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
The McKnight FoundationFor General Operating Support$1,000,000
The McKnight FoundationFor General Operating Support$1,000,000
The McKnight FoundationTo Build A Pathway To Teaching for Diverse Candidates in and Around Worthington, Minnesota$460,000
...and 20 more grants received totalling $3,431,808
Federal funding details
Federal agencyProgram nameAmount
Small Business AdministrationMICROLOAN PROGRAM$810,497
Small Business AdministrationMICROLOAN PROGRAM$269,544
Department of AgricultureRURAL MICROENTREPRENEUR ASSISTANCE PROGRAM$264,402
...and 2 more federal grants / contracts

Personnel at Southwest Initiative Foundation

NameTitleCompensation
Scott MarquardtPresident and Chief Executive Officer$115,004
Margie NelsenChief Financial Officer$123,505
Nancy FaschingVice President of Community Impact
Liz Cheney, CfreVice President of Philanthropy
Missy MaiersDirector of Talent and Operations
...and 15 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
2020-062021-04-06990View PDF
2019-062020-06-26990View PDF
2018-062019-11-04990View PDF
2017-062018-04-10990View PDF
...and 7 more Form 990s
Data update history
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 4 new personnel
May 25, 2023
Updated personnel
Identified 1 new personnel
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $7,500 from Saint Paul and Minnesota Foundation
August 3, 2022
Received grants
Identified 5 new grant, including a grant for $207,000 from Bush Foundation
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
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