The Northwest Minnesota Foundation

Organization Overview

The Northwest Minnesota Foundation is located in Bemidji, MN. The organization was established in 1986. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Northwest Minnesota Foundation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Minnesota 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, Northwest Minnesota Foundation generated $19.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $10.2m during the year ending 06/2022. While expenses have increased by 10.2% 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, Northwest Minnesota Foundation has awarded 1,110 individual grants totaling $17,277,624. 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

THE NORTHWEST MINNESOTA FOUNDATION INVESTS RESOURCES, FACILITATES COLLABORATION, AND PROMOTES PHILANTHROPY TO MAKE THE REGION A BETTER PLACE TO LIVE AND WORK.

Describe the Organization's Program Activity:

A) GRANTS AWARDED: GRANT PROGRAMS HAVE BEEN ESTABLISHED TO PROVIDE FLEXIBILITY TO NONPROFIT ORGANIZATIONS AND PUBLIC AGENCIES AS THEY ADDRESS ORGANIZATIONAL, COMMUNITY, AND REGIONAL ISSUES. EACH PROGRAM HAS ITS OWN SET OF PRIORITIES AND ELIGIBILITY, AND REVIEW PROCESSES. A TOTAL OF $4,720,441 WAS AWARDED AS GRANTS, SCHOLARSHIP GRANTS AND FORGIVABLE LOANS PROGRAMS IN FY 2022 AND INCLUDED THE FOLLOWING: COMPONENT FUNDS: AS PART OF THE FOUNDATIONS COMMITMENT TO STRENGTHEN THE CAPACITY OF INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES TO SHAPE THEIR FUTURE, WE ADMINISTER 372 ACTIVE COMPONENT FUNDS TO ASSIST COMMUNITIES AND NONPROFIT AGENCIES IN BUILDING THEIR RESOURCES. FROM THESE, $1,357,530 WAS GIVEN FOR 320 GRANTS AWARDED IN FY 2022. BEYOND THE GRANTS AWARDED, $352,933 OF GRANT-RELATED ACTIVITIES SUCH AS MISSION-RELATED AND DEVELOPMENT SUPPORT ACTIVITIES WERE EXPENDED IN SUPPORT OF OUR REGION. AN ADDITIONAL $379,723 WAS GIVEN FOR 242 SCHOLARSHIPS FOR STUDENTS THROUGHOUT THE REGION. EMERGENCY RELIEF GRANT PROGRAMSL SMALL BUSINESS RELIEF PROGRAM: WE ADMINISTERED 211 GRANTS TO ELIGIBLE BUSINESSES TOTALING $2,225,000 PROVIDED BY THE STATE OF MINNESOTA TO PROVIDE RELIEF FROM THE EFFECTS OF THE SHUT-DOWN MANDATED BY THE STATE GOVERNMENT IN AN ATTEMPT TO ADDRESS THE SPREAD OF THE COVID-19 PANDEMIC. GOVERNORS EMERGENCY EDUCATION RELIEF PROGRAMWE ADMINISTERED 5 GRANTS TOTALING $59,100 TO CHILDCARE PROVIDERS THROUGHOUT OUR 12-COUNTY REGION AS PART OF THE GOVERNORS EMERGENCY EDUCATION RELIEF PROGRAM PROVIDED BY THE STATE OF MINNESOTA. UNDER THIS SAME PROGRAM, WE ADMINISTERED 3 GRANTS FOR A TOTAL OF $52,500 TO LOCAL SCHOOLS AND OTHER NON-PROFIT AGENCIES TO PROVIDE INCREASED EDUCATIONAL RESOURCES TO CHILDREN IN THE AREA. COVID COMMUNITY HEROES: IN RESPONSE TO THE COVID-19 PANDEMIC AND THE STEEP CHALLENGES IT SPURRED THROUGHOUT NORTHWEST MINNESOTA, WE LAUNCHED THE COVID COMMUNITY HEROES PROGRAM TO RECOGNIZE INDIVIDUALS, BUSINESSES AND NONPROFITS THAT HAVE GONE ABOVE AND BEYOND TO SERVE THEIR COMMUNITY DURING THAT DIFFICULT TIME. NMF AWARDED 7 GRANTS TOTALING $3,500 IN