SOUTHERN MINNESOTA INITIATIVE FOUNDATION
OWATONNA,
Minnesota,
55060
EIN: 36-3454285
Community Improvement, Capacity Building
DEMOGRAPHIC
ADDRESS
525 FLORENCE AVE
55060
COUNTY
steele county, MN
ORGANIZATIONAL OVERVIEW & RANKINGS
SOUTHERN MINNESOTA INITIATIVE FOUNDATION is a based in OWATONNA, MN, focused on Community Improvement, Capacity Building causes . Established in August 1986, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $69,745,601.00, this ranks 14,017 among 2,656,690 nonprofits nationally (Top 1%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 332 out of 53,624 organizations in MN (Top 1%).
In steele county, MN, the organization ranks 2 out of 424 nonprofits by assets (Top 1%), while locally in owatonna, it stands at 2 among 326 organizations (Top 1%).
The organization reported annual revenue of $5,876,900.00, ranking 43,460 nationally (Top 2%) and 1,093 in MN (Top 3%).
Within its specific NTEE classification (S300 - S: Community Improvement, Capacity Building), which includes 130 similar organizations, SOUTHERN MINNESOTA INITIATIVE FOUNDATION ranks 4 in assets (Top 2%) and 14 in revenue (Top 7%).
The organization files a 990 (all other) or 990EZ return and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Other inner city or community benefit activities
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
N/A
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
06/2023
ACCOUNTING PERIOD
06
INCOME CODE
8: $10,000,000 to $49,999,999
INCOME AMOUNT
$26,349,348.00
FORM 990 REVENUE AMOUNT
$5,876,900.00
RULING DATE
08/1986
ASSET CODE
9: $50,000,000 to greater
ASSET AMOUNT
$69,745,601.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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