2024-05-15T13:16:42-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 4150 2ND STREET SOUTH SUITE 400 ST CLOUD MN 56301 990 2022-07-01 411555592 SOUTHWEST INITIATIVE FOUNDATION SOUT 3205874848 15 3RD AVE NW HUTCHINSON MN 55350 SCOTT MARQUARDT PRESIDENT/CEO 3205874848 2024-05-15 1 SCOTT MARQUARDT 999009999 0 KRISTIN L SCHMIDT CPA P01487323 3202035500 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SCOTT MARQUARDT 15 3RD AVE NW HUTCHINSON MN 55350 46007095 0 X WWW.SWIFOUNDATION.ORG X 1986 MN OUR MISSION IS CONNECTING PEOPLE, INVESTING IN IDEAS AND BUILDING COMMUNITIES. 11 11 27 300 0 0 11533461 10905312 717847 671974 7328558 1614187 75181 81005 19655047 13272478 6688096 5333725 0 0 2146696 2323485 0 0 649826 2449242 2678889 11284034 10336099 8371013 2936379 100435349 108175659 10788300 10601860 89647049 97573799 X SEE SCHEDULE O. 0 0 4502767 2892750 0 PROGRAMS (SEE SCHEDULE O). 2216537 2159119 0 AFFILIATE AND COMPONENT FUNDS (SEE SCHEDULE O). 1755142 281856 671974 ECONOMIC DEVELOPMENT (SEE SCHEDULE O). 8474446 1 1 0 1 0 1 0 0 1 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 76 0 27 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MN CA FL X MARGIE NELSEN CFO 3204849110 15 3RD AVE NW HUTCHINSON MN 55350 DIANA D ANDERSON FORMER PRESIDENT/CEO 50.00 X 165457 0 39706 SCOTT MARQUARDT CURRENT PRESIDENT/CEO 50.00 X 119457 0 24615 MARGIE NELSEN CFO 50.00 X 129113 0 5679 AMY WOITALEWICZ BUSINESS FINANCE DIRECTOR 50.00 X 109998 0 23864 PATRICIA LOEHR-DOLS CHAIR 6.00 X X 0 0 0 RANDY REINKE PAST CHAIR 4.00 X X 0 0 0 MARY CHRISTINE ROCK VICE CHAIR 6.00 X X 0 0 0 DANIEL GREVE TREASURER 4.00 X X 0 0 0 TERRY GAALSWYK SECRETARY 4.00 X X 0 0 0 TOM BRAKKE BOARD MEMBER 4.00 X 0 0 0 ABDIRIZAK MAHBOUB BOARD MEMBER 4.00 X 0 0 0 TERESA PETERSON BOARD MEMBER 4.00 X 0 0 0 ERICA VOLKIR BOARD MEMBER 4.00 X 0 0 0 KATHY WEHKING BOARD MEMBER 4.00 X 0 0 0 BENJAMIN WILCOX BOARD MEMBER 4.00 X 0 0 0 THERESA ZASKE BOARD MEMBER 4.00 X 0 0 0 524025 0 93864 3 1 1 0 RED STAR CREATIVE INC 103 15TH AVE NW STE 300 WILLMAR MN 562012199 BUSINESS CONSULTING 125750 1 487679 10417633 769324 10905312 LOAN INTEREST INCOME 900099 531518 531518 OTHER PROGRAM INCOME 900099 121696 121696 LOAN ADMIN FEES 900099 18760 18760 671974 2733989 2733989 81005 0 81005 81005 81005 31556853 57962 32687761 46856 -1130908 11106 -1119802 -1119802 13272478 671974 0 1695192 5080660 5080660 253065 253065 591496 417757 122874 50865 1363290 711379 374154 277757 65642 34038 18115 13489 174040 94892 45030 34118 129017 73839 32989 22189 58502 46603 3032 8867 78243 54685 14655 8903 299325 299325 305093 255331 30921 18841 58714 37095 13493 8126 128568 66723 24581 37264 318801 183697 77943 57161 55114 29941 15697 9476 137904 116572 6487 14845 91337 66786 13090 11461 55958 41227 9206 5525 201269 109423 57157 34689 37090 20251 10499 6340 FUNDRAISING COSTS 71549 51813 19736 PUBLIC RELATIONS 38540 28020 6137 4383 742882 700649 36442 5791 10336099 8474446 1211827 649826 3600 3600 1179718 1516045 3221626 2441977 9542235 9524791 88959 75749 4306481 1955263 2543756 2351218 73861970 82249621 9931826 9937871 61659 74787 100435349 108175659 1047299 521517 1927537 2488217 850083 714970 445320 1575410 1796720 967004 1239321 3975647 3841115 10788300 10601860 X 28833220 31359248 60813829 66214551 89647049 97573799 100435349 108175659 X 2936379 4802020 188351 X 0 1 X 1 1 1 X 3674093 6744893 8969349 11533461 10905312 41827108 3674093 6744893 8969349 11533461 10905312 41827108 8873813 32953295 3501894 3515926 2120591 6917496 2814994 18870901 60698009 2942507 0.54290 0.52810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 0 0 0 PART II-B, LINE 1: TESTIFIED AT STATE LEGISLATIVE HEARINGS ON BEHALF OF FUNDING BILLS THAT WOULD SUPPORT DEVELOPMENT OF RURAL CHILD CARE SERVICES, EXPANSION OF RURAL BROADBAND SERVICES, AND INVESTMENTS IN RURAL ECONOMIC AND WORKFORCE DEVELOPMENT PROGRAMS. 