RECOGNITION OF THOSE EXTRAORDINARY EFFORTS. CHILDREN & FAMILIES PROGRAM: WE AWARDED 5 GRANTS TOTALING $110,000 TO AGENCIES IN OUR SERVICE AREA TO IMPROVE THE FAMILY STRUCTURE THROUGH COMMUNITY-LED, COMMUNITY-DRIVEN SHARED VISION AND ACTIONS, DEVELOPING PARENT SUPPORTS AND PARENT-LED COMMUNITY PROJECTS. CHILD CARE PROGRAM: WE AWARDED 5 GRANTS TOTALING $191,600 TO AGENCIES AND CHILDCARE CENTERS AS WELL AS 14 FORGIVABLE CHILDCARE LOANS TOTALING $70,000 TO PROVIDE RESOURCES AND OTHER SUPPORTS TO CHILDCARE FACILITIES SO THAT THEY CAN REMAIN IN OPERATION AND RETAIN OR INCREASE THE NUMBER OF CHILDCARE SLOTS AVAILABLE. HOUSING & HOMELESSNESS PROGRAMS: SEVEN GRANTS TOTALING $49,467 WERE AWARDED TO LOCAL NONPROFIT AGENCIES TO WORK TOWARD ADDRESSING HOUSING INADEQUACIES AND AVAILABILITY IN OUR REGION. SIX GRANTS TOTALING $47,821 WERE AWARDED TO VARIOUS HOMELESS SHELTERS AND OTHER NON-PROFIT AGENCIES ADDRESSING YOUTH HOMELESSNESS IN THE REGION, PROVIDING INCREASED ACCESS TO HOUSING ASSISTANCE FOR YOUTH AGES 16 TO 24. AMERICAN INDIAN CDC VACCINE INCENTIVE PROGRAM: TWO GRANTS FOR A TOTAL OF $15,000 WERE ISSUED TO LOCAL NONPROFIT AGENCIES FOCUSED ON SUPPORTING NATIVE AMERICANS IN OUR REGION, SPECIFICALLY THROUGH THE EFFORT OF PROMOTING COVID-19 VACCINATIONS. INNOVATION: ONE GRANT FOR $10,000 WAS ISSUED TO A LOCAL NONPROFIT AGENCY WHO FOCUSES ON HELPING INDIVIDUALS OVERCOME SUBSTANCE ABUSE. TRAINING GRANTS: TWO GRANTS TOTALING $25,000 WERE ISSUED TO A LOCAL COMMUNITY COLLEGE AND TO A NONPROFIT AGENCY WHO HELP INDIVIDUALS IN OUR REGION WITH TRAINING TO BECOME BETTER LEADERS. FUNDERS NETWORK FOR SMART GROWTH: THREE GRANTS TOTALING $44,200 WERE GIVEN TO LOCAL NONPROFITS TO SUPPORT COMMUNITIES IN THE AREAS OF DISASTER RELIEF AND ASSISTANCE FOR THE ELDERLY DURING THE PANDEMIC. FOR THE DISASTER RELIEF, THESE RESOURCES WERE PROVIDED TO SMALL BUSINESSES, ESPECIALLY FOCUSING ON CHILDCARE PROVIDERS AFFECTED BY DISASTERS AND HELPING TO ASSEMBLE A DISASTER PREPAREDNESS PLAN. IN ADDITION, ONE OF THE GRANTS WAS TO A NONPROFIT AGENCY THAT HAS A PROGRAM DESIGNED TO AID WITH THE ELDERLY BY PROVIDING OUTREACH SERVICES TO SENIORS IN OUR 12-COUNTY REGION WHO HAVE BECOME MORE ISOLATED DURING AND AFTER THE PANDEMIC. INGENUITY DRIVES ENTREPRENEUR ACCELERATION (IDEA) PROGRAMTHREE GRANTS TOTALING $15,000 WERE AWARDED UNDER THE IDEA (INGENUITY DRIVES ENTREPRENEUR ACCELERATION) PROGRAM, WHICH ASSISTS PROMISING LOCAL ENTREPRENEURS IN THE COMMERCIALIZATION OF INNOVATIVE PRODUCTS, PROCESSES, AND DELIVERIES BY CONNECTING THEM TO THE BEST RESOURCES AVAILABLE. INITIATOR FELLOWS PROGRAM: WE GRANTED $20,000 TO A FOUNDATION MANAGING THE FELLOWSHIP PROGRAM THAT RECOGNIZES SUCCESSFUL SOCIAL ENTREPRENEURS. THE FUNDS WILL BE USED IN SUPPORT OF EMERGING SOCIAL ENTREPRENEURS IN GREATER MINNESOTA BY AWARDING TWO-YEAR FELLOWSHIPS TO ENTREPRENEURS SEEKING TO ADDRESS NEEDS IN THEIR HOME REGION. ADVOCACY GRANTS: WE GRANTED OUT A TOTAL OF $45,000 FOR FIVE DIFFERENT PROJECTS RELATED TO ADVOCACY EFFORTS. TWO GRANTS TOTALING $15,000 WENT TO AMHERST H. WILDER