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 06/2024, West Central Initiative employed 27 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 06/2023, West Central Initiative generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $7.3m during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 8 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 1,521 individual grants totaling $36,983,050. 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
2023
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 ARE PART OF OUR MISSION AND ASSET VALUATION. IN FY24, 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. WE AWARDED JUST OVER $7.3 MILLION IN GRANTS DURING THE CURRENT YEAR.
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 COMPLETED THE CLIMATE ACTION PLAN FOR WEST CENTRAL MINNESOTA IN SPRING OF 2023, AND WE ARE NOW FOCUSED ON PUTTING IT INTO ACTION THROUGH STAFFING AND OUTREACH, WITH THE GOAL OF CREATING A SUSTAINABLE AND RESPECTED ENVIRONMENT FOR THE FUTURE. IN SEPTEMBER 2023, WE SPONSORED MORE THAN 30 WELCOMING WEEK EVENTS IN OUR REGION TO WELCOME AND CELEBRATE NEWCOMERS OF ALL BACKGROUNDS. OUR LIVE WIDE OPEN PROGRAM SHOWCASES THE OPPORTUNITIES, NATURAL AMENITIES, AND DIVERSE INDIVIDUALS IN WEST CENTRAL MINNESOTA, AIMING TO INSPIRE A SENSE OF BELONGING AND ATTRACT PEOPLE TO THE REGION. OUR RURAL DEMOCRACY PROGRAM, IN A REGION CONSIDERED LEADERSHIP DISTRESSED, OFFERS TRAINING TO INDIVIDUALS CONSIDERING RUNNING FOR OFFICE, ENGAGES HISTORICALLY EXCLUDED GROUPS IN CIVIC PROCESSES, AND SUPPORTS LOCAL LEADERS IN PARTICIPATING IN LOCAL GOVERNMENT AND NONPROFITS. IN JUNE 2024, WE HOSTED A 17 ROOMS EVENT WHERE REGIONAL STAKEHOLDERS WORKED TOGETHER TO IDENTIFY AND ADDRESS PRIORITIES, ALIGNING WITH THE SUSTAINABLE DEVELOPMENT GOALS TO CREATE SOLUTIONS FOR WEST CENTRAL MINNESOTA.
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. WE DISTRIBUTED $1.34 MILLION IN LOANS IN FY24. 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. NEW SAFE ROUTES TO SCHOOL PLANS WERE CREATED DURING THE YEAR THAT BENEFITED MORE THAN 4,000 STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nicole Fernholz Secretary | OfficerTrustee | 0.5 | $0 |
Corey Kratcha Director | Trustee | 0.5 | $0 |
Yoke-Sim Gunaratne Director | Trustee | 0.5 | $0 |
Jackie Buboltz Chairperson | OfficerTrustee | 0.5 | $0 |
Laura Jb Schmidt Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Kari Kreft Director | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,284,621 |
All other contributions, gifts, grants, and similar amounts not included above | $5,677,823 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,962,444 |
Total Program Service Revenue | $557,490 |
Investment income | $1,460,443 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $192,183 |
Net Income from Fundraising Events | $48,122 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $9,220,682 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,005,431 |
Grants and other assistance to domestic individuals. | $10,967 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $212,186 |
Compensation of current officers, directors, key employees. | $212,186 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,524,940 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $272,393 |
Payroll taxes | $122,335 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,487 |
Fees for services: Accounting | $95,350 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $832,512 |
Advertising and promotion | $124,146 |
Office expenses | $49,427 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $94,686 |
Travel | $65,501 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $118,882 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $6,701 |
All other expenses | $69,237 |
Total functional expenses | $7,282,692 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $409,548 |
Savings and temporary cash investments | $4,788,479 |
Pledges and grants receivable | $1,680,738 |
Accounts receivable, net | $1,419 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $5,544,974 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,756,451 |
Investments—publicly traded securities | $63,720,083 |
Investments—other securities | $9,109,986 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $66,456 |
Total assets | $87,078,134 |
Accounts payable and accrued expenses | $320,201 |
Grants payable | $23,000 |
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 | $511 |
Unsecured mortgages and notes payable | $54,586 |
Other liabilities | $1,322,351 |
Total liabilities | $1,720,649 |
Net assets without donor restrictions | $35,892,947 |
Net assets with donor restrictions | $49,464,538 |
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 | $87,078,134 |
Over the last fiscal year, West Central Initiative has awarded $6,897,069 in support to 145 organizations.
Grant Recipient | Amount |
---|---|
CITY OF PELICAN RAPIDS PURPOSE: POOL CONSTRUCTION | $1,508,467 |
DETROIT LAKES PUBLIC LIBRARY FOUNDATION PURPOSE: FURNITURE; GENERAL SUPPORT | $751,713 |
THE HUDSON INN LLC PURPOSE: DEED MAIN STREET REVITALIZATION GRANT | $320,642 |
PRAIRIE ROSE AGRICULTURE INSTITUTE FOR RESEARCH INNOVATION AND EDUCATION PURPOSE: DISBURSEMENT OF FUNDS-PRAIRIE; SMALL FARM INCUBATION; CONGOLESE COMM. GARDEN; LEASE | $296,433 |
MORRIS AREA PUBLIC SCHOOL DISTRICT #2769 PURPOSE: ROBOTICS TEAM; TRAP TEAM; AG EDUCATION & FFA; STAFF RECOGNITION; INVEST IN YOUTH; ARCHERY; BAND TRIP; ARTIST RESIDENCY, 5TH GRADE ROCKETS; SCHOLARSHIPS; GENERAL SUPPORT | $215,871 |
PURPOSE LLC PURPOSE: DEED MAIN STREET REVITALIZATION GRANT | $199,900 |