32 230 453551 2919876 358715 4920121 4217397 93356403 1 1 0 1 X 56667037 3736326 5443856 2851232 62995987 67222638 1102480 -8906232 2751849 56667037 54745386 1156537 13944769 2624054 67222638 55881915 598604 920282 2655415 54745386 55251515 752309 2392509 2514418 55881915 0.27480 0.67280 0.05240 0 0 1015000 1015000 1716299 704116 1012183 230956 214877 16079 1344226 1036270 307956 2351218 DONATED REAL ESTATE HELD AS INVESTMENTS 2124500 C FARMLAND WITH LIFE ESTATE 5884585 C CHARITABLE REMAINDER UNITRUST 199295 C INVESTMENTS HELD IN TRUST 1729491 C 9937871 ANNUITY PAYABLE 31888 LEASE LIABILITY 30663 LIFE ESTATE LIABILITY 3198270 OBLIGATIONS OF SPLIT-INTEREST AGREEMENTS 199295 INVESTMENT TRUST LIABILITY 380999 3841115 X 17716223 4802020 121238 4923258 12792965 299325 180188 479513 13272478 9789473 0 9789473 299325 247301 546626 10336099 PART IV, LINE 2B: ASSETS HELD ON DONOR'S BEHALF AT JUNE 30, 2023 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 4: 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. 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 ORGANIZATION QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. SWIF REAL ESTATE HOLDINGS LLC IS A 100% OWNED LLC AND IS CONSIDERED A DISREGARDED ENTITY 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 XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 121,238. PART XI, LINE 4B - OTHER ADJUSTMENTS: AGENCY FUND REVENUES 180,188. PART XII, LINE 4B - OTHER ADJUSTMENTS: AGENCY FUND EXPENSES 75,743. PROVISION FOR LOAN LOSS 171,558. 1 AUGUSTANA UNIVERSITY 2001 S SUMMIT AVE SIOUX FALLS SD 571970001 460224588 501(C)(3) 11624 0 ORGANIZATIONAL SUPPORT BENSON LIONS CLUB PO BOX 104 BENSON MN 562150104 416059572 501(C)(4) 11000 0 DISC GOLF COURSE BIBLES FOR MISSIONS THRIFT CENTERS 419 TENTH ST WORTHINGTON MN 56187 383084876 501(C)(3) 24770 0 BIBLES FOR MISSIONS THRIFT CENTERS - MSERP BLUE AND GOLD EDUCATIONAL FOUNDATION - DIST 891 108 SAINT OLAF AVE N CANBY MN 562201372 411522315 501(C)(3) 58334 0 FY23 DISBURSEMENT, CANBY HIGH SCHOOL SCHOLARSHIP AWARDS CHRIST LUTHERAN CHURCH PO BOX 87 HENDRICKS MN 561360087 411641584 501(C)(3) 5500 0 HENDRICKS FOOD SHELF CITY CENTRE PROFESSIONAL COMPLEX LLC 909 4TH AVE WORTHINGTON MN 561872365 550849731 8617 0 CITY CENTRE PROFESSIONAL COMPLEX - MSERP CITY OF COTTONWOOD PO BOX 106 COTTONWOOD MN 562290106 416005075 GOVERNMENT 175000 0 COTTONWOOD SPLASH PAD CITY OF DARWIN PO BOX 67 DARWIN MN 553240067 416008390 GOVERNMENT 13161 0 DARWIN EVENTS 2022 CITY OF GRANITE FALLS 641 PRENTICE ST GRANITE FALLS MN 562411517 416005203 GOVERNMENT 505624 0 RICHTER FIELD IMPROVEMENTS, YME SOFTBALL FIELD UPDATES, COMMUNITY PLAYGROUND, AND WEBBER PLAYGROUND CITY OF HENDRICKS PO BOX 86 HENDRICKS MN 561360086 416005227 GOVERNMENT 10000 0 HENDRICKS FIRE DEPARTMENT CITY OF IVANHOE PO BOX 54 IVANHOE MN 561420054 416005261 GOVERNMENT 20000 0 PARK IMPROVEMENTS AND IVANHOE FIRE DEPARTMENT CITY OF MADISON 404 6TH AVE MADISON MN 562561237 416005335 GOVERNMENT 14452 0 BASEBALL FIELD