2024-04-02T09:44:59-05:00 2023-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-07-01 410011094 Mankato Area Foundation MANK 5073894583 212 E Walnut St 1 Mankato MN 56001 Leah Davis Chair 5073894583 2024-03-05 1 Leah Davis 999009999 1 Deb Nelson CPA P01264758 6122536500 2024-03-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Nancy Zallek 212 E Walnut St 1 Mankato MN 56001 8016864 0 X www.mankatoareafoundation.com X 1974 MN To be a trusted resource that connects donors with causes they care about. 16 16 8 35 6382 0 5048055 5354820 65773 46432 1139636 381160 2751 6382 6256215 5788794 2542718 3495499 0 0 457801 570472 0 0 192597 307857 353386 3308376 4419357 2947839 1369437 27051711 30025948 4060021 4087000 22991690 25938948 X The Mankato Area Foundation is a trusted resource that connects donors with causes they care about, provides funding to enhance our region and serves as a collaborative community partner. 0 0 3843822 3495499 46432 The Foundation made grants from its Community Fund, along with designated and donor advised funds to enrich the livability and vibrancy of the Greater Mankato area. In addition, the Consultant in Residency Fund has given support to nonprofit organizations that are serving the escalating needs of our communities by providing access to a nonprofit consultant to help streamline and strengthen organizational needs. Our joint expertise in community partnerships, resources, and connections allowed us to support the unprecedented demands placed on our nonprofit partners as they addressed the critical needs of the community and their clientele. Finally, the Greater Mankato Inclusivity Study (GMIS) is one of the largest community-led, mixed-method inclusivity studies in America. It will gauge the current status of inclusivity for students, individuals who work in, and residents of the Greater Mankato area (Blue Earth and Nicollet counties). GMIS focuses on a broad range of community members' feelings, opinions, and perceptions of inclusion in regards to age, gender, ethnicity, and abilities. 3843822 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 12 0 1 8 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X Nancy Zallek 5073894583 212 E Walnut St Suite 1 Mankato MN 56001 Kristin Duncanson Chair 2.00 X X 0 0 0 Nathan Mullikin- Vice Chair July-Oct '22)/ Dir.(Oct '22-June '23) 1.00 X X 0 0 0 Leah Davis- Dir July-Oct '22 /Vice Chair(Oct '22-June '23) 1.00 X X 0 0 0 Seth Ferkenstad Treasurer 2.00 X X 0 0 0 Thomas Lentz Secretary (July-Oct '22) 1.00 X X 0 0 0 Christina Bohlke- Dir July-Oct '22 /Secretary(Oct '22-June '23) 1.00 X X 0 0 0 Brittany King-Asamoa Director 1.00 X 0 0 0 Heidi Boyum Director 1.00 X 0 0 0 Melissa Bradley Director 1.00 X 0 0 0 James Heilman Director 1.00 X 0 0 0 Sarah Richards Director 1.00 X 0 0 0 Todd Prafke Director 1.00 X 0 0 0 Jennifer Pfeffer Director 1.00 X 0 0 0 Beadell Bob Director (as of Oct 2022) 1.00 X 0 0 0 Lucas Downs Director (as of Oct 2022) 1.00 X 0 0 0 Tim Huebsch Director (as of Oct 2022) 1.00 X 0 0 0 Erin Kragh Director (as of Oct 2022) 1.00 X 0 0 0 Mark Sharpless Director (Until Oct 2022) 1.00 X 0 0 0 Stacey Wells Director (Until Dec 2022) 1.00 X 0 0 0 Wade Abed Director (Until Feb 2023) 1.00 X 0 0 0 David Schooff Director (Until Oct 2022) 1.00 X 0 0 0 Jessica Buchert Director (Until Oct 2022) 1.00 X 0 0 0 Nancy Zallek President & CEO 40.00 X 95859 0 35202 Samantha Spicer Finance Director 40.00 X 64169 0 6919 Ashley Eimer VP of Philantropy (as of Sep 2022) 40.00 X 26654 0 1308 186682 0 43429 0 0 0 0 0 5354820 1496380 5354820 Administrative Fees 561000 46432 46432 46432 536872 536872 2072358 2208504 19566 -136146 -19566 -155712 -155712 Charging Station 900099 6382 6382 6382 5788794 46432 6382 381160 3495499 3495499 297096 105842 116518 74736 208068 117817 33477 56774 5259 3028 1002 1229 26083 14741 4590 6752 33966 15285 9850 8831 25000 25000 84778 84778 28197 5701 11252 11244 16627 9816 3591 3220 25141 10194 7881 7066 33573 33573 1330 598 386 346 3534 3534 70320 70320 9183 9183 Development Expense 20613 20613 Life Insurance Premium 19104 19104 Grant Operating Expense 6163 6163 9823 2927 5110 1786 4419357 3843822 382938 192597 1195266 787905 48608 33967 6325 5516 3097816 398527 1975305 