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Employer Identification Number 36-3451562

INITIATIVE FOUNDATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:INITIATIVE FOUNDATION
Employer identification number (EIN):36-3451562
EIN Issuing AuthorityCincinnati, OH
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations
401k Pension/Benefits registration INITIATIVE FOUNDATION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO EMPOWER PEOPLE TO BUILD THRIVING COMMUNITIES AND A VIBRANT REGION ACROSS CENTRAL MINNESOTA.
Number of Employees39
Number of Volunteers319
Year Formed1986

Organization Governance

Legal DomicileMN
Voting Members - Governing Body12
Voting Members - Independent12

Organization Financials

2024-12-31
Total unrelated business incomeUSD $ 51,599
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 804,000
Program Service Revenue from current yearUSD $ 1,143,410
Investment Income from prior yearUSD $ 1,931,465
Investment Income from current yearUSD $ 3,681,994
Other Revenue from prior yearUSD $ 124,992
Other Revenue from current yearUSD $ 100,043
Gross receipts from all sourcesUSD $ 27,023,625
Net assets / fund balances at end of fiscal yearUSD $ 105,916,134
Net assets / fund balances at beginning of fiscal yearUSD $ 100,558,960
Total liabilities at end of fiscal yearUSD $ 8,768,053
Total liabilities at beginning of fiscal yearUSD $ 8,449,199
Total assets at end of fiscal yearUSD $ 114,684,187
Total assets at beginning of fiscal yearUSD $ 109,008,159
Revenues less expenses for current yearUSD $ -498,003
Revenues less expenses for previous yearUSD $ 669,727
Total expenses for current yearUSD $ 15,713,243
Total expenses for previous yearUSD $ 9,362,176
Other expenses in current yearUSD $ 2,544,590
Other expenses in previous yearUSD $ 2,189,243
Total fundraising expenses in current yearUSD $ 705,503
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,179,522
Employee salary and benefits paid in previous yearUSD $ 2,880,051
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 9,989,131
Grants and similar amounts paid in previous yearUSD $ 4,292,882
Total revenue in current fiscal yearUSD $ 15,215,240
Total revenue in previous fiscal yearUSD $ 10,031,903
Contributions and grants from current yearUSD $ 10,289,793
Contributions and grants from previous yearUSD $ 7,171,446
Gross income from fundraising eventsUSD $ 47,406
Total of other revenueUSD $ 83,642
2023-12-31
Total unrelated business incomeUSD $ 50,599
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 695,835
Program Service Revenue from current yearUSD $ 804,000
Investment Income from prior yearUSD $ 2,402,917
Investment Income from current yearUSD $ 1,931,465
Other Revenue from prior yearUSD $ 106,873
Other Revenue from current yearUSD $ 124,992
Gross receipts from all sourcesUSD $ 21,601,219
Net assets / fund balances at end of fiscal yearUSD $ 100,558,960
Net assets / fund balances at beginning of fiscal yearUSD $ 91,411,091
Total liabilities at end of fiscal yearUSD $ 8,449,199
Total liabilities at beginning of fiscal yearUSD $ 7,408,270
Total assets at end of fiscal yearUSD $ 109,008,159
Total assets at beginning of fiscal yearUSD $ 98,819,361
Revenues less expenses for current yearUSD $ 669,727
Revenues less expenses for previous yearUSD $ 2,569,666
Total expenses for current yearUSD $ 9,362,176
Total expenses for previous yearUSD $ 16,266,746
Other expenses in current yearUSD $ 2,189,243
Other expenses in previous yearUSD $ 1,928,234
Total fundraising expenses in current yearUSD $ 534,395
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,880,051
Employee salary and benefits paid in previous yearUSD $ 2,855,223
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 4,292,882
Grants and similar amounts paid in previous yearUSD $ 11,483,289
Total revenue in current fiscal yearUSD $ 10,031,903
Total revenue in previous fiscal yearUSD $ 18,836,412
Contributions and grants from current yearUSD $ 7,171,446
Contributions and grants from previous yearUSD $ 15,630,787
Gross income from fundraising eventsUSD $ 112,105
Total of other revenueUSD $ 79,509
2022-12-31