CITY OF MORTON PO BOX 127 MORTON MN 562700127 411619901 GOVERNMENT 12000 0 CITY BEAUTIFICATION PROJECT CITY OF PIPESTONE 119 2ND AVE SW PIPESTONE MN 561641683 416005460 GOVERNMENT 16457 0 MESSAGE SIGN AT HARMON PARK AND POWER OF PRODUCE (POP) CLUB PROGRAMS CITY OF WALNUT GROVE PO BOX 335 WALNUT GROVE MN 561800335 416005611 GOVERNMENT 10000 0 WALNUT GROVE AMBULANCE UPDATE LIFE SAVING EQUIPMENT CONEXIONES PO BOX 346 MORRIS MN 562670346 813094564 501(C)(3) 10000 0 CONNECTING SWIFT COUNTY COTTONWOOD ECONOMIC DEVELOPMENT AUTHORITY 78 W MAIN ST COTTONWOOD MN 562292137 416005075 GOVERNMENT 6000 0 COTTONWOOD CHILD CARE CENTER FOUNDATION FOR ESSENTIAL NEEDS 701 3RD ST N STE 203 MINNEAPOLIS MN 554011491 274342240 501(C)(3) 10000 0 FOOD SHELVES SUPPORT FOUNDATION FOR INNOVATION IN EDUCATION 1420 E COLLEGE DR MARSHALL MN 562582065 824640555 501(C)(3) 20000 0 CREATING ENTREPRENEURIAL OPPORTUNITIES (CEO) PROGRAM COTTONWOOD & JACKSON COUNTIES AND MINNESOTA RIVER VALLEY CEO PROGRAM FRIENDS OF THE AUDITORIUM INC 714 13TH ST WORTHINGTON MN 561872286 411760089 501(C)(3) 8000 0 CULTURAL PRIDE THROUGH NATIVE AMERICAN DANCE FRIENDS OF THE ORCHESTRA LTD 803 CHERYL AVE MARSHALL MN 562582117 411799541 501(C)(3) 5716 0 FISCAL YEAR 2023 DISBURSEMENT GREATER MILAN INITIATIVE PO BOX 128 MILAN MN 562620128 260774267 501(C)(3) 10000 0 MILAN KIDS CLUB/ECFE PROGRAM HENDRICKS COMMUNITY FOUNDATION PO BOX 86 HENDRICKS MN 561360086 331067345 501(C)(3) 10000 0 VETERAN'S MEMORIAL PARK INITIATIVE FOUNDATION 405 1ST ST SE LITTLE FALLS MN 563453007 363451562 501(C)(3) 480000 0 INITIATIVE FOUNDATION BELONGING, ANTI-HATE, AND ANTI-RACISM ISD #129 - MONTEVIDEO 2001 WILLIAMS AVE MONTEVIDEO MN 562651599 416000507 EDUCATION 24750 0 SIDEWALK PROJECT AND CREATE AND IMPLEMENT A FOUNDATIONS OF MEDICAL CAREERS ISD #2159 - BUFFALO LAKE-HECTOR-STEWART PO BOX 307 HECTOR MN 553420307 411751593 EDUCATION 40036 0 LITTLE STANGS LEARNING CENTER WORKFORCE, SPRING 2023 TEACHER'S GRANTS, LSLC PLAYGROUND PROJECT, AND SUMMER PAINTING PROJECT ISD #2180 - MACCRAY PO BOX 690 CLARA CITY MN 562220690 411783004 EDUCATION 14960 0 TEACHER'S GRANTS REQUEST ISD #2184 - LUVERNE PUBLIC SCHOOLS 709 N KNISS AVE LUVERNE MN 561561229 416008465 EDUCATION 27079 0 CHILD GUIDE PROGRAM ISD #2895 - JACKSON COUNTY CENTRAL PO BOX 119 JACKSON MN 561430119 411872029 EDUCATION 10500 0 2023 STUDENT SCHOLARSHIPS ISD #2902 - RUSSELL TYLER RUTHTON PUBLIC SCHOOLS PO BOX 659 TYLER MN 561780659 204928015 EDUCATION 32925 0 WEIGHT ROOM & ART CENTER, SCHOOL GRANTS, JUNIOR KNIGHTS, FITNESS, FFA, AND YEARBOOK PROGRAM ISD #2903 - ORTONVILLE PUBLIC SCHOOL 200 TROJAN DR ORTONVILLE MN 562781393 416000273 EDUCATION 5200 0 SCHOLARSHIPS, BPA, AND INDUSTRIAL TECH PROGRAM ISD #347 - WILLMAR 611 5TH ST SW WILLMAR MN 562013218 416001746 EDUCATION 40000 0 WEST CENTRAL MN TALKING IS TEACHING CAMPAIGN AND CHILD GUIDE PROGRAM ISD #403 - IVANHOE PUBLIC SCHOOL PO BOX 9 IVANHOE MN 561420009 416001990 EDUCATION 28000 0 OUTDOOR COMMUNITY BASKETBALL COURT ISD #423 - HUTCHINSON 30 GLEN ST NW HUTCHINSON MN 553501618 416002222 EDUCATION 14345 0 2022-2023 GRANTS AND MANUFACTURING AND HEALTH CAREER SUMMER EXPLORATORY CAMPS ISD #465 - LITCHFIELD SCHOOL 114 N HOLCOMBE AVE STE 110 LITCHFIELD MN 553552345 416002290 EDUCATION 22421 0 LHS SCHOLARSHIPS AND TEACHER'S GRANTS 2023 ISD #511 - ADRIAN PO BOX 40 ADRIAN MN 561100040 416008514 EDUCATION 7000 0 HEARING ASSISTANCE ISD #518 - WORTHINGTON 1117 MARINE