Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
A For the 2024 calendar year, or tax year beginning 07-01-2024 , and ending 06-30-2025
BCheck if applicable:
CName of organization
SOUTHWEST INITIATIVE FOUNDATION
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
15 3RD AVE NW
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HUTCHINSON, MN55350
D Employer identification number

41-1555592
E Telephone number

G Gross receipts $ 34,206,415
F Name and address of principal officer:
SCOTT MARQUARDT
15 3RD AVE NW
HUTCHINSON,MN55350
I
Tax-exempt status: (   ) (insert no.) or
J
Website:
WWW.SWIFOUNDATION.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number  
K Form of organization:  
L Year of formation: 1986
M State of legal domicile: MN
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: OUR MISSION IS CONNECTING PEOPLE, INVESTING IN IDEAS AND BUILDING COMMUNITIES.
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 6
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 6
5 Total number of individuals employed in calendar year 2024 (Part V, line 2a) ...... 5 25
6 Total number of volunteers (estimate if necessary) ............. 6 300
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 6,475,047 7,273,469
9 Program service revenue (Part VIII, line 2g) ......... 539,606 644,846
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 4,521,886 6,712,546
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 81,005 81,005
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 11,617,544 14,711,866
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 4,883,898 5,602,139
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) 2,180,473 2,411,358
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) 380,990    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 2,999,619 3,392,542
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 10,063,990 11,406,039
19 Revenue less expenses. Subtract line 18 from line 12....... 1,553,554 3,305,827
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 114,617,884 123,441,507
21 Total liabilities (Part X, line 26)............. 9,939,559 9,197,950
22 Net assets or fund balances. Subtract line 21 from line 20..... 104,678,325 114,243,557
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



Phone no.
May the IRS discuss this return with the preparer shown above? See Instructions. ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2024)
Form 990 (2024)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: SOUTHWEST INITIATIVE FOUNDATION'S (SWIF'S) ORIGINAL MISSION WAS TO STRENGTHEN SOUTHWEST MINNESOTA IN THREE WAYS: IMPROVING THE REGION'S ECONOMIC SELF-RELIANCE, OVERCOMING HUMAN DISTRESS, AND PROMOTING REGIONAL LEADERSHIP COORDINATION AND PARTNERSHIPS. THE FOUNDATION CONTINUES TO ADDRESS THESE BROAD AREAS AND SERVE AS A PARTNER THROUGH BUSINESS FINANCE AND ECONOMIC DEVELOPMENT, GRANTMAKING AND COMMUNITY PROGRAMMING, AND COMMUNITY GIVING AND PHILANTHROPY.THE LASTING OUTCOME OF THIS WORK IS ECONOMIC MOBILITY FOR ALL PEOPLE IN SOUTHWEST MINNESOTA TO ATTAIN A REASONABLE STANDARD OF LIVING, EXPERIENCE THE DIGNITY THAT COMES FROM HAVING POWER AND AUTONOMY OVER THEIR LIVES, AND BE ENGAGED IN AND VALUED BY THEIR COMMUNITY.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 1,844,129 including grants of $ 678,631 ) (Revenue $ 644,846 )
SEE SCHEDULE OCOMMUNITY IMPACT: THE SOUTHWEST INITIATIVE FOUNDATION (SWIF) PROVIDES GRANTS AND PROGRAMS TO CREATE OPPORTUNITIES FOR ALL PEOPLE TO THRIVE IN OUR LOCAL COMMUNITIES. OUR GRANTMAKING, PROACTIVE PROGRAMMING AND COMMUNITY LED BELONGING ACTIVITIES HELP CREATE OPPORTUNITIES FOR ALL PEOPLE TO THRIVE IN THE COMMUNITIES THEY CALL HOME. THROUGH THESE EFFORTS, WE CAN LEAD INDIVIDUALS AND COMMUNITIES TO THRIVE.SWIF CONTINUES WORK IN GROWING LOCAL: AN EIGHT-MONTH TRAINING PROGRAM DESIGNED TO HELP UP-AND-COMING LEADERS DISCOVER AND BUILD UPON THEIR UNIQUE STRENGTHS SO THEY CAN MAKE A DIFFERENCE IN THEIR COMMUNITIES. THIS PROGRAM HELPS CULTIVATE A VITAL LEADERSHIP PIPELINE IN SOUTHWEST MINNESOTA BY SUPPORTING BOARDS, COMMISSIONS, AND COMMITTEES WITH LEADERS WHO REFLECT THE MAKEUP OF THEIR COMMUNITIES. THE INITIAL COHORT GRADUATED 14 PARTICIPANTS, AND THE SECOND COHORT GRADUATED 13.SWIF SUPPORTS WELCOMING WEEK EFFORTS ACROSS SOUTHWEST MINNESOTA, RANGING FROM 6 TO 16 COMMUNITIES. THROUGH THIS, ORGANIZATIONS AND COMMUNITIES BRING TOGETHER NEIGHBORS OF ALL BACKGROUNDS TO BUILD STRONG CONNECTIONS AND AFFIRM THE IMPORTANCE OF WELCOMING AND INCLUSIVE PLACES IN ACHIEVING COLLECTIVE PROSPERITY. SWIF PROVIDES FUNDING AND SUPPORT FOR WELCOMING WEEK CELEBRATIONS IN COMMUNITIES ACROSS OUR REGION AS A PART OF OUR MEMBERSHIP IN WELCOMING AMERICA, THE NATIONAL ORGANIZATION LEADING WELCOMING WEEK.SWIF EXPANDED THE WELCOMING AND INCLUSIVE COMMUNITIES PROJECT TO LAC QUI PARLE COUNTY. THIS PROGRAM HELPS COMMUNITY MEMBERS BUILD RELATIONSHIPS AND LEARN INCLUSIVE COMMUNITY PRACTICES WHILE GROWING THEIR LOCAL NETWORK OF "WELCOMERS" WHO ARE PASSIONATE ABOUT INCLUDING EVERYONE. COMMUNITIES APPLY TO BE PART OF THE PROJECT AND THEN PARTICIPATE IN MONTHLY COHORT MEETINGS TO SHARE TOOLS, SKILLS, AND STRATEGIES FOR WELCOMING AND INCLUSION.THE TEAM ALSO WORKS TO IMPROVE COMMUNITY WELL-BEING BY SUPPORTING YOUTH AND FAMILIES AND IMPROVING MENTAL HEALTH RESOURCES AND AWARENESS. THIS INCLUDES BEING A PARTNER IN THE SUICIDE AWARENESS CAMPAIGNS, AND CRISIS SUPPORT AND RESPONSE. SWIF ALSO SERVES THE REGIONAL NONPROFITS BY PROVIDING NONPROFIT TECHNICAL ASSISTANCE AND TRAINING TO BUILD CAPACITY AND SUPPORT THE ORGANIZATIONS' DEVELOPMENT.GRANTMAKING IS AT THE HEART OF OUR ROLE AS A COMMUNITY FOUNDATION. WE ACCEPT GRANT APPLICATIONS ON AN ONGOING BASIS AS WELL AS PROVIDING DEFINED GRANT ROUNDS THROUGHOUT THE YEAR. WE ALSO SERVE AS A PHILANTHROPIC INTERMEDIARY TO BRING ADDITIONAL GRANT DOLLARS INTO OUR REGION THROUGH PARTNER FOUNDATIONS.SWIF IS 1 OF 23 COMMUNITY FOUNDATIONS ACROSS A 10-STATE NETWORK PARTICIPATING IN A PHILANTHROPIC PREPAREDNESS, RESILIENCY, AND EMERGENCY PARTNERSHIP. WE CONTINUE TO USE THE BEST PRACTICES LEARNED THROUGH THIS NETWORK IN DISASTER RESPONSE RECOVERY WORK WITHIN OUR REGION AS NEEDS ARISE.SWIF'S PAUL AND ALMA SCHWAN AGING TRUST ENDOWMENT FUND PROMOTES PRODUCTIVE AGING IN SOUTHWEST MINNESOTA. ESTABLISHED IN 1991, THIS IS A KEY EXAMPLE OF LEGACY AND IMPACT DONORS CAN MAKE THROUGH SWIF. IT CONTINUES TO FUND AGE-FRIENDLY COMMUNITY WORK LAUNCHED IN 2016 IN PARTNERSHIP WITH THE MINNESOTA RIVER AREA AGENCY ON AGING AND THE PRAIRIE FIVE COMMUNITY ACTION. THIS FUND ALSO SUPPORTS A RESPONSIVE GRANT FUND FOR COMMUNITY PROJECTS THAT REDUCE SOCIAL ISOLATION AND LONELINESS FOR SENIOR CITIZENS IN SOUTHWEST MINNESOTA BY FOSTERING SOCIAL CONNECTIONS.
4b (Code:   ) (Expenses $ 3,320,870 including grants of $ 2,811,844 ) (Revenue $   )
COMMUNITY FOUNDATION PROGRAM: SEE SCHEDULE O.SOUTHWEST INITIATIVE FOUNDATION'S COMMUNITY FOUNDATION PROGRAM SETS UP GEOGRAPHICALLY FOCUSED FUNDS CALLED AFFILIATE FOUNDATIONS. THESE FUNDS HELP KEEP CHARITABLE DONATIONS IN SOUTHWEST MINNESOTA AND DIRECT THEM TO LOCAL NEEDS. SINCE 1999, THE PROGRAM HAS GRANTED APPROXIMATELY $10 MILLION TO SUPPORT COMMUNITIES IN THE REGION.THE PROGRAM INCLUDES 31 AFFILIATE FOUNDATIONS. EACH IS LED BY A VOLUNTEER ADVISORY BOARD OF LOCAL RESIDENTS. THESE VOLUNTEERS DECIDE WHICH PROJECTS TO SUPPORT AND HELP CONNECT DONATIONS WITH COMMUNITY NEEDS. EXAMPLES OF FUNDED PROJECTS INCLUDE IMPROVING PARKS, FIXING SWIMMING POOLS, PROVIDING FOOD FOR CHILDREN AND FAMILIES, SUPPORTING STUDENT LEARNING ACTIVITIES, AND OTHER LOCAL PROGRAMS. BY COMBINING LOCAL LEADERSHIP WITH PROFESSIONAL SUPPORT, THE PROGRAM MAKES CHARITABLE DOLLARS GO FURTHER.SWIF HELPS AFFILIATES WITH ADMINISTRATION, FINANCES, AND INVESTMENTS. IT ALSO PROVIDES THE LEGAL AND TAX STRUCTURE NEEDED FOR COMPLIANCE AND DONOR CONFIDENCE. NEW AFFILIATES TAKE PART IN LAUNCH MEETINGS TO LEARN ABOUT THEIR RESPONSIBILITIES. ALL AFFILIATES RECEIVE ONGOING GUIDANCE IN PLANNING, FUNDRAISING, MARKETING, GOVERNANCE, AND MAKING GRANTS.THE PROGRAM MANAGES MORE THAN 120 TYPES OF FUNDS THESE INCLUDE DONOR-ADVISED FUNDS, EMPLOYEE HARDSHIP FUNDS, EDUCATION FOUNDATIONS, AGENCY ENDOWMENTS, FIELD-OF -INTEREST FUNDS, AND SCHOLARSHIP FUNDS. DONOR-ADVISED FUNDS CAN BE ENDOWED OR NON- ENDOWED. THEY LET DONORS GIVE INPUT ON HOW THESE GRANTS ARE DISBURSED WHILE SWIF HANDLES THE ADMINISTRATIVE WORK.ALL SWIF FUNDS CAN RECEIVE DONATIONS IN MANY FORMS, INCLUDING CASH, STOCKS, REAL ESTATE, FARMLAND, AND PLANNED GIFTS SUCH AS CHARITABLE GIFT ANNUITIES AND BEQUESTS. FARMLAND CAN REMAIN IN FARMING THROUGH SWIF'S "KEEP IT GROWING" PROGRAM GIVING DONORS A WAY TO SUPPORT THE COMMUNITY WHILE KEEPING LAND PRODUCTIVE.THROUGH THIS PROGRAM, SWIF CONNECTS PEOPLE WHO WANT TO GIVE WITH THE RESOURCES COMMUNITIES NEED. THE AFFILIATE STRUCTURE KEEPS CHARITABLE DOLLARS LOCAL, SUPPORTING SCHOOLS, NONPROFITS, PARKS, AND OTHER PROGRAMS. THESE EFFORTS HELP COMMUNITIES ACROSS SWIF'S 18-COUNTY SERVICE AREA GROW STRONGER AND THRIVE OVER TIME.
4c (Code:   ) (Expenses $ 4,441,494 including grants of $ 2,111,664 ) (Revenue $   )
ECONOMIC DEVELOPMENT: SEE SCHEDULE O.SOUTHWEST INITIATIVE FOUNDATION PROVIDES FLEXIBLE AND INNOVATIVE ECONOMIC DEVELOPMENT FINANCE SOLUTIONS FOR BUSINESS RETENTION, EXPANSION, STARTUP, AND OWNERSHIP SUCCESSION PROJECTS THROUGH ITS BUSINESS FINANCE PROGRAM AND ITS MICRO ENTERPRISE LOAN PROGRAM. ITS FINANCING PROGRAMS SUPPORT PROJECTS IN THE RETAIL, SERVICE, MANUFACTURING, CHILD CARE, HOSPITALITY, AND OTHER SECTORS, WITH A SPECIAL INTEREST IN SUPPORTING PROJECTS IN FOOD AND AGRICULTURE MANUFACTURING, RENEWABLE ENERGY, AND BIOSCIENCE. IN ADDITION, THE MICRO ENTERPRISE LOAN PROGRAM PROVIDES VALUABLE TECHNICAL ASSISTANCE FOR BORROWERS IN THE AREAS OF BUSINESS MANAGEMENT AND OPERATIONS, FINANCE AND ACCOUNTING, AND MARKETING. SWIF IS ESPECIALLY INTERESTED IN OPPORTUNITIES TO SUPPORT POPULATIONS THAT HAVE BEEN HISTORICALLY UNDERINVESTED IN BY THE MARKETPLACE, INCLUDING WOMEN, BIPOC ENTREPRENEURS, VETERANS, PEOPLE WITH DISABILITIES, AND LOW-INCOME PEOPLE.SWIF ALSO OPERATES THE INITIATE PROSPERITY WEBSITE (IN PARTNERSHIP WITH NORTHERN ECONOMIC INITIATIVES CORPORATION) WWW.INITIATEPROSPERITY.ORG, WHICH PROVIDES COMPREHENSIVE TECHNICAL ASSISTANCE RESOURCES, INCLUDING INTERACTIVE TOOLS, TEMPLATES, VIDEOS, AND GUIDES.SWIF IS A LENDER FOR THE MINNESOTA EMERGING ENTREPRENEUR LOAN PROGRAM THROUGH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT. IN ADDITION TO BEING A MICRO LENDER THROUGH THE U.S. SMALL BUSINESS ADMINISTRATION (SBA), THE RURAL MICRO ENTREPRENEUR ASSISTANCE PROGRAM LENDER THROUGH THE U.S. DEPARTMENT OF AGRICULTURE (USDA). SWIF IS ALSO A GRANTOR FOR THE MINNESOTA MAIN STREET ECONOMIC REVITALIZATION PROGRAM, IN ADDITION TO BEING A PARTNER FOR THE ELEVATE COMMUNITY BUSINESS ACADEMY AS PART OF THE RISING TIDE CAPITAL NETWORK.CHILD CARE IS THE FASTEST-GROWING ECONOMIC DEVELOPMENT ISSUE FACING OUR REGION. SWIF HAS DEVELOPED A MULTIFACETED RESPONSE FOCUSED ON FIVE ASPECTS: PROJECT INVESTMENT AND TECHNICAL ASSISTANCE, COMMUNITY PLANNING, PROFESSIONAL DEVELOPMENT, PUBLIC POLICY, AND PUBLIC RELATIONS.SWIF HAS SUPPORTED PROFESSIONAL DEVELOPMENT OF THE REGION'S ECONOMIC DEVELOPMENT PROFESSIONALS, IN ADDITION TO SPONSORING ECONOMIC DEVELOPMENT RELATED PROGRAMMING, EVENTS, AND RELATIONSHIP BUILDING OPPORTUNITIES. SWIF HAS ALSO SERVED AS A CONVENER, FACILITATOR, FUNDER, ADVOCATE, AND/OR PROGRAM ADMINISTRATOR FOR PROJECTS RELATED TO CAREER PATHWAYS AND CHILDCARE. OUR RURAL COMMUNITIES FACE UNIQUE CHALLENGES AS WELL AS OPPORTUNITIES TO COLLABORATE AROUND THESE AND OTHER ISSUES. KEY ISSUES FACING OUR REGION'S ECONOMIC DEVELOPMENT INCLUDE CHILDCARE, HOUSING, AND BROADBAND.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expenses9,606,493
Form 990 (2024)
Form 990 (2024)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment
List of Attached Documents:
// Content
.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment
List of Attached Documents:
// Content
...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment
List of Attached Documents:
// Content
.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment
List of Attached Documents:
// Content
.........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment
List of Attached Documents:
// Content
..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
Yes
 
