MANKATO AREA FOUNDATION: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- MANKATO AREA FOUNDATION (EIN 41-0011094)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-16
- IRS object ID
- 201131369349306003
- Schema version
- 2009v1.7
- 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) |
|---|---|---|
| Timestamp | 2011-05-16T15:39:38-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ABDO EICK & MEYERS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 CIVIC CENTER PLAZA SUITE 300 | AddressLine1 |
| City | MANKATO | City |
| State | MN | State |
| ZIP Code | 56001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410011094 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MANKATO AREA FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MANK | NameControl |
| Phone | 5073894583 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 EAST MAIN STREET STE 5 | AddressLine1 |
| City | MANKATO | City |
| State | MN | State |
| ZIP Code | 56001 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ERIK LEAGJELD | Name |
| Title | TREASURER | Title |
| Phone | 5073894583 | Phone |
| Date Signed | 2011-05-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ERIK R LEAGJELD CPA | Name |
| Phone | 5076252727 | Phone |
| Date Prepared | 2011-05-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ERIK LEAGJELD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 EAST MAIN STREET STE 5 | AddressLine1 |
| City | MANKATO | City |
| State | MN | State |
| ZIP Code | 56001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 609156 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.MANKATOAREAFOUNDATION.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1974 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | THE MANKATO AREA FOUNDATION ACTS AS A PERMANENT TRUSTED RESOURCE FOR PAIRING ACTS OF GIVING WITH COMMUNITY NEEDS CRITCAL TO THE SHAPING OF THE GREATER MANKATO AREA. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1 | TotalNbrEmployees |
| Total Nbr Volunteers | 22 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 171362 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 165316 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 29137 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -280747 | InvestmentIncomePriorYear |
| Investment Income Current Year | 154030 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | -109385 | TotalRevenuePriorYear |
| Total Revenue Current Year | 348483 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 79951 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 67194 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 50431 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 42803 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 6793 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 80361 | OtherExpensePriorYear |
| Other Expenses Current Year | 63845 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 210743 | TotalExpensesPriorYear |
| Total Expenses Current Year | 173842 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -320128 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 174641 | RevenuesLessExpensesCY |
| Total Assets BOY | 2323294 | TotalAssetsBOY |
| Total Assets EOY | 2527140 | TotalAssetsEOY |
| Total Liabilities BOY | 232010 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 193952 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2091284 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2333188 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MANKATO AREA FOUNDATION PROVIDES AN AVENUE OF GIVING FOR INDIVIDUALS AND GROUPS INTERESTED IN COMMUNITY ENRICHMENT. THE FOUNDATION WORKS AS A KNOWLEDGEABLE MEDIUM SHAPING THE FUTURE OF GREATER MANKATO BY INITIATING, DEFINING, LEADING AND SUPPORTING PHILANTHROPIC INTERESTS TO MAKE A DIFFERENCE IN BUILDING A VIBRANT AND STRONG COMMUNITY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 86269 | Expense |
| Revenue | 137233 | Revenue |
| Description | MANKATO AREA FOUNDATION SERVES AS A LEADER AND RESOURCE TO ENRICH THE QUALITY OF LIFE IN GREATER MANKATO THROUGH VARIOUS GRANTMAKING PROGRAMS. WE CONSIDER A VARIETY OF PROGRAMS: PROGRAMS THAT EDUCATE AND ENLIGHTEN AREA CITIZENS; CULTURAL PROJECTS THAT ENHANCE COMMUNITY INFRASTRUCTURE; PROJECTS THAT PROVIDE USEFUL IMPROVEMENTS TO RECREATIONAL/LEISURE ACTIVITIES FOR ALL MEMBERS OF THE COMMUNITY; AESTHETIC PROJECTS OF COMMUNITY SITES; AND PROGRAMS THAT WILL ASSIST IN PRODUCING EMPOWERED, ACTIVE COMPETENT CITIZENS WITHIN OUR COMMUNITY. THIS FISCAL YEAR WE PROVIDED FUNDS TO ASSIST PROGRAMS FOR THE FOLLOWING: OPERATIONAL FUNDING OF CENTRAL FREEDOM SCHOOL,PROVIDING A SCHOOL STRUCTURE FOR AT RISK STUDENTS; FUNDING TO CREATE A DATABASE OF AREA ARTISTS; FUNDS TO PROVIDE FOR INTERNAL LEADERSHIP DEVELOPMENT OF A PROGRAM ASSISTING VETERANS; SCHOLARSHIPS THROUGH TWO LOCAL POST-SECONDARY INSTITUTIONS; AND PROVIDED FUNDS TO ASSIST WITH START UP COSTS DEVELOPING A MANKATO SCULPTURE TOUR. | Description |
