Form990
Click to see attachment
Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
A For the 2015 calendar year, or tax year beginning 07-01-2015 , and ending 06-30-2016
BCheck if applicable:
CName of organization
SOUTHWEST INITIATIVE FOUNDATION
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
15 3RD AVE NW
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HUTCHINSON, MN55350
D Employer identification number

41-1555592
E Telephone number

G Gross receipts $ 46,440,041
F Name and address of principal officer:
DIANA D ANDERSON
15 3RD AVE NW
HUTCHINSON,MN55350
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.SWIFOUNDATION.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1986
M State of legal domicile: MN
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: A REGIONAL COMMUNITY FOUNDATION DEDICATED TO ADVANCING SOUTHWEST MINNESOTA.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 12
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 12
5 Total number of individuals employed in calendar year 2015 (Part V, line 2a) ...... 5 24
6 Total number of volunteers (estimate if necessary) ............. 6 200
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 2,991,161 4,551,115
9 Program service revenue (Part VIII, line 2g) ......... 496,396 541,359
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 2,555,025 1,840,672
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 97,070 132,424
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 6,139,652 7,065,570
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 1,234,585 1,924,228
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 1,701,763 1,753,333
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet570,197    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 1,646,273 1,568,171
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 4,582,621 5,245,732
19 Revenue less expenses. Subtract line 18 from line 12....... 1,557,031 1,819,838
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 79,925,943 79,244,088
21 Total liabilities (Part X, line 26)............. 11,036,874 9,643,924
22 Net assets or fund balances. Subtract line 21 from line 20..... 68,889,069 69,600,164
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2015)
Form 990 (2015)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: SEE SCHEDULE O
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 1,135,369 including grants of $ 92,250 ) (Revenue $ 492,938 )
ECONOMIC DEVELOPMENT (SEE SCHEDULE O)
4b (Code:   ) (Expenses $ 1,370,321 including grants of $ 1,145,558 ) (Revenue $ 0 )
COMMUNITY FOUNDATIONS AND DESIGNATED FUNDS (SEE SCHEDULE O)
4c (Code:   ) (Expenses $ 1,465,974 including grants of $ 686,420 ) (Revenue $ 106,795 )
LEADERSHIP & COMMUNITY DEVELOPMENT PROGRAMS (SEE SCHEDULE O)
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet3,971,664
Form 990 (2015)
Form 990 (2015)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II..............
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III.................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment..................
6
Yes
 
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment.............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2015)
Form 990 (2015)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J.......................
23
 
No
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I............
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I ...................
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II ................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV ........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .............Click to see attachment
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II ...........
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I ........Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2015)
Form 990 (2015)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
46
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
 
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
24
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
No
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
No
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2015)
Form 990 (2015)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
12
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
12
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
 
No
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
MN
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletMARGIE NELSEN CFO15 3RD AVE NW   HUTCHINSON,MN55350 (320) 587-4848
Form 990 (2015)
Form 990 (2015)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) ROBERT THURSTON......................................................................
CHAIR
 7.00
.................
  		X   X       602 0 0
(2) JANICE NELSON......................................................................
VICE CHAIR
 7.00
.................
  		X   X       0 0 0
(3) ROB SAUNDERS......................................................................
PAST CHAIR
 3.00
.................
  		X   X       1,169 0 0
(4) TIM CONNELL......................................................................
SECRETARY
 3.00
.................
  		X   X       834 0 0
(5) JAN LUNDEBREK......................................................................
TREASURER
 3.00
.................
  		X   X       0 0 0
(6) CHRISTIE HANTGE......................................................................
BOARD MEMBER
 3.00
.................
  		X           0 0 0
(7) PATTI LOEHR-DOLS......................................................................
BOARD MEMBER
 3.00
.................
  		X           0 0 0
(8) MARY MAERTENS......................................................................
BOARD MEMBER
 3.00
.................
  		X           0 0 0
(9) GREG RAYMO......................................................................
BOARD MEMBER
 3.00
.................
  		X           1,058 0 0
(10) RANDY REINKE......................................................................
BOARD MEMBER
 3.00
.................
  		X           772 0 0
(11) ROBERT TAUBERT......................................................................
BOARD MEMBER
 3.00
.................
  		X           829 0 0
(12) MARK TITUS......................................................................
BOARD MEMBER
 3.00
.................
  		X           0 0 0
(13) DIANA D ANDERSON......................................................................
PRESIDENT/CEO
 50.00
.................
  		    X       126,928 0 13,063
(14) SCOTT MARQUARDT......................................................................
VICE PRESIDENT
 50.00
.................
  		    X       82,844 0 10,158
(15) MARGIE NELSEN......................................................................
CFO
 50.00
.................
  		    X       76,305 0 8,872




Form 990 (2015)
Form 990 (2015)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;


























1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 291,341 0 32,093
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet1
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
 
No
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet0
Form 990 (2015)
Form 990 (2015)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e 311,874
f All other contributions, gifts, grants, and similar amounts not included above1f 4,239,241
g Noncash contributions included in lines 1a-1f:$ 50,236
h Total.Add lines 1a-1f.......MediumBullet 4,551,115
Program Service RevenueAmt Business Code
2a LOAN INTEREST 522100 420,760 420,760    
b OTHER PROGRAM INCOME 900099 79,451 79,451    
c PROJECT SPECIFIC REV 900099 27,344 27,344    
d LOAN ADMIN FEES 900099 13,804 13,804    
e
f All other program service revenue.        
g Total.Add lines 2a–2f.....MediumBullet 541,359
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ..........MediumBullet 853,748     853,748
4 Income from investment of tax-exempt bond proceedsMediumBullet        
5 Royalties...........MediumBullet        
(ii) Personal (i) Real
6a Gross rents   74,050
b Less: rental expenses   0
c Rental income or (loss)   74,050
d Net rental income or (loss)......MediumBullet 74,050     74,050
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory   40,361,395
b Less: cost or other basis and sales expenses   39,374,471
c Gain or (loss)   986,924
d Net gain or (loss).....MediumBullet 986,924     986,924
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities..MediumBullet        
10a Gross sales of inventory, less
returns and allowances ..
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Business Code Miscellaneous Revenue
11a MISCELLANEOUS INCOME 900099 58,374 58,374    
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet 58,374
12 Total revenue. See Instructions......MediumBullet 7,065,570 599,733 0 1,914,722
Form 990 (2015)
Form 990 (2015)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 1,924,228 1,924,228
2 Grants and other assistance to individuals in the United States. See Part IV, line 22    
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 397,398 195,475 116,133 85,790
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 1,037,952 654,547 208,860 174,545
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 51,618 32,561 10,382 8,675
9 Other employee benefits ....... 169,635 105,849 36,170 27,616
10 Payroll taxes ........... 96,730 57,785 21,604 17,341
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 75,202 36,026   39,176
c Accounting ........... 29,077 17,984 6,691 4,402
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 154,087   154,087  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 181,845 152,625 17,851 11,369
12 Advertising and promotion .... 69,726 43,477 16,234 10,015
13 Office expenses ....... 135,193 80,201 22,131 32,861
14 Information technology ...... 137,973 81,857 32,163 23,953
15 Royalties ..        
16 Occupancy ........... 53,996 31,754 13,726 8,516
17 Travel ............ 124,611 86,256 29,516 8,839
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 86,681 47,560 36,903 2,218
20 Interest ........... 201,187 121,205 49,771 30,211
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 114,267 67,356 28,573 18,338
23 Insurance ... 21,941 12,996 5,438 3,507
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a FUNDRAISING COSTS 53,675     53,675
b PUBLIC RELATIONS 47,464 24,688 16,212 6,564
c ADMINISTRATIVE FEES 0 168,469 -168,517 48
d
e All other expenses 81,246 28,765 49,943 2,538
25 Total functional expenses. Add lines 1 through 24e 5,245,732 3,971,664 703,871 570,197
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2015)
Form 990 (2015)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 3,600 1 3,600
2 Savings and temporary cash investments ......... 1,639,179 2 1,207,488
3 Pledges and grants receivable, net ...... 430,308 3 545,594
4 Accounts receivable, net .............   4  
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
  6  
7 Notes and loans receivable, net .... 7,078,765 7 7,001,544
8 Inventories for sale or use ........   8  
9 Prepaid expenses and deferred charges ...... 13,451 9 35,898
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 3,512,205
b Less: accumulated depreciation 10b 1,025,057 2,530,481 10c 2,487,148
11 Investments—publicly traded securities . 60,423,224 11 60,188,830
12 Investments—other securities. See Part IV, line 11 ..... 7,680,888 12 7,670,318
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 126,047 15 103,668
16 Total assets. Add lines 1 through 15 (must equal line 34)... 79,925,943 16 79,244,088
Liabilities 17 Accounts payable and accrued expenses ..... 727,546 17 179,623
18 Grants payable ... 135,732 18 384,554
19 Deferred revenue .........   19 115,546
20 Tax-exempt bond liabilities ......... 2,731,831 20 1,724,547
21 Escrow or custodial account liability. Complete Part IV of Schedule D 1,360,680 21 1,496,167
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..   22  
23 Secured mortgages and notes payable to unrelated third parties .. 2,035,774 23 1,783,856
24 Unsecured notes and loans payable to unrelated third parties ..   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D 4,045,311 25 3,959,631
26 Total liabilities. Add lines 17 through 25.. 11,036,874 26 9,643,924
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets 22,385,310 27 21,385,962
28 Temporarily restricted net assets ........... 14,895,252 28 14,663,065
29 Permanently restricted net assets 31,608,507 29 33,551,137
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund ...   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 68,889,069 33 69,600,164
34 Total liabilities and net assets/fund balances ........ 79,925,943 34 79,244,088
Form 990 (2015)
Form 990 (2015)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
7,065,570
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
5,245,732
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
1,819,838
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
68,889,069
5
Net unrealized gains (losses) on investments ...............
5
-1,066,183
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-42,560
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
69,600,164
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2015)
Form 990 (2015)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4