AVE WORTHINGTON MN 561871610 416008522 EDUCATION 25500 0 VISION AND HEARING TEST EQUIPMENT AND DISCOVERY ROOM CREATION ISD #777 - BENSON PUBLIC SCHOOLS 1400 MONTANA AVE BENSON MN 562151246 416004181 EDUCATION 10000 0 MARCHING BAND COLORADO TOUR 2023 KANDIYOHI COUNTY FOOD SHELF 624 PACIFIC AVE SW WILLMAR MN 562013256 411432367 501(C)(3) 14000 0 KANDIYOHI COUNTY FOOD SHELF MARSHALL AREA YMCA 200 S A ST MARSHALL MN 562581700 411984589 501(C)(3) 20000 0 MIDDLE SCHOOL AFTER SCHOOL PROGRAM MCLEOD EMERGENCY FOOD SHELF-GLENCOE 719 13TH ST E STE A GLENCOE MN 553362802 411470696 501(C)(3) 7440 0 GLENCOE/HUTCHINSON FOOD SHELF MCLEOD EMERGENCY FOOD SHELF-HUTCHINSON 498 HIGHWAY 7 E HUTCHINSON MN 553501917 411470696 501(C)(3) 5907 0 HUTCHINSON SITE REFRIGERATION EXPANSION PROJECT MEEKER COUNTY FOOD SHELF 118 N SIBLEY AVE LITCHFIELD MN 553552139 411459645 501(C)(3) 5520 0 LITCHFIELD/DASSEL FOOD SHELF MINI SOTA AGRICULTURAL CHILDREN'S MUSEUM PO BOX 75 BENSON MN 562150075 921619710 501(C)(3) 14500 0 MINI SOTA AGRICULTURAL CHILDREN'S MUSEUM MINNESOTA COUNCIL ON FOUNDATIONS 800 WASHINGTON AVE N STE 703 MINNEAPOLIS MN 554012759 411269275 501(C)(3) 7750 0 2023 MCF MEMBERSHIP MINNESOTA RIVER AREA AGENCY ON AGING INC 201 N BROAD ST STE 102 MANKATO MN 560013569 261632413 501(C)(3) 9000 0 SUPPORTING COMMUNITY ENGAGEMENT MONTEVIDEO AREA YOUTH CENTER 802 N 2ND ST MONTEVIDEO MN 562651384 462666914 501(C)(3) 24495 0 CHIPPEWA VALLEY YOUTH CLUB AND BIENVENIDOS AMIGOS/WELCOME FRIENDS NEIGHBORS UNITED RESOURCE CENTER 415 9TH AVE STE 202 GRANITE FALLS MN 562411374 411637586 501(C)(3) 6000 0 FOOD SHELF BASIC NEEDS NORTHLAND FOUNDATION 202 W SUPERIOR ST STE 800 DULUTH MN 558021924 411554455 501(C)(3) 480000 0 NORTHLAND FOUNDATION BELONGING, ANTI-HATE, AND ANTI-RACISM NORTHWEST MINNESOTA FOUNDATION 201 3RD ST NW BEMIDJI MN 566013111 411556013 501(C)(3) 480000 0 NORTHWEST MINNESOTA FOUNDATION BELONGING, ANTI-HATE, AND ANTI-RACISM OUR LADY OF GUADALUPE FREE CLINIC PO BOX 731 WORTHINGTON MN 56187 461425247 501(C)(3) 10000 0 HEALTH CARE FOR THE UNDERSERVED OUR LADY OF THE LAKES 6680 153RD AVE NE SPICER MN 562889663 411308081 501(C)(3) 9000 0 MISSION SUPPORT PACT FOR FAMILIES COLLABORATIVE 2200 23RD ST NE STE 2030 WILLMAR MN 562016608 411857830 GOVERNMENT 10000 0 FOOD AND CONVENING PROJECT AND FAMILY RESILIENCY PROJECT PALMA CUSTOMS AND AUTO SALES LLC 1426 OXFORD ST WORTHINGTON MN 561871764 474503961 30000 0 PALMA 1506 - MSERP PIPESTONE COUNTY FOOD SHELF 223 2ND ST NW PIPESTONE MN 561641635 550888466 501(C)(3) 5920 0 PIPESTONE FOOD SHELF PIPESTONE SENIOR CITIZENS CENTER PO BOX 291 PIPESTONE MN 561640291 411470351 501(C)(3) 125000 0 SCHROEDER SENIOR CENTER AND FOOD SHELF BUILDING PRAIRIE FIVE COMMUNITY ACTION COUNCIL PO BOX 159 MONTEVIDEO MN 562650159 410904802 501(C)(3) 110000 0 AGING WELL PROGRAM - YEAR 7 & 8, GROUP CDA COURSE, AND VITA FREE TAX CLINIC PRAIRIE HOME HOSPICE AND COMMUNITY CARE 1108 E COLLEGE DR MARSHALL MN 562581902 411494079 501(C)(3) 10108 0 FISCAL YEAR 2023 DISBURSEMENT REACH OUT AND READ MINNESOTA 3800 AMERICAN BLVD W BLOOMINGTON MN 554314420 811641189 501(C)(3) 10000 0 REACH OUT AND READ IN SOUTHWEST MN REBUILDING TOGETHER-TWIN CITIES PO BOX 266 WINDOM MN 561010266 411893180 501(C)(3) 20000 0 COTTONWOOD COUNTY REBUILDING DAY SAINT JOHN'S SCHOOL OF THEOLOGY AND SEMINARY PO BOX 5866 COLLEGEVILLE MN 563215866 453656162 RELIGIOUS 15000 0 PREPARING FOR PRIESTHOOD SOUTHERN MINNESOTA INITIATIVE