TY 2024 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) BRIAN VOERDING...................................................................... PRESIDENT	40.00 .................		X		165,828	28,057
(2) DON HICKMAN...................................................................... VP FOR COMMUNITY & WORKFORCE (FORMER)	40.00 .................			X	148,367	27,540
(3) MICHELE MILLER...................................................................... CFO	40.00 .................		X		117,848	30,410
(4) DAVID MONROY...................................................................... TRUSTEE/CHAIR	2.00 .................	X	X		0	0
(5) KRISTI WESTBROCK...................................................................... TRUSTEE/VICE CHAIR	1.00 .................	X	X		0	0
(6) TERI HOGGARTH...................................................................... TRUSTEE/TREASURER	1.00 .................	X	X		0	0
(7) BRETT ANDERSON...................................................................... TRUSTEE	1.00 .................	X			0	0
(8) CARRIE WILLIS...................................................................... TRUSTEE	1.00 .................	X			0	0
(9) DAN WEBER...................................................................... TRUSTEE	1.00 .................	X			0	0
(10) JESSICA BITZ...................................................................... TRUSTEE	1.00 .................	X			0	0
(11) JOE MULFORD...................................................................... TRUSTEE	1.00 .................	X			0	0
(12) JOE NAYQUONABE JR...................................................................... TRUSTEE	1.00 .................	X			0	0
(13) JULIE NELSON...................................................................... TRUSTEE	1.00 .................	X			0	0
(14) KIM ELLINGSON...................................................................... TRUSTEE	1.00 .................	X			0	0
(15) MATEO MACKBEE...................................................................... TRUSTEE	1.00 .................	X			0	0
(16) ROBBYN WACKER...................................................................... TRUSTEE (FORMER)	1.00 .................	X			0	0
(17) SANTO CRUZ...................................................................... TRUSTEE	1.00 .................	X			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

2024

Open to Public
Inspection

Name of the organization

INITIATIVE FOUNDATION

Employer identification number

36-3451562

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) 2024

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) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	17,690,692	9,919,142	15,630,787	7,171,446	10,275,827	60,687,894
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	17,690,692	9,919,142	15,630,787	7,171,446	10,275,827	60,687,894
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) ..						2,938,470
6	Public support. Subtract line 5 from line 4.						57,749,424

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
7	Amounts from line 4..	17,690,692	9,919,142	15,630,787	7,171,446	10,275,827	60,687,894
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	1,361,236	1,204,252	1,958,975	2,077,883	2,156,438	8,758,784
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.)..	426,700					426,700
11	Total support. Add lines 7 through 10						69,873,378

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

4,455,581

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 2024 (line 6, column (f) divided by line 11, column (f)) .........

82.650 %

Public support percentage for 2023 Schedule A, Part II, line 14 ...............

83.490 %

16a

33 1/3% support test—2024. 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—2023. 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—2024. 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—2023. 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) 2024

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) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(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) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(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 2024 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2023 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2024 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2023 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2024. 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—2023. 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) 2024

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) 2024

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) 2024

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) 2024

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 2024 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-2024	(iii) Distributable Amount for 2024
1 Distributable amount for 2024 from Section C, line 6
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2024:
a From 2019.......
b From 2020.......
c From 2021.......
d From 2022.......
e From 2023.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2024 distributable amount
i Carryover from 2019 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2024 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2024 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2024, 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 2024. 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 2025. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2020.....
b Excess from 2021.....
c Excess from 2022.....
d Excess from 2023.....
e Excess from 2024.....

Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024

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
PART II, LINE 10, EXPLANATION OF OTHER INCOME	BAD DEBT RECOVERIES - 2019 AMOUNT $8,055. PPP LOAN FORGIVENESS - 2020 AMOUNT $426,700.

Schedule A (Form 990) 2024

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)
(Rev. January 2025)

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

Name of the organization

INITIATIVE FOUNDATION

Employer identification number

36-3451562

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 ......... Right Arrow

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) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025) Page 2

Name of organization INITIATIVE FOUNDATION

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	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) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 3

Name of organization INITIATIVE FOUNDATION		Employer identification number 36-3451562

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) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 4


Name of organization INITIATIVE FOUNDATION			Employer identification number 36-3451562
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) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

right arrow

Complete if the organization is described below. 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

2024

Open to Public
Inspection

If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

INITIATIVE FOUNDATION

Employer identification number

36-3451562

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

Political campaign activity expenditures. See instructions .................................................................... right arrow

Volunteer hours for political campaign activities. See instructions ..................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ right arrow

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... right arrow

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... right arrow

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ right arrow

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b........... right arrow

Did the filing organization file Form 1120-POL for this year? ...................................................................

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

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

Cat. No. 50084S

Schedule C (Form 990) 2024

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check right arrow

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check right arrow

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................
d	Other exempt purpose expenditures ...............................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................	Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2021	(b) 2022	(c) 2023	(d) 2024	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

Schedule C (Form 990) 2024

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? ...........................................................................................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Yes

2,500

Total. Add lines 1c through 1i ....................................................................................................

2,500

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."

Dues, assessments and similar amounts from members ......................................................................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................

Taxable amount of lobbying and political expenditures. See Instructions .........................................

Part IV

Supplemental Information

Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation

Schedule C (Form 990) 2024

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.
right arrow

Attach to Form 990.
right arrow

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

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

INITIATIVE FOUNDATION

Employer identification number

36-3451562

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 .........	29
2	Aggregate value of contributions to (during year)	366,123
3	Aggregate value of grants from (during year)	448,722
4	Aggregate value at end of year ........	5,625,007

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 July 25, 2006, 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 right arrow

Number of states where property subject to conservation easement is located right arrow

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
right arrow

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

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 ......................... right arrow

(ii)

Assets included in Form 990, Part X ............................... right arrow

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 .......................... right arrow

Assets included in Form 990, Part X ............................... right arrow

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

Cat. No. 52283D

Schedule D (Form 990) (Rev. 1-2025)

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 ....	69,346,975	62,579,675	72,319,244	64,386,913	57,801,751
b	Contributions ...	1,008,722	1,343,731	1,382,695	1,795,096	1,470,183
c	Net investment earnings, gains, and losses	8,860,111	8,675,315	-9,069,983	8,436,549	6,930,624
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...	4,002,485	3,251,746	2,052,281	2,299,314	1,815,645
f	Administrative expenses ....
g	End of year balance ......	75,213,323	69,346,975	62,579,675	72,319,244	64,386,913

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

Board designated or quasi-endowment right arrow

55.060 %

Permanent endowment right arrow

35.080 %

Term endowment right arrow

9.860 %

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 .....	778,200		778,200
b	Buildings ....	1,886,165	1,135,042	751,123
c	Leasehold improvements
d	Equipment ....	197,583	124,183	73,400
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				1,602,723

Schedule D (Form 990) (Rev. 1-2025)

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) SEED EQUITY INVESTMENTS	20,161,949	F
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	20,161,949

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
DUE TO IMPACT FUND	1,469,819








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	1,469,819
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) (Rev. 1-2025)

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
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ...........	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
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

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
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
3	Subtract line 2e from line 1...................		3
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

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:	THE FOUNDATION HOLDS FUNDS TRANSFERRED TO THEM FROM OTHER ORGANIZATIONS FOR INVESTMENT MANAGEMENT PURPOSES. THE FUNDS ARE TO BE DISTRIBUTED BACK TO THESE ORGANIZATIONS AS THEY REQUEST THEM. THE FOUNDATION HAS NO VARIANCE POWER OVER THE FUNDS.
PART V, LINE 4:	BOARD DESIGNATED ENDOWMENT FUNDS PROVIDE PROGRAM AND OPERATING SUPPORT FOR THE INITIATIVE FOUNDATION'S MISSION. SPECIFIC WORK DONOR DESIGNATED ENDOWMENT FUNDS DEVELOP COMMUNITY RESOURCES TO ENHANCE THE QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES THROUGH VARIOUS COMMUNITIES IN MINNESOTA. SOME DONOR DESIGNATED ENDOWMENT FUNDS ARE ALSO USED TO PROVIDE SCHOLARSHIPS FOR HIGH SCHOOL STUDENTS PURSUING POST SECONDARY EDUCATION, TO AWARD GRANTS THAT PROMOTE VARIOUS INTIATIVES PURSUED BY THE DONOR, AND TO SUPPORT ORGANIZATIONS CONDUCTING VARIOUS CHARITABLE ACTIVITIES.
PART X, LINE 2:	THE FOUNDATION FOLLOWS FASB ASC TOPIC 740, UNCERTAINTY IN INCOME TAXES. THE FOUNDATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(3). DUE TO THE NOT-FOR-PROFIT NATURE AND PROVISION OF THE FOUNDATION, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE FOUNDATION ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE FOUNDATION ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE FOUNDATION IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE FOUNDATION WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX WITH RESPECT TO ADVERTISING INCOME AND INVESTMENT IN PARTNERSHIPS. THE FOUNDATION IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE.

Schedule D (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. 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

Open to Public Inspection

Name of the organization
INITIATIVE FOUNDATION

Employer identification number

36-3451562

Part I

Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.

Form 990-EZ filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

YesNo

If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(i) Name and address of individual or entity (fundraiser)	(iii) Did fundraiser have custody or control of contributions?
	Yes	No










Total . . . . . . . . . . . . . . . . . . . .

List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

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

Cat. No. 50083H

Schedule G (Form 990) (Rev. 1-2025)

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 BAEF SPRING GALA (event type)	(b) Event #2 BLUE JACKET FUTURE FEST (event type)	(c) Other events 7 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	28,950	41,158	69,830	139,938
2	Less: Contributions . . . .	16,615	4,778	71,139	92,532
3	Gross income (line 1 minus line 2) . . . . . .	12,335	36,380	-1,309	47,406

4	Cash prizes . . . . .		310	256	566
5	Noncash prizes . . . .
6	Rent/facility costs . . . .	800	50	400	1,250
7	Food and beverages . . .	5,688	6,999	7,837	20,524
8	Entertainment . . . .	679	396	1,141	2,216
9	Other direct expenses . . .	226	2,190	8,973	11,389
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .				35,945
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .				11,461

Part III

Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .

2	Cash prizes . . . . .
3	Noncash prizes . . . .
4	Rent/facility costs . . . .
5	Other direct expenses . . .

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow

Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow

Enter the state(s) in which the organization conducts gaming activities:

Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .

YesNo

If "Yes," explain:

Schedule G (Form 990) (Rev. 1-2025)

Page 3

Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? . . . . . . . . . . . . . . . . .

YesNo

Indicate the percentage of gaming activity conducted in:

The organization's facility . . . . . . . . . . . . . . . . . .

13a

An outside facility . . . . . . . . . . . . . . . . . . . .

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? . . . . . . . . . . . . . . . . . . . . . . . .

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

$ .

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . . . . . . . . . . . . . . . . . . .

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

Part IV

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.