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment
List of Attached Documents:
// Content
.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
List of Attached Documents:
// Content
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
List of Attached Documents:
// Content
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
List of Attached Documents:
// Content
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
List of Attached Documents:
// Content
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or 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? If "Yes," complete Schedule L, Part II...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part III.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
List of Attached Documents:
// Content
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................Click to see attachment
List of Attached Documents:
// Content
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............Click to see attachment
List of Attached Documents:
// Content
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
List of Attached Documents:
// Content
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
List of Attached Documents:
// Content
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
120
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
 
 
Form 990 (2024)
Form 990 (2024)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
25
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country:
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
 
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2024)
Form 990 (2024)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
6
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
6
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
 
No
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
CA , FL , MN
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
ORGANIZATION15 3RD AVE NW   HUTCHINSON,MN55350 (320) 587-4848
Form 990 (2024)
Form 990 (2024)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

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

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

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/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
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) MARY CHRISTINE ROCK......................................................................
BOARD CHAIR
 4.00
.................
  		X   X       0 0 0
(2) DANIEL GREVE......................................................................
VICE CHAIR
 4.00
.................
  		X   X       0 0 0
(3) ERICA VOLKIR......................................................................
BOARD MEMBER
 4.00
.................
  		X           0 0 0
(4) TERRY GAALSWYK......................................................................
SECRETARY
 4.00
.................
  		X   X       0 0 0
(5) THERESA ZASKE......................................................................
BOARD MEMBER
 4.00
.................
  		X           0 0 0
(6) THOMAS BRAKKE......................................................................
TREASURER
 4.00
.................
  		X   X       0 0 0
(7) SCOTT MARQUARDT......................................................................
PRESIDENT
 50.00
.................
  		    X       142,054 0 41,727
(8) MARGIE NELSEN......................................................................
CFO
 50.00
.................
  		    X       119,486 0 10,054
(9) NANCY FASCHING......................................................................
VP OF COMMUNITY IMPACT
 50.00
.................
  		        X   109,241 0 30,890
(10) MELISSA MAIERS......................................................................
CHIEF ADMINISTRATIVE OFFICER
 50.00
.................
  		        X   122,207 0 12,668
(11) AMY WOITALEWICZ......................................................................
BUSINESS FINANCE DIRECTOR
 50.00
.................
  		        X   100,883 0 40,967












Form 990 (2024)
Form 990 (2024)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/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
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;


























1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 593,871 0 136,306
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 5
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
REDPATH CONSULTING GROUP LLC

