MANKATO AREA FOUNDATION: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- MANKATO AREA FOUNDATION (EIN 41-0011094)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-04-16
- IRS object ID
- 201901069349300920
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-04-16T13:58:11-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eide Bailly LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 Nicollet Mall Ste 1300 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 554027033 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410011094 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mankato Area Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MANK | BusinessNameControlTxt |
| Phone | 5073894583 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 127 South Second Street No 100 | AddressLine1Txt |
| City | Mankato | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56001 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Thomas Lentz | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 5073894583 | PhoneNum |
| Signature | 2019-03-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Deb Nelson CPA | PreparerPersonNm |
| PTIN | P01264758 | PTIN |
| Phone | 6122536500 | PhoneNum |
| Preparation | 2019-03-28 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 8.39.233.203 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-03-28 | IPDt |
| IP Tm | 09:51:41 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | D8A1E5117AA53286D53F57459EBB2DE5C7CA50FC | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | F9BEE9501A3B4F00F190E63700B8BF2BC70C7B96 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Nancy Zallek | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 127 South Second Street No 100 | AddressLine1Txt |
| City | Mankato | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,381,213 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.mankatoareafoundation.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1974 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Total Volunteers | 55 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,128,741 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,049,237 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $10,286 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $15,589 | CYProgramServiceRevenueAmt |
| PY Investment Income | $320,224 | PYInvestmentIncomeAmt |
| CY Investment Income | $331,511 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,459,251 | PYTotalRevenueAmt |
| CY Total Revenue | $2,396,337 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $702,393 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $834,253 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $171,935 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $249,133 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $111,342 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $168,576 | PYOtherExpensesAmt |
| CY Other Expenses | $174,923 | CYOtherExpensesAmt |
| PY Total Expenses | $1,042,904 | PYTotalExpensesAmt |
| CY Total Expenses | $1,258,309 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $416,347 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,138,028 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $12,558,678 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,027,895 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,211,529 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,319,178 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $11,347,149 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $12,708,717 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,011,032 | ExpenseAmt |
| Grant | $834,253 | GrantAmt |
| Revenue | $15,589 | RevenueAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $1,011,032 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 8 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 4 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| DAF Excess Business Holdings | 0 | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | 0 | TaxableDistributionsInd |
| Distribution To Donor | 0 | DistributionToDonorInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Nancy Zallek | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5073894583 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 127 S 2nd St Suite 100 | AddressLine1Txt |
| City | Mankato | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56001 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Andrew Thom | ||||||
| Chair | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Melanie VanRoekel | ||||||
| Vice-Chair | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Andrew Willaert | ||||||
| Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Thomas Lentz | ||||||
| Director/Treasurer (as of July 2017) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Michael Karp | ||||||
| Treasurer (ended July 2017) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Jerry Crest | ||||||
| Director (ended Sept 2017) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Jessica Barry | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Louise Dickmeyer | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Kristin Weeks Duncanson | ||||||
| Director (as of Oct 2017) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JO Guck-Bailey | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Shannon Gullickson | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Steve Jansen | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Brian Koch | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Fred Lutz | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Nathan Mullikin | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Jim Santori | ||||||
| Director | 1.50 | Yes (X) | $0 | $0 | $0 | |
| David Schooff | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Tom Sernett | ||||||
