2025-05-09T15:08:02-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 4150 2ND STREET SOUTH SUITE 400 ST CLOUD MN 56301 990 2023-07-01 411555592 SOUTHWEST INITIATIVE FOUNDATION SOUT 3205874848 15 3RD AVE NW HUTCHINSON MN 55350 SCOTT MARQUARDT PRESIDENT 3205874848 2025-04-28 1 0 KRISTIN L SCHMIDT CPA P01487323 3202035500 2025-04-28 2023 2025-03-06 01:10:19Z SCOTT MARQUARDT 15 3RD AVE NW HUTCHINSON MN 55350 36450981 0 X WWW.SWIFOUNDATION.ORG X 1986 MN OUR MISSION IS CONNECTING PEOPLE, INVESTING IN IDEAS AND BUILDING COMMUNITIES. 8 8 26 330 0 0 10905312 6475047 671974 539606 1614187 4521886 81005 81005 13272478 11617544 5333725 4883898 0 0 2323485 2180473 0 0 422341 2678889 2999619 10336099 10063990 2936379 1553554 108175659 114617884 10601860 9939559 97573799 104678325 X SEE SCHEDULE O. 0 0 2620201 674539 PROGRAMS (SEE SCHEDULE O). 3014749 3029317 AFFILIATE AND COMPONENT FUNDS (SEE SCHEDULE O). 2605617 1180042 539606 ECONOMIC DEVELOPMENT (SEE SCHEDULE O). 8240567 1 1 0 1 0 1 0 0 1 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 76 0 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MN CA FL X MARGIE NELSEN CFO 3205874848 15 3RD AVE NW HUTCHINSON MN 55350 SCOTT MARQUARDT PRESIDENT 50.00 X 147011 0 28241 MARGIE NELSEN CFO 50.00 X 132167 0 5809 NANCY FASCHING VICE PRESIDENT 50.00 X 122610 0 14429 THOMAS BRAKKE TREASURER 4.00 X X 0 0 0 TERRY GAALSWYK SECRETARY 4.00 X X 0 0 0 CHRISTINE ROCK HANTGE CHAIR 6.00 X X 0 0 0 PATRICIA LOEHR-DOLS PAST CHAIR 6.00 X X 0 0 0 DANIEL GREVE VICE CHAIR 4.00 X X 0 0 0 ABDIRIZAK MAHBOUB BOARD MEMBER 4.00 X 0 0 0 ERICA VOLKIR BOARD MEMBER 4.00 X 0 0 0 KATHY WEHKING BOARD MEMBER 4.00 X 0 0 0 THERESA ZASKE BOARD MEMBER 4.00 X 0 0 0 401788 0 48479 3 0 1 0 RED STAR CREATIVE INC 103 15TH AVE NW STE 300 WILLMAR MN 562012199 BUSINESS CONSULTING 107250 1 400307 6074740 439855 6475047 LOAN INTEREST INCOME 900099 473183 473183 OTHER PROGRAM INCOME 900099 51411 51411 LOAN ADMIN FEES 900099 15012 15012 539606 4511302 4511302 81005 0 81005 81005 81005 24843671 350 24832792 645 10879 -295 10584 10584 11617544 539606 0 4602891 2543092 2543092 2340806 2340806 442941 228316 195968 18657 1364649 793715 388568 182366 65738 38122 18728 8888 182033 101502 57635 22896 125112 70485 40378 14249 95432 76225 9145 10062 52656 30867 15829 5960 335576 335576 328809 305672 19982 3155 40731 21645 14111 4975 108682 54561 26590 27531 327606 196986 93310 37310 56524 31986 18206 6332 148406 112836 14802 20768 136233 109038 16404 10791 26880 26052 613 215 184148 104197 59379 20572 36921 21056 11841 4024 PROGRAM DELIVERY 776049 773390 2106 553 SPONSORSHIPS 101470 95150 4747 1573 FUNDRAISING COSTS 54327 49412 4915 PUBLIC RELATIONS 24503 19372 5131 164666 96084 57164 11418 10063990 8240567 1401082 422341 3600 3600 1516045 880423 2441977 3212735 9524791 11241527 75749 111403 4325277 2134791 2351218 2190486 82249621 86917537 9937871 9954577 74787 105596 108175659 114617884 521517 592317 2488217 1976278 714970 488568 1796720 2007182 1239321 1121564 3841115 3753650 10601860 9939559 X 31359248 34919400 66214551 69758925 97573799 104678325 108175659 114617884 X 1553554 4878279 672693 X 0 1 X 1 1 1 X 6744893 8969349 11533461 10905312 6475047 44628062 6744893 8969349 11533461 10905312 6475047 44628062 8240192 36387870 3515926 2120591 6917496 2814994 4511302 19880309 64508371 3018997 0.56410 0.54290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 0 0 0 PART II-B, LINE 1: TESTIFIED AT STATE LEGISLATIVE HEARINGS ON BEHALF OF FUNDING BILLS THAT WOULD SUPPORT DEVELOPMENT OF RURAL CHILD CARE SERVICES, EXPANSION OF RURAL BROADBAND SERVICES, AND INVESTMENTS IN RURAL ECONOMIC AND WORKFORCE DEVELOPMENT PROGRAMS. 