| Total Program Service Expense | 86269 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 1 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 6 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 1 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Nbr Voting Governing Body Members | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicy |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Joan Untiedt | NamePerson |
| Telephone Number | 5073454519 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 EAST MAIN STREET STE 5 | AddressLine1 |
| City | MANKATO | City |
| State | MN | State |
| ZIP Code | 56001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|
| JESSICA BEYER | |||||
| SECRETARY | 1.50 | X | 0 | 0 | 0 |
| DAVID CHRISTENSEN | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| DENNIS DOTSON | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| JOHN FALLENSTEIN | |||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 |
| RANDY FARROW | |||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 |
| TONY FRENTZ | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| ANNE GANEY | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| MICHAEL JACOBS | |||||
| DIRECTOR | 1.50 | X | 0 | 0 | 0 |
| ERIK LEAGJELD | |||||
| TREASURER | 1.50 | X | 0 | 0 | 0 |
| TOM LIETHA | |||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 |
| ELAINE LILLY | |||||
| DIRECTOR | 1.50 | X | 0 | 0 | 0 |
| FRED LUTZ | |||||
| DIRECTOR | 1.50 | X | 0 | 0 | 0 |
| SUE OSTENDORF | |||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 |
| TAMI PAULSEN | |||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 |
| DAVID SCHOOFF | |||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 |
| JANE SCHWICKERT | |||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 |
| BRYAN SOWERS | |||||
| VICE PRESIDENT | 2.00 | X | 0 | 0 | 0 |
| JODY SWANSON | |||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 |
| DAVID SUNDERMAN | |||||
| CHAIRPERSON | 1.50 | X | 0 | 0 | 0 |
| STACEY STRAKA | |||||
| PAST CHAIRPERSON | 1.50 | X | 0 | 0 | 0 |
| SUR TARPY | |||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 |
| DAVID WITTENBERG | |||||
| DIRECTOR | 1.50 | X | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 165316 | AllOtherContributions |
| Total Contributions | 165316 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADMINISTRATIVE REVENUE | Description |
| Business Code | 561000 | BusinessCode |
| Total Revenue Column | 29137 | TotalRevenueColumn |
| Related Or Exempt Function Income | 29137 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 29137 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 45934 | TotalRevenueColumn |
| Exclusion | $45,934 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 368769 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 260673 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 108096 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 108096 | TotalRevenueColumn |
| Related Or Exempt Function Income | 108096 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 348483 | TotalRevenueColumn |
| Related Or Exempt Function Income | 137233 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $45,934 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67194 | Total |
| Program Services | 67194 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38150 | Total |
| Program Services | 19075 | ProgramServices |
| Management And General | 19075 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1846 | Total |
| Management And General | 1846 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2807 | Total |
| Management And General | 2807 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1802 | Total |
| Management And General | 1802 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8785 | Total |
| Management And General | 8785 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19638 | Total |
| Management And General | 19638 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7100 | Total |
| Management And General | 7100 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3165 | Total |
| Management And General | 3165 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6099 | Total |