| Director | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Mark Sharpless | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Kathy Trauger | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Warren West | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Nancy Zallek | ||||||
| Executive Director | 40.00 | Yes (X) | $67,379 | $0 | $20,274 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $67,379 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $20,274 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,049,237 | AllOtherContributionsAmt |
| Noncash Contributions | $241,667 | NoncashContributionsAmt |
| Total Contributions | $2,049,237 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Administrative Fees | Desc |
| Business | 561000 | BusinessCd |
| Total Revenue Column | $15,589 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,589 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,589 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $222,604 | TotalRevenueColumnAmt |
| Exclusion | $222,604 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,093,783 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,984,876 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $108,907 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $108,907 | TotalRevenueColumnAmt |
| Exclusion | $108,907 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,396,337 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,589 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $331,511 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $834,253 | TotalAmt |
| Program Services | $834,253 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,668 | TotalAmt |
| Program Services | $35,234 | ProgramServicesAmt |
| Management And General | $30,200 | ManagementAndGeneralAmt |
| Fundraising | $35,234 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,077 | TotalAmt |
| Program Services | $64,523 | ProgramServicesAmt |
| Management And General | $31,363 | ManagementAndGeneralAmt |
| Fundraising | $36,191 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,588 | TotalAmt |
| Management And General | $2,210 | ManagementAndGeneralAmt |
| Fundraising | $1,378 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,800 | TotalAmt |
| Program Services | $4,860 | ProgramServicesAmt |
| Management And General | $3,340 | ManagementAndGeneralAmt |
| Fundraising | $4,600 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,934 | TotalAmt |
| Management And General | $14,934 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,500 | TotalAmt |
| Management And General | $12,500 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,965 | TotalAmt |
| Management And General | $14,965 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,637 | TotalAmt |
| Program Services | $303 | ProgramServicesAmt |
| Fundraising | $10,334 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,643 | TotalAmt |
| Program Services | $24,030 | ProgramServicesAmt |
| Management And General | $3,312 | ManagementAndGeneralAmt |
| Fundraising | $2,301 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,369 | TotalAmt |
| Program Services | $1,058 | ProgramServicesAmt |
| Management And General | $10,311 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,819 | TotalAmt |
| Program Services | $43,513 | ProgramServicesAmt |
| Management And General | $4,175 | ManagementAndGeneralAmt |
| Fundraising | $3,131 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $391 | TotalAmt |
| Program Services | $137 | ProgramServicesAmt |
| Management And General | $117 | ManagementAndGeneralAmt |
| Fundraising | $137 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,871 | TotalAmt |
| Program Services | $57 | ProgramServicesAmt |
| Management And General | $661 | ManagementAndGeneralAmt |
| Fundraising | $1,153 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,161 | TotalAmt |
| Program Services | $1,394 | ProgramServicesAmt |
| Management And General | $1,767 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,855 | TotalAmt |
| Program Services | $1,131 | ProgramServicesAmt |
| Management And General | $3,724 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|---|
| Development Expense | $16,494 | $16,494 | ||
| Memberships | $2,331 | $2,331 | ||
| Professional Developmen | $778 | $389 | $389 | |
| Grant Operating Expense | $150 | $150 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25 | TotalAmt |
| Management And General | $25 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,258,309 | TotalAmt |
| Program Services | $1,011,032 | ProgramServicesAmt |
| Management And General | $135,935 | ManagementAndGeneralAmt |
| Fundraising | $111,342 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $376,869 | BOYAmt |
| EOY | $227,966 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,959 | BOYAmt |
| EOY | $79,215 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,457 | BOYAmt |
| EOY | $3,073 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,362,281 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $145,466 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,260,763 | BOYAmt |
| EOY | $1,216,815 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,289,829 | BOYAmt |
| EOY | $13,067,999 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,169,974 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $432,827 | BOYAmt |
| EOY | $432,827 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,558,678 | BOYAmt |
| EOY | $15,027,895 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,402 | BOYAmt |
| EOY | $71,828 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,000 | BOYAmt |
| EOY | $11,000 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,061,127 | BOYAmt |
| EOY | $2,236,350 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,211,529 | BOYAmt |
| EOY | $2,319,178 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,263,730 | BOYAmt |
| EOY | $1,428,318 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,376,841 | BOYAmt |
| EOY | $9,573,821 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,706,578 | BOYAmt |