FOUNDATION FOR MINNESOTA COMPASS TO HELP MAINTAIN THE WEBSITE FOR COMMUNITY LEVEL DATA TOOLS. WE TYPICALLY SUPPORT MINNESOTA COMPASS AT $5,000 PER YEAR, THIS FUNDING SUPPORTED THREE YEARS OF OPERATIONS FOR THE GRANTEE. THE PARK RAPIDS COMMUNITY DEVELOPMENT CORP. RECEIVED $10,000 TO SUPPORT THEIR LEAD FOR MINNESOTA FELLOW, WHO WAS HIRED TO SUPPORT ARTS AND CULTURAL WORK AT THE ARMORY ARTS AND EVENTS CENTER IN PARK RAPIDS. TWO OTHER GRANTS FOR $10,000 EACH SUPPORTED GENERAL OPERATIONS AND EMERGENCY DISASTER PREPAREDNESS FOR THE INTER-COUNTY COMMUNITY COUNCIL, INC. AND TRI-VALLEY OPPORTUNITY COUNCIL, INC.. BOTH ORGANIZATIONS WORK DIRECTLY WITH LOW-TO-MODERATE-INCOME HOUSEHOLDS AND WERE MAKING PROGRAM AND ORGANIZATIONAL CAPACITY INVESTMENTS WITH THE GRANT FUNDING.B) ECONOMIC DEVELOPMENT: THE FOUNDATION IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN NORTHWEST MINNESOTA. AS A PART OF THAT MISSION, SEVERAL BUSINESS DEVELOPMENT PROGRAMS ARE AVAILABLE TO PROMOTE A HIGH LEVEL OF ECONOMIC OPPORTUNITY THROUGHOUT THE REGION.IN FY 2022, 43 LOANS TOTALING $957,127 WERE FUNDED UNDER THE ENTREPRENEUR AND BUSINESS DEVELOPMENT PROGRAMS AND INCLUDED THE FOLLOWING: ENTREPRENEUR DEVELOPMENT PROGRAM: THE ENTREPRENEUR DEVELOPMENT LOAN PROGRAM PROVIDES SMALL BUSINESS LOANS TO ENTREPRENEURS WHO HAVE EXPERIENCE, EXPERTISE AND A WELL-DEVELOPED BUSINESS PLAN. 42 LOANS TOTALING $883,306 WERE FUNDED UNDER THIS PROGRAM. 21 LOANS TOTALING $182,100 WERE ISSUED TO CHILDCARE PROVIDERS, OF WHICH 14 LOANS TOTALING $70,000 ARE FORGIVABLE OVER FIVE YEARS, AND THE REMAINDER ARE LOW-INTEREST LOANS AS PART OF OUR CHILDCARE FINANCING PROGRAMS, INCLUDING 4 LOANS TOTALING $70,000 FUNDED BY RESOURCES PROVIDED BY THE WOMENS FOUNDATION OF MINNESOTA. THESE LOANS HELPED TO FACILITATE 189 NEW CHILDCARE SLOTS AND RETAIN 40 CHILDCARE SLOTS. FORGIVABLE LOANS WILL BE WRITTEN OFF ANNUALLY FOR A PROPORTIONATE AMOUNT AS BORROWERS CONTINUE TO MEET THE CRITERIA SET FORTH IN THE LOAN AGREEMENTS. 21 LOANS TOTALING $701,206 WERE ISSUED IN SUPPORT OF SMALL BUSINESSES IN THE RESTAURANT, HEALTHCARE, AGRICULTURE, AND TRANSPORTATION INDUSTRIES. WE ALSO SERVE AS THE SMALL BUSINESS DEVELOPMENT CENTER FOR THE NORTHWEST REGION OF MINNESOTA, WHERE APPROXIMATELY 401 SMALL BUSINESSES THROUGHOUT THE AREA RECEIVED OVER 3,485 HOURS OF DIRECT BUSINESS CONSULTING ASSISTANCE WHERE 15 BUSINESSES WERE BOUGHT OR STARTED WITH A DEBT OR EQUITY INVESTMENT RAISED OF $11.42 MILLION. THROUGH THE TECHNICAL ASSISTANCE PROGRAM PROVIDED BY THE SMALL BUSINESS ADMINISTRATION, WE PROVIDED OVER 1,480 HOURS OF TECHNICAL ASSISTANCE TO APPROXIMATELY 86 BORROWERS. IN ADDITION, 35 BORROWERS ALSO RECEIVED $34,212 IN TECHNICAL ASSISTANCE FROM SPECIALIZED SERVICES PROVIDED THROUGHOUT THE REGION. BUSINESS FINANCE PROGRAM: THE BUSINESS FINANCE PROGRAM (BFP) IS AN ECONOMIC DEVELOPMENT LOAN PROGRAM TYPICALLY ENGAGED IN MAKING GAP LOANS. THE BFP PARTNERS WITH COMMERCIAL BANKS THAT ARE UNWILLING TO ASSUME THE RISK OF GRANTING AN ENTIRE LOAN REQUEST. *** SEE ATTACHED PDF FOR REMAINING ACHIEVEMENTS***


