2025-04-28T10:24:51-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 410011094 Mankato Area Foundation MANK 5073894583 212 E Walnut St 1 Mankato MN 56001 Leah Davis Chair 5073894583 2025-04-24 1 1 Deb Nelson CPA P01264758 6122536500 2025-04-24 2023 2025-03-06 01:10:19Z Nancy Zallek 212 E Walnut St 1 Mankato MN 56001 9871087 0 X www.mankatoareafoundation.com X 1974 MN To be a trusted resource that connects donors with causes they care about. 19 19 7 30 5902 0 5354820 6048373 46432 41076 381160 943536 6382 112696 5788794 7145681 3495499 4060331 0 0 570472 672106 0 0 226524 353386 544803 4419357 5277240 1369437 1868441 30025948 34424338 4087000 4537493 25938948 29886845 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 4686775 4060331 41076 The Foundation awarded grants through its Community Fund, designated funds, and donor-advised funds to enhance the livability and vibrancy of the Greater Mankato area. Additionally, the Consultant in Residency Fund provided critical support to nonprofit organizations by offering access to expert consulting services to strengthen their operations. Through strategic partnerships, resources, and community connections, the Foundation played a key role in supporting nonprofits as they worked to meet critical community needs. The Greater Mankato Inclusivity Study (GMIS), one of the largest community-led, mixed-method inclusivity studies in the nation, assessed the state of inclusivity for students, employees, and residents in the Greater Mankato area (Blue Earth and Nicollet counties) and was shared with the community to help inform next steps and action items. 4686775 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 10 0 1 7 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X Samantha Spicer 5073447910 212 E Walnut St Suite 1 Mankato MN 56001 Leah Davis Chair 2.00 X X 0 0 0 Christina Bohlke Vice-Chair 1.00 X X 0 0 0 Seth Ferkenstad Treasurer 1.00 X X 0 0 0 Brittany King-Asamoa Secretary 1.00 X X 0 0 0 Melissa Bradley Director 1.00 X 0 0 0 Jennifer Pfeffer Director 1.00 X 0 0 0 Sarah Richards Director 1.00 X 0 0 0 Erin Kragh Director 1.00 X 0 0 0 Bob Beadell Director 1.00 X 0 0 0 Tim Huebsch Director 1.00 X 0 0 0 Michael Robinson Director 1.00 X 0 0 0 Marcia Bahr Director 1.00 X 0 0 0 Art Westphal Director 1.00 X 0 0 0 Michelle Schooff Director 1.00 X 0 0 0 Amanda Heilman Director 1.00 X 0 0 0 Stephanie Stoffell Director 1.00 X 0 0 0 Belen Fernandez Director 1.00 X 0 0 0 Todd Prafke Director 1.00 X 0 0 0 Heidi Boyum Director 1.00 X 0 0 0 Nancy Zallek President & CEO 40.00 X 113080 0 21291 Ashley Eimer VP of Philanthropy 40.00 X 97432 0 11646 Samantha Spicer Finance Director 40.00 X 74218 0 10862 284730 0 43799 1 0 0 0 CHW Solutions LLC 1821 University Ave W S-306A Saint Paul MN 55104 Services to Grantee 113079 1 6048373 1645576 6048373 Administrative Fees 561000 41076 41076 41076 714810 714810 2795132 159000 2530406 195000 264726 -36000 228726 228726 CAM Income 900099 106794 106794 Charging Station 900099 5902 5902 112696 7145681 41076 5902 1050330 4060331 4060331 353438 124124 137272 92042 240388 154880 28487 57021 5837 3986 484 1367 31614 20100 4161 7353 40829 19598 11024 10207 31500 31500 102069 102069 36178 7236 14471 14471 65108 59708 2804 2596 45048 21623 12163 11262 77797 77797 588 282 159 147 2962 2962 88539 81918 6621 17517 7025 10492 Development Expense 29446 29446 Life Insurance Premium 19104 19104 Grant Operating Expense 6084 6084 22863 20017 2234 612 5277240 4686775 363941 226524 787905 1298245 33967 31544 5516 13848 