Nonpartisan civic infrastructure
AllCiv·Legis1
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Southern Minnesota Initiative Foundation

Public charityFed auditsIRS 990990-T FY2023
Community Development · OWATONNA, MN · EIN 36-3454285

Federal Audit History

Single audits filed with the Federal Audit Clearinghouse
$2.4M in federal awards expended in FY2025
YearFederal $ expendedAuditorOpinionFlags
2025$2.4MRSM Us LLPUnmodified (clean)Low-risk auditee
2024$2.6MRSM Us LLPUnmodified (clean)Low-risk auditee
2023$2.6MRSM Us LLPUnmodified (clean)Low-risk auditee
2022$3.3MRSM Us LLPUnmodified (clean)Low-risk auditee

Federal Programs

Top programs · FY2025
ProgramAgencyExpendedMajor programFindings
Covid 19: Economic Adjustment AssistanceCommerce$1.4MNo0
Microloan ProgramSBA$926KYes0
Microloan ProgramSBA$102KYes0
Source: Federal Audit Clearinghouse single audits (required of organizations expending $1,000,000+ in federal awards per year for fiscal years beginning on or after Oct 1, 2024; $750,000 before).