Return Reference	Explanation

Schedule G (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule I
(Form 990)
(Rev. January 2025)

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 instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization
INITIATIVE FOUNDATION

Employer identification number
36-3451562

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) ADAN J ALI 1109 7TH STREET SOUTH 112 WAITE PARK,MN56387			25,000	DEED PROMISE ACT GRANT
(2) ALL NATIONS RISE PO BOX 148 BAGLEY,MN56621	87-2611816	501(C)(3)	74,000	TO SUPPORT THE INDIGENOUS PARENT LEADERSHIP INITIATIVE (IPLI).
(3) ALPHA TRUCKING LLC 3040 W ST GERMAIN ST APT 301 ST CLOUD,MN56301	32-0703104		25,000	DEED PROMISE ACT GRANT
(4) AMAZING LOVE ELDERLY CARE CENTER LLC 7807 EMERALD RD RANDALL,MN56475		501(C)(3)	25,000	DEED PROMISE ACT GRANT
(5) ANDERSON CENTER 122 12TH AVE N STE 102 ST CLOUD,MN56303	41-1911774	501(C)(3)	10,000	TO PROVIDE PARTIAL SCHOLARSHIPS FOR EXECUTIVE TRAINING FOR ENTREPRENEURS AND NONPROFIT MANAGERS IN CENTRAL MINNESOTA.
(6) ANISHINABE LEGAL SERVICES INC PO BOX 157 CASS LAKE,MN56633	41-0960032	501(C)(3)	7,500	FOR STRATEGIC PLANNING.
(7) ARROWHEAD ECONOMIC OPPORTUNITY AGENCY INC (AEOA) - CHISHOLM FOOD SHELF 208 WEST LAKE ST MINNEAPOLIS,MN55719	41-6052144	501(C)(3)	20,000	TO SUPPORT THE EMERGENCY FOOD SHELF AND THE INCREASING NUMBER OF VISITORS.
(8) AUSTIN ASPIRES INC 318 N MAIN STREET AUSTIN,MN55912	46-5424422	501(C)(3)	17,000	TO SUPPORT A SIX-WEEK SUMMER PROGRAM DESIGNED TO DEVELOP LEADERSHIP AND COMMUNICATION SKILLS IN BOYS GRADES THREE THROUGH SEVEN.
(9) AUSTIN PUBLIC SCHOOLS EARLY CHILDHOOD 401 3RD AVE NW AUSTIN,MN55912	41-6002526	SCHOOL	50,000	TO PROVIDE ADDITIONAL STAFFING SUPPORT AND BUILD CAPACITY IN EARLY CHILDHOOD PRESCHOOL PROGRAMMING.
(10) AUSTIN'S FLORAL AND GIFTS INC 212 8TH STREET NE MELROSE,MN56352	41-1983761		10,000	DEED PROMISE ACT GRANT
(11) AUTISM OPPORTUNITIES FOUNDATION (IN NORTHEAST MINNESOTA) 5860 BAKER RD MINNETONKA,MN55345	41-1847652	501(C)(3)	30,000	TO SUPPORT COMPREHENSIVE, TRANSITIONAL PROGRAMS FOR YOUNG ADULTS WITH AUTISM-SPECTRUM DISORDER.
(12) AVON HILLS FOLK SCHOOL PO BOX 276 AVON,MN56310	82-0638008	501(C)(3)	25,000	DEED PROMISE ACT GRANT
(13) BEAR PAWS CULTURAL ART 40987 WILDLIFE ROAD HINCKLEY,MN55037	93-1755170	501(C)(3)	10,000	TO SUPPORT CLASSES FOR THE COMMUNITY IN EAST CENTRAL MINNESOTA AND THE INDIGENOUS LANDS SURROUNDING THE MILLE LACS BAND OF OJIBWE.
(14) BEMIDJI COMMUNITY TABLE PO BOX 1584 BEMIDJI,MN56604	36-3615054	501(C)(3)	20,000	TO MAINTAIN AND GROW EXISTING OPERATIONS TO CONTINUE TO SERVE MEALS 4 NIGHTS A WEEK TO UNHOUSED INDIVIDUALS, CHILDREN, FAMILIES, AND ELDERLY FOLKS IN NEED.
(15) BIG WOLF SITEWORKS LLC 19697 360TH STREET TAYLORS FALLS,MN55084	85-3607734		25,000	DEED PROMISE ACT GRANT
(16) BILLIONAIRE BEAUTY & BARBERSHOP INC 317 E MAIN STREET MELROSE,MN56352	87-2939979		25,000	DEED PROMISE ACT GRANT
(17) BIO GIRLS INC 4225 38TH ST SUITE 202 FARGO,ND58104	81-0792142	501(C)(3)	25,000	TO SUPPORT BIO GIRLS PROGRAMMING AT ALL 11 NW MN LOCATIONS.
(18) BLOOMING PRAIRIE YOUTH CLUB 401 4TH ST SE BLOOMING PRAIRIE,MN55917	82-2127340	501(C)(3)	15,000	TO SUPPORT HEALTHY EATING BY OFFERING FRESH FOOD OPTIONS.
(19) BOYS & GIRLS CLUB OF HIBBING PO BOX 613 HIBBING,MN55746	41-0969947	501(C)(3)	30,000	TO HELP CONTINUE TO GIVE THE SCHOOL-AGED YOUTH OF HIBBING A SAFE PLACE TO GO AFTER SCHOOL AND DURING THE SUMMER
(20) BOYS & GIRLS CLUB OF THE LEECH LAKE AREA POST OFFICE BOX 817 CASS LAKE,MN56633	41-1929446	501(C)(3)	15,000	TO SUPPORT DISTRIBUTION OF HEALTHY FOODS TO THOSE IN NEED.
(21) BRAINERD LAKES AREA COMMUNITY FOUNDATION 321 S 7TH ST BRAINERD,MN56401	36-3412544	501(C)(3)	21,100	TO SUPPORT THE MISSION OF THE AIS FUND
(22) BRAINERD LAKES AREA ECONOMIC DEVELOPMENT CORPORATION (BLAEDC) 224 WEST WASHINGTON STREET BRAINERD,MN56401	41-1543292	501(C)(3)	10,000	TO SUPPORT ANALYTICS FOR THE BRAINERD LAKES AREA TO HELP PROMOTE ECONOMIC GROWTH.
(23) BRAINERD SPORTS BOOSTERS CLUB INC PO BOX 32 BRAINERD,MN56401	41-1458177	501(C)(3)	10,000	TO SUPPORT ATHLETICS
(24) BREATH OF LIFE ADULT DAY SERVICE 200 BUFFALO HILLS LANE E BRAINERD,MN56401	41-2007782	501(C)(3)	12,000	TO SUPPORT THE PARTICIPANT SPONSORSHIP PROGRAM.
(25) CAMP SHAMINEAU OF THE EVANGELICAL FREE CHURCH PO BOX 244 MOTLEY,MN56466	41-0941920	CHURCH	40,000	TO SUPPORT THE MISSION OF THE ORGANIZATION THROUGH A CAMP SPONSORSHIP.
(26) CAMPHILL VILLAGE MN 15136 CELTIC DRIVE SAUK CENTRE,MN56378	41-1387425	501(C)(3)	7,500	FOR ORGANIZATION SUCCESSION PLANNING.
(27) CASS COUNTY ECONOMIC DEVELOPMENT CORPORATION PO BOX 1606 WALKER,MN56484	41-1873815	501(C)(3)	7,500	TO SUPPORT EFFORTS TO BUILD STAFF CAPACITY TO ASSIST COMMUNITIES IN CASS COUNTY TO ADVANCE STRATEGIES TO EXPAND ACCESS TO WORKFORCE HOUSING.
(28) CENTRAL MINNESOTA DEMENTIA COMMUNITY ACTION NETWORK 3701 12TH STREET NORTH SUITE 103 ST CLOUD,MN56303	84-4111658	501(C)(3)	41,000	TO SUPPORT D-CAN'S DEMENTIA INFORMED COUNSELING PROGRAM.
(29) CENTRAL MINNESOTA ELDER NETWORK 700 CEDAR ST SUITE 227 ALEXANDRIA,MN56308	41-1852680	501(C)(3)	10,000	TO SUPPORT PROGRAMMING WHICH NURTURES THE SPIRITS AND ENRICHES THE LIVES OF PARTICIPANTS THROUGH MEANINGFUL SOCIAL CONNECTIONS.
(30) CENTRAL MINNESOTA JOBS AND TRAINING SERVICES INC PO BOX 720 MONTICELLO,MN55362	41-1484048	501(C)(3)	6,000	TO HOST FOCUS GROUPS TO GATHER FEEDBACK THAT WILL AID PROGRAM PLANNING.
(31) CENTRAL MINNESOTA JOBS AND TRAINING SERVICES INC PO BOX 720 MONTICELLO,MN55362	41-1484048	501(C)(3)	7,500	FOR STRATEGIC PLANNING.
(32) CENTRAL MN HABITAT FOR HUMANITY 3335 W ST GERMAIN ST SUITE 108 ST CLOUD,MN56301	41-1634218	501(C)(3)	45,000	TO SUPPORT HOMEOWNERSHIP IN 2024.
(33) CENTRAL MN RE-ENTRY PROJECT PO BOX 2391 ST CLOUD,MN56302	38-3727614	501(C)(3)	15,000	TO PROVIDE SOCIAL SUPPORTS FOR THE FORMERLY INCARCERATED.
(34) CHANGING GAITS INC PO BOX 21 BROOK PARK,MN55007	20-8039907	501(C)(3)	25,000	DEED PROMISE ACT GRANT
(35) CHILD'S PLACE PO BOX 431 REDWOOD FALLS,MN56283	85-2103004	501(C)(3)	10,000	TO FACILITATE AND COORDINATE A MULTIDISCIPLINARY TEAM RESPONSE TO CHILD ABUSE.
(36) CHRIST THE KING CATHOLIC CHURCH 720 MAIN STREET NORTH BROWERVILLE,MN56438	41-1362976	CHURCH	10,000	TO SUPPORT THE MISSION OF THE ORGANIZATION
(37) CITY OF MORA 101 LAKE ST S MORA,MN55051	41-6005389	UNIT OF GOVERNMENT	7,500	TO SUPPORT A HOUSING MARKET ANALYSIS FOR THE AREA WITHIN COMMUTING DISTANCE OF MORA
(38) CITY OF PRINCETON 6800 ELECTRIC DRIVE ROCKFORD,MN55373	41-6005471	UNIT OF GOVERNMENT	111,008	TO SUPPORT ECONOMIC DEVELOPMENT.
(39) CITY OF WADENA PO BOX 30 WADENA,MN56482		UNIT OF GOVERNMENT	146,160	TO SUPPORT THE WADENA CITY LIBRARY RENOVATION
(40) CLEARBROOK-LEONARD SENIOR CENTER PO BOX 147 CLEARBROOK,MN56634	41-1385609	501(C)(3)	38,000	TO SUPPORT THE CENTER'S HYBRID SENIOR WELLNESS MODEL FOR BOTH IN-PERSON AND VIRTUAL WELLNESS VISITS, RIDE-SHARE SERVICES, AND SENIOR-SPECIFIC WORKSHOPS.
