Overview
What is Northwest Minnesota Foundation?
The Northwest Minnesota Foundation is a nonprofit organization based in Bemidji, Minnesota. They invest resources, facilitate collaboration, and promote philanthropy to enhance the quality of life in the Northwest Minnesota region. Their grant programs offer flexibility to nonprofit organizations and public agencies, providing a total of $4,720,441 in grants, scholarships, and forgivable loans in FY 2022. The programs address various issues in the community, including emergency relief, childcare, housing, and entrepreneurship. In response to the COVID-19 pandemic, they launched the COVID Community Heroes program to recognize individuals, businesses, and nonprofits who went above and beyond to serve their community during that difficult time. The Foundation is committed to improving the regional economy, funding 43 loans to small businesses and entrepreneurs, and acting as the Small Business Development Center for the Northwest region of Minnesota.
Official website here: www.nwmf.org
Is Northwest Minnesota Foundation legitimate?
Northwest Minnesota Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Minnesota Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,697,628
For more financial information, click here
Official website here: www.nwmf.org
What is the mission statement of Northwest Minnesota Foundation?
The Northwest Minnesota Foundation invests resources, facilitates collaboration, and promotes philanthropy to enhance the quality of life in the region. They accomplish this by providing grants to nonprofit organizations and public agencies, enabling them to address various community and organizational issues. In FY 2022, they awarded a total of $4,720,441 in grants, scholarships, and forgivable loans. Their grant programs offer flexibility and support to entities, aiming to strengthen their capacity to shape their future. The foundation's grant-related activities also extend beyond funding, providing mission-related and development support. Throughout their work, they focus on areas such as children and families, emergency relief, housing and homelessness, American Indian communities, innovation, training, advocacy, and economic development.
Official website here: www.nwmf.org
Who is the CEO of Northwest Minnesota Foundation?
What is the revenue of Northwest Minnesota Foundation?
Northwest Minnesota Foundation's revenue in 2022 was $19,432,128.
Official website here: www.nwmf.org
Who are the executives of Northwest Minnesota Foundation and what are their salaries?
The average compensation at Northwest Minnesota Foundation during 2022 was $58,539. There are 29 employees at Northwest Minnesota Foundation.
Here are 15 key members and their salaries:
- Karen White (President)
- Michael Neusser (Vp Of Operations)
- Nathan Dorr (Vp Of Advocacy)
- Jason Carlson (Director)
- Kaitlyn Grenier (Director)
- Mike Laroque (Director)
- Bruce Reeves (Director)
- Connie Lindstrom (Director)
- Deb Zak (Director)
- Kristi Thorfinnson (Director)
- Jill Johnson (Director)
- Cheri Gunvalson (Secretary) [Trustee/Director]
- Todd Beckel (Treasurer) [Trustee/Director]
- Michelle Paquin (Vice Chair) [Trustee/Director]
- Steven Anderson (Chair) [Trustee/Director]
Official website here: www.nwmf.org
Where can I find the form 990 for Northwest Minnesota Foundation?
The Northwest Minnesota Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nwmf.org
Learn more at the official website: www.nwmf.org
Mission Statement of Northwest Minnesota Foundation
The Northwest Minnesota Foundation is a philanthropic organization that invests resources, facilitates collaboration, and promotes giving to enhance the living and working conditions in the region. By providing grant programs that offer flexibility to nonprofit organizations and public agencies, the Foundation empowers communities and individuals to build their resources and shape their future. In the fiscal year 2022 alone, the Foundation awarded a total of $4,720,441 in grants, scholarships, and forgivable loans, addressing various organizational, community, and regional issues.
Through its grant initiatives, the Northwest Minnesota Foundation supports initiatives that strengthen the capacity of individuals, organizations, and communities. For instance, it administers over 372 Component Funds to help build the resources of nonprofits and communities. Furthermore, the Foundation supports education and economic development by providing scholarships for students and funding small businesses affected by the COVID-19 pandemic. The organization also recognizes local heroes who have gone above and beyond to serve their communities during the pandemic.
The Northwest Minnesota Foundation's mission comes to life through its various grant programs, each with its unique priorities and eligibility criteria. Its commitment to investing in the region is unwavering, and its efforts have led to significant improvements in the lives of many individuals and organizations. By fostering collaboration, promoting philanthropy, and providing resources, the Northwest Minnesota Foundation continues to make a positive impact on the region.
Impact
This information is meant to be a general summary of Northwest Minnesota Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of Northwest Minnesota Foundation is significant in the region. Through various grant programs and initiatives, the foundation has invested resources, facilitated collaboration, and promoted philanthropy to improve the quality of life for individuals, organizations, and communities in Northwest Minnesota. In FY 2022, the foundation awarded a total of $4,720,441 in grants, scholarships, and forgivable loans to address a wide range of issues such as economic development, childcare, housing, homelessness, education, and community well-being. The foundation's efforts have helped support small businesses, enhance educational resources, promote COVID-19 vaccinations, address housing inadequacies, and provide assistance to vulnerable populations. Additionally, the foundation's focus on economic development has led to the funding of entrepreneurial ventures, business development programs, and support for small businesses in various industries. Overall, Northwest Minnesota Foundation's impact can be seen in the positive changes and opportunities it has created for the region and its residents.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPATION FEES
Revenue
$312,612
INTEREST REVENUE - LOAN
Revenue
$135,603
LOAN APPLICATION FEES
Revenue
$50,493
REVENUE FROM SERVICES
Revenue
$214,007
Organization Details
Founding Year
1986
Principal Officer
Karen White
Main Address
201 3RD ST NW, BEMIDJI, MN, 56601
Website
www.nwmf.org
NTEE Category
Code: W110 - Public benefit
If you are a representative of Northwest Minnesota Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.