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Federal ID# 411556013

Northwest Minnesota Foundation

    • Northwest Minnesota Initiative Fund

General Information

Organization Type CHARITY
Contact Person Shannon Jesme
Address 201 Third Street Northwest, Bemidji, MN 56601
Phone Number (218) 759-2057
Purpose or Description To increase economic growth and business development to ensure regional economic diversity and stability.
Status Active
Extension None

Financial Information

For Fiscal Year Ending 6/30/2024

INCOME
Direct Public Support$3,576,359
Government Grants+ $6,662,795
Other Revenue+ $2,763,829
Total Revenue$13,002,983
EXPENSES
Amount Spent for Program or Charitable Purposes$9,936,933
Management/General Expense+ $1,625,420
Fundraising Expense+ $1,149,349
Total Expenses$12,711,702

Excess/Deficit
Total Revenue$13,002,983
Total Expenses- $12,711,702
Excess/Deficit$291,281
End of Year Fund Bal/Net Worth
Total Assets$103,397,318
Total Liabilities- $6,609,681
End of Year Fund Bal/Net Worth$96,787,637

Financial Information for Prior Years

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