400 S 4TH ST STE 401-13
MINNEAPOLIS,MN554151411 		SALESFORCE SOFTWARE MANAGEMENT 124,883
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 1
Form 990 (2024)
Form 990 (2024)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and similar amounts not included above1f 7,273,469
g Noncash contributions included in lines 1a - 1f:$ 1g 500,125
h Total. Add lines 1a-1f....... 7,273,469
Program Service RevenueAmt Business Code
2a LOAN INTEREST INCOME 900099 555,159 555,159    
b OTHER PROGRAM INCOME 900099 76,231 76,231    
c LOAN ADMIN FEE 900099 13,456 13,456    
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f ..... 644,846
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 6,222,665     6,222,665
4 Income from investment of tax-exempt bond proceeds        
5 Royalties...........        
(i) Real (ii) Personal
6a Gross rents 6a 81,005  
b Less: rental expenses 6b 0  
c Rental income or (loss) 6c 81,005  
d Net rental income or (loss)....... 81,005     81,005
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 19,984,430  
b Less: cost or other basis and sales expenses 7b 19,494,549  
c Gain or (loss) 7c 489,881  
d Net gain or (loss)......... 489,881     489,881
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..        
OtherRevenueMiscAmt
Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......  
12 Total revenue. See instructions..... 14,711,866 644,846 0 6,793,551
Form 990 (2024)
Form 990 (2024)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 5,562,583 5,562,583
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 39,556 39,556
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 ........... 806,295 465,734 278,576 61,985
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........ 1,227,914 766,022 338,392 123,500
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 77,580 47,965 21,928 7,687
9 Other employee benefits ....... 162,764 89,685 57,270 15,809
10 Payroll taxes ........... 136,805 82,381 41,860 12,564
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 95,091 76,354 11,274 7,463
c Accounting ........... 80,419 64,574 9,534 6,311
d Lobbying ........... 6,509 5,469 840 200
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 363,506   363,506  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 554,617 372,435 139,222 42,960
12 Advertising and promotion .... 6,687 5,659 285 743
13 Office expenses ....... 114,867 62,820 24,840 27,207
14 Information technology ...... 6,565 2,294 1,382 2,889
15 Royalties ..        
16 Occupancy ........... 52,516 30,273 17,940 4,303
17 Travel ............ 162,654 130,539 12,290 19,825
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 29,109 28,663 360 86
20 Interest ........... 31,035 30,246 637 152
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 165,670 95,245 56,823 13,602
23 Insurance ... 38,715 22,429 13,143 3,143
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 PROGRAM DELIVERY 1,034,188 1,028,188   6,000
b BAD DEBT EXPENSE 206,552 206,552    
c SPONSORSHIP 119,889 117,831 1,664 394
d AGENCY TRANSACTION EXPE 84,365 84,365    
e All other expenses 239,588 188,631 26,790 24,167
25 Total functional expenses. Add lines 1 through 24e 11,406,039 9,606,493 1,418,556 380,990
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).        
Form 990 (2024)
Form 990 (2024)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 3,600 1 3,600
2 Savings and temporary cash investments ......... 880,423 2 1,361,303
3 Pledges and grants receivable, net ...... 3,212,735 3 2,152,729
4 Accounts receivable, net ............. 0 4 5,333
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6  
7 Notes and loans receivable, net ........... 11,241,527 7 11,241,162
8 Inventories for sale or use ............   8  
9 Prepaid expenses and deferred charges ...... 111,403 9 116,346
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 4,310,130
b Less: accumulated depreciation 10b 2,212,500 2,190,486 10c 2,097,630
11 Investments—publicly traded securities . 86,917,537 11 96,385,317
12 Investments—other securities. See Part IV, line 11 ..... 9,954,577 12 9,971,796
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 105,596 15 106,291
16 Total assets. Add lines 1 through 15 (must equal line 33)... 114,617,884 16 123,441,507
Liabilities 17 Accounts payable and accrued expenses ..... 592,317 17 645,421
18 Grants payable ... 1,976,278 18 642,222
19 Deferred revenue ......... 488,568 19 341,239
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D 2,007,182 21 2,222,962
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 .. 1,121,564 23 1,645,871
24 Unsecured notes and loans payable to unrelated third parties ..   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 3,753,650 25 3,700,235
26 Total liabilities. Add lines 17 through 25.. 9,939,559 26 9,197,950
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 34,919,400 27 40,683,145
28 Net assets with donor restrictions ........... 69,758,925 28 73,560,412
Organizations that do not follow FASB ASC 958, check here right arrow 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 ........... 104,678,325 32 114,243,557
33 Total liabilities and net assets/fund balances ........ 114,617,884 33 123,441,507
Form 990 (2024)
Form 990 (2024)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
14,711,866
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
11,406,039
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
3,305,827
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
104,678,325
5
Net unrealized gains (losses) on investments ...............
5
6,378,053
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-118,648
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
114,243,557
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2024)
Form 990 (2024)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
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
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................  
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total
 
   
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2024

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) right arrow (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.") .. 8,969,349 11,533,461 10,905,312 6,475,047 7,273,469 45,156,638
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 8,969,349 11,533,461 10,905,312 6,475,047 7,273,469 45,156,638
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. 5,268,711
6 Public support. Subtract line 5 from line 4. 39,887,927
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
7 Amounts from line 4.. 8,969,349 11,533,461 10,905,312 6,475,047 7,273,469 45,156,638
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 2,120,591 6,917,496 2,814,994 4,511,302 6,303,670 22,668,053
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..            
11 Total support. Add lines 7 through 10 67,824,691
12
12
 
13
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
14
14
58.810 %
15
15
56.410 %
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
b
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
b
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
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990) 2024

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) right arrow (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) right arrow (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.)..            
14
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
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
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
b
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
20
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

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
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer 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).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
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).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined 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.
9b
 
 
c
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.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described on 11a above?
11b
 
 
c
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
No
1
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.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in 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.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described 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.
2b
 
 
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    
Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 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  
7
Schedule A (Form 990) 2024

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
Schedule A (Form 990) 2024


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
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
SOUTHWEST INITIATIVE FOUNDATION
  		Employer identification number
41-1555592
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 
 
 
  ,    

$ RESTRICTED


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
SOUTHWEST INITIATIVE FOUNDATION
  		Employer identification number

41-1555592
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
SOUTHWEST INITIATIVE FOUNDATION
  		Employer identification number

41-1555592
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  
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 arrowGo 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
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

2
Political campaign activity expenditures. See instructions ....................................................................right arrow
$  
3
Volunteer hours for political campaign activities. See instructions ..................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................right arrow
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................right arrow
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... right arrow
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................right arrow

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........right arrow

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
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

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 arrowexpenses, and share of excess lobbying expenditures).
B Check right arrow
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(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? ...................................................................................................................

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


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
No
(b)
Amount
1
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:
a
Volunteers? ...........................................................................................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
Yes
 
c
Media advertisements? ...................................................................................................
 
No
 
d
Mailings to members, legislators, or the public? .............................................................................
 
No
 
e
Publications, or published or broadcast statements? ...........................................................
 
No
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
 
No
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
No
 
i
Other activities? ...................................................................................................................
 
No
 
j
Total. Add lines 1c through 1i ....................................................................................................
0
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
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
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
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."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
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? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures. See Instructions .........................................
5
 
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
PART II-B, LINE 1: TESTIFIED AT STATE LEGISLATIVE HEARINGS ON BEHALF OF FUNDING BILLS THAT WOULD SUPPORT DEVELOPMENT OF RURAL CHILD CARE SERVICES, AND INVESTMENTS IN RURAL ECONOMIC AND WORKFORCE DEVELOPMENT PROGRAMS.
Schedule C (Form 990) 2024


Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow 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
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year ......... 33 313
2 Aggregate value of contributions to (during year) 375,672 3,142,074
3 Aggregate value of grants from (during year) 471,892 5,130,247
4 Aggregate value at end of year ........ 8,492,071 109,351,493
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under 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.
b
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 $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
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)

Schedule D (Form 990) (Rev. 1-2025)
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance .... 68,512,965 62,995,987 56,667,037 67,222,638 54,745,386
b Contributions ... 798,433 693,204 3,736,326 1,102,480 1,156,537
c Net investment earnings, gains, and losses 11,344,422 7,960,523 5,443,856 -8,906,232 13,944,769
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		3,416,957 3,136,750 2,851,232 2,751,849 2,624,054
f Administrative expenses ....          
g End of year balance ...... 77,238,863 68,512,965 62,995,987 56,667,037 67,222,638
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow29.440 %
b
Permanent endowment right arrow62.890 %
c
Term endowment right arrow7.670 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
No
(ii) Related organizations .................
3a(ii)
 
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....   1,015,000 1,015,000
b Buildings ....   1,716,299 789,931 926,368
c Leasehold improvements   234,429 226,310 8,119
d Equipment ....   1,344,402 1,196,259 148,143
e Other .....        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 2,097,630
Schedule D (Form 990) (Rev. 1-2025)

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) DONATED REAL ESTATE HELD AS INVESTMENT		 2,124,500 C

(B) FARMLAND WITH LIFE ESTATE		 5,884,585 C

(C) INVESTMENT HELD IN TRUST		 1,729,491 C

(D) CHARITABLE REMAINDER TRUST		 233,220 C
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow 9,971,796
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.)right arrow  
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.)...........right arrow  
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  
INVESTMENT TRUST LIABILITY 333,456
LIFE ESTATE LIABILITY 3,051,751
ANNUITY PAYABLE 30,599
SPLIT INTEREST AGREEMENT OBLIGATION 233,220
LEASE LIABILITY 51,209




Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 3,700,235
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)

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 X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE INCOME TAX LAWS. THE FOUNDATION IS A NONPRIVATE FOUNDATION AND CONTRIBUTIONS TO THE FOUNDATION QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. SWIF REAL ESTATE HOLDINGS LLC AND SOUTHWEST MINNESOTA COMMUNITY CAPITAL ARE 100% OWNED AND ARE CONSIDERED DISREGARDED ENTITIES FOR TAX PURPOSES. IT IS THE POLICY OF THE FOUNDATION, IN ACCORDANCE WITH GAAP, TO ASSESS ANY UNCERTAIN TAX PROVISIONS AND, IF NECESSARY, RECORD A TAX ASSET OR LIABILITY AND THE RELATED INCOME TAX EXPENSE, FOR ANY UNCERTAIN TAX PROVISIONS. THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR UNRELATED BUSINESS INCOME. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
PART IV, LINE 2B ASSETS HELD ON DONOR'S BEHALF AT JUNE 30, 2025 CONSISTS OF 22 FUNDS IN WHICH THE BENEFICIARIES WERE DESIGNATED BY THE DONOR AT THE TIME THE FUNDS WERE ESTABLISHED. THEREFORE, THE FOUNDATION HAS NO CONTROL OVER THE DISTRIBUTION OF THESE FUNDS.
PART V, LINE A THE SWIF GENERAL ENDOWMENT FUND IS ACCESSED THROUGH BOARD APPROVAL, GUIDED BY A SPENDING POLICY THAT ALLOWS RESOURCES TO BE USED TO SUPPLEMENT PROGRAM ACTIVITIES AND OPERATIONAL EXPENSES. OTHER DESIGNATED ENDOWED FUNDS ARE DIRECTED TO GRANTS AND EXPENSES RELATED TO THE DONOR'S ORIGINAL INTENT.
Schedule D (Form 990) (Rev. 1-2025)


