2025-08-15T12:22:40-04:00 2024-12-31 411737358 BURKHARDT & BURKHARDT LTD 430 S BROAD ST STE 100 MANKATO MN 56001 990 2024-01-01 472790832 GREATER MANKATO GROWTH INC FOUNDATION GREA 5073856645 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 DAVID KRAUSE CHAIR 5073856640 2025-08-13 true true JEFFREY BURKHARDT P00037277 5073871338 2025-08-15 2024 2025-03-06 01:10:19Z DAVID KRAUSE 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 71557 false X X 2015 MN SEE PART III, LINE 1 9 9 0 9 0 32749 19000 33500 46875 3888 5682 0 70137 71557 76249 65875 0 0 0 0 3816 5682 80065 71557 -9928 0 1093851 748110 990263 650587 103588 97523 THE ORGANIZATION PROVIDES SUPPORT FOR VARIOUS CHARITABLE CAUSES WITHIN THE GREATER COMMUNITY OF MANKATO, MINNESOTA IN ORDER TO CONTRIBUTE TO THE GROWTH, BETTERMENT AND VITALITY OF THE COMMUNITY. false false 55875 55875 46875 GRANTS WERE PROVIDED TO BE USED FOR THE CITY ART PROGRAM IN MANKATO, MINNESOTA 14599 10000 DONATIONS TO LOCAL ORGANIZATIONS FOR FINANCIAL ASSISTANCE. 70474 true true false false false false false false false false false false false true true true false true false false false false false false false false false true false false false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false X 9 9 false false false false false false false true true false false false true true true true true false false false MN X DARCY ENTER 5073856648 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 X DAVID KRAUSE CHAIR 1.00 2.50 X 0 0 0 CHARLIE WHITAKER PAST CHAIR 1.00 1.00 X 0 0 0 DAVID KIM VICE CHAIR 1.00 1.00 X 0 0 0 BEN ELLINGSON TREASURER/SE 1.00 2.50 X 0 0 0 DR JAMES HEBL MD BOARD MEMBER 1.00 1.00 X 0 0 0 LIZ ULMAN BOARD MEMBER 1.00 1.00 X 0 0 0 WESLEY OTTO BOARD MEMBER 1.00 2.50 X 0 0 0 SAMANTHA BOECK BOARD MEMBER 1.00 1.00 X 0 0 0 DELLA SCHMIDT BOARD MEMBER 5.00 40.00 X 0 0 0 false false false 19000 19000 SCULPTURE SALES 900099 46875 46875 46875 5682 5682 71557 52557 65875 65875 1026 830 196 MANAGEMENT FEES 4656 3769 887 71557 70474 1083 0 189325 243968 801035 406716 103491 97426 1093851 748110 990263 650587 990263 650587 X 101195 75506 2393 22017 103588 97523 1093851 748110 X 0 -6065 X false true X true false X 29500 26199 94550 32749 19000 201998 29500 26199 94550 32749 19000 201998 201998 3888 5682 9570 33500 46875 80375 291943 0.69190 0.89320 X PART II, LINE 10 OTHER INCOME 33,500 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INVESTMENT IN CITY ART 97426 97426 AGENCY OBLIGATION 645931 DUE TO RELATED PARTY 4656 650587 X 71557 71557 71557 77622 6065 6065 71557 71557 SCHEDULE D, PAGE 3, PART X GREATER MANKATO GROWTH INC FOUNDATION (GMGIF) IS ORGANIZED AS A MINNESOTA NONPROFIT CORPORATION AND IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, GMGIF HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(I)(A)(VI). GMGIF IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, GMGIF IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT GMGIF IS NOT SUBJECTED TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME RETURN (FORM 990-T) WITH THE IRS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST EXPENSE AND PENALTIES RELATED TO INCOME TAX MATTERS WITHIN ITS PROVISION FOR INCOME TAXES. MANAGEMENT OF THE ORGANIZATION BELIEVES THERE IS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XII, LINE 2D UNREALIZED EARNINGS FROM AFFILIATE 6,065 true PRAIRIE LAKES REGIONAL ARTS COUNCIL 105 22ND AVE NE SUITE A WASECA MN 56093 3 9000 FINANCIAL ASSISTANCE CITY CENTER PARTNERSHIP LLC 3 CIVIC CENTER PLAZA MANKATO MN 56001 6 7500 FINANCIAL ASSISTANCE CITYART LLC 3 CIVIC CENTER PLAZA MANKATO MN 56001 842804805 3 46875 FINANCIAL ASSISTANCE 3 SCHEDULE I, PAGE 4, PART IV THE ORGANIZATION RECEIVES CONFIRMATION FROM GRANTEES THAT THE GRANTS WERE USED FOR THE DEFINED PURPOSE. FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCE AND BENEFITS MANAGER AND VICE PRESIDENT REVIEW THE 990. THEN PROVIDE TO BOARD TO ACCEPTS ON A CONSENT AGENDA. FORM 990, PAGE 6, PART VI, LINE 12C A CONFLICT-OF-INTEREST DISCLOSURE STATEMENT IS COMPLETED BY ALL BOARD MEMBERS AND EXECUTIVE OFFICERS OF GREATER MANKATO GROWTH FOUNDATION. THIS POLICY PERTAINS TO DIRECTORS AND OFFICERS WHO CAN INFLUENCE THE ACTIONS OF GREATER MANKATO GROWTH FOUNDATION. DISCLOSURE OF POTENTIAL CONFLICT SHOULD BE MADE TO THE CHIEF EXECUTIVE OFFICER (OR IF THE CEO HAS THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR (OR IF THE BOARD CHAIR HAS A CONFLICT, THEN TO THE BOARD VICE-CHAIR) WHO SHALL BRING THESE MATTERS TO THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR AND REASONABLE TO GREATER MANKATO GROWTH FOUNDATION. THE DECISION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION AND THEIR CONCERN MUST BE THE WELFARE OF GREATER MANKATO GROWTH FOUNDATION AND THE ADVANCEMENT OF ITS PURPOSE. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1.THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2.THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3.A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS AND; 4.THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. IT IS THE CONTINUING RESPONSIBILITY OF THE BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND TO IMMEDIATELY MAKE SUCH DISCLOSURES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST; HOWEVER, NO REQUEST WAS MADE IN THE CURRENT YEAR. FORM 990, PART XI, LINE 9 UNREALIZED EARNINGS FROM AFFILIATE -6,065 CITY ART LLC 523 2ND ST S MANKATO MN 56001 CHARITY MN 3 7 GMGF true GREATER MANKATO GROWTH INC 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 411446548 GROWITH MN 6 N/A true false false false false false false false false false false false false false false false false false false false