(41) COLLIDER FOUNDATION 221 1ST AVENUE SW SUITE 610 ROCHESTER,MN55902	83-1815046	501(C)(3)	34,603	TO SUPPORT THE DELIVERY OF ENTREPRENEURSHIP COHORTS.
(42) COMMUNITY GRASSROOTS SOLUTIONS PO BOX 365 ST CLOUD,MN56302	27-2397534	501(C)(3)	7,500	FOR SUPPORT OF NEW DIGITAL ENGAGEMENT TOOLS TO INCREASE FUND DEVELOPMENT AND IMPROVE OUTREACH TO COMMUNITY.
(43) COMMUNITY HEALTH SERVICE INC 2310 4TH AVE N MOORHEAD,MN56560	41-1000060	501(C)(3)	75,000	TO SUPPORT AND ENHANCE ACCESS TO ORAL HEALTH SERVICES.
(44) COMMUNITY RESOURCE CONNECTIONS 750 PAUL BUNYAN DRIVE NW 12 BEMIDJI,MN56601	41-1782146	501(C)(3)	16,500	TO IMPROVE ACCESS TO, AND THE EFFECTIVENESS OF COMMUNITY SERVICES, THROUGH COLLABORATION, COORDINATION, AND INTEGRATION.
(45) CONNECTABILITY OF MN 2901 3RD ST S WAITE PARK,MN56387	41-0807591	501(C)(3)	6,000	FOR A PILOT PROGRAM TO INCREASE VOLUNTEER ENGAGEMENT WITH CONNECTABILITY.
(46) CORNELL COLLEGE 600 1ST ST SW MOUNT VERNON,IA523141006	42-0680335	SCHOOL	12,000	TO SUPPORT THE ANNUAL FUND AND 1963 CLASS ENDOWMENT FUND
(47) CRISIS LINE AND REFERRAL SERVICE PO BOX 192 BRAINERD,MN56401	41-1632978	501(C)(3)	10,000	TO SUPPORT THE 24/7 COMMUNITY LIFELINE SERVICE.
(48) CROSBY-IRONTON PUBLIC SCHOOLS FOUNDATION 711 POPLAR ST CROSBY,MN56441	41-1855418	501(C)(3)	15,000	TO SUPPORT THE MISSION OF THE ORGANIZATION
(49) CROSBY-IRONTON PUBLIC SCHOOLS FOUNDATION 711 POPLAR ST CROSBY,MN56441	41-1855418	501(C)(3)	20,000	TO SUPPORT THE MISSION OF THE ORGANIZATION
(50) CULTURAL DIVERSITY RESOURCES 3505 8 STREET S SUITE 7 MOORHEAD,MN56560	41-1896836	501(C)(3)	38,000	TO SUPPORT THE CAPACITY OF THREE NEW NONPROFITS.
(51) CUYUNA OUTFITTERS 10 3RD AVE SW BRAINERD,MN56401	86-2017556		25,000	DEED PROMISE ACT GRANT
(52) EAGLE BLUFF ENVIRONMENTAL LEARNING CENTER 28097 GOODVIEW DR LANESBORO,MN55949	41-1431959	501(C)(3)	10,000	TO SUPPORT A PRESCHOOL EXPERIENCE FOCUSED ON THE OUTDOORS .
(53) ELK RIVER SCHOOL DISTRICT (ISD #728) 11500 193RD AVE NW ELK RIVER,MN55330	41-6003818	SCHOOL	8,000	TO SUPPORT THE SCHOLARSHIP PROGRAM
(54) ELK RIVER SCHOOL DISTRICT (ISD #728) 11500 193RD AVE NW ELK RIVER,MN55330	41-6003818	SCHOOL	11,700	TO SUPPORT THE CONSTRUCTION CLASSROOMS
(55) ELK RIVER SCHOOL DISTRICT (ISD #728) 11500 193RD AVE NW ELK RIVER,MN55330	41-6003818	SCHOOL	8,000	TO SUPPORT THE SCHOLARSHIP PROGRAM
(56) ELY COMMUNITY RESOURCE INC 111 S FOURTH AVENUE ELY,MN55731	41-1333048	501(C)(3)	30,000	TO SUPPORT EXPANSION OF AFTERSCHOOL PROGRAMS TO RESPOND TO INCREASED NEED FOR ACADEMIC AND SOCIAL/EMOTIONAL SKILL BUILDING THAT ARE A PERSISTENT RESULT OF LOST LEARNING AND ISOLATION RELATED TO THE COVID 19 SCHOOL CLOSURES.
(57) EMILY EMERGENCY FOOD SHELF 20948 CO RD 1 EMILY,MN56447	45-3504397	501(C)(3)	7,050	FOR BOARD TRAINING AND EXECUTIVE DEVELOPMENT.
(58) EMPOWERING KIDS 231 FOX ST PERHAM,MN56573	82-2099328	501(C)(3)	36,000	TO SUPPORT YEAR-ROUND, AFFORDABLE SOCIAL AND RECREATIONAL PROGRAMMING FOR INDIVIDUALS WITH DISABILITIES IN RURAL MINNESOTA.
(59) FAITH IN ACTION FOR CASS COUNTY PO BOX 512 HACKENSACK,MN56452	27-0011031	501(C)(3)	15,000	TO SUPPORT THE ORGANIZATION'S TECHNOLOGY NEEDS.
(60) FAMILY SAFETY NETWORK PO BOX 1622 WALKER,MN56484	41-1725623	501(C)(3)	20,000	TO CONTINUE TO PROVIDE EMERGENCY SHELTER, TRANSITIONAL HOUSING, AND TRAUMA-INFORMED, PERSON-CENTERED SERVICES TO VICTIMS OF DOMESTIC VIOLENCE.
(61) FAMILY SAFETY NETWORK PO BOX 1622 WALKER,MN56484	41-1725623	501(C)(3)	7,500	TWO ADVOCATES FROM THE SAFETY NETWORK TO ATTEND THE TRAUMA THE TRAUMA TRAINING INSTITUTE.
(62) FAMILY SERVICE ROCHESTER INCORPORATED 4600 18TH AVE NW ROCHESTER,MN55901	41-0883453	501(C)(3)	15,000	TO SUPPORT THE DELIVERY OF AFFORDABLE AND ACCESSIBLE MENTAL HEALTH TREATMENT FOR CHILDREN AND THEIR FAMILIES.
(63) FEEDING AREA CHILDREN TOGETHER 2625 CLEARWATER RD SUITE 140 ST CLOUD,MN56301	82-2748058	501(C)(3)	50,000	TO SUPPORT THE PACK WEEKEND MEAL PROGRAM FOR CHILDREN.
(64) FEEDING OUR COMMUNITIES PARTNERS (FOCP) 2120 HOWARD DR WEST SUITE J MANKATO,MN56003	27-2374187	501(C)(3)	44,192	TO SUPPORT SUMMER PACK, WHICH PROVIDES RELIABLE ACCESS TO WEEKEND MEALS TO FILL THE LOCAL SUMMER FEEDING GAP.
(65) FRIENDS OF LINDEN HILL INC 608 HIGHLAND AVENUE LITTLE FALLS,MN56345	26-0234572	501(C)(3)	25,000	DEED PROMISE ACT GRANT
(66) FRIENDS OF PINE GROVE ZOO 1200 WEST BROADWAY LITTLE FALLS,MN56345	41-1949216	501(C)(3)	7,500	TO SUPPORT THE PINE GROVE ZOO
(67) FRIENDS OF PINE GROVE ZOO 1200 WEST BROADWAY LITTLE FALLS,MN56345	41-1949216	501(C)(3)	12,000	TO SUPPORT ANIMAL ACQUISITION AT THE ZOO
(68) FRIENDS OF SHERBURNE NATIONAL WILDLIFE REFUGE INC C/O SHERBURNE NATIONAL WILDLIFE REFUGE ZIMMERMAN,MN55398	41-1763001	501(C)(3)	65,000	CONSTRUCTION OF AN AMPHITHEATER AT THE OAK SAVANA LEARNING CENTER.
(69) GORAD TRUCKING INC 1420 6TH AVE S APT 202 ST CLOUD,MN56301	87-4034486		10,000	DEED PROMISE ACT GRANT
(70) GRACE HOUSE OF ITASCA COUNTY 501 SW 1ST AVENUE GRAND RAPIDS,MN55744	14-1974011	501(C)(3)	10,000	TO PROVIDE SAFE, TEMPORARY SHELTER TO INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS AND CONNECT THEM TO COMMUNITY RESOURCES.
(71) GRACE UNITED METHODIST CHURCH PO BOX 276 PEQUOT LAKES,MN56472	41-1467156	CHURCH	7,500	TO SUPPORT THE MISSION OF THE ORGANIZATION
(72) GREATER ST CLOUD DEVELOPMENT CORPORATION 501 WEST ST GERMAIN ST SUITE 100 ST CLOUD,MN56301	45-2050341	501(C)(3)	25,000	TO PROVIDE ANNUAL SUPPORT TO ENGAGE COMMUNITY LEADERS, FOSTER BUSINESS GROWTH, AND DEVELOP THE REGION'S WORKFORCE.
(73) GULL CHAIN OF LAKES ASSOCIATION C/O BRAINERD LAKES AREA COMMUNITY FOUNDATION BRAINERD,MN56401	41-1272492	501(C)(3)	47,422	TO PURCHASE TWO I-LIDS SYSTEMS.
(74) GURE EXPRESS LLC 1810 37TH ST S ST CLOUD,MN56301	87-2172258		50,000	DEED PROMISE ACT GRANT
(75) HEART-N-SOUL COMMUNITY CAFE INC 1610 12TH AVE S FARGO,ND58103	81-2894563	501(C)(3)	27,000	TO SUPPORT EXPANSION OF THE LUNCH BOX PROGRAM.
(76) HEINEN FARM & RANCH LLC 36906 VIBO CIR NORTH BRANCH,MN55056	85-0627137		10,000	DEED PROMISE ACT GRANT
(77) HERITAGE CHURCH 13242 BERRYWOOD DRIVE BAXTER,MN56425	41-1364744	CHURCH	10,000	TO SUPPORT THE MISSION OF THE ORGANIZATION
(78) HIKMAH 622 SUNRISE DRIVE STE 400 ST PETER,MN56082	84-2625826	501(C)(3)	49,950	TO SUPPORT THE HIKMAH YOUTH ENRICHMENT PROGRAM TO HELP CLOSE THE ACHIEVEMENT GAP FOR EAST AFRICAN AND SOMALI AMERICAN STUDENTS.
(79) HILLTOP REGIONAL KITCHEN PO BOX 172 EAGLE BEND,MN56446	82-1626826	501(C)(3)	10,000	TO SUPPORT DISTRIBUTION OF QUALITY FOOD TO POPULATIONS IN NEED.
(80) HORIZON HEALTH INC 26814 143RD STREET PIERZ,MN56364	41-1699160	501(C)(3)	7,500	TO PROVIDE THE PEARLS PROGRAM TO PROVIDE TOOLS AND COMPANIONS TO HELP SENIORS COMBAT DEPRESSION AND LONELINESS.
(81) HYDRAULIC PLUS & CONSULTING LLC 26511 FALLBROOK AVE N WYOMING,MN55092			50,000	DEED PROMISE ACT GRANT
(82) IMMIGRANT LAW CENTER OF MN 450 NORTH SYNDICATE STREET SUITE 200 SAINT PAUL,MN55104	41-0909036	501(C)(3)	40,000	TO SUPPORT LEGAL SERVICES, EDUCATIONAL OUTREACH, AND ADVOCACY FOR IMMIGRANTS AND REFUGEES IN WEST CENTRAL MINNESOTA.
