TY 2022 Form 990

(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)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(1) KAREN WHITE...................................................................... PRESIDENT	40.00 ................. 0.00		X	X	183,032	0	9,196
(2) MICHAEL NEUSSER...................................................................... VP OF OPERATIONS	40.00 ................. 0.00			X	113,008	0	5,065
(3) NATHAN DORR...................................................................... VP OF ADVOCACY	40.00 ................. 0.00			X	101,638	0	6,156
(4) KAITLYN GRENIER...................................................................... DIRECTOR	4.00 ................. 0.00	X			0	0	0
(5) JILL JOHNSON...................................................................... DIRECTOR	4.00 ................. 0.00	X			0	0	0
(6) ANTONIO FRANKLIN...................................................................... DIRECTOR	4.00 ................. 0.00	X			0	0	0
(7) DEB ZAK...................................................................... DIRECTOR	4.00 ................. 0.00	X			0	0	0
(8) BRUCE REEVES...................................................................... DIRECTOR	4.00 ................. 0.00	X			0	0	0
(9) CONNIE LINDSTROM...................................................................... DIRECTOR	4.00 ................. 0.00	X			0	0	0
(10) MIKE LAROQUE...................................................................... DIRECTOR	4.00 ................. 0.00	X			0	0	0
(11) KRISTI THORFINNSON...................................................................... DIRECTOR	4.00 ................. 0.00	X			0	0	0
(12) MICHELLE PAQUIN...................................................................... CHAIR	4.00 ................. 0.00	X			0	0	0
(13) TODD BECKEL...................................................................... TREASURER	4.00 ................. 0.00	X	X		0	0	0
(14) CHERI GUNVALSON...................................................................... SECRETARY	4.00 ................. 0.00	X	X		0	0	0
(15) JASON CARLSON...................................................................... VICE CHAIR	4.00 ................. 0.00	X	X		0	0	0

- TIN:

SCHEDULE A
(Form 990)

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

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

NORTHWEST MINNESOTA FOUNDATION

Employer identification number

41-1556013

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 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2022

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 failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	4,669,133	4,396,319	7,351,204	11,687,438	6,142,623	34,246,717
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	4,669,133	4,396,319	7,351,204	11,687,438	6,142,623	34,246,717
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) ..						5,404,123
6	Public support. Subtract line 5 from line 4.						28,842,594

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
7	Amounts from line 4..	4,669,133	4,396,319	7,351,204	11,687,438	6,142,623	34,246,717
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	3,448,768	2,404,671	3,486,807	7,031,975	924,915	17,297,136
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						51,543,853

Gross receipts from related activities, etc. (see instructions) ..................

3,789,550

First 5 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

Public support percentage for 2022 (line 6, column (f) divided by line 11, column (f)) .........

55.960 %

Public support percentage for 2020 Schedule A, Part II, line 14 ...............

50.280 %

16a

33 1/3% support test—2022. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2021. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2022. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2021. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

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) 2022

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 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)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(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)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(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 on 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.)..

First 5 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

Public support percentage for 2022 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2021 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2022 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2021 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2022. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2021. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2022

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

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.

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).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

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.

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.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

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.

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.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c 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).

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?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

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.

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) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

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.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on 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.

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

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) 2022

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, 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.

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.

Section C. Type II Supporting Organizations

Yes

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).

Section D. All Type III Supporting Organizations

Yes

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?

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).

By reason of the relationship described in line 2 above, 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.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

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.

Did the activities described on line 2a, above 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.

Parent of Supported Organizations. Answer lines 3a and 3b below.

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?If "Yes" or "No", provide details in Part VI.

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.

Schedule A (Form 990) 2022

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	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 0.015 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 0.035	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

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2022

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	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2022 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2022	(iii) Distributable Amount for 2022
1 Distributable amount for 2022 from Section C, line 6
2 Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2022:
a From 2017.......
b From 2018.......
c From 2019.......
d From 2020.......
e From 2021.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2022 distributable amount
i Carryover from 2017 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2022 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2022 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2023. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2018.....
b Excess from 2019.....
c Excess from 2020.....
d Excess from 2021.....
e Excess from 2022.....

Schedule A (Form 990) (2022)

Schedule A (Form 990) 2022

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) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Name of the organization

NORTHWEST MINNESOTA FOUNDATION

Employer identification number

41-1556013

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2022)

Schedule B (Form 990) (2022) Page 2

Name of organization NORTHWEST MINNESOTA FOUNDATION

Part I Contributors	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	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)

Schedule B (Form 990) (2022)

Page 3

Name of organization NORTHWEST MINNESOTA FOUNDATION		Employer identification number 41-1556013

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) (2022)

Schedule B (Form 990) (2022)

Page 4


Name of organization NORTHWEST MINNESOTA FOUNDATION			Employer identification number 41-1556013
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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) (2022)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

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.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

NORTHWEST MINNESOTA FOUNDATION

Employer identification number

41-1556013

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
1	Total number at end of year .........	28
2	Aggregate value of contributions to (during year)	25,727
3	Aggregate value of grants from (during year)	347,871
4	Aggregate value at end of year ........	9,337,524

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? ............