FOUNDATION PO BOX 695 OWATONNA MN 550600695 363454285 501(C)(3) 480000 0 SOUTHERN MINNESOTA INITIATIVE FOUNDATION BELONGING, ANTI-HATE, AND ANTI-RACISM SPLASH ISLAND ADVENTURE PARK 731 GROVE AVE BIRD ISLAND MN 553101173 872232098 501(C)(3) 6000 0 SPLASH ISLAND ADVENTURE PARK FEATURE ST JAMES EPISCOPAL CHURCH 101 N 5TH ST MARSHALL MN 562581303 416098516 501(C)(3) 14344 0 FISCAL YEAR 2023 DISBURSEMENT ST JOHNS PREPARATORY SCHOOL PO BOX 4000 COLLEGEVILLE MN 563214000 410693973 RELIGIOUS 10000 0 TUITION ASSISTANCE TSADKANE MARIAM ETHIOPIAN ORTHODOX TEWAHEDO CHURCH 1724 CLIFTON AVE WORTHINGTON MN 561871963 465411580 501(C)(3) 30000 0 MSERP - TSADKANE MARIAM ETHIOPIAN ORTHODOX TEWAHEDO CHURCH UNITED COMMUNITY ACTION PARTNERSHIP 1400 S SARATOGA ST MARSHALL MN 562583114 410904860 501(C)(3) 45830 0 HELPING PEOPLE GET THERE AND KITCHEN TABLE FOOD SHELF-MARSHALL UNITED WAY OF MCLEOD COUNTY PO BOX 504 HUTCHINSON MN 553500504 416051875 501(C)(3) 15000 0 UWMC DOLLY PARTON IMAGINATION LIBRARY (DPIL) AND DOLLY PARTON IMAGINATION LIBRARY: WELCOME TO READING BABY! 2023 UNITED WAY OF WEST CENTRAL MINNESOTA PO BOX 895 WILLMAR MN 562010895 410844871 501(C)(3) 10000 0 GROWMOBILE PRESCHOOL SCREENING AND EVALUATION VEHICLE WEST CENTRAL INITIATIVE PO BOX 318 FERGUS FALLS MN 565380318 363453471 501(C)(3) 480000 0 WEST CENTRAL INITIATIVE BELONGING, ANTI-HATE, AND ANTI-RACISM WESTERN MENTAL HEALTH CENTER 1212 E COLLEGE DR MARSHALL MN 562582010 410877940 501(C)(3) 6220 0 TRAUMA-FOCUSED COGNITIVE BEHAVIORAL THERAPY WILLIAMS FAMILY COMPANIES 1045 20TH ST SE MONTEVIDEO MN 562654058 832335973 50786 0 SQUEAKY CLEAN CAR WASH - MSERP WORTHINGTON AREA YMCA 1501 COLLEGEWAY WORTHINGTON MN 561873028 416007569 501(C)(3) 8071 0 FISCAL YEAR 2023 DISBURSEMENT 53 20 CARES ACT GRANTS 7 171234 MSERP INDIVIDUALS 4 81831 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. X X X 0 0 0 0 0 0 0 0 0 DIANA D ANDERSON FORMER PRESIDENT/CEO 141132 0 0 0 24325 0 8275 0 31431 0 205163 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE RECEIVES SOURCED DATA, INCLUDING 990'S FROM OTHER ORGANIZATIONS AND THE GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE. THIS DATA IS REFRESHED ANNUALLY, INCORPORATING A WAGE INFLATION INDICATOR PROVIDED BY GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE. THE BOARD OVERSEES THE COMPENSATION OF THE PRESIDENT/CEO. TO ENSURE THAT WE REMAIN COMPETITIVE AMONG OUR EMPLOYEES, THE FOUNDATION CONTINUOUSLY MONITORS THE LABOR MARKET, CONDUCTING A COMPREHENSIVE MARKET REVIEW ANNUALLY, FACILITATED BY GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE AND OVERSEEN BY THE PRESIDENT/CEO. PAY STRUCTURES (I.E., JOB VALUES) ARE EVALUATED AND ADJUSTED (AS APPROPRIATE) CONSISTENT WITH CHANGES IN THE LABOR MARKET WITHIN WHICH THE FOUNDATION COMPETES FOR TALENT AND WITH CONSIDERATION FOR OUR OVERALL BUDGET AND SUSTAINABILITY OVER TIME. INDIVIDUAL PAY ADJUSTMENTS ARE THEN MADE BASED UPON CHANGES IN THE LABOR MARKET FOR THEIR POSITION AND PERFORMANCE IN THE ROLE TO ENSURE RESULTING PAY IS COMPETITIVE AND EQUITABLE ACROSS THE FOUNDATION, PARTICULARLY FOR KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES. ANNUALLY, THIS REVIEW INCORPORATES A WAGE INFLATION INDICATOR PROVIDED BY GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE. X 40 766474 HI/LOW AVERAGE SALE X CONSULTING 1 2850 HOURLY RATE 0 0 1 0 PART I, COLUMN (B): THERE WERE 41 ITEMS CONTRIBUTED DURING THE YEAR. FORM 990, PART III, LINE 