(83) IN THE MOMENT BOUTIQUE LLC 12745 LAKE BLVD LINDSTROM,MN55045	86-2829565		25,000	DEED PROMISE ACT GRANT
(84) ISD 88 - ECFESR 910 14TH ST N NEW ULM,MN56073	41-6000373	SCHOOL	30,805	TO SUPPORT THE EARLY CHILDHOOD FAMILY EDUCATION PROGRAM.
(85) ISMAIL TRUCKING EXPRESS 801 7TH ST S APT 303 WAITE PARK,MN56387	85-2274412		25,000	DEED PROMISE ACT GRANT
(86) ISMS LLC PO BOX 194 NISSWA,MN56468	45-4362047		10,000	DEED PROMISE ACT GRANT
(87) JANAGALE TRANSPORTATION 2923 MAINE PRAIRIE RD APT 116 ST CLOUD,MN56301	88-2950973		25,000	DEED PROMISE ACT GRANT
(88) JOEL HINNENKAMP (DBA MID MINNESOTA EXCAVATING LLC) 222 BIRCH ST NORTH SAUK CENTRE,MN56378	46-3129468		25,000	DEED PROMISE ACT GRANT
(89) JUSTICE NORTH 230 W SUPERIOR STREET DULUTH,MN55802	41-0958386	501(C)(3)	30,000	TO REPRESENT FAMILIES IN HOUSING MATTERS, FAMILY LAW, AND VICTIMS OF ABUSE TO ENSURE THEY RECEIVE NEEDED PUBLIC BENEFITS.
(90) JV TOOLING INC 7652 COUNTY ROAD 47 ST CLOUD,MN56301	41-1957393		25,000	DEED PROMISE ACT GRANT
(91) KADAR TRUCKING LLC 2715 16TH STREET SOUTH ST CLOUD,MN56301	92-3924857		25,000	DEED PROMISE ACT GRANT
(92) KANDIYOHI COUNTY AREA FAMILY YOUNG MEN'S CHRISTIAN ASSOCIATION PO BOX 757 WILLMAR,MN56201	41-1908049	501(C)(3)	20,000	TO SUPPORT STAFFING AND SUPPLIES FOR ONGOING MEMBER SERVICES AND PROGRAMS.
(93) KASSON MANTORVILLE COMMUNITY EDUCATION 606 16TH ST NE KASSON,MN55944	41-6008530	SCHOOL	50,000	TO SUPPORT THE EXPANSION OF CURRENT PROGRAMMING TO EARLY EDUCATION STUDENTS.
(94) KINSHIP YOUTH MENTORING OF PRINCETON 604 3RD STREET S PRINCETON,MN55371	41-2004148	501(C)(3)	7,500	TO BRING TOGETHER INDIVIDUALS OF ALL AGES TO PREPARE A THEATRICAL PRODUCTION THAT WILL BE FREE TO MEMBERS OF THE COMMUNITY.
(95) KRUSE AVIATION 1101 19TH AVE SOUTH PRINCETON,MN55371	41-2005467		25,000	DEED PROMISE ACT GRANT
(96) LAKE CITY COMMUNITY EDUCATION WABASHA & GOODHUE COUNTIES 300 SOUTH GARDEN STREET LAKE CITY,MN55041	41-6008550	501(C)(3)	50,000	TO SUPPORT COMMUNITY EDUCATION PROGRAMS THAT HELP CHILDREN GROW AND THRIVE.
(97) LAKE REGION CHRISTIAN SCHOOL 7398 FAIRVIEW ROAD BAXTER,MN56425	41-6029149		34,500	TO SUPPORT THE MISSION OF THE ORGANIZATION
(98) LAKES & PINES COMMUNITY ACTION COUNCIL INC 1700 MAPLE AVENUE EAST MORA,MN55051	41-0900982	501(C)(3)	15,000	TO SUPPORT THE ORGANIZATIONS COMMITMENT TO FOSTERING A RESPECTFUL AND INCLUSIVE ENVIRONMENT.
(99) LEECH LAKE TRIBAL COLLEGE 6945 LITTLEWOLF ROAD NW CASS LAKE,MN56633	75-3061667	UNIT OF GOVERNMENT	25,000	TO SUPPORT PRODUCTION AND DISTRIBUTION OF QUALITY FOOD FOR THOSE IN NEED.
(100) LEECH LAKE TRIBAL COLLEGE 6945 LITTLEWOLF ROAD NW CASS LAKE,MN56633	75-3061667	UNIT OF GOVERNMENT	50,000	TO SUPPORT CLIMATE RESILIENCY THROUGH INDIGENOUS KNOWLEDGE AND FOOD SYSTEMS.
(101) LIGHTHOUSE BEGINNINGS 8055 INDUSTRIAL ROAD SUITE 100 BAXTER,MN56425	85-3552096	501(C)(3)	6,000	TO SUPPORT THE OPEN ARMS PROJECT WHICH PROVIDES A SUPPORTIVE, SOBER, SAFE ENVIRONMENT THAT WILL HELP PROVIDE INDIVIDUALS WITH SKILLS NEEDED TO BREAK THROUGH ROADBLOCKS IN THEIR RECOVERY.
(102) LINCOLN EVANGELICAL FREE CHURCH 1354 320TH STREET CUSHING,MN56443	41-1504228	CHURCH	50,000	TO SUPPORT THE MISSION OF THE ORGANIZATION
(103) LITTLE FALLS COMMUNITY SCHOOL DISTRICT ISD 482 14750 RIVERWOOD DRIVE LITTLE FALLS,MN56345	41-6002411	SCHOOL	5,900	TO SUPPORT MENTORING IN THE SCHOOLS
(104) LITTLE FALLS COMMUNITY SCHOOL DISTRICT ISD 482 14750 RIVERWOOD DRIVE LITTLE FALLS,MN56345	41-6002411	SCHOOL	24,000	TO SUPPORT THE SCHOLARSHIP PROGRAM
(105) LUTHERAN SOCIAL SERVICE - BAXTER YOUTH SHELTER 2485 COMO AVENUE ST PAUL,MN55108	41-0872993	501(C)(3)	10,000	TO SUPPORT THE CAMP KNUTSON CABIN REBUILD PROJECT.
(106) MAIN STREET TITLE & CLOSINGS LLC 1007 MAIN ST S SAUK CENTRE,MN56378	45-5545864		50,000	DEED PROMISE ACT GRANT
(107) MAINE PRAIRIE STUDIO 9037 155TH ST KIMBALL,MN55353	93-3540787		10,000	DEED PROMISE ACT GRANT
(108) MANKATO AREA PUBLIC SCHOOLS - CENTER FOR LEARNING 15 MAP DRIVE MANKATO,MN56001	41-1600551	SCHOOL	49,650	TO SUPPORT THE IMPROVEMENT OF EARLY SCREENING AND INTERVENTIONS FOR CHILDREN.
(109) MARSHALL AREA YMCA 200 S A ST MARSHALL,MN56258	41-1984589	501(C)(3)	20,000	TO SUPPORT COMMUNITY HEALTH AND QUALITY OF LIFE AMONG DISADVANTAGED INDIVIDUALS AND FAMILIES IN THE MARSHALL AREA.
(110) MARSHALL COUNTY GROUP HOMES INC PO BOX D ARGYLE,MN56713	51-0168426	501(C)(3)	50,000	TO PROVIDE TRANSPORTATION TO DAY PROGRAMS, EVENTS, APPOINTMENTS, GROCERY SHOPPING
(111) MCLEOD ALLIANCE PO BOX 393 HUTCHINSON,MN55350	41-1742743	501(C)(3)	10,000	TO SUPPORT AND PROMOTE THE ELIMINATION OF RELATIONSHIP VIOLENCE THROUGH EDUCATION, EMPOWERMENT, PROTECTION, AND ADVOCACY.
(112) MD EXPRESS 50 15TH AVE N APT 69 WAITE PARK,MN56387	93-3458251		25,000	DEED PROMISE ACT GRANT
(113) MILESTONES 314 10TH AVE S WAITE PARK,MN563871894	41-1321820	501(C)(3)	7,000	TO SUPPORT THE MISSION OF THE ORGANIZATION
(114) MILLE LACS COUNTY 635 2ND ST SE MILACA,MN56353	41-6005845	UNIT OF GOVERNMENT	10,000	TO IMPROVE ACCESS TO QUALITY CHILD CARE.
(115) MILLER TRUCKING INCORPORATED PO BOX 414 ISLE,MN56342	46-3234322		25,000	DEED PROMISE ACT GRANT
(116) MINNE MADE AND MORE 707 MAIN ST NW ELK RIVER,MN55330	87-3278991		25,000	DEED PROMISE ACT GRANT
(117) MINNESOTA DIVERSIFIED INDUSTRIES 3501 BROADWAY ST NE SUITE 100 MINNEAPOLIS,MN55413	41-0941924	501(C)(3)	30,000	TO SERVE PEOPLE WITH DISABILITIES BY OFFERING INCLUSIVE EMPLOYMENT OPPORTUNITIES AND SERVICES.
(118) MINNESOTA HUMANITIES CENTER 987 IVY AVENUE E SAINT PAUL,MN55106	41-1322769	501(C)(3)	15,000	TO SUPPORT THE SKETCHES OF MINNESOTA EVENTS
(119) MINNESOTA MAKERSPACE 1001 KINGWOOD ST BRAINERD,MN56401	84-3525087		10,000	DEED PROMISE ACT GRANT
(120) MIOZOTI NIEVES (DBA GENTLE DEER PROPERTIES) 207 BRIDGE ST S CLARISSA,MN56440	85-2684831		10,000	DEED PROMISE ACT GRANT
(121) MN COUNCIL OF CHURCHES 501 S 2ND ST MANKATO,MN56001	41-0693871	501(C)(3)	50,000	TO SUPPORT MCC'S COMMUNITY NAVIGATOR SERVICES.
(122) MOHAMED DAHIR DBA MUAD TRACKING 1550 6TH AVE S APT 65 ST CLOUD,MN56301	05-8557294		10,000	DEED PROMISE ACT GRANT
(123) NEW PATHWAYS INC PO BOX 366 CAMBRIDGE,MN55008	41-1945426	501(C)(3)	10,000	TO SUPPORT THE MISSION OF THE ORGANIZATION
(124) NEW PATHWAYS INC PO BOX 366 CAMBRIDGE,MN55008	41-1945426	501(C)(3)	45,000	TO SUPPORT THE PATH TO HOME SHELTER AND SUPPORTIVE HOUSING PROGRAMS.
(125) NORTH BRANCH AREA PUBLIC SCHOOLS 38272 BRANCH AVENUE NORTH BRANCH,MN55056	41-6008394	SCHOOL	7,500	TO SUPPORT THE APPRENTICE TEACH PILOT PROJECT.
(126) NORTH SHORE HORIZONS 127 7TH STREET GOLDEN VALLEY,MN55616	41-1451736	501(C)(3)	20,000	SUPPORT FOR CONTINUATION OF QUALITY PREVENTION AND INTERVENTION SERVICES FOR THOSE EXPERIENCING INTIMATE RELATIONSHIP ABUSE AND SEXUAL ASSAULT.
(127) NORTH STAR FAMILY ADVOCACY CENTER PO BOX 167 BRAHAM,MN55006	81-1609925	501(C)(3)	30,000	TO SUPPORT TRAUMA-INFORMED SERVICES FOR CHILD/VULNERABLE ADULT VICTIMS OF ABUSE.
