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 06/2023, Mankato Area Foundation employed 8 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 06/2023, Mankato Area Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $4.4m during the year ending 06/2023. While expenses have increased by 22.1% 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, Mankato Area Foundation has awarded 446 individual grants totaling $10,399,014. 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

2023

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
Kristin Duncanson
Chair
$0
Nathan Mullikin- Vice Chair
July-Oct '22)/ Dir.(oct '22-June '23)
$0
Leah Davis- Dir July-Oct '22
/vice Chair(oct '22-June '23)
$0
Seth Ferkenstad
Treasurer
$0
Thomas Lentz
Secretary (july-Oct '22)
$0
Christina Bohlke- Dir July-Oct '22
/secretary(oct '22-June '23)
$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$5,354,820
Noncash contributions included in lines 1a–1f $1,496,380
Total Revenue from Contributions, Gifts, Grants & Similar$5,354,820
Total Program Service Revenue$46,432
Investment income $536,872
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$155,712
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,788,794

Grants Awarded

Over the last fiscal year, Mankato Area Foundation has awarded $2,977,276 in support to 62 organizations.

Grant RecipientAmount

CROSSVIEW COVENANT CHURCH

PURPOSE: Program assistance

$5,500

ABIDING SAVIOR FREE LUTHERAN CHURCH

PURPOSE: Program assistance

$5,400

MINNESOTA TEEN CHALLENGE INC

PURPOSE: Program assistance

$6,000

OUR SAVIOR'S LUTHERAN CHURCH

PURPOSE: Program assistance

$6,000

LIFE-WORK PLANNING CENTER

PURPOSE: Program assistance

$6,100

ST JOHN'S EPISCOPAL CHURCH

PURPOSE: Program assistance

$6,000
View Grant Profile

Peer Organizations

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Davenport, IA
$19,736,836
Three Rivers Community Action Inc
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$22,496,081
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$19,087,683
Mid-Iowa Community Action -Mica- Incorporated
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$16,465,761
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$27,467,539
West Central Wisconsin Community Action Agency Inc
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$17,170,125
Community Action Agency Of Siouxland
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$13,022,438
Beacon Interfaith Housing Collaborative
Saint Paul, MN
$12,930,229
West Central Minnesota Communities Action Inc
Elbow Lake, MN
$12,153,443
Lakes And Pines Community Action Council Inc
Mora, MN
$11,033,851
Childserve Community Options Inc
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$10,726,335
St Paul Auto Dealers And District 77 Lodge Iamaw Joint Fund
Bloomington, MN
$10,355,381
Impact Seven Incorporated
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$21,975,718
North Central Community Action Program Inc
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$9,599,430
Kootasca Community Action Inc
Grand Rapids, MN
$11,082,876
Community Action Inc Of Rock And Walworth Counties
Beloit, WI
$9,001,499
Emerge Community Development
Minneapolis, MN
$6,719,564
Southwestern Minnesota Opportunity Council Inc
Worthington, MN
$6,694,625
Regional Development Authority
Davenport, IA
$7,862,647
Western South Dakota Community Action Inc
Rapid City, SD
$5,519,387
Thunder Valley Community Development Corporation
Porcupine, SD
$14,048,128
International Union Of Painters And Allied Trades
Big Bend, WI
$5,058,068
Matura Action Corporation
Creston, IA
$5,604,914
South Central Iowa Community Action Program Inc
Chariton, IA
$5,090,218
Inter-County Community Council Inc
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$4,880,577

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