2026-05-11T16:00:49-05:00 2025-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-07-01 410011094 Mankato Area Foundation MANK 5073894583 212 E Walnut St 1 Mankato MN 56001 Tana Torseth Treasurer 5073894583 2026-05-08 1 1 Deb Nelson CPA P01264758 6122536500 2026-05-08 2024 2025-03-06 01:10:19Z Nancy Zallek 212 E Walnut St 1 Mankato MN 56001 25894844 0 X www.mankatoareafoundation.com X 1974 MN To be a trusted resource that connects donors with causes they care about. 19 19 9 30 421 0 6048373 3602680 41076 47132 943536 4950892 112696 154989 7145681 8755693 4060331 4059579 0 0 672106 810082 0 0 239181 544803 578934 5277240 5448595 1868441 3307098 34424338 35969140 4537493 5094712 29886845 30874428 The Mankato Area Foundation is a trusted resource that connects donors with causes they care about, provides funding to enhance our region and serves as a collaborative community partner. 0 0 4767078 4059579 47132 The Foundation awarded grants through its Community Fund, designated funds, and donor-advised funds to enhance the livability and vibrancy of the Greater Mankato area. Additionally, the Consultant in Residency Fund provided critical support to nonprofit organizations by offering access to expert consulting services to strengthen their operations. Through strategic partnerships, resources, and community connections, the Foundation played a key role in supporting nonprofits as they worked to meet critical community needs. 4767078 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 18 0 1 9 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X Samantha Spicer 5073447910 212 E Walnut St Suite 1 Mankato MN 56001 Leah Davis Chair 2.00 X X 0 0 0 Christina Bohlke Vice-Chair 1.00 X X 0 0 0 Seth Ferkenstad Treasurer 1.00 X X 0 0 0 Brittany King-Asamoa Secretary 1.00 X X 0 0 0 Melissa Bradley Director 1.00 X 0 0 0 Jennifer Pfeffer Director 1.00 X 0 0 0 Sarah Richards Director 1.00 X 0 0 0 Erin Kragh Director 1.00 X 0 0 0 Bob Beadell Director 1.00 X 0 0 0 Tim Huebsch Director 1.00 X 0 0 0 Michael Robinson Director (thru Apr. '24) 1.00 X 0 0 0 Marcia Bahr Director 1.00 X 0 0 0 Art Westphal Director 1.00 X 0 0 0 Michelle Schooff Director 1.00 X 0 0 0 Amanda Heilman Director 1.00 X 0 0 0 Stephanie Stoffell Director 1.00 X 0 0 0 Belen Fernandez Director 1.00 X 0 0 0 Michael Kittelson Director 1.00 X 0 0 0 Kim Literovich Director 1.00 X 0 0 0 Marissa Robling Director 1.00 X 0 0 0 Nancy Zallek President & CEO 40.00 X 128911 0 21590 Ashley Eimer VP of Philanthropy 40.00 X 105976 0 11732 Samantha Spicer Finance Director 40.00 X 76464 0 10654 311351 0 43976 2 0 1 0 WEB Construction 320 St Andrews Drive suite 100 Mankato MN 56001 Construction 294383 1 3602680 1095994 3602680 Administrative Fees 561000 47132 47132 47132 933423 933423 21156620 17139151 4017469 4017469 4017469 CAM Income 900099 151745 151745 Interfund Transfer 900099 2823 2823 Charging Station 900099 421 421 154989 8755693 47132 421 5105460 4059579 4059579 389952 135472 150347 104133 333112 230998 44291 57823 7690 5732 730 1228 28444 22581 2023 3840 50884 26460 13230 11194 41475 41475 148553 148553 16419 3283 6568 6568 54519 47447 3831 3241 31958 16618 8309 7031 80128 80128 4535 2358 1179 998 98750 91793 6957 15492 7417 8075 Development Expense 38799 38799 Life Insurance Premium 19104 19104 Grant Operating Expense 6389 6389 22813 11719 6768 4326 5448595 4767078 442336 239181 1298245 193871 31544 41493 13848 21838 3592069 585817 2892772 3006252 30187929 32705686 34424338 35969140 55998 72404 26900 12300 4454595 5010008 4537493 5094712 X 27534073 28355696 2352772 2518732 29886845 30874428 34424338 35969140 3307098 -2319515 0 X 0 1 X 1 0 X 3462729 5048055 5354820 6048373 3602680 23516657 3462729 5048055 5354820 6048373 3602680 23516657 3786787 19729870 326325 397154 536872 714810 933423 2908584 106794 154568 261362 26686603 252848 0.73930 0.78050 X Schedule A, Part II, Line 10, Explanation of Other Income: CAM Income - 2023 Amount: $ 106,794. 