Total unrelated business incomeUSD $ 51,759
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 662,602
Program Service Revenue from current yearUSD $ 695,835
Investment Income from prior yearUSD $ 20,179,786
Investment Income from current yearUSD $ 2,402,917
Other Revenue from prior yearUSD $ 80,453
Other Revenue from current yearUSD $ 106,873
Gross receipts from all sourcesUSD $ 26,186,625
Net assets / fund balances at end of fiscal yearUSD $ 91,411,091
Net assets / fund balances at beginning of fiscal yearUSD $ 100,084,647
Total liabilities at end of fiscal yearUSD $ 7,408,270
Total liabilities at beginning of fiscal yearUSD $ 8,260,209
Total assets at end of fiscal yearUSD $ 98,819,361
Total assets at beginning of fiscal yearUSD $ 108,344,856
Revenues less expenses for current yearUSD $ 2,569,666
Revenues less expenses for previous yearUSD $ 21,445,282
Total expenses for current yearUSD $ 16,266,746
Total expenses for previous yearUSD $ 9,396,701
Other expenses in current yearUSD $ 1,928,234
Other expenses in previous yearUSD $ 1,403,128
Total fundraising expenses in current yearUSD $ 443,393
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,855,223
Employee salary and benefits paid in previous yearUSD $ 2,569,360
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 11,483,289
Grants and similar amounts paid in previous yearUSD $ 5,424,213
Total revenue in current fiscal yearUSD $ 18,836,412
Total revenue in previous fiscal yearUSD $ 30,841,983
Contributions and grants from current yearUSD $ 15,630,787
Contributions and grants from previous yearUSD $ 9,919,142
Gross income from fundraising eventsUSD $ 71,196
Total of other revenueUSD $ 68,864
2021-12-31
Total unrelated business incomeUSD $ 49,667
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 754,872
Program Service Revenue from current yearUSD $ 662,602
Investment Income from prior yearUSD $ 2,807,126
Investment Income from current yearUSD $ 20,179,786
Other Revenue from prior yearUSD $ 500,668
Other Revenue from current yearUSD $ 80,453
Gross receipts from all sourcesUSD $ 115,588,963
Net assets / fund balances at end of fiscal yearUSD $ 100,084,647
Net assets / fund balances at beginning of fiscal yearUSD $ 88,284,939
Total liabilities at end of fiscal yearUSD $ 8,260,209
Total liabilities at beginning of fiscal yearUSD $ 7,348,544
Total assets at end of fiscal yearUSD $ 108,344,856
Total assets at beginning of fiscal yearUSD $ 95,633,483
Revenues less expenses for current yearUSD $ 21,445,282
Revenues less expenses for previous yearUSD $ 6,435,110
Total expenses for current yearUSD $ 9,396,701
Total expenses for previous yearUSD $ 15,318,248
Other expenses in current yearUSD $ 1,403,128
Other expenses in previous yearUSD $ 1,599,945
Total fundraising expenses in current yearUSD $ 443,049
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,569,360
Employee salary and benefits paid in previous yearUSD $ 2,449,232
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 5,424,213
Grants and similar amounts paid in previous yearUSD $ 11,269,071
Total revenue in current fiscal yearUSD $ 30,841,983
Total revenue in previous fiscal yearUSD $ 21,753,358
Contributions and grants from current yearUSD $ 9,919,142
Contributions and grants from previous yearUSD $ 17,690,692
Gross income from fundraising eventsUSD $ 34,762
Revenue from membership duesUSD $ 1,100
Total of other revenueUSD $ 64,814
2020-12-31
Total unrelated business incomeUSD $ 47,054
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 658,981
Program Service Revenue from current yearUSD $ 754,872
Investment Income from prior yearUSD $ 4,312,546
Investment Income from current yearUSD $ 2,807,126
Other Revenue from prior yearUSD $ 121,660
Other Revenue from current yearUSD $ 500,668
Gross receipts from all sourcesUSD $ 37,081,653
Net assets / fund balances at end of fiscal yearUSD $ 88,284,939
Net assets / fund balances at beginning of fiscal yearUSD $ 76,309,434
Total liabilities at end of fiscal yearUSD $ 7,348,544
Total liabilities at beginning of fiscal yearUSD $ 5,480,099
Total assets at end of fiscal yearUSD $ 95,633,483
Total assets at beginning of fiscal yearUSD $ 81,789,533