1, ORGANIZIATION'S MISSION SOUTHWEST INITIATIVE FOUNDATION (SWIF) IS A NONPROFIT COMMUNITY FOUNDATION CONNECTING PEOPLE, INVESTING IN IDEAS AND BUILDING COMMUNITIES TO CREATE A SOUTHWEST MINNESOTA WHERE ALL PEOPLE THRIVE. SINCE ITS FOUNDING IN 1986, SWIF HAS DISTRIBUTED MORE THAN $115 MILLION THROUGH ITS GRANTMAKING AND BUSINESS FINANCE PROGRAMS. A TALENTED TEAM OF STAFF AND DEDICATED BOARD MEMBERS WORK ALONGSIDE OUR PARTNERS, DONORS AND COMMUNITY LEADERS ON PROJECTS AND PROGRAMS THAT DIRECTLY SUPPORT OUR MISSION. FROM THE BEGINNING, WE HAVE FOCUSED ON SOCIAL AND ECONOMIC GROWTH IN SOUTHWEST MINNESOTA. THE 18 COUNTIES AND TWO NATIVE NATIONS WE CALL HOME ARE CONTINUOUSLY EVOLVING, AND SWIF HAS GROWN AND RESPONDED TO OUR REGION'S CHANGING NEEDS. OUR WORK CAN LOOK DIFFERENT FROM ONE PROGRAM, PARTNERSHIP OR PLACE TO ANOTHER. OUR ORGANIZATIONAL VALUES OF EQUITY, INTEGRITY, CURIOSITY, COLLABORATION AND OPTIMISM GUIDE OUR WORK AND ENSURE WE BRING THE SAME CARE AND COMMITMENT TO EVERY INTERACTION. SWIF IS UNIQUELY POSITIONED TO PROVIDE REGIONAL LEADERSHIP, OFFERING A TRUSTED PERSPECTIVE THAT CAN UNITE EFFORTS AND LEADERS THROUGHOUT SOUTHWEST MINNESOTA. AS AN INDEPENDENT COMMUNITY FOUNDATION, SWIF CARRIES A LONG-TERM COMMITMENT TO THE REGION AND CAN LEVERAGE OUTSIDE FUNDING AND EXPERTISE. SWIF ALSO HAS A DEEP HISTORY OF BRINGING PEOPLE TOGETHER FROM ALL SECTORS TO EXPLORE AND IMPLEMENT LOCAL SOLUTIONS. 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. WE CONTINUE 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 OUR 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. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS IN 2016, SOUTHWEST INITIATIVE FOUNDATION EMBARKED ON A FOCUSED APPROACH TO HELP ALL SOUTHWEST MINNESOTA KIDS SUCCEED TOWARD ECONOMIC MOBILITY, KNOWN AS THE GROW OUR OWN INITIATIVE. THE ENTIRETY OF THE COMMUNITY IMPACT TEAM IS ALIGNED TO WORK AT THE COMMUNITY LEVEL, EQUIPPING RESIDENTS AND ORGANIZATIONS WITH OPPORTUNITIES TO STRENGTHEN THEIR NETWORKS, BONDS, SUPPORTS AND PROGRAMS. THROUGH THESE COMMUNITY DEVELOPMENT EFFORTS, WE CAN LEAD INDIVIDUALS AND COMMUNITIES THROUGH GROWTH. SWIF HAS RELAUNCHED GROWING LOCAL: EMERGING LEADERS, 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 FOR SW MN. SWIF COORDINATES WELCOMING WEEK EFFORTS ACROSS SW MN 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 PART OF OUR MEMBERSHIP IN WELCOMING AMERICA, THE NATIONAL ORGANIZATION FOUNDING WELCOMING WEEK. THE WELCOMING AND INCLUSIVE COMMUNITIES PROJECT AT SWIF 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. OVER THE PAST SEVEN YEARS, SWIF GRANTS HAVE ALIGNED WITH GROW OUR OWN. AN OPEN GRANT ROUND ATTRACTED PROJECTS AND PROGRAMS THAT SUPPORT STABLE PARENTING AND FAMILIES, EARLY CARE AND EDUCATION, YOUTH ENGAGEMENT, VIBRANT AND WELCOMING COMMUNITIES, AND CAREER READINESS. EXAMPLES INCLUDE SUPPORT FOR FINANCIAL PLANNING, EARLY CHILDHOOD DEVELOPMENT, PROVIDER TRAINING, YOUTH ACTIVITIES AND JOB SHADOWING/TRAINING. RELIEF EFFORTS FOLLOWING THE PANDEMIC INCLUDED GRANTS TO SOUTHWEST MINNESOTA ORGANIZATIONS PROVIDING FUNDING TO PROGRAMS FOR EARLY CHILDHOOD DEVELOPMENT THROUGH SOCIAL AND EMOTIONAL SUPPORTS FOR THE CHILDREN AND TRAINING FOR THE PROVIDERS OF THESE SERVICES. SWIF ALSO DEMONSTRATED THE BEST PRACTICES LEARNED THROUGH THE PHILANTHROPIC PREPAREDNESS, RESILIENCE & EMERGENCY PARTNERSHIP. SWIF IS ONE OF 18 COMMUNITY FOUNDATIONS FROM ACROSS A 10-STATE NETWORK