5
6
7
8
9
10
11
a
b
c
d
e
f
Enter the number of supported organizations ..............  

g
Provide the following information about the supported organization(s).
(i)Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total      

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any unusual grants.) .... 4,024,754 4,135,439 4,176,639 2,991,161 4,551,115 19,879,108
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3 4,024,754 4,135,439 4,176,639 2,991,161 4,551,115 19,879,108
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. 6,696,316
6 Public support. Subtract line 5 from line 4. 13,182,792
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
7 Amounts from line 4.. 4,024,754 4,135,439 4,176,639 2,991,161 4,551,115 19,879,108
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 1,327,009 1,099,536 1,109,517 951,239 927,798 5,415,099
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..            
11 Total support. Add lines 7 through 10. 25,294,207
12
12
2,695,961
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
52.120 %
15
15
53.260 %
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513...            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support. (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    

Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by .035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    

Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity		  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations  
4 Amounts paid to acquire exempt-use assets  
5 Qualified set-aside amounts (prior IRS approval required)  
6 Other distributions (describe in Part VI). See instructions  
7Total annual distributions. Add lines 1 through 6.  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions		  
9 Distributable amount for 2015 from Section C, line 6  
10 Line 8 amount divided by Line 9 amount  

Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2015 		(iii)
Distributable
Amount for 2015
1 Distributable amount for 2015 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2015
(reasonable cause required--see instructions)		  
3 Excess distributions carryover, if any, to 2015:
a
b
c
d From 2013.......  
e From 2014.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2015 distributable amount  
i Carryover from 2010 not applied (see
instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2015 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2015 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2015, if any. Subtract lines 3g and 4a from line 2
(if amount greater than zero, see instructions)		  
6 Remaining underdistributions for 2015. Subtract
lines 3h and 4b from line 1 (if amount greater than
zero, see instructions)		  
7 Excess distributions carryover to 2016. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a
b
c Excess from 2013.......  
d From 2014.......  
e From 2015.......  
Schedule A (Form 990 or 990-EZ) (2015)

Schedule A (Form 990 or 990-EZ) 2015
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A (Form 990 or 990-EZ) 2015


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Name of the organization
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
Name of organization
SOUTHWEST INITIATIVE FOUNDATION
  		Employer identification number
41-1555592
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 

   
 
 
  ,    

$ RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Page 3
Name of organization
SOUTHWEST INITIATIVE FOUNDATION
  		Employer identification number

41-1555592
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Page 4
Name of organization
SOUTHWEST INITIATIVE FOUNDATION
  		Employer identification number

41-1555592
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No.from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No.from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No.from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No.from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .... 20 189
2 Aggregate value of contributions to (during year) 1,085,605 2,302,928
3 Aggregate value of grants from (during year) 105,291 1,759,042
4 Aggregate value at end of year .... 1,688,893 67,911,268
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ...........
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ............................
Part II
Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a)Current year (b)Prior year (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 46,535,872 45,965,928 40,394,208 36,815,739 36,818,901
b Contributions ... 1,874,516 1,092,643 871,173 1,070,416 1,277,905
c Net investment earnings, gains, and losses 435,959 1,274,953 6,579,176 4,095,036 492,822
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		2,352,854 1,797,652 1,878,629 1,586,983 1,773,889
f Administrative expenses ....          
g End of year balance ...... 46,493,493 46,535,872 45,965,928 40,394,208 36,815,739
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet28.860 %
b
Permanent endowment SchDMd Bullet67.040 %
c
Temporarily restricted endowment SchDMd Bullet4.100 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations .................
3a(i)
 
No
(ii) related organizations .................
3a(ii)
 
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ...   1,015,000 1,015,000
b Buildings   1,669,402 415,969 1,253,433
c Leasehold improvements   191,929 106,991 84,938
d Equipment ...   635,874 502,097 133,777
e Other ...        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 2,487,148
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c)Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) DONATED REAL ESTATE HELD AS INVESTMENTS 		1,360,500 C

(B) FARMLAND WITH LIFE ESTATE 		6,120,915 C

(C) CHARITABLE REMAINDER UNITRUST 		188,903 C
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 7,670,318
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
ANNUITY PAYABLE 15,944
CAPITAL LEASE PAYABLE 18,325
LIFE ESTATE LIABILITY 3,736,459
OBLIGATIONS OF SPLIT-INTEREST AGREEMENTS 188,903
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 3,959,631
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 5,669,841
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a -1,066,183
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d 60,728
e Add lines 2a through 2d ..................... 2e -1,005,455
3 Subtract line 2e from line 1.................. 3 6,675,296
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 154,087
b Other (Describe in Part XIII.) ........... 4b 236,187
c Add lines 4a and 4b.................... 4c 390,274
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 7,065,570
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 4,958,746
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d.................... 2e 0
3 Subtract line 2e from line 1................... 3 4,958,746
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 154,087
b Other (Describe in Part XIII.) ............ 4b 132,899
c Add lines 4a and 4b..................... 4c 286,986
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 5,245,732

Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART IV, LINE 2B: ASSETS HELD ON DONOR'S BEHALF CONSISTS OF 23 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 OPERATION BUDGET 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 NON-PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. AWSM LLC. AND SWIF REAL ESTATE HOLDINGS, LLC ARE 100% OWNED LLC'S AND AS SUCH 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 60,728.
PART XI, LINE 4B - OTHER ADJUSTMENTS: AGENCY FUND REVENUES 177,813. PROVISION FOR LOAN LOSS 58,374.
PART XII, LINE 4B - OTHER ADJUSTMENTS: AGENCY FUND EXPENSES 74,525. PROVISION FOR LOAN LOSS 58,374.
Schedule D (Form 990) 2015


