2017-05-12T16:35:22-05:00 2016-06-30 411397419 Abdo Eick & Meyers LLP 100 Warren St Ste 600 Mankato MN 56001 990 2015-07-01 410011094 Mankato Area Foundation MANK 5073894583 127 South Second Street No 100 Mankato MN 56001 Randy Farrow Treasurer 5073451166 2017-05-08 1 Christine P Powers CPA P01258282 5076252727 2017-05-08 2015 2021-01-29 14:40:06Z Michael Karp 127 South Second Street No 100 Mankato MN 56001 1240714 0 X www.mankatoareafoundation.com X 1974 MN To enhance and improve the quality of life in Mankato, Minnesota area. 18 18 5 50 0 0 6492317 821089 0 108326 1012336 311299 92021 0 7596674 1240714 392781 482450 0 0 101781 141537 0 0 56561 215007 271599 709569 895586 6887105 345128 11451856 11464459 1177911 1145214 10273945 10319245 The Foundation provides a resource to support philanthropic interests of donors to make a difference in building a strong community. 0 0 632143 482450 Mankato Area Foundation is a trusted resource to pair donor giving with community initiatives to build a vibrant and strong community. The foundation funds non-profit agencies through community grants in four core areas: 1) Education and community development; 2) Recreation - additions and improvements to recreational and leisure activities in the community; 3) Enhance projects for arts & culture in the community; and 4) Aesthetic projects in the greater Mankato community. 632143 1 1 0 0 0 1 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 41 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 MN X X Nancy Zallek 5073894583 127 S 2nd St Suite 100 Mankato MN 56001 ANDREW WILLAERT SECRETARY 2.00 X X 0 0 0 ANDREW THOM VICE PRESIDENT 1.50 X X 0 0 0 JO GUCK BAILEY DIRECTOR 1.50 X 0 0 0 DAVID WITTENBERG DIRECTOR 1.50 X 0 0 0 MICHAEL KARP TREASURER 3.00 X X 0 0 0 BRIAN KOCH PRESIDENT 0.50 X X 0 0 0 SHANNON GULLICKSON DIRECTOR 0.50 X 0 0 0 JERRY CREST DIRECTOR 0.50 X 0 0 0 JIM SANTORI DIRECTOR 0.50 X 0 0 0 FRED LUTZ DIRECTOR 0.50 X 0 0 0 LOUISE DICKMEYER DIRECTOR 0.50 X 0 0 0 STEVE JANSEN DIRECTOR 0.50 X 0 0 0 DICK KAKELDEY DIRECTOR 0.50 X 0 0 0 LYNN SCHULTZ DIRECTOR 0.50 X 0 0 0 TOM SERNETT DIRECTOR 0.50 X 0 0 0 KATHY TRAUGER DIRECTOR 0.50 X 0 0 0 MELANIE VANROEKEL DIRECTOR 0.50 X 0 0 0 BUSTER WEST DIRECTOR 0.50 X 0 0 0 NANCY ZALLEK EXECUTIVE DIRECTOR 40.00 X 64417 0 0 64417 0 0 0 0 0 0 0 821089 821089 Administrative Fees 561000 108326 108326 108326 210192 210192 101107 0 101107 101107 101107 1240714 108326 0 311299 X 482450 482450 76560 26796 22968 26796 48674 21723 22451 4500 7933 2150 3583 2200 8370 3265 3010 2095 2750 2750 34228 10300 21428 2500 102380 5422 96958 11699 1936 4920 4843 10032 35 9997 2083 2083 16639 8500 8139 1376 1376 36104 33392 2712 6049 1957 3842 250 Real Estate Taxes 21274 21274 Fund Raising Developmen 12977 12977 Repairs & Supplies 7205 7205 Board of Dir Expense 3210 200 2610 400 3593 705 2888 895586 632143 206882 56561 316565 4115 238537 375133 26540 25709 2813 1787 1331645 58965 809023 1272680 9625551 9352208 432827 432827 11451856 11464459 62681 27226 100000 1107879 1000415 7351 17573 1177911 1145214 X 1091416 1384782 7475951 7227885 1706578 1706578 10273945 10319245 11451856 11464459 345128 -268366 -31462 0 X X 0 1 X 1 0 X 642510 1136396 262713 2803513 821089 5666221 642510 1136396 262713 2803513 821089 5666221 2680685 2985536 29914 62373 69491 191437 210192 563407 6229628 0.47920 0.45690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27 819589 913789 7006796 1 1 0 1107879 121787 229251 1000415 1 X 1976541 -19636 29238 1927667 2055200 16529 95188 1976541 1862687 287834 95321 2055200 1751879 214691 103883 1862687 1866115 4000 -67736 50500 1751879 0.89000 0.11000 0 0 1290846 39482 1251364 40799 19483 21316 1272680 Payroll Liabilities 8344 Other Liabilities 9229 17573 X 843928 -268366 -268366 1112294 31462 96958 128420 1240714 798628 0 798628 96958 96958 895586 Part IV, Line 2b: The foundation acts as a fiscal sponsor for community enrichment projects. Part V, Line 4: Earnings from endowment funds are used for community granting to non-profit organizations. Part X, Line 2: Mankato Area Foundation (Foundation) 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 501(c)(3) of the Internal Revenue Code. MAF Holdings, LLC maintains exempt status under the the tax exemption of the Foundation since the Foundation is the sole member of MAF Holdings, LLC. 