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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
Programs
990s
Income Statement
Balance Sheet
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Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$11,617,544

Contributions
52%
Investments
39%
Program Services
5%
Government Grants
3%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$10,063,990

Grants
49%
Salaries & Benefits
22%
Other
14%
Fees to Service Providers
8%
Offices, Occupancy & IT
5%
Depreciation
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,417,633
$6,074,740
-42%
Government Grants
$487,679
$400,307
-18%
Fundraising Events
$0
$0
-
Program Services
$671,974
$539,606
-20%
Membership Dues
$0
$0
-
Investments
$2,733,989
$4,511,302
+65%
Other
-$1,038,797
$91,589
-109%
Total Revenues
$13,272,478
$11,617,544
-12%
Expenses
2023
2024
Change
Grants
$5,333,725
$4,883,898
-8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,323,485
$2,180,473
-6%
Fees to Service Providers
$741,163
$812,473
+10%
Advertising & Promotion
$58,714
$40,731
-31%
Offices, Occupancy & IT
$502,483
$492,812
-2%
Interest
$55,958
$26,880
-52%
Depreciation
$201,269
$184,148
-9%
Other
$1,119,302
$1,442,575
+29%
Total Expenses
$10,336,099
$10,063,990
-3%
Net income
2023
2024
Change
Net income
+$2,936,379
+$1,553,554
-47%
Functional Expenses
Summary
2023
2024
Change
Program
$8,474,446
$8,240,567
-3%
Admin
$1,211,827
$1,401,082
+16%
Fundraising
$649,826
$422,341
-35%
Total Expenses
$10,336,099
$10,063,990
-3%
Income Statement
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