Additional Data


Software ID:  
Software Version:  




Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number
41-1555592
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) ACE OF SOUTHWEST MINNESOTA
3001 MAPLE ROAD SUITE 400
SLAYTON,MN56172 		41-1242095 GOVERNMENT 8,800       CREATING DEMENTIA-FRIENDLY COMMUNITIES
(2) ALLINA HEALTH HOSPICE FOUNDATION
333 N SMITH SVE STE 4640
SAINT PAUL,MN55102 		27-4116873 501C(3) PUBLIC CHARI 10,000       HOSPICE MUSIC THERAPY PROGRAM
(3) AMERICAN LEGION POST #0199
208 NORTH JEFFERSON STREET
MENNEOTA,MN56264 		41-6040981 501C(19) PUBLIC CHAR 5,000       MEMORIAL PARK
(4) BERGEN LUTHERAN CHURCH
4603 310TH AVE
GRANITE FALLS,MN56241 		41-1290187 RELIGIOUS 5,000       MISSION WORK
(5) BLANDIN FOUNDATION
100 N POKEGAMA AVE
GRAND RAPIDS,MN55744 		41-9038619 501(C)3 PRIVATE CHAR 5,600       LEADERSHIP IN ETHNICALLY DIVERSE COMMUNITIES (LEDC)
(6) BLUE AND GOLD EDUCATIONAL FOUNDATION - DIST 891
307 1ST ST W
CANBY,MN56220 		41-1522315 501C(3) PUBLIC CHARI 42,425       CANBY HIGH SCHOOL SCHOLARSHIP AWARDS
(7) BROOKSIDE SENIOR LIVING
804 BENSON RD
MONTEVIDEO,MN56265 		41-0871848 501C(3) PUBLIC CHARI 5,000       BROOKSIDE MANOR
(8) CHILD CARE & NUTRITION INC
324 N NORMAN PO BOX 138
IVANHOE,MN561420138 		41-1496910 501C(3) PUBLIC CHARI 5,000       EARLY CHILD CARE - CONFERENCES
(9) CHILDREN'S DENTAL SERVICES
636 BROADWAY ST NE
MINNEAPOLIS,MN55413 		41-0857929 501C(3) PUBLIC CHARI 8,000       DENTAL OUTREACH
(10) CHRISTIAN COMMUNITY OUTREACH CENTER
815 E LINCOLN AVE
OLIVIA,MN56277 		41-1951484 RELIGIOUS 12,500       AFTER SCHOOL ENRICHMENT PROGRAM
(11) CITY OF HUTCHINSON
111 HASSAN ST SE
HUTCHINSON,MN55350 		41-6005253 GOVERNMENT 31,196       HUTCHINSON LAW ENFORCEMENT MEMORIAL PARK
(12) CITY OF MADISON
404 6TH AVE N
MADISON,MN56256 		41-6005335 GOVERNMENT 23,800       SWIMMING POOL RENOVATIONS
(13) CITY OF MOUNTAIN LAKE
930 3RD AVE PO BOX C
MOUNTAIN LAKE,MN56159 		41-6005401 GOVERNMENT 5,000       HEALTHY TREES
(14) CITY OF PIPESTONE
119 2ND AVE SW STE 9
PIPESTONE,MN56164 		41-6005460 GOVERNMENT   415,328   BUILDING HIAWATHA LODGE BUILDING
(15) CITY OF REDWOOD FALLS PARKS & RECREATION DEPT
901 COOK ST
REDWOOD FALLS,MN56283 		41-6005484 GOVERNMENT 5,000       SENIOR CENTER SURVEILLANCE SYSTEM
(16) CLARKFIELD CARE CENTER
805 5TH ST PO BOX 458
CLARKFIELD,MN56223 		41-1279578 501C(3) PUBLIC CHARI 5,000       CLARKFIELD AMBULANCE
(17) COUNCIL ON FOUNDATIONS
2121 CRYSTAL DR STE 700
ARLINGTON,VA22202 		13-6068327 501C(3) PUBLIC CHARI 14,350       2016 MEMBERSHIP
(18) CURE
117 S 1ST ST
MONTEVIDEO,MN56265 		31-1693392 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - STRATEGIC PLANNING
(19) ELIM HOMES INC
7485 OFFICE RIDGE CIRCLE
EDEN PRAIRIE,MN55344 		41-1539761 501C(3) PUBLIC CHARI 5,000       ELIM OASIS ADULT DAY PROGRAM
(20) ENTERPRISE MINNESOTA
310 4TH AVE S STE 7050
MINNEAPOLIS,MN554012551 		41-1595930 501C(3) PUBLIC CHARI 10,000       HIGH PERFORMANCE MANUFACTURING TRAINING
(21) EQUUL ACCESS INC
13769 PHEASANT RD
HUTCHINSON,MN55350 		37-1434531 501C(3) PUBLIC CHARI 20,100       EARLY CARE AND EDUCATION & AGING CAREGIVER SUPPORT
(22) FRIENDS OF THE ORCHESTRA LTD
803 CHERYL AVE
MARSHALL,MN56258 		41-1799541 501C(3) PUBLIC CHARI 5,355       FISCAL YEAR 2016 DISBURSEMENT
(23) GREATER MINNESOTA FAMILY SERVICES
2320 E HWY 12
WILLMAR,MN562011810 		41-1851475 501C(3) PUBLIC CHARI 29,706       REACH FUNDS
(24) GROVE CITY AREA LIVING AT HOMEBLOCK NURSING PROGRAM
200 SOUTH AVE PO BOX 192
GROVE CITY,MN56243 		31-1561723 501C(3) PUBLIC CHARI 5,000       AGING IN-PLACE EQUIPMENT
(25) HEARTLAND GIRLS' RANCH
185 HWY 9 NE
BENSON,MN56215 		41-1723574 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - TECHNOLOGY
(26) HOSPICE COTTAGE INC
1935 WOODLAND CT PO BOX 203
WORTHINGTON,MN56187 		31-1806490 501C(3) PUBLIC CHARI 13,000       ORGANIZATION SUPPORT
(27) HUTCHINSON CENTER FOR THE ARTS
15 FRANKLIN ST SW PO BOX 667
HUTCHINSON,MN55350 		26-2263988 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - TECHNOLOGY
(28) HUTCHINSON ECONOMIC DEVELOPMENT AUTHORITY
111 HASSAN ST SE
HUTCHINSON,MN55350 		27-0987417 GOVERNMENT 10,000       TIGERPATH ACADEMIES / TIGER MANUFACTURING
(29) ISD #129 - MONTEVIDEO
412 S 13TH ST
MONTEVIDEO,MN56265 		41-6000507 EDUCATION 5,000       EARLY CHILD CARE - PREK ALIGNMENT AND QUALITY
(30) ISD #173 - MOUNTAIN LAKE
450 N 12TH ST PO BOX 400
MOUNTAIN LAKE,MN56159 		41-6000682 EDUCATION 25,000       RESURFACING THE TRACK
(31) ISD #2159 - BUFFALO LAKEHECTORSTEWART
220 3RD ST W PO BOX 307
HECTOR,MN553420307 		41-1751593 EDUCATION 7,239       TEACHER GRANT REQUESTS
(32) ISD #2169 - MURRAY COUNTY CENTRAL
2420 28TH ST
SLAYTON,MN561721457 		41-1778191 EDUCATION 5,000       ECI COORDINATION
(33) ISD #2180 - MACCRAY
711 WOLVERINE DR PO BOX 690
CLARA CITY,MN56222 		41-1783004 EDUCATION 14,030       SCHOOL PROJECTS
(34) ISD #2895 JCC RIVERSIDE ELEMENTARY
820 PARK STREET
JACKSON,MN56143 		41-1872029 EDUCATION 8,500       EDUCATION ENHANCEMENTS
(35) ISD #2902 - RTR PUBLIC SCHOOLS
100 STRONG ST PO BOX 659
TYLER,MN56178 		20-4928015 EDUCATION 19,825       RTR BASEBALL FIELD
(36) ISD #2903 - ORTONVILLE PUBLIC SCHOOL
200 TROJAN DR
ORTONVILLE,MN56278 		41-6000273 EDUCATION 24,529       AUDITORIUM SEATING
(37) ISD #2904 - TRACY
934 PINE ST
TRACY,MN56175 		41-6002013 EDUCATION 12,754       STAGE LIGHTING
(38) ISD #330 - SOUTHWEST STAR CONCEPT SCHOOLS
124 N MINNESOTA PO BOX 97
OKABENA,MN56161 		41-1330168 EDUCATION 9,857       STAGE RENOVATION
(39) ISD #465 - LITCHFIELD
114 N HOLCOMBE STE 100
LITCHFIELD,MN55355 		41-6002290 EDUCATION 12,499       2016 TEACHER REQUESTS
(40) JACKSON COMMUNITY FOUNDATION
PO BOX 91
JACKSON,MN56143 		41-1555592 501C(3) PUBLIC CHARI 15,000       KRISTI ELAINE TEIGEN SCHOLARSHIP AWARDS
(41) JACKSON COUNTY PUBLIC LIBRARY
311 3RD ST
JACKSON,MN561431606 		41-6005813 GOVERNMENT 15,153       FURNITURE FUND
(42) KNUTE NELSON FOUNDATION
420 12TH AVE E
ALEXANDRIA,MN56308 		41-1451486 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - STAFF DEVELOPMENT
(43) LEARNING FUNHOUSE INC
199 MAIN STREET PO BOX 151
BIRD ISLAND,MN55310 		41-1930163 501C(3) PUBLIC CHARI 10,000       BOLD ECI FISCAL HOST