Additional Data


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SCHEDULE F(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right arrow Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.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
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the region (d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in the region		 (f) Total expenditures
for and investments
in the region
CENTRAL AMERICA AND THE CARIBBEAN     INVESTMENTS   10,481,397
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total .... 0 0 10,481,397
b Total from continuation sheets to Part I ... 0 0 0
c Totals (add lines 3a and 3b) 0 0 10,481,397
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
 
3 Enter total number of other organizations or entities .......................MediumBullet
 
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.
ReturnReference Explanation
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) (Rev. 1-2025)
Additional Data


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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
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number
41-1555592
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) 2B CONTINUED
PO BOX 24
GLENCOE,MN553360024 		84-2398238 501(C)(3) 11,000 0     TEEN MENTAL HEALTH FIRST AID TRAINING, GENERAL OPERATIONS.
(2) ACE OF SOUTHWEST MINNESOTA
2401 BROADWAY AVE
SLAYTON,MN561721167 		41-1242095 501(C)(3) 74,500 0     IVANHOE LOCAL FRESH PRODUCE, IVANHOE AFA DEMENTIA EXPERIENCE, CAREGIVER BASKETS, 2025 GENERAL OPERATING SUPPORT.
(3) AHMED A OMAR
208 W MAIN ST
MARSHALL,MN562581389 		86-1604414   25,000 0     PROMISE GRANT PROGRAM
(4) AMERICAN LEGION POST 186
PO BOX 124
OLIVIA,MN562770124 		41-6036959 501(C)(19) 10,000 0     PROMISE GRANT PROGRAM
(5) AMERICAN RED CROSS SOUTHWEST MINNESOTA
421 E HICKORY ST STE 403
MANKATO,MN560012637 		53-0196605 501(C)(3) 33,800 0     SOUTHWEST MINNESOTA COMMUNITY NATURAL DISASTER RECOVERY
(6) AP RENTALS OF MN LLC
PO BOX 118
BELGRADE,MN563120118 		85-1825047   37,189 0     AP RENTALS 2 - MSERP
(7) ARTHUR J LEHRER
22513 COUNTY HIGHWAY 1
CLEMENTS,MN562241035 		81-2215584   10,000 0     PROMISE GRANT PROGRAM
(8) AUGUSTANA UNIVERSITY
2001 S SUMMIT AVE
SIOUX FALLS,SD571970001 		46-0224588   11,479 0     SCHOLARSHIP SUPPORT, 2025 STUDENTS SCHOLARSHIPS.
(9) BECKEL'S CHEAPSCAPES LLC
109 POND DR
JACKSON,MN561433798 		47-6047111   25,000 0     PROMISE GRANT PROGRAM
(10) BLACK DIAMOND INDUSTRIES LLC
611 GRACE ST
MURDOCK,MN562717926 		83-4723271   25,000 0     PROMISE GRANT PROGRAM
(11) BLUE AND GOLD EDUCATIONAL FOUNDATION OF DISTRICT 891
108 SAINT OLAF AVE N
CANBY,MN562201372 		41-1522315 501(C)(3) 32,570 0     FY2025 DISBURSEMENT, FY25 DISBURSEMENT-MILLER MEMORIAL.
(12) BMR SALVAGE LLC
235 200TH AVE SW
APPLETON,MN562082021 		92-3188624   25,000 0     PROMISE GRANT PROGRAM
(13) BRACEGUY PROPERTIES LLC
306 BECKER AVE SW
WILLMAR,MN562013341 		45-5325878   5,591 0     BRACEGUY PROPERTIES - MSERP
(14) BULLET PROOF MECHANICAL SERVICE INC
321 FERRING ST
WILLMAR,MN562013651 		45-3307146   47,771 0     BULLET PROOF MECHANICAL - MSERP
(15) C AND B LLC
1020 HIGHWAY 71 NE STE 102
WILLMAR,MN562012695 		45-5088770   54,750 0     PROMISE GRANT PROGRAM
(16) CAMBRIDGE TECHNOLOGIES LLC
1525 BIOSCIENCE DR STE 3
WORTHINGTON,MN561871182 		41-4216027   30,000 0     CAMBRIDGE TECHNOLOGIES - MSERP
(17) CCM HEALTH
824 N 11TH ST
MONTEVIDEO,MN562651629 		41-6008775   19,462 0     MEDICAL STAFF SERVICE DEPARTMENT
(18) CHRIST LUTHERAN CHURCH
126 FRONT ST
COTTONWOOD,MN562292289 		41-0804981 501(C)(3) 12,400 0     MISSION POSSIBLE SERVICE PROJECTS, THE CHRISTMAS GIVING TREE, COTTONWOOD FOOD PANTRY, HENDRICKS FOOD SHELF.
(19) CHRISTIANSON PLLP
302 5TH ST SW
WILLMAR,MN562013214 		41-1781145   6,774 0     CHRISTIANSON PLLP - MSERP
(20) CHRISTOPHER SCHULTZ
34251 CSAH 17
WATKINS,MN553896155 		47-3968126   10,000 0     PROMISE GRANT PROGRAM
(21) CITY OF APPLETON
323 W SCHLIEMAN AVE STE 1
APPLETON,MN562081231 		41-6004938 CITY OF APPLETON 19,500 0     BENCH AND TRASH RECEPTACLES, APPLETON HOUSING TECHNICAL ASSISTANCE.
(22) CITY OF BALATON
PO BOX 388
BALATON,MN561150388 		41-6004955 CITY OF BALATON 20,061 0     COMMUNITY CENTER OVEN, HOLIDAY DECORATION LIGHTS, FY25 DISBURSEMENT BALATON PARKS, FIRE DEPARTMENTS TURNOUT GEAR, COMMUNITY CENTER SOUND PANELS, LAKE YANKTON PIER.
(23) CITY OF CANBY
110 OSCAR AVE N
CANBY,MN562201332 		41-6005031 CITY OF CANBY 6,000 0     COMMUNITY CENTER ADA PROJECT
(24) CITY OF CLARKFIELD
PO BOX 278
CLARKFIELD,MN562230278 		41-6005042 CITY OF CLARKFIELD 12,666 0     CLARKFIELD CARDINAL DAYS, CLARKFIELD PRAIRIE CARDINALS HOLIDAY EVENTS, CLARKFIELD FOOD SHELF, FIRE DEPARTMENT, LIGHT POLES HANGERS, CLARKFIELD LIBRARY.
(25) CITY OF COTTONWOOD
PO BOX 106
COTTONWOOD,MN562290106 		41-6005075 CITY OF COTTONWOOD 8,075 0     FIRE DEPARTMENT, IMPROVEMENTS FOR VETERAN'S MEMORIAL PARK, COTTONWOOD AMBULANCE SERVICES, COTTONWOOD SPLASH PAD PROJECT.
(26) CITY OF DARWIN
PO BOX 67
DARWIN,MN553240067 		41-6008390 CITY OF DARWIN 46,097 0     2024 DARWIN PROJECTS, DARWIN JOINT PROJECTS.
(27) CITY OF DAWSON
PO BOX 552
DAWSON,MN562320552 		41-6005088 CITY OF DAWSON 6,000 0     SOFTBALL FIELD SHELTER, RIVERSFEST CELEBRATION, CITY OF DAWSON'S ANNUAL TOWN CELEBRATION.
(28) CITY OF DE GRAFF
405 5TH ST S
DE GRAFF,MN562719097 		41-6005089 CITY OF DE GRAFF 15,000 0     BASKETBALL COURT REPLACEMENT/DE GRAFF PARK ENHANCEMENT PROJECT
(29) CITY OF GLENCOE
1107 11TH ST E
GLENCOE,MN553362312 		83-0023029 CITY OF GLENCOE 16,172 0     PICKLEBALL COURTS, ROTARY DOG PARK AT OSCAR OLSON PARK, GLENCOE PICKLEBALL COURTS, GLENCOE ROTARY DOG PARK.
(30) CITY OF GRANITE FALLS
641 PRENTICE ST
GRANITE FALLS,MN562411517 		41-6005203 CITY OF GRANITE FALL 21,962 0     FIREFIGHTER PROTECTIVE CLOTHING, YME SOFTBALL/ SCOREBOARD UPGRADE, SIDEWALK PROJECT, KCC NEW LEG PRESS MACHINE, PROJECT IMPACT- PHASE 2, KILOWATTS YOUTH BASEBALL, RICE PARK EVENT FOR WESTERN FEST CELEBRATION-JUNE 18TH, 2025.
(31) CITY OF HENDRICKS
PO BOX 86
HENDRICKS,MN561360086 		41-6005227 CITY OF HENDRICKS 15,000 0     HENDRICKS FIRE DEPARTMENT, HENDRICKS STREETSCAPE BEAUTIFICATION.
(32) CITY OF HUTCHINSON
111 HASSAN ST SE
HUTCHINSON,MN553502522 		41-6005253 CITY OF HUTCHINSON 8,892 0     AFS PARK IMPROVEMENTS, POWER OF PRODUCE CLUBS (POP & POPS) FARMER MARKET.
(33) CITY OF IVANHOE
PO BOX 54
IVANHOE,MN561420054 		41-6005261 CITY OF IVANHOE 19,000 0     IVANHOE FIRE DEPARTMENT AIR PACK, IVANHOE FOOD SHELF.
(34) CITY OF LAMBERTON
PO BOX 356
LAMBERTON,MN561520356 		41-6005307 CITY OF LAMBERTON 8,364 0     TODDLER-AGE PLAYGROUND/PARK UPDATES
(35) CITY OF MADISON
404 6TH AVE
MADISON,MN562561237 		41-6005335 CITY OF MADISON 17,681 0     GRAND THEATRE IMPROVEMENT PROJECT FUND, ART PROJECT, THE LAC QUI PARLE PLAYERS PRESENT " A CHRISTMAS CAROL", SLEN PARK COURT & ACCESSIBILITY IMPROVEMENTS, MADISON ART COUNCIL.
(36) CITY OF MARSHALL
344 W MAIN ST
MARSHALL,MN562581313 		41-6005351 CITY OF MARSHALL 323,400 0     MARSHALL AQUATIC CENTER PROJECT, WELCOMING WEEK EVENT.