Yes No

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? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

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.


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 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

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)? .............................

Yes No

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.

If the organization elected, as permitted under FASB 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.

If the organization elected, as permitted under FASB 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

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 FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

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) 2021

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

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):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

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?...

Yes No

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.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


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

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

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 ....	72,711,676	77,931,466	65,347,061	63,453,631	59,075,032
b	Contributions ...	629,842	3,596,916	804,582	999,731	1,120,381
c	Net investment earnings, gains, and losses	8,031,541	-6,890,759	14,855,292	4,078,913	6,155,254
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...	1,707,000	1,561,000	1,630,000	1,531,000	1,414,000
f	Administrative expenses ....	2,038,903	364,947	1,445,469	1,654,214	1,483,036
g	End of year balance ......	77,627,156	72,711,676	77,931,466	65,347,061	63,453,631

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

64.980 %

Term endowment SchDMd Bullet

35.020 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

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 .....	138,000		138,000
b	Buildings ....	2,827,305	742,064	2,085,241
c	Leasehold improvements
d	Equipment ....	316,696	265,019	51,677
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				2,274,918

Schedule D (Form 990) 2021

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) OTHER EQUITY INVESTMENTS	5,810,724	F
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	5,810,724

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.)

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.)...........

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
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	2,701,322
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) 2021

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	14,861,007
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	7,047,662
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	2,710
e	Add lines 2a through 2d .....................			2e	7,050,372
3	Subtract line 2e from line 1..................			3	7,810,635
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
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	7,810,635

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	8,830,526
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	38,680
e	Add lines 2a through 2d....................			2e	38,680
3	Subtract line 2e from line 1...................			3	8,791,846
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
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................			4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	8,791,846

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
Endowment funds intended uses (Part V, line 4)	ENDOWMENT FUNDS ARE HELD AND ADMINISTERED FOR THE PURPOSE OF CONTINUING THE ADMINISTRATION AND PROGRAM ACTIVITIES OF THE NORTHWEST MINNESOTA FOUNDATION.
Other revenues not included on Form 990 (Part XI, line 2d)	NMCIC REVENUE
Other expenses not included on Form 990 (Part XII, line 2d)	NMCIC EXPENSES

Schedule D (Form 990) 2021

Additional Data

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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

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization
NORTHWEST MINNESOTA FOUNDATION

Employer identification number
41-1556013

Part I

General Information on Grants and Assistance

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? ........................

