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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
Overview
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990s
Income Statement
Balance Sheet
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Grants Received
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Income Statement
Fiscal Year Start:
Jul 1
Revenues in
2024
$8,360,704
Contributions
50%
Government Grants
24%
Investments
19%
Other
5%
Program Services
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in
2024
$6,906,181
Grants
46%
Salaries & Benefits
26%
Other
13%
Fees to Service Providers
11%
Advertising & Promotion
2%
Offices, Occupancy & IT
1%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,873,728
$4,149,746
+7%
Government Grants
$900,082
$1,980,622
+120%
Fundraising Events
$5,743
$115
-98%
Program Services
$183,507
$199,701
+9%
Membership Dues
$0
$0
-
Investments
$1,574,737
$1,580,981
+0%
Other
-$660,897
$449,539
-168%
Total Revenues
$5,876,900
$8,360,704
+42%
Expenses
2023
2024
Change
Grants
$3,006,165
$3,163,893
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,042,467
$1,793,547
-12%
Fees to Service Providers
$658,185
$780,906
+19%
Advertising & Promotion
$140,046
$116,278
-17%
Offices, Occupancy & IT
$94,197
$98,345
+4%
Interest
$8,710
$9,941
+14%
Depreciation
$33,802
$38,058
+13%
Other
$503,808
$905,213
+80%
Total Expenses
$6,487,380
$6,906,181
+6%
Net income
2023
2024
Change
Net income
-$610,480
+$1,454,523
-338%
Functional Expenses
Summary
2023
2024
Change
Program
$5,467,476
$5,953,128
+9%
Admin
$775,181
$675,040
-13%
Fundraising
$244,723
$278,013
+14%
Total Expenses
$6,487,380
$6,906,181
+6%
Income Statement