(37) CITY OF MOUNTAIN LAKE
PO BOX C
MOUNTAIN LAKE,MN561590320 		41-6005401 CITY OF MOUNT. LAKE 10,149 0     LAKE AND TRAIL IMPROVEMENTS, PICKLE BALL, SPRAY MISTERS FOR CITY PARK, MOUNTAIN LAKE PUBLIC LIBRARY, MOUNTAIN LAKE POLICE CHAPLAINCY STARTUP PROJECT, LAKE COMMISSION.
(38) CITY OF PIPESTONE
119 2ND AVE SW
PIPESTONE,MN561641683 		41-6005460 CITY OF PIPESTONE 13,850 0     LIGHTS AT THE LODGE SPECTACULAR, SCHOLARSHIP FUND FOR YOUTH, PIPESTONE EDA/ PIPESTONE BUSINESS INCUBATOR.
(39) CITY OF TRACY
336 MORGAN ST
TRACY,MN561751230 		41-6005581 CITY OF TRACY 211,500 0     TRACY CENTRAL PARK IMPROVEMENTS, TRACY COMMUNITY CENTER.
(40) CLARK-VINROOT PROPERTIES LLC
1009 3RD AVE
WORTHINGTON,MN561872360 		86-2955957   126,000 0     THE THOMPSON - MSERP
(41) CLOVERLEAF PARTNERS LLC
303 S WHITNEY ST
MARSHALL,MN562581929 		82-3971188   10,000 0     PROMISE GRANT PROGRAM
(42) COLEMAN ELECTRIC INC
905 E SOUTHVIEW DR
MARSHALL,MN562582598 		13-4233478   12,225 0     ACTS 20:35 - MSERP
(43) COUSIN'S CONSTRUCTION LLC
410 130TH AVE SE
MURDOCK,MN562717981 		61-1928124   10,000 0     PROMISE GRANT PROGRAM
(44) D&MK HOLDINGS LLC
PO BOX 486
MONTEVIDEO,MN562650486 		83-1299836   19,081 0     D&MK - MSERP
(45) DAUB CONSTRUCTION LLC
704 S MINNESOTA ST
REDWOOD FALLS,MN562832018 		47-1028200   10,000 0     PROMISE GRANT PROGRAM
(46) DAVID BURRICHTER DDS PLLC
209 S 1ST ST
MONTEVIDEO,MN562651412 		84-2950063   7,098 0     MAIN STREET DENTAL - MSERP
(47) DIANNE RAMDEEN
118 1ST ST
DAWSON,MN562322108 		80-0784845   10,000 0     PROMISE GRANT PROGRAM
(48) DIBBLE ELECTRIC LLC
116 F ST
MARSHALL,MN562582514 		26-3874285   25,000 0     PROMISE GRANT PROGRAM
(49) DOLS CAPITAL LLC
812 1ST ST S
WILLMAR,MN56201 		84-3294656   53,761 0     DOLS COMPANIES - MSERP
(50) EL MEXICANO #3 INC
PO BOX 953
WORTHINGTON,MN561870953 		46-3010423   30,000 0     EL MEXICANO #3 - MSERP
(51) EL RANCHO #2 CORP
1419 E COLLEGE DR
MARSHALL,MN562582013 		46-0786418   10,000 0     EL RANCHO - MSERP
(52) FERNELIUS ENTERPRISES LLC
PO BOX 384
REDWOOD FALLS,MN562830384 		92-0487742   50,000 0     PROMISE GRANT PROGRAM
(53) FIRST PRESBYTERIAN CHURCH OF WILLMAR
312 6TH ST SW
WILLMAR,MN562013223 		41-0711510 501(C)(3) 13,455 0     MISSION SUPPORT, FIRST PRESBYTERIAN CHURCH- MSERP.
(54) FM BANK
PO BOX 8
GRANITE FALLS,MN562410008 		41-0284951   75,000 0     FM BANK - MSERP
(55) FRIENDS OF THE ORCHESTRA LTD
803 CHERYL AVE
MARSHALL,MN562582117 		41-1799541 501(C)(3) 5,947 0     FY2025 DISBURSEMENT
(56) FROMMEL INC
311 STATE RD
MONTEVIDEO,MN562652253 		41-1594923   21,450 0     FROMMEL/TOPPER'S - MSERP
(57) GRANITE FALLS FOODS INC
1340 9TH ST
GRANITE FALLS,MN562411263 		20-0613574   30,253 0     ALMICH'S - MSERP
(58) GROVE CITY AREA CARE LAH PROGRAM
PO BOX 192
GROVE CITY,MN562430192 		31-1561723 501(C)(3) 11,452 0     FY2025 DISBURSEMENT, ELDERLY LIVING AT HOME PROGRAM.
(59) GWEN J RHUBEE
1265 20TH ST
WINDOM,MN561011108 		47-1881755   10,000 0     PROMISE GRANT PROGRAM
(60) HANCOCK CHRISTIAN REFORMED CHURCH
956 5TH ST
HANCOCK,MN562449770 		41-1478362 501(C)(3) 7,200 0     MISSION SUPPORT, MAINTENANCE AND REPAIRS.
(61) HANSON ENTERPRISES LLC
PO BOX 752
LAKEFIELD,MN561500752 		47-1193544   50,000 0     PROMISE GRANT PROGRAM
(62) HARLAN STUEVEN
787 21ST ST
HILLS,MN561384012 		50-4746839   25,000 0     PROMISE GRANT PROGRAM
(63) HEATHER LILLEJORD
514 W 3RD ST
MADISON,MN562561424 		46-8900113   10,000 0     PROMISE GRANT PROGRAM
(64) HELLICKSON SOFT WATER LLC
12778 US HIGHWAY 71
SANBORN,MN560833081 		45-5041641   10,000 0     PROMISE GRANT PROGRAM
(65) HENDRICKS COMMUNITY FOUNDATION
PO BOX 86
HENDRICKS,MN561360086 		33-1067345 501(C)(3) 10,000 0     MISSION SUPPORT
(66) HENDRICKSON PROPERTIES LLC
9880 COUNTY ROAD 20
DELANO,MN553289002 		81-3733048   14,770 0     HENDRICKSON PROPERTIES - MSERP
(67) HILLTOP RESIDENCE INCORPORATED
900 2ND AVE
MADISON,MN562561006 		41-1376605 501(C)(3) 25,000 0     PROMISE GRANT PROGRAM
(68) HISTORIC 313 LLC
312 4TH ST SW
WILLMAR,MN562013332 		88-2579368   8,228 0     HISTORIC 313 - MSERP
(69) HOFFMAN ELECTRIC LLC
1813 250TH ST
PORTER,MN562801646 		46-4400898   25,000 0     PROMISE GRANT PROGRAM
(70) HUTCHINSON HEALTH FOUNDATION
1095 HIGHWAY 15 S
HUTCHINSON,MN553505000 		36-3317820 501(C)(3) 30,000 0     EMERGENCY CENTER EXPANSION AND RENOVATION PROJECT
(71) HUTCHINSON HUSKIES BASEBALL ASSOCIATION
301 ONTARIO ST SE
HUTCHINSON,MN55350 		20-5029926 501(C)(3) 10,000 0     VETERANS MEMORIAL FIELD GRANDSTAND PROJECT
(72) IMMIGRANT LAW CENTER OF MINNESOTA INC
450 SYNDICATE ST N STE 200
SAINT PAUL,MN551044105 		41-0909036 501(C)(3) 7,000 0     SOUTHWEST IMMIGRATION PROJECT, ILCM SOUTHWEST MINNESOTA IMMIGRATION PROJECT.
(73) ISD #173 - MOUNTAIN LAKE
PO BOX 400
MOUNTAIN LAKE,MN561590400 		41-6000682 ISD #173 18,417 0     INCLUSIVE PLAYGROUND EQUIPMENT, FFA LEADERSHIP DEVELOPMENT TRAINING, SUMMER RECREATION OPPORTUNITIES FOR YOUTH, INCLUSIVE PLAYGROUND, SCHOOL LIBRARY, STUDENTS' FIELD TRIP, PHYSICAL EDUCATION ROLLER SKATING EXPERIENCE.
(74) ISD #2180 - MACCRAY
PO BOX 690
CLARA CITY,MN562220690 		41-1783004 ISD #2180 18,996 0     PE PROGRAM, MACCRAY MCA ACADEMY, SPRING GRANTS 2025.
(75) ISD #2190 - YELLOW MEDICINE EAST
450 9TH AVE
GRANITE FALLS,MN562411399 		41-6004911 ISD #2190 18,056 0     ARTS DEPARTMENT/KILN REPAIR, YME ROBOTICS TEAM 2024-2025, MS/HS SOUND EQUIPMENT UPGRADE, YME MASCOT PROJECT, BUILDING ACROSS THE COMMUNITY THROUGH THEATRE, INDIVIDUAL INSTRUMENT KITS, SENIOR ADVOCACY PROGRAM, BANNER PROJECT, YME BAND ROOM UPGRADES AND EQUIPMENT.
(76) ISD #2534 - BOLD SCHOOLS
701 9TH ST S
OLIVIA,MN562771572 		41-1719361 ISD #2534 6,075 0     CARE CLOSET/REACH PROGRAM, DORIAN VOCAL FESTIVAL, NEW WINDOWS BASED PC, SUMMER DANCE BOLD-BLHS.
(77) ISD #2853 - LAC QUI PARLE VALLEY
2860 291ST AVE
MADISON,MN562563296 		41-1837788 ISD #2853 15,400 0     S.O.A.R. INITIATIVE, ELEMENTARY HOLIDAY PROGRAM, JUNIOR HIGH STUDENT COUNCIL, ROBOTICS TEAM TRAILER, JUKEBOTS 5638, HOLIDAY MOVIE, BACK TO SCHOOL SUPPLIES, LAC QUI PARLE COUNTY YOUTH ACTIVITIES, LITTLE EAGLES DAYCARE, BOYS VOLLEYBALL, YAP PROGRAM, GENERAL MUSIC INSTRUMENTS.
(78) ISD #2884 - RED ROCK CENTRAL
PO BOX 278
LAMBERTON,MN561520278 		41-1876754 ISD #2884 79,300 0     PLAYGROUND EQUIPMENT, RRC WEEKEND FOOD PROGRAM, DECODABLE BOOK LIBRARY.
(79) ISD #2890 - RENVILLE COUNTY WEST SCHOOLS
PO BOX 338
RENVILLE,MN562840338 		41-1813675 ISD #2890 5,287 0     SYMPHONIC ORCHESTRA CONCERT, RCW PROJECTS, BAND INSTRUMENTS, FIELD TRIP TO COMO ZOO & CONSERVATORY.
(80) ISD #2895 - JACKSON COUNTY CENTRAL
PO BOX 119
JACKSON,MN561430119 		41-1872029 ISD #2895 39,253 0     DONOR BOARD, FALL ELEMENTARY TEACHERS GRANTS, JACKSON COUNTY CENTRAL SCHOLARSHIPS 2025, AEDS FOR THE JCC SCHOOL DISTRICT, VISION SCREENING, SPRING TEACHERS GRANTS.
(81) ISD #2898 - WESTBROOK WALNUT GROVE SCHOOLS
PO BOX 129
WESTBROOK,MN561830129 		41-6000705 ISD #2898 7,389 0     2025 SCHOLARSHIPS, WWG ELEMENTARY SPED, WWG ELEMENTARY SPED/ECSE, LITTLE CHARGERS CHILD CARE CENTER BATHROOM PROJECT 1 & 2.
(82) ISD #2902 - RUSSELL TYLER RUTHTON PUBLIC SCHOOLS
PO BOX 659