Yes No

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	(h) Purpose of grant or assistance
(1) SPECIAL OLYMPICS MINNESOTA INC 900 2ND AVE S STE 300 MINNEAPOLIS,MN55402	41-1228157	501C3	30,000	BEMIDJI UNIFIED CHAMPION SCHOOLS PROGRAM
(2) MEWINZHA ONDAADIZIIKE WIIGAMING 802 PAUL BUNYAN DR S STE 12 BEMIDJI,MN56601	46-2523191	501C3	5,000	MEWINZHA ONDAADIZIIKE WIIGAMING
(3) 4-DIRECTIONS DEVELOPMENT INC PO BOX 587 REDLAKE,MN56671	81-1754928	501C3	20,000	4-DIRECTIONS DEVELOPMENT INC
(4) AGASSIZ AUDUBON SOCIETY PO BOX 152 WARREN,MN56762	41-1434405	501C3	47,000	AGASSIZ AUDUBON SOCIETY
(5) ALL NATIONS RISE PO BOX 148 BAGLEY,MN56621	87-2611816	501C3	20,000	ALL NATIONS RISE
(6) ALTRU HEALTH SYSTEM PO BOX 6002 GRAND FORKS,ND58206	45-0310462	501C3	12,000	ALTRU HEALTH SYSTEM
(7) ANN HAVERKAMP 37501 US HWY 59 WAUBUN,MN56589	27-2924479		7,287	ANN HAVERKAMP
(8) ARGYLE HOMES INC PO BOX 288 ARGYLE,MN56713	23-7424340		15,000	ARGYLE HOMES INC
(9) ARMORY ARTS & EVENTS CENTER PO BOX 163 PARK RAPIDS,MN56470	45-2181580	501C3	10,000	ARMORY ARTS & EVENTS CENTER
(10) BAGLEY BAKERY PO BOX 61 BAGLEY,MN56621	41-1726472		10,000	BAGLEY BAKERY
(11) BEMIDJI AREA SCHOOL DISTRICT #31 502 MINNESOTA AVE NW BEMIDJI,MN56601	41-6000181	GOV	48,909	BEMIDJI AREA SCHOOL DISTRICT #31
(12) BEMIDJI COMMUNITY FOOD SHELF PO BOX 3118 BEMIDJI,MN56601	41-1494430	501C3	40,000	BEMIDJI COMMUNITY FOOD SHELF
(13) BEMIDJI COMMUNITY THEATER 316 BELTRAMI AVENUE NW BEMIDJI,MN56601	30-0524956	501C3	16,141	BEMIDJI COMMUNITY THEATER
(14) BIG SAND LAKE ASSOCIATION PO BOX 181 PARK RAPIDS,MN56470	41-1618390	501C3	15,200	BIG SAND LAKE ASSOCIATION
(15) BJERK ENTERPRISES INC PO BOX 337 ROSEAU,MN56751	41-1966882		10,000	GENES BAR & GRILL
(16) BOYS & GIRLS CLUB OF RED LAKE PO BOX 1124 REDLAKE,MN56671	41-1935631	501C3	500,000	BOYS & GIRLS CLUB OF RED LAKE
(17) 317 ENTERPRISES INC 317 BELTRAMI AVE NW BEMIDJI,MN56601	82-1222685		15,000	BRIGIDS PUB
(18) CATHEDRAL OF IMMACULATE CONCEPTION 702 SUMMIT AVE CROOKSTON,MN56716	41-0713499	501C3	30,000	CATHEDRAL OF IMMACULATE CONCEPTION
(19) UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK ST SE STE 500 MINNEAPOLIS,MN55455	41-6042488	501C3	10,000	CENTER FOR RURAL EDUCATION IN SCIENCE AN
(20) CHERYL THOMAS PO BOX 1146 REDLAKE,MN56671	47-6848642		27,770	CHERYL THOMAS
(21) CITY OF MAHNOMEN PO BOX 250 MAHNOMEN,MN56557	41-6005340	GOV	10,812	CITY OF MAHNOMEN
(22) CITY OF THIEF RIVER FALLS PO BOX 528 THIEF RIVER FALLS,MN56701	41-6005572	GOV	12,500	CITY OF THIEF RIVER FALLS
(23) CLEAR WATERS LIFE CENTER 256 2ND AVE SW CLEARBROOK,MN56634	77-0643868	501C3	10,000	CLEAR WATERS LIFE CENTER
(24) CLEARWATER HOSPICE 212 MAIN AVE N BAGLEY,MN56621	41-6005779	GOV	15,478	CLEARWATER HOSPICE
(25) CONCORDIA COLLEGE 901 8TH ST S MOORHEAD,MN56562	41-0693977	501C3	5,500	COLE SPENST
(26) DAV OF RED LAKE FALLS 2585 STATE HWY 32 S RED LAKE FALLS,MN56750	41-1721688	501C3	20,000	DAV OF RED LAKE FALLS
(27) DIVE DEPOT 1615 FERN ST NW BEMIDJI,MN56601	41-2019952		10,000	DIVE DEPOT
(28) ERICKSONS SMOKEHOUSE CATERING LLC 608 S MILL ST FERTILE,MN56540	45-4185674		10,000	ERICKSONS SMOKEHOUSE CATERING LLC
(29) EVERGREEN YOUTH & FAMILY SERVICES 610 PATRIOT DRIVE BEMIDJI,MN56601	41-1297737	501C3	45,000	EVERGREEN YOUTH & FAMILY SERVICES