(128) NORTHEAST ENTREPRENEUR FUND INC 202 W SUPERIOR STREET DULUTH,MN55802	36-3566632	501(C)(3)	9,000	TO SUPPORT THE EDUCATIONAL EFFORTS OF THE ORGANIZATION
(129) NORTHFIELD HEALTHY COMMUNITY INITIATIVE 1651 W JEFFERSON PKWY SUITE 128 NORTHFIELD,MN55057	26-2852506	501(C)(3)	50,000	TO SUPPORT THE HEALTHY COMMUNITY INITIATIVES COLLABORATIVE FAMILY ENGAGEMENT NAVIGATION PROGRAM.
(130) NORTHLAND AREA FAMILY SERVICE CENTER 320 EAGLE AVE NE REMER,MN56672	41-1851016	501(C)(3)	25,000	TO SUPPORT THE DIAPER HUB PROGRAM.
(131) NORTHLAND FOUNDATION SELLWOOD BUILDING DULUTH,MN558021944	41-1554455	501(C)(3)	10,000	TO SUPPORT ECONOMIC DEVELOPMENT
(132) NORTHLAND WOODCO LLC 124 E JAMES ST PAYNESVILLE,MN56362	84-2889610		25,000	DEED PROMISE ACT GRANT
(133) NORTHWOODS BATTERED WOMEN'S SHELTER PO BOX 563 BEMIDJI,MN56601	41-1333404	501(C)(3)	50,000	TO PROVIDE SHELTER AND SUPPORT SERVICES TO WOMEN WHO ARE FLEEING FROM DOMESTIC AND SEXUAL VIOLENCE.
(134) OASIS CENTRAL MINNESOTA 16545 HAVEN ROAD LITTLE FALLS,MN56345	41-1620395	501(C)(3)	60,000	TO SUPPORT EMERGENCY HOUSING AND HOUSING STABILITY SERVICES IN CENTRAL MN.
(135) OUR LADY OF GUADALUPE FREE CLINIC PO BOX 731 WORTHINGTON,MN56187	46-1425247	501(C)(3)	50,000	TO SUPPORT ACCESS TO QUALITY CARE FOR THE UNINSURED.
(136) PARENTING WITH GRACE INC 1201 1/2 STATE HWY 25 N BUFFALO,MN55313	88-1681471	501(C)(3)	7,500	FOR BOARD TRAINING AND COACHING
(137) PAUL BUNYAN SCENIC BYWAY ASSOCIATION PO BOX 401 PEQUOT LAKES,MN56472	41-1961720	501(C)(3)	7,000	TO SUPPORT COORDINATED PROMOTION OF THREE SCENIC BYWAYS THAT ALL BEGIN IN CENTRAL MINNESOTA.
(138) PEARL CRISIS CENTER PO BOX 42 MILACA,MN56353	41-1706195	501(C)(3)	73,000	TO SUPPORT VICTIMS OF DOMESTIC AND SEXUAL ABUSE.
(139) PHASE-INDUSTRIES 601 CLEVELAND ST S CAMBRIDGE,MN550081752	41-0963283	501(C)(3)	50,000	TO SUPPORT EMPLOYMENT AND TRANSPORTATION SERVICES TO STUDENTS AND ADULTS WITH DISABILITIES.
(140) PILLAGER SCHOOL DISTRICT (ISD #116) 323 E 2ND ST S PILLAGER,MN56473	41-6008234	SCHOOL	22,575	TO SUPPORT STUDENT SCHOLARSHIPS.
(141) PINE CITY SCHOOL DISTRICT 1400 MAIN ST S BEROUN,MN55063	41-6003156	SCHOOL	15,000	TO SUPPORT THE SCHOLARSHIP PROGRAM
(142) PINE COUNTY 635 NORTHRIDGE DRIVE NW BEROUN,MN55063	41-6005864	UNIT OF GOVERNMENT	15,000	TO SUPPORT PINE COUNTY'S STRATEGIC PLAN.
(143) PINE EMS INC 915 3RD AVE NW BEROUN,MN55063	27-0623362	501(C)(3)	6,500	PURCHASE A DEPENDABLE RESPONSE VEHICLE.
(144) PINE RIVER BAKERY PO BOX 815 PINE RIVER,MN56474	37-1486720		25,000	DEED PROMISE ACT GRANT
(145) PINE RIVER-BACKUS FAMILY CENTER PO BOX 1 PINE RIVER,MN56474	41-1851010	501(C)(3)	15,000	TO SUPPORT THE FARM TO FOOD SHELF INITIATIVE.
(146) PINE TECHNICAL & COMMUNITY COLLEGE FOUNDATION 900 4TH STREET SE BEROUN,MN55063	31-1666015	501(C)(3)	11,000	TO SUPPORT THE STUDENT REC CENTER.
(147) PRAIRIE FIRE LLC 22089 COUNTY 86 LONG PRAIRIE,MN56347	46-4833825		25,000	DEED PROMISE ACT GRANT
(148) PRAIRIE FIVE COMMUNITY ACTION COUNCIL INCORPORATED PO BOX 159 MONTEVIDEO,MN56265	41-0904802	501(C)(3)	50,000	TO SUPPORT THE CHIPPEWA COUNTY FOOD SHELF WHICH PROVIDES FOOD ACCESS AND NUTRITION ADVOCACY.
(149) PROGRAM TO AID VICTIMS OF SEXUAL ASSAULT (PAVSA) 32 E FIRST ST SUITE 200 DULUTH,MN55802	41-1350021	501(C)(3)	30,000	TO SUPPORT VICTIMS OF ALL GENDERS AGED 13 AND UP, EDUCATE THE COMMUNITY, AND ADVOCATE FOR CHANGE.
(150) RANGE TRANSITIONAL HOUSING 220 FIFTH STREET NORTH VIRGINIA,MN55792	41-1773248	501(C)(3)	35,000	TO HELP FUND CASE MANAGEMENT ACTIVITIES TO ASSIST HOMELESS FAMILIES ST. LOUIS COUNTY .
(151) RECOVERY COMMUNITY NETWORK 3400 1ST ST N STE 404 ST CLOUD,MN56303	35-2679675	501(C)(3)	60,000	TO ENHANCE WELLBEING THROUGH COMMUNITY RECOVERY SUPPORTS.
(152) RED LAKE NATION PO BOX 280 RED LAKE,MN56671		UNIT OF GOVERNMENT	75,000	TO SUPPORT THE RED LAKE HOMELESS SHELTER.
(153) RED WING IGNITE 419 BUSH ST RED WING,MN55066	46-1469707	501(C)(3)	25,800	TO SUPPORT A DIGITAL RESOURCE LIBRARY FOR ENTREPRENEURS IN SOUTHEAST MN.
(154) REGION FIVE DEVELOPMENT COMMISSION 200 1ST ST NE STE 2 STAPLES,MN56479	41-1238886	UNIT OF GOVERNMENT	20,000	TO SUPPORT DESIGN, PROJECT MANAGEMENT AND OTHER LABOR NEEDED TO INSTALL HIGH SPEED PUBLIC ELECTRIC VEHICLE CHARGING STATIONS IN THE CITIES OF WADENA AND CASS LAKE.
(155) RELATIONSHIP SAFETY ALLIANCE PO BOX 602 BRAINERD,MN56401	41-1324087	501(C)(3)	75,000	TO SUPPORT COMMUNITY-BASED ADVOCACY AND DOMESTIC VIOLENCE SHELTERS.
(156) REVERENCE FOR LIFE AND CONCERN FOR PEOPLE INC PO BOX 116 GRANITE FALLS,MN56241	41-0969859	501(C)(3)	20,000	TO SUPPORT PROJECT TURNABOUT, WHICH PROVIDES COMPREHENSIVE ADDICTION RECOVERY SERVICES AND SUPPORT TO INDIVIDUALS STRUGGLING WITH ADDICTION.
(157) RICE COUNTY NEIGHBORS UNITED OF NORTHFIELD 6 FAREWAY DR NORTHFIELD,MN55057	83-0875139	501(C)(3)	50,000	TO SUPPORT LOW-INCOME, IMMIGRANT, AND REFUGEE ENTREPRENEURS.
(158) RIVERS OF HOPE PO BOX 511 MONTICELLO,MN55362	41-1670536	501(C)(3)	7,500	FOR EXPANDING YOUTH EDUCATION PROGRAM.
(159) RMC INTERNATIONAL INC PO BOX 85 CROSBY,MN56441	38-4121676		25,000	DEED PROMISE ACT GRANT
(160) ROCK COUNTY OPPORTUNITIES INC PO BOX 626 LUVERNE,MN56156	41-0911814	501(C)(3)	15,000	TO PROVIDE SAFE AND ACCESSIBLE TRANSPORTATION TO SENIORS AND INDIVIDUALS WITH DISABILITIES.
(161) SAFE AVENUES PO BOX 568 WILLMAR,MN56201	41-1931304	501(C)(3)	50,000	TO PROVIDE ADVOCACY PARENTING TIME SERVICES AND EMERGENCY SHELTER FOR VICTIMS OF DOMESTIC AND SEXUAL VIOLENCE.
(162) SAFE FAMILIES FOR CHILDREN - WEST CENTRAL MN 4353 COUNTY RD 82 SE ALEXANDRIA,MN56308	45-3194102	501(C)(3)	50,000	TO SUPPORT FREE, VOLUNTARY, FAMILY-LIKE SUPPORT TO THOSE FACING A CRISIS IN OUR WEST CENTRAL REGION.
(163) SAINT BENEDICT'S MONASTERY 104 CHAPEL LANE ST JOSEPH,MN56374	41-0695523	CHURCH	7,500	FOR STUDENT SCHOLARSHIPS AT ST. BENEDICT'S UNIVERSITY.
(164) SAINT BENEDICT'S MONASTERY 104 CHAPEL LANE ST JOSEPH,MN56374	41-0695523	CHURCH	10,000	TO SUPPORT THE MISSION OF THE ORGANIZATION
(165) SAINT CLOUD STATE UNIVERSITY 720 4TH AVENUE SOUTH AS 101 ST CLOUD,MN56301	41-1687554	SCHOOL	10,000	TO HELP ESTABLISH A NEW CENTER AT ST. CLOUD STATE UNIVERSITY TO PROVIDE REGIONALLY-FOCUSED POLICY RESEARCH.
(166) SHARI ZIMMERMANN 410 WALLACE ST N DELANO,MN55328	99-1983599		10,000	DEED PROMISE ACT GRANT
(167) SIBLEY COUNTY FOOD SHARE PO BOX 676 ARLINGTON,MN55307	41-1442943	501(C)(3)	40,000	TO SUPPORT FOOD ACCESS IN SIBLEY COUNTY.
(168) SOCIETY OF ST VINCENT DE PAUL CROOKSTON DISTRICT COUNCIL 702 BELTRAMI AVE NW BEMIDJI,MN56601	82-2777706	501(C)(3)	10,000	TO PROVIDE THE BASIC NEEDS OF FOOD, CLOTHING, AND SHELTER TO THOSE IN NEED IN OUR COMMUNITY.
(169) SOMALI AMERICAN CULTURAL SOCIETY OF OWATONNA 201 E FRONT ST OWATONNA,MN55060	90-0746889	501(C)(3)	50,000	TO SUPPORT STUDENTS BY ADDRESSING INDIVIDUAL NEEDS AND OFFERING PERSONALIZED ACADEMIC SUPPORT.
(170) SOMETHING COOL INC PO BOX 99 MCGREGOR,MN55760	41-1941630	501(C)(3)	10,000	TO ENGAGE YOUTH FULLY IN THE LIFE OF THE COMMUNITY THROUGH EDUCATION, SERVICE, RECREATION AND BUSINESS OPPORTUNITIES.