TYLER,MN561780659 		20-4928015 ISD #2902 45,626 0     ACTIVITIES SUPPORT, RTR FOOTBALL PROGRAM, FAMILY AND CONSUMER SCIENCE DEP, BAND, AFTER PROM, AUXILIARY GYM CAMERAS, GOLF PROGRAM SUPPORT, KNIGHTS SIGN, AFTER PROM, HISTORY TRIP, SPEECH STATE, FCCLA NATIONALS, BAND INSTRUMENTS, STATE BASEBALL TOURNAMENT.
(83) ISD #2903 - ORTONVILLE PUBLIC SCHOOL
200 TROJAN DR
ORTONVILLE,MN562781393 		41-6000273 ISD #2903 8,647 0     I-PAD FOR VISION IMPAIRED STUDENT, SCHOLARSHIPS AND BPA TRIP, 6TH GRANDE TRIP AND REAL CARE BABY.
(84) ISD #2904 - TRACY AREA SCHOOLS
394 PINE ST
TRACY,MN56175 		41-6002013 ISD #2904 11,602 0     CHARACTER EDUCATION, HIGH SCHOOL GYMNASIUM MICROPHONE, SCHOOL IMPROVEMENTS-SIGN, INNOVATIVE INCENTIVE GRANT PROGRAM, LEGO LEAGUE.
(85) ISD #330 - HERON LAKE-OKABENA SCHOOLS
321 STEARNS AVE
HERON LAKE,MN561374061 		41-1330168 ISD #330 8,909 0     SCHOOL LUNCH ROOM SAFE EQUIPMENT, CONSTRUCTIONS CLASS/ COMMUNITY SERVICE PROJECT, LEVELED READERS, HERON LAKE OKABENA-FCCLA, HERON LAKE OKABENA ELEMENTARY LIBRARY, ROBOTICS PROGRAM, SKATIME ROLLER SKATING PROGRAM, POOL MAINTENANCE & GENERAL POOL FUN, SEW FUN TO LEARN.
(86) ISD #347 - WILLMAR
611 5TH ST SW
WILLMAR,MN562013218 		41-6001746 ISD #347 6,008 0     WILLMAR EARLY CHILDHOOD PROGRAMS
(87) ISD #378 - DAWSON-BOYD
848 CHESTNUT ST
DAWSON,MN562322224 		41-6001874 ISD #378 6,609 0     CPR/AED MANNEQUINS, EMPOWERING FUTURE INNOVATORS:DB ROBOTICS TEAM'S JOURNEY IN STEM EDUCATION, COMPOSITION OPPORTUNITIES FOR STUDENTS, RSG SCHOLARSHIP GRANT WINNERS, ESSAY CONTEST WINNER 2025.
(88) ISD #402 - HENDRICKS
200 E LINCOLN ST
HENDRICKS,MN561360137 		41-6001989 ISD #402 14,700 0     SCHOOL AND HOSPITAL DAYCARE
(89) ISD #423 - HUTCHINSON
1365 S GRADE RD SW STE 2
HUTCHINSON,MN553505005 		41-6002222 ISD #423 22,247 0     2023-2024 GRANT ALLOCATIONS, 2024-2025 GRANT ALLOCATIONS, CENTRIC TRIP FOR HHS SENIORS.
(90) ISD #465 - LITCHFIELD SCHOOL
114 N HOLCOMBE AVE STE 110
LITCHFIELD,MN553552345 		41-6002290 ISD #465 24,465 0     NEW ASD LEVEL 3 PROGRAM, 2025 TEACHER GRANTS, MANKATO STATE THEATER & DANCE WORKSHOP.
(91) ISD #518 - WORTHINGTON
1117 MARINE AVE
WORTHINGTON,MN561871610 		41-6008522 ISD #518 11,284 0     MARCHING BAND PROGRAM, WHS TROJAN E-SPORTS TEAM, COMMUNITY ED YOUTH ENRICHMENT CLASSES-PREK- GRADE 12 STUDENTS, ROBOTICS TEAM BANDSAW, NOBLES COUNTY INTEGRATION COLLABORATIVE- HIP HOP LITERACY CLUB, MUYEHPEN THEATER PRODUCTION.
(92) JAC INC
42652 COUNTY HIGHWAY 7
BELVIEW,MN562141404 		84-2213561   50,000 0     PROMISE GRANT PROGRAM,
(93) JAMES RALPH LENARZ
176 HIGHWAY 9 NE
BENSON,MN562151160 		41-2018199   25,000 0     PROMISE GRANT PROGRAM
(94) JOHNSON MEMORIAL FOUNDATION
1282 WALNUT ST
DAWSON,MN562322333 		41-1678372 501(C)(3) 8,980 0     FY2025 DISBURSEMENT, CPR EDUCATIONAL TRAINING SUPPLIES.
(95) KAH VI LLC
2701 W LAWRENCE AVE STE A
SPRINGFIELD,IL627047215 		86-3977264   9,000 0     KAH VI - MSERP
(96) KANDI LAND FARM LLC
3843 15TH AVE SW
WILLMAR,MN562019306 		86-3339941   10,000 0     PROMISE GRANT PROGRAM
(97) KIDS ROCK CHILD CARE CENTER INC
PO BOX 893
LUVERNE,MN561560893 		85-2386071 501(C)(3) 65,291 0     KIDS ROCK! STARTUP GRANT 2
(98) LAKE BENTON COMMUNITY SERVICES
106 CENTER ST S
LAKE BENTON,MN561491505 		83-3321236 501(C)(3) 9,000 0     MEALS ON WHEELS, LAKE BENTON FOOD SHELF, LAKE BENTON MEMORIAL HILLS CEMENTERY ASSOCIATION.
(99) LEE-MAR RANCH EQUINE CENTER INC
PO BOX 151
GRANITE FALLS,MN562410151 		27-0601424 501(C)(3) 10,000 0     QUIET SPACE
(100) LIGHTFOOT HEATING AND COOLING LLC
23900 COUNTY HIGHWAY 5
LUCAN,MN562551130 		47-0029503   10,000 0     PROMISE GRANT PROGRAM
(101) LITTLE HUSKIES LEARNING CENTER
111 TORGERSON LN
JACKSON,MN561434000 		92-0533463 501(C)(3) 189,733 0     LHLC - SECURITY SYSTEM, LHLC- REMICK LOAN SUPPORT, LHC- FACILITY RENOVATIONS.
(102) LUTHERAN SOCIAL SERVICE OF MINNESOTA
2485 COMO AVE
SAINT PAUL,MN551081445 		41-0872993 501(C)(3) 7,772 0     SENIOR MEALS - COTTONWOOD COUNTY, MISSION SUPPORT, MOUNTAIN LAKE MEALS ON WHEELS.
(103) MARIA G PARGA
710 W LAKE AVE
WORTHINGTON,MN561871274 		46-8412763   16,280 0     MINI MARKET LUPITA - MSERP
(104) MARK R PARKER
111 E OAK ST
REDWOOD FALLS,MN562831142 		47-3541083   25,000 0     PROMISE GRANT PROGRAM
(105) MARSHALL AREA YMCA
200 S A ST
MARSHALL,MN562581700 		41-1984589 501(C)(3) 10,000 0     YOUR Y CAMPAIGN
(106) MCLEOD EMERGENCY FOOD SHELF
719 13TH ST E STE A
GLENCOE,MN553362802 		41-1470696 501(C)(3) 7,000 0     MCLEOD FOOD SHELF COOLER STORAGE EXPANSION, MCLEOD FOOD SHELF-HUTCHINSON, MCLEOD FOOD SHELF-GLENCOE.
(107) MEEKER COUNTY EMERGENCY FOOD SHELF
118 N SIBLEY AVE
LITCHFIELD,MN553552139 		41-1459645 501(C)(3) 6,500 0     MISSION SUPPORT, LITCHFIELD FOOD SHELF, DASSEL AREA FOOD SHELF.
(108) MEEKER MEMORIAL HOSPITAL
612 S SIBLEY AVE
LITCHFIELD,MN553553340 		41-6005843   19,920 0     MISSION SUPPORT
(109) MINI SOTA AGRICULTURAL CHILDREN'S MUSEUM
PO BOX 75
BENSON,MN562150075 		92-1619710 501(C)(3) 18,000 0     CAPITAL CAMPAIGN, MINI SOTA AGRICULTURAL CHILDREN'S MUSEUM CAPITAL CAMPAIGN.
(110) MINNESOTA HOUSING PARTNERSHIP
2446 UNIVERSITY AVE W STE 106
SAINT PAUL,MN551141740 		41-1649643 501(C)(3) 45,000 0     MHP - SOUTHWEST MINNESOTA HOUSING INSTITUTE
(111) MINNESOTA RIVER AREA AGENCY ON AGING INC
201 N BROAD ST STE 102
MANKATO,MN560013569 		26-1632413 501(C)(3) 100,500 0     AGE FRIENDLY COMMUNITY BUILDING PROJECT - PHASE 7, SUPPORT COMMUNITY ENGAGEMENT IN AGING.
(112) MINNESOTA SEEDS OF JUSTICE
2150 CASTLEWOOD DR
WORTHINGTON,MN561872094 		92-3322961 501(C)(3) 50,000 0     SOUTHWEST MINNESOTA FLOOD RELIEF
(113) MOUNTAIN LAKE COMMUNITY FOOD SHELF
1027 2ND AVE
MOUNTAIN LAKE,MN561591456 		41-1861037 501(C)(3) 5,820 0     LOAVES & FISHES FOOD SHELF SUPPORT
(114) MUBARAK FOOD & GROCERY INC
421 BENSON AVE SW
WILLMAR,MN562013235 		75-3240732   50,000 0     PROMISE GRANT PROGRAM
(115) N&H CARRIER L L C
511 7TH ST NW
WILLMAR,MN562012634 		47-8339728   25,000 0     PROMISE GRANT PROGRAM
(116) NEIGHBORS UNITED RESOURCE CENTER
415 9TH AVE STE 202
GRANITE FALLS,MN562411374 		41-1637586 501(C)(3) 8,000 0     SUPPLEMENTAL FOOD, FRESH FRUIT & VEGETABLES, GRANITE FALLS FOOD SHELF.
(117) NELSAN-HORTON POST #104 OF THE AMERICAN LEGION DEPARTMENT OF MINNESOTA
PO BOX 96
LITCHFIELD,MN553550096 		41-0668419 501(C)(19) 7,010 0     AMERICAN LEGION - MSERP
(118) ORDER OF ST BENEDICT INC
PO BOX 4000
COLLEGEVILLE,MN563214000 		41-0693973 501(C)(3) 10,000 0     TUITION ASSISTANCE
(119) OUR LADY OF THE LAKES
6680 153RD AVE NE
SPICER,MN562889663 		41-1308081 501(C)(3) 19,161 0     CEMETERY FUND, MISSION SUPPORT, AND COUNCIL OF CATHOLIC WOMEN.
(120) PEACHY LLC
2432 280TH AVE
MARSHALL,MN562585235 		92-3743249   15,000 0     PEACHY 1210 - MSERP
(121) PETERSONS INC
700 BECKER AVE SW
WILLMAR,MN562013151 		41-0648584   54,750 0     PETERSON BROTHERS FUNERAL HOME - MSERP
(122) PIONEERLAND LIBRARY SYSTEM
410 5TH ST SW
WILLMAR,MN562013261 		41-6008919 PIONEERLAND LIBR SYS 11,500 0     GRANITE FALLS PUBLIC LIBRARY - BUILDING EARLY LITERACY FOR LITTLES (BELL), HUTCHINSON PUBLIC LIBRARY, MONTEVIDEO STEAM STATIONS AND SUPPLIES, BENSON PUBLIC LIBRARY -UPDATE CHILDREN'S BOOK COLLECTION.