(30) FACE IT TOGETHER BEMIDJI 408 BELTRAMI AVE NW STE 100 BEMIDJI,MN56601	47-4172828	501C3	15,000	FACE IT TOGETHER BEMIDJI
(31) FADUMO AHMED 1622 CENTRAL AVE NW EAST GRAND FORKS,MN56721	48-5357732		10,000	FADUMO AHMED
(32) FAIR MEADOW NURSING HOME 300 GARFIELD AVE SE FERTILE,MN56540	45-4845810		7,500	FAIR MEADOW NURSING HOME
(33) FAR NORTH SPIRITS INC 2045 220TH AVE HALLOCK,MN56728	46-1139807		15,000	FAR NORTH SPIRITS INC
(34) FIRST PRESBYTERIAN CHURCH 501 MINNESOTA AVE NW BEMIDJI,MN56601	41-1260414	501C3	7,000	FIRST PRESBYTERIAN CHURCH
(35) GARY BRULE PO BOX 317 CROOKSTON,MN56716	50-1760938		10,000	GARY BRULE
(36) HEADWATERS ANIMAL SHELTER PO BOX 573 PARK RAPIDS,MN56470	31-1610621	501C3	13,000	HEADWATERS ANIMAL SHELTER
(37) HEADWATERS REGIONAL DEVELOPMENT COM PO BOX 906 BEMIDJI,MN56619	41-0983661	501C3	35,000	HEADWATERS REGIONAL DEVELOPMENT COMMISSI
(38) HUBBARD COUNTY 301 COURT AVE PARK RAPIDS,MN56470	41-6005805	GOV	8,645	HUBBARD COUNTY
(39) HUBBARD COUNTY HISTORICAL SOCIETY PO BOX 327 PARK RAPIDS,MN56470	41-1451998	501C3	5,398	HUBBARD COUNTY HISTORICAL SOCIETY
(40) VICKI THOMPSON 311 KNEALE AVE N THIEF RIVER FALLS,MN56701	47-4948299		10,000	IMAGINE
(41) INITIATIVE FOUNDATION 405 1ST ST SE LITTLE FALLS,MN56345	36-3451562	501C3	20,000	INITIATIVE FOUNDATION
(42) INTER-COUNTY COMMUNITY COUNCIL INC PO BOX 189 OKLEE,MN56742	41-0888083	501C3	300,000	INTER-COUNTY COMMUNITY COUNCIL INC
(43) JENNIFER KINGBIRD PO BOX 773 REDBY,MN56670	47-3177864		12,935	JENNIFER KINGBIRD
(44) KICKN UP KOUNTRY INC 249 S STATE AVE LAKE BRONSON,MN56734	20-0675560		10,000	KICKN UP KOUNTRY INC
(45) LAKE OF THE WOODS HUMANE SOCIETY PO BOX 1103 BAUDETTE,MN56623	41-1941034		25,000	LAKE OF THE WOODS HUMANE SOCIETY
(46) LAKE OF THE WOODS SCHOOL PO BOX 310 BAUDETTE,MN56623	41-0956348	GOV	10,000
(47) LAUGHING EARTH GARDEN & GIFT 703 E THORPE AVE ADA,MN56510	83-3896516		10,000	LAUGHING EARTH GARDEN & GIFT
(48) LIFECARE MEDICAL CENTER 715 DELMORE DR ROSEAU,MN56751	41-1804205	501C3	51,386	LIFECARE MEDICAL CENTER
(49) DAVID J VON HOLTUM 208 N LABREE AVE THIEF RIVER FALLS,MN56701	46-8040674		10,000	LOLAS HEARING AID CENTER
(50) CONNIE E STARKEY THOMFORDE 118 S MAIN ST MAHNOMEN,MN56557	47-0825337		10,000	MAGIC MIRROR
(51) MILL STREET CAF LLC 217 N MILL ST FERTILE,MN56540	82-5058919		10,000	MILL STREET CAF LLC
(52) MINNESOTA HOUSING PARTNERSHIP 2446 UNIVERSITY AVE W STE 140 SAINT PAUL,MN55114	41-1649643	501C3	15,000	MINNESOTA HOUSING PARTNERSHIP
(53) NAMELESS COALITION FOR THE HOMELESS PO BOX 353 BEMIDJI,MN56601	47-2472053	501C3	20,000	NAMELESS COALITION FOR THE HOMELESS
(54) NATURE CONSERVANCY MINNESOTA 1101 W RIVER PKWY STE 200 MINNEAPOLIS,MN55415	53-0242652	501C3	20,000	NATURE CONSERVANCY MINNESOTA
(55) NEVIS ISD #308 PO BOX 138 NEVIS,MN56467	41-6008266	GOV	10,000	NEVIS ISD #308
(56) CHELSEY L HOUGARD PO BOX 317 KARLSTAD,MN56732	47-6172254		10,000	NO LOOSE ENDS
(57) KAEREN ACCOMMODATIONS INC 902 3RD ST NW ROSEAU,MN56751	45-0421125		15,000	NORTH COUNTRY INN
(58) NORTHLAND COMMUNITY AND TECHNICAL C 1101 HWY 1 E THIEF RIVER FALLS,MN56701	41-1687554	GOV	10,000	NORTHLAND COMMUNITY AND TECHNICAL COLLEG
(59) NORTHWEST INDIAN COMMUNITY DEVELOPM 1819 BEMIDJI AVE N BEMIDJI,MN56601	36-3505641	501C3	75,000	NORTHWEST INDIAN COMMUNITY DEVELOPMENT C