| EOY | $1,706,578 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,347,149 | BOYAmt |
| EOY | $12,708,717 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,558,678 | BOYAmt |
| EOY | $15,027,895 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,138,028 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $223,540 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $262,713 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,803,513 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $821,089 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,128,741 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,049,237 | CurrentTaxYearAmt |
| Total | $7,065,293 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $262,713 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,803,513 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $821,089 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,128,741 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,049,237 | CurrentTaxYearAmt |
| Total | $7,065,293 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,809,818 | SubstantialContributorsTotAmt |
| Public Support Total170 | $5,255,475 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $69,491 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $191,437 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $210,192 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $228,041 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $222,604 | CurrentTaxYearAmt |
| Total | $921,765 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $7,987,058 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $25,875 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.65800 | PublicSupportCY170Pct |
| Public Support PY170 | 0.49100 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Funds Held | 31 | DonorAdvisedFundsHeldCnt |
| Funds And Other Accounts Held | 9 | FundsAndOtherAccountsHeldCnt |
| Donor Advised Funds Contri | $1,362,900 | DonorAdvisedFundsContriAmt |
| Funds And Other Accounts Contri | $325,675 | FundsAndOtherAccountsContriAmt |
| Donor Advised Funds Grants | $698,661 | DonorAdvisedFundsGrantsAmt |
| Funds And Other Accounts Grants | $36,738 | FundsAndOtherAccountsGrantsAmt |
| Donor Advised Funds Vl EOY | $7,483,281 | DonorAdvisedFundsVlEOYAmt |
| Funds And Other Accounts Vl EOY | $969,928 | FundsAndOtherAccountsVlEOYAmt |
| Disclosed Org Leg Ctrl | Yes (1) | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | Yes (1) | DisclosedForCharitablePrpsInd |
| Agent Trustee Etc | Yes (1) | AgentTrusteeEtcInd |
| Beginning Balance | $1,061,127 | BeginningBalanceAmt |
| Additions During Year | $1,426,724 | AdditionsDuringYearAmt |
| Distributions During Year | $251,501 | DistributionsDuringYearAmt |
| Ending Balance | $2,236,350 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,023,719 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $104,824 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $81,530 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,047,013 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,927,667 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $213,546 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $117,494 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,023,719 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,976,541 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$19,636 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $29,238 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,927,667 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,055,200 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $16,529 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $95,188 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,976,541 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,862,687 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $287,834 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $95,321 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,055,200 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.84330 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.15670 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,308,821 | OtherCostOrOtherBasisAmt |
| Depreciation | $106,486 | DepreciationAmt |
| Book Value | $1,202,335 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $53,460 | OtherCostOrOtherBasisAmt |
| Depreciation | $38,980 | DepreciationAmt |
| Book Value | $14,480 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,216,815 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,604,912 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $223,540 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $223,540 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,381,372 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $14,965 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $14,965 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,396,337 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,243,344 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,243,344 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $14,965 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $14,965 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,258,309 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (39 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| American Cancer Society | |||||||
| 35 N Hill Court | Mankato | MN | 56001 | 131788491 | 501(c)(3) | $5,000 | Scholarships and Robotics Program |
| Blue Earth County Historical Society | |||||||
| 424 Warren St | Mankato | MN | 56001 | 237289370 | 501(c)(3) | $5,000 | Program Assistance |
| Boys and Girls Club of Rochester | |||||||
| 709 S Broad St | Mankato | MN | 56001 | 411945875 | 501(c)(3) | $155,000 | Program Assistance |
| Centenary United Methodist Church | |||||||
| 501 S Second St | Mankato | MN | 56001 | 410713860 | 501(c)(3) | $10,000 | Program Assistance |