| Management And General | 6099 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3887 | Total |
| Management And General | 3887 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1714 | Total |
| Management And General | 1714 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2122 | Total |
| Management And General | 2122 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| FUND RAISING DEVELOPMEN | 6793 | 6793 | |
| MEMBERSHIPS | 1140 | 1140 | |
| BOARD OF DIR EXPENSE | 1065 | 1065 | |
| AMORTIZATION | 432 | 432 | |
| MISCELANNEOUS | 103 | 103 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 173842 | Total |
| Program Services | 86269 | ProgramServices |
| Management And General | 80780 | ManagementAndGeneral |
| Fundraising | 6793 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6799 | BOY |
| EOY | 167850 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 355795 | BOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97174 | BOY |
| EOY | 54400 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1103 | BOY |
| EOY | 340 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 7356 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4071 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3848 | BOY |
| EOY | 3285 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1856592 | BOY |
| EOY | 2299282 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1983 | BOY |
| EOY | 1983 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2323294 | BOY |
| EOY | 2527140 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 373 | BOY |
| EOY | 1175 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 231413 | BOY |
| EOY | 189734 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 224 | BOY |
| EOY | 3043 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 232010 | BOY |
| EOY | 193952 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -45904 | BOY |
| EOY | 220549 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 468645 | BOY |
| EOY | 423737 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1668543 | BOY |
| EOY | 1688902 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2091284 | BOY |
| EOY | 2333188 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2323294 | BOY |
| EOY | 2527140 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 375565 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 250105 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 407939 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 171362 | CurrentTaxYearMinus1Year |
| Current Tax Year | 165316 | CurrentTaxYear |
| Total | 1370287 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 375565 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 250105 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 407939 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 171362 | CurrentTaxYearMinus1Year |
| Current Tax Year | 165316 | CurrentTaxYear |
| Total | 1370287 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 1370287 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 115481 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 186157 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 156626 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 72009 | CurrentTaxYearMinus1Year |
| Current Tax Year | 154030 | CurrentTaxYear |
| Total | 684303 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 2054590 | TotalSupport |
| Gross Receipts From Admissions Etc | 29137 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.66690 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.56440 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number DA Fs Held | 2 | NumberDAFsHeld |
| Donor Advised Contributions | 186300 | DonorAdvisedContributions |
| Grants Paid From Donor Funds | 0 | GrantsPaidFromDonorFunds |
| Aggregate DAF Value | 190747 | AggregateDAFValue |
| Disclosed Orgs Legal Control | 0 | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | 0 | DisclosedForCharitablePurposes |
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Beginning Balance | 231413 | BeginningBalance |
| Additions During Year | 261669 | AdditionsDuringYear |
| Distributions During Year | 303348 | DistributionsDuringYear |
| Ending Balance | 189734 | EndingBalance |
| Included On FS | 0 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1668543 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 140851 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 22000 | GrantsOrScholarships |
| Other Expenditures | 72675 | OtherExpenditures |
| Administrative Expenses | 25817 | AdministrativeExpenses |