2699289 23581819 26280533 244388 218738 27051711 30025948 33701 60690 41925 4026320 3984385 4060021 4087000 X 20596317 23333910 2395373 2605038 22991690 25938948 27051711 30025948 1369437 1577821 0 X 0 1 X 1 0 X 4739526 3207893 3462729 5048055 5354820 21813023 4739526 3207893 3462729 5048055 5354820 21813023 2227928 19585095 310242 342958 326325 397154 536872 1913551 23726574 223739 0.82540 0.84770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 85 18 2321717 2155740 2426794 1174989 14721657 2391666 1 1 0 1 X 2395373 271641 61976 2605038 2827447 30500 -363210 99364 2395373 2404880 43050 612841 233324 2827447 2411367 142925 149412 2404880 2047013 291304 194296 121246 2411367 0.00000 0.79380 0.20620 0 0 175000 220000 395000 613493 1995383 329912 2278964 93940 68615 25325 2699289 X 7301403 1577821 1577821 5723582 84778 -19566 65212 5788794 4354145 19566 19566 4334579 84778 84778 4419357 Part IV, Line 2b: Agency funds are held for other nonprofit organizations. In addition, temporary projects are held as a fiscal sponsored fund until completion. The Foundation receives and invests the dollars in our pooled investment account. The cash is recorded in investment accounts and the associated liability is recorded on the balance sheet. Fiscal sponsored funds are held for community projects for committees seeking nonprofit tax-exempt status. The Foundation receives and distributes the funds for qualified expenses. The cash is included on the balance sheet in the checking account and the associated liability is recorded on the balance sheet. Part V, Line 4: Net investment earnings from endowment funds are used for community granting to nonprofit organizations. Part X, Line 2: The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 4b - Other Adjustments: Loss on sale of asset recorded in revenue for 990 purpose -19,566. Part XII, Line 2d - Other Adjustments: Loss on sale of asset recorded in revenue for 990 purpose 19,566. 1 Abiding Savior Free Lutheran Church 4100 S Bahnson Ave Sioux Falls SD 57103 460406443 501(c)(3) 5400 0 Program assistance Crossview Covenant Church 2000 Howard Dr W North Mankato MN 56003 416039343 501(c)(3) 5500 0 Program assistance Minnesota Teen Challenge Inc 740 E 24th St Minneapolis MN 55404 411517351 501(c)(3) 6000 0 Program assistance Our Savior's Lutheran Church 1103 N Broad St Mankato MN 56001 410782860 501(c)(3) 6000 0 Program assistance St John's Episcopal Church PO Box 1119 Mankato MN 560021119 411051216 501(c)(3) 6000 0 Program assistance Life-Work Planning Center 127 S Second St 210 Mankato MN 56001 411357220 501(c)(3) 6100 0 Program assistance MRCI 1750 Energy Dr Mankato MN 56001 410736870 501(c)(3) 6200 0 Program assistance ProMusica Minnesota PO Box 2148 North Mankato MN 56003 851551004 501(c)(3) 7000 0 Program assistance Greater Mankato Diversity Council 127 S 2nd Street Suite 110 Mankato MN 56001 204627525 501(c)(3) 7150 0 Program assistance Educare Foundation PO Box 241 Mankato MN 560020241 411745553 501(c)(3) 7500 0 Program assistance Tee It Up For The Troops 515 W Travelers Trl Burnsville MN 55337 202974507 501(c)(3) 7500 0 Program assistance Twin Rivers Council for the Arts PO Box 293 Mankato MN 56002 200814939 501(c)(3) 8000 0 Program assistance BENCHS 1250 N River Dr Mankato MN 56001 411236942 501(c)(3) 9211 0 Program assistance CityArt LLC 3 Civic Ctr Plz Suite 100 Mankato MN 56001 472790832 501(c)(3) 10000 0 Program assistance Colorado State University Foundation C138 Clark Fort Collins CO 805231701 237098397 501(c)(3) 10000 0 Program assistance Hillside Church 502 S Victory Dr Mankato MN 56001 411701452 501(c)(3) 10000 0 Program assistance Native American Church of Crow Creek Agency PO Box 368 Fort Thompson SD 573390368 462093327 501(c)(3) 10000 0 Program assistance The Wildcat Sanctuary PO Box 314 Sandstone MN 55072 223857401 501(c)(3) 10000 0 Program assistance St John the Baptist Catholic Church 632 S Broad St Mankato MN 56001 410724078 501(c)(3) 10500 0 Program assistance Junior Achievement North PO Box 153 Madison Lake MN 56063 411424988 501(c)(3) 10800 0 Program assistance Martin Luther High School 315 Martin Luther Dr Northrop MN 56075 411451098 Government 11600 0 Program assistance Partners for Housing 12 Civic