(60) NORTHWEST REGIONAL DEVELOPMENT COMM 109 S MINNESOTA ST WARREN,MN56762	41-1231594	501C3	50,000	NORTHWEST REGIONAL DEVELOPMENT COMMISSIO
(61) NORTHWEST TECHNICAL COLLEGE OF BEMI 905 GRANT AVE SE BEMIDJI,MN56601	41-1687554	GOV	110,000	NORTHWEST TECHNICAL COLLEGE OF BEMI
(62) NORTHWOODS HABITAT FOR HUMANITY PO BOX 1067 BEMIDJI,MN56619	41-1657201	501C3	10,000	NORTHWOODS HABITAT FOR HUMANITY
(63) PARK RAPIDS ISD #309 301 HUNTSINGER AVE PARK RAPIDS,MN56470	41-6001518	GOV	21,615	PARK RAPIDS ISD
(64) PROJECT ZAWADI 253 DUKE ST SAINT PAUL,MN55102	06-1629249	501C3	10,000	PROJECT ZAWADI
(65) REBECCA J BERG PO BOX 175 WARROAD,MN56763	50-3769015		10,000	REBECCA J BERG
(66) RED LAKE BAND OF CHIPPEWA INDIANS 15484 MIGIZI DR REDLAKE,MN56671	41-0692381	GOV	40,000	RED LAKE BAND OF CHIPPEWA INDIANS
(67) SANFORD HEALTH FOUNDATION OF NORTHE 4111 TECHNOLOGY DR NW STE 201 BEMIDJI,MN56601	41-1389317	501C3	8,481	SANFORD HEALTH FOUNDATION OF NORTHE
(68) SAP SAP KITCHEN INC 502 GARFIELD ST SW WARROAD,MN56763	83-3969554		10,000	SAP SAP KITCHEN INC
(69) SHAWNA SWENSON 25058 370TH ST SHEVLIN,MN56676	81-2721250		7,601	KIDS FIRST DAYCARE
(70) SHAWN HALVORSON 204 STRAND ST GARY,MN56545	47-7787184		10,000	SHAWNS PIX & MIX
(71) UNIVERSITY OF MINNESOTA -TWIN CITIE 106 PLEASANT ST SE 200 FRASER HALL MINNEAPOLIS,MN55455	41-6007513	GOV	5,500	SRANYA VONGSALY
(72) STEPHEN-ARGYLE CENTRAL SCHOOL PO BOX 68 STEPHEN,MN56757	41-1843125	GOV	9,500	STEPHEN-ARGYLE CENTRAL SCHOOL
(73) THE CLUBHOUSE CHILDCARE CENTER LLC 205 4TH ST NE MCINTOSH,MN56556	82-3807804		10,000	THE CLUBHOUSE CHILDCARE CENTER LLC
(74) THIEF RIVER FALLS PUBLIC SCHOOLS IS 230 LABREE AVE S THIEF RIVER FALLS,MN56701	41-6003126	GOV	11,926	THIEF RIVER FALLS PUBLIC SCHOOLS IS
(75) TIFFENIE LARSON 405 GROVE AVE HALLOCK,MN56728	57-1734560		10,000	TIFFENIE LARSON
(76) CHERI A LOSSE 110 MAIN AVE N ROSEAU,MN56751	48-3924736		10,000	TRANSFERS UNLIMITED
(77) TRUE FRIENDS 10509 108TH STREET NW ANNANDALE,MN55302	41-1543013	501C3	10,000	TRUE FRIENDS
(78) UNITED WAY OF BEMIDJI AREA PO BOX 27 BEMIDJI,MN56619	41-1567744	501C3	120,200	UNITED WAY OF BEMIDJI AREA
(79) WARREN SENIOR CITIZENS CENTER 110 W JOHNSON AVE WARREN,MN56762	41-1392863	501C3	11,000	WARREN SENIOR CITIZENS CENTER
(80) WARROAD COMMUNITY DEVELOPMENT PO BOX 265 WARROAD,MN56763	86-2470961	501C3	30,000	WARROAD COMMUNITY DEVELOPMENT
(81) WARROAD COMMUNITY PARTNERS PO BOX 265 WARROAD,MN56763	47-2039677	501C3	15,000	WARROAD COMMUNITY PARTNERS
(82) GUSTAV LEONARD BOOTH 804 STEENERSON ST NE WARROAD,MN56763	47-7782719		10,000	WARROAD FIT
(83) WARROAD ISD #690 510 CEDAR AVE NW WARROAD,MN56763	41-6003720	GOV	87,673	WARROAD ISD #690
(84) WARROAD MANUFACTURING INC 60002 STATE HIGHWAY 11 WARROAD,MN56763	81-0919976		10,000	WARROAD MANUFACTURING INC
(85) WARROAD SENIOR LIVING CENTER 1401 LAKE ST NW WARROAD,MN56763	41-1351830	501C3	34,500	WARROAD SENIOR LIVING CENTERWARROAD SENI
(86) WARROAD SENIOR LIVING CENTER 1401 LAKE ST NW WARROAD,MN56763	41-1694266	GOV	50,365	WARROAD SENIOR LIVING CENTER
(87) WIN-E-MAC SCHOOL DIST #2609 23130 345TH ST SE ERSKINE,MN56535	41-1694266	GOV	25,658	WIN-E-MAC SCHOOL DIST #2609
(88) ZION LUTHERAN CHURCH PO BOX 61 WARROAD,MN56763	41-1473281	501C3	8,000	ZION LUTHERAN CHURCH

