From public IRS filings
Southern Minnesota Initiative Foundation
OWATONNA, MN · Community Improvement
Built from IRS filings (latest Form 990: tax year 2023). Southern Minnesota Initiative Foundation has not reviewed or approved this page. Kindora is not affiliated with it.
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Mission
INVESTS FOR ECONOMIC GROWTH IN THE 20 COUNTIES OF SOUTH CENTRAL AND SOUTHEASTERN MINNESOTA.
Financials (IRS Form 990)
Total revenue
$8.4M
Total expenses
$6.9M
Total assets
$75.9M
Program expense ratio
86%
Source: IRS Form 990, tax year 2023.
Who funds Southern Minnesota Initiative Foundation
$10M in foundation grants on record from 35 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Mcknight Foundation | $4.7M | 5 |
| Fidelity Investments Charitable Gift Fund | $1.1M | 4 |
| Minneapolis Foundation | $690K | 3 |
| Taylor Family Farms Foundation | $650K | 3 |
| Southwest Initiative Foundation | $480K | 1 |
| Saint Paul & Minnesota Foundation | $446K | 4 |
| Bevcomm Foundation | $425K | 2 |
| Granite Charitable | $373K | 3 |
| Serveminnesota | $263K | 2 |
| Mayo Clinic | $131K | 2 |
Leadership
TIMOTHY PENNY — VICE PRESIDENT/CFO (Principal officer)
Names of officers and trustees come from the organization's public filings and leave this page when a later filing drops them. If you are named here and object, write to privacy@kindora.co.