Revenues less expenses for current yearUSD $ 6,435,110
Revenues less expenses for previous yearUSD $ 5,060,670
Total expenses for current yearUSD $ 15,318,248
Total expenses for previous yearUSD $ 5,230,555
Other expenses in current yearUSD $ 1,599,945
Other expenses in previous yearUSD $ 899,700
Total fundraising expenses in current yearUSD $ 455,709
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,449,232
Employee salary and benefits paid in previous yearUSD $ 2,346,947
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 11,269,071
Grants and similar amounts paid in previous yearUSD $ 1,983,908
Total revenue in current fiscal yearUSD $ 21,753,358
Total revenue in previous fiscal yearUSD $ 10,291,225
Contributions and grants from current yearUSD $ 17,690,692
Contributions and grants from previous yearUSD $ 5,198,038
Gross income from fundraising eventsUSD $ 22,097
Revenue from membership duesUSD $ 5,075
Total of other revenueUSD $ 487,845
2019-12-31
Total unrelated business incomeUSD $ 49,938
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 734,255
Program Service Revenue from current yearUSD $ 658,981
Investment Income from prior yearUSD $ 2,350,939
Investment Income from current yearUSD $ 4,312,546
Other Revenue from prior yearUSD $ 137,866
Other Revenue from current yearUSD $ 121,660
Gross receipts from all sourcesUSD $ 26,385,549
Net assets / fund balances at end of fiscal yearUSD $ 76,309,434
Net assets / fund balances at beginning of fiscal yearUSD $ 64,233,202
Total liabilities at end of fiscal yearUSD $ 5,480,099
Total liabilities at beginning of fiscal yearUSD $ 7,361,900
Total assets at end of fiscal yearUSD $ 81,789,533
Total assets at beginning of fiscal yearUSD $ 71,595,102
Revenues less expenses for current yearUSD $ 5,060,670
Revenues less expenses for previous yearUSD $ 3,348,393
Total expenses for current yearUSD $ 5,230,555
Total expenses for previous yearUSD $ 5,924,226
Other expenses in current yearUSD $ 899,700
Other expenses in previous yearUSD $ 1,353,122
Total fundraising expenses in current yearUSD $ 419,038
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,346,947
Employee salary and benefits paid in previous yearUSD $ 2,396,004
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,983,908
Grants and similar amounts paid in previous yearUSD $ 2,175,100
Total revenue in current fiscal yearUSD $ 10,291,225
Total revenue in previous fiscal yearUSD $ 9,272,619
Contributions and grants from current yearUSD $ 5,198,038
Contributions and grants from previous yearUSD $ 6,049,559
Gross income from fundraising eventsUSD $ 97,349
Revenue from membership duesUSD $ 11,075
Total of other revenueUSD $ 57,993
2018-12-31
Total unrelated business incomeUSD $ 50,634
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 652,815
Program Service Revenue from current yearUSD $ 734,255
Investment Income from prior yearUSD $ 1,849,956
Investment Income from current yearUSD $ 2,350,939
Other Revenue from prior yearUSD $ 160,065
Other Revenue from current yearUSD $ 137,866
Gross receipts from all sourcesUSD $ 31,115,788
Net assets / fund balances at end of fiscal yearUSD $ 64,233,202
Net assets / fund balances at beginning of fiscal yearUSD $ 66,560,368
Total liabilities at end of fiscal yearUSD $ 7,361,900
Total liabilities at beginning of fiscal yearUSD $ 7,440,445
Total assets at end of fiscal yearUSD $ 71,595,102
Total assets at beginning of fiscal yearUSD $ 74,000,813
Revenues less expenses for current yearUSD $ 3,348,393
Revenues less expenses for previous yearUSD $ 1,316,641
Total expenses for current yearUSD $ 5,924,226
Total expenses for previous yearUSD $ 7,323,711
Other expenses in current yearUSD $ 1,353,122
Other expenses in previous yearUSD $ 1,370,782
Total fundraising expenses in current yearUSD $ 473,962
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,396,004
Employee salary and benefits paid in previous yearUSD $ 2,335,157
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 2,175,100
Grants and similar amounts paid in previous yearUSD $ 3,617,772
Total revenue in current fiscal yearUSD $ 9,272,619
