2020-05-01T09:08:12-05:00 2019-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2018-07-01 410011094 Mankato Area Foundation MANK 5073894583 127 South Second Street No 100 Mankato MN 56001 Thomas Lentz Chair 5073894583 2020-04-30 1 Deb Nelson CPA P01264758 6122536500 2020-04-30 216.147.181.49 2020-04-30 12:01:49 CD P D8A1E5117AA53286D53F57459EBB2DE5C7CA50FC F9BEE9501A3B4F00F190E63700B8BF2BC70C7B96 2018 2021-01-29 14:40:06Z Nancy Zallek 127 South Second Street No 100 Mankato MN 56001 5806308 0 X www.mankatoareafoundation.com X 1974 MN The Mankato Area Foundation is a trusted resource that connects donors with causes they care about, provides funding to enhance our region and serves as a collaborative community partner. 18 18 5 50 0 0 2049237 4739526 15589 25285 331511 177923 0 0 2396337 4942734 834253 1118651 0 0 249133 331980 0 0 145587 174923 198074 1258309 1648705 1138028 3294029 15027895 19568119 2319178 2531312 12708717 17036807 The Mankato Area Foundation is a trusted resource that connects donors with causes they care about, provides funding to enhance our region and serves as a collaborative community partner. 0 0 1322438 1118651 25285 The Foundation made grants from its Community Fund, along with designated and donor advised funds to enrich the livability and vibrancy of the Greater Mankato area. 1322438 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 10 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X X Nancy Zallek 5073894583 127 S 2nd St Suite 100 Mankato MN 56001 VanRoekel Melanie Chair 2.00 X X 0 0 0 Dickmeyer Louise Vice-Chair 1.00 X X 0 0 0 Lentz Thomas Treasurer 2.00 X X 0 0 0 Willaert Andrew Secretary 1.00 X X 0 0 0 Boyum Heidi Director 1.00 X 0 0 0 Buchert Jessica Director 1.00 X 0 0 0 Duncanson Kristin Director 1.00 X 0 0 0 Gullickson Shannon Director 1.00 X 0 0 0 Jansen Steve Director 1.00 X 0 0 0 Koch Brian Director 1.00 X 0 0 0 Lutz Fred Director 1.00 X 0 0 0 Mullikin Nate Director 1.00 X 0 0 0 Prafke Todd Director 1.00 X 0 0 0 Santori Jim Director 1.00 X 0 0 0 Schooff David Director 1.00 X 0 0 0 Sharpless Mark Director 1.00 X 0 0 0 Thom Andrew Director 1.00 X 0 0 0 West Warren Director 1.00 X 0 0 0 Guck-Bailey Jo Until Oct 2018 Director 1.00 X 0 0 0 Sernett Tom Until Oct 2018 Director 1.00 X 0 0 0 Trauger Kathy Until Oct 2018 Director 1.00 X 0 0 0 Zallek Nancy President and CEO 40.00 X 76578 0 31625 76578 0 31625 0 0 0 0 0 4739526 219060 4739526 Administrative Fees 561000 25285 25285 25285 310242 310242 731255 863574 -132319 -132319 -132319 4942734 25285 0 177923 1118651 1118651 103535 85509 8614 9412 208452 47454 70136 90862 2951 1063 1888 1636 1182 454 15406 4730 4220 6456 12875 12875 47500 47500 18339 5501 12838 8482 1911 4162 2409 12851 12851 12477 9938 2539 1685 674 337 674 4619 1437 1745 1437 22212 20504 1708 5872 5872 Premium on Gifted Life 19104 19104 Development Expense 17287 17287 Grant Operating Expense 5183 5183 Professional Developmen 3396 1698 1698 6192 144 5876 172 1648705 1322438 180680 145587 227966 728072 79215 33339 3073 4413 1686686 167677 1216815 1519009 13067999 16850459 432827 432827 15027895 19568119 71828 88739 11000 2236350 2442573 2319178 2531312 X 1428318 14625440 9573821 417292 1706578 1994075 12708717 17036807 15027895 19568119 3294029 1034061 0 X 0 1 X 1 0 X 2803513 821089 1128741 2049237 4739526 11542106 2803513 821089 1128741 2049237 4739526 11542106 1581250 9960856 191437 210192 228041 222604 310242 1162516 12704622 51160 0.78400 0.65800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43 9 3511961 235611 989530 109603 10839071 587276 1 1 1 2236350 374305 168082 2442573 1 X 2047013 291304 194296 121246 2411367 2023719 104824 81530 2047013 1927667 213546 117494 2023719 1976541 -19636 29238 1927667 2055200 16529 95188 1976541 0.00000 0.82690 0.17310 0 0 220000 220000 1411561 135558 1276003 55125 32119 23006 1519009 X 5929295 1034061 1034061 4895234 47500 47500 4942734 1601205 0 1601205 47500 47500 1648705 Part IV, Line 1b: The Foundation acts as fiscal sponsor for community projects. Part IV, Line 2b: Agency funds are held for other nonprofit organizations. The Foundation receives and invests the organizations' dollars with the long-term pooled account. The cash is included on the balance sheet in the long-term account and the associated liability is recorded on the balance sheet. Fiscal sponsored funds are held for community projects for committees seeking nonprofit tax-exempt status. The Foundation receives and distributes the funds for qualified expenses. The cash is included on the balance sheet in the checking account and the associated liability