34 249 383163 2897970 495385 4321017 4504119 100174208 1 1 0 1 X 62995987 693204 7960523 3136750 68512965 56667037 3736326 5443856 2851232 62995987 67222638 1102480 -8906232 2751849 56667037 54745386 1156537 13944769 2624054 67222638 55881915 598604 920282 2655415 54745386 0.29440 0.62890 0.07670 0 0 1015000 1015000 1716299 747023 969276 234429 222044 12385 1359549 1165724 193825 2190486 DONATED REAL ESTATE HELD AS INVESTMENTS 2124500 C FARMLAND WITH LIFE ESTATE 5884585 C CHARITABLE REMAINDER UNITRUST 216001 C INVESTMENTS HELD IN TRUST 1729491 C 9954577 ANNUITY PAYABLE 31250 LEASE LIABILITY 21188 LIFE ESTATE LIABILITY 3129941 OBLIGATIONS OF SPLIT-INTEREST AGREEMENTS 216001 INVESTMENT TRUST LIABILITY 355270 3753650 X 16099354 4878279 91124 4969403 11129951 335576 152017 487593 11617544 10314118 1319290 1319290 8994828 335576 733586 1069162 10063990 PART IV, LINE 2B: ASSETS HELD ON DONOR'S BEHALF AT JUNE 30, 2024 CONSISTS OF 22 FUNDS IN WHICH THE BENEFICIARIES WERE DESIGNATED BY THE DONOR AT THE TIME THE FUNDS WERE ESTABLISHED. THEREFORE, THE FOUNDATION HAS NO CONTROL OVER THE DISTRIBUTION OF THESE FUNDS. PART V, LINE 4: THE SWIF GENERAL ENDOWMENT FUND IS ACCESSED THROUGH BOARD APPROVAL, GUIDED BY A SPENDING POLICY THAT ALLOWS RESOURCES TO BE USED TO SUPPLEMENT PROGRAM ACTIVITIES AND OPERATIONAL EXPENSES. OTHER DESIGNATED ENDOWED FUNDS ARE DIRECTED TO GRANTS AND EXPENSES RELATED TO THE DONOR'S ORIGINAL INTENT. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE INCOME TAX LAWS. THE FOUNDATION IS A NONPRIVATE FOUNDATION AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. SWIF REAL ESTATE HOLDINGS LLC IS A 100% LLC AND SOUTHWEST MINNESOTA COMMUNITY CAPITAL IS A NON-PROFIT ORGANIZATION. BOTH ARE CONSIDERED DISREGARDED ENTITIES FOR TAX PURPOSES. IT IS THE POLICY OF THE FOUNDATION, IN ACCORDANCE WITH GAAP, TO ASSESS ANY UNCERTAIN TAX PROVISIONS AND, IF NECESSARY, RECORD A TAX ASSET OR LIABILITY, AND THE RELATED INCOME TAX EXPENSE, FOR ANY UNCERTAIN TAX PROVISIONS. THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR UNRELATED BUSINESS INCOME. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 91,124. PART XI, LINE 4B - OTHER ADJUSTMENTS: AGENCY FUND REVENUES 152,017. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADOPTION OF ASC 326 (CECL) 1,319,290. PART XII, LINE 4B - OTHER ADJUSTMENTS: AGENCY FUND EXPENSES 92,064. PROVISION FOR LOAN LOSS 641,522. 1 ADULT TRAINING AND HABILITATION CENTER - WEST 425 CALIFORNIA ST NW HUTCHINSON MN 553501501 416052785 501(C)(3) 8500 0 TOUR DE FRIENDS BIKING CLUB ATCH/WEST APPLETON AREA HEALTH 30 S BEHL ST APPLETON MN 562081616 410966278 GOVERNMENT 6500 0 AAH CLINIC WAITING AREA REFRESH AUGUSTANA UNIVERSITY 2001 S SUMMIT AVE SIOUX FALLS SD 571970001 460224588 501(C)(3) 9390 0 ORGANIZATIONAL SUPPORT BENSON GOLF CLUB FOUNDATION 2222 ATLANTIC AVE BENSON MN 562151001 820916866 501(C)(3) 10000 0 GOLF CART PATH BLUE AND GOLD EDUCATIONAL FOUNDATION - DIST 891 108 SAINT OLAF AVE N CANBY MN 562201372 411522315 EDUCATION 31658 0 FISCAL YEAR 2024 DISBURSEMENT CHILDREN'S DENTAL SERVICES 636 BROADWAY ST NE MINNEAPOLIS MN 554132164 410857929 501(C)(3) 15000 0 EXPANDED ACCESS TO DENTAL CARE AND EDUCATION CITY OF BALATON PO BOX 388 BALATON MN 561150388 416004955 GOVERNMENT 58936 0 FIRE DEPARTMENT GENERATOR CITY OF BENSON 1410 KANSAS AVE BENSON MN 562151718 416004975 GOVERNMENT 10000 0 2ND SLIDE BY 2025 CITY OF CLARKFIELD PO BOX 278 CLARKFIELD MN 562230278 416005042 GOVERNMENT 15077 0 TURNOUT GEAR REPLACEMENT CITY OF COTTONWOOD PO BOX 106 COTTONWOOD MN 562290106 416005075 GOVERNMENT 31825 0 SPLASH PAD CITY OF DARWIN PO BOX 67 DARWIN MN 553240067 416008390 GOVERNMENT 7862 0 DARWIN PROJECTS 2023 CITY OF DAWSON PO BOX 552 DAWSON MN 562320552 416005088 GOVERNMENT 12500 0 DAWSON GNOME COMMITTEE CITY OF GRANITE FALLS 641 PRENTICE ST GRANITE FALLS MN 562411517 416005203 GOVERNMENT 79588 0 RICE PARK PLAYGROUND CITY OF HENDRICKS PO BOX 86 HENDRICKS MN 561360086 416005227 GOVERNMENT 15500 0 HENDRICKS FIRE DEPARTMENT CITY OF HUTCHINSON 111 HASSAN ST SE HUTCHINSON MN 553502522 416005253 GOVERNMENT 9500 0 AFS - TALL, FRIEND OLD FRIEND SCULPTURE RESTORATION CITY OF IVANHOE PO BOX 54 IVANHOE MN 561420054 416005261 GOVERNMENT 16000 0 POOL SLIDE CITY OF LISMORE PO BOX 188 LISMORE MN 561550188 416005319 GOVERNMENT 8000 0 PARK BATHROOM UPDATE & BASEBALL FIELD FENCING CITY OF LITCHFIELD 126 N MARSHALL AVE LITCHFIELD MN 553552110 416005320 GOVERNMENT 152042 0 LITCHFIELD AREA RECREATION CENTER CITY OF MARSHALL 344 W MAIN ST MARSHALL MN 562581313 416005351 GOVERNMENT 46736 0 ADULT COMMUNITY CENTER/PHASE 1 EQUIPMENT UPGRADE CITY OF MORTON PO BOX 127 MORTON MN 562700127 411619901 GOVERNMENT 18200 0 SKATE PARK - MORTON AREA COMMUNITY FDN ENDOWMENT CITY OF TYLER PO BOX C TYLER MN 561780452 416005587 GOVERNMENT 89305 0 TYLER WELCOME SIGN CITY OF WILLMAR