(123) PIPESTONE AREA CHAMBER OF COMMERCE
PO BOX 8
PIPESTONE,MN561640008 		41-0638521 501(C)(6) 12,000 0     CHAMBER AG COMMITTEE YOUTH RIBBON AUCTION
(124) PIPESTONE PERFORMING ARTS CENTER INC
PO BOX 100
PIPESTONE,MN561640100 		41-1726389 501(C)(3) 7,000 0     STAGE DOOR REPLACEMENT, PRESENTERS SERIES EVENTS AT THE PAC
(125) PIPESTONE SENIOR CITIZENS CENTER
PO BOX 291
PIPESTONE,MN561640291 		41-1470351 501(C)(3) 116,904 0     SCHROEDER SENIOR CENTER AND FOOD SHELF BUILDING PROJECT, SLEEP TIGHT PIPESTONE
(126) PLAZITA RESTAURANT 4 LLC
142 HIGHWAY 212 E
GRANITE FALLS,MN562411753 		35-2789619   75,000 0     LA PLAZITA - MSERP
(127) PRAIRIE FIVE COMMUNITY ACTION COUNCIL INCORPORATED
PO BOX 159
MONTEVIDEO,MN562650159 		41-0904802 501(C)(3) 40,532 0     BENSON AREA MEMORY LOSS NETWORK, BRING IT HOME PROGRAM, MMN ELEMENTARY SCHOOL PLAYGROUND SEATING, VITA FREE TAX CLINIC, DEED ECONOMIC DEVERLOPMENT CHILD CARE, BIG STONE LAKE/ ORTONVILLE FOOD SHELF, CANBY FOOD SHELF, GRACEVILLE SATELLITE FOOD SHELF, SWIFT COUNTY/ BENSON FOOD SHELF, CHIPPEWA COUNTY FOOD SHELF, CLARA CITY SATELLITE FOOD SHELF, MILAN MOBILE FOOD SHELF, R.E.A.D. PROGRAM.
(128) PRAIRIE HOME HOSPICE INC
1108 E COLLEGE DR
MARSHALL,MN562581902 		41-1494079 501(C)(3) 12,517 0     FY2025 DISBURSEMENT, TROWING A LIFELINE: CPR FOR ALL
(129) PRAIRIE PLAYHOUSE CHILD CARE INC
349 S EDQUIST ST
APPLETON,MN562081552 		41-1876305 501(C)(3) 13,500 0     INFANT WAGONS/STROLLER, PRAIRIE PLAYHOUSE EQUIPMENT- JPAC
(130) PRESBYTERIAN FAMILY FOUNDATION INC
901 HIGHWAY 71 NE
WILLMAR,MN562012654 		41-6044382 501(C)(3) 6,570 0     MSERP - PRESBYTERIAN FAMILY FOUNDATION
(131) PURPLE ROLL-OFF LLC
2724 9TH ST E
GLENCOE,MN553365323 		87-1870315   50,000 0     PROMISE GRANT PROGRAM
(132) RED BARN ON THE PRAIRIE LLC
PO BOX 2
JACKSON,MN561430002 		84-4790675   10,000 0     PROMISE GRANT PROGRAM
(133) REDWOOD STREET MANAGEMENT LLC
104 W REDWOOD ST
MARSHALL,MN562581980 		85-1114924   6,000 0     MSERP - 300 E COLLEGE
(134) RHEAULT AG SUPPLY LLC
656 80TH AVE
BEAVER CREEK,MN561164076 		46-1772642   50,000 0     PROMISE GRANT PROGRAM
(135) ROCK RANCH
355 40TH AVE
HILLS,MN561384029 		81-5070254 501(C)(3) 25,519 0     FY2025 DISBURSEMENT, PROMISE GRANT PROGRAM.
(136) ROSS STEVEN STEENSMA
414 N FAIRVIEW DR
LUVERNE,MN561561055 		82-1813985   25,000 0     PROMISE GRANT PROGRAM
(137) ROYAL WASH HOUSE LLC
3355 ANTELOPE AVE SW
MONTROSE,MN553635413 		86-3597585   50,000 0     PROMISE GRANT PROGRAM
(138) RUTH ANN R KARTY
2309 350TH ST
CLARKFIELD,MN562233105 		46-9540751   10,000 0     PROMISE GRANT PROGRAM
(139) SAINT JOHN'S UNIVERSITY
PO BOX 5866
COLLEGEVILLE,MN563215866 		45-3656162 501(C)(3) 15,000 0     PREPARING FOR A LIFE OF FAITH SERVICE
(140) SOUTHWEST HOSPITALITY LLC
47426 274TH ST
HARRISBURG,SD570325422 		83-4460234   27,000 0     MSERP - TRAVELER'S LODGE
(141) SOUTHWEST MINNESOTA PRIVATE INDUSTRY COUNCIL INC
607 W MAIN ST
MARSHALL,MN562583169 		41-1487964 501(C)(3) 26,000 0     WORK AND LEARN COORDINATOR, NAVIGATING THE CURRENTS CONFERENCE RECOGNITION.
(142) ST JAMES EPISCOPAL CHURCH
101 N 5TH ST
MARSHALL,MN562581303 		41-6098516 501(C)(3) 14,923 0     FY2025 DISBURSEMENT
(143) ST LUKES THE GATHERING LLC
1021 MEADOW LN
WILLMAR,MN562013050 		82-3007692   6,570 0     ST. LUKES THE GATHERING - MSERP
(144) ST MARY'S SCHOOL WORTHINGTON
1206 8TH AVE
WORTHINGTON,MN561872220 		41-1539377 501(C)(3) 8,759 0     FY2025 DISBURSEMENT, MISSION SUPPORT
(145) SUSTAINABLE FARMING ASSOCIATION OF MINNESOTA
1400 VAN BUREN ST NE STE 200
MINNEAPOLIS,MN554133017 		41-1671893 501(C)(3) 20,000 0     TECHNICAL ASSISTANCE AND CONSULTING
(146) SWIFT COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER INC
2105 MINNESOTA AVE
BENSON,MN562152609 		41-0909889 501(C)(3) 19,250 0     ENRICHMENT PATIO
(147) TDMC OF MARSHALL INC
1501 E COLLEGE DR
MARSHALL,MN562582601 		46-3274261   50,000 0     TDMC OF MARSHALL - MSERP
(148) THE CALICO CAT QUILT SHOP LLC
124 W MAIN ST
PIPESTONE,MN561641868 		85-0750372   25,000 0     PROMISE GRANT PROGRAM
(149) THE LINK OF NORTHERN KANDIYOHI COUNTY
PO BOX 823
NEW LONDON,MN562730823 		82-1911575 501(C)(3) 8,000 0     MISSION SUPPORT, THE LINK FOOD PANTRY.
(150) THE LUVERNE CHAMBER OF COMMERCE
213 E LUVERNE ST
LUVERNE,MN561561609 		41-0834366 501(C)(6) 50,000 0     PROMISE GRANT PROGRAM
(151) THE WELLCARE CENTER LLC
531 2ND AVE SW APT 1
HUTCHINSON,MN553502301 		46-1938338   10,000 0     PROMISE GRANT PROGRAM
(152) THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF WORTHINGTON MINNESOTA
1501 COLLEGEWAY
WORTHINGTON,MN561873028 		41-6007569 501(C)(3) 10,897 0     FY2025 DISBURSEMENT, BUILDING STRONG KIDS, STRONG FAMILIES AND STRONG COMMUNITIES.
(153) THREE LEGGED DOG INC
514 JAGUAR CT
MARSHALL,MN562585500 		41-1905112   50,000 0     PROMISE GRANT PROGRAM
(154) TIFFANY K FARRIER
22805 145TH ST NE
HAWICK,MN562737647 		55-4970964   10,000 0     PROMISE GRANT PROGRAM
(155) TOLLEFSRUD VETERINARY INC
4223 ABBOTT DR
WILLMAR,MN562019510 		82-2537548   5,045 0     GRANITE FALLS PET CLINIC - MSERP
(156) TREE-TECH INC
418 N SPRING ST
LUVERNE,MN561561544 		56-2321382   25,000 0     PROMISE GRANT PROGRAM
(157) TYLER GOLF CLUB OF TYLER MINNESOTA
420 COUNTY ROAD 7
TYLER,MN561789318 		41-0707145 501(C)4-6 55,000 0     YOUTH GOLF, PROMISE GRANT PROGRAM.
(158) UNITED COMMUNITY ACTION PARTNERSHIP INC
1400 S SARATOGA ST
MARSHALL,MN562583114 		41-0904860 501(C)(3) 14,800 0     KITCHEN TABLE FOOD SHELF - MARSHALL, THE GLOBAL MARKET, KITCHEN TABLE FOOD SHELF-TRACY, MARY AND MARTHA'S PANTRY OF WESTBROOK, COMMUNITY CUPBOARD-HERON LAKE-OKABENA.
(159) UNITED METHODIST CHURCH OF MONTEVIDEO
731 N 11TH ST
MONTEVIDEO,MN562651626 		41-1463080 501(C)(3) 33,000 0     MISSION SUPPORT
(160) UNITED WAY OF WEST CENTRAL MINNESOTA
PO BOX 895
WILLMAR,MN562010895 		41-0844871 501(C)(3) 7,000 0     MISSION SUPPORT, LITTLE BUMS DIAPER GIVEAWAY
(161) WALLIN EDUCATION PARTNERS
451 LEXINGTON PKWY N STE 100
SAINT PAUL,MN551044637 		20-8505156 501(C)(3) 133,512 0     2024-25 YELLOW MEDICINE EAST SCHOLARSHIPS
(162) WILDER PAGEANT COMMITTEE INC
PO BOX 313
WALNUT GROVE,MN561800313 		41-1402147 501(C)(3) 6,480 0     SIDEWALK ACCESSIBILITY
(163) WILLMAR AERIE NUMBER 2334 FRATERNAL ORDER OF EAGLES
136 6TH ST SW
WILLMAR,MN562013221 		41-0614393 501(C)(8) 16,018 0     WILLMAR EAGLES - MSERP
(164) WILLMAR AREA COMMUNITY FOUNDATION
1601 HIGHWAY 12 E STE 9
WILLMAR,MN562015817 		36-3412544 501(C)(3) 6,500 0     MISSION SUPPORT, WILLMAR AREA WOMEN'S FUND, KANDIYOHI CREATING ENTRPRENEURIAL OPPORTUNITIES(KCEO)
(165) WILLMAR COMMUNITY THEATRE INC DBA THE BARN THEATRE
PO BOX 342
WILLMAR,MN562010342 		41-1357711 501(C)(3) 8,000 0     MISSION SUPPORT
(166) ISD #466 - DASSEL-COKATO
4852 REARDON AVE SW STE 1700
COKATO,MN553215015 		41-9551535 ISD #466 342,996 0     DC CHARGER ROBOTICS, INDUSTRIAL TECHNOLOGY DEPARTMENT.
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
88
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
78
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) Rev. 1-2025

