2026-03-05T12:48:13-06:00 2025-06-30 393647910 WIPFLI ADVISORY LLC 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-07-01 932224498 NORTH STAR NEIGHBORS NORT 2187592057 201 3RD ST NW BEMIDJI MN 556013111 KAREN WHITE PRESIDENT 2187592057 2026-02-17 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2026-02-17 2024 2025-03-06 01:10:19Z KAREN WHITE 201 3RD ST NW BEMIDJI MN 556013111 1079580 0 X N/A X 2023 MN TO PROVIDE AFFORDABLE HOME OWNERSHIP OPPORTUNITIES FOR LOW TO MODERATE INCOME HOUSEHOLDS BY RETAINING OWNERSHIP OF THE LAND ON WHICH THE HOUSE IS LOCATED AND PRESERVING THE AFFORDABILITY. 12 12 0 15 0 0 0 802666 0 0 0 -42474 0 2676 0 762868 5512 0 0 0 27035 0 0 0 0 57116 118062 89663 118062 -89663 644806 235968 2641335 25631 1636192 210337 1005143 TO PROVIDE AFFORDABLE HOME OWNERSHIP OPPORTUNITIES FOR LOW TO MODERATE INCOME HOUSEHOLDS BY RETAINING OWNERSHIP OF THE LAND ON WHICH THE HOUSE IS LOCATED AND PRESERVING THE AFFORDABILITY. 0 0 118062 0 -42712 NORTH STAR NEIGHBORS ADDRESSES DISPARITIES IN HOMEOWNERSHIP FOR UNDERREPRESENTED HOUSEHOLDS THROUGH NEW CONSTRUCTION, ACQUISITION AND REHAB OF EXISTING HOMES, OR HOMEBUYER-INITIATED PURCHASE PROGRAMS. 118062 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X SHANNON JESME 2187592057 201 3RD ST NW BEMIDJI MN 556013111 JASON CARLSON CHAIR 1.00 5.00 X X 0 0 0 BRUCE REEVES VICE CHAIR 1.00 5.00 X X 0 0 0 CONNIE LINDSTROM TREASURER 1.00 5.00 X X 0 0 0 CHERI GUNVALSON SECRETARY 1.00 5.00 X X 0 0 0 TODD BECKEL DIRECTOR (THRU 7/24) 1.00 5.00 X 0 0 0 ALISHA EVERWIND DIRECTOR 1.00 5.00 X 0 0 0 KAITLYN GRENIER DIRECTOR (THRU 7/24) 1.00 5.00 X 0 0 0 CHRISTINE IMBRA DIRECTOR 1.00 5.00 X 0 0 0 JILL JOHNSON DIRECTOR 1.00 5.00 X 0 0 0 MIKE LAROQUE DIRECTOR 1.00 5.00 X 0 0 0 KYLE LARSON DIRECTOR 1.00 5.00 X 0 0 0 MICHELLE PAQUIN DIRECTOR (THRU 7/24) 1.00 5.00 X 0 0 0 JACK SWANSON DIRECTOR 1.00 5.00 X 0 0 0 KRISTI THORFINNSON DIRECTOR 1.00 5.00 X 0 0 0 DEB ZAK DIRECTOR 1.00 5.00 X 0 0 0 KAREN WHITE PRESIDENT 1.00 40.00 X 0 195698 9785 0 195698 9785 0 0 1 0 0 102000 633666 67000 131000 802666 238 238 274000 316712 -42712 -42712 -42712 2676 2676 2676 762868 -42712 0 2914 X 105407 105407 100 100 12000 12000 555 555 118062 118062 0 0 195968 397044 2244291 0 40000 2244291 235968 2641335 1980 420543 0 1086000 23651 129649 25631 1636192 X 210337 1005143 210337 1005143 235968 2641335 X 644806 150000 X 0 1 X 1 1 1 X 802666 802666 802666 802666 802666 238 238 802904 276676 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 171000 171000 2073291 2073291 2244291 DUE TO NMF 129649 129649 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION ON UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAVE BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE FOUNDATION IS ALSO EXEMPT FROM MINNESOTA INCOME TAXES. THE FOUNDATION EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES. MANAGEMENT DOES NOT BELIEVE IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY, NOR DO THEY BELIEVE THERE ARE ANY UNREALIZED TAX BENEFITS. 0 0 0 0 0 0 0 0 0 KAREN WHITE PRESIDENT 0 195698 0 0 0 0 0 9785 0 0 0 205483 0 0 PART I, LINE 3 THE PRESIDENT'S RELATED COMPENSATION IS SUBJECT TO ANNUAL REVIEW BY THE BOARD OF THE NORTHWEST MINNESOTA FOUNDATION, WHO THEN DETERMINES THE SALARY. THE DETERMINATION IS ALSO BASED ON EXTERNAL COMPENSATION DATA. X 8 131000 COST OF LAND 0 0 0 0 PART I, COLUMN (B): THE TOTAL NUMBER IN COLUMN (B) IS THE NUMBER OF PARCELS OF LAND DONATED TO THE ORGANIZATION DURING THE CALENDAR YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE PROVIDED TO AND REVIEWED BY THE BOARD PRIOR TO FILING. A DIGITAL COPY OF THE FINAL 990 DRAFT WILL BE SENT TO ALL BOARD MEMBERS AT LEAST A WEEK BEFORE THE 990 IS OFFICIALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MUST YEARLY SIGN THE CONFLICT OF INTEREST POLICY, WHICH IS WRITTEN TO EMPHASIZE FAIRNESS, CONSISTENCY AND INTEGRITY IN ALL OF ITS DECISION MAKING. THE INTENT OF THE POLICY IS TO ENSURE THAT THERE WILL BE NO BASIS FOR LEGAL ACTION OR ACCUSATIONS OF SELF-DEALING. THE BOARD WILL EXCLUDE ANY MEMBER FROM ALL DELIBERATIONS AND DECISIONS CONCERNING ACTIONS ON PROJECT, SERVICE, OR OTHER MATTER PROPOSED FOR FUNDING IN WHICH SUCH MEMBER MAY HAVE A DIRECT OR INDIRECT FIDUCIARY INTEREST. ANY MEMBER OF THE BOARD MAY QUESTION ANOTHER BOARD MEMBER AS TO CONFLICT OF INTEREST, AND THE BOARD OF DIRECTORS AS A WHOLE WILL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS SUBJECT TO ANNUAL REVIEW BY THE BOARD, WHO THEN DETERMINES THE SALARY. KEY EMPLOYEE COMPENSATION IS REVIEWED BY MANAGEMENT AND THE PRESIDENT. THE DETERMINATION IS ALSO BASED ON EXTERNAL COMPENSATION DATA. FORM 990, PART VI, SECTION C, LINE 19 THE 990, AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 74,325. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,325. CONSULTANTS: PROGRAM SERVICE EXPENSES 31,082. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,082. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS FROM NORTHWEST MINNESOTA FOUNDATION 150,000. NORTHWEST MINNESOTA FOUNDATION 201 3RD ST NW BEMIDJI MN 56601 411556013 HOUSING MN 501(C)(3) LINE 7 N/A 0 NORTHWEST MINNESOTA COMMUNITY IMPACT 201 3RD ST NW BEMIDJI MN 56601 922203589 LENDING MN 501(C)(3) LINE 7 NORTHWEST MINNESOTA FOUNDATION 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 NORTHWEST MINNESOTA FOUNDATION C 102000 COST