2024 Amount: $ 151,745. Interfund Transfer - 2024 Amount: $ 2,823. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 98 37 2588102 876886 3453073 1209813 19030794 3521809 1 1 0 1 X 2352772 35080 215687 84807 2518732 2605038 77520 -256654 73132 2352772 2395373 271641 61976 2605038 2827447 30500 -363210 99364 2395373 2404880 43050 612841 233324 2827447 0.00000 0.62298 0.37702 0 0 175000 220000 395000 1251664 1762876 480991 2533549 182529 104826 77703 3006252 X 6287625 -2319515 -2319515 8607140 148553 148553 8755693 5300042 0 5300042 148553 148553 5448595 Part IV, Line 2b: Agency funds are held for other nonprofit organizations. In addition, temporary projects are held as a fiscal sponsored fund until completion. The Foundation receives and invests the dollars in our pooled investment account. The cash is recorded in investment accounts 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: The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 Alano Society of Mankato Inc PO Box 731 Mankato MN 56002 810397676 501(c)(3) 25000 0 Program assistance Alzheimer's Association 225 N Michigan Ave FL 17 Chicago IL 60601 133039601 501(c)(3) 10000 0 Program assistance American Red Cross PO Box 37839 Boone IA 500370839 530196605 501(c)(3) 21000 0 Program assistance American Red Cross serving Southern Minnesota 421 E Hickory St Ste 403 Mankato MN 560012637 530196605 501(c)(3) 11000 0 Program assistance Arts Center of Saint Peter 315 S Minnesota Ave Saint Peter MN 56082 411363831 501(c)(3) 12000 0 Program assistance BENCHS 1250 N River Dr Mankato MN 56001 411236942 501(c)(3) 10000 0 Program assistance Blue Earth County Historical Society 424 Warren St Mankato MN 56001 237289370 501(c)(3) 9600 0 Program assistance CADA Inc PO BOX 466 100 Stadium Ct Mankato MN 560020466 411379525 501(c)(3) 41957 0 Program assistance Center for Disaster Philanthropy Inc Attn Accounts Receivable PO Box 7412338 Chicago IL 60674 455257937 501(c)(3) 10000 0 Program assistance Children's Cup PO Box 400 Prairieville LA 70769 421385361 501(c)(3) 8000 0 Program assistance Children's Museum of Southern Minnesota 224 Lamm St Mankato MN 56001 204351801 501(c)(3) 538517 0 Program assistance Christ the King Lutheran Church 222 Pfau St Mankato MN 56001 410885992 501(c)(3) 37480 0 Program assistance Coastal Community Church 6800 N University Dr Parkland FL 33067 263237585 501(c)(3) 65000 0 Program assistance College of St Benedict Financial Aid Office 37 S College Ave St Joseph MN 56374 501(c)(3) 10000 0 Program assistance Colorado State University Foundation C138 Clark Fort Collins CO 805231701 237098397 501(c)(3) 15000 0 Program assistance Community Foundation of Greater Des Moines 1915 Grand Ave Des Moines IA 50309 426139033 501(c)(3) 25000 0 Program assistance Concordia Classical Academy 2101 LorRay Dr North Mankato MN 56003 410832484 501(c)(3) 20000 0 Program assistance Connections Ministry 800 S Front St Mankato MN 56001 813920157 501(c)(3) 27833 0 Program assistance Crossview Covenant Church 2000 Howard Dr W North Mankato MN 56003 416039343 501(c)(3) 10000 0 Program assistance Denison University 100 W College St PO Box 2007 Mount Vernon OH 430507207 314379459 501(c)(3) 5500 0 Program