PO BOX 755 WILLMAR MN 562010755 416005645 GOVERNMENT 16000 0 WILLMAR WELCOMING WEEK AND VIDEO CITY OF WILMONT PO BOX 76 WILMONT MN 561850076 416005646 GOVERNMENT 6000 0 STRUCTURAL FIRE FIGHTING GEAR CITY OF WINSTED PO BOX 126 WINSTED MN 553950126 416005652 GOVERNMENT 10000 0 SENIORS ACTIVE IN WINSTED CITY OF WORTHINGTON PO BOX 279 WORTHINGTON MN 561870279 416005656 GOVERNMENT 8000 0 BUILDING RELATIONSHIPS: CREATING ART WITH THE YOUNG AND YOUNG AT HEART COMMON CUP MINISTRY 105 2ND AVE SW STE 2 HUTCHINSON MN 553502470 270012506 501(C)(3) 6500 0 COMMON CUP MINISTRY CHILDREN'S PROGRAMS DEPARTMENT OF PUBLIC TRANSFORMATION PO BOX 163 GRANITE FALLS MN 562410163 830770235 501(C)(3) 255000 0 YES! HOUSE CAPITAL CAMPAIGN ELKS LODGE NUMBER 2287 INC 1105 2ND AVE WORTHINGTON MN 561872910 410874339 501(C)(3) 30000 0 WORTHINGTON ELKS LODGE - MSERP FOUNDATION FOR INNOVATION IN EDUCATION 1420 E COLLEGE DR MARSHALL MN 562582065 824640555 501(C)(3) 12000 0 59 CORRIDOR CREATING ENTREPRENEURIAL OPPORTUNITIES (CEO) FRIENDS OF THE ORCHESTRA LTD 803 CHERYL AVE MARSHALL MN 562582117 411799541 501(C)(3) 5830 0 FISCAL YEAR 2024 DISBURSEMENT GLENCOE REGIONAL HEALTH SERVICES FOUNDATION 1805 HENNEPIN AVE N GLENCOE MN 553361416 411625505 501(C)(3) 20500 0 ANIMAL ASSISTED ACTIVITY PROGRAM GRANITE FALLS LIVING AT HOMEBLOCK NURSING PO BOX 84 GRANITE FALLS MN 562410084 411971745 501(C)(3) 6800 0 MARKETING MATERIAL DEVELOPMENT GREATER MILAN INITIATIVE PO BOX 128 MILAN MN 562620128 260774267 501(C)(3) 10000 0 THE CIRCLE CAFE - PAUL AND ALMA SCHWAN AGING TRUST FUND ENDOWMENT ATF HANCOCK CHRISTIAN REFORMED CHURCH 956 5TH ST HANCOCK MN 562449770 411478362 RELIGIOUS INSTITUTIO 7200 0 MISSION SUPPORT - DARYL AND NANCY DOSDALL ADVISED FUND NE HEART OF MINNESOTA ANIMAL SHELTER PO BOX 175 HUTCHINSON MN 553500175 411933351 501(C)(3) 6000 0 PHASE 2 OF DOG BUILDING CONSTRUCTION PROJECT HENDRICKS COMMUNITY FOUNDATION PO BOX 86 HENDRICKS MN 561360086 331067345 501(C)(3) 10000 0 VETERAN'S MEMORIAL PARK - BLAZING STAR COMMUNITY ADVISED FUND NE HENDRICKS COMMUNITY HOSPITAL ASSN & RETIREMENT HOME PO BOX 106 HENDRICKS MN 561360106 410307617 501(C)(3) 9200 0 TRAINING SUPPORT HUTCHINSON AREA COMMUNITY FOUNDATION 2 MAIN ST S HUTCHINSON MN 553502505 411938474 501(C)(3) 24041 0 BOHEMIAN NATIONAL CEMETERY IMMIGRANT LAW CENTER OF MINNESOTA 450 SYNDICATE ST N STE 200 SAINT PAUL MN 551044105 410909036 501(C)(3) 7000 0 IMMIGRATION SERVICES IN SW MN ISD #173 - MOUNTAIN LAKE PO BOX 400 MOUNTAIN LAKE MN 561590400 416000682 EDUCATION 5500 0 SKATING TO A HEALTHY FUTURE ISD #177 - WINDOM PO BOX 177 WINDOM MN 561010177 416000680 EDUCATION 7505 0 GENERATION GENIUS SCIENCE & MATH ISD #2159 - BUFFALO LAKE-HECTOR-STEWART PO BOX 307 HECTOR MN 553420307 411751593 EDUCATION 18617 0 2024 TEACHER GRANT REQUESTS ISD #2180 - MACCRAY PO BOX 690 CLARA CITY MN 562220690 411783004 EDUCATION 10550 0 2024 TEACHER GRANT REQUEST ISD #2190 - YELLOW MEDICINE EAST 450 9TH AVE GRANITE FALLS MN 562411399 416004911 EDUCATION 8950 0 KEYS TO SUCCESS - 4TH GRADE PIANO PROJECT ISD #2534 - BOLD SCHOOLS 701 9TH ST S OLIVIA MN 562771572 411719361 EDUCATION 13990 0 LIGHTING FOR THE BOLD MUSICAL PROGRAM ISD #2853 - LAC QUI PARLE VALLEY 2860 291ST AVE MADISON MN 562563296 411837788 EDUCATION 17454 0 HOLIDAY MOVIE AT THE GRAND THEATER ISD #2890 - RENVILLE COUNTY WEST SCHOOLS PO BOX 338 RENVILLE MN 562840338 411813675 EDUCATION 7560 0 2023-24 SCHOOL PROJECTS ISD #2895 - JACKSON COUNTY CENTRAL PO BOX 119 JACKSON MN 561430119 411872029 EDUCATION 32695 0 SPECIAL EDUCATION GRANT & JCC FFA ALUMNI ISD #2898 - WESTBROOK WALNUT GROVE SCHOOLS PO BOX 129 WESTBROOK MN 561830129 416000705 EDUCATION 9750 0 PLUM CREEK PARK BALLFIELD IMPROVEMENTS ISD #2902 - RUSSELL TYLER RUTHTON PUBLIC SCHOOLS PO BOX 659 TYLER MN 561780659 204928015 EDUCATION 13670 0 BBQ GRILL ISD #2904 - TRACY AREA SCHOOLS 394 PINE ST TRACY MN 56175 416002013 EDUCATION 10400 0 PRESCHOOL PLAYGROUND ISD #330 - HERON LAKE-OKABENA SCHOOLS 321 STEARNS AVE HERON LAKE MN 561374061 411330168 EDUCATION 6980 0 HERON LAKE-OKABENA ELEMENTARY LIBRARY ISD #423 - HUTCHINSON 30 GLEN ST NW HUTCHINSON MN 553501618 416002222 EDUCATION 9028 0 SOLAR-POWERED ELECTRIC FENCING ISD #465 - LITCHFIELD SCHOOL 114 N HOLCOMBE AVE STE 110 LITCHFIELD MN 