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SOUTHWEST INITIATIVE FOUNDATION

SOUTHWEST INITIATIVE FOUNDATION

HUTCHINSON, MN, US
•
501(c)(3)
•
EIN
41-1555592
•
WWW.SWIFOUNDATION.ORG
•
DAF Sponsor
Community Foundation
Regional Funder
funder logo

SOUTHWEST INITIATIVE FOUNDATION

HUTCHINSON, MN, US
•
501(c)(3)
•
EIN
41-1555592
•
WWW.SWIFOUNDATION.ORG
•
DAF Sponsor
Community Foundation
Regional Funder
Overview
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Income Statement
Balance Sheet
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Balance Sheet

Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)

$114,617,884

Investments
85%
Receivables (Non-Related)
13%
Property, Plant, & Equipment (net)
2%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)

$9,939,559

Other Liabilities
38%
Custodial & Escrow Liabilities
20%
Grants Payable
20%
Notes Payable / Debt (Non-Related)
11%
Payables & Accruals
6%
Deferred Revenue
5%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,519,645
$884,023
-42%
Receivables (Non-Related)
$11,966,768
$14,454,262
+21%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$75,749
$111,403
+47%
Investments
$92,187,492
$96,872,114
+5%
Property, Plant, & Equipment (net)
$2,351,218
$2,190,486
-7%
Other Assets
$74,787
$105,596
+41%
Total Assets
$108,175,659
$114,617,884
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$521,517
$592,317
+14%
Grants Payable
$2,488,217
$1,976,278
-21%
Deferred Revenue
$714,970
$488,568
-32%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$1,796,720
$2,007,182
+12%
Notes Payable / Debt (Non-Related)
$1,239,321
$1,121,564
-10%
Related-Party Payables
-
-
-
Other Liabilities
$3,841,115
$3,753,650
-2%
Total Liabilities
$10,601,860
$9,939,559
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$66,214,551
$69,758,925
+5%
Unrestricted Net Assets
$31,359,248
$34,919,400
+11%
Net assets
2023
2024
Change
Net assets
+$97,573,799
+$104,678,325
+7%
Balance Sheet
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