assistance ECHO Food Shelf 1014 S Front St PO Box 3212 Mankato MN 560023212 411429214 501(c)(3) 233700 0 Program assistance Edina Community FoundationMinnesota Sled Hockey Association-Mankato 4801 W 50th St Edina MN 55424 411315037 501(c)(3) 10248 0 Program assistance Educare Foundation PO Box 241 Mankato MN 560020241 411745553 501(c)(3) 10500 0 Program assistance Face It Foundation 3550 Lexington Ave N Suite 106 Shoreview MN 55126 271391950 501(c)(3) 10000 0 Program assistance Feeding Our Communities Partners 2120 Howard Dr W Ste J North Mankato MN 560034462 272374187 501(c)(3) 95150 0 Program assistance First Presbyterian Church PO Box 420 Lake Crystal MN 56055 501(c)(3) 84500 0 Program assistance Good Counsel Learning Center Inc 302 Warren St Box 1937 Mankato MN 56002 611915154 501(c)(3) 10750 0 Program assistance Goodwill-Easter Seals Minnesota 553 Fairview Ave N Saint Paul MN 551041708 410706171 501(c)(3) 9000 0 Program assistance Grace Lutheran Church 110 N 4th St Mankato MN 56001 416006451 501(c)(3) 76804 0 Program assistance Greater Mankato Area United Way 127 S Second St 190 Mankato MN 56001 416008819 501(c)(3) 253950 0 Program assistance Gustavus Adolphus College 800 West College Ave Saint Peter MN 56082 410695524 501(c)(3) 48225 0 Program assistance Hole in the Wall Gang Fund Inc 555 Long Wharf Dr Ste 11 New Haven CT 065115961 061157655 501(c)(3) 25000 0 Program assistance Hope Haven Inc 1800 19th St PO Box 70 Rock Valley IA 51247 420890017 501(c)(3) 5500 0 Program assistance Hosanna Lutheran Church 105 Hosanna Dr Mankato MN 56001 501(c)(3) 45000 0 Program assistance Iowa State University Foundation 2505 University Blvd Ames IA 50010 421143702 501(c)(3) 67500 0 Program assistance Junior Achievement North - Greater Mankato Area PO BOX 153 Madison Lake MN 560630153 411424988 501(c)(3) 20300 0 Program assistance Kiwanis Camp Patterson PO Box 4334 Mankato MN 560024334 416032182 501(c)(3) 79000 0 Program assistance Kiwanis Holiday Lights Inc PO Box 602 Mankato MN 560020602 454467398 501(c)(3) 7483 0 Program assistance Lake Crystal Area Recreation Center 621 W Nathan St Lake Crystal MN 56055 411867907 501(c)(3) 20000 0 Program assistance LEEP 1315 Stadium Rd Mankato MN 56001 411403190 501(c)(3) 16428 0 Program assistance LeTourneau University 2100 S Mobberly AVe PO Box 7001 Longview TX 75607 501(c)(3) 10000 0 Program assistance Life-Work Planning Center 127 S Second St 210 Mankato MN 56001 411357220 501(c)(3) 18000 0 Program assistance Living Earth Center 1603 N Riverfront Dr Mankato MN 56001 822097995 501(c)(3) 8333 0 Program assistance Loyola Catholic School 145 Good Counsel Dr Mankato MN 56001 410914356 501(c)(3) 9000 0 Program assistance LSS Youth Resource Center - Mankato 125 E Liberty St Mankato MN 56001 410872993 501(c)(3) 6000 0 Program assistance Mankato Area Hockey Association PO Box 331 Mankato MN 560020331 237417715 501(c)(3) 100000 0 Program assistance Mankato Area Public Schools 10 Civic Center Plaza 1 Mankato MN 56001 416000310 501(c)(3) 23250 0 Program assistance Mankato Christian Academy PO Box 877 Mankato MN 560020877 921071838 501(c)(3) 10000 0 Program assistance Mankato East High School 2600 Hoffman Rd Mankato MN 56001 416000310 501(c)(3) 6716 0 Program assistance Mankato Family YMCA 1401 S Riverfront Dr Mankato MN 560012413 410739108 501(c)(3) 31632 0 Program assistance Mankato Salvation Army 700 S Riverfront Dr Mankato MN 56001 362167910 501(c)(3) 15550 0 Program assistance Mankato Symphony Orchestra PO Box 645 Mankato MN 560020645 237319396 501(c)(3) 52715 0 Program assistance Mankato