(44) LOWER SIOUX INDIAN COMMUNITY
39527 RES HWY 1 PO BOX 308
MORTON,MN56270 		41-0991683 GOVERNMENT 100,000       NURTURING INTERGENERATIONAL LEARNING
(45) LUTHERAN SOCIAL SERVICE OF MINNESOTA
2485 COMO AVE
SAINT PAUL,MN551081445 		41-0872993 501C(3) PUBLIC CHARI 6,410       LLS & WINDOM AREA HOSPITAL PATIENT RECOVERY SUPPORT
(46) LUVERNE INITIATIVES FOR TOMORROW
213 EAST LUVERNE STREET
LUVERNE,MN56156 		99-0381643 501C(3) PUBLIC CHARI 5,000       LUVERNE TOURISM DESTINATION DEVELOPMENT
(47) LYON-LINCOLN ELECTRIC TRUST
W HWY 14 PO BOX 639
TYLER,MN561780639 		41-1930173 501C(3) PUBLIC CHARI 5,000       YOUTH GOLF
(48) MARSHALL ADULT BASIC EDUCATION PROGRAM
607 W MAIN
MARSHALL,MN56258 		41-6002001 GOVERNMENT 10,000       CAREER PATHWAY LITERACY CURRICULUM
(49) MINNESOTA 4-H FOUNDATION
1420 ECKLES AVE COFFEY HALL ROOM 9
SAINT PAUL,MN55108 		41-1408161 501C(3) PUBLIC CHARI 10,000       RS FIBER INNOVATION CENTERS/MAKER SPACE
(50) MINNESOTA AMERICAN INDIAN CHAMBER OF COMMERCE
2345 RICE STREET SUITE 200
SAINT PAUL,MN55113 		41-1563420 501C(3) PUBLIC CHARI 25,000       NATIVE AMERICAN ENTREPRENEURSHIP PROJECT
(51) MINNESOTA RIVER AREA AGENCY ON AGING
201 N BROAD ST SUITE 102
MANKATO,MN56001 		26-1632413 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - STRATEGIC PLANNING
(52) NEW HORIZONS CRISIS CENTER
109 S 5TH ST STE 40
MARSHALL,MN56258 		41-1404769 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - STRATEGIC PLANNING
(53) PRAIRIE FIVE COMMUNITY ACTION COUNCIL
7TH ST WASHINGTON AVE STE 302 PO
BOX 159
MONTEVIDEO,MN562650695 		41-0904802 501C(3) PUBLIC CHARI 110,000       COMMUNITY BASED CARE COORDINATION AND CHILD CARE RECRUITMENT
(54) PRAIRIE HOME HOSPICE
408 E MAIN ST 8
MARSHALL,MN562581934 		41-1494079 501C(3) PUBLIC CHARI 10,736       FISCAL YEAR 2016 DISBURSEMENT
(55) PRAIRIE HOME HOSPICE
408 E MAIN ST 8
MARSHALL,MN562581934 		41-1494079 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - TECHNOLOGY
(56) PRAIRIE HOME HOSPICE
408 E MAIN ST 8
MARSHALL,MN562581934 		41-1494079 501C(3) PUBLIC CHARI 10,000       PALLIATIVE CARE/CHRONIC DISEASE MANAGEMENT PROGRAM
(57) PRAIRIE WOODS ENVIRONMENTAL LEARNING CENTER
12718 10TH ST NE
SPICER,MN56288 		41-1366265 501C(3) PUBLIC CHARI 25,000       FUNDING DEVELOPMENT PLAN FOR YES! PROGRAM
(58) REDWOOD AREA COMMUNITIES FOUNDATION
200 S MILL ST PO BOX 481
REDWOOD FALLS,MN562830281 		36-3611923 501C(3) PUBLIC CHARI 31,000       REDWOOD AREA HOSPITAL FOUNDATION'S TELE MEDICINE/HEALTH PILOT
(59) SAFE AVENUES
PO BOX 568
WILLMAR,MN56201 		41-1931304 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - MARKETING
(60) SOUTHWEST INITIATIVE FOUNDATION
15 3RD AVE NW
HUTCHINSON,MN55350 		41-1555592 501C(3) PUBLIC CHARI 43,000       CARE RELIEF FUND
(61) SOUTHWEST INITIATIVE FOUNDATION
15 3RD AVE NW
HUTCHINSON,MN55350 		41-1555592 501C(3) PUBLIC CHARI 10,000       EARLY CHILDHOOD DENTAL NETWORK - SOUTHWEST
(62) SOUTHWEST MINNESOTA STATE UNIVERSITY
1501 STATE ST
MARSHALL,MN56258 		41-1687554 EDUCATION 5,000       GOLD ON THE ROAD
(63) SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION
1501 STATE ST ROOM ST157
MARSHALL,MN56258 		23-7108470 501C(3) PUBLIC CHARI 5,000       MINNESOTA AGRICULTURE & RURAL LEADERSHIP PROGRAM
(64) SOUTHWEST MN HOUSING PARTNERSHIP
2401 BROADWAY AVE STE 4
SLAYTON,MN561721142 		41-1721815 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - TECHNOLOGY
(65) SOUTHWEST REGIONAL DEVELOPMENT COMM
2401 BROADWAY AVE STE 1
SLAYTON,MN561721142 		41-1235045 GOVERNMENT 10,815       MURRAY COUNTY ECI
(66) ST JAMES EPISCOPAL CHURCH
101 N 5TH ST
MARSHALL,MN56258 		41-6098516 RELIGIOUS 13,433       FISCAL YEAR 2016 DISBURSEMENT
(67) UNITED WAY OF WEST CENTRAL MINNESOTA
311 SW 4TH ST PO BOX 895
WILLMAR,MN56201 		41-0844871 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - FUNDRAISING PLAN
(68) UNIVERSITY OF MINNESOTA FOUNDATION
1300 S 2ND ST ROOM 200
MINNEAPOLIS,MN55454 		41-6042488 501C(3) PUBLIC CHARI 5,000       SPONSORSHIP OF 2016 MN CUP
(69) UNIVERSITY OF SOUTH DAKOTA FOUNDATION
PO BOX 5555
VERMILLION,SD57069 		46-6018891 501C(3) PUBLIC CHARI 10,000       BLACK HILLS PLAYHOUSE ALUMNI ASSOCIATION
(70) VACKER PLACE
69531 213TH STREET
DARWIN,MN55324 		41-1758705 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - STAFF DEVELOPMENT
(71) VETERANS OF FOREIGN WARS
PO BOX 452
DAWSON,MN56232 		41-0688670 501C(19) PUBLIC CHAR 6,450       RENOVATION OF THE VFW POSTS EVENT CENTER
(72) WALNUT GROVE ALFRED NELSON POST 267
700 MAIN ST
WALNUT GROVE,MN56180 		41-6038846 501C(19) PUBLIC CHAR 5,000       WALNUT GROVE VETERANS MEMORIAL
(73) WESTERN COMMUNITY ACTION INC
1400 S SARATOGA ST
MARSHALL,MN56258 		41-0888137 501C(3) PUBLIC CHARI 5,000       NONPROFIT CAPACITY BUILDING - TECHNOLOGY
(74) WILLMAR AREA COMMUNITY FOUNDATION
1601 HWY 12 E STE 9
WILLMAR,MN56201 		36-3412544 501C(3) PUBLIC CHARI 24,626       WILLMAR MUSIC MATTERS
(75) WILLMAR AREA MULTICULTURAL BUSINESS CENTER
311 BENSON AVENUE SW
WILLMAR,MN56201 		01-0893778 501C(3) PUBLIC CHARI 28,000       WAM-BC ENTREPRENEURSHIP INITIATIVE
(76) WILLMAR COMMUNITY EDUCATION & RECREATION
1234 KANDIYOHI AVE SW
WILLMAR,MN56201 		41-6001746 EDUCATION 5,000       WILLMAR EARLY CHILDHOOD FAMILY OUTREACH
(77) WILLMAR PUBLIC SCHOOLS FOUNDATION
611 W 5TH ST
WILLMAR,MN56201 		41-1465834 EDUCATION 6,165       WILLMAR MUSIC MATTERS OPERATING/FUNDRAISING
(78) WINDOM AREA HOSPITAL
2150 HOSPITAL DRIVE PO BOX 339
WINDOM,MN56101 		41-6005647 GOVERNMENT 9,650       SENIOR DRIVING PROGRAM
(79) WORTHINGTON AREA CHAMBER OF COMMERCE
1121 3RD AVE
WORTHINGTON,MN561872435 		41-0620765 501C(4) PUBLIC CHARI 12,000       DIVERSE BUSINESS RETENTION AND EXPANSION PROGRAM
(80) YMCA OF WORTHINGTON
1501 COLLEGEWAY
WORTHINGTON,MN56187 		41-6007569 501C(3) PUBLIC CHARI 7,889       FISCAL YEAR 2016 DISBURSEMENT
(81) ZION LUTHERAN CHURCH
504 N GILMAN AVE
LITCHFIELD,MN55355 		41-1289279 REIGIOUS 5,000       EARLY CHILD CARE - KIDS OF THE KINGDOM
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
63
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
15
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2015