(171) SOUTHERN GENTLEMEN'S BARBERSHOP 137 33RD AVE SOUTH ST CLOUD,MN56301	47-1517525		10,000	DEED PROMISE ACT GRANT
(172) SOUTHWEST CRISIS CENTER - WORTHINGTON PO BOX 111 WORTHINGTON,MN56187	41-1807048	501(C)(3)	25,000	TO SUPPORT INITIATIVES THAT CONNECT INDIVIDUALS & FAMILIES WITH COMMUNITY SUPPORT AND RESOURCES.
(173) SPICE OF LIFE TEA SHOP 820 W SAINT GERMAIN STREET ST CLOUD,MN56301	47-3696861		25,000	DEED PROMISE ACT GRANT
(174) SPROUT MN 609 13TH AVE NE SUITE 8 LITTLE FALLS,MN56345	46-1953536	501(C)(3)	25,000	TO SUPPORT PRODUCTION AND DISTRIBUTION OF QUALITY FOOD FOR THOSE IN NEED.
(175) SQUIRRELLY MAMA PO BOX 886 CROSSLAKE,MN56442	83-3205280		25,000	DEED PROMISE ACT GRANT
(176) ST CLOUD EXPERIMENTAL AIRCRAFT ASSOCIATION CHAPTER 551 PO BOX 335 SARTELL,MN563774601	41-1696390	501(C)(3)	5,176	TO SUPPORT THE SCHOLARSHIP PROGRAM
(177) STARE ACADEMY 13242 BERRYWOOD DR BAXTER,MN564259736	88-2050529	501(C)(3)	50,000	TO SUPPORT THE MISSION OF THE ORGANIZATION
(178) SUSTAINABLE FARMING ASSOCIATION OF MN 4924 UPTON AVE SOUTH MINNEAPOLIS,MN554101808	41-1671893	501(C)(3)	25,000	TO SUPPORT PRODUCTION AND DISTRIBUTION OF QUALITY FOOD FOR THOSE IN NEED.
(179) THE BROKEN BOLT 704 7TH ST HOWARD LAKE,MN55349	46-3808899		25,000	DEED PROMISE ACT GRANT
(180) THE CROSSING ARTS ALLIANCE PO BOX 348 BRAINERD,MN56401	41-1976625	501(C)(3)	25,000	DEED PROMISE ACT GRANT
(181) THE LINK 1210 GLENWOOD AVENUE MINNEAPOLIS,MN55405	41-1920649	501(C)(3)	25,000	TO SUPPORT THE MISSION OF THE ORGANIZATION
(182) THE LINK OF NORTHERN KANDIYOHI COUNTY PO BOX 823 NEW LONDON,MN56273	82-1911575	501(C)(3)	10,000	TO SUPPORT THE LINK'S FOSTER STITCHES PROGRAM TO SUPPORT A SPACE WHERE CHILDREN OF ALL AGES IN FOSTER CARE CAN "SHOP" FOR BASIC NEEDS ITEMS .
(183) THE YES NETWORK PO BOX 1042 ST CLOUD,MN56302	32-0419607	501(C)(3)	50,000	TO SUPPORT YOUTH MENTAL HEALTH AND WELLNESS.
(184) THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF WORTHINGTON MINNESOTA 1501 COLLEGEWAY WORTHINGTON,MN56187	41-6007569	501(C)(3)	20,000	TO SUPPORT EDUCATIONAL AND RECREATIONAL ACTIVITIES FOR YOUTH KINDERGARTEN THROUGH 8TH GRADE.
(185) THREE RIVERS COMMUNITY FOUNDATION 13880 BUSINESS CENTER DR ELK RIVER,MN55330		501(C)(3)	10,000	TO SUPPORT A HOUSING STUDY.
(186) THRIVE CHILD CARE AND FAMILY RESOURCE CENTER 400 5TH AVE SW ROCHESTER,MN55902	82-2612625	501(C)(3)	50,000	TO SUPPORT A PARENT EDUCATION SPECIALIST FOR FAMILIES ENROLLED AT THRIVE.
(187) TOO MUCH TALENT PO BOX 1996 ST CLOUD,MN56302	82-1717836	501(C)(3)	7,500	FOR STRATEGIC PLANNING TO EXPLORE OPENING AN AFRICAN AMERICAN BEAUTY SCHOOL.
(188) TOO MUCH TALENT PO BOX 1996 ST CLOUD,MN56302	82-1717836	501(C)(3)	25,000	TO SUPPORT YOUTH PROGRAMMING IN THE ST. CLOUD AREA.
(189) TRI-COMMUNITY MOVERS LIVING AT HOME BLOCK NURSE PROGRAM PO BOX 278 NEWFOLDEN,MN56738	41-2008114	501(C)(3)	7,500	TO HELP SENIOR CITIZENS TO REMAIN HEALTHY AND ACTIVE RESIDING IN THEIR OWN HOMES AND NEIGHBORHOOD AS LONG AS POSSIBLE
(190) TRITON PUBLIC SCHOOLS COMMUNITY EDUCATION 813 HIGHWAY ST W DODGE CENTER,MN55927	41-1718174	SCHOOL	18,000	TO SUPPORT THE PRESCHOOL AND ECFE PROGRAMS.
(191) TUSEN TACK PO BOX 214 BRAHAM,MN55006	41-1647405	501(C)(3)	34,000	TO SUPPORT THE ENGAGEMENT OF VOLUNTEERS AT TUSEN TACK.
(192) TUSEN TACK PO BOX 214 BRAHAM,MN55006	41-1647405	501(C)(3)	7,500	FOR A BRAHAM AREA HOUSING ANALYSIS.
(193) UNITED COMMUNITY ACTION PARTNERSHIP INC 1400 S SARATOGA ST MARSHALL,MN56258	41-0904860	501(C)(3)	75,000	TO SUPPORT PROGRAMS WHICH PROVIDE EMERGENCY SERVICES AND YOUTH DEVELOPMENT.
(194) UNITED WAY OF CARLTON COUNTY PO BOX 33 CLOQUET,MN55720	41-1358283	501(C)(3)	20,000	TO SUPPORT THE YOUTH HOMELESS "HOST HOMES" PROGRAM.
(195) UNITED WAY OF CENTRAL MINNESOTA 921 1ST STREET NORTH ST CLOUD,MN56303	41-0915124	501(C)(3)	15,000	TO SUPPORT BELONGING WORK IN SAINT CLOUD.
(196) UNITED WAY OF DOUGLAS AND POPE COUNTY 503 HAWTHORNE ST ALEXANDRIA,MN56308	23-7450908	501(C)(3)	7,500	FOR A PILOT BACKPACK ATTACH PROGRAM FOR FOOD-INSECURE FAMILIES IN THE LONG PRAIRIE COMMUNITY.
(197) UNRULY ACRES LLC 33605 PARK TRL CENTER CITY,MN550127619	83-4600577		25,000	DEED PROMISE ACT GRANT
(198) VERNDALE FAMILY LIFE CHURCH OF THE ASSEMBLIES OF GOD 402 NE CLARK DR VERNDALE,MN56481	42-1696989	CHURCH	10,000	TO FIGHT FOOD INSECURITY IN RURAL MINNESOTA.
(199) VERNDALE FAMILY LIFE CHURCH OF THE ASSEMBLIES OF GOD 402 NE CLARK DR VERNDALE,MN56481	42-1696989	CHURCH	15,000	TUITION GRANTS FOR STUDENTS
(200) VETERAN RESILIENCE PROJECT P O BOX 1057 MINNETONKA,MN55345	47-3066936	501(C)(3)	20,000	TO PROVIDE ESSENTIAL TRAUMA THERAPY SERVICES FOR VETERANS AND SERVICE MEMBERS IN NORTHERN MINNESOTA.
(201) VIVA TOBACCO & MORE LLC 321 1ST ST S LONG PRAIRIE,MN56347	86-1732220		50,000	DEED PROMISE ACT GRANT
(202) VOLUNTEERS IN EDUCATION P O BOX 668 VIRGINIA,MN55792	45-0578555	501(C)(3)	20,000	SUPPORT OPERATIONS OF A VOLUNTEER TUTORING PROGRAM IN RURAL NORTHEASTERN MINNESOTA
(203) WARREN SOS 110 WEST JOHNSON AVE SUITE 1 WARREN,MN56762	20-4143322	501(C)(3)	13,000	TO SUPPORT SENIOR PROGRAMS, SERVICES, AND WORKSHOPS AND TRAININGS FOR VOLUNTEERS AND CAREGIVERS.
(204) WHAT WOULD BRI DO 406 GREAT OAK DRIVE WAITE PARK,MN56387	47-2299318	501(C)(3)	7,500	FOR A FEASIBILITY STUDY FOR EXPANSION OF BRI'S LODGE.
(205) WHITEFISH AREA PROPERTY OWNERS ASSOCIATION PO BOX 342 CROSSLAKE,MN564420342	41-1290645	501(C)(3)	14,900	TO SUPPORT THE MISSION OF THE ORGANIZATION
(206) WILDERNESS HEALTH 326 11TH AVENUE TWO HARBORS,MN55616	46-5482766	501(C)(3)	40,000	TO DISTRIBUTE RESOURCES LIKE HYGIENE AND DENTAL KITS TO BEGIN TO ADDRESS SOCIAL DETERMINANTS OF HEALTH TO OUR PATIENTS IN NEED.
(207) WIRTH CENTER FOR THE PERFORMING ARTS PO BOX 162 ST CLOUD,MN56302	41-1515198	501(C)(3)	50,000	DEED PROMISE ACT GRANT
(208) WOMEN'S RURAL ADVOCACY PROGRAMS PO BOX 1193 MARSHALL,MN56258	41-1831918	501(C)(3)	15,000	TO PROVIDE SAFETY, ADVOCACY, AND ASSISTANCE FOR THOSE VICTIMIZED BY DOMESTIC VIOLENCE, SEXUAL VIOLENCE AND SEX TRAFFICKING/EXPLOITATION IN SOUTHWEST MINNESOTA.
(209) WRECK-LESS DRIVING ACADEMY 13221 JOHNSON STREET BECKER,MN55308	82-0890221		50,000	DEED PROMISE ACT GRANT
(210) WRIGHT COUNTY COMMUNITY ACTION INC 130 WEST DIVISION STREET MAPLE LAKE,MN55358	41-0904809	501(C)(3)	40,000	TO SUPPORT PROGRAMMING THAT HELPS AGING ADULTS REMAIN INDEPENDENT IN THEIR HOMES.
(211) YA SURE KOMBUCHA 216 S 8TH ST BRAINERD,MN56401	84-3818495		25,000	DEED PROMISE ACT GRANT
(212) YOUTH EMERGENCY SHELTER AND SUPPORTS 37698 NORTH PARK DR PARK RAPIDS,MN56470	92-3347905	501(C)(3)	25,000	TO HELP YOUTH IN HUBBARD COUNTY COMMUNITIES BY PROVIDING A SAFE AND SUPPORTIVE ENVIRONMENT WHO ARE IN CRISIS OR IN NEED OF EMERGENCY SHELTER.
(213) ZEITGEIST CENTER 222 E SUPERIOR ST SUITE 323 DULUTH,MN55802	20-6424699	501(C)(3)	25,000	TO PROVIDE COMMUNITY CONNECTIONS TO SERVE THE HILLSIDE COMMUNITY OF DULUTH.
(214) ABDULLAHI M MUSSE 1521 7TH STREET SOUTH APT H204 WAITE PARK,MN56387	84-9531107		25,000	DEED PROMISE ACT GRANT

