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Initiative Foundation

Unlock the power of Central Minnesota people to build and sustain thriving communities.

Mission Statement
Review Completed: 9/9/2011
405 First St SE
Little Falls, MN 56345
Phone: 320-632-9255
Fax: 320-632-9258
EIN 36-3451562
Principal Staff Kathy Gaalswyk, President
Number of Full-Time Equivalents (FTE) 22
Number of Volunteers 25
General Information
Board Chair Lee Hanson
Number of Board Members 12
Board meetings with quorum 9
Average Member Attendance at Board Meetings 10.33
Publicly Available Documents Most Recent 990
Most Recent Audit
Board
Accomplishments
Leadership and Community Development Program - Provide leadership training, grant making, technical assistance and planning to improve the health of communities, our environment and nonprofits. Grants provide assistance to charitable and other non-profit organizations. Forty groups were trained, including 1,044 individuals. Total Expense $1,898,989 includes grants of $787,561; net amount $1,111,428.Helps communities achieve their plans through business and grant investments that strengthen the region's economy, job quality and utilization of technology. A loan portfolio exists to provide financial assistance for the startup and expansion of businesses. Total Expense $1,150,680 includes grants of $218,600; net amount $932,080.Provides insight into emerging issues affecting the Foundation's region and increases awareness of the Foundation, its programs, donor services and opportunities. Four publications of "IQ", a free magazine, were issued.Resources utilized for community-based projects, studies, seminars.
Current Goals
Strengthen local and regional economies by investing financial and human capital in community-focused businesses and the organizations supporting them.
Community or Constituency Served
Citizens and communities within central Minnesota.
Geographic Area Served
14 Counties throughout central MN: Benton, Cass, Crow Wing, Chisago, Isanti, Kanabec, Mille Lacs, Morrison, Pine, Sherburne, Stearns, Todd, Wadena, Wright
Impact and Programs
From the Council The Initiative Foundation meets the Reserve Limits standard because donor advised funds and the funds for the Economic Opportunity Program were not counted as part of the equation owing to the purpose and use of the funds.
From the Charity Thank you for using this valuable resource. Please visiit us at www.ifound.org and/or call us at 320-632-9255.
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