553552345 416002290 EDUCATION 29099 0 2024 HIGH SCHOOL THEATRE AND DANCE WORKSHOP AT MINNESOTA STATE UNIVERSITY MANKATO ISD #518 - WORTHINGTON 1117 MARINE AVE WORTHINGTON MN 561871610 416008522 EDUCATION 18560 0 READINESS PROGRAM ISD #777 - BENSON PUBLIC SCHOOLS 1400 MONTANA AVE BENSON MN 562151246 416004181 EDUCATION 8000 0 ESPORTS LAB - ROBERT SONSTENG MEMORIAL ENDOWMENT JACKSON SNOW ANGELS 315 RIVER ST JACKSON MN 561431128 854397375 501(C)(3) 15122 0 JACKSON SNOW ANGELS TRACTOR JOHNSON MEMORIAL FOUNDATION 1282 WALNUT ST DAWSON MN 562322333 411678372 501(C)(3) 20883 0 FISCAL FISCAL YEAR 2024 DISBURSEMENT LINCOLN COUNTY HISTORICAL SOCIETY INC PO BOX 211 HENDRICKS MN 561360211 411711763 501(C)(3) 8000 0 BUILDING UPGRADE LUTHERAN SOCIAL SERVICE OF MINNESOTA 2485 COMO AVE SAINT PAUL MN 551081445 410872993 501(C)(3) 19000 0 NOBLES COUNTY NUTRITIOUS MEALS FOR LOW-INCOME OLDER ADULTS MADISON ART AND INNOVATION CENTER 601 1ST ST W MADISON MN 562561319 922518138 501(C)(3) 20000 0 COMMUNITY CARES PROGRAM MADISON ART GALLERY 521 2ND AVE MADISON MN 562561526 862300115 501(C)(3) 5250 0 DIGITAL LITERACY LAB - PAUL AND ALMA SCHWAN AGING TRUST FUND ENDOWMENT ATF MAKOCE IKIKCUPI PO BOX 21 GRANITE FALLS MN 562410021 474008717 501(C)(3) 15000 0 MISSION SUPPORT MCLEOD COUNTY 520 CHANDLER AVE N GLENCOE MN 553362823 416005841 GOVERNMENT 12000 0 UNIVERSAL CONTACT MINI SOTA AGRICULTURAL CHILDREN'S MUSEUM PO BOX 75 BENSON MN 562150075 921619710 501(C)(3) 17000 0 CAPITAL PROJECT MINNESOTA RIVER AREA AGENCY ON AGING INC 201 N BROAD ST STE 102 MANKATO MN 560013569 261632413 501(C)(3) 105450 0 AGE FRIENDLY COMMUNITY BUILDING PROJECT MOUNTAIN LAKE CHRISTIAN SCHOOL PO BOX 478 MOUNTAIN LAKE MN 561590478 410783500 501(C)(3) 9000 0 SCHOOL SAFETY UPGRADES-PHASE 1 NELSAN-HORTON POST #104 OF THE AMERICAN LEGION DEPARTMENT OF MINNESOTA PO BOX 96 LITCHFIELD MN 553550096 410668419 501(C)(3) 34519 0 MSERP - LITCHFIELD AMERICAN LEGION NOBLES COUNTY HISTORICAL SOCIETY INC PO BOX 416 WORTHINGTON MN 561870416 416029584 501(C)(3) 11500 0 HISTORY ON DISPLAY OUR LADY OF THE LAKES 6680 153RD AVE NE SPICER MN 562889663 411308081 RELIGIOUS INSTITUTIO 14500 0 MISSION SUPPORT PET IA-LEIGHTON 100 KIRKWOOD ST PELLA IA 502191374 451837281 501(C)(3) 10000 0 MOBILITY WORLDWIDE - MISSION SUPPORT PIPESTONE SENIOR CITIZENS CENTER PO BOX 291 PIPESTONE MN 561640291 411470351 501(C)(3) 428602 0 SCHROEDER SENIOR CENTER AND FOOD SHELF BUILDING PRAIRIE FIVE COMMUNITY ACTION COUNCIL INCORPORATED PO BOX 159 MONTEVIDEO MN 562650159 410904802 501(C)(3) 5050 0 BENSON/SWIFT COUNTY FOOD SHELF - FREEZER REPLACEMENT PRAIRIE HOME HOSPICE AND COMMUNITY CARE 1108 E COLLEGE DR MARSHALL MN 562581902 411494079 501(C)(3) 10311 0 FISCAL YEAR 2023 DISBURSEMENTS - PRAIRIE HOME HOSPICE MARSHALL PRESBYTERIAN HOMES AND SERVICES 2845 HAMLINE AVE N ROSEVILLE MN 551131888 410758756 501(C)(3) 7100 0 HUTCHINSON HOSPICE - HUTCHINSON HOSPICE ENDOWMENT REBUILDING TOGETHER-TWIN CITIES PO BOX 266 WINDOM MN 561010266 411893180 501(C)(3) 6500 0 COTTONWOOD COUNTY REBUILDING DAY ROCK HAVEN CHURCH 1858 HIGHWAY 212 W GRANITE FALLS MN 562411614 202420331 RELIGIOUS INSTITUTIO 29534 0 MSERP - ROCK HAVEN CHURCH SAINT JOHN'S SCHOOL OF THEOLOGY AND SEMINARY PO BOX 5866 COLLEGEVILLE MN 563215866 453656162 RELIGIOUS INSTITUTIO 15000 0 PREPARING FOR A LIFE OF FAITH SERVICE SOUTH DAKOTA STATE UNIVERSITY SAD 136 BOX 2201 BROOKINGS SD 57007 460273801 EDUCATION 13000 0 BERNICE HALVORSON EDUCATION SCHOLARSHIP SOUTHWEST MINNESOTA PRIVATE INDUSTRY COUNCIL INC 607 W MAIN ST MARSHALL MN 562583169 411487964 501(C)(3) 18465 0 MSERP - SWMNPIC ST JAMES EPISCOPAL CHURCH 101 N 5TH ST MARSHALL MN 562581303 416098516 RELIGIOUS INSTITUTIO 14631 0 FISCAL YEAR 2024 DISBURSEMENT ST JOHNS PREPARATORY SCHOOL PO BOX 4000 COLLEGEVILLE MN 563214000 410693973 RELIGIOUS INSTITUTIO 10000 0 TUITION ASSISTANCE ST MARY'S SCHOOL WORTHINGTON 1206 8TH AVE WORTHINGTON MN 561872220 411539377 501(C)(3) 5744 0 FISCAL YEAR 2024 DISBURSEMENT SWIFT COUNTY HISTORICAL SOCIETY 2135 MINNESOTA AVE BLDG 2 BENSON MN 562152101 410856396 501(C)(3) 10000 0 1871 DISTRICT #6 SCHOOL HOUSE EDUCATIONAL PROJECT TEUBY CONTINUED PO BOX 24 GLENCOE MN 553360024 842398238 501(C)(3) 7500 0 TEEN MENTAL HEALTH FIRST AID TRAINING THE PAGES OF OUR