Youth Place (MY Place) 1315 Stadium Rd Mankato MN 56001 842745924 501(c)(3) 93750 0 Program assistance Martin Luther High School 315 Martin Luther Dr Northrop MN 56075 411451098 501(c)(3) 10000 0 Program assistance Mayo Foundation 200 First St SW Rochester MN 55905 411663357 501(c)(3) 6000 0 Program assistance Midwest Art Catalyst 115 S Broad St Mankato MN 56001 451056783 501(c)(3) 41174 0 Program assistance Minnesota Assistance Council for Veterans 724 Madison Ave Mankato MN 56001 411694717 501(c)(3) 8500 0 Program assistance Minnesota Council of Churches 501 S Second St Mankato MN 56001 410693871 501(c)(3) 8000 0 Program assistance Minnesota State University Mankato 325 Wigley Administration Center Mankato MN 56001 411687554 State of MN 10000 0 Program assistance Minnesota State University Mankato Foundation 126 Alumni Foundation Ctr Mankato MN 56001 416033423 501(c)(3) 90550 0 Program assistance Minnesota State University Mankato-Financial Aid Student Financial Services 120 Wigley Administration Ctr Mankato MN 56001 411687554 State of MN 16750 0 Program assistance Minnesota Valley Lutheran High School 45638 561st Ave New Ulm MN 56073 411351315 501(c)(3) 15000 0 Program assistance Monroe Elementary PTO 441 Monroe Ave North Mankato MN 56003 991427176 501(c)(3) 15000 0 Program assistance MRCI 1750 Energy Dr Mankato MN 56001 410736870 501(c)(3) 7500 0 Program assistance Mu Chapter of Sigma Chi Foundation PO Box 415 Granville OH 43023 311601500 501(c)(3) 10000 0 Program assistance Nicollet County Historical Society 1851 N Minnesota Ave Saint Peter MN 56082 410871254 501(c)(3) 20000 0 Program assistance Old Town Collaborative 629 N Riverfront Dr Mankato MN 560013452 852519943 501(c)(3) 16500 0 Program assistance Our Savior's Lutheran Church 1103 N Broad St Mankato MN 56001 410782860 501(c)(3) 16909 0 Program assistance Partners for Housing 514 S Riverfront Dr Mankato MN 56001 363333949 501(c)(3) 17200 0 Program assistance Playwrights Center 2301 E Franklin Ave Minneapolis MN 55406 416170139 501(c)(3) 10000 0 Program assistance ProMusica Minnesota PO Box 2148 Mankato MN 56002 851551004 501(c)(3) 9250 0 Program assistance Rapidan Heritage Society Inc 55186 190th St Mankato MN 56001 300244427 501(c)(3) 6000 0 Program assistance Region Nine Development Commission 3 Civic Center Plz Ste 310 Mankato MN 560017790 410995425 501(c)(3) 165500 0 Program assistance Resurrection Lutheran Church 1735 E Main St Mankato MN 56001 501(c)(3) 18171 0 Program assistance Risen Savior Lutheran School 416 W 7th St Mankato MN 56001 454035983 501(c)(3) 15000 0 Program assistance Rush City Education Foundation PO Box 153 Rush City MN 55069 472111091 501(c)(3) 15000 0 Program assistance SissyMarySue Education Fund 1130 Riverside Dr SE ste 2 Mankato MN 56001 863472000 501(c)(3) 10000 0 Program assistance South Central College Foundation 1920 Lee Blvd North Mankato MN 56003 411649572 501(c)(3) 82600 0 Program assistance South Dakota State University Office of Financial Aid Box 511 A 1451 Stadium Rd Fargo SD 58108 466000364 State of SD 10950 0 Program assistance St John the Baptist Catholic Church 632 S Broad St Mankato MN 56001 410724078 501(c)(3) 9000 0 Program assistance St John's Episcopal Church PO Box 1119 Mankato MN 560021119 411051216 501(c)(3) 6000 0 Program assistance St Paul Lutheran Church 304 Monroe Ave North Mankato MN 56003 410834570 501(c)(3) 15000 0 Program assistance St Peter Area Food Shelf 201B South Third St St Peter MN 56082 411761515 501(c)(3) 17000 0 Program assistance St Thomas More Catholic Newman Center Parish of Mankato