Southern Minnesota Initiative Foundation
Southern Minnesota Initiative Foundation
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About this organization
Mission
Southern Minnesota Initiative Foundation (SMIF) is a regional development and philanthropic organization that fosters economic and community vitality in 20 counties of southern Minnesota through a culture of collaboration and partnership. We envision southern Minnesota as a prosperous and growing region with vibrant communities, innovative and successful economies, and engaged and valued citizens. SMIF is a donor-supported foundation. The Foundation has provided more than $100 million in grants, loans and programming within the region during the past 30 years. SMIF's key interests include early childhood, community and economic development.
About
Southern Minnesota Initiative Foundation provides grants, loans and technical assistance to businesses, local governments and nonprofit organizations that accelerate the creation of new businesses and innovative ventures that will shape our economy through partnerships in our region.
Interesting data from their 2020 990 filing
The purpose of the non-profit is outlined in the filing as “Southern minnesota initiative foundation is a regional development and philanthropic organization that fosters economic and community vitality in 20 counties of southern minnesota through a culture of collaboration and partnership, with a focus on entrepreneurs and early childhood development.”.
When discussing its operations, they were defined as: “Invests for economic growth in the 20 counties of south central and southeastern minnesota.”.
- The state where the non-profit operates has been legally reported as MN.
- The filing indicates that the non-profit's address in 2020 is located at 525 FLORENCE AVE, OWATONNA, MN, 55060.
- The non-profit has reported 41 employees on their form as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $4,167,746.
- The organization has 13 independent voting members.
- The organization was formed in 1986.
- The organization pays $1,910,464 in salary, compensation, and benefits to its employees.
- The organization pays $197,545 in fundraising expenses.
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