| Children's Museum of Southern MN | |||||||
| 224 Lamm St | Mankato | MN | 56001 | 204351801 | 501(c)(3) | $31,100 | Program Assistance |
| Chris the King Lutheran Church | |||||||
| 222 Pfau St | Mankato | MN | 56001 | 410885992 | 501(c)(3) | $6,000 | Program Assistance |
| Christian Reformed Church | |||||||
| 1100 1st Ave SW | Worthington | MN | 56187 | 237410190 | 501(c)(3) | $5,400 | Program Assistance |
| City Center Partnership | |||||||
| 12 Civic Center Plaza Suite 1645 | Mankato | MN | 56001 | 472790832 | 501(c)(3) | $12,000 | Program Assistance |
| City of Mankato | |||||||
| PO Box 3368 | Mankato | MN | 560023368 | 416005344 | Government | $7,261 | Program Assistance |
| Committee Against Domestic Abuse | |||||||
| PO Box 466 | Mankato | MN | 56001 | 411379525 | 501(c)(3) | $11,000 | Program Assistance |
| ECHO Food Shelf | |||||||
| PO Box 3212 | Mankato | MN | 560023212 | 411429214 | 501(c)(3) | $6,100 | Program Assistance |
| Educare Foundation | |||||||
| PO Box 241 | Mankato | MN | 56001 | 411745553 | 501(c)(3) | $20,000 | Program Assistance |
| Feeding Our Communities Partners | |||||||
| 2120 Howard Drive W | North Mankato | MN | 56003 | 272374187 | 501(c)(3) | $13,813 | Program Assistance |
| First Baptist Church | |||||||
| 312 S Oakland St | Lake Crystal | MN | 56055 | 411424743 | 501(c)(3) | $27,000 | Program Assistance |
| Grace Lutheran Church | |||||||
| 320 E Main St | Mankato | MN | 56001 | 416006451 | 501(c)(3) | $40,000 | Program Assistance |
| Greater Mankato Diversity Council | |||||||
| 127 S Second St Suite 110 | Mankato | MN | 56001 | 204627525 | 501(c)(3) | $5,160 | Program Assistance |
| Gustavus Adolphus College | |||||||
| 800 W College Ave | St Peter | MN | 56082 | 410695524 | 501(c)(3) | $10,000 | Program Assistance |
| Junior Achievement of the Upper Midwest | |||||||
| 210 Lime St | Mankato | MN | 56001 | 411424988 | 501(c)(3) | $20,950 | Program Assistance |
| Key City Bike | |||||||
| PO Box 173 | Mankato | MN | 560020173 | 800545144 | 501(c)(3) | $7,500 | Program Assistance |
| Lake Crystal Area Recreation Center | |||||||
| 621 W Nathan St | Lake Crystal | MN | 56055 | 411867907 | 501(c)(3) | $10,700 | Program Assistance |
| Lake Crystal Wellcome Memorial School | |||||||
| PO Box 810 | Lake Crystal | MN | 56055 | 411680296 | Government | $5,100 | Program Assistance |
| Leisure Education for Exceptional People | |||||||
| 929 N 4th St | Mankato | MN | 56001 | 411403190 | 501(c)(3) | $10,000 | Program Assistance |
| Life-Work Planning Center | |||||||
| 127 S Second St Suite 210 | Mankato | MN | 56001 | 411357220 | 501(c)(3) | $5,000 | Program Assistance |
| Lifeworks Services | |||||||
| 2965 Lone Oak Dr 160 | Eagan | MN | 55121 | 410907857 | 501(c)(3) | $10,000 | Program Assistance |
| Mankato Area Public Schools | |||||||
| 110 Fulton St | Mankato | MN | 56001 | 416000310 | Government | $5,000 | Program Assistance |
| Mankato Mdewakanton Association | |||||||
| PO Box 3608 | Mankato | MN | 560023608 | 411907089 | 501(c)(3) | $15,000 | Program Assistance |
| Mayo Foundation | |||||||
| 5 Mayo Clinic 200 First St SW | Rochester | MN | 55905 | 411663357 | 501(c)(3) | $5,000 | Program Assistance |
| Minnesota River Area Agency on Aging | |||||||
| 201 N Broad St Suite 102 | Mankato | MN | 56001 | 261632413 | 501(c)(3) | $8,000 | Program Assistance |
| Minnesota State University Foundation | |||||||
| 128 Alumni Foundation Center | Mankato | MN | 56001 | 416033423 | 501(c)(3) | $53,016 | Scholarship and Programming |
| Miracle League of North Mankato | |||||||
| 127 S Second St Suite 120 | Mankato | MN | 56001 | 260620854 | 501(c)(3) | $83,000 | Program Assistance |
| Mission Haiti | |||||||
| PO Box 2175 | Sioux Falls | SD | 57101 | 203184240 | 501(c)(3) | $6,050 | Program Assistance |
| MRCI Worksourse | |||||||
| 15 Map Drive | Mankato | MN | 56001 | 410736870 | 501(c)(3) | $5,000 | Program Assistance |
| Open Door Health Center | |||||||
| 309 Holly Lane | Mankato | MN | 56001 | 411461726 | 501(c)(3) | $5,000 | Program Assistance |
| Partners for Affordable Housing | |||||||
| 151 Good Counsel Dr 130 | Mankato | MN | 56001 | 363333949 | 501(c)(3) | $25,050 | Program Assistance |
| Salvation Army | |||||||
| 700 S Riverfront Dr | Mankato | MN | 56001 | 362167910 | 501(c)(3) | $5,600 | Program Assistance |
| Servants of Christ International | |||||||
| 852 Carriage Dr | Milliken | CO | 80543 | 752243617 | 501(c)(3) | $5,000 | Program Assistance |
| South Central College Foundation | |||||||
| 1920 Lee Blvd | North Mankato | MN | 56003 | 411649572 | 501(c)(3) | $15,000 | Scholarships and Robotics Program |
| VINE Faith in Action | |||||||
| 421 E Hickory St | Mankato | MN | 56001 | 411802861 | 501(c)(3) | $35,100 | Program Assistance |
| YWCA Mankato | |||||||
| 127 S Second St Suite 200 | Mankato | MN | 56001 | 410711619 | 501(c)(3) | $28,675 | Program Assistance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 39 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | 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. Scholarship applicants follow criteria established by the original donor and the Foundation. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $241,667 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Ave Price On Trade Date | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 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. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAF Holdings LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 127 South Second Street Suite 100 | AddressLine1Txt |
| City | Mankato | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 56001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410011094 | EIN |
| Primary Activities | Manages non-cash assets. | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Total Income | $119,384 | TotalIncomeAmt |
| End Of Year Assets | $1,705,974 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mankato Area Foundation Inc | BusinessNameLine1Txt |