Program areas at SMIF
Southern Minnesota Initiative Foundation provides grants, loans and technical assistance to businesses, local governments and nonprofit organizations that accelerate the creation of new businesses and innovative ventures that will shape our economy through partnerships in our region.
Southern Minnesota Initiative Foundation administers the americorps-southern Minnesota grant focusing on early childhood. Supported americorps members serve in non-profits and schools throughout the 20 county area working with preschool children on early literacy, social-emotional, and school readiness support
Southern Minnesota Initiative Foundation provides grants, educational resources and technical assistance to local governments, community partnerships and nonprofit organizations in early childhood education. The early childhood program provides resources that strengthen early childhood efforts so that young children will have a healthy life of learning, achieving and succeeding.
Community foundations and affiliate funds
Who funds Southern Minnesota Initiative Foundation (SMIF)
Grants from foundations and other nonprofits
Personnel at SMIF
| Name | Title | Compensation | Date of data |
|---|
| Tim Penny | President and Chief Executive Officer | | 2023-07-27 |
| Brian Conzemius | Chief Financial Officer | $132,810 | 2023-11-09 |
| Alissa Oeltjenbruns | Vice President of Philanthropy | | 2023-07-27 |
| Katie Godfrey Demmer | Communications Director | | 2023-07-27 |
| Christopher Mazziotto | Director of Business Development | | 2023-07-27 |
| ...and 14 more key personnel |
Financials for SMIF
| Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
|---|
| Total grants, contributions, etc. | $18,206,800 | $15,422,166 | 18.1% |
| Program services | $184,745 | $208,688 | -11.5% |
| Investment income and dividends | $2,242,092 | $1,265,809 | 77.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $1,536,395 | $3,091,213 | -50.3% |
| Net income from fundraising events | $5,123 | $13,882 | -63.1% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $-11,070 | $0 | -999% |
| Total revenues | $22,164,085 | $20,001,758 | 10.8% |
Organizations like SMIF
| Organization | Type | Location | Revenue |
|---|
| Southwest Initiative Foundation | 501(c)(3) | Hutchinson, MN | $19,655,047 |
| Nebraska Community Foundation (NCF) | 501(c)(3) | Lincoln, NE | $51,510,146 |
| Initiative Foundation | 501(c)(3) | Little Falls, MN | $18,836,412 |
| Inland Empire Community Foundation (TCF) | 501(c)(3) | Riverside, CA | $38,980,191 |
| East Tennessee Foundation (ETF) | 501(c)(3) | Knoxville, TN | $25,934,976 |
| Community Foundation of Greater Dubuque | 501(c)(3) | Dubuque, IA | $18,173,016 |
| Fairfield County's Community Foundation | 501(c)(3) | Norwalk, CT | $46,758,216 |
| San Antonio Area Foundation | 501(c)(3) | San Antonio, TX | $68,911,493 |
| The Indianapolis Foundation | 501(c)(3) | Indianapolis, IN | $46,491,674 |
| Bon Secours Mercy Health Foundation | 501(c)(3) | Cincinnati, OH | $63,081,435 |
Data update history
January 1, 2024
Received grants
Identified 6 new grant, including a grant for $1,000,000 from The McKnight Foundation December 24, 2023
Received grants
Identified 15 new grant, including a grant for $153,515 from ServeMinnesota November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 28, 2023
Updated personnel
Identified 2 new personnel
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Operates donor advised fundsProvides grantsLobbyingFundraising eventsState / local levelReceives government fundingEndowed supportProvides scholarshipsAuction fundraisersTax deductible donations
General information
- Address
- 525 Florence Ave
- Owatonna, MN 55060
- County
- Steele County, MN
- Website URL
- smifoundation.org/Â
- Phone
- (507) 455-3215
- Twitter profile
- @smifoundÂ
IRS details
- EIN
- 36-3454285
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1986
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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