Schedule I (Form 990) 2015
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
non-cash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of non-cash assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
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.
Schedule I (Form 990) 2015



Additional Data


Software ID:  
Software Version:  


Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number
41-1555592
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A MCLEOD COUNTY
  		41-6005841 582258AG4 12-29-2005 3,500,000 LAND, BUILDING AND EQUIPMENT FOR OFFICE SPACE   X   X   X
B MCLEOD COUNTY
  		41-6005841 582258AR0 03-10-2016 1,830,000 REFUNDED BONDS ISSUED ON 12/29/2005   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired .................. 3,500,000      
2 Amount of bonds legally defeased ..............        
3 Total proceeds of issue .................. 3,500,000 1,830,000    
4 Gross proceeds in reserve funds .............        
5 Capitalized interest from proceeds ............. 55,108      
6 Proceeds in refunding escrows ...............        
7 Issuance costs from proceeds ............... 70,000 18,300    
8 Credit enhancement from proceeds .............        
9 Working capital expenditures from proceeds .............   4,908    
10 Capital expenditures from proceeds ............. 3,500,000      
11 Other spent proceeds .............   1,806,792    
12 Other unspent proceeds .............        
13 Year of substantial completion ............. 2006
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? ....   X X          
15 Were the bonds issued as part of an advance refunding issue? .....   X   X        
16 Has the final allocation of proceeds been made? .......... X   X          
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X          
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X        
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X        
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2015

Schedule K (Form 990) 2015
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............   X   X        
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?                
c Are there any research agreements that may result in private business use of bond-financed property? .............   X   X        
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....SchKMediumBullet        
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... SchKMediumBullet        
6 Total of lines 4 and 5 .............        
7 Does the bond issue meet the private security or payment test? ...   X   X        
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X        
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		  X   X        
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X        
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X        
b Exception to rebate? ........   X X          
c No rebate due? .........   X   X        
If "Yes" to line 2c, provide in Part VI the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? .....   X   X        
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X        
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
Schedule K (Form 990) 2015

Schedule K (Form 990) 2015
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X        
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X        
7 Has the organization established written procedures to monitor the requirements of section 148? ...   X   X        
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?   X   X        
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
Schedule K (Form 990) 2015

Additional Data


Software ID:  
Software Version:  

SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large imageComplete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large imageInformation about Schedule M (Form 990) and its instructions is at www.irs.gov/form990
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art .... X 1 500 APPRAISAL
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 5 47,973 HI/LOW AVERAGE SALE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( GRAIN ) X 3 1,763 MKT VALUE PER BUSHEL
26 Other Right pointing arrow large image ( )
27 Other Right pointing arrow large image ( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement
29
0
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that
it must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2015)
Schedule M (Form 990) (2015)
Page 2
Part II
Supplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
Schedule M (Form 990) (2015)

