Mission
TO EMPOWER PEOPLE TO BUILD THRIVING COMMUNITIES AND A VIBRANT REGION ACROSS CENTRAL MINNESOTA.
Public Charity
INITIATIVE FOUNDATION
INITIATIVE FOUNDATION is a Public Charity headquartered in LITTLE FALLS, MN. Financial data from the 2024 filing: $15.2M revenue, $15.7M expenses, $114.7M total assets. 80 publicly reported grants to this organization, totaling roughly $5.5M, appear in IRS filings.
EIN: 363451562
LITTLE FALLS, MN
Business & Industry
NTEE: S40
Latest filing: 2024
Total Revenue$15.2M
Total Expenses$15.7M
Total Assets$114.7M
Grant Records80
Funding Total$5.5M
Filing Years2020–2024
Where $100 goes at Initiative Foundation
How Initiative Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$83
Programs
the work itself
$12
Management
running the organization
$5
Fundraising
raising the next dollar
Inside the $83 for programs
$22
Generositypartner funds
$21
Communitychildcare solutions
$20
Economylending
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$200,005
Organizational Wellness Implementation Grant
$10,000
DONOR ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
$301,000
General support for programs, operations and other charitable purposes
$75,000
GENERAL SUPPORT
$56,685
Showing up to 5 of 80 total records — full history available with membership.
Officers & Directors
TRUSTEE
Brett Anderson
PRESIDENT
Brian Voerding
TRUSTEE
Carrie Willis
TRUSTEE
Dan Weber
TRUSTEE/CHAIR
David Monroy
VP FOR COMMUNITY & WORKFORCE (FORMER)
Don Hickman
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $15.2M | $15.7M | $114.7M |
| 2023 | $10.0M | $9.4M | $109.0M |
| 2022 | $18.8M | $16.3M | $98.8M |
| 2021 | $30.8M | $9.4M | $108.3M |
| 2020 | $21.8M | $15.3M | $95.6M |
Between 2020 and 2024, reported annual revenue declined from $21.8M to $15.2M (-30%), with total assets most recently reported at $114.7M.
Interactive year-over-year charts and full filing details available with membership.