Charities Review Council - All Charities (Reviewed by the Council)

Initiative Foundation (Detailed Report)

Meets all standards

405 First St SE
Little Falls, MN 56345

Principal Staff: Kathy Gaalswyk, President
Board Chair: Gene Waldorf
EIN: 36-3451562

Phone: 320-632-9255
Toll-free: 877-632-9255
Fax: 320-632-9258
Website: www.ifound.org
IRS Code: 501(c)(3)

Giving Guide Categories

MISSION

Unlock the potential of the people of Central Minnesota to build and sustain healthy communities.

990 SNAPSHOT (2005-2007)

Programs and Expenses (2007)

Leadership and Community Development Programs (Training & Programs plus Grant & Scholarship Activity): $1,898,989

Economic Development/Opportunity (Business Investments): $1,150,680

Communications: $414,419

Special Projects: $234,633


3-Year Average Charity Expenses		% of total expenses
Program Services:	$3,213,754	82.7%
Management:	$376,550	9.7%
Fundraising:	$296,538	7.6%

Accountability Review Results:

Date of final report: 07/21/2008

= Meets standard

= Doesn't meet standard

Read this charity's response to its review results

PUBLIC DISCLOSURE

Legal Compliance (1A)

Financial & Annual Reporting (1B)

Accomplishments (1C)

Reporting Consistency (1D)

GOVERNANCE

Board Meetings (2A)

Conflict Of Interest Policy (2B)

Board Compensation (2C)

Board/Staff Positions (2D)

Board Term Limits (2E)

FINANCIAL ACTIVITY

Use Of Funds (3A)

Reserve Limits (3B)

Financial Health (3C)

Board Fiduciary Oversight (3D)

FUNDRAISING

Ethical Fundraising (4A)

Voluntary Charitable Giving (4B)

Soliciting Practices (4C)

CHARITY RESPONSE TO REVIEW:

No response has been received.

NON-CASH DONATIONS
320-632-9255 Type of Goods Accepted: N/A
CHARITY DETAILS
Number of FTE (Full-Time Equivalent):	24
Number of Volunteers:	86
Number of clients served in the last fiscal year:	722


	Other Affiliations/Accreditations: 1)Designated as a Community Development Financial Institution (CDFI). 2) Member - MN Council on Foundations, MN Council of Nonprofits, National Council on Foundations (COF). 3) Affiliated with The McKnight Foundation and Five other MN Initiative Foundations. 4) COF Certification pending.