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EIN 41-1555592

Southwest Initiative Foundation

IRS 501(c) type
501(c)(3)
Num. employees
27
City
Hutchinson
State
Minnesota
Year formed
1986
Most recent tax filings
2023-06-01
NTEE code, primary
S30: Economic Development
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
$13,272,478
2023
Total expenses
$10,336,099
2023
Total assets
$108,175,659
2023
Num. employees
27
2023

Grants made by Southwest Initiative Foundation

GranteeGrant descriptionAmount
Granite Falls Municipal Hospital and ManorRichter Field Improvements, Yme Softball Field Updates, Community Playground, and Webber Playground$505,624
Northwest Minnesota Foundation (NMF)Northwest Minnesota Foundation Belonging, Anti-Hate, and Anti-Racism$480,000
Initiative FoundationInitiative Foundation Belonging, Anti-Hate, and Anti-Racism$480,000
...and 42 more grants made totalling $3,656,673

Who funds Southwest Initiative Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Margaret A Cargill FoundationBelonging, Anti-Hate, and Anti-Racism in Rural Minnesota$2,000,000
Saint Paul & Minnesota FoundationMultiple Grants for Programs, Operations, Or Other Purposes$267,000
United Way of Nobles CountyGeneral Support$100,000
...and 18 more grants received totalling $2,541,775

Personnel at Southwest Initiative Foundation

NameTitleCompensation
Scott MarquardtPresident$119,457
Margie NelsenChief Financial Officer$129,113
Missy MaiersChief Administrative Officer
Nancy FaschingVice President of Community Impact
Amy WoitalewiczBusiness Finance Director$109,998
...and 3 more key personnel

Financials for Southwest Initiative Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$10,905,312
Program services$671,974
Investment income and dividends$2,733,989
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$81,005
Net gain from sale of non-inventory assets$-1,119,802
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$13,272,478

Form 990s for Southwest Initiative Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-13990View PDF
2020-062021-04-06990View PDF
2019-062020-06-26990View PDF
...and 9 more Form 990s
Data update history
November 26, 2024
Received grants
Identified 5 new grant, including a grant for $267,000 from Saint Paul and Minnesota Foundation
August 10, 2024
Received grants
Identified 5 new grant, including a grant for $100,000 from United Way of Nobles County
July 17, 2024
Updated personnel
Identified 1 new personnel
July 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 8, 2024
Used new vendors
Identified 1 new vendor, including
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 donationsAccepts online 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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0249635
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2025-02-19
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