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Return Reference Explanation
FORM 990, PART III, LINE 1, ORGANIZATION'S MISSION SWIF'S MISSION IS TO BE A CATALYST, FACILITATING OPPORTUNITIES FOR ECONOMIC AND SOCIAL GROWTH BY DEVELOPING AND CHALLENGING LEADERS TO BUILD ON THE REGION'S ASSETS. SWIF IS A SINGLE CONNECTION OFFERING UNLIMITED POSSIBILITIES TO GROW AND PROMOTE PEOPLE, BUSINESSES, ENTREPRENEURS AND COMMUNITIES IN RURAL SOUTHWEST MINNESOTA. AS A REGIONAL COMMUNITY FOUNDATION, SWIF BRINGS TOGETHER THE EXPERTISE, RESOURCES AND INSPIRATION TO MAKE ITS COMMUNITIES AND REGION STRONGER. SWIF WORKS TO ENSURE THAT ITS 18-COUNTY SERVICE AREA IS A HIGHLY PRODUCTIVE AND ENGAGED REGION WHERE GROWING NUMBERS OF PEOPLE CHOOSE TO LIVE AND WORK. THE ORGANIZATION IS GOVERNED BY A 12-MEMBER BOARD OF DIRECTORS REPRESENTING DIVERSE GEOGRAPHICAL LOCATIONS, PROFESSIONS AND BACKGROUNDS TO HELP GUIDE SWIF'S ECONOMIC DEVELOPMENT, INCLUDING BUSINESS FINANCE, MICROLENDING AND REGIONAL ECONOMIC DEVELOPMENT; COMMUNITY IMPACT PROGRAMMING, INCLUDING GRANTMAKING AND OUR EARLY CHILDHOOD INITIATIVE; AND COMMUNITY PHILANTHROPY, INCLUDING OUR COMMUNITY AFFILIATES, DESIGNATED FUNDS, PLANNED GIVING AND FARMLAND GIVING. LEARN MORE ABOUT SWIF'S MISSION AND WORK AT WWW.SWIFOUNDATION.ORG.
FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS SWIF LOAN PROGRAMS, INCLUDING ITS BUSINESS FINANCE PROGRAM, SUPPORT ECONOMIC DEVELOPMENT AND GROWTH THROUGHOUT SOUTHWEST MINNESOTA BY PROVIDING GAP FINANCING TO START, EXPAND, AND TRANSITION BUSINESSES LOCATED IN ITS 18-COUNTY SERVICE AREA. ELIGIBLE PROJECTS MUST CREATE AND RETAIN JOBS THAT PROVIDE A LIVING WAGE WITH BENEFITS, GENERATE NEW WEALTH FOR THE REGION AND DIVERSIFY THE ECONOMY OF SOUTHWEST MINNESOTA. LOAN FUNDS MAY BE USED FOR MACHINERY AND EQUIPMENT, INVENTORY, WORKING CAPITAL AND REAL ESTATE. THE MICROENTERPRISE LOAN PROGRAM HELPS ENTREPRENEURS DEVELOP SMALL BUSINESSES AND SELF-EMPLOYMENT OPPORTUNITIES. THIS PROGRAM PROVIDES LOAN FUNDS NOT TO EXCEED $50,000 TO BE USED FOR START-UP COSTS, EQUIPMENT, INVENTORY, FURNITURE AND FIXTURES AND WORKING CAPITAL. THIS PROGRAM ALSO PROVIDES CUSTOMIZED SUPPORT FOR ENTREPRENEURS THROUGH ON-GOING TECHNICAL ASSISTANCE AND TRAINING AS NEEDED FOR THE LENGTH OF THE LOAN. ELIGIBLE BUSINESSES MAY BE START-UP OR EXPANSION PROJECTS INCLUDING, BUT NOT LIMITED TO, MANUFACTURING, SERVICE, RETAIL AND CHILD CARE. THIS PROGRAM ALSO PROVIDES THE CENTER OF RURAL ENTREPRENEURSHIP (CORE) WEBSITE, A RESOURCE SPECIFICALLY DESIGNED TO CONNECT ENTREPRENEURS AND BUSINESSES TO THE TOOLS, EDUCATION, AND RESOURCES THEY NEED TO START, EXPAND OR TRANSITION THEIR BUSINESS. THIS PROGRAM ALSO PROVIDES TECHNICAL ASSISTANCE TO DIVERSE ENTREPRENEURS. WITH FUNDING FROM DEED AND IN-KIND SUPPORT FROM SWIF AND OTHER PARTNERS, A CONSULTANT IS PROVIDING DIVERSE ENTREPRENEURS WITH BUSINESS AND FINANCIAL READINESS ASSESSMENT AND PLANNING, DETERMINING APPROPRIATE RESOURCES, INTERPRETING, AND CONTINUATION OF ASSISTANCE AS NEEDED. SWIF IS WORKING TO FURTHER FACILITATE ADVANCEMENT OF KEY ASSET SECTORS AND KEEP THE RESULTING WEALTH IN THE REGION. SWIF IS MAKING INVESTMENTS THAT SUPPORT THE REGION'S ECONOMIC ASSET SECTORS OF RENEWABLE ENERGY, FOOD AND AGRICULTURE, BIOSCIENCE, AND MANUFACTURING BY PROMOTING THESE INDUSTRIES AND THE OPPORTUNITIES THEY PRESENT, AS WELL AS FACILITATING DISCUSSIONS AND SOLUTIONS TO THE CHALLENGES THAT MAY ACCOMPANY THEM, INCLUDING HOUSING, WORKFORCE AND CHILD CARE SHORTAGES. HOSTING AND PARTICIPATING IN LEADERSHIP FORUMS, SEMINARS AND OTHER CONVENTIONS PROVIDE OPPORTUNITIES FOR LEADERS TO NETWORK AND GAIN ACCESS TO RESOURCES THAT WILL SUPPORT KEY REGIONAL INDUSTRIES AND CAPITALIZE ON ECONOMIC OPPORTUNITIES.
FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS MANY DONORS FIND COMMUNITY AND DESIGNATED FUNDS ATTRACTIVE OPTIONS TO SUPPORT THEIR CHARITABLE INTERESTS WHILE RELIEVING THEM OF THE ADMINISTRATIVE RESPONSIBILITIES THAT CAN OFTEN BECOME OVERWHELMING FOR FAMILIES AND VOLUNTEERS. SWIF CURRENTLY SERVES 25 COMMUNITY AFFILIATES AND MORE THAN 100 DESIGNATED FUND PARTNERS. SWIF'S COMMUNITY AFFILIATE PROGRAM IS A TRUE PARTNERSHIP BETWEEN SWIF AND THE LOCAL COMMUNITY - ONE THAT HAS PROVEN TO BE MUTUALLY BENEFICIAL AND AN EFFECTIVE MEANS TO RETAIN CHARITABLE DOLLARS FOR THE BENEFIT OF SOUTHWEST MINNESOTA COMMUNITIES. SWIF PROVIDES THE ADMINISTRATIVE AND 501(C)(3) INFRASTRUCTURE TO ITS AFFILIATES. IT ALSO PROVIDES ONGOING TECHNICAL AND PROFESSIONAL SUPPORT IN AREAS SUCH AS STRATEGIC PLANNING, FUNDRAISING, MARKETING, PUBLIC RELATIONS AND GRANTMAKING. COMMUNITY AFFILIATES ARE ADVISED BY LOCAL COMMITTEES OF COMMUNITY LEADERS WHO ARE RESPONSIBLE FOR RAISING FUNDS, RECOMMENDING GRANTEES AND RAISING PUBLIC AWARENESS. SINCE SWIF'S GRANTMAKING IS TARGETED TO PROJECTS RELATED TO ITS CURRENT PRIORITY AREAS, AFFILIATE FUNDS OFTEN FILL A VALUABLE NICHE BY FUNDING WORTHWHILE PROJECTS THAT DON'T FIT WITHIN SWIF'S CURRENT GRANT CRITERIA. SWIF OFFERS A VARIETY OF DESIGNATED FUNDS DESIGNED TO HELP DONORS MEET THEIR UNIQUE PHILANTHROPIC GOALS. DESIGNATED FUNDS CAN BE ENDOWED OR NON-ENDOWED (PASS-THROUGH) AND ARE CREATED WITH A SPECIFIC PURPOSE IN MIND. IN MOST CASES, A DESIGNATED FUND IS ADVISED BY A LOCAL COMMITTEE OF VOLUNTEER LEADERS. THE COMMITTEE RAISES MONEY FOR THE FUND, RECOMMENDS GRANT DISTRIBUTIONS, AND RAISES PUBLIC AWARENESS. SWIF PROVIDES ASSISTANCE IN THE PLANNING AND DEVELOPMENT OF DESIGNATED FUNDS. IT ALSO ADMINISTERS THE FUNDS AND PROVIDES ONGOING TECHNICAL AND PROFESSIONAL SUPPORT AS NEEDED, IN AREAS SUCH AS FUNDRAISING, MARKETING, PUBLIC RELATIONS AND GRANTMAKING. ALL SWIF FUNDS CAN RECEIVE MANY TYPES OF GIFTS, INCLUDING CASH, APPRECIATED STOCK, REAL ESTATE, FARMLAND AND PLANNED GIFTS, SUCH AS CHARITABLE GIFT ANNUITIES AND BEQUESTS.
FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS LEADERSHIP DEVELOPMENT AND COMMUNITY ENGAGEMENT ARE WOVEN THROUGHOUT ALL OF SWIF'S WORK, BUT WE HAVE CONTINUED TO HAVE SPECIFIC PROGRAMS DESIGNED TO FOCUS ON INDIVIDUAL, COMMUNITY AND BUSINESS LEADERSHIP SKILL-BUILDING. SWIF IS ENGAGED IN THE MINNESOTA EARLY CHILDHOOD INITIATIVE, A NETWORK OF COALITIONS FOCUSED ON QUALITY CARE AND EDUCATIONAL OPPORTUNITIES FOR CHILDREN AGES BIRTH TO 5, TO HELP ENSURE THAT ALL OF SOUTHWEST MINNESOTA'S YOUNGEST CHILDREN THRIVE, AND HAVE A HEALTHY LIFE OF LEARNING, ACHIEVING, AND SUCCEEDING. THE MINNESOTA THRIVE INITIATIVE IS PART OF THE MINNESOTA EARLY CHILDHOOD INITIATIVE. THE OVERARCHING GOAL OF THRIVE IS TO CREATE SEAMLESS SYSTEMS OR NETWORKS OF LOCAL SERVICES THAT SUPPORT THE HEALTHY SOCIAL AND EMOTIONAL DEVELOPMENT OF MINNESOTA'S YOUNGEST CHILDREN AGES BIRTH TO 5, WITH AN EMPHASIS ON THE FIRST THREE YEARS OF LIFE. SWIF ACCOMPLISHES THESE GOALS BY WORKING WITH 16 SELECTED COALITION COMMUNITIES LOCATED THROUGHOUT THE 18 COUNTIES OF SOUTHWEST MINNESOTA. IN ADDITION, GRANT FUNDS ARE AVAILABLE TO PURSUE PARTNERSHIPS ON EARLY CARE AND EDUCATION PROJECTS THAT HAVE A REGION-WIDE SCOPE, WHICH HAVE INCLUDED TRAININGS FOR PROFESSIONALS, FAMILY-FRIENDLY EVENTS AND OTHER ACTIVITIES THAT ENGAGE THE COMMUNITIES AND RAISE AWARENESS OF YOUNG CHILDREN'S NEEDS. KEY ISSUES FOR THE EARLY CHILDHOOD INITIATIVE ARE ACCESS TO EARLY LEARNING OPPORTUNITIES, ACCESS TO QUALITY CHILD CARE, AND ACCESS TO DENTAL CARE. SWIF HELPED START THE FIRST CREATING ENTREPRENEURIAL OPPORTUNITIES (CEO) COHORT IN THE STATE. FIFTEEN STUDENTS FROM THE ATWATER-COSMOS-GROVE CITY, NEW LONDON-SPICER, AND WILLMAR PUBLIC SCHOOL DISTRICTS COMPLETED KANDIYOHI CEO. THESE STUDENTS LEARNED FROM LOCAL BUSINESS OWNERS WHAT IT TAKES TO BECOME A SUCCESSFUL ENTREPRENEUR AND WERE EXPOSED TO THE KANDIYOHI COUNTY AREA AS A PLACE OF OPPORTUNITY. STUDENTS VISITED MORE THAN 45 BUSINESSES AND GLEANED BUSINESS IDEAS FROM MORE THAN 35 GUEST SPEAKERS AS THEY DEVELOPED THEIR STUDENT BUSINESSES/PLANS. STUDENTS PRESENTED THEIR BUSINESSES AT THE INAUGURAL KCEO TRADE SHOW AT THE MINNWEST TECHNOLOGY CAMPUS TO OVER 300 COMMUNITY MEMBERS, INVESTORS, AND FAMILY MEMBERS. IN THE PAST YEAR, SWIF'S REGIONAL IMPACT GRANTS SUPPORTED THE IMMIGRANT LAW CENTER IN WORTHINGTON. NEW RESIDENTS TO OUR REGION, INCLUDING IMMIGRANTS AND REFUGEES, ARE KEY TO FILLING OUR WORKFORCE NEEDS AND IMPORTANT MEMBERS OF OUR COMMUNITIES. THE IMMIGRANT LAW CENTER OF MINNESOTA (ILCM) BASED IN WORTHINGTON IS MINNESOTA'S LARGEST PROVIDER OF IMMIGRATION LEGAL AND ADVOCACY SERVICES TO LOW-INCOME CLIENTS. IN OUR REGION ALONE, ILCM SERVED MORE THAN 354 MEN, WOMEN AND CHILDREN. NOW, THANKS TO A TWO-YEAR, $40,000 GRANT FROM SWIF, ILCM IS POISED TO HIRE A PARALEGAL AND DOUBLE THEIR IMPACT IN SOUTHWEST MINNESOTA. SWIF IS THE ADMINISTRATOR FOR MOVE, LLC., (MANUFACTURING OPPORTUNITIES & VOCATIONAL EMPLOYMENT) A PARTNERSHIP WITH 15 MCLEOD AND MEEKER COUNTY MANUFACTURERS AND DUNWOODY COLLEGE OF TECHNOLOGY. DUNWOODY COLLEGE OF TECHNOLOGY ESTABLISHED A TRAINING CENTER IN WINSTED IN AN EFFORT TO QUICKLY RESPOND TO THE REGION'S MANUFACTURING EMPLOYMENT NEEDS BY OFFERING A 16-WEEK WELDING TECHNICIAN PROGRAM. CLASS SIZES ARE SMALL WITH AN EMPHASIS ON HANDS-ON, APPLIED LEARNING USING CUSTOMIZED CURRICULUM FOCUSED ON SKILLS NEEDED BY LOCAL MANUFACTURING COMPANIES. DUNWOODY WILL CONDUCT ANOTHER WELDING COURSE IN THE FALL BECAUSE THE DEMAND FOR WELDERS IS STILL SO HIGH. THERE ARE FINANCIAL ASSISTANCE OPPORTUNITIES AVAILABLE FOR THE STUDENTS FROM BOTH THE LITCHFIELD AND WINSTED CHAMBERS OF COMMERCE. ALSO, THIS COURSE MEETS THE ELIGIBILITY FOR DISLOCATED WORKER FINANCIAL ASSISTANCE THROUGH DEED. THIS MODEL HAS CREATED A WIN-WIN SITUATION FOR EMPLOYERS DESPERATE FOR SKILLED WORKERS AS WELL AS FOR THE GRADUATES OF THIS PROGRAM WHO ARE OFFERED IMMEDIATE EMPLOYMENT WITH A GOOD WAGE AND BENEFITS. SOUTHWEST INITIATIVE FOUNDATION HAS BEEN SELECTED AS ONE OF EIGHTEEN COMMUNITY FOUNDATIONS FROM ACROSS THE MIDWEST TO PARTICIPATE IN A DISASTER-PREPAREDNESS, RESPONSE, AND RECOVERY PROGRAM DESIGNED TO HELP COMMUNITY FOUNDATIONS EXPAND THEIR ABILITY TO RESPOND QUICKLY, EFFICIENTLY, AND EFFECTIVELY TO NATURAL DISASTERS, IN THE IMMEDIATE AFTERMATH AND DURING LONG-TERM COMMUNITY REBUILDING. THIS TWO-YEAR PROGRAM, KNOWN AS THE PHILANTHROPIC PREPAREDNESS, RESILIENCY, AND EMERGENCY PARTNERSHIP (PPREP) PROVIDES RESOURCES, LEARNING, AND BEST PRACTICES SO THAT PARTICIPATING COMMUNITY FOUNDATIONS CAN BUILD THEIR SKILLS AND LEADERSHIP CAPACITY IN ORDER TO BE BETTER PREPARED SHOULD A NATURAL DISASTER OCCUR. SWIF HAS GAINED A REPUTATION, NOT ONLY AS A NEUTRAL CONVENER, BUT AS A PROVIDER OF QUALITY FACILITATION FOR ORGANIZATIONAL STRATEGIC PLANNING. THIS ROLE HAS PRIMARILY BEEN PROVIDED TO SWIF PARTNERS THROUGH OUR EARLY CHILDHOOD INITIATIVE AND COMMUNITY FOUNDATION PARTNERSHIPS, BUT AS WORD SPREADS, THE DEMAND IS GROWING. THIS PAST YEAR, SWIF FACILITATED STRATEGIC PLANNING WITH SIX ORGANIZATIONS BEYOND OUR PARTNERS INCLUDING THE MEEKER COUNTY EDA/CDC, LAC QUI PARLE COUNTY EDA, WORTHINGTON REGIONAL HEALTHCARE FOUNDATION, KANDIYOHI COUNTY AND CITY OF WILLMAR ECONOMIC DEVELOPMENT COMMISSION, WILLMAR AREA MULTICULTURAL MARKETPLACE/BUSINESS CENTER, AND THE MINNESOTA WEST COMMUNITY AND TECHNICAL COLLEGE FOUNDATION.