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) CASH GRANT 3 16,550     2024 FLOOD RELIEF
(2) CASH GRANT 2 23,006     MSERP - WORTHINGTON FOOTWEAR, GODINEZ/LONG BRANCH
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
PART I, LINE 2: THE GRANTS MANAGEMENT FUNCTION OF THE DATABASE IS THE REPOSITORY FOR ALL RECORDS RELATED TO GRANTS MADE AND/OR ASSISTANCE PROVIDED. SWIF CONDUCTS RESEARCH TO VERIFY THE ELIGIBILITY OF ALL GRANTEES, USING RESOURCES SUCH AS GUIDESTAR AND THE IRS PUBLICATION 78. EACH ADVISED FUND COMMITTEE MUST SUBMIT A ROSTER OF THEIR ADVISORS FOR BOARD REVIEW AND APPROVAL ANNUALLY, AND CRITERIA FOR THEIR GRANT IS REVIEWED TO ENSURE COMPLIANCE WITH ALL STATE AND FEDERAL REGULATIONS AND MEETS THE REQUIRED CHARITABLE PURPOSE OF THE FUND AGREEMENTS IN PLACE.
Schedule I (Form 990) Rev. 1-2025



Additional Data


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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
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Part I
Questions Regarding Compensation
Yes
No
1a
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.
b
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 .....
1b
 
 
2
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? ....
2
 
 
3
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.
4
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:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
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.
5
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:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
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:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
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 ............
7
 
No
8
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 ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) (Rev. 1-2025)

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
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1SCOTT MARQUARDT
PRESIDENT 		(i)

(ii)		 140,512
-------------
0 		0
-------------
0 		1,542
-------------
0 		8,000
-------------
0 		33,727
-------------
0 		183,781
-------------
0 		0
-------------
0
Schedule J (Form 990) (Rev. 1-2025)

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

Additional Data


Software ID:  
Software Version:  
SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large image Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large image Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
Name of the organization
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....        
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 7 500,124 NASDAQ VALUE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( )
26 Other Right pointing arrow large image ( )
27 Other Right pointing arrow large image ( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement
29
 
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2024)
Schedule M (Form 990) (2024)
Page 2
Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
PART I, COLUMN (B): COLUMN (B) REPRESENTS NUMBER OF CONTRIBUTIONS.
Schedule M (Form 990) (2024)

Additional Data


Software ID:  
Software Version:  
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
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

41-1555592
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE OFFICERS OF THE CORPORATION; CHAIRPERSON, VICE CHAIRPERSON, SECRETARY, TREASURER, AS WELL AS THE IMMEDIATE PAST CHAIRPERSON. THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE BOARD TO REVIEW AND ACT UPON GRANTS AND LOANS, REVIEW AND ACT UPON POLICIES, REVIEW AND ACT UPON BUDGETARY VARIANCES, AND CONDUCT OTHER BUSINESS OF THE CORPORATION BETWEEN REGULARLY SCHEDULED BOARD MEETINGS. ALL ACTIONS OF THE COMMITTEE ARE REVIEWED BY THE FULL BOARD AND RATIFIED AT THE NEXT SCHEDULED FULL BOARD MEETING.
FORM 990, PART VI, SECTION B, LINE 11B BEFORE FILING, THE IRS FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND OTHER RELEVANT STAFF, AND THE FINANCE AND AUDIT COMMITTEE REVIEWS AND RECOMMENDS IT TO THE BOARD. THE BOARD THEN RECEIVES A FULL COPY OF THE FORM 990 BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12C AT THE START OF EACH FISCAL YEAR, ALL BOARD MEMBERS AND EMPLOYEES RECEIVE THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND COMPLETE THE QUESTIONNAIRE. AT THE BEGINNING OF EACH BOARD MEETING, THE BOARD IS ASKED TO DISCLOSE ANY CONFLICTS. IF THERE ARE ANY, THE CONFLICT IS NOTED, AND APPROPRIATE ACTION IS TAKEN BASED ON THE DISCLOSED CONFLICTS. ADDITIONALLY, DURING THE YEAR, SHOULD ANY PERSON ASSUME A POSITION ON A BOARD THAT COULD POTENTIALLY CONFLICT WITH THE POLICIES OUTLINED THEREIN, THEY ARE OBLIGATED TO UPDATE THE CONFLICTS OF INTEREST QUESTIONNAIRE.
FORM 990, PART VI, SECTION B, LINE 15A SOUTHWEST INITIATIVE FOUNDATION'S PRESIDENT COMPENSATION IS OVERSEEN AND ADMINISTERED BY THE EXECUTIVE COMMITTEE OF THE BOARD, WHICH IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE PRESIDENT. THIS PROGRAM IS REVIEWED ANNUALLY, INCORPORATING A WAGE INFLATION INDICATOR PROVIDED BY GALLAGHER, AS APPROPRIATE, AND ADJUSTMENTS ARE MADE BASED ON CHANGES IN THE LABOR MARKET IN WHICH THE FOUNDATION COMPETES FOR TALENT, WHILE ALSO CONSIDERING THE FOUNDATION'S OVERALL BUDGET AND LONG-TERM SUSTAINABILITY. INDIVIDUAL PAY ADJUSTMENTS ARE DETERMINED BY CHANGES IN THE LABOR MARKET FOR THE POSITION AND PERFORMANCE IN THE ROLE TO ENSURE COMPENSATION REMAINS COMPETITIVE AND EQUITABLE. THE EXECUTIVE COMMITTEE WORKS WITH GALLAGHER'S HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE TO SOURCE DATA, INCLUDING 990S FROM COMPARABLE ORGANIZATIONS, AS NEEDED. OTHER OFFICER OR KEY EMPLOYEE COMPENSATION IS EVALUATED IN A SIMILAR STRUCTURE BY THE PRESIDENT AND HUMAN RESOURCES.
FORM 990, PART VI, SECTION C, LINE 18 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND BY REQUEST. THE IRS FORM 1023 IS AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE PUBLIC.
FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 97,084. AGENCY FUNDS ACTIVITY -215,732.
LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTING THE INDEPENDENT ACCOUNTANT/AUDITOR HAS NOT CHANGED.
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:  
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
SOUTHWEST INITIATIVE FOUNDATION
 
Employer identification number

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


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) SWIF REAL ESTATE HOLDINGS LLC
15 3RD AVENUE NW
HUTCHINSON,MN55350
47-5210879 		REAL ESTATE MN 0 0 SOUTHWEST INITIATIVE FOUNDATION
 










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


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


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

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)SOUTHWEST MINNESOTA COMMUNITY CAPITAL
15 3RD AVE NW

HUTCHINSON,MN55350
99-3502057 		MISSION DRIVEN LENDING MN 501(C)(3) LINE 7 SOUTHWEST INITIATIVE FOUNDATION
 
 
No












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) (Rev. 1-2025)
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



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

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




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



 		(k)
Percentage
ownership
Yes No Yes No












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












Schedule R (Form 990) (Rev. 1-2025)
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
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
 
No
b Gift, grant, or capital contribution to related organization(s) ............................
1b
 
No
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
 
No
o Sharing of paid employees with related organization(s) ............................
1o
 
No
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
No
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
No
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved





Schedule R (Form 990) (Rev. 1-2025)
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) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

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




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






























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