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Federal ID# 363454285

Southern Minnesota Initiative Foundation

    • Southeastern Minnesota Initiative Fund
    • The Initiative Fund Of Se And South Central Minnesota

General Information

Organization Type CHARITY
Contact Person Brian Conzemius
Address 525 Florence Avenue, Owatonna, MN 55060-4701
Phone Number (507) 455-3215
Purpose or Description To encourage and empower citizens to creatively respond to needs and opportunities in order to improve the quality of life for people in the 20 county region
Status Active
Extension None

Financial Information

For Fiscal Year Ending 6/30/2025

INCOME
Direct Public Support$4,440,406
Government Grants+ $2,033,094
Other Revenue+ $4,525,837
Total Revenue$10,999,337
EXPENSES
Amount Spent for Program or Charitable Purposes$6,995,537
Management/General Expense+ $927,465
Fundraising Expense+ $295,108
Total Expenses$8,218,110

Excess/Deficit
Total Revenue$10,999,337
Total Expenses- $8,218,110
Excess/Deficit$2,781,227
End of Year Fund Bal/Net Worth
Total Assets$80,878,325
Total Liabilities- $9,024,009
End of Year Fund Bal/Net Worth$71,854,316

Financial Information for Prior Years

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