Nonprofit · EIN 93-3064878
INITIATIVE FOUNDATION IMPACT FUND
Tax-exempt · LITTLE FALLS, MN 56345
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $384,198 | $486,542 | -$102,344 | $2,204,014 | $39,349 | $2,164,665 |
| December 31, 2024 | 990 | $2,058,149 | $253,782 | $1,804,367 | $2,851,898 | $584,889 | $2,267,009 |
| December 31, 2023 | 990 | $798 | $33,156 | -$32,358 | $465,348 | $2,706 | $462,642 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $287,319
- of which government grants
- $286,319
- Program service revenue
- $60,337
- Investment income
- $36,542
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $14,563
- Accounting fees
- $10,400
- Occupancy
- $5,394
- Travel
- $23,309
- Depreciation
- $2,894
- Program services (functional)
- $427,042
- Management and general (functional)
- $46,289
- Fundraising (functional)
- $13,211
Balance sheet and other
- Total assets, start of year
- $2,851,898
- Total assets, end of year
- $2,204,014
- Total liabilities, end of year
- $39,349
- Net assets, end of year
- $2,164,665
- Net assets without donor restrictions
- $2,164,665
- Gross receipts
- $384,198
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2023
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK TIETZ | TRUSTEE/TREASURER Trustee or director, Officer | 2 | $0 |
| BRETT ANDERSON | TRUSTEE/BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| BAABIITAW BOYD | TRUSTEE/VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| SHIRWA ADAN | TRUSTEE Trustee or director | 2 | $0 |
| ROB AITKIN | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK TIETZ | TRUSTEE/TREASURER Trustee or director, Officer | 2 | $0 |
| BRETT ANDERSON | TRUSTEE/BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| BAABIITAW BOYD | TRUSTEE/VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| SHIRWA ADAN | TRUSTEE Trustee or director | 2 | $0 |
| ROB AITKIN | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| BRIAN VOERDING | INITIATIVE FOUNDATION PRESIDENT Trustee or director, Officer | 2 | $0 | $132,582 |
| BRETT ANDERSON | TRUSTEE/BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DAVID MONROY | TRUSTEE/VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 405 1ST ST SE, LITTLE FALLS, MN 56345-3007
- Principal officer (990 for 2025)
- BAABIITAW BOYD, 405 FIRST ST SE, LITTLE FALLS, MN 56345
- Signed the 990
- BAABIITAW BOYD, BOARD VICE CHAIR
- Phone
- (320) 631-2050
- Website
- WWW.IFOUND.ORG
- Return prepared by
- SCHLENNER WENNER & CO CPA'S PA
Mission
TO EMPOWER PEOPLE TO BUILD THRIVING COMMUNITIES AND A VIBRANT REGION ACROSS CENTRAL MINNESOTA.
Program accomplishments
- THE INITIATIVE FOUNDATION IMPACT FUND IS A SUBSIDIARY LENDING INSTITUTION PROVIDING COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) ACTIVITIES. THE IMPACT FUND DEPLOYS CAPITAL IN UNDERSERVED AND CDFI-ELIGIBLE LOW-INCOME COMMUNITIES WITHIN THE INITIATIVE FOUNDATION'S SERVICE AREA. IN 2025 THE IMPACT FUND DEPLOYED SEVEN LOANS TOTALING $730,000.Expenses $427,042 · revenue $60,337
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 93-3064878
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $2,204,014
- Income (IRS master file)
- $384,198
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $384,198 | $486,542 | $2,204,014 | XML |
| 990 | December 2024 | $2,058,149 | $253,782 | $2,851,898 | XML |
| 990 | December 2023 | $798 | $33,156 | $465,348 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-3064878).
Questions about INITIATIVE FOUNDATION IMPACT FUND
- What is the EIN of INITIATIVE FOUNDATION IMPACT FUND?
- The employer identification number (EIN) of INITIATIVE FOUNDATION IMPACT FUND is 93-3064878.
- Is INITIATIVE FOUNDATION IMPACT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to INITIATIVE FOUNDATION IMPACT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INITIATIVE FOUNDATION IMPACT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INITIATIVE FOUNDATION IMPACT FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INITIATIVE FOUNDATION IMPACT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INITIATIVE FOUNDATION IMPACT FUND?
- The 990 for the year ended December 31, 2025 names BAABIITAW BOYD.
- Who are the officers and directors of INITIATIVE FOUNDATION IMPACT FUND?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does INITIATIVE FOUNDATION IMPACT FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $384,198, expenses of $486,542 and total assets of $2,204,014 at year end.
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All nonprofits in LITTLE FALLS · Minnesota · Community improvement and capacity building