1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in
2024
(Year End)
$9,058,949
Other Liabilities
67%
Notes Payable / Debt (Non-Related)
19%
Deferred Revenue
12%
Payables & Accruals
1%
Grants Payable
<1%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,412,240
$3,174,951
-28%
Receivables (Non-Related)
$3,900,510
$4,134,613
+6%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$64,779
$54,803
-15%
Investments
$60,927,082
$68,000,843
+12%
Property, Plant, & Equipment (net)
$424,901
$463,359
+9%
Other Assets
$16,089
$75,412
+369%
Total Assets
$69,745,601
$75,903,981
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$199,510
$135,121
-32%
Grants Payable
$10,000
$8,202
-18%
Deferred Revenue
$1,266,396
$1,126,549
-11%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,620,881
$1,701,883
+5%
Related-Party Payables
-
-
-
Other Liabilities
$5,663,782
$6,087,194
+7%
Total Liabilities
$8,760,569
$9,058,949
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$37,503,163
$39,581,610
+6%
Unrestricted Net Assets
$23,481,869
$27,263,422
+16%
Net assets
2023
2024
Change
Net assets
+$60,985,032
+$66,845,032
+10%
Balance Sheet
