Public Benefit : Community and Housing Development
Southern Minnesota Initiative Foundation
Investments that break new ground
Rating
| Overall Rating |  |
||
| (68.16) | |||
| Organizational Efficiency | |||
| Program Expenses | 81.6% | ||
| Administrative Expenses | 14.6% | ||
| Fundraising Expenses | 3.6% | ||
| Fundraising Efficiency | $0.01 | ||
| Efficiency Rating |  |
||
| (38.16) | |||
| Organizational Capacity | |||
| Primary Revenue Growth | 57.9% | ||
| Program Expenses Growth | 17.7% | ||
| Working Capital Ratio (years) | 3.27 | ||
| Capacity Rating | |
||
| (30.00) |
Income Statement (FYE 06/2008)
Contact Information
Southern Minnesota Initiative Foundation
525 Florence Avenue
P.O. Box 695
Owatonna, MN 55060
tel: (507) 455-3215
fax: (507) 455-2098
EIN: 36-3454285
Leadership (FYE 06/2008)
| Name | Title | Compensation | % of Expenses | |
|---|---|---|---|---|
| Timothy Penny | President, CEO (The person identified as holding the highest position of management, and therefore who would normally be responsible for carrying out the mission of the charity and leading the organization on a day-to-day basis.) | $150,000 | 3.01% |
Donor Privacy Policy
NO, this charity does not have a written donor privacy policy.
Mission
Since 1986, Southern Minnesota Initiative Foundation has been a catalyst for economic growth in 20 Minnesota counties. We work to build a prosperous region with vibrant communities, innovative businesses and a skilled and valued workforce. To accomplish this, we invest in emerging businesses and the emerging workforce. We help businesses, local governments and nonprofit organizations find common ground, pool resources and achieve more. Since establishment, the Foundation has advanced economic development in the 20-county region with total investments of more than $38 million. In 2007, donors contributed to regional endowment funds valued at close to $27 million.
Charities Performing Similar Types of Work
| Charity Name | Overall Score | Overall Rating |
|---|---|---|
| Southern Minnesota Initiative Foundation - MN | 68.16 | |
| Liberty Hill Foundation - CA | 64.45 | |
| MEDA - MN | 56.08 |  |
| Center for Neighborhood Enterprise - DC | 55.31 | |
| Hands On Atlanta - GA | 56.48 | |
| Charity Name | Overall Score | Overall Rating |
|---|---|---|
| Southern Minnesota Initiative Foundation - MN | 68.16 | |
| CompassPoint Nonprofit Services - CA | 43.18 |  |
| Iowa Citizens for Community Improvement - IA | 66.71 | |
| KaBOOM! - DC | 63.63 | |
| Local Initiatives Support Corporation - NY | 62.70 | |
| Chicago Cares - IL | 63.41 | |