PARTICIPATING IN A DISASTER-PREPAREDNESS, RESPONSE AND RECOVERY PROGRAM. SWIF'S PAUL AND ALMA SCHWAN AGING TRUST ENDOWMENT FUND CONTINUES TO PROMOTE PRODUCTIVE AGING IN SOUTHWEST MINNESOTA. ESTABLISHED IN 1991, THIS IS A KEY EXAMPLE OF THE LEGACY AND IMPACT DONORS CAN MAKE THROUGH SWIF. IT CONTINUES TO FUND AGE-FRIENDLY COMMUNITIES WORK LAUNCHED IN 2016, IN PARTNERSHIP WITH THE MINNESOTA RIVER AREA AGENCY ON AGING, THE LOWER SIOUX INDIAN COMMUNITY AND THE PRAIRIE FIVE COMMUNITY ACTION AGENCY. THIS FUND ALSO SUPPORTS A RESPONSIVE GRANT FUND FOR COMMUNITY PROJECTS THAT REDUCE SOCIAL ISOLATION AND LONELINESS FOR SENIOR CITIZENS IN SOUTHWEST MINNESOTA. FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS SOUTHWEST INITIATIVE FOUNDATION MOBILIZES VOLUNTEERS AND DONORS THROUGHOUT SOUTHWEST MINNESOTA TO CREATE A CULTURE OF GIVING THAT IS, AT ITS CORE, INCLUSIVE, TRANSFORMATIVE AND LOCALLY-INVESTED. THIS NETWORK OF VOLUNTEERS EXTENDS SWIF'S REACH INTO LOCAL COMMUNITIES AND OFFERS A UNIQUE MODEL FOR PEOPLE TO SUPPORT THE CAUSES THEY CARE MOST ABOUT IN THE PLACE THEY CALL HOME. SOUTHWEST INITIATIVE FOUNDATION'S COMMUNITY FOUNDATION PROGRAM ESTABLISHES A GEOGRAPHICALLY FOCUSED FUND, KNOWN AS AN AFFILIATE FOUNDATION. THROUGH A PARTNERSHIP THAT IS MUTUALLY BENEFICIAL, THE COMMUNITY FOUNDATION PROGRAM FUNCTIONS AS A WELL-ESTABLISHED METHOD OF RETAINING CHARITABLE DOLLARS IN THE REGION AND USING THOSE DOLLARS TO SUPPORT COMMUNITY NEEDS AND OPPORTUNITIES. VOLUNTEER ADVISORY BOARDS DRIVE LOCAL MISSION, ACTIVITIES, AND IMPACT FOR SWIF'S 30 AFFILIATES. SWIF PROVIDES THE ADMINISTRATIVE, INVESTMENT AND 501(C)(3) INFRASTRUCTURE, AS WELL AS A SERIES OF "LAUNCH MEETINGS" TO PROVIDE BOARD TRAINING FOR NEW AFFILIATES. ADDITIONALLY, TECHNICAL AND PROFESSIONAL SUPPORT IN AREAS LIKE STRATEGIC PLANNING, FUNDRAISING, MARKETING, PUBLIC RELATIONS, AND GRANTMAKING ARE PROVIDED ON AN ONGOING BASIS FOR ALL PARTNERS. AFFILIATE VOLUNTEERS ARE OFTEN WELL ESTABLISHED OR EMERGING COMMUNITY LEADERS, MAKING PROJECTS LIKE PARK IMPROVEMENTS, SWIMMING POOLS, BACKPACK FOOD PROGRAMS, BAND INSTRUMENTS, STUDENT FIELD TRIPS AND SO MUCH MORE POSSIBLE THROUGH ANNUAL GRANTMAKING AND SPECIAL INITIATIVES. IN ADDITION TO AFFILIATE FUNDS, SWIF HOSTS DONOR-ADVISED FUNDS WHICH ALLOW AN INDIVIDUAL DONOR OR FAMILY TO PROVIDE INPUT REGARDING GRANT DISTRIBUTIONS. THESE FUNDS CAN BE ENDOWED OR NON-ENDOWED (PASS-THROUGH) AND ARE CREATED WITH A FAMILY'S GOALS AND LEGACY IN MIND. MANY DONORS FIND THAT SWIF DESIGNATED OR COMPONENT FUNDS ARE ATTRACTIVE OPTIONS TO SUPPORT THEIR CHARITABLE INTERESTS WHILE RELIEVING THEM OF THE ADMINISTRATIVE RESPONSIBILITIES THAT CAN OFTEN BECOME OVERWHELMING FOR FAMILIES AND VOLUNTEERS. ALL FUNDS UNDER THE SWIF UMBRELLA CAN RECEIVE MANY TYPES OF GIFTS, INCLUDING CASH, APPRECIATED SECURITIES, REAL ESTATE, FARMLAND-WHICH CAN STAY IN PRODUCTION THROUGH SWIF'S KEEP IT GROWING FARMLAND RETENTION PROGRAM-AND PLANNED GIFTS, SUCH AS CHARITABLE GIFT ANNUITIES AND BEQUESTS. SWIF CAN CREATE A FUND THAT FULFILLS CHARITABLE GOALS OF A DONOR WHEN THE DONOR'S PRIMARY INTERESTS ARE WITHIN THE 18-COUNTY SERVICE AREA. SWIF FUNDS OFFER UNIQUE POTENTIAL TO KEEP SOUTHWEST MINNESOTA COMMUNITIES, SCHOOLS AND ORGANIZATIONS STRONG AND VIBRANT. THEY CONNECT SOUTHWEST INITIATIVE FOUNDATION COMMUNITY-MINDED PEOPLE AND LOCAL NEEDS WITH THE RESOURCES NECESSARY FOR LONG LASTING IMPACT. FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS FOSTERING ENTREPRENEURSHIP, SUPPORTING THE RETENTION AND EXPANSION OF EMPLOYERS, AND HELPING ENSURE A PIPELINE OF SKILLED AND AVAILABLE TALENT ARE CRITICAL FOR SWIF'S GROW OUR OWN INITIATIVE, A COMPREHENSIVE APPROACH TO HELP ALL SOUTHWEST MINNESOTA KIDS SUCCEED. 