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 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. Part XI, Line 4b - Other Adjustments: Administrative Fees Part XII, Line 4b - Other Adjustments: Administrative Fees PART XII, LINE 4B AND PARK XIII LINE 4B Administrative Fees 1 SOUTH CENTRAL COLLEGE FOUNDATION 1920 LEE BLVD MANKATO MN 56003 411649572 501(C)(3) 6500 SCHOLARSHIPS MANKATO SYMPHONY ORCHESTRA PO BOX 645 MANKATO MN 560020645 237319396 501(C)(3) 5000 PROGRAM ASSISTANCE YWCA OF MANKATO 500 S BROAD ST MANKATO MN 56001 410711619 501(C)(3) 77008 PROGRAM ASSISTANCE CITY CENTER PARTNERSHIP PO BOX 193 MANKATO MN 56001 410011094 501(C)(6) 6000 PROGRAM ASSISTANCE JUNIOR ACHIEVEMENT 210 E LIME ST MANKATO MN 56001 411424988 501(C)(3) 11100 PROGRAM ASSISTANCE CHILDRENS MUSEUM OF SOUTHERN MN 224 LAMM ST MANKATO MN 56001 204351801 501(C)(3) 27000 PROGRAM ASSISTANCE MINNESOTA STATE UNIVERSITY FOUNDATION 128 ALUMNI FOUNDATION CENTER MANKATO MN 56001 411687554 501(C)(3) 55992 PROGRAM ASSISTANCE / SCHOLARSHIPS COLORADO STATE UNIVERSITY FOUNDATION COLLEGE OF LIBERAL ARTS FT COLLINS CO 80521 237098397 501(C)(3) 11500 SCHOLARSHIPS EDUCARE FOUNDATION PO BOX 241 MANKATO MN 56001 411745553 501(C)(3) 10000 PROGRAM ASSISTANCE GREATER MANKATO DIVERSITY COUNCIL PO BOX 166 MANKATO MN 56001 204627525 501(C)(3) 5000 PROGRAM ASSISTANCE LAKE CRYSTAL AREA RECREATION CENTER 621 W NATHAN ST LAKE CRYSTAL MN 56055 411867907 501(C)(3) 8000 PROGRAM ASSISTANCE LEEP INC (LEISURE EDUCATION FOR EXCEPTIONAL PEOPLE) 929 N 4TH ST MANKATO MN 56001 411403190 501(C)(3) 5000 TECHNOLOGY UPGRADE MANKATO AREA PUBLIC SCHOOLS ISD 77 110 FULTON ST MANKATO MN 56001 416000310 PUBLIC SCHOOL 18000 CONNECTING KIDS PROGRAM FEEDING OUR COMMUNITIES PARTNERS PO BOX 5275 MANKATO MN 56001 272374187 501(C)(3) 16250 PROGRAM ASSISTANCE GUSTAVUS ADOLPHUS COLLEGE 800 W COLLEGE AVE ST PETER MN 56082 410695524 501(C)(3) 10000 NOBEL CONFERENCE LIFEWORKS SERVICES INC 2965 LONE OAK DR 160 EAGAN MN 55121 410907857 501(C)(3) 5000 PROGRAM ASSISTANCE MAYO CLINIC HEALTH SYSTEM - MANKATO 101 MARTIN LUTHER KING JR DR MANKATO MN 56001 411236756 501(C)(3) 5000 PROGRAM ASSISTANCE MRCI WORKSOURCE 15 MAP DR MANKATO MN 56001 410736870 501(C)(3) 5000 PROGRAM ASSISTANCE SPARE KEY 2021 E HENNIPIN AVE 475 MINNEAPOLIS MN 55413 411888767 501(C)(3) 5000 PROGRAM ASSISTANCE TWIN RIVERS COUNCIL FOR THE ARTS 523 S SECOND ST MANKATO MN 56001 200814939 501(C)(3) 7500 PROGRAM ASSISTANCE TWIN VALLEY COUNCIL INC BOY SCOUTS OF AMERICA 810 E MADISON AVE MANKATO MN 56001 416079300 501(C)(3) 5000 PROGRAM ASSISTANCE VINE FAITH IN ACTION 421 E HICKORY ST MANKATO MN 56001 411802861 501(C)(3) 14000 PROGRAM ASSISTANCE WASECA-LESUEUR REGIONAL LIBRARY SYSTEM 408 N STATE ST WASECA MN 56093 900227832 501(C)(3) 5000 PROGRAM ASSISTANCE 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 for completion of one year or less. Scholarship applicants follow criteria established by the orginal donor and MAF application process. Form 990, Part VI, Section B, line 11 A copy of the 990 return is emailed to board members prior to e-filing to receive approval to file. Form 990, Part VI, Section B, line 12c Written document requested from all directors at annual meeting per the internal policy was followed. Form 990, Part VI, Section B, line 15a The executive committee acts as personnel committee to determine compensation. Information is provided to board for approval as part of annual budget. From the compensation study done by the Minnesota Council on NonProfits along with comparison to similar community foundations in the state, the committee substantiates all information in its minutes. Form 990, Part VI, Section C, line 19 Documents are provided upon request either in person or via electronic submission. Currently the website provides a copy of the 990 return, other information regarding the organization and annual report. Form 990, Part IX, line 11g Administrative Fees: Program service expenses 0. Management and general expenses 96,958. Fundraising expenses 0. Total expenses 96,958. Grant administrative expense: Program service expenses 5,422. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,422. PART XII, LINE 2C There has been no change in the process from the prior year. Audit report is reviewed and approved by the finance committee; the audit is presented to the full board of directors for approval.