West Central Initiative
- Assets
- $80.9m
- Revenue
- $10.2m
- Investments
- $7.8m
- Employees
- 31
- Location
- Fergus Falls, MN
- Founding
- 08/1986
- Data as of
- 06/2022
- EIN
- 36-3453471
Organization Overview
West Central Initiative is located in Fergus Falls, MN. The organization was established in 1986. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, West Central Initiative employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Central Initiative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, West Central Initiative generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, West Central Initiative has awarded 1,291 individual grants totaling $27,546,559. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVING TO IMPROVE WEST CENTRAL MINNESOTA THROUGH FUNDING, PROGRAMS, AND TECHNICAL ASSISTANCE. UNITING IDEAS AND RESOURCES TO HELP PEOPLE AND COMMUNITIES CREATE A BETTER TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY AND FOUNDATION GRANTMAKING: AS A COMMUNITY FOUNDATION, ONE OF OUR ROLES IS TO ESTABLISH AND MANAGE DEDICATED PERMANENT FUNDS THAT ADDRESS SPECIFIC CHARITABLE PURPOSES. WE CALL THESE FUNDS "COMPONENT FUNDS" BECAUSE THEY'RE PART OF OUR MISSION AND ASSET VALUATION. IN 2022, WE ADDED 16 NEW COMPONENT FUNDS TO OUR PORTFOLIO. DRIVEN BY OUR STRATEGIC PRIORITIES AND CONNECTED TO THE SUSTAINABLE DEVELOPMENT GOALS, GRANTS ARE JUST ONE OF MANY RESOURCES WE OFFER TO SUPPORT OUR REGION'S FAMILIES, COMMUNITIES, ORGANIZATIONS, AND BUSINESSES. IN 2022, WE AWARDED 80 GRANTS TOTALING APPROXIMATELY $517,000 TO SUPPORT EARLY CHILDHOOD WORK, BUILDING A MORE SUSTAINABLE AND EQUITABLE REGION, AND RURAL FIRE DEPARTMENTS. WE ALSO DISTRIBUTED $2.57 MILLION IN GRANTS ON BEHALF OF OUR COMPONENT FUNDS.
PLANNING AND ECONOMIC DEVELOPMENT: THROUGH OUR PLANNING, LENDING, AND TECHNICAL ASSISTANCE WORK, WE PARTNER WITH REGIONAL LEADERS TO CREATE VIBRANT, SUSTAINABLE, AND WELCOMING COMMUNITIES FOR ALL. AS THE FEDERALLY DESIGNATED PLANNING ORGANIZATION FOR THE REGION THROUGH THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION, EVERY FIVE YEARS WE CREATE A COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR THE REGION IV ECONOMIC DEVELOPMENT DISTRICT OF MINNESOTA. THE DOCUMENT OUTLINES THE NEEDS, GOALS, STRATEGIES, AND IMPLEMENTATION PROCESS FOR THE REGION'S ECONOMIC DEVELOPMENT WORK. IN 2022, WE LEVERAGED APPROXIMATELY $4.08 MILLION IN FEDERAL AND STATE FUNDING TO SUPPORT OUR REGION. WE ALSO DISTRIBUTED APPROXIMATELY $1.7 MILLION IN LOANS, WHICH INCLUDES $1.14 MILLION FROM OUR REVOLVING LOAN PROGRAM AND $400,000 FROM THE CARES REVOLVING LOAN PROGRAM. THROUGH A CONTRACT WITH THE MINNESOTA DEPARTMENT OF TRANSPORTATION, WE ADMINISTER A TRANSPORTATION PLANNING PROGRAM FOR WEST CENTRAL MINNESOTA. THIS PARTNERSHIP ALLOWS FOR COORDINATED, LONG-RANGE, REGIONAL TRANSPORTATION PLANNING. IN 2022, WE CREATED NEW SAFE ROUTES TO SCHOOL PLANS THAT BENEFITED MORE THAN 900 STUDENTS.
