2024-02-02T11:50:59-06:00 2023-06-30 411656121 SCHLENNER WENNER & CO CPA'S PA 630 ROOSEVELT RD STE 201 ST CLOUD MN 56301 990 2022-07-01 411223547 FUNCTIONAL INDUSTRIES INC FUNC 7636824336 PO BOX 336 BUFFALO MN 55313 LISA M ZWART PRESIDENT AND CEO 7632335165 2024-01-15 1 LISA ZWART 999009999 0 SHELLEY M GAETZ P00066049 3202510286 2024-01-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X LISA M ZWART PO BOX 336 BUFFALO MN 55313 4880377 0 X WWW.FUNCTIONALINDUSTRIES.ORG X 1973 MN TO CREATE AND PROMOTE INNOVATIVE OPPORTUNITIES THAT REVEAL THE NATURAL POTENTIAL OF EACH PERSON WE SERVE. 9 7 306 9 0 0 1275353 905742 4181242 3886558 52315 85361 0 0 5508910 4877661 0 0 0 0 3729681 3421524 0 0 0 1592416 1582754 5322097 5004278 186813 -126617 11618869 12233501 519421 300151 11099448 11933350 TO CREATE AND PROMOTE INNOVATIVE OPPORTUNITIES THAT REVEAL THE NATURAL POTENTIAL OF EACH PERSON WE SERVE. 0 0 4092392 3886558 THE DREAM (DEVELOPING RELATIONSHIPS, EMPOWERMENT AND MOTIVATION) PROGRAM HAS CONTINUED ITS EFFORTS IN CREATING NEW INTEGRATED COMMUNITY OPPORTUNITIES. THERE HAVE BEEN SEVERAL NEW RELATIONSHIPS BUILT THROUGHOUT THIS PAST YEAR WHICH HAS CREATED MORE OPTIONS FOR INDIVIDUALS TO INTEGRATE IN THE COMMUNITY! IN ADDITION, THERE HAVE ALSO BEEN TWO NEW VOLUNTEER OPTIONS MADE AVAILABLE FOR INDIVIDUALS THAT WANT TO GIVE BACK TO THEIR LOCAL COMMUNITY. UNLIMITED POTENTIALS IS FUNCTIONAL INDUSTRIES (FII)'S IN-HOME SUPPORTS PROGRAM. THIS PROGRAM PROVIDES 1:1 SERVICES TO INDIVIDUALS THAT LIVE IN A NON-RESIDENTIAL SETTING. INDIVIDUALS IN THIS PROGRAM WANT TO WORK ON BEING MORE INDEPENDENT WITH THEIR DAILY LIVING SKILLS. THIS PAST YEAR WE HAVE HIRED A NEW POSITION TO OVERSEE THIS PROGRAM AND ADDRESS THE NEED FOR SERVICES IN THE WRIGHT COUNTY AREA. WE HAVE GROWN THIS PROGRAM FROM SERVING 8 INDIVIDUALS TO 18 INDIVIDUALS. THIS PROGRAM CONTINUES TO SHOW THAT THERE IS A NEED FOR WORKING 1:1 WITH INDIVIDUALS IN OUR LOCAL COMMUNITY AND SURROUNDING AREAS. PARTNERSHIPS WERE CREATED WITH A NEW CAREER SKILLS TRAINING AND DEVELOPMENT PROGRAM THROUGH UNIFIED WORK ACADEMY. THERE HAVE BEEN THREE COURSES OFFERED THIS PAST YEAR; TWO OF WHICH, FII COLLABORATED WITH ANOTHER EMPLOYMENT SUPPORTS PROGRAM. THIS PROGRAM PROVIDED MORE OPPORTUNITIES FOR INDIVIDUALS TO GAIN SOFT SKILLS, IDENTIFY THEIR AREAS OF INTEREST AND GAIN INDEPENDENCE WITH PUBLIC SPEAKING! 4092392 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 306 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X STEPHANIE FEEKES 7632335164 1803 HWY 25 N BUFFALO MN 55313 VINCENT LUNDEEN CHAIR 1.00 X X 0 0 0 MIKE FOELL VICE CHAIR 0.50 X X 0 0 0 SHAUN CORBIN TREASURER 0.50 X X 0 0 0 CHERRYL GILMER SECRETARY 0.50 X X 0 0 0 BRUCE ANDERSON DIRECTOR 0.50 X 0 0 0 STEPHANIE CAPPELLERI DIRECTOR 0.50 X 0 0 0 ROB STARK DIRECTOR 0.50 X 0 0 0 TRISH TAYLOR DIRECTOR 0.50 X 0 0 0 AMBER OSTER VICE PRESIDENT OF WORKFORCE SOLUTIONS 40.00 X 100979 0 34630 STEPHANIE FEEKES CHIEF FINANCIAL OFFICER 40.00 X 107191 0 38807 LISA ZWART PRESIDENT AND CEO 40.00 X 244340 0 43388 452510 0 116825 3 0 1 0 0 889175 16567 1298 905742 MEDICAL ASSISTANCE SUP 561300 2982328 2982328 CONTRACT INCOME 561300 434637 434637 MINNESOTA DES-VR SERVI 561300 352044 352044 COUNTY SERVICES 561300 117214 117214 OTHER PROGRAM REVENUE 561300 335 335 3886558 38977 38977 49100 2716 46384 46384 46384 4877661 3886558 0 85361 369322 280303 89019 2498156 2042451 455705 22088 18031 4057 252797 126491 126306 279161 239828 39333 98124 98124 114006 98606 15400 85923 73233 12690 181466 162021 19445 PARTICIPANT