SOUTHERN MINNESOTA INITIATIVE FOUNDATION, of OWATONNA, MN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $11.0M in revenue, $8.2M in expenses, $80.9M in total assets. 83 publicly reported grants to this organization, totaling roughly $6.7M, appear in IRS filings.
SOUTHERN MINNESOTA INITIATIVE FOUNDATION IS A REGIONAL DEVELOPMENT AND PHILANTHROPIC ORGANIZATION THAT FOSTERS ECONOMIC AND COMMUNITY VITALITY IN 20 COUNTIES OF SOUTHERN MINNESOTA THROUGH A CULTURE OF COLLABORATION AND PARTNERSHIP, WITH A FOCUS ON ENTREPRENEURS AND EARLY CHILDHOOD DEVELOPMENT.
How Southern Minnesota Initiative Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Showing up to 5 of 83 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $11.0M | $8.2M | $80.9M |
| 2024 | $8.4M | $6.9M | $75.9M |
| 2023 | $5.9M | $6.5M | $69.7M |
| 2022 | $22.2M | $16.8M | $67.4M |
| 2021 | $20.0M | $15.3M | $74.0M |
Between 2021 and 2025, reported annual revenue declined from $20.0M to $11.0M (-45%), with total assets most recently reported at $80.9M.
Interactive year-over-year charts and full filing details available with membership.