is recorded on the balance sheet. Part V, Line 4: Net investment earnings from endowment funds are used for community granting to nonprofit organizations. Part X, Line 2: MAF is organized as a Minnesota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 50l(c)(3) of the Internal Revenue Code. MAF Holdings maintains exempt status under the Foundation's exemption since the Foundation is the sole member of MAF. The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to the exempt purpose. The Foundation has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 Arts Center of St Peter 315 S Minnesota Ave St Peter MN 56082 411363831 501(c)(3) 5000 Program assistance Blue Earth County Historical Society 424 Warren St Mankato MN 56001 237289370 501(c)(3) 11500 Program assistance Blue Earth Nicollet County Humane Society 1250 N River Dr Mankato MN 56001 416058900 501(c)(3) 5650 Program assistance Boy Scouts of AmericaTwin Valley Council 810 Madison Ave Mankato MN 56001 416079300 501(c)(3) 9100 Program assistance Boys and Girls Club of Mankato 709 S Broad St Mankato MN 56001 411945875 501(c)(3) 25500 Program assistance Camp Patterson Inc PO Box 4334 Mankato MN 560024334 416032182 501(c)(3) 10000 Program assistance Centenary United Methodist Church 501 S Second St Mankato MN 56001 410713860 501(c)(3) 18000 Program assistance Christ the King Lutheran Church 222 Pfau St Mankato MN 56001 410885992 501(c)(3) 17475 Program assistance City of Mankato PO Box 3368 Mankato MN 560023368 416005344 government 6000 Program assistance City of St Peter 227 S Front St St Peter MN 56082 416005526 government 5500 Program assistance Colorado State University Foundation C138 Clark Fort Collins CO 805231701 237098397 501(c)(3) 15000 Scholarships and Program assistance Committee Against Domestic Abuse Inc PO Box 466 100 Stadium Court Mankato MN 56002 411379525 501(c)(3) 13000 Program assistance ECHO Food Shelf 1014 S Front St PO Box 3212 Mankato MN 560023212 411429214 501(c)(3) 21750 Program assistance Educare Foundation PO Box 241 Mankato MN 560020241 411745553 501(c)(3) 10000 Program assistance Feeding Our Communities Partners PO Box 5275 Mankato MN 560025275 272374187 501(c)(3) 14535 Program assistance First Baptist Church 312 S Oakland St Lake Crystal MN 56055 411424743 501(c)(3) 10900 Program assistance Greater Mankato Area United Way 127 S Second St Suite 190 Mankato MN 56001 416008819 501(c)(3) 25350 Program assistance Greater Mankato Diversity Council 127 S Second St Suite 110 Mankato MN 56001 204627525 501(c)(3) 5500 Program assistance Gustavus Adolphus College 800 W College Ave St Peter MN 56082 410695524 501(c)(3) 100000 Program assistance Hillside Church 502 S Victory Dr Mankato MN 56001 411701452 501(c)(3) 6000 Program assistance Hope Interfaith Center 114 Pohl Rd Mankato MN 56001 201485107 501(c)(3) 5000 Program assistance Junior Achievement of Greater Mankato 210 E Lime St Mankato MN 56001 411424988 501(c)(3) 8775 Program assistance Lake Crystal Area Recreation Center 621 W Nathan St Lake Crystal MN 56055 411867907 501(c)(3) 5850 Program assistance Lake Crystal Wellcome Memorial Schools ISD 2071 PO Box 160 Lake Crystal MN 56055 411680296 501(c)(3) 8500 Program assistance Leisure Education for Exceptional People 929 N 4th St Mankato MN 56001 411403190 501(c)(3) 10650 Program assistance Life-Work Planning Center 127 S Second St 210 Mankato MN 56001 411357220 501(c)(3) 5000 Program assistance Loyola Catholic Schools 145 Good Counsel Dr Mankato MN 56001 410914356 501(c)(3) 24000 Program assistance Madelia Community Hospital Foundation 121 Drew Ave SE Madelia MN 56062 731719218 501(c)(3) 5000 Program assistance Mankato Family YMCA 1401 S Riverfront Dr Mankato MN 56001 410739108 501(c)(3) 7355 Program assistance Maple River Heritage Inc PO Box 474 Mapleton MN 56065 770638591 501(c)(3) 15310 Program assistance Mayo Foundation 200 First St SW Rochester MN 55905 411663357 501(c)(3) 16000 Program assistance Minnesota Collegiate DECA 9875 221st Ave NW Elk River MN 55330 530215806 501(c)(3) 5000 Program assistance MSU Mankato Foundation 126 Alumni Foundation Center Mankato MN 56001 416033423 501(c)(3) 78575 Scholarships and Program assistance Open Arts Minnesota 501 S Second St Mankato MN 56001 831893608 501(c)(3) 5000 Program assistance Partners for Affordable Housing 151 Good Counsel Dr Suite 130 Mankato MN 56001 363333949 501(c)(3) 18500 Program assistance Shriners Hospitals for Children 2900 N Rocky Point Dr Tampa FL 33607 362193608 501(c)(3) 25000 Program assistance SMILES Center for Independent Living 709 S Front St Suite 7 Mankato MN 56001 411616061 