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

140

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) Rev. 1-2025

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) STIPENDS	9	270,000
(2) SCHOLARSHIPS	35	26,750
(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:	GRANTS ARE GENERALLY MADE LOCALLY WITHIN OUR 14 COUNTY SERVICE AREA. AS PART OF THE FINAL GRANT REPORT, THE GRANTEE MUST SUBMIT A FINANCIAL REPORT WITH ITEMIZATION OF GRANT EXPENSES.
PART I, LINE 2	AS PART OF THE FINAL GRANT REPORT, THE GRANTEE SUBMITS A FINANCIAL REPORT WITH ITEMIZATION OF GRANT FUND EXPENDITURES AND ASSOCIATED DOCUMENTATION.

Schedule I (Form 990) Rev. 1-2025

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic

Attach to Form 990.
medium right arrow graphic

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

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

INITIATIVE FOUNDATION

Employer identification number

36-3451562

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 .....

Yes

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? ....

Yes

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? .........

Yes

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) (Rev. 1-2025)

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)
1BRIAN VOERDING PRESIDENT	(i) (ii)	165,828 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	28,057 ------------- 0	193,885 ------------- 0	0 ------------- 0
2DON HICKMAN VP FOR COMMUNITY & WORKFORCE (FORMER	(i) (ii)	148,367 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	27,540 ------------- 0	175,907 ------------- 0	0 ------------- 0

Schedule J (Form 990) (Rev. 1-2025)

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
PART I, LINE 1A	FOR PERSONAL USE OF COMPANY VEHICLE.
PART I, LINE 1B	THERE ARE INTERNAL PROCEDURES TO ADDRESS TREATMENT OF THESE EXPENSES.

Schedule J (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

INITIATIVE FOUNDATION

Employer identification number

36-3451562

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No
(1) MATEO MACKBEE	TRUSTEE	FROM INITIATIVE FOUNDATION TO KREWE		X	73,000	44,938		No	Yes		Yes
(2) MATEO MACKBEE	TRUSTEE	FROM INITIATIVE FOUNDATION TO FLOWER AND FLOWER		X	50,000	30,779		No	Yes		Yes


Total ............... $						75,717

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

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

Cat. No. 50056A

Schedule L (Form 990) (Rev. 1-2025)

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) CARRIE WILLIS	TRUSTEE	45,554	CONTRIBUTIONS TO DONOR ADVISED FUND		No
(2) CARRIE WILLIS	TRUSTEE	50,787	GIFT OF UNITS FOR FUND		No
(3) CARRIE WILLIS	TRUSTEE	120,000	CONTRIBUTIONS FOR INITIATIVE FOUNDATION PROGRAM		No
(4) CARRIE WILLIS	TRUSTEE	200,000	INVESTMENT IN GRANITE VIA INVESTMENT PORTFOLIO		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation

Schedule L (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)
(Rev. January 2025)
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.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization

INITIATIVE FOUNDATION

Employer identification number

36-3451562

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PROVIDED TO THE FULL BOARD ELECTRONICALLY AS PART OF MONTHLY BOARD MEETING MATERIALS.
FORM 990, PART VI, SECTION B, LINE 12C	BOARD MEETINGS BEGIN WITH A QUESTION ASKING MEMBERS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. BUSINESS FINANCE COMMITEEE AND GRANT TEAM MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST PRIOR TO DISCUSSING GRANT APPLICATIONS AND RECUSE THEMSELVES. FINANCE APPROVES ALL PAYMENTS AND CONSIDERS POTENTIAL FOR CONFLICTS OF INTEREST. ANNUALLY, ALL DONATION AND PAYMENT TRANSACTIONS ARE REVIEWED BY FINANCE.
FORM 990, PART VI, SECTION B, LINE 15	A COMPENSATION STUDY WAS CONDUCTED BY AN EXTERNAL FIRM IN 2021. A REVIEW OF MARKET COMPENSATION FOR COMPARABLE FOUNDATIONS PLUS OTHER MINNESOTA INITIATIVE FOUNDATIONS IS CONDUCTED ANNUALLY. MARKET COMPENSATION STUDIES ARE REVIEWED FROM THE MINNESOTA COUNCIL ON FOUNDATIONS AND COUNCIL OF FOUNDATIONS. SHRM RESOURCES ARE ALSO USED ALONG WITH TEMP AGENCY COMPENSATION WAGE REFERENCES.
FORM 990, PART VI, SECTION C, LINE 19	THE FOUNDATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE WITHIN THE ANNUAL REPORT OR UPON REQUEST. THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC.

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

Cat. No. 51056K

Schedule O (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

INITIATIVE FOUNDATION

Employer identification number

36-3451562

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

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?
(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	Yes	No
(1)INITIATIVE FOUNDATION IMPACT FUND 405 FIRST STREET SE LITTLE FALLS,MN56345 93-3064878	LENDING	MN	501(C)(3)	LINE 7	INITIATIVE FOUNDATION	Yes

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

Cat. No. 50135Y

Schedule R (Form 990) (Rev. 1-2025)

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	(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
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

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?
(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	Yes	No

Schedule R (Form 990) (Rev. 1-2025)

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

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 .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

Yes

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

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
(1) INITIATIVE FOUNDATION IMPACT FUND	B	2,000,000	INCOME STATEMENT
(2) INITIATIVE FOUNDATION IMPACT FUND	Q	93,802	INCOME STATEMENT

Schedule R (Form 990) (Rev. 1-2025)

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)	(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
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) (Rev. 1-2025)

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) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	7,171,446	10,289,793
9	Program service revenue (Part VIII, line 2g) .........	804,000	1,143,410
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	1,931,465	3,681,994
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	124,992	100,043
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	10,031,903	15,215,240
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	4,292,882	9,989,131
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)	2,880,051	3,179,522
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 705,503
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	2,189,243	2,544,590
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	9,362,176	15,713,243
19	Revenue less expenses. Subtract line 18 from line 12.......	669,727	-498,003
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	109,008,159	114,684,187
21	Total liabilities (Part X, line 26).............	8,449,199	8,768,053
22	Net assets or fund balances. Subtract line 21 from line 20.....	100,558,960	105,916,134

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 4,462,559 including grants of $ 3,594,000 ) (Revenue $ 215,150 )
	COMMUNITYCHILDCARE SOLUTIONS: THE CHILDCARE SOLUTIONS PROGRAM ENHANCES COMMUNITY AND WORKFORCE DEVELOPMENT THROUGH ACCESS TO AFFORDABLE, QUALITY CHILDCARE. IN 2024, $275,000 WAS ALLOCATED TO PARTNER ORGANIZATIONS TO FOSTER ECONOMIC GROWTH THROUGH EXPANDED CHILDCARE OPTIONS AND A SKILLED EARLY CHILDHOOD WORKFORCE. THE FOUNDATION FUNDED EFFORTS IN 10 CENTRAL MINNESOTA COMMUNITIES TO DEVELOP AND IMPLEMENT STRATEGIC PLANS ADDRESSING THE CHILDCARE SHORTAGE. THESE COMMUNITIES RECEIVED SPECIALIZED CHILDCARE CONSULTING AND TECHNICAL ASSISTANCE TO EXPLORE NEW PARTNERSHIPS AND CREATIVE SOLUTIONS WITH THE PUBLIC AND PRIVATE SECTORS. AS A RESULT, NEW CHILDCARE SUPPORT PROGRAMS WERE CREATED WITH EMPLOYERS, LOCAL UNITS OF GOVERNMENT, AND COMMUNITY ORGANIZATIONS. THESE EFFORTS RESULTED IN 10 CHILDCARE CENTERS OPENING MORE THAN 350 NEW SLOTS. ADDITIONALLY, 80 FAMILY CHILDCARE BUSINESSES WERE ESTABLISHED OR INCREASED THE NUMBER OF SLOTS, CREATING OVER 150 NEW CHILDCARE SLOTS IN THE REGION. FUNDING TO ATTRACT, TRAIN, AND MAINTAIN THE EARLY CARE WORKFORCE RESULTED IN SUPPORT FOR MORE THAN 700 EARLY CARE PROFESSIONALS. PRELIMINARY DESIGN BIDS TO CREATE OR EXPAND BUSINESSES, TRAINING AND SUPPORT TO ENHANCE BUSINESS PRACTICES, AS WELL AS OTHER DEVELOPMENTAL AND SAFETY TRAINING TO INCREASE QUALITY RATING SCORES AND EARLY POTENTIAL WERE FUNDED. THE THREE LOCAL REGIONAL COMMUNITY COLLEGES COLLABORATED ON EARLY CHILDHOOD WORKFORCE INITIATIVES, ENABLING STUDENTS TO OBTAIN SCHOLARSHIPS TO RECEIVE CREDENTIALS TO ENTER THE FIELD OR ADVANCE THEIR CAREERS.COMMUNITY RESILIENCY: OUR LONG-STANDING SUPPORT FOR ECONOMIC TRANSITION ASSOCIATED WITH THE DECOMMISSIONING OF THE SHERBURNE COUNTY COAL GENERATION STATION CONTINUES TO YIELD BENEFITS FOR BECKER AND OTHER SURROUNDING COMMUNITIES. OUR MOST RECENT PILOT PROJECT SUPPORTED AN ANALYSIS OF THE COST BENEFIT OF ENERGY INVESTMENTS AT ELK RIVER (SHERBURNE COUNTY) AND WALKER (CASS COUNTY) FOOD SHELVES. THIS ANALYSIS WILL HELP BOTH PARTNERS SECURE GRANTS FOR INSTALLATION SO THEY CAN QUICKLY RETIRE ANY DEBT AND GENERATE REVENUE. GRANTMAKING: OUR DISCRETIONARY GRANTMAKING DELIVERED OVER $365,000. WE SERVED AS THE STATE-WIDE ADMINISTRATIVE HUB FOR THE 2024 ROUND OF OTTO BREMER TRUST COMMUNITY RESPONSIVE FUND WHICH TOTALED $3 MILLION. WE AWARDED OVER $600,000 IN MINNESOTA MAIN STREET ECONOMIC REVITALIZATION GRANTS TO BUSINESSES WITHIN QUALIFIED COMMUNITIES. THE INVESTMENTS SERVED AS MATCHING FUNDS TO SPUR PRIVATE REINVESTMENT IN DOWNTOWNS.NONPROFIT DEVELOPMENT: THE NONPROFIT ACADEMY SUITE OF PROGRAMS, INCLUDING EXECUTIVE ROUNDTABLE, VIBRANT AND EQUITABLE COMMUNITIES COHORTS, FUNDRAISING SUMMITS, CONTINUOUS IMPROVEMENT, AND VARIOUS SINGLE-DAY TRAININGS AND LUNCHTIME LEARNING SESSIONS, SERVED 260 TOTAL ORGANIZATIONS AND MORE THAN 457 UNIQUE PARTICIPANTS ACROSS THE REGION. COHORT TRAININGS FOCUSED ON ORGANIZATIONS LED BY AND SERVING UNDERSERVED COMMUNITIES. IN 2024, THE NONPROFIT ACADEMY PROGRAM PROVIDED CONSULTING, TRAINING, AND SERVED AS A TRUSTED INTERMEDIARY TO AWARD ALMOST $1 MILLION IN GRANTS TO SUPPORT SPECIFIC REGIONAL NONPROFIT PROJECTS. NONPROFIT ACADEMY FURTHER REFINED THE FOUNDATION'S CONTINUOUS IMPROVEMENT PROGRAM, OPENING THE TRAINING TO LOCAL GOVERNMENT UNITS AND NONPROFIT ORGANIZATIONS.