COMMUNITIES FOUNDATION 2 GOLF DR OLIVIA MN 562771446 852677924 501(C)(3) 11600 0 2023 RENVILLE COUNTY WALK IN THE PARK THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF WORTHINGTON MINNESOTA 1501 COLLEGEWAY WORTHINGTON MN 561873028 416007569 501(C)(3) 9732 0 FISCAL YEAR 2024 DISBURSEMENT UNITED COMMUNITY ACTION PARTNERSHIP INC 1400 S SARATOGA ST MARSHALL MN 562583114 410904860 501(C)(3) 7000 0 MEEKER WELCOME HOME BASKETS UNITED METHODIST CHURCH OF MONTEVIDEO 731 N 11TH ST MONTEVIDEO MN 562651626 411463080 RELIGIOUS INSTITUTIO 20000 0 MISSION SUPPORT UNITED WAY OF WEST CENTRAL MINNESOTA PO BOX 895 WILLMAR MN 562010895 410844871 501(C)(3) 9900 0 MISSION SUPPORT WALLIN EDUCATION PARTNERS 451 LEXINGTON PKWY N STE 100 SAINT PAUL MN 551044637 208505156 501(C)(3) 134201 0 FY24 YELLOW MEDICINE EAST SCHOLARSHIPS WILLMAR AREA COMMUNITY FOUNDATION 1601 HIGHWAY 12 E STE 9 WILLMAR MN 562015817 363412544 501(C)(3) 11500 0 MISSION SUPPORT WOLF RIDGE ENVIRONMENTAL LEARNING CENTER 6282 CRANBERRY RD FINLAND MN 556039727 411251705 501(C)(3) 10000 0 MISSION SUPPORT 68 25 MSERP INDIVIDUALS 4 112517 OTHERS 2228289 PART I, LINE 2: THE GRANTS MANAGEMENT FUNCTION OF THE DATABASE IS THE REPOSITORY FOR ALL RECORDS RELATED TO GRANTS MADE AND/OR ASSISTANCE PROVIDED. SWIF CONDUCTS RESEARCH TO VERIFY THE ELIGIBILITY OF ALL GRANTEES, USING RESOURCES SUCH AS GUIDESTAR AND THE IRS PUBLICATION 78. EACH ADVISED FUND COMMITTEE MUST SUBMIT A ROSTER OF THEIR ADVISORS FOR BOARD REVIEW AND APPROVAL ANNUALLY, AND CRITERIA FOR THEIR GRANT IS REVIEWED TO ENSURE COMPLIANCE WITH ALL STATE AND FEDERAL REGULATIONS AND MEETS THE REQUIRED CHARITABLE PURPOSE OF THE FUND AGREEMENTS IN PLACE. X X X 0 0 0 0 0 0 0 0 0 SCOTT MARQUARDT PRESIDENT 145367 0 286 0 1358 0 7841 0 20400 0 175252 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE RECEIVES SOURCED DATA, INCLUDING 990'S FROM OTHER ORGANIZATIONS AND THE GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE. THIS DATA IS REFRESHED ANNUALLY, INCORPORATING A WAGE INFLATION INDICATOR PROVIDED BY GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE. THE BOARD OVERSEES THE COMPENSATION OF THE PRESIDENT. TO ENSURE THAT WE REMAIN COMPETITIVE AMONG OUR EMPLOYEES, THE FOUNDATION CONTINUOUSLY MONITORS THE LABOR MARKET, CONDUCTING A COMPREHENSIVE MARKET REVIEW ANNUALLY, FACILITATED BY GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE AND OVERSEEN BY THE PRESIDENT. PAY STRUCTURES (I.E., JOB VALUES) ARE EVALUATED AND ADJUSTED (AS APPROPRIATE) CONSISTENT WITH CHANGES IN THE LABOR MARKET WITHIN WHICH THE FOUNDATION COMPETES FOR TALENT AND WITH CONSIDERATION FOR OUR OVERALL BUDGET AND SUSTAINABILITY OVER TIME. INDIVIDUAL PAY ADJUSTMENTS ARE THEN MADE BASED UPON CHANGES IN THE LABOR MARKET FOR THEIR POSITION AND PERFORMANCE IN THE ROLE TO ENSURE RESULTING PAY IS COMPETITIVE AND EQUITABLE ACROSS THE FOUNDATION, PARTICULARLY FOR KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES. ANNUALLY, THIS REVIEW INCORPORATES A WAGE INFLATION INDICATOR PROVIDED BY GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE. X 4 439855 HI/LOW AVERAGE SALE 0 0 1 0 FORM 990, PART III, LINE 1, ORGANIZIATION'S MISSION SOUTHWEST INITIATIVE FOUNDATION (SWIF) IS A NONPROFIT COMMUNITY FOUNDATION CONNECTING PEOPLE, INVESTING IN IDEAS AND BUILDING COMMUNITIES TO CREATE A SOUTHWEST MINNESOTA WHERE ALL PEOPLE THRIVE. SINCE ITS FOUNDING IN 1986, SWIF HAS DISTRIBUTED MORE THAN $122 MILLION THROUGH ITS GRANTMAKING AND BUSINESS FINANCE PROGRAMS. A TALENTED TEAM OF STAFF AND DEDICATED BOARD MEMBERS WORK ALONGSIDE OUR PARTNERS, DONORS AND COMMUNITY LEADERS ON PROJECTS AND PROGRAMS THAT DIRECTLY SUPPORT OUR MISSION. FROM THE BEGINNING, WE HAVE FOCUSED ON SOCIAL AND ECONOMIC GROWTH IN SOUTHWEST MINNESOTA. THE 18 COUNTIES AND TWO NATIVE NATIONS WE CALL HOME ARE CONTINUOUSLY EVOLVING, AND SWIF HAS GROWN AND RESPONDED TO OUR REGION'S CHANGING NEEDS. THE FOUNDATION'S WORK CAN LOOK DIFFERENT FROM ONE PROGRAM, PARTNERSHIP OR PLACE TO ANOTHER. ITS ORGANIZATIONAL VALUES OF EQUITY, INTEGRITY, CURIOSITY, COLLABORATION AND OPTIMISM GUIDE THE WORK AND ENSURE STAFF BRING THE SAME CARE AND COMMITMENT TO EVERY INTERACTION. SWIF IS UNIQUELY POSITIONED TO PROVIDE REGIONAL LEADERSHIP, OFFERING A TRUSTED PERSPECTIVE THAT CAN