PROGRAMS AND OUTREACH: OUR EARLY CHILDHOOD INITIATIVE IS A NETWORK OF PARENTS, EDUCATORS, BUSINESSES, COMMUNITY LEADERS, FAITH LEADERS, AND POLICYMAKERS JOINED IN A LONG-TERM EFFORT TO PRIORITIZE THE CARE AND DEVELOPMENT OF YOUNG CHILDREN. TWO IMPORTANT FACETS OF OUR EARLY CHILDHOOD INITIATIVE INCLUDE OUR EARLY CHILDHOOD DENTAL NETWORK AND EARLY CHILDHOOD MENTAL HEALTH NETWORK. BOTH PROGRAMS TAKE A COLLABORATIVE APPROACH TO HELP ENSURE OUR CHILDREN GET THE CARE THEY NEED AND DESERVE. WE ENVISION A FUTURE WHERE OUR PLANET IS RESPECTED, SUSTAINED, AND RECOGNIZED AS PARAMOUNT TO OUR EXISTENCE. WITH THAT IN MIND, IN EARLY 2022 WE BEGAN DEVELOPING A CLIMATE-ACTION PLAN FOR WEST CENTRAL MINNESOTA. IN SEPTEMBER 2022, WE SPONSORED 14 WELCOMING WEEK EVENTS IN OUR REGION TO WELCOME AND CELEBRATE NEWCOMERS OF ALL BACKGROUNDS. OUR LIVE WIDE OPEN REGIONAL-RECRUITMENT CAMPAIGN SHOWCASES WHAT WEST CENTRAL MINNESOTA HAS TO OFFER, INCLUDING OPPORTUNITIES FOR REWARDING CAREERS AND THE NATURAL AMENITIES THAT DRAW SO MANY TO THIS REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Wasescha President | Officer | 40 | $163,475 |
Steve Kent Treasurer | OfficerTrustee | 0.5 | $0 |
Nicole Fernholz Secretary | OfficerTrustee | 0.5 | $0 |
Yoke-Sim Gunaratne Chairperson | OfficerTrustee | 0.5 | $0 |
Barbara J Fabre Director | Trustee | 0.5 | $0 |
Laura Jb Schmidt Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,935,322 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,114,176 |
| Noncash contributions included in lines 1a–1f | $284 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,049,498 |
| Total Program Service Revenue | $508,371 |
| Investment income | $864,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,711,510 |
| Net Income from Fundraising Events | $24,019 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,157,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,636,976 |
| Grants and other assistance to domestic individuals. | $205,032 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,475 |
| Compensation of current officers, directors, key employees. | $163,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,441,404 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $269,091 |
| Payroll taxes | $117,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,937 |
| Fees for services: Accounting | $91,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $501,914 |
| Advertising and promotion | $97,366 |
| Office expenses | $44,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,643 |
| Travel | $25,839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,417 |
| Interest | $2,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,843 |
| All other expenses | $164,238 |
| Total functional expenses | $8,524,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,578 |
| Savings and temporary cash investments | $895,813 |
| Pledges and grants receivable | $243,307 |
| Accounts receivable, net | $290,871 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,314,359 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,152 |
| Net Land, buildings, and equipment | $1,373,977 |
| Investments—publicly traded securities | $64,671,232 |
| Investments—other securities | $7,834,440 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,300 |
| Total assets | $80,928,029 |
| Accounts payable and accrued expenses | $248,665 |
| Grants payable | $312,200 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,645 |
| Unsecured mortgages and notes payable | $97,783 |
| Other liabilities | $1,132,933 |
| Total liabilities | $1,798,226 |
| Net assets without donor restrictions | $34,359,280 |
| Net assets with donor restrictions | $44,770,523 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $80,928,029 |
Grants Awarded
Over the last fiscal year, West Central Initiative has awarded $4,315,856 in support to 294 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF MOORHEAD PURPOSE: REDEVELOPMENT OF BLIGHTED PROPERTY | $300,000 |
Fergus Falls, MN PURPOSE: GENERAL SUPPORT | $163,500 |
CITY OF VERGAS PURPOSE: PICKLEBALL COURT, VETERAN'S MEMORIAL | $99,879 |
CITY OF PARKERS PRAIRIE PURPOSE: SWIMMING POOL, VETERAN'S MEMORIAL | $70,644 |
MORRIS AREA PUBLIC SCHOOLS PURPOSE: SCHOLARSHIPS, GENERAL SUPPORT | $53,128 |
BARNESVILLE PUBLIC SCHOOLS PURPOSE: GENERAL SUPPORT | $52,302 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that West Central Initiative has recieved totaling $319,301.
| Awarding Organization | Amount |
|---|---|
Morgan Family Foundation Yellow Springs, OH PURPOSE: (COMPETITIVE) CLIMATE ACTION PROJECT | $89,250 |
Bcbsm Foundation Inc St Paul, MN PURPOSE: BUILDING OUR SYSTEM OF EARLY CHILDHOOD MENTAL HEALTH | $50,000 |
Otter Tail Power Company Foundation Fergus Falls, MN PURPOSE: PLEDGE MOVED FROM 2022 TO 2021 | $40,000 |
The Funders Network Inc Coral Gables, FL PURPOSE: PPREP | $22,250 |
Bush Foundation St Paul, MN PURPOSE: SPONSORSHIP OF BREAKING GROUND SPEAKERS SERIES: VIRTUAL CONVERSATIONS ADDRESSING ISSUES OF COMMUNITY AND COMMUNITY ENGAGEMENT, INCLUDING INSPIRING AND ROBUST CONVERSATIONS ABOUT WHAT IT MEANS TO MAKE HISTORY THROUGH GROUND BREAKING EVENTS AND ACTIVITIES. | $20,000 |
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: PROJECT SUPPORT OVER THREE YEARS TO INCREASE CAPACITY FOR INCLUSIVE COMMUNITY DEVELOPMENT IN RURAL MINNESOTA | $15,000 |
Endowment Analysis
| Beg. Balance | $46,870,312 |
| Earnings | -$3,994,868 |
| Net Contributions | $20,963 |
| Other Expense | $1,283,761 |
| Ending Balance | $41,612,646 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communitygiving St Cloud, MN | $193,103,222 | $46,523,540 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
3m Open Fund Blaine, MN | $2,792,523 | $13,492,516 |
Fargo-Moorhead Area Foundation Corporation Fargo, ND | $123,601,833 | $30,025,035 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
North Dakota Community Foundation Bismarck, ND | $128,952,115 | $14,760,573 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |