EIN 41-1555592

Southwest Initiative Foundation

IRS 501(c) type
501(c)(3)
Num. employees
26
City
Hutchinson
Year formed
1986
Most recent tax filings
2022-06-01
NTEE code, primary
Description
The Southwest Initiative Foundation connects people, invests in ideas and builds communities. Its 12-member volunteer board of directors represents diverse geographic locations, professions, races, ethnicities and backgrounds. The foundation has aligned its community impact, economic development and philanthropy work with a comprehensive approach to help build stronger communities.
Total revenues
$19,655,047
2022
Total expenses
$11,284,034
2022
Total assets
$100,435,349
2022
Num. employees
26
2022

Grants made by Southwest Initiative Foundation

GranteeGrant descriptionAmount
Minnesota River Area Agency on AgingAge Friendlycommunity Building Project (Phase 5)$79,100
Prairie Five Community Action CouncilChild Care Specialist 2021; CTC Promotion and Vita Free Tax Clinic; Group Cda Course$49,500
Blue and Gold Educational Foundation of District 891Fiscal Year 2022 Disbursement; Canby High School Scholarship Awards$46,224
...and 56 more grants made totalling $886,405

Who funds Southwest Initiative Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Bush FoundationSouthwest Initiative Foundation Will Manage the Archibald Bush Legacy Fund, An Endowed Fund To Make Post-Secondary Education Accessible for High School Students in Yellow Medicine East (Yme) School District in Granite Falls, Minnesota. As Administrator of the Fund, SMPF Will Partner With A Scholarship Provider To Award Scholarships and Other Services To Yme Students Seeking To Pursue Higher Education Opportunities, With An Emphasis on Students From Underrepresented Communities. the Archibald Bush Legacy Fund Expands the Foundation's Long-Term Commitment Established By Archie Bush To Education and the Cities of ST, Paul and Granite Falls, MN.$2,700,000
Margaret A Cargill FoundationBelonging, Anti-Hate, and Anti-Racism in Rural Minnesota$1,250,000
The McKnight FoundationFor General Operating Support$500,000
...and 19 more grants received totalling $5,566,777

Personnel at Southwest Initiative Foundation

NameTitleCompensation
Scott MarquardtPresident$115,004
Margie NelsenChief Financial Officer$123,505
Marie ZimmermanCommunications Manager
Tiffany BarnardGift Officer
Jenelle StirasSalesforce Project Manager
...and 12 more key personnel

Financials for Southwest Initiative Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$11,533,461
Program services$717,847
Investment income and dividends$6,842,315
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$75,181
Net gain from sale of non-inventory assets$486,243
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$19,655,047

Form 990s for Southwest Initiative Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2021-062022-05-13990View PDF
2020-062021-04-06990View PDF
2019-062020-06-26990View PDF
2018-062019-11-04990View PDF
...and 8 more Form 990s

Organizations like Southwest Initiative Foundation

OrganizationLocationRevenue
Southern Minnesota Initiative Foundation (SMIF)Owatonna, MN$22,164,085
New ProfitBoston, MA$22,156,350
Initiative FoundationLittle Falls, MN$18,836,412
Community Foundation of Northeast IowaCedar Falls, IA$11,303,859
The Pittsburgh FoundationPittsburgh, PA$91,513,611
Bon Secours Mercy Health FoundationCincinnati, OH$63,081,435
Collaboratory / Southwest Florida Community Foundation IncFort Myers, FL$21,592,217
Quad Cities Community Foundation (CFGRB)Bettendorf, IA$12,042,072
Points of Light FoundationAtlanta, GA$29,278,517
University City Science CenterPhiladelphia, PA$32,276,432
Data update history
January 1, 2024
Received grants
Identified 15 new grant, including a grant for $2,700,000 from Bush Foundation
October 23, 2023
Received grants
Identified 2 new grant, including a grant for $7,000 from Saint Paul and Minnesota Foundation
August 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Political advocacyOperates donor advised fundsProvides grantsLobbyingNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donations
General information
Address
15 3rd Ave NW
Hutchinson, MN 55350
County
McLeod County, MN
Website URL
swifoundation.org/ 
Phone
(320) 587-4848
Facebook page
SouthwestInitiativeFoundation 
Twitter profile
@mn_core 
IRS details
EIN
41-1555592
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
Free account sign-up

Want updates when Southwest Initiative Foundation has new information, or want to find more organizations like Southwest Initiative Foundation?

Create free Cause IQ account