FORM 990, PART VI, SECTION A, LINE 1 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 THROUGH THE APPROVAL OF EXECUTIVE COMMITTEE MEETING MINUTES AT THE NEXT SCHEDULED FULL BOARD MEETING. FORM 990 PART VI SCTION A, LINE 2: BOARD MEMBERS DO NOT HAVE FAMILY OR BUSINESS RELATIONSHIPS WITH EACH OTHER. A CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED ANNUALLY AND EACH BOARD MEETING HAS A STANDING AGENDA ITEM ASKING FOR DISCLOSURES AS WELL.
FORM 990, PART VI, SECTION B, LINE 11 THE IRS FORM 990 IS REVIEWED BY APPROPRIATE STAFF IN THE FOUNDATION AND THEN PRESENTED TO THE AUDIT/FINANCE COMMITTEE FOR REVIEW AND RECOMMENDATION TO THE BOARD. THE FULL BOARD OF DIRECTORS ALSO RECEIVES A COPY THROUGH THE SECURE BOARD PORTAL OF THE WEBSITE ONE WEEK PRIOR TO FILING. THE AUDIT/FINANCE COMMITTEE AND THE BOARD ARE GIVEN PUBLIC INSPECTION COPIES OF THE FORM 990 THAT DO NOT INCLUDE THE CONFIDENTIAL LIST OF MAJOR DONORS. OTHER THAN THIS LIST, THE FORM IS GIVEN IN ITS ENTIRETY TO THE COMMITTEE AND BOARD FOR REVIEW.
FORM 990, PART VI, SECTION B, LINE 12C AT THE START OF EACH YEAR, THE CONFLICT OF INTEREST POLICY, ACCOMPANYING QUESTIONNAIRE, AND THE CODE OF ETHICS AND CONDUCT ARE DISTRIBUTED TO ALL BOARD MEMBERS TO COMPLETE. DISCLOSURE OF CONFLICTS IS THE STANDING FIRST ITEM ON EVERY BOARD AGENDA. THE BOARD OF DIRECTORS ARE INSTRUCTED AT EACH MEETING TO DISCLOSE IF THEY FEEL THERE IS A CONFLICT OF INTEREST ON ANY AGENDA ITEM BEFORE IT IS BROUGHT TO DISCUSSION. THE BOARD AND/OR CEO QUESTION AND DETERMINE IF THE CONFLICT IS VALID; AND IF SO, THE BOARD MEMBER DOES NOT PARTICIPATE IN THE VOTE. THE CONFLICT IS NOTED IN THE MINUTES. THE EMPLOYEE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO KEY DECISION MAKING EMPLOYEES, REVIEWED, AND SIGNED ANNUALLY WITH UPDATES TO ANY POTENTIAL CONFLICTS OF INTERESTS NOTED. POTENTIAL CONFLICTS OF INTEREST FOR STAFF MUST BE REPORTED TO THE PRESIDENT/CEO AND ARE HANDLED ACCORDING TO THE BOARD APPROVED POLICY REQUIREMENTS.
FORM 990, PART VI, SECTION B, LINE 15 SOUTHWEST INITIATIVE FOUNDATION'S EXECUTIVE COMPENSATION PROGRAM IS ADMINISTERED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE KEY EXECUTIVES OF THE FOUNDATION. THE EXECUTIVE COMMITTEE UNDERTAKES AN ANNUAL REVIEW TO EVALUATE THE FOUNDATION'S EXECUTIVE COMPENSATION PROGRAM AGAINST THE COMPETITIVE MARKET USING INFORMATION GATHERED ON COMPARABLE POSITIONS WITHIN THE SPECIFIC INDUSTRY SECTOR AND FROM INDEPENDENTLY PUBLISHED SURVEYS. THE EXECUTIVE COMMITTEE MEETS INDEPENDENT OF THE PRESIDENT/CEO TO DISCUSS PERFORMANCE RELATIVE TO THE POSITION DESCRIPTION. DURING THESE DELIBERATIONS, THE COMMITTEE ALSO CONSIDERS INPUT OBTAINED FROM OTHER BOARD MEMBERS, STAFF, PROFESSIONAL ADVISORS, GRANT RECIPIENTS, AND OTHER INFORMED COMMUNITY LEADERS. THE DATE OF DELIBERATIONS AND SUBSEQUENT MEETING WITH PRESIDENT/CEO ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETING AND THE OUTCOME MAINTAINED IN THE CONFIDENTIAL PERSONNEL FILES OF THE FOUNDATION. THE LAST REVIEW WAS COMPLETED IN 2016 FOR THE PRESIDENT/CEO, D. ANDERSON.
FORM 990, PART VI, SECTION C, LINE 19 CONDENSED 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 -103,288. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 60,728.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) AWSM LLC
413 1ST ST
JACKSON,MN56159
41-1555592 		APARTMENT BLDG MN 0   SOUTHWEST INITIATIVE FOUNDATION
 
(2) SWIF REAL ESTATE HOLDINGS LLC
15 3RD AVE NW
HUTCHINSON,MN55350
47-5210879 		OFFICE BUILDING MN 0   SOUTHWEST INITIATIVE FOUNDATION
 








Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No












Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
 
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
 
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
 
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
 
e Loans or loan guarantees by related organization(s) ............................
1e
 
 
f Dividends from related organization(s) ............................
1f
 
 
g Sale of assets to related organization(s) ............................
1g
 
 
h Purchase of assets from related organization(s) ............................
1h
 
 
i Exchange of assets with related organization(s) ............................
1i
 
 
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
 
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
 
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
 
 
o Sharing of paid employees with related organization(s) ............................
1o
 
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
 
r Other transfer of cash or property to related organization(s) ............................
1r
 
 
s Other transfer of cash or property from related organization(s) ............................
1s
 
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved





Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2015

Additional Data


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