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2022

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 noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1) BUSINESS TECHNICAL ASSISTANCE	275	26,496
(2) SCHOLARSHIP	248	434,200
(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

Monitoring procedures (Part I, line 2)

AFTER A GENERAL GRANT IS AWARDED, AN AWARD LETTER IS SENT WHICH IS SIGNED BY THE GRANTEE. THIS LETTER IS SUBJECT TO THE GRANTEE ACCEPTING THE TERMS OF THE AWARD LETTER, INCLUDING WHEN PAYMENTS WILL BE SENT AND WHEN REPORTS WILL BE DUE. NORMALLY, THE FIRST PAYMENT IS SENT AFTER THE GRANTEE SIGNS THIS AGREEMENT. SUBSEQUENT PAYMENTS ARE SENT AFTER SATISFACTORY REPORTS FROM THE GRANTEE ARE RECEIVED. WITH COMPONENT FUNDS, PAYMENT IS SENT AFTER REQUIRED MATERIALS ARE RECEIVED FROM THE ADVISORY COMMITTEE. SCHOLARSHIP PAYMENTS ARE SENT DIRECTLY TO THE POST-SECONDARY SCHOOLS AFTER REQUIRED INFORMATION IS RECEIVED FROM THE STUDENTS.

Schedule I (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

NORTHWEST MINNESOTA FOUNDATION

Employer identification number

41-1556013

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2022

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1KAREN WHITE PRESIDENT	(i) (ii)	183,032 -------------	-------------	-------------	-------------	9,196 -------------	192,228 -------------	-------------

Schedule J (Form 990) 2022

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation

Schedule J (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

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

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

NORTHWEST MINNESOTA FOUNDATION

Employer identification number

41-1556013

Return Reference	Explanation
Form 990 governing body review Part VI line 11	THE 990 WILL BE PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE IT IS FILED.
Conflict of interest policy compliance Part VI line 12c	THE BOARD OF DIRECTORS MUST YEARLY SIGN THE CONFLICT OF INTEREST POLICY, WHICH IS WRITTEN TO EMPHASIZE FAIRNESS, CONSISTENCY AND INTEGRITY IN ALL OF ITS DECISION MAKING. THE INTENT OF THE POLICY IS TO ENSURE THAT THERE WILL BE NO BASIS FOR LEGAL ACTION OR ACCUSATIONS OF SELF-DEALING. THE BOARD WILL EXCLUDE ANY MEMBER FROM ALL DELIBERATIONS AND DECISIONS CONCERNING ACTIONS ON ANY PROJECT, SERVICE, OR OTHER MATTER PROPOSED FOR FUNDING IN WHICH SUCH MEMBER MAY HAVE A DIRECT OR INDIRECT FIDUCIARY INTEREST. ANY MEMBER OF THE BOARD MAY QUESTION ANOTHER BOARD MEMBER AS TO CONFLICT OF INTEREST, AND THE BOARD OF DIRECTORS AS A WHOLE WILL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS.
CEO executive director top management comp Part VI line 15a	THE PRESIDENT IS SUBJECT TO ANNUAL REVIEW BY THE BOARD, WHO THEN DETERMINES THE SALARY.
Other officer or key employee compensation Part VI line 15b	KEY EMPLOYEE COMPENSATION IS REVIEWED BY SUPERVISORS AND THE PRESIDENT. THE DETERMINATION IS ALSO BASED ON EXTERNAL COMPENSATION DATA.
Governing documents etc available to public Part VI line 19	THE ORGANIZATIONS 990 AND ANNUAL REPORT (INCLUDING FINANCIAL STATEMENTS) ARE AVAILABLE UPON REQUEST. THE 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. THE ORGANIZATIONS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE PUBLIC.
List of other fees for services expenses Part IX line 11g	CONSULTING $1,040,394MARKETING AND PROMOTION $6,133BACKGROUND CHECKS $1,259EVALUATION SERVICES $11,864IT SERVICES $35,947RECORDING FEE $1,804RECRUITING $3,537TRAINING $6,664STIPENDS $17,998

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	11,687,438	6,142,623
9	Program service revenue (Part VIII, line 2g) .........	712,715	744,360
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	7,031,975	923,652
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)		0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	19,432,128	7,810,635
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	5,402,814	3,528,760
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	2,263,980	2,664,850
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 360,006
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	2,550,459	2,598,236
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	10,217,253	8,791,846
19	Revenue less expenses. Subtract line 18 from line 12.......	9,214,875	-981,211
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	91,824,995	96,817,979
21	Total liabilities (Part X, line 26).............	7,562,414	6,488,947
22	Net assets or fund balances. Subtract line 21 from line 20.....	84,262,581	90,329,032

