Nonpartisan civic infrastructure
AllCiv·Legis1
·

Initiative Foundation

Public charityFed auditsIRS 990990-T FY2023
Community Development · LITTLE FALLS, MN · EIN 36-3451562

About

To empower people to build thriving communities and a vibrant region across central minnesota.

Donations are tax-deductible
Category
Community Development
Employees
33
Volunteers
226

Financial Snapshot

FY ending 2023-12-31
Revenue
$10.0M
Expenses
$9.4M
Assets
$109.0M
Liabilities
$8.4M

Financial history

$18.8M$9.4M$0
1617181920212223
RevenueExpenses
Latest FY2023: $10.0M · Peak FY2022: $18.8M · Avg: $10.7M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$5K
Grants Given
$436K
INITIATIVE FOUNDATION
Your actions

Address

405 1ST ST SE
Little Falls, MN, 56345-300

Governance

Voting board members15
Independent members15
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %53.1%
Permanent endowment %37.2%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.