Total revenue in previous fiscal yearUSD $ 8,640,352
Contributions and grants from current yearUSD $ 6,049,559
Contributions and grants from previous yearUSD $ 5,977,516
Gross income from fundraising eventsUSD $ 130,646
Total of other revenueUSD $ 58,777
2017-12-31
Total unrelated business incomeUSD $ 101,267
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 657,501
Program Service Revenue from current yearUSD $ 652,815
Investment Income from prior yearUSD $ 1,835,087
Investment Income from current yearUSD $ 1,849,956
Other Revenue from prior yearUSD $ 220,997
Other Revenue from current yearUSD $ 160,065
Gross receipts from all sourcesUSD $ 19,927,436
Net assets / fund balances at end of fiscal yearUSD $ 66,560,368
Net assets / fund balances at beginning of fiscal yearUSD $ 59,079,332
Total liabilities at end of fiscal yearUSD $ 7,440,445
Total liabilities at beginning of fiscal yearUSD $ 3,987,907
Total assets at end of fiscal yearUSD $ 74,000,813
Total assets at beginning of fiscal yearUSD $ 63,067,239
Revenues less expenses for current yearUSD $ 1,316,641
Revenues less expenses for previous yearUSD $ 973,453
Total expenses for current yearUSD $ 7,323,711
Total expenses for previous yearUSD $ 5,948,697
Other expenses in current yearUSD $ 1,370,782
Other expenses in previous yearUSD $ 1,365,959
Total fundraising expenses in current yearUSD $ 486,516
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,335,157
Employee salary and benefits paid in previous yearUSD $ 2,286,379
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 3,617,772
Grants and similar amounts paid in previous yearUSD $ 2,296,359
Total revenue in current fiscal yearUSD $ 8,640,352
Total revenue in previous fiscal yearUSD $ 6,922,150
Contributions and grants from current yearUSD $ 5,977,516
Contributions and grants from previous yearUSD $ 4,208,565
Gross income from fundraising eventsUSD $ 79,558
Total of other revenueUSD $ 106,511
2016-12-31
Total unrelated business incomeUSD $ 109,057
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 515,048
Program Service Revenue from current yearUSD $ 657,501
Investment Income from prior yearUSD $ 3,194,928
Investment Income from current yearUSD $ 1,835,087
Other Revenue from prior yearUSD $ 193,373
Other Revenue from current yearUSD $ 220,997
Gross receipts from all sourcesUSD $ 18,622,673
Net assets / fund balances at end of fiscal yearUSD $ 59,079,332
Net assets / fund balances at beginning of fiscal yearUSD $ 56,217,504
Total liabilities at end of fiscal yearUSD $ 3,987,907
Total liabilities at beginning of fiscal yearUSD $ 4,815,425
Total assets at end of fiscal yearUSD $ 63,067,239
Total assets at beginning of fiscal yearUSD $ 61,032,929
Revenues less expenses for current yearUSD $ 973,453
Revenues less expenses for previous yearUSD $ 2,023,697
Total expenses for current yearUSD $ 5,948,697
Total expenses for previous yearUSD $ 5,862,607
Other expenses in current yearUSD $ 1,365,959
Other expenses in previous yearUSD $ 1,484,894
Total fundraising expenses in current yearUSD $ 422,924
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,286,379
Employee salary and benefits paid in previous yearUSD $ 2,002,238
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 2,296,359
Grants and similar amounts paid in previous yearUSD $ 2,375,475
Total revenue in current fiscal yearUSD $ 6,922,150
Total revenue in previous fiscal yearUSD $ 7,886,304
Contributions and grants from current yearUSD $ 4,208,565
Contributions and grants from previous yearUSD $ 3,982,955
Gross income from fundraising eventsUSD $ 107,734
Total of other revenueUSD $ 137,039

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 363451562

USA Location Address
405 FIRST STREET SE
LITTLE FALLS
MN
56345
Date first seen: 2007-01-01
Date last seen: 2025-12-31
USA Mailing Address
405 1ST STREET SE
LITTLE FALLS
MN
56345
Date first seen: 2007-01-01
Date last seen: 2025-12-31
401k Sponsor USA Address
405 FIRST STREET SE
LITTLE FALLS
MN
56345
Date first seen: 2007-01-01
Date last seen: 2025-06-25

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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