4b	(Code: ) (Expenses $ 4,290,802 including grants of $ 2,981,797 ) (Revenue $ 965,243 )
	ECONOMYLENDING: THE INITIATIVE FOUNDATION DEPLOYED 39 ECONOMIC DEVELOPMENT AND SMALL BUSINESS LOANS TOTALING $5,679,497. THE LENDING PROGRAM PROVIDES CAPITAL TO UNDERSERVED ENTREPRENEURS AND UNDERINVESTED COMMUNITIES, FROM MICROLOANS UNDER $50,000 TO LARGE GAP LOANS WITH THE POTENTIAL TO EXCEED $500,000. THIS FLEXIBILITY ALLOWS THE FOUNDATION TO SERVE STARTUPS TO ESTABLISHED BUSINESSES. LENDING IS FOCUSED ON GIVING ENTREPRENEURS A FAIR OPPORTUNITY AT WEALTH-BUILDING AND CREATING HIGH-QUALITY JOBS AND LOCALLY OWNED BUSINESSES. THE FOUNDATION MAINTAINS A WHOLLY OWNED SUBSIDIARY, THE INITIATIVE FOUNDATION IMPACT FUND, FOCUSED ON CDFI ACTIVITIES. THE IMPACT FUND DEPLOYED 12 LOANS TOTALING $829,528 USING INITIATIVE FOUNDATION STAFF THROUGH A MANAGEMENT SERVICES AGREEMENT. INITIATORS FELLOWSHIP: THE INITIATORS FELLOWSHIP IS A ONE-OF-A-KIND RURAL SOCIAL ENTERPRISE PROGRAM SERVING 53 COUNTIES AND SIX NATIVE NATIONS IN GREATER MINNESOTA. IT IS DEPLOYED IN PARTNERSHIP WITH THE SOUTHWEST INITIATIVE FOUNDATION, WEST CENTRAL INITIATIVE, AND NORTHWEST MINNESOTA FOUNDATION. THE PROGRAM HAS GRANTED 27 FELLOWSHIPS SINCE INCEPTION WITH PARTICIPANTS BENEFITING FROM MORE THAN $1.5 MILLION IN DIRECT PROGRAM INVESTMENTS RANGING FROM STIPENDS TO PROFESSIONAL DEVELOPMENT TO MENTORSHIP. IT HAS LEVERAGED OVER $5 MILLION IN OUTSIDE INVESTMENTS. THE FELLOWSHIP HAS BENEFITED FROM OVER 700 VOLUNTEER MENTORING AND ADVISING HOURS. THESE GREATER MINNESOTA LEADERS ARE BUILDING ECONOMIES AND IMPROVING QUALITY OF LIFE IN THEIR TOWNS BY DEVELOPING PURPOSE-DRIVEN BUSINESSES AND NONPROFIT ORGANIZATIONS.ENTERPRISE ACADEMY AND SMALL BUSINESS SUPPORT: THE ENTERPRISE ACADEMY PROGRAM PROVIDESBUSINESS TRAINING, ONE-ON-ONE TECHNICAL ASSISTANCE, AND LENDING TOUNDERSERVED ENTREPRENEURS. WE HAVE SERVED OVER 5,700 ENTREPRENEURS SINCE 2018. THIS INCLUDES 284 GRADUATES FROM ENTERPRISE ACADEMY, A 12-WEEK INTENSIVE BUSINESS TRAINING PROGRAM. IN 2024, THE PROGRAM GRADUATED COHORTS IN THE REGIONS OF SAINT CLOUD, LONG PRAIRIE, AND THE MILLE LACS TRIBAL ECONOMY. THE PROGRAM IS ONE OF THE FEW IN GREATER MINNESOTA DEDICATED TO ACCELERATING THE SUCCESS OF UNDERSERVED ENTREPRENEURS WITH COMPREHENSIVE SUPPORT AND TRAINING. IN 2024, PROGRAMS PROVIDED OVER 3,600 HOURS OF FREE ONE-ON-ONE AND GROUP BUSINESS COACHING TO MORE THAN 440 ENTREPRENEURS.WORKFORCE DEVELOPMENT: ATTRACTION, DEVELOPMENT, AND RETENTION OF A SKILLED WORKFORCEAREA PRIMARY INTEREST TO EMPLOYERS THROUGHOUT OUR REGION. TO SUPPORT GROWTH AND THE DEVELOPMENT OF TECHNOLOGY, TOOLS AND PROGRAMS TO ATTRACT AND RETAIN SKILLED WORKERS, THE FOUNDATION PROVIDED FUNDING AND OTHER SUPPORTS FOR LOCAL INITIATIVES, LINKING FUNDERS, EDUCATIONAL INSTITUTIONS, AND EMPLOYERS.

4c	(Code: ) (Expenses $ 4,813,568 including grants of $ 3,413,335 ) (Revenue $ 0 )
	GENEROSITYPARTNER FUNDS: THE FOUNDATION'S 131 PARTNER FUNDS DELIVERED 351 GRANTS FOR OVER $1.4 MILLION IN AWARDS. THE AVERAGE GRANT IN 2024 WAS $4,079. TOTAL GRANTMAKING INCREASED IN 2024 COMPARED TO 2023 BOTH IN THE AGGREGATE AND AVERAGE GRANT AWARD. DONATIONS TO PARTNER FUNDS TOTALED $1,394,824 INCLUDING $605,200 TO ENDOWMENTS, $242,288 TO QUASI-ENDOWED FUNDS, $313,086 TO NON-ENDOWED FUNDS, AND $234,250 IN EVENTS REVENUE.

	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	IQ MAGAZINE: THE FOUNDATION PUBLISHED TWO EDITIONS OF IQ MAGAZINE IN 2024. THE MAGAZINE PROVIDES INCLUSIVE, SOLUTIONS-BASED EDITORIAL CONTENT AND PHOTOGRAPHY TO PROMOTE PROGRAMS, PARTNERSHIPS, OUTREACH EFFORTS, AND REGIONAL/STATEWIDE INITIATIVES THAT FOCUS ON ECONOMIC DEVELOPMENT, COMMUNITY DEVELOPMENT AND GENEROSITY. IQ MAGAZINE'S ROLE IN FILLING THE GROWING VOID AS TRADITIONAL NEWS OUTLETS SHRINK OR DISAPPEAR FROM THE MEDIA LANDSCAPE. IT IS THE LARGEST CIRCULATION PUBLICATION IN CENTRAL MINNESOTA.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses13,566,929

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	432,043	0	86,007

(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 0

1	Briefly describe the organization’s mission or most significant activities: TO EMPOWER PEOPLE TO BUILD THRIVING COMMUNITIES AND A VIBRANT REGION ACROSS CENTRAL MINNESOTA.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	15
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	15
5	Total number of individuals employed in calendar year 2024 (Part V, line 2a) ......	5	34
6	Total number of volunteers (estimate if necessary) .............	6	226
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	51,599
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

(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/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) TIM NELSON........................................................................ TRUSTEE	1.00 .......................	X	0	0	0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c	92,532
d	Related organizations		1d
e	Government grants (contributions)		1e	4,428,207

f	All other contributions, gifts, grants, and similar amounts not included above		1f	5,769,054

g	Noncash contributions included in lines 1a - 1f:$		1g	2,613

h Total. Add lines 1a-1f.......		10,289,793

		Business Code
2a	REVOLVING LOAN INTEREST	522100	752,826	752,826
b	LOAN ADMIN FEE	900099	212,417	212,417
c	MANAGEMENT FEES	900099	93,802	93,802
d	EVENTS AND WORKSHOP REGISTRATIONS	900099	84,365	84,365
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		1,143,410

3 Investment income (including dividends, interest, and othersimilar amounts) ......			2,373,226			2,373,226
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a	4,940
b	Less: rental expenses	6b	0
c	Rental income or (loss)	6c	4,940
d	Net rental income or (loss).......			4,940	4,940
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a	13,078,884	2,324
b	Less: cost or other basis and sales expenses	7b	11,763,145	9,295
c	Gain or (loss)	7c	1,315,739	-6,971
d	Net gain or (loss).........			1,308,768			1,308,768
8a	Gross income from fundraising events (not including $ 92,532of contributions reported on line 1c). See Part IV, line 18 ....
			8a	47,406
b	Less: direct expenses ...		8b	35,945
c	Net income or (loss) from fundraising events..			11,461			11,461
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
11a	ADVERTISING		541860	51,599		51,599
b	OTHER INCOME		900099	32,043	32,043
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			83,642
12	Total revenue. See instructions.....			15,215,240	1,180,393	51,599	3,693,455

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	9,692,381	9,692,381
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	296,750	296,750
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 ...........	519,049	35,569	226,782	256,698
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........	1,969,543	1,268,054	565,503	135,986
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	107,254	56,184	34,146	16,924
9	Other employee benefits .......	404,776	214,342	126,584	63,850
10	Payroll taxes ...........	178,900	93,715	56,956	28,229
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	38,152	31,331	6,821
c	Accounting ...........	59,854	600	59,254
d	Lobbying ...........	2,500		2,500
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	110,864	110,864
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	969,310	873,995	3,830	91,485
12	Advertising and promotion ....	39,342	21,983	15,148	2,211
13	Office expenses .......	90,997	39,283	30,404	21,310
14	Information technology ......	383,892	197,937	143,001	42,954
15	Royalties ..
16	Occupancy ...........	91,433	59,999	20,908	10,526
17	Travel ............	78,362	56,068	14,015	8,279
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	29,015	20,051	5,001	3,963
20	Interest ...........	17,253	17,253
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	54,189	33,417	13,816	6,956
23	Insurance ...	19,639	10,564	6,036	3,039
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	BAD DEBTS DEOBLIGATIONS	183,519	177,760		5,759
b	IQ MAG/ANNUAL REPORT	130,859	129,273	1,586
c	RECRUITING/OTHER PERSON	99,696	10,534	89,051	111
d	PARTNER FUND/EVENT EXPE	92,987	92,987
e	All other expenses	52,727	26,035	19,469	7,223
25	Total functional expenses. Add lines 1 through 24e	15,713,243	13,566,929	1,440,811	705,503
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 ........			9,890,703	1	7,376,256
2	Savings and temporary cash investments .........			508,100	2	679,213
3	Pledges and grants receivable, net ......			2,756,617	3	2,002,114
4	Accounts receivable, net .............			77,320	4	129,320
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 .......
				85,628	5	75,717
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 ...........			10,494,986	7	10,455,153
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			168,739	9	212,248
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	2,861,948
b	Less: accumulated depreciation	10b	1,259,225	1,655,203	10c	1,602,723
11	Investments—publicly traded securities .			64,351,437	11	71,690,924
12	Investments—other securities. See Part IV, line 11 .....			18,524,426	12	20,161,949
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			495,000	15	298,570
16	Total assets. Add lines 1 through 15 (must equal line 33)...			109,008,159	16	114,684,187

17	Accounts payable and accrued expenses .....	486,848	17	556,242
18	Grants payable ...	1,175,407	18	262,966
19	Deferred revenue .........	3,155,428	19	1,960,901
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D	2,162,694	21	2,797,877
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 ..	426,380	23	398,807
24	Unsecured notes and loans payable to unrelated third parties ..	1,042,442	24	1,321,441
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	0	25	1,469,819
26	Total liabilities. Add lines 17 through 25..	8,449,199	26	8,768,053

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	54,486,706	27	57,901,107
28	Net assets with donor restrictions ...........	46,072,254	28	48,015,027
	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 ...........	100,558,960	32	105,916,134
33	Total liabilities and net assets/fund balances ........	109,008,159	33	114,684,187