TRANSPORTAT 933299 920281 13018 SUPPLIES & PROGRAM EXPE 159502 124970 34532 MISCELLANEOUS 10434 6177 4257 5004278 4092392 911886 0 319796 597243 2391288 1391428 492442 1445139 63281 42883 4924163 2226067 2835942 2698096 5516120 6058712 11618869 12233501 519421 300151 519421 300151 X 11099448 11933350 11099448 11933350 11618869 12233501 -126617 -1298 961817 0 X 0 1 X 1 0 X 882800 743772 1844884 1275353 905742 5652551 882800 743772 1844884 1275353 905742 5652551 5652551 57836 104454 97156 18442 38977 316865 5969416 20345302 0.94690 0.94540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35471 35471 4069893 1532516 2537377 818799 693551 125248 2698096 CERTIFICATES OF DEPOSIT 4466311 F COMMON STOCK 1592401 F 6058712 X 4831277 0 4831277 46384 46384 4877661 4959192 1298 -46384 -45086 5004278 0 5004278 PART X, LINE 2: THE ORGANIZATION FOLLOWS FASB ASC TOPIC 740, UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(3). DUE TO THE NOT-FOR PROFIT NATURE AND PROVISION OF THE ORGANIZATION, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE ORGANIZATION ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE ORGANIZATION ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE ORGANIZATION IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE ORGANIZATION WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE ORGANIZATION IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS 46,384. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS -46,384. X 1 1 X X 0 0 0 0 0 0 0 0 0 LISA ZWART PRESIDENT AND CEO 186243 0 33097 0 25000 0 0 0 43388 0 287728 0 0 0 SHAUN CORBIN BOARD MEMBER, TREASURER 250658 OPENED A SAVINGS ACCOUNT 0 SHAUN CORBIN BOARD MEMBER, TREASURER 796681 PURCHASED CERTIFICATE OF DEPOSIT 0 ROB STARK BOARD MEMBER 1576675 OPENED AN ACCOUNT AND PURCHASED CERTIFICATE OF DEPOSITS 0 FORM 990, PART VI, SECTION B, LINE 11B A FINALIZED COPY OF THE FORM 990 IS PRESENTED TO THE ORGANIZATION'S PRESIDENT, CEO AND CFO FOR REVIEW. ONCE REVIEWED, THE PRESIDENT, CEO AND CFO DISCUSS ANY CHANGES THAT ARE NECESSARY. THE CFO COMPLETES ANY NECESSARY CHANGES AND THEN FORWARDS TO FII'S CORPORATE COMPLIANCE OFFICER FOR FINAL REVIEW. ONCE THE FINAL EDIT HAS BEEN APPROVED BY FII'S PRESIDENT, CEO, CFO AND THE CORPORATE COMPLIANCE OFFICER, THE FORM 990 IS SUBMITTED TO LEADERSHIP TO OBTAIN AUTHORIZED SIGNATURES. COPIES OF THE FORM 990 ARE FILED IN THE CFO'S ANNUAL AUDIT FILE AND WITH CORPORATE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNANCE CONDUCTS AN ANNUAL, FORMAL, WRITTEN REVIEW OF THE EXECUTIVE LEADERSHIP'S PERFORMANCE IN RELATION TO OVERALL CORPORATE PERFORMANCE VERSUS TARGET, INDIVIDUAL PERFORMANCE VERSUS TARGET, AND PROFESSIONAL DEVELOPMENT, ACCOMPLISHMENTS AND OPPORTUNITIES. A BOARD ENDORSED COMPENSATION PHILOSOPHY HAS PROVIDED A BROAD-BASED FOUNDATION FOR THE DESIGN AND IMPLEMENTATION OF AN EFFECTIVE COMPENSATION AND PERFORMANCE MANAGEMENT PLAN FOR EXECUTIVE LEADERSHIP. THE EXECUTIVE COMPENSATION AND MANAGEMENT PLAN IS BROAD ENOUGH TO PROVIDE AN ENDURING FOUNDATION, YET SPECIFIC ENOUGH TO ALLOW THE BOARD TO MAKE ANNUAL COMPENSATION DECISIONS BASED ON AN INFORMED AND REASONABLE BASIS. FUNCTIONAL INDUSTRIES UTILIZES THE SERVICES OF OUTSIDE CONSULTANTS TO DEVELOP/MAINTAIN AN EXECUTIVE COMPENSATION PLAN THAT WILL ATTRACT AND RETAIN LEADERSHIP TALENT, RESPOND TO MARKET TRENDS, REFLECT THE VALUE OF THE FUNCTIONAL DEMANDS OF EXECUTIVE WORK AND REWARD PERFORMANCE RESULTS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND POLICIES ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.