3379839 487067 2699289 2892772 26280533 30187929 218738 0 30025948 34424338 60690 55998 41925 26900 3984385 4454595 4087000 4537493 X 23333910 27534073 2605038 2352772 25938948 29886845 30025948 34424338 1868441 2079456 0 X 0 1 X 1 0 X 3207893 3462729 5048055 5354820 6048373 23121870 3207893 3462729 5048055 5354820 6048373 23121870 3181459 19940411 342958 326325 397154 536872 714810 2318119 106794 106794 25546783 239530 0.78050 0.82540 X Schedule A, Part II, Line 10, Explanation of Other Income: CAM Income - 2023 Amount: $ 106,794. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 89 20 4883402 1195949 3413231 1267234 18159324 3639062 1 1 0 1 X 2605038 77520 -256654 73132 2352772 2395373 271641 61976 2605038 2827447 30500 -363210 99364 2395373 2404880 43050 612841 233324 2827447 2411367 142925 149412 2404880 0.00000 0.65200 0.34799 0 0 175000 220000 395000 807507 1881211 406440 2282278 181949 80627 101322 114172 114172 2892772 X 9159068 2079456 2079456 7079612 102069 -36000 66069 7145681 5211171 36000 36000 5175171 102069 102069 5277240 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 -36,000. Part XII, Line 2d - Other Adjustments: Loss on sale of asset recorded in revenue for 990 purpose 36,000. 1 American Red Cross 421 E Hickory St Suite 403 Mankato MN 56001 530196605 501(c)(3) 15500 0 Program assistance Arts Center of Saint Peter 315 S Minnesota Ave Saint Peter MN 56082 411363831 501(c)(3) 12150 0 Program assistance BENCHS 1250 N River Dr Mankato MN 56001 411236942 501(c)(3) 5500 0 Program assistance Bethel Lutheran Church 411 Becker Ave SW Willmar MN 56201 410721716 501(c)(3) 125000 0 Program assistance Blue Earth County Historical Society 424 Warren St Mankato MN 56001 237289370 501(c)(3) 9750 0 Program assistance Brownton Housing Corporation c/o Joleen Pfau SMR Mgmt 201 N Broad St Ste 109 ankato MN 56001 411241207 501(c)(3) 18000 0 Program assistance Buena Vista Regional Healthcare Foundation 1525 W 5th St Storm Lake IA 50588 421291649 501(c)(3) 100000 0 Program assistance CADA Inc PO Box 466 100 Stadium Ct Mankato MN 56002 411379525 501(c)(3) 27350 0 Program assistance Children's Museum of Southern Minnesota 224 Lamm St Mankato MN 56001 204351801 501(c)(3) 214667 0 Program assistance Christ the King Lutheran Church 222 Pfau St Mankato MN 56001 410885992 501(c)(3) 160800 0 Program assistance Coastal Community Church 6800 N University Dr Parkland FL 33067 263237585 501(c)(3) 50000 0 Program assistance Colorado State University Foundation C138 Clark Fort Collins CO 805231701 237098397 501(c)(3) 15000 0 Program assistance Concordia College Corporation Office of Advancement 901 8th St S Moorhead MN 56562 410693977 501(c)(3) 25000 0 Program assistance Connections Ministry 800 S Front St Mankato MN 56001 813920157 501(c)(3) 30480 0 Program assistance Creative Foundation 1980 Lookout Dr North Mankato MN 56003 237456793 501(c)(3) 355941 0 Program assistance Crossview Covenant Church 2000 Howard Dr W North Mankato MN 56003 416039343 501(c)(3) 7500 0 Program assistance ECHO Food Shelf 1014 S Front St PO Box 3212 Mankato MN 560023212 411429214 501(c)(3) 32300 0 Program assistance Educare Foundation PO Box 241 Mankato MN 560020241 411745553 501(c)(3) 23500 0 Program assistance Feeding Our Communities Partners 2120 Howard Dr W Suite J North Mankato MN 56003 272374187 501(c)(3) 100000 0 Program assistance First Presbyterian Church PO Box 420 Lake Crystal MN 56055 941251131 501(c)(3) 33450 0 Program assistance Greater Mankato Area United Way 127 S Second St 190 Mankato