Center Plaza STE 2145 Mankato MN 56001 363333949 501(c)(3) 11700 0 Program assistance Kiwanis Holiday Lights Inc PO Box 602 Mankato MN 560020602 454467398 501(c)(3) 11716 0 Program assistance Minnesota State University 120 Wigley Administration Ctr Mankato MN 56001 State of MN 12000 0 Program assistance YWCA Mankato 127 S Second St Suite 200 Mankato MN 56001 410711619 501(c)(3) 12000 0 Program assistance Mankato Salvation Army 700 S Riverfront Dr Mankato MN 56001 362167910 501(c)(3) 12050 0 Program assistance Greater Mankato Growth Inc Foundation 3 Civic Center Plz Suite 100 Mankato MN 56001 472790832 501(c)(3) 14372 0 Program assistance Resurrection Lutheran Church 1735 E Main St Mankato MN 56001 501(c)(3) 15000 0 Program assistance Risen Savior Lutheran School 416 W 7th St Mankato MN 56001 454035983 501(c)(3) 15000 0 Program assistance St Paul Lutheran Church 304 Monroe Ave North Mankato MN 56003 410834570 501(c)(3) 15000 0 Program assistance Twin Valley Council Boy Scouts of America 810 Madison Ave Mankato MN 56001 416079300 501(c)(3) 15200 0 Program assistance Blue Earth County Library System 100 E Main St Mankato MN 56001 416005763 501(c)(3) 15422 0 Program assistance Hamline University 1536 Hewitt Ave MS-A1770 Saint Paul MN 55104 410693960 501(c)(3) 15422 0 Program assistance Connections Ministry 800 S Front St Mankato MN 56001 813920157 501(c)(3) 15750 0 Program assistance Lake Park Community Foundation C/O Laura Martin 1658 140th St Lake Park IA 51347 862662625 501(c)(3) 20000 0 Program assistance South Central College 1920 Lee Blvd North Mankato MN 56003 501(c)(3) 20000 0 Program assistance Ney Environmental Education Foundation PO Box 93 28238 Nature Center Ln Henderson MN 56044 411842392 501(c)(3) 20100 0 Program assistance ECHO Food Shelf 1014 S Front St PO Box 3212 Mankato MN 560023212 411429214 501(c)(3) 22550 0 Program assistance Stevens County Historical Society 116 W 6th St Morris MN 56267 411357751 501(c)(3) 23134 0 Program assistance Gustavus Adolphus College 800 West College Ave Saint Peter MN 56082 410695524 501(c)(3) 24332 0 Program assistance Alzheimer's Association 225 N Michigan Ave FL 17 Chicago IL 60601 133039601 501(c)(3) 25000 0 Program assistance Minnesota Valley Lutheran High School 45638 561st Ave New Ulm MN 56073 411351315 Government 25150 0 Program assistance Mankato Family YMCA 1401 S Riverfront Dr Mankato MN 56001 410739108 501(c)(3) 26750 0 Program assistance Kiwanis Camp Patterson PO Box 4334 Mankato MN 560024334 416032182 501(c)(3) 28125 0 Program assistance Christ the King Lutheran Church 222 Pfau St Mankato MN 56001 410885992 501(c)(3) 31300 0 Program assistance VINE Faith in Action 421 E Hickory St Mankato MN 56001 411802861 501(c)(3) 32550 0 Program assistance CADA Inc PO Box 466 100 Stadium Ct Mankato MN 56002 411379525 501(c)(3) 41084 0 Program assistance Feeding Our Communities Partners 2120 Howard Dr W Suite J North Mankato MN 56003 272374187 501(c)(3) 44250 0 Program assistance South Central College Foundation 1920 Lee Blvd North Mankato MN 56003 411649572 501(c)(3) 45100 0 Program assistance Mayo Clinic Health Systems 1025 Marsh St PO Box 8673 Mankato MN 56001 411236756 501(c)(3) 53978 0 Program assistance Lake Crystal Area Recreation Center 621 W Nathan St Lake Crystal MN 56055 411867907 501(c)(3) 55000 0 Program assistance First Presbyterian Church PO Box 420 Lake Crystal MN 56055 501(c)(3) 56134 0 Program assistance University of Minnesota Nursing 308 Harvard St SE Minneapolis MN 55455 416007513 Government 61690 0 Program assistance Blue Earth County Historical Society 424 Warren St Mankato MN 56001 237289370 501(c)(3) 70488 0 Program assistance Mankato Area Public Schools 10 Civic Center Plaza Mankato MN 56001 416000310 Government 88250 0 Program assistance Minnesota State University Mankato Foundation 126 Alumni Foundation Ctr Mankato MN 56001 416033423 501(c)(3) 94950 0 Program assistance Iowa State University Foundation 2505 University Blvd Ames IA 50010 421143702 501(c)(3) 100000 0 Program assistance Mankato Symphony Orchestra PO Box 645 Mankato MN 560020645 237319396 501(c)(3) 110000 0 Program assistance Greater Mankato Area United Way 127 S Second St 190 Mankato MN 56001 416008819 501(c)(3) 213293 0 Program