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Board, Officers & Key Employees

Name (title)Compensation
Karen White
President
$182,289
Michael Neusser
VP Of Operations
$111,587
Nathan Dorr
VP Of Advocacy
$100,975
Todd Beckel
Treasurer
$0
Michelle Paquin
Vice Chair
$0
Steven Anderson
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Compass Capital Management Inc
Investment Management
$136,152
Peacemaker Resources
Training
$100,500
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,287,098
All other contributions, gifts, grants, and similar amounts not included above$7,400,340
Noncash contributions included in lines 1a–1f $2,488,759
Total Revenue from Contributions, Gifts, Grants & Similar$11,687,438
Total Program Service Revenue$712,715
Investment income $1,838,432
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,193,543
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,432,128

Grants Awarded

Over the last fiscal year, The Northwest Minnesota Foundation has awarded $4,026,233 in support to 285 organizations.

Grant RecipientAmount

MINNESOTA HOUSING PARTNERSHIP

Org PageRecipient Profile

Saint Paul, MN

PURPOSE: HOUSING

$250,000

HEARTLAND LAKES DEVELOPMENT COMMISS

Org PageRecipient Profile

Park Rapids, MN

PURPOSE: CHILD CARE & ECONOMIC DEVELOPMENT

$164,695

LIL CHOMPERS CHILD CARE

Org PageRecipient Profile

Greenbush, MN

PURPOSE: CHILD CARE GRANT

$71,000

NORTHWEST INDIAN COMMUNITY DEVELOPM

Org PageRecipient Profile

Bemidji, MN

PURPOSE: CHILDREN & FAMILIES GENERAL SUPPORT

$60,000

NORTHWEST TECHNICAL COLLEGE

PURPOSE: SCHOLARSHIPS

$58,200

TRI-VALLEY OPPORTUNITY COUNCIL INC

Org PageRecipient Profile

Crookston, MN

PURPOSE: GENERAL OPERATIONS

$55,759
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that The Northwest Minnesota Foundation has recieved totaling $361,335.

Awarding OrganizationAmount
Minnesota Council On Foundations

Minneapolis, MN

PURPOSE: Integrated Capital Recovery Project

$166,000
Bcbsm Foundation Inc

St Paul, MN

PURPOSE: STEP UP 2.0

$100,000
The Funders Network Inc

Coral Gables, FL

PURPOSE: PPREP

$77,250
Saint Paul & Minnesota Foundation

Saint Paul, MN

PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES

$10,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$5,074
Rick And Helga Bauerly Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$1,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$77,931,466
Earnings-$6,890,759
Admin Expense$364,947
Net Contributions$3,596,916
Other Expense$1,561,000
Ending Balance$72,711,676

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