UNITE EFFORTS AND LEADERS THROUGHOUT SOUTHWEST MINNESOTA. AS AN INDEPENDENT COMMUNITY FOUNDATION, SWIF CARRIES A LONG-TERM COMMITMENT TO THE REGION AND CAN LEVERAGE OUTSIDE FUNDING AND EXPERTISE. SWIF ALSO HAS A DEEP HISTORY OF BRINGING PEOPLE TOGETHER FROM ALL SECTORS TO EXPLORE AND IMPLEMENT LOCAL SOLUTIONS. SWIF'S ORIGINAL MISSION WAS TO STRENGTHEN SOUTHWEST MINNESOTA IN THREE WAYS: IMPROVING THE REGION'S ECONOMIC SELF-RELIANCE, OVERCOMING HUMAN DISTRESS AND PROMOTING REGIONAL LEADERSHIP, COORDINATION AND PARTNERSHIPS. THE FOUNDATION CONTINUES TO ADDRESS THESE BROAD AREAS AND SERVE AS A PARTNER THROUGH BUSINESS FINANCE AND ECONOMIC DEVELOPMENT, GRANTMAKING AND COMMUNITY PROGRAMMING, AND COMMUNITY GIVING AND PHILANTHROPY. THE LASTING OUTCOME OF THIS WORK IS ECONOMIC MOBILITY, FOR ALL PEOPLE IN SOUTHWEST MINNESOTA TO ATTAIN A REASONABLE STANDARD OF LIVING, EXPERIENCE THE DIGNITY THAT COMES FROM HAVING POWER AND AUTONOMY OVER THEIR LIVES AND BE ENGAGED IN AND VALUED BY THEIR COMMUNITY. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: WE PROVIDE GRANTS AND PROGRAMS TO CREATE OPPORTUNITIES FOR ALL PEOPLE TO THRIVE IN OUR LOCAL COMMUNITIES. OUR GRANTMAKING, PROACTIVE PROGRAMMING AND COMMUNITY-LED BELONGING ACTIVITIES HELP CREATE OPPORTUNITIES FOR ALL PEOPLE TO THRIVE IN THE COMMUNITIES THEY CALL HOME. THROUGH THESE EFFORTS, WE CAN LEAD INDIVIDUALS AND COMMUNITIES THROUGH GROWTH. SWIF HAS RELAUNCHED GROWING LOCAL: EMERGING LEADERS, AN EIGHT-MONTH TRAINING PROGRAM DESIGNED TO HELP UP AND COMING LEADERS DISCOVER AND BUILD UPON THEIR UNIQUE STRENGTHS SO THEY CAN MAKE A DIFFERENCE IN THEIR COMMUNITIES. THIS PROGRAM HELPS CULTIVATE A VITAL LEADERSHIP PIPELINE IN SOUTHWEST MINNESOTA, SUPPORTING BOARDS, COMMISSIONS AND COMMITTEES WITH LEADERS WHO REFLECT THE MAKE-UP OF COMMUNITIES. THE INITIAL COHORT GRADUATED 14 PARTICIPANTS, AND THIS YEAR'S COHORT INCLUDES 13 EMERGING LEADERS. SWIF COORDINATES WELCOMING WEEK EFFORTS ACROSS SOUTHWEST MINNESOTA RANGING FROM 6 TO 16 COMMUNITIES. THROUGH THIS, ORGANIZATIONS AND COMMUNITIES BRING TOGETHER NEIGHBORS OF ALL BACKGROUNDS TO BUILD STRONG CONNECTIONS AND AFFIRM THE IMPORTANCE OF WELCOMING AND INCLUSIVE PLACES IN ACHIEVING COLLECTIVE PROSPERITY. SWIF PROVIDES FUNDING AND SUPPORT FOR WELCOMING WEEK CELEBRATIONS IN COMMUNITIES ACROSS OUR REGION AS PART OF OUR MEMBERSHIP IN WELCOMING AMERICA, THE NATIONAL ORGANIZATION LEADING WELCOMING WEEK. THE WELCOMING AND INCLUSIVE COMMUNITIES PROJECT AT SWIF HELPS COMMUNITY MEMBERS BUILD RELATIONSHIPS AND LEARN INCLUSIVE COMMUNITY PRACTICES WHILE GROWING THEIR LOCAL NETWORK OF "WELCOMERS" WHO ARE PASSIONATE ABOUT INCLUDING EVERYONE. COMMUNITIES APPLY TO BE PART OF THE PROJECT AND THEN PARTICIPATE IN MONTHLY COHORT MEETINGS TO SHARE TOOLS, SKILLS AND STRATEGIES FOR WELCOMING AND INCLUSION. THE TEAM ALSO WORKS TO IMPROVE COMMUNITY WELLBEING BY SUPPORTING YOUTH AND FAMILIES AND IMPROVING MENTAL HEALTH RESOURCES AND AWARENESS. THIS INCLUDES BEING A PARTNER IN SUICIDE AWARENESS CAMPAIGNS, DE-ESCALATION TECHNIQUES AND CRISIS SUPPORT AND RESPONSE. STAFF HOSTED A FARM COUPLES RETREAT TO FOSTER MENTAL WELL-BEING AND STRONG RELATIONSHIPS. THE DAY INCLUDED PRACTICAL TOOLS AND STRATEGIES FOR COPING WITH STRESS AND BURNOUT. GRANTMAKING IS AT THE HEART OF OUR ROLE AS A COMMUNITY FOUNDATION. WE ACCEPT GRANT IDEAS ON AN ONGOING BASIS AS WELL AS PROVIDING DEFINED GRANT ROUNDS THROUGHOUT THE YEAR. WE ALSO SERVE AS A PHILANTHROPIC INTERMEDIARY TO BRING ADDITIONAL GRANT DOLLARS INTO OUR REGION THROUGH PARTNER FOUNDATIONS. AN OPEN GRANT ROUND ATTRACTED PROJECTS AND PROGRAMS THAT SUPPORT A STRONG FOUNDATION FOR YOUTH TO DEVELOP ESSENTIAL SKILLS AND RESILIENCE, PRIORITIZE MENTAL WELLNESS, AND CREATE A SENSE OF BELONGING THROUGH COLLABORATIVE PROJECTS THAT BRING TOGETHER INDIVIDUALS FROM DIVERSE BACKGROUNDS. SWIF IS ONE OF 23 COMMUNITY FOUNDATIONS ACROSS A 10-STATE NETWORK PARTICIPATING IN A PHILANTHROPIC PREPAREDNESS, RESILIENCY AND EMERGENCY PARTNERSHIP. WE CONTINUE TO USE THE BEST PRACTICES LEARNED THROUGH THIS NETWORK IN DISASTER RESPONSE AND RECOVERY WORK WITHIN OUR REGION AS NEEDS ARISE. SWIF'S PAUL AND ALMA SCHWAN AGING TRUST ENDOWMENT FUND PROMOTES PRODUCTIVE AGING IN SOUTHWEST MINNESOTA. ESTABLISHED IN 1991, THIS IS A