Mission
The Mankato Area Foundation is a trusted resource that connects donors with causes they care about, provides funding to enhance our region and serves as a collaborative community partner.
Public Charity
Mankato Area Foundation
Mankato Area Foundation, of Mankato, MN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $8.8M in revenue, $5.4M in expenses, $36.0M in total assets. 36 publicly reported grants to this organization, totaling roughly $10.1M, appear in IRS filings.
EIN: 410011094
Mankato, MN
Latest filing: 2025
Total Revenue$8.8M
Total Expenses$5.4M
Total Assets$36.0M
Grant Records36
Funding Total$10.1M
Filing Years2021–2025
Where $100 goes at Mankato Area Foundation
How Mankato Area Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$86
Programs
the work itself
$9
Management
running the organization
$5
Fundraising
raising the next dollar
Inside the $86 for programs
$86
The Foundation awarded grants through its Community Fund, designated funds, and donor-advised funds to enhance the livability and vibrancy of the Greater Mankato area
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.
Sample Grants Received
Community Health & Human Support
$300,000
General Operations
$425,000
For grant recipient's exempt purposes
$295,000
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
$50,000
SUPPORT CHARITABLE PROGRAMS
$27,000
Showing up to 5 of 36 total records — full history available with membership.
Officers & Directors
Director
Amanda Heilman
Director
Art Westphal
VP of Philanthropy
Ashley Eimer
Director
Belen Fernandez
Director
Bob Beadell
Secretary
Brittany King-Asamoa
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $8.8M | $5.4M | $36.0M |
| 2024 | $7.1M | $5.3M | $34.4M |
| 2023 | $5.8M | $4.4M | $30.0M |
| 2022 | $6.3M | $3.3M | $27.1M |
| 2021 | $3.9M | $2.7M | $27.6M |
Between 2021 and 2025, reported annual revenue grew from $3.9M to $8.8M (+126%), with total assets most recently reported at $36.0M.
Interactive year-over-year charts and full filing details available with membership.