MN 56001 416008819 501(c)(3) 198926 0 Program assistance Greater Mankato Growth Inc Foundation 3 Civic Center Plz Suite 100 Mankato MN 56001 472790832 501(c)(3) 13124 0 Program assistance Gustavus Adolphus College 800 West College Ave Saint Peter MN 56082 410695524 501(c)(3) 16000 0 Program assistance Habitat for Humanity Attn Executive Director 1730 Bassett Drive Mankato MN 56001 411654111 501(c)(3) 5200 0 Program assistance Iowa State University Foundation 2505 University Blvd Ames IA 50010 421143702 501(c)(3) 100000 0 Program assistance Junior Achievement North PO Box 153 Madison Lake MN 56063 411424988 501(c)(3) 10850 0 Program assistance Kiwanis Camp Patterson PO Box 4334 Mankato MN 560024334 416032182 501(c)(3) 6000 0 Program assistance Kiwanis Holiday Lights Inc PO Box 602 Mankato MN 560020602 454467398 501(c)(3) 28512 0 Program assistance Lake Crystal Area Recreation Center 621 W Nathan St Lake Crystal MN 56055 411867907 501(c)(3) 17000 0 Program assistance Life-Work Planning Center 127 S Second St 210 Mankato MN 56001 411357220 501(c)(3) 9000 0 Program assistance Loyola Catholic School 145 Good Counsel Dr Mankato MN 56001 410914356 501(c)(3) 10500 0 Program assistance Mankato Area Public Schools 10 Civic Center Plaza Mankato MN 56001 416000310 501(c)(3) 38625 0 Program assistance Mankato Christian Academy PO Box 877 Mankato MN 560020877 921071838 501(c)(3) 25000 0 Program assistance Mankato Family YMCA 1401 S Riverfront Dr Mankato MN 56001 410739108 501(c)(3) 73395 0 Program assistance Mankato Salvation Army 700 S Riverfront Dr Mankato MN 56001 362167910 501(c)(3) 9814 0 Program assistance Mankato Symphony Orchestra PO Box 645 Mankato MN 560020645 237319396 501(c)(3) 112250 0 Program assistance Mankato Youth Place 1315 Stadium Rd Mankato MN 56001 842745924 501(c)(3) 62850 0 Program assistance Martin Luther High School 315 Martin Luther Dr Northrop MN 56075 411451098 501(c)(3) 23200 0 Program assistance Midwest Art Catalyst 115 S Broad St Mankato MN 56001 451056783 501(c)(3) 101500 0 Program assistance Minnesota Landscape Arboretum Foundation 3675 Arboretum Dr Chaska MN 55318 237081057 501(c)(3) 15000 0 Program assistance Minnesota Original Music Festival 302 Saint Julien Street Saint Peter MN 56082 862615110 501(c)(3) 6000 0 Program assistance Minnesota State University Mankato Foundation 126 Alumni Foundation Ctr Mankato MN 56001 416033423 State of MN 102766 0 Program assistance Minnesota State University Mankato-Financial Aid Student Financial Services 120 Wigley Administration Ctr Mankato MN 56001 416033423 State of MN 13100 0 Program assistance Minnesota Teen Challenge Inc 740 E 24th St Minneapolis MN 55404 411517351 501(c)(3) 14000 0 Program assistance Minnesota Valley Lutheran High School 45638 561st Ave New Ulm MN 56073 411351315 501(c)(3) 36201 0 Program assistance Mu Chapter of Sigma Chi Foundation PO Box 415 Granville OH 43023 311601500 501(c)(3) 10000 0 Program assistance Old Town Collaborative 629 N Riverfront Dr Mankato MN 56001 852519943 501(c)(3) 20000 0 Program assistance Open Door Health Center 309 Holly Lane Mankato MN 56001 411461726 501(c)(3) 25000 0 Program assistance Partners for Housing 514 S Riverfront Drive Mankato MN 56001 363333949 501(c)(3) 10200 0 Program assistance ProMusica Minnesota PO Box 2148 North Mankato MN 56003 851551004 501(c)(3) 5500 0 Program assistance Renaissance Charitable Foundation Inc FBO The Edward Jones Gift Fund 8888 Keystone Crossing Suite 1200 Indianapolis IN 46240 352129262 501(c)(3) 355084 0 Program assistance