KEY EXAMPLE OF THE LEGACY AND IMPACT DONORS CAN MAKE THROUGH SWIF. IT CONTINUES TO FUND AGE-FRIENDLY COMMUNITIES WORK LAUNCHED IN 2016, IN PARTNERSHIP WITH THE MINNESOTA RIVER AREA AGENCY ON AGING, AND THE PRAIRIE FIVE COMMUNITY ACTION AGENCY. THIS FUND ALSO SUPPORTS A RESPONSIVE GRANT FUND FOR COMMUNITY PROJECTS THAT REDUCE SOCIAL ISOLATION AND LONELINESS FOR SENIOR CITIZENS IN SOUTHWEST MINNESOTA. FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: SOUTHWEST INITIATIVE FOUNDATION'S COMMUNITY FOUNDATION PROGRAM ESTABLISHES A GEOGRAPHICALLY FOCUSED FUND, KNOWN AS AN AFFILIATE FOUNDATION. THROUGH A PARTNERSHIP THAT IS MUTUALLY BENEFICIAL, THE COMMUNITY FOUNDATION PROGRAM FUNCTIONS AS A WELL ESTABLISHED METHOD OF RETAINING CHARITABLE DOLLARS IN THE REGION AND USING THOSE DOLLARS TO SUPPORT COMMUNITY NEEDS AND OPPORTUNITIES. VOLUNTEER ADVISORY BOARDS DRIVE LOCAL MISSION, ACTIVITIES, AND IMPACT FOR SWIF'S 31 AFFILIATES. SWIF PROVIDES THE ADMINISTRATIVE, INVESTMENT AND 501(C)(3) INFRASTRUCTURE, AS WELL AS A SERIES OF "LAUNCH MEETINGS" TO PROVIDE BOARD TRAINING FOR NEW AFFILIATES. ADDITIONALLY, TECHNICAL AND PROFESSIONAL SUPPORT IN AREAS LIKE STRATEGIC PLANNING, FUNDRAISING, MARKETING, PUBLIC RELATIONS, AND GRANTMAKING ARE PROVIDED ON AN ONGOING BASIS FOR ALL PARTNERS. COMMUNITY FOUNDATION VOLUNTEERS ARE OFTEN WELL ESTABLISHED OR EMERGING COMMUNITY LEADERS, MAKING POSSIBLE PROJECTS LIKE PARK IMPROVEMENTS, SWIMMING POOLS, BACKPACK FOOD PROGRAMS, BAND INSTRUMENTS, STUDENT FIELD TRIPS AND SO MUCH MORE THROUGH ANNUAL GRANTMAKING AND SPECIAL INITIATIVES. SINCE THE COMMUNITY FOUNDATION PROGRAM STARTED IN 1999, NEARLY $10 MILLION HAS BEEN GRANTED TO SUPPORT COMMUNITY NEEDS AND OPPORTUNITIES. WE CURRENTLY HOLD MORE THAN 120 DESIGNATED FUNDS, INCLUDING DONOR-ADVISED FUNDS, EMPLOYEE HARDSHIP FUNDS, EDUCATION FOUNDATIONS, AGENCY ENDOWMENTS, FIELD-OF-INTEREST FUNDS AND SCHOLARSHIP FUNDS. DONOR-ADVISED FUNDS ALLOW AN INDIVIDUAL DONOR OR FAMILY TO PROVIDE INPUT REGARDING GRANT DISTRIBUTIONS. THESE FUNDS CAN BE ENDOWED OR NONENDOWED (PASSTHROUGH) AND ARE CREATED WITH A FAMILY'S GOALS AND LEGACY IN MIND. MANY DONORS FIND THAT SWIF DESIGNATED OR COMPONENT FUNDS ARE ATTRACTIVE OPTIONS TO SUPPORT THEIR CHARITABLE INTERESTS WHILE RELIEVING THEM OF THE ADMINISTRATIVE RESPONSIBILITIES THAT CAN OFTEN BECOME OVERWHELMING FOR FAMILIES AND VOLUNTEERS. ALL FUNDS UNDER THE SWIF UMBRELLA CAN RECEIVE MANY TYPES OF GIFTS, INCLUDING CASH, APPRECIATED SECURITES, REAL ESTATE, FARMLAND WHICH CAN STAY IN PRODUCTION THROUGH SWIF'S KEEP IT GROWING FARMLAND RETENTION PROGRAMAND PLANNED GIFTS, SUCH AS CHARITABLE GIFT ANNUITIES AND BEQUESTS. SWIF CAN CREATE A FUND THAT FULFILLS THE CHARITABLE GOALS OF A DONOR WHEN THE DONOR'S PRIMARY INTERESTS ARE WITHIN THE 18 COUNTY SERVICE AREA. SWIF FUNDS OFFER UNIQUE POTENTIAL TO KEEP SOUTHWEST MINNESOTA COMMUNITIES, SCHOOLS AND ORGANIZATIONS STRONG AND VIBRANT. THEY CONNECT COMMUNITY MINDED PEOPLE AND LOCAL NEEDS WITH THE RESOURCES NECESSARY FOR LONG LASTING IMPACT. FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: SOUTHWEST INITIATIVE FOUNDATION PROVIDES FLEXIBLE AND INNOVATIVE ECONOMIC DEVELOPMENT FINANCE SOLUTIONS FOR BUSINESS RETENTION, EXPANSION, STARTUP AND OWNERSHIP SUCCESSION PROJECTS THROUGH ITS BUSINESS FINANCE PROGRAM AND ITS MICROENTERPRISE LOAN PROGRAM. ITS FINANCING PROGRAMS SUPPORT PROJECTS IN THE RETAIL, SERVICE, MANUFACTURING, CHILD CARE, HOSPITALITY, AND OTHER SECTORS, WITH A SPECIAL INTEREST IN SUPPORTING PROJECTS IN FOOD AND AGRICULTURE, MANUFACTURING, RENEWABLE ENERGY AND BIOSCIENCE. IN ADDITION, THE MICROENTERPRISE LOAN PROGRAM PROVIDES VALUABLE TECHNICAL ASSISTANCE FOR BORROWERS IN THE AREAS OF BUSINESS MANAGEMENT AND OPERATIONS, FINANCE AND ACCOUNTING, AND MARKETING. SWIF IS ESPECIALLY INTERESTED IN OPPORTUNITIES TO SUPPORT POPULATIONS WHO HAVE BEEN HISTORICALLY UNDERINVESTED IN BY THE MARKETPLACE INCLUDING WOMEN, BIPOC ENTREPRENEURS, VETERANS, PEOPLE WITH DISABILITIES, AND LOWINCOME PEOPLE. SWIF ALSO OPERATES THE INITIATE PROSPERITY WEBSITE (IN PARTNERSHIP WITH NORTHERN ECONOMIC INITIATIVES CORPORATION) WWW.INITIATEPROSPERITY.ORG WHICH PROVIDES COMPREHENSIVE TECHNICAL ASSISTANCE RESOURCES INCLUDING INTERACTIVE TOOLS, TEMPLATES, VIDEOS AND GUIDES. SWIF