Mankato Area Foundation

Organization Overview

Mankato Area Foundation is located in Mankato, MN. The organization was established in 1975. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Mankato Area Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mankato Area Foundation 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, Mankato Area Foundation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 20.5% 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, Mankato Area Foundation has awarded 532 individual grants totaling $10,109,425. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO BE A TRUSTED RESOURCE THAT CONNECTS DONORS WITH CAUSES THEY CARE ABOUT.

Describe the Organization's Program Activity:

THE FOUNDATION MADE GRANTS FROM ITS COMMUNITY FUND, ALONG WITH DESIGNATED AND DONOR ADVISED FUNDS TO ENRICH THE LIVABILITY AND VIBRANCY OF THE GREATER MANKATO AREA. IN ADDITION, THE CONSULTANT IN RESIDENCY FUND HAS GIVEN SUPPORT TO NONPROFIT ORGANIZATIONS THAT ARE SERVING THE ESCALATING NEEDS OF OUR COMMUNITIES BY PROVIDING ACCESS TO A NONPROFIT CONSULTANT TO HELP STREAMLINE AND STRENGTHEN ORGANIZATIONAL NEEDS. OUR JOINT EXPERTISE IN COMMUNITY PARTNERSHIPS, RESOURCES, AND CONNECTIONS ALLOWED US TO SUPPORT THE UNPRECEDENTED DEMANDS PLACED ON OUR NONPROFIT PARTNERS AS THEY ADDRESSED THE CRITICAL NEEDS OF THE COMMUNITY AND THEIR CLIENTELE. FINALLY, THE GREATER MANKATO INCLUSIVITY STUDY (GMIS) IS ONE OF THE LARGEST COMMUNITY-LED, MIXED-METHOD INCLUSIVITY STUDIES IN AMERICA. IT WILL GAUGE THE CURRENT STATUS OF INCLUSIVITY FOR STUDENTS, INDIVIDUALS WHO WORK IN, AND RESIDENTS OF THE GREATER MANKATO AREA (BLUE EARTH AND NICOLLET COUNTIES). GMIS FOCUSES ON A BROAD RANGE OF COMMUNITY MEMBERS' FEELINGS, OPINIONS, AND PERCEPTIONS OF INCLUSION, IN REGARDS TO AGE, GENDER, ETHNICITY, AND ABILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Joan Untiedt
Finance Director - Ret. Apr 2022
$88,408
Nancy Zallek
President & CEO
$88,221
Maureen Gustafson
Donor Relations & Program Director
$72,472
Nathan Mullikin
Vice-Chair
$0
Seth Ferkenstad
Treasurer
$0
Thomas Lentz
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,048,055
Noncash contributions included in lines 1a–1f $897,803
Total Revenue from Contributions, Gifts, Grants & Similar$5,048,055
Total Program Service Revenue$65,773
Investment income $397,154
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $742,482
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,256,215

Grants Awarded

Over the last fiscal year, Mankato Area Foundation has awarded $2,015,060 in support to 75 organizations.

Grant RecipientAmount

CHILDREN'S MUSEUM OF SOUTHERN MINNESOTA

Org PageRecipient Profile

Mankato, MN

PURPOSE: Program assistance.

$337,000

GREATER MANKATO AREA UNITED WAY

Org PageRecipient Profile

Mankato, MN

PURPOSE: Program assistance.

$159,061

MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION

Org PageRecipient Profile

Mankato, MN

PURPOSE: Program assistance.

$97,550

CREATIVE FOUNDATION

Org PageRecipient Profile

North Mankato, MN

PURPOSE: Program assistance.

$70,000

KIWANIS HOLIDAY LIGHTS INC

Org PageRecipient Profile

Mankato, MN

PURPOSE: Program assistance.

$63,379

CAMP PATTERSON INC

Org PageRecipient Profile

Mankato, MN

PURPOSE: Program assistance.

$62,175
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Mankato Area Foundation has recieved totaling $315,936.

Awarding OrganizationAmount
Juanita E Schmeeckle Charitable Tr

Fairmont, MN

PURPOSE: MARTIN COUNTY CHW PROJECT

$222,449
Juanita E Schmeeckle Charitable Tr

Fairmont, MN

PURPOSE: PROSPER CHILD CARE PROJECT

$72,487
Juanita E Schmeeckle Charitable Tr

Fairmont, MN

PURPOSE: JONATHAN ZIERDT CANCER FUND

$20,000
Valley News Charity Fund

Mankato, MN

PURPOSE: UNRESTRICTED GENERAL FUND & HOCKEY DAY

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,827,447
Earnings-$363,210
Net Contributions$30,500
Grants$99,364
Ending Balance$2,395,373

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