2011-05-16T15:39:38-05:00 2010-06-30 ABDO EICK & MEYERS LLP 11 CIVIC CENTER PLAZA SUITE 300 MANKATO MN 56001 990 2009-07-01 410011094 MANKATO AREA FOUNDATION MANK 5073894583 220 EAST MAIN STREET STE 5 MANKATO MN 56001 ERIK LEAGJELD 5073894583 2011-05-11 1 ERIK R LEAGJELD CPA 5076252727 2011-05-11 2009 2016-02-24 21:20:13Z ERIK LEAGJELD 220 EAST MAIN STREET STE 5 MANKATO MN 56001 609156 0 X WWW.MANKATOAREAFOUNDATION.COM X 1974 MN 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. 22 22 1 22 0 0 171362 165316 29137 -280747 154030 0 -109385 348483 79951 67194 0 50431 42803 0 6793 80361 63845 210743 173842 -320128 174641 2323294 2527140 232010 193952 2091284 2333188 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. 0 0 86269 137233 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. 86269 1 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 6 0 1 1 0 0 0 0 0 0 0 22 22 0 0 1 0 0 0 0 1 1 0 0 1 0 0 0 1 0 0 MN X Joan Untiedt 5073454519 220 EAST MAIN STREET STE 5 MANKATO MN 56001 X JESSICA BEYER 1.50 X 0 0 0 DAVID CHRISTENSEN 1.00 X 0 0 0 DENNIS DOTSON 1.00 X 0 0 0 JOHN FALLENSTEIN 0.50 X 0 0 0 RANDY FARROW 0.50 X 0 0 0 TONY FRENTZ 1.00 X 0 0 0 ANNE GANEY 1.00 X 0 0 0 MICHAEL JACOBS 1.50 X 0 0 0 ERIK LEAGJELD 1.50 X 0 0 0 TOM LIETHA 0.50 X 0 0 0 ELAINE LILLY 1.50 X 0 0 0 FRED LUTZ 1.50 X 0 0 0 SUE OSTENDORF 0.50 X 0 0 0 TAMI PAULSEN 0.50 X 0 0 0 DAVID SCHOOFF 0.50 X 0 0 0 JANE SCHWICKERT 0.50 X 0 0 0 BRYAN SOWERS 2.00 X 0 0 0 JODY SWANSON 0.50 X 0 0 0 DAVID SUNDERMAN 1.50 X 0 0 0 STACEY STRAKA 1.50 X 0 0 0 SUR TARPY 0.50 X 0 0 0 DAVID WITTENBERG 1.50 X 0 0 0 0 0 0 0 0 0 0 0 165316 165316 ADMINISTRATIVE REVENUE 561000 29137 29137 29137 45934 45934 368769 260673 108096 108096 108096 348483 137233 0 45934 67194 67194 38150 19075 19075 1846 1846 2807 2807 1802 1802 8785 8785 19638 19638 7100 7100 3165 3165 6099 6099 3887 3887 1714 1714 2122 2122 FUND RAISING DEVELOPMEN 6793 6793 MEMBERSHIPS 1140 1140 BOARD OF DIR EXPENSE 1065 1065 AMORTIZATION 432 432 MISCELANNEOUS 103 103 173842 86269 80780 6793 6799 167850 355795 97174 54400 1103 340 7356 4071 3848 3285 1856592 2299282 1983 1983 2323294 2527140 373 1175 231413 189734 224 3043 232010 193952 X -45904 220549 468645 423737 1668543 1688902 2091284 2333188 2323294 2527140 X 0 1 1 X 0 X 375565 250105 407939 171362 165316 1370287 375565 250105 407939 171362 165316 1370287 1370287 115481 186157 156626 72009 154030 684303 2054590 29137 0.66690 0.56440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 186300 0 190747 0 0 0 231413 261669 303348 189734 0 1668543 140851 22000 72675 25817 1688902 0 0 7356 4071 3285 3285 MINNEAPOLIS FOUNDATION LIMITED PTR 2202186 F COPORATE BOND 97096 F 2299282 PAYROLL LIABILITY 3043 3043 348483 173842 174641 67263 67263 241904 396108 67263 67263 328845 19638 19638 348483 154204 0 154204 19638 19638 173842 1 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 501 (c)(3) 5000 FUNDS PROVIDED TO DEVELOP A DATABASE OF ARTISTS. MINNESOTA AASSISTANCE COUNCIL FOR VETERANS 360 ROVERT STREET N STE 306 ST PAUL MN 55101 411694717 501 (c)(3) 5000 FUNDING TO PROVIDE FOR INTERNAL LEADERSHIP DEVELOPMENT FOR STAFF TO WORK WITH VETERANS. 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 501 (c)(6) 5000 FUNDS TO PROVIDE START UP COSTS TO DEVELOP A SCULPTURE TOUR. SOUTH CENTRAL COLLEGE FOUNDATION 1920 LEE BLVD NORTH MANKATO MN 56003 411649572 10000 SCHOLARSHIPS 2 4 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: 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. 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 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.