Risen Savior Lutheran School 416 W 7th St Mankato MN 56001 454035983 501(c)(3) 15000 0 Program assistance Saint Paul & Minnesota Foundation 101 Fifth Street East Suite 2400 aint Paul MN 551011800 416031510 501(c)(3) 60000 0 Program assistance Shriners Hospitals for Children 2900 N Rocky Point Dr Tampa FL 33607 362193608 501(c)(3) 10000 0 Program assistance Smile Train Inc 633 Third Ave 9th Floor New York NY 10017 133661416 501(c)(3) 25000 0 Program assistance South Central College Foundation 1920 Lee Blvd North Mankato MN 56003 411649572 501(c)(3) 62850 0 Program assistance South Dakota State University Office of Financial Aid PO Box 511 A 1451 Stadium Rd rookings SD 57007 466000364 State of SD 6900 0 Program assistance St John the Baptist Catholic Church 632 S Broad St Mankato MN 56001 410724078 501(c)(3) 8000 0 Program assistance St John's Episcopal Church PO Box 1119 Mankato MN 560021119 411051216 501(c)(3) 6000 0 Program assistance St Paul Lutheran Church 304 Monroe Ave North Mankato MN 56003 410834570 501(c)(3) 15000 0 Program assistance St Thomas More Catholic Newman Center Parish of Mankato Minnesota 1502 Warren St Mankato MN 56001 410855927 501(c)(3) 127800 0 Program assistance Tee It Up For The Troops Attn Mankato Events Manager 515 W Travelers Trl Burnsville MN 55337 202974507 501(c)(3) 5500 0 Program assistance The Oak Clinic 3838 Massillon Rd Ste 360 Uniontown OH 44685 341930683 501(c)(3) 10000 0 Program assistance The REACH Resource Center Lutheran Social Services 125 E Liberty St Mankato MN 56001 410872993 501(c)(3) 10000 0 Program assistance The Salvation Army 2445 Prior Ave N Roseville MN 55113 410698597 501(c)(3) 5250 0 Program assistance Twin Rivers Council for the Arts PO Box 293 Mankato MN 56002 200814939 501(c)(3) 20500 0 Program assistance Twin Valley Council Boy Scouts of America 810 Madison Ave Mankato MN 56001 416079300 501(c)(3) 9700 0 Program assistance United Healthcare Children's Foundation Inc PO Box 860734 Minneapolis MN 554860734 522177891 501(c)(3) 10000 0 Program assistance University of Central Oklahoma Foundation 100 N University Dr Edmond OK 73034 736108032 501(c)(3) 8000 0 Program assistance University of Wisconsin River Falls Foundation 410 S 3rd St River Falls WI 540225010 396064630 State of WI 92111 0 Program assistance VINE Faith in Action 421 E Hickory St Mankato MN 56001 411802861 501(c)(3) 30804 0 Program assistance West Hancock Scholarship and Loan Fund Inc Attn Paul Kumsher PO Box 91 Britt IA 50423 421217415 501(c)(3) 6000 0 Program assistance Winona State University 175 W Mark St Box 5838 Winona MN 55987 237079002 State of MN 5900 0 Program assistance YWCA Mankato 127 S Second St Suite 200 Mankato MN 56001 410711619 501(c)(3) 18000 0 Program assistance 74 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 1 95000 Appraisal Value X 25 1541686 Ave Price On Trade Date X Grain 2 8890 FMV 1 0 1 1 Part I, Column (b): The organization reports the number of contributions in column (b). 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 142473 1944308 Mankato Area Foundation Inc MAF Holdings II LLC 212 E Walnut St Suite 1 Mankato MN 56001 845161420 Manages non-cash assets. MN -147950 0 MAF Holdings LLC MAF Holdings III LLC 212 E Walnut St Suite 1 Mankato MN 56001 850749907 Manages electric vehicle charging station MN 5902 15043 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 0 0 MAF Holdings LLC MAF Holdings VI LLC 212 E Walnut St Suite 1 Mankato MN 56001 921717816 Manages non-cash asset. MN 149420 1182741 MAF Holdings LLC