| End Of Year Balance | 1688902 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7356 | OtherCostOrOtherBasis |
| Depreciation | 4071 | Depreciation |
| Book Value | 3285 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3285 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MINNEAPOLIS FOUNDATION LIMITED PTR | 2202186 | F |
| COPORATE BOND | 97096 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 2299282 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PAYROLL LIABILITY | Description |
| Amount | $3,043 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3043 | TotalOfAmounts |
| Total Revenue | 348483 | TotalRevenue |
| Total Expenses | 173842 | TotalExpenses |
| Excess Or Deficit For Year | 174641 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 67263 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 67263 | TotalAdjustments |
| Excess Or Deficit Per FS | 241904 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 396108 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 67263 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 67263 | RevenueNotRptdF990 |
| Revenue Subtotal | 328845 | RevenueSubtotal |
| Investment Expenses Not Included | 19638 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 19638 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 348483 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 154204 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 154204 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 19638 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 19638 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 173842 | TotalExpensesPerForm990 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | IRC SectionIRCSection |
|---|---|---|---|---|---|---|---|
| COUNTY OF BLUE EARTH | |||||||
| PO BOX 8741 | MANKATO | MN | 56002 | 416000310 | 14880 | OPERATIONAL FUNDING FOR THE CENTRAL FREEDOM SCHOOL, A SCHOOL FOR AT RISK STUDENTS. | |
| TWIN RIVERS CENTER FOR THE ARTS | |||||||
| PO BOX 293 | MANKATO | MN | 56002 | 200814939 | 5000 | FUNDS PROVIDED TO DEVELOP A DATABASE OF ARTISTS. | 501 (c)(3) |
| MINNESOTA AASSISTANCE COUNCIL FOR VETERANS | |||||||
| 360 ROVERT STREET N STE 306 | ST PAUL | MN | 55101 | 411694717 | 5000 | FUNDING TO PROVIDE FOR INTERNAL LEADERSHIP DEVELOPMENT FOR STAFF TO WORK WITH VETERANS. | 501 (c)(3) |
| MINNESOTA STATE UNIVERSITY MANKATOMSU FOUNDATION | |||||||
| 228 WIECKING CENTER | MANKATO | MN | 56001 | 411687554 | 12000 | PROVIDING FOR SCHOLARSHIPS. | |
| CITY CENTER PARTNERSHIPGREATER MANKATO GROWTH | |||||||
| 1961 PREMIER DRIVE STE 100 | MANKATO | MN | 56001 | 411446548 | 5000 | FUNDS TO PROVIDE START UP COSTS TO DEVELOP A SCULPTURE TOUR. | 501 (c)(6) |
| SOUTH CENTRAL COLLEGE FOUNDATION | |||||||
| 1920 LEE BLVD | NORTH MANKATO | MN | 56003 | 411649572 | 10000 | SCHOLARSHIPS | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 2 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 4 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: ALL SUCCESSFUL GRANTEES ARE REQUIRED TO SUBMIT A RECAP OF HOW THE FUNDS WERE USED UPON COMPLETION OF THEIR PROJECT. PROJECTS MUST HAVE A TIMELINE OF ONE YEAR OR LESS. SCHOLARSHIP APPLICANTS FOLLOW CRITERIA SET UP BY THE INDIVUAL ENDOWMENT. IN ADDITION THE FOUNDATION HAS A WRITTEN SCHOLARSHIP POLICY THAT IS FOLLOWED. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| STACEY STRAKA | |||
| OWNS A MARKETING COMPANY | 588 | HER COMPANY COMPLETED WORK FOR THE FOUNDATION. | 0 |
| MICHAEL JACOBS | |||
| IS AN ATTORNEY WITH A LOCAL FIRM | 338 | FIRM PROVIDED LEGAL WORK FOR THE FOUNDATION. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section A, line 4 | JUNE 15, 2010 UPDATED BY-LAWS WERE ADOPTED. THE BOARD OF DIRECTORS MUST BE AT LEAST 15 BUT NOT MORE THAN 23. IMPLEMENTED STAGGERED TERMS, TERMS BEING DEFINED AS FOUR YEARS IN LENGTH. THE MAXIMUM WHICH MAY BE SERVED IS TWO TERMS. ALSO ADDED THE ABILITY TO VOTE ELECTRONICALLY. |
| Form 990, Part VI, Section B, line 11 | COPY OF 990 IS EMAILED TO BOARD MEMBERS PRIOR TO FILING AND RECEIVES APPROVAL. |
| Form 990, Part VI, Section B, line 15a | THE EXECUTIVE COMMITTEE IS THE FINAL AUTHORITY. INFORMATION IS PROVIDED UTILIZING COMPENSATION STUDY BY MN COUNCIL OF NONPROFITS. THE COMMITTEE SUBSTANTIATES ALL INFORMATION IN THEIR MINUTES. |
| Form 990, Part VI, Section C, line 19 | DOCUMENTS ARE PROVIDED UPON REQUEST EITHER IN PERSON OR REQUESTED ELECTRONICALLY. FUTURE PLANS INCLUDE USE OF ORGANIZATION'S WEBSITE TO PROVIDE INFORMATION. |
| AUDIT OVERSIGHT IS WITH THE FINANCE COMMITTE, ULTIMATELY PRESENTED TO THE FULL BOARD FOR APPROVAL. |