assistance Children's Museum of Southern Minnesota 224 Lamm St Mankato MN 56001 204351801 501(c)(3) 389725 0 Program assistance Mankato Youth Place 1315 Stadium Rd Mankato MN 56001 842745924 501(c)(3) 448250 0 Program assistance Creative Foundation 1980 Lookout Dr North Mankato MN 56003 237456793 501(c)(3) 455000 0 Program assistance 62 0 Part I, Line 2: Grants - all successful grantees are requested to submit a report describing how funds were used upon completion of their project. Projects must have a timeline of one year or less. X 12 308197 Ave Price On Trade Date X 2 1180000 Appraised value X Grain 1 8183 FMV 0 0 1 1 Part I, Column (b): Number of contributions. Part I, Line 32b: The Foundation had a contract with Fischer Group to advertise sale of donated commercial property. Form 990, Part VI, Section A, line 1a The Executive Committee shall consist of at least the four (4) Officers of the Corporation and committee chairpersons, or their designated committee representative and such other persons that may be appointed by the Board. The duties of the Executive Committee shall be those delegated to it and outlined by the Board of Directors. The Executive Committee shall make recommendations in accordance with the policies established by the Board. Subject to the Board's control and direction, the Executive Committee shall have and may exercise all of the authority and powers of the Board subject to such limitations as the Board may impose from time to time. Unless specifically authorized by the Board by resolution approved by the affirmative vote of a majority of the Directors, the Executive Committee shall not have the authority and power to elect Officers, to amend the Articles of Incorporation, to adopt a plan of merger or consolidation, to authorize the sale or other disposition of all or substantially all of the property and assets of the Corporation, to authorize a voluntary dissolution of the Corporation or a revocation thereof, or to amend these Bylaws. Form 990, Part VI, Section B, line 11b The Treasurer and Finance Director will review the tax return draft then forward to the Finance Committee for review and approval. After recommendation from the Finance Committee, the Executive Committee reviews and approves presentation to the board for approval of filing. A copy of the Form 990 is e-mailed to the board for review and approval prior to filing. Form 990, Part VI, Section B, line 12c All board members and committee members of the Foundation are covered by the policy. Any member with board-delegated powers is an interested person if they have a direct or indirect financial interest or a fiduciary responsibility to another organization. After disclosure of a possible conflict of interest, the remaining board or committee members shall decide if a conflict exists. Form 990, Part VI, Section B, line 15a Executive committee officers do an annual review of the President and CEO responsibilities and goals. The Executive Committee discusses and has final authority to determine compensation. Information from the Minnesota Council of Nonprofits compensation study assist in the determination of compensation. The committee substantiates all information in its minutes. The Board approves the compensation as part of its annual budget. No officers receive compensation. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, financial statements, and Form 990 are provided to the public upon request. MAF Holdings LLC 212 E Walnut St Suite 1 Mankato MN 56001 845079675 Manages non-cash assets. MN 99603 1987247 Mankato Area Foundation Inc MAF Holdings II LLC 212 E Walnut St Suite 1 Mankato MN 56001 845161420 Manages non-cash assets. MN 13276 195000 MAF Holdings LLC MAF Holdings III LLC 212 E Walnut St Suite 1 Mankato MN 56001 850749907 Manages electric vehicle charging station MN 6383 18121 MAF Holdings LLC MAF Holdings IV LLC 212 E Walnut St Suite 1 Mankato MN 56001 853471731 Manages non-cash asset. MN 0 0 MAF Holdings LLC MAF Holdings V LLC 212 E Walnut St Suite 1 Mankato MN 56001 883135551 Manages non-cash asset. MN 31503 0 MAF Holdings LLC MAF Holdings VI LLC 212 E Walnut St Suite 1 Mankato MN 56001 921717816 Manages non-cash asset. MN 1098434 1082668 MAF Holdings LLC