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.
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 | | 2024-09-20 |
| Brian Conzemius | Vice President Chief Financial Officer | $133,350 | 2024-09-20 |
| Alissa Oeltjenbruns | Vice President of Philanthropy and Community Vitality | | 2024-09-20 |
| Katie Godfrey Demmer | Communications Director | | 2024-09-20 |
| Aaron Johnson | Philanthropy Director | | 2024-09-20 |
| ...and 14 more key personnel |
Financials for SMIF
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $4,779,553 | $18,206,800 | -73.7% |
| Program services | $183,507 | $184,745 | -0.7% |
| Investment income and dividends | $1,574,737 | $2,242,092 | -29.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-646,996 | $1,536,395 | -142.1% |
| Net income from fundraising events | $-10,310 | $5,123 | -301.2% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $-3,591 | $-11,070 | 67.6% |
| Total revenues | $5,876,900 | $22,164,085 | -73.5% |
Organizations like SMIF
| Organization | Type | Location | Revenue |
|---|
| Initiative Foundation | 501(c)(3) | Little Falls, MN | $10,031,903 |
| Mon Valley Initiative (MVI) | 501(c)(3) | Homestead, PA | $14,993,148 |
| Invest Detroit | 501(c)(3) | Detroit, MI | $24,220,233 |
| Battle Creek Unlimited (BCU) | 501(c)(3) | Battle Creek, MI | $19,224,833 |
| West Virginia Community Development Hub | 501(c)(3) | Charleston, WV | $2,815,051 |
| Greater Sacramento Area Economic Council | 501(c)(3) | Sacramento, CA | $2,910,340 |
| Staten Island Economic Development Corporation | 501(c)(3) | Staten Island, NY | $2,385,997 |
| Community Lift Corporation | 501(c)(3) | Memphis, TN | $2,445,286 |
| Enterprise Florida (EFI) | 501(c)(3) | Orlando, FL | $16,140,627 |
| Missouri Enterprise | 501(c)(3) | Rolla, MO | $4,537,563 |
Data update history
September 20, 2024
Updated personnel
Identified 7 new personnel
August 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 1, 2024
Received grants
Identified 6 new grant, including a grant for $1,000,000 from The McKnight Foundation Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Operates donor advised fundsProvides grantsLobbyingFundraising eventsState / local levelReceives government fundingEndowed supportTax deductible donationsAccepts online 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
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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