501(c)(3) 7500 Program assistance South Central College Foundation 1920 Lee Blvd North Mankato MN 56003 411649572 501(c)(3) 25000 Scholarships and Program assistance St John's Episcopal Church PO Box 1119 Mankato MN 560021119 411501216 501(c)(3) 6000 Program assistance St Jude's Childrens Research Hospital Inc 501 St Jude Place Memphis TN 38105 620646012 501(c)(3) 25750 Program assistance The Ace Mentor Program of Southern Minnesota 415 Main St Wiecking Center 2o7 Suite 302 Mankato MN 56001 830966708 501(c)(3) 5000 Program assistance The Salvation Army 700 S Riverfront Dr Mankato MN 56001 362167910 501(c)(3) 12850 Program assistance University of Minnesota Foundation PO Box 860266 Minneapolis MN 554860266 416042488 501(c)(3) 16500 Program assistance VINE Faith in Action 421 E Hickory St Mankato MN 56001 411802861 501(c)(3) 33000 Program assistance Worthington Christian Reformed Church 1100 1st Ave Worthington MN 56187 237410190 501(c)(3) 9800 Program assistance YWCA Mankato 127 S Second St Suite 200 Mankato MN 56001 410711619 501(c)(3) 44700 Program assistance 46 0 Part I, Line 2: Grants - all successful grantees are requested to submit a report describing how funds were used upon completion of their project. Projects must have a timeline of one year or less. X 7 219060 Ave Price On Trade Date 0 0 1 0 Part I, Column (b): Number of contributors. Form 990, Part VI, Section A, line 1 The Executive Committee shall consist of at least the four (4) Officers of the Corporation and committee chairpersons, or their designated committee representative and such other persons that may be appointed by the Board. The duties of the Executive Committee shall be those delegated to it and outlined by the Board of Directors. The Executive Committee shall make recommendations in accordance with the policies established by the Board. Subject to the Board's control and direction, the Executive Committee shall have and may exercise all of the authority and powers of the Board subject to such limitations as the Board may impose from time to time. Unless specifically authorized by the Board by resolution approved by the affirmative vote of a majority of the Directors, the Executive Committee shall not have the authority and power to elect Officers, to amend the Articles of Incorporation, to adopt a plan of merger or consolidation, to authorize the sale or other disposition of all or substantially all of the property and assets of the Corporation, to authorize a voluntary dissolution of the Corporation or a revocation thereof, or to amend these Bylaws. Form 990, Part VI, Section A, line 4 1. Change committee name of "Structure and Governance" to "Strategy and Governance" 2. Added permission for extension of board term in Article IV, Section 4. 3. Changed Section 9 in Article V for participation by remote communications. Form 990, Part VI, Section A, line 8b There are no committees with authority to make decisions on behalf of the board. Form 990, Part VI, Section B, line 11b The Treasurer and accountant will review the tax return draft then forward to the Finance Committee for review and approval. After recommendation from the Finance Committee, the Executive Committee reviews and approves presentation to the board for approval of filing. A copy of the Form 990 is e-mailed to the board for review and approval prior to filing. Form 990, Part VI, Section B, line 12c All board members and committee members of the Foundation are covered by the policy. Any member with board-delegated powers is an interested person if they have a direct or indirect financial interest or a fiduciary responsibility to another organization. After disclosure of a possible conflict of interest, the remaining board or committee members shall decide if a conflict exists. Form 990, Part VI, Section B, line 15a Executive committee officers do an annual review of the President and CEO responsibilities and goals. The Executive Committee discusses and has final authority to determine compensation. Information from the Minnesota Council of Nonprofits compensation study assist in the determination of compensation. The committee substantiates all information in its minutes. The Board approves the compensation as part of its annual budget. No officers receive compensation. Form 990, Part VI, Section C, line 19 The governing documents, policies, and financial statements, Form 990 are provided to the public upon request in person or by e-mail. MAF Holdings LLC 127 South Second Street Suite 100 Mankato MN 56003 410011094 Manages non-cash assets. MN 467525 2098273 Mankato Area Foundation Inc