Minnesota 1502 Warren St Mankato MN 56001 410855927 501(c)(3) 7500 0 Program assistance Tee It Up For The Troops Attn Mankato Events Manager 515 W Travelers Trl Burnsville MN 55337 202974507 501(c)(3) 5500 0 Program assistance The Mankato Makerspace 1700 3rd Ave Mankato MN 56001 814276921 501(c)(3) 50000 0 Program assistance The Oak Clinic 3838 Massillon Rd Uniontown OH 44685 341930683 501(c)(3) 10000 0 Program assistance The Salvation Army 2445 Prior Ave N Roseville MN 55113 410698597 501(c)(3) 5100 0 Program assistance Twin Rivers Council for the Arts PO Box 293 Mankato MN 560020293 200814939 501(c)(3) 100346 0 Program assistance Twin Valley Council Boy Scouts of America 810 Madison Ave Mankato MN 56001 416079300 501(c)(3) 19050 0 Program assistance United Healthcare Children's Foundation Inc PO Box 860734 Minneapolis MN 554860734 522177891 501(c)(3) 10000 0 Program assistance University of Central Oklahoma Foundation 100 N University Dr Edmond OK 73034 736108032 501(c)(3) 16000 0 Program assistance University of Wisconsin River Falls Foundation 410 S 3rd St 310 South Hall River Falls WI 540225010 396064630 501(c)(3) 50000 0 Program assistance VINE Faith in Action 421 E Hickory St Mankato MN 56001 411802861 501(c)(3) 53900 0 Program assistance WellShare International 113 E Hickory St Mankato MN 560013630 411397062 501(c)(3) 10000 0 Program assistance West Hancock Community Schools Attn Beth Degroote 420 9th Ave SW Britt IA 50423 501(c)(3) 6930 0 Program assistance West Hancock Scholarship and Loan Fund Inc Attn Paul Kumsher PO Box 91 Britt IA 50423 421217415 501(c)(3) 7000 0 Program assistance Winona State University 175 W Mark St Box 5838 Winona MN 55987 State of MN 19600 0 Program assistance Wolf Ridge Environmental Learning Center 6282 Cranberry Rd Finland MN 55603 411251705 501(c)(3) 11500 0 Program assistance YWCA Mankato 222 Pfau St Mankato MN 56001 410711619 501(c)(3) 15000 0 Program assistance 100 0 Part I, Line 2: Grants - all successful grantees are requested to submit a report describing how funds were used upon completion of their project. Projects must have a timeline of one year or less. X X X 0 0 0 0 0 0 0 0 0 Nancy Zallek President & CEO 128911 0 0 0 0 0 3961 0 24123 0 156995 0 0 0 X 59 1088805 Ave Price On Trade Date X Grain 3 7190 FMV 0 0 1 1 Part I, Column (b): The organization reports the number of contributions in column (b). Part I, Line 32b: When the organization has property or land to sell they contract with a developer to handle the sale. Form 990, Part VI, Section A, line 1a 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 B, line 11b The Treasurer and Finance Director 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, conflict of interest policy, financial statements, and Form 990 are provided to the public upon request. MAF Holdings LLC 212 E Walnut St Suite 1 Mankato MN 56001 845079675 Manages non-cash assets. MN 150770 1904926 Mankato Area Foundation Inc MAF Holdings II LLC 212 E Walnut St Suite 1 Mankato MN 56001 845161420 Manages non-cash assets. MN 0 0 MAF Holdings LLC MAF Holdings III LLC 212 E Walnut St Suite 1 Mankato MN 56001 850749907 Manages electric vehicle charging station MN 421 9684 MAF Holdings LLC MAF Holdings IV LLC 212 E Walnut St Suite 1 Mankato MN 56001 853471731 Manages non-cash asset. MN 0 0 MAF Holdings LLC MAF Holdings V LLC 212 E Walnut St Suite 1 Mankato MN 56001 883135551 Manages non-cash asset. MN 0 0 MAF Holdings LLC MAF Holdings VI LLC 212 E Walnut St Suite 1 Mankato MN 56001 921717816 Manages non-cash asset. MN 1614877 1231509 MAF Holdings LLC