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 6,217,611 including grants of $ ) (Revenue $ 269,381 )
	THE NORTHWEST MINNESOTA FOUNDATION (NMF) DEMONSTRATED REMARKABLE COMMITMENT AND IMPACT THROUGHOUT FISCAL YEAR 2023, FOSTERING GROWTH, CONNECTIVITY, AND COMMUNITY WELL-BEING IN THE REGION. THIS COMPREHENSIVE SUMMARY ENCOMPASSES THE CUMULATIVE RESULTS OF NMFS ACTIVITIES AND SERVICES, SHOWCASING A DIVERSE RANGE OF INITIATIVES AIMED AT PHILANTHROPY, BUSINESS SUPPORT, AND MISSION-DRIVEN GRANTS.*PHILANTHROPY: COMPONENT, COMMUNITY, AND SCHOLARSHIP FUNDS: NMFS PHILANTHROPIC EFFORTS PLAYED A CENTRAL ROLE IN SHAPING THE REGIONS SOCIO-ECONOMIC LANDSCAPE. THE FOUNDATION DISPERSED A SUBSTANTIAL TOTAL OF OVER $1.7 MILLION THROUGH ITS COMPONENT, COMMUNITY AND SCHOLARSHIP FUNDS, REFLECTING A COMPREHENSIVE APPROACH TO COMMUNITY DEVELOPMENT. SCHOLARSHIPS: A CUMULATIVE SUM OF $434,200 WAS DEDICATED TO PROVIDING 244 SCHOLARSHIPS, EMPHASIZING NMFS COMMITMENT TO EDUCATION AND SKILL DEVELOPMENT. COMPONENT AND COMMUNITY FUNDS: A CUMULATIVE SUM OF $1,269,000 WAS GRANTED FROM THE NMF FAMILY OF FUNDS TO SUPPORT COMMUNITIES AND DONOR GIVING INTERESTS. THIS FUNDING BOLSTERED VARIOUS INITIATIVES, INCLUDING SENIOR LIVING, ANIMAL SHELTERS, BOY SCOUTS, ROTARIANS, COMMUNITY DEVELOPMENT, CHURCHES, HOMELESS SHELTERS, CONSERVATION, ARTS, MEDICAL CARE AND SERVICES, ENVIRONMENTAL AND RECREATION INITIATIVES, LOCAL CITIES, SCHOOL DISTRICTS, AND NONPROFIT ORGANIZATIONS, REINFORCING NMFS DEDICATION TO COMMUNITY DEVELOPMENT.BUSINESS LOANS AND SUPPORT: NMFS COMMITMENT TO ECONOMIC DEVELOPMENT MANIFESTED IN ROBUST SUPPORT FOR SMALL BUSINESSES, WITH A CUMULATIVE TOTAL OF $985,700 APPROVED ACROSS 41 LOANS THROUGHOUT THE FISCAL YEAR. LOAN PROGRAMS INCLUDE:SBA MICROLOANS: STRATEGIC USE OF THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM FACILITATED ECONOMIC GROWTH.EMERGING ENTREPRENEUR LOAN PROGRAM: THIS PROGRAM SUPPORTED A BUSINESS IN POLK COUNTY, CONTRIBUTING TO THE ECONOMIC VIBRANCY OF THE REGION. CHILD CARE FINANCE PROGRAM: NMFS COMMITMENT TO CHILD CARE BUSINESSES CDFI RAPID RESPONSE PROGRAM: SIX LOANS WERE APPROVED THROUGH THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) RAPID RESPONSE PROGRAM.NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION: IN ITS INAUGURAL YEAR, THE NMCIC, A WHOLLY OWNED SUBSIDIARY OF NMF APPROVED TWO LOANS, FURTHER EXPANDING NMFS IMPACT ON ECONOMIC DEVELOPMENT.MISSION-DRIVEN GRANTSNMFS MISSION-DRIVEN GRANTS WERE PIVOTAL IN ADDRESSING SOCIETAL CHALLENGES AND PROMOTING COMMUNITY RESILIENCE, WITH A CUMULATIVE TOTAL OF $933,000 APPROVED THROUGHOUT FISCAL YEAR 2023.TRAINING AND EDUCATION GRANTS: SUPPORTING NONPROFIT ORGANIZATIONS CAPACITY-BUILDING INITIATIVES, CONFERENCES, PROGRAMMING, AND CONSULTANT SERVICES FOR BOARD AND STAFF DEVELOPMENT.DEI GRANTS: PROMOTING DIVERSITY, EQUITY, AND INCLUSION. HOMELESSNESS GRANTS: SUPPORTING TRANSPORTATION SERVICES FOR FAMILIES TO AREA SHELTERS AS NEEDED. HOUSING GRANTS: SUPPORTING MARKET RESEARCH AND DEVELOPMENT OF A REGION-WIDE WORKFORCE STUDY, HOUSING DEVELOPERS TRAINING, AND SPECIFIC COMMUNITY-DRIVEN HOUSING PROJECTS.INNOVATION GRANTS: SUPPORTING THE EXPANSION OF ADDITION-RELATED SERVICES AND INNOVATIVE SOLUTIONS TO REGIONAL CHALLENGES.*CONCLUSIONTHE CUMULATIVE IMPACT OF NMFS INITIATIVES THROUGHOUT FISCAL YEAR 2023 REFLECTS A FOUNDATION DEEPLY EMBEDDED IN THE FABRIC OF NORTHWEST MINNESOTA. FROM ROBUST PHILANTHROPIC EFFORTS, BOLSTERING EDUCATION, HEALTHCARE, AND CULTURAL ENDEAVORS, TO STRATEGIC SUPPORT FOR SMALL BUSINESSES AND INNOVATIVE MISSION-DRIVEN GRANTS, NMF HAS PLAYED A PIVOTAL ROLE IN SHAPING THE REGIONS ECONOMIC AND SOCIAL LANDSCAPE. AS THE FOUNDATION LOOKS FORWARD TO FUTURE ENDEAVORS, ITS COMMITMENT TO CONNECTING PEOPLE, PLACES, AND POSSIBILITIES REMAINS UNWAVERING, FOSTERING BOUNDLESS OPPORTUNITIES FOR THE RESIDENTS OF NORTHWEST MINNESOTA.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses6,217,611