IS A LENDER FOR THE MINNESOTA EMERGING ENTREPRENEUR LOAN PROGRAM THROUGH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT, IN ADDITION TO BEING A MICROLENDER THROUGH THE US SMALL BUSINESS ADMINISTRATION (SBA) AND A RURAL MICROENTREPRENEUR ASSISTANCE PROGRAM LENDER THROUGH THE US DEPARTMENT OF AGRICULTURE (USDA). SWIF IS ALSO A GRANTOR FOR THE MINNESOTA MAIN STREET ECONOMIC REVITALIZATION PROGRAM, IN ADDITION TO BEING A PARTNER FOR THE ELEVATE COMMUNITY BUSINESS ACADEMY AS PART OF THE RISING TIDE CAPITAL NETWORK. CHILD CARE IS THE FASTEST GROWING ECONOMIC DEVELOPMENT ISSUE FACING OUR REGION. SWIF HAS DEVELOPED A MULTIFACETED RESPONSE FOCUSED ON FIVE ASPECTS: PROJECT INVESTMENT AND TECHNICAL ASSISTANCE, COMMUNITY PLANNING, PROFESSIONAL DEVELOPMENT, PUBLIC POLICY, AND PUBLIC RELATIONS. SWIF HAS SUPPORTED PROFESSIONAL DEVELOPMENT OF THE REGION'S ECONOMIC DEVELOPMENT PROFESSIONALS, IN ADDITION TO SPONSORING ECONOMIC DEVELOPMENT RELATED PROGRAMMING, EVENTS, AND RELATIONSHIP BUILDING OPPORTUNITIES. SWIF HAS ALSO SERVED AS A CONVENER, FACILITATOR, FUNDER, ADVOCATE, AND/OR PROGRAM ADMINISTRATOR FOR PROJECTS RELATED TO CAREER PATHWAYS AND CHILD CARE. OUR RURAL COMMUNITIES FACE UNIQUE CHALLENGES, AS WELL AS OPPORTUNITIES TO COLLABORATE AROUND THESE AND OTHER ISSUES. KEY ISSUES FACING OUR REGION'S ECONOMIC DEVELOPMENT INCLUDE CHILD CARE, HOUSING, AND BROADBAND. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE OFFICERS OF THE CORPORATION; CHAIRPERSON, VICE-CHAIRPERSON, SECRETARY, AND TREASURER AS WELL AS THE IMMEDIATE PAST CHAIRPERSON. THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE BOARD TO REVIEW AND ACT UPON GRANTS AND LOANS, REVIEW AND ACT UPON POLICIES, REVIEW AND ACT UPON BUDGETARY VARIANCES, AND CONDUCT OTHER BUSINESS OF THE CORPORATION BETWEEN REGULARLY SCHEDULED BOARD MEETINGS. ALL ACTIONS OF THE EXECUTIVE COMMITTEE ARE REVIEWED BY THE FULL BOARD AND RATIFIED AT THE NEXT SCHEDULED FULL BOARD MEETING. FORM 990 PART VI SECTION A, LINE 2: BOARD MEMBERS DO NOT HAVE FAMILY OR BUSINESS RELATIONSHIPS WITH EACH OTHER. IF A RELATIONSHIP ARISES, IT MUST BE DISCLOSED AT THAT TIME. A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ANNUALLY, AND EACH BOARD MEETING HAS A STANDING AGENDA ITEM ASKING FOR DISCLOSURES AS WELL. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS REVIEWED BY APPROPRIATE STAFF IN THE FOUNDATION AND THEN PRESENTED TO THE FINANCE AND AUDIT COMMITTEE FOR REVIEW AND RECOMMENDATION TO THE BOARD. THE FULL BOARD RECEIVES A COPY OF THE FORM ON THE BOARD PORTAL PRIOR TO VOTING ON THE RECOMMENDATION. FORM 990, PART VI, SECTION B, LINE 12C AT THE COMMENCEMENT OF EACH FISCAL YEAR, ALL EMPLOYEES RECEIVE THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE. ADDITIONALLY, SHOULD THEY ASSUME A POSITION ON A BOARD THAT COULD POTENTIALLY CONFLICT WITH THE POLICIES OUTLINED THEREIN, THEY ARE OBLIGATED TO UPDATE THE CONFLICTS OF INTEREST QUESTIONNAIRE. FORM 990, PART VI, SECTION B, LINE 15 SOUTHWEST INITIATIVE FOUNDATION'S PRESIDENT COMPENSATION IS OVERSEEN AND ADMINISTERED BY THE EXECUTIVE COMMITTEE OF THE BOARD, WHICH IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE PRESIDENT. THIS PROGRAM IS REVIEWED ANNUALLY, INCORPORATING A WAGE INFLATION INDICATOR PROVIDED BY GALLAGHER, AS APPROPRIATE, AND ADJUSTMENTS ARE MADE BASED ON CHANGES IN THE LABOR MARKET IN WHICH THE FOUNDATION COMPETES FOR TALENT, WHILE ALSO CONSIDERING THE FOUNDATION'S OVERALL BUDGET AND LONG-TERM SUSTAINABILITY. INDIVIDUAL PAY ADJUSTMENTS ARE DETERMINED BY CHANGES IN THE LABOR MARKET FOR THE POSITION AND PERFORMANCE IN THE ROLE TO ENSURE COMPENSATION REMAINS COMPETITIVE AND EQUITABLE. THE EXECUTIVE COMMITTEE WORKS WITH GALLAGHER'S HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE TO SOURCE DATA, INCLUDING 990S FROM COMPARABLE ORGANIZATIONS, AS NEEDED. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN AGENCY FUNDS -59,953. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 91,124. PROVISION FOR LOAN LOSSES 641,522. SWIF REAL ESTATE HOLDINGS LLC 15 3RD AVE NW HUTCHINSON MN 55350 475210879 REAL ESTATE MN 0 0 SOUTHWEST INITIATIVE FOUNDATION SOUTHWEST MINNESOTA COMMUNITY CAPITAL 15 3RD AVE NW HUTCHINSON MN 55350 993502057 LENDING MN 0 10003 SOUTHWEST INITIATIVE FOUNDATION