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Community Development : Community Foundations

West Central Initiative

Investing resources in our community for regional success

three stars

87.40

1000 Western Avenue Fergus Falls, MN 56538
tel: (800) 735-2239   Web Site
EIN: 36-3453471

Board Leadership
Amy Stoller-Stearns
Chairperson

CEO
Anna M. Wasescha
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 87.40 three stars
  Financial 83.62 three stars
  Accountability & Transparency 93.00 four stars
This rating was published 03/01/2020 and includes data from FY2019, the most recent 990 received at that time.

Founded in 1986, West Central Initiative is a regional community foundation that serves nine counties in west central Minnesota: Becker, Clay, Douglas, Grant, Otter Tail, Pope, Stevens, Traverse and Wilkin. Our mission is to serve to improve West Central Minnesota through funding, programs and technical assistance. We invest and help leverage resources in our communities for regional success. We work with many partners, using the tools of economic development, community development and promoting philanthropy to help people and communities create a better tomorrow for west central Minnesota.

Founded in 1986, West Central Initiative is a regional community foundation that serves nine counties in west central Minnesota: Becker, Clay, Douglas, Grant, Otter Tail, Pope, Stevens, Traverse and Wilkin. Our mission is to serve to improve West Central Minnesota through funding, programs and technical assistance. We invest and help leverage resources in our communities for regional success. We work with many partners, using the tools of economic development, community development and promoting philanthropy to help people and communities create a better tomorrow for west central Minnesota.

Impact Information

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Financial

three stars

83.62

Accountability & Transparency

four stars

93.00

This rating was published 03/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
84.5%
  Administrative Expenses 11.8%
  Fundraising Expenses 3.5%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 8.17
  Program Expenses Growth 0.4%
  Liabilities to Assets 3.0%
All data for Financial Performance Metrics calculations was provided by West Central Initiative on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by West Central Initiative on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
West Central Initiative (MN) 87.40 three stars
Miami Foundation (FL) 93.79 four stars
North Carolina Community Foundation (NC) 97.62 four stars
The Saint Paul Foundation (MN) 95.66 four stars
Austin Community Foundation (TX) 96.42 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,354,251
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $394,399
Total Contributions $3,748,650
   Program Service Revenue $515,188
Total Primary Revenue $4,263,838
   Other Revenue $2,303,843
TOTAL REVENUE $6,567,681
   
EXPENSES  
   Program Expenses $4,747,104
   Administrative Expenses $875,979
   Fundraising Expenses $263,819
TOTAL FUNCTIONAL EXPENSES $5,886,902
   
Payments to Affiliates $0
Excess (or Deficit) for the year $680,779
   
Net Assets $69,101,252

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Workers and Families $2,193,335 46.2%
Communities and the Region $2,155,545 45.4%
Business and Employment $398,224 8.4%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 03/01/2020 87.40 three stars
2018-06 06/01/2019 93.05 four stars
2017-06 06/01/2018 89.90 three stars
2016-06 05/01/2017 87.43 three stars
2015-06 06/01/2016 88.93 three stars
 
CN 2.0
2014-06 09/01/2015 91.63 four stars
2013-06 10/01/2014 85.82 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 36-3453471
Name in IRS Master File WEST CENTRAL INITIATIVE
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (123) Discussion groups, forums, panels lectures, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 1986
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2019
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
Compensation % of Expenses Paid to Title
$155,057 2.63% Anna Wasescha President

Highly Rated

Charity Name & State Overall Score Overall Rating
West Central Initiative (MN) 87.40 three stars
Community Foundation of the Chattahoochee Valley (GA) 95.54 four stars
New Hampshire Charitable Foundation (NH) 89.45 three stars
Essex County Community Foundation Incorporated (MA) 95.47 four stars
The Community Foundation of Louisville (KY) 91.88 four stars

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Charity Contact Info

West Central Initiative
1000 Western Avenue
Fergus Falls, MN 56538
tel: (800) 735-2239
EIN: 36-3453471

Mail donations to:
P.O. Box 318
Fergus Falls, MN 56538

Visit Web Site

Board Leadership

Amy Stoller-Stearns
Chairperson

CEO

Anna M. Wasescha
President, CEO

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