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 MICROENTERPRISE 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 MICROENTERPRISE 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 WHO 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 MICROLENDER THROUGH THE U.S. SMALL BUSINESS ADMINISTRATION (SBA) AND A RURAL MICROENTREPRENEUR ASSISTANCE PROGRAM LENDER THROUGH THE U.S. DEPARTMENT OF AGRICULTURE (USDA). CHILD CARE IS THE FASTEST GROWING ECONOMIC DEVELOPMENT ISSUE FACING OUR REGION. SWIF HAS DEVELOPED A MULTI-FACETED 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 CHILD CARE. 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 CHILD CARE, HOUSING, AND BROADBAND. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE OFFICERS OF THE CORPORATION; CHAIRPERSON, VICE-CHAIRPERSON, SECRETARY AND 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 EXECUTIVE COMMITTEE ARE REVIEWED BY THE FULL BOARD AND RATIFIED AT THE NEXT SCHEDULED FULL BOARD MEETING. FORM 990 PART VI SECTION A, LINE 2: BOARD MEMBERS DO NOT HAVE FAMILY OR BUSINESS RELATIONSHIPS WITH EACH OTHER. IF A RELATIONSHIP ARISES, IT MUST BE DISCLOSED AT THAT TIME. A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ANNUALLY, AND EACH BOARD MEETING HAS A STANDING AGENDA ITEM ASKING FOR DISCLOSURES AS WELL. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS REVIEWED BY APPROPRIATE STAFF IN THE FOUNDATION AND THEN PRESENTED TO THE FINANCE AND AUDIT COMMITTEE FOR REVIEW AND RECOMMENDATION TO THE BOARD. THE FULL BOARD RECEIVES A COPY OF THE FORM ON THE BOARD PORTAL PRIOR TO VOTING ON THE RECOMMENDATION. FORM 990, PART VI, SECTION B, LINE 12C AT THE COMMENCEMENT OF EACH FISCAL YEAR, ALL EMPLOYEES RECEIVE THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE. ADDITIONALLY, SHOULD THEY 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 15 THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE PRESIDENT/CEO. THE EXECUTIVE COMMITTEE WORKS WITH AN OUTSIDE CONSULTING COMPANY TO UNDERTAKE AN ANNUAL REVIEW TO EVALUATE THE FOUNDATION'S EXECUTIVE COMPENSATION PROGRAM AGAINST THE COMPETITIVE MARKET USING INFORMATION GATHERED ON COMPARABLE POSITIONS WITHIN THE SPECIFIC INDUSTRY SECTOR AND FROM INDEPENDENTLY PUBLISHED SURVEYS. THE EXECUTIVE COMMITTEE MEETS INDEPENDENT OF THE PRESIDENT/CEO TO DISCUSS PERFORMANCE RELATIVE TO THE POSITION DESCRIPTION. DURING THESE DELIBERATIONS, THE COMMITTEE ALSO CONSIDERS INPUT OBTAINED FROM OTHER BOARD MEMBERS, STAFF, PROFESSIONAL ADVISORS, GRANT RECIPIENTS AND OTHER INFORMED COMMUNITY LEADERS. THE DATE OF DELIBERATIONS AND SUBSEQUENT MEETINGS WITH THE PRESIDENT/CEO ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETING, AND THE OUTCOME IS MAINTAINED IN THE CONFIDENTIAL PERSONNEL FILES OF THE FOUNDATION. THE LAST COMPENSATION REVIEW WAS COMPLETED IN 2023 FOR THE PRESIDENT/CEO. FORM 990, PART VI, SECTION C, LINE 19 CONDENSED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN AGENCY FUNDS -104,445. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 121,238. PROVISION FOR LOAN LOSSES 171,558. SWIF REAL ESTATE HOLDINGS LLC 15 3RD AVE NW HUTCHINSON MN 55350 475210879 MN 0 0 SOUTHWEST INITIATIVE FOUNDATION