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	397,678	0	20,417

(A) Name and business address	(B) Description of services	(C) Compensation
COMPASS CAPITAL MANAGEMENT INC, SUITE 400 BAKER BLDG 706 2ND AVE MINNEAPOLIS,MN55402	INVESTMENT MGMT	199,498




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 1

1	Briefly describe the organization’s mission or most significant activities: THE NORTHWEST MINNESOTA FOUNDATION INVESTS RESOURCES, FACILITATES COLLABORATION, AND PROMOTES PHILANTHROPY TO MAKE THE REGION A BETTER PLACE TO LIVE AND WORK.
2	Check this box
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 2021 (Part V, line 2a) ......	5	31
6	Total number of volunteers (estimate if necessary) .............	6
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	1,642,822

f	All other contributions, gifts, grants, and similar amounts not included above		1f	4,499,801

g	Noncash contributions included in lines 1a - 1f:$		1g	14,521

h Total. Add lines 1a-1f.......		6,142,623

		Business Code
2a	PARTICIPATION FEES	900099	330,757	330,757
b	INTEREST REVENUE - LOAN	900099	129,253	129,253
c	LOAN APPLICATION FEES	900099	14,969	14,969
d	REVENUE FROM SERVICES	900099	269,381	269,381
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		744,360

3 Investment income (including dividends, interest, and othersimilar amounts) ......			1,956,499			1,956,499
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		54,415,429	7a
b	Less: cost or other basis and sales expenses	2,667	55,445,609	7b
c	Gain or (loss)	-2,667	-1,030,180	7c
d	Net gain or (loss).........			-1,032,847			-1,032,847
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			7,810,635	744,360	0	923,652

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	3,068,069	3,068,069
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	460,691	460,691
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
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........	2,143,443	990,113	959,365	193,965
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	521,407	195,705	261,662	64,040
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	16,309	4,941	11,316	52
c	Accounting ...........	81,381		81,381
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	331,124	331,124
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	1,125,600	762,252	339,288	24,060
12	Advertising and promotion ....	70,221	23,360	45,344	1,517
13	Office expenses .......	213,226	40,277	153,862	19,087
14	Information technology ......	120,451	45,390	61,550	13,511
15	Royalties ..
16	Occupancy ...........	39,850	15,600	24,250
17	Travel ............	134,764	63,168	42,644	28,952
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	34,244	29,293	4,951
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	160,151	66,000	94,151
23	Insurance ...	33,116	3,900	29,216
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	MAINTENANCE & REPAIR	95,498	55,245	40,253
b	MISCELLANEOUS	96,932	38,803	46,582	11,547
c	EDUCATION	22,513	10,796	9,413	2,304
d	LOAN LOSS PROVISION	12,884	12,884
e	All other expenses	9,972		9,001	971
25	Total functional expenses. Add lines 1 through 24e	8,791,846	6,217,611	2,214,229	360,006
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 if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			150	1	150
2	Savings and temporary cash investments .........			1,473,063	2	1,375,874
3	Pledges and grants receivable, net ......			1,284,981	3	843,784
4	Accounts receivable, net .............				4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			3,260,300	7	3,346,021
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			205,803	9	96,012
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	3,282,001
b	Less: accumulated depreciation	10b	1,007,083	2,373,034	10c	2,274,918
11	Investments—publicly traded securities .			77,220,482	11	81,540,163
12	Investments—other securities. See Part IV, line 11 .....			5,243,321	12	5,810,724
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			763,861	15	1,530,333
16	Total assets. Add lines 1 through 15 (must equal line 33)...			91,824,995	16	96,817,979

17	Accounts payable and accrued expenses .....	336,640	17	359,611
18	Grants payable ...	235,000	18	75,000
19	Deferred revenue .........	2,006,290	19	1,107,081
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	2,342,640	23	2,245,933
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	2,641,844	25	2,701,322
26	Total liabilities. Add lines 17 through 25..	7,562,414	26	6,488,947

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	2,958,589	27	2,999,356
28	Net assets with donor restrictions ...........	81,303,992	28	87,329,676
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	84,